Upcoming Events

  • Open Council Meeting - December 19, 2018
  • Open Council Meeting - February 20, 2019

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About Us

NCREIF PREA Reporting Standards ("Reporting Standards") Mission: 
The Reporting Standards mission is to establish, manage and promote transparent and consistent reporting standards for the real estate industry to facilitate informed investment decision making.  

The Reporting Standards apply to the information included in Account Reports prepared for private institutional equity real estate investors. The Account Report is the entire periodic (i.e., quarterly and annual) reporting submitted to investors in Commingled Funds and Single Client Accounts (collectively, Accounts). The Reporting Standards were originally designed with a focus on core strategies with many elements applicable to other strategies. The Reporting Standards Board and Council recognize that some standards may pose compliance challenges when applied to other strategies and is exploring ways to address this.  

Compliance with the Reporting Standards is measured on an Account basis. The Reporting Standards do not apply to firm-level reports. Certain circumstances exist where reporting of the required element is not applicable. In those instances, a response of “Not Applicable” may be appropriate. However, one can claim compliance in this circumstance provided that the Account discloses reasons why the element is not applicable within the Account Report. 

The Reporting Standards (formerly known as "REIS Standards") were first published in 1995 in order to provide standards for calculating, presenting and reporting investment results to the institutional real estate investment community in the United States. From 1995 to 2003 the Standards were periodically updated by NCREIF's standing committees and leadership. In 2004 and 2007 respectively, the Reporting Standards Council and Reporting Standards Board were established by the sponsors to oversee the initiative. In 2011, the Reporting Standards were re-leased as a codified compliable set of reporting standards for the private, institutional, real estate equity industry. Reporting Standards is sponsored by the National Council of Real Estate Investment Fiduciaries (NCREIF), and the Pension Real Estate Association (PREA)