ANREV, NCREIF and PREA are working together to create global standards.
Mission
- To develop an global set of standards which are transparent, useful and comparable to stakeholders in non-listed real estate investment vehicles on a global basis.
- Together we have launched the Global Definitions Database and the Total Global Expense Ratio (TGER).
- To improve transparency and accessibility for increased liquidity and to promote sustainability.
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Global Definitions
To assemble a common set of industry terms critical to the non-listed real estate industry which are used either globally or in specific domiciles. To agree to common global definitions to the extent possible yet recognize that certain terms may be specific to standards or products which are not global and therefore do not benefit from convergence. To create an interactive tool to make the terms readily accessible.
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Fees and Expense Metrics
To develop comparable and consistent measures/metrics of fees and expenses with accompanying disclosures on a global basis which can be used within and across domiciles as well as within and across product types.
Global Standards Steering Committee
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NameCompanyRepresenting
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Guido Verhoef (Co-chair)PGGMINREV
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John Caruso (Co-chair)TH Real EstateNCREIF/PREA Reporting Standards
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Stephen Tross (Co-chair)BouwinvestANREV
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John RavoisinPwCINREV
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Andrew MuscatLaSalle Investment ManagementINREV
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Matthias PilzAllianz Real EstateINREV
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Dimme LucassenAberdeen StandardINREV
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Barbara FluskCitcoNCREIF/PREA Reporting Standards
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Connie TirondolaCitcoNCREIF/PREA Reporting Standards
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Michael MorrellNYS Teachers' Retirement SystemNCREIF/PREA Reporting Standards
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William HughesUBSNCREIF/PREA Reporting Standards
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Candice ToddMorgan StanleyNCREIF/PREA Reporting Standards
