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This is the fourth study on the fees and terms of non-listed real estate funds investing in the Asia Pacific region. This annual project aims to increase the transparency of the fee structures and fee levels in funds, and to create a framework for the regular reporting of fees in funds. The project also aims to increase the understanding of the challenges and limitations the non-listed real estate fund industry faces in analysing and comparing fee structures and levels.
Please contact Henry Lam ([email protected]) if you have any enquiries regarding to the fees and terms survey.
04 Nov, 2026
The ANREV Research Award is ANREV's inaugural award for student research, launched in 2026 to recognise outstanding applied research on Asia Pacific institutional real estate. Open to Bachelor's and taught Master's students, the winning paper is selected by a jury of ANREV Research Committee members and industry practitioners.
04 Nov, 2026
The 2026 edition draws on 2025 data from 31 vehicles managed by 15 managers for TGER (representing a combined GAV of US$67.5 billion), alongside 23 vehicles for REER. The survey reveals an equal-weighted average TGER of 1.01% based on GAV and 1.53% based on NAV.
15 Jul, 2026
The study includes the TGER for all the 49 funds included in the Global ODCE Index, representing a total gross asset value (GAV) of USD 349 billion as of the end of 2025.