This study explores the relationship between sustainability practices, as measured by GRESB scores, and the performance of Asia Pacific non-listed real estate funds. By utilizing data from both ANREV and GRESB, the study identifies patterns in fund characteristics and their influence on performance. The study investigates key factors such as specialization, size, and leverage, while emphasizing the role of strong governance and management practices on fund returns. This research offers insights into the integration of ESG practices for real estate funds in the Asia Pacific market.

ANREV, INREV and NCREIF are pleased to present the latest in a series of quarterly snapshots of what’s happening in the global real estate investment market.

In this short two-page snapshot, the Global Research Committee share their views of the global macroeconomic and property market landscape, drawing on data and insights from recent global indices and global surveys jointly conducted by all three associations.

Key highlights from October 2024 include:

• Some global return drivers have shifted significantly over the past year, offering reasons for cautious optimism for an upcoming market recovery
• US ODCE funds report the lowest total global expense ratios (TGERs), followed by Asia Pacific funds and then European funds
• Capital market volumes have shown improvement but still remain well below pre-Covid levels

To enhance the user experience of our data platform users, the new permissions-based model offers tailored access across products and vehicles.

With the introduction of the new 'organization administrator' role, companies have more control over their team's access.

For more information on the types of access, please refer to the manual below or contact [email protected]

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of -0.74% in September 2024. The ACOE includes 17 funds with a total GAV of AUD 113.22 billion.

The ACOE Index also reports data on geographic allocation by sector.

Please contact Daisy Huang or Donald Lam if you have any questions regarding the Index.