Global ODCE Management Fees Study 2025

ANREV, INREV and NCREIF are pleased to release the second publication of the global comparison of the Total Global Expense Ratio (TGER). The study includes the TGER for 47 funds out of the 49 funds included in the Global ODCE Index.

Global IRR Index Q1 2025

The Q1 2025 release of the Global IRR Index release monitors 402 closed end funds across vintages from pre-2001 to 2022. The IRR for the 2019 vintage year improved by 106 bps to -6.64% in Q1 2025.

ANREV IRR Index Q1 2025

The IRR Quarterly Index Q1 2025 features 74 closed-end funds across vintages from pre-2005 to 2022. The IRR Index measures performance of value-added and opportunistic non-listed closed end funds investing in Asia Pacific.

Global Real Estate Fund Index Q1 2025

The GREFI All Funds Index delivered positive total returns of 0.92% in Q1 2025. This publication features 442 funds with a total GAV of USD 879.44 billion.

Introducing a New IRR Analysis Tool

Providing members with deeper insights into the performance of closed-end funds in Asia Pacific.

2025 Performance Measurement & Research Publication Calendar

The 2025 ANREV Performance Measurement and Research publication calendar is now available.

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Market Information

Global IRR Index Q1 2025

2025-07-02

The Q1 2025 release of the Global IRR Index release monitors 402 closed end funds across vintages from pre-2001 to 2022. The IRR for the 2019 vintage year improved by 106 bps to -6.64% in Q1 2025.

Research

ANREV / INREV / NCREIF Fund Manager Survey 2025

2025-06-04

The total global real estate assets under management (AUM) was at US$3.8 trillion at the end of 2024 from 114 investment managers contributing to the survey.

Membership