The foundational standards for fair value accounting used to report by the institutional real estate investment community to both tax-exempt investors (e.g. pension funds) as well as non tax-exempt investors (e.g. Funds) to tax-exempt investors and those investors and those investors that are not tax exempt.
Global Definitions Database
Fair Value Generally Accepted Accounting Principles (FV GAAP)
Source: NCREIF PREA Reporting Standards | Date: 30 October 2020 | ID: D0199 | Version: 3