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Description

Secondary Markets and Liquidity Options

, London

One advantage of the non-listed real estate market is its ability to offer investors liquidity through open-ended vehicles or secondary trading. This has become an evolving part of the market and gives investors opportunities to access, diversify and rebalance their portfolios more easily, as well as gain access to information about pricing and transparency for more informed investment decisions.

This new course gives you a good understanding of the different aspects required to manage liquidity from both an investor and manager’s perspective. It will cover the range of liquidity options through redemptions and secondary transactions, as well as other important aspects such as market trends for liquidity needs, investor behaviour, pricing and valuation, and legal and governance considerations.

The course will include the following topics:

  • Investor’s portfolio liquidity considerations
  • Types of liquidity and secondary transactions
  • Overview of the secondaries market
  • Liquidity considerations in open-ended funds
  • Pricing, underwriting and valuing secondaries
  • Governance and legal trends

The course will be given by leading industry experts and will include interactive discussions and case studies to allow participants learn from real-life applications. This is a 1-day in-person course and requires all participants to complete a 60-minute eLearning module on the INREV Liquidity Guidelines before attending.

Who should attend the course?

The course is aimed at experienced industry professionals who wish to improve their knowledge of liquidity mechanisms used for closed and open-ended funds, as well as discuss practical implications, challenges and trends with peers. The course is open to INREV members only.

Upon completion of the course, participants will:

  • Comprehend and have a good overview of different liquidity provisions in Europe
  • Have a good insight into how secondary markets work and the issues involved
  • Understand the legal and governance considerations around secondary transactions and liquidity 

This course is open to INREV members only and counts as an elective course for both streams towards the INREV/ Henley Certificate for non-listed real estate investments.

Where

Where

London

Programme

Fees & Terms

Fees

One day course for INREV members (€ 750)

Terms and conditions

General

1.1. This INREV training course is open to INREV members only. 

1.2. For all attendees, the Membership Terms and Conditions fully apply. In the event of any conflict or inconsistency between any provisions of these course Terms and Conditions and the Membership Terms and Conditions, first these course Terms and Conditions and then the Membership Terms and Conditions shall prevail.

1.3. Attendees will hereinafter together be referred to as “Applicants”.

1.4. The costs of attending the training course (Attendance Fee) is €650 for INREV members.

1.5. Admission to this course is subject to registration and subsequent written confirmation of that registration by INREV. Please note that limited seats per organisation are available (limited to two seats per member organisation).

1.6. All personal data provided to INREV by Applicants, during the application process or afterwards, will be processed in accordance with the Privacy Statement of INREV, which can be found on the INREV website.

 

Cancellation and attendance policy

2.1. After registration for the online course, cancellation is possible if that cancellation request is written to training@inrev.org before Wednesday 14 June 2023. 

2.2 In case of a no-show the full course fee is due.

2.3 To deliver a successful course, active contribution is of huge importance and therefore we expect participants to attend all sessions live (incl. the break-out sessions and case studies). If you fail to attend a session, we are regrettably unable to grand you with the course Certificate of Attendanc

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