Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Internal Rate of Return (IRR) Breakpoint Analysis

The calculation of the internal rate of return (IRR) earned by the investor at the point where the manager is earning the stipulated share of profits; allows for comparison of alternative fee rates and terms (such as the impact of changing the preferred rate and catch-up rate).

Source: NCREIF | Date: 05 September 2025 | ID: D1220 | Version: 1