This INREV one day course will address liquidity for non-listed real estate vehicles and its impact on fund terms and investor behavior.
The course will explore the challenges of managing liquidity in a global portfolio from an investor and a fund manager perspective.
It will also look at secondary trading and will examine the key elements to ensure successful transactions.
Finally, it will review the various platforms that are being created to provide greater transparency to the secondary trading process and identify some of the issues that arise.
The course will seek to be an interactive process drawing upon the experiences of the audience through a variety of case studies.
The course will cover the following topics:
- The liquidity needs of investors from their real estate portfolios
- Open ended funds
- The role of secondary transfers in closed ended funds;
- Current pricing mechanisms
Who should attend the course?
The course is aimed at experienced professionals with several years of practice within the non-listed real estate funds industry. This could be attendees who wish to improve their knowledge of liquidity mechanisms used elsewhere in Europe, understand the practical applications of these structures and those who want a better understanding of the issues around secondary market trading in non-listed real estate funds. The course is suitable for middle to senior management which could include CIO/Product development, Directors at a fund level and/or Portfolio Managers at an investor level. The course is open to INREV members and non-members.
Upon completion of the seminar participants will be able to:
- Comprehend and have a good overview of different liquidity provisions in Europe
- Understand the advantages and disadvantages of various liquidity provisions in light of market circumstances;
- Have a good insight into how secondary markets work and the issues involved.
The course will be given by leading industry experts with an emphasis on group discussions and case studies to allow participants to share their views.
This course qualifies towards the INREV/ Henley Certificate.