Global Definitions Database
The Global Definitions Database (GDD) is the leading global source of definitions for the non‐listed real estate sector.
Global definitions are an important step towards producing global standards and aligning the INREV Guidelines with the NCREIF PREA Reporting Standards. The GDD provides a common glossary of non-listed real estate terms. Many terms have been agreed to globally, while others are specific to Asian, European and North American standards, guidelines and data products. This has been indicated in the source.
A common set of terms is a critical component of the global standardisation initiative and our interactive online tool makes them easily accessible. This provides the industry with one unique depository of definitions that will help increase transparency and align the industry globally.
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Net equivalent yield
A time-weighted average of the net initial yield and reversionary yield, representing the return a property will produce based upon the timing of the ...
Net Initial Yield (NIY)
The passing rent or net operating income divided by the gross property value including notional acquisition costs.
Reversionary yield
The estimated rental value as a percentage of gross property value.
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Funds of funds
Real estate funds of funds are collective investment vehicles that use a strategy of holding a portfolio of investments in other real estate...
Limited Partner
An entity or person who joins with at least one other entity or person to form a partnership. The limited partner generally does not receive dividends...
Authorised Management Company
A type of management company which is authorised and regulated to manage investment vehicles in respective domiciles as required. Examples include and...