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Earlier this year INREV, ANREV, NCREIF and PREA officially signed an agreement to create global standards.
To support and advise on the creation of these standards a global steering committee of industry experts has been set up with representation from Asia Pacific, Europe and North America.
A comparison of the NCREIF PREA Reporting Standards and the INREV Guidelines was jointly commissioned by Deloitte, NL and a preliminary report of its conclusions was presented during the first meeting of the Standards Steering Committee on June 18. The Committee’s initial priorities will be the development of consistent definitions and the reconciliation of INREV’s Total Expense Ratio with the NCREIF PREA Reporting Standards Real Estate Fees and Expenses Ratio.
We are delighted to announce that the following senior industry experts have agreed to participate:
Name
Company
Representing
Mark Kemper
KPMG China
ANREV
Faisal Khan
The Abraaj Group
ANREV
Neil Harris
GIC
INREV
Andrew Muscat
LaSalle Investment Management
INREV
John Ravoisin
PwC
INREV
Connie Tirondola
BlackRock
NCREIF/PREA Reporting Standards
John Caruso
TIAA-CREF
NCREIF/PREA Reporting Standards
Ken Greguski
MSCI
NCREIF/PREA Reporting Standards
Jef Holland
Deloitte
Advisor
For further information please contact Amelie Delaunay, ANREV. Maurits Cammeraat, INREV or Marybeth Kronenwetter, NCREIF PREA Reporting Standards.