To understand, evaluate, and globally converge the concepts and practices with respect to institutional, real estate investor reporting. The group will coordinate with other organizations sharing similar objectives around the world, understand our commonalities and differences to foster the establishment of investor reporting standards, performance measurement reporting, accounting guidelines and other information standards which evolve into consistent practices that ultimately serve the best interest of the investor.
Global Standards: Collaboration with INREV, ANREV, NCREIF and PREA
In 2015, NCREIF, PREA and INREV (and via license ANREV) executed a memorandum of understanding to collaborate on the development of uniform reporting for investment vehicles. The goal is to provide comparable, useful and transparent information to private non-listed real estate investors on a global basis. The NCREIF PREA Reporting Standards and the INREV Guidelines are currently utilized by investment managers in the US, Europe and Asia, respectively, for institutional real estate investment reporting purposes. A global standards steering committee has been formed to develop a uniform global set of information reporting and disclosure standards, on a non-exclusive basis in order to support efficiency and best practice as well as the flow of capital in this industry sector with the objective to limit further divergence in reporting and information standards and disclosure practices.
Global Standards Steering Committee (SSC):
Publications and News
Volunteers are always welcome to participate in current projects. Contact Marybeth Kronenwetter for more information.
Information on other current projects and business plans for the Global Workgroup can be found under Projects and Business Plans