Chapter 3

INREV Strategic Value Drivers
2022

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INREV strives to achieve its goals with the support of the committees and focus groups. Projects for the year are driven by a set of priorities and value drivers. An overview of our key achievements under the value drivers are set out in this section.

Strategic value drivers

Key achievements

Provide the highest quality European and global insights and indices

  • Eleven quarterly indices published
  • European ODCE and Asset Level move out of consultation
  • European ODCE index moves to NAV reporting and reaches €44.7 billion in GAV
  • ESG Asset Level Index pilot launched with 5 environmental KPIs and results presented at Annual Conference and ESG Seminar
  • Enhanced INREV Debt Vehicles Universe Study
  • Market Insights report and sentiment survey published over four quarters
  • Framework designed and completed for launch of Consensus Indicator in 2023
  • Global Fund Manager Survey (ANREV/INREV/ NCREIF) launched with participation from 143 contributors, covering an AUM of €4.1 trillion
  • Investment Intentions report read by 34% more members in 2022
  • Two technology short papers published: Data driven investment: An introduction, and Smart contract adoption in the real estate industry
  • Second edition of Global DEI survey published with Ferguson Partners and 6 other associations
  • DEI in Europe paper published with ULI
  • Second Global Fund Management Benchmark published with Ferguson Partners and NAREIM
  • Delivered 8 monthly Research and Market Information briefings on the first Thursday of every month to further promote indices and research
  • Global Performance and Global Research Committee established
  • 184 pieces of press coverage spanning Covid, Brexit, Russia / Ukraine conflict, ESG, rise of non- listed real estate debt

Increase awareness and adoption of INREV Standards globally

  • INREV Guidelines Review Completed
  • Self Assessment updated to reflect new Governance and Performance Measurement modules (including calculation example)
  • INREV DDQ updated with dedicated ESG section
  • INREV NAV Q&A on forward funding released
  • INREV NDA update published
  • INREV Guidelines eLearning Course, ‘Nine Pillars of best practice’ launched to the industry and second edition scheduled
  • 10 definitions added to the Global Definitions Database
  • Wide variety of bylines, 3 IQ articles and video published to reinforce the Guidelines story

Represent the industry in European policy making

  • Update to Real Estate in the Real Economy published
  • Updated Tax and Regulatory Country by Country Guide published
  • EU Cross-border Marketing: Mind the gaps paper published
  • Joint event organised with EPRA on Real Estate: Help to meet Europe’s pension needs as part of European Reitrement Week
  • Participation in Urban Intergroup event on Europe’s green transition and investment industry intergroup conference on investments in clean energy infrastructures
  • Thirteen responses filed to regulatory consultations
  • Ten monthly tax and regulatory briefings
  • Nine snapshots / papers were developed
  • Active dialogue with EU officials to continue highlighting importance of real estate in the transition to net zero
  • ESG regulations focus group initiated with experts from both ESG and PA committee

Inspire, educate and inform

  • 49 events organised
  • Blended offering of online versus on location events and training as return to normal
  • Online events promoted among non-European members to encourage participation
  • ESG focus on day two of Annual Conference and DEI focus at the Young Professionals Conference
  • ESG Seminar held in Amsterdam in June and an online DEI Seminar hosted in July
  • INREV/Henley Certificate format redesigned to refresh offering and better meet needs of course participants resulted in uptick in participation
  • INREV Mentorship programme launched successfully at YP Conference
  • 44 IQ Articles published and promoted online
  • Launched Guidelines eLearning course
  • CPD Certification in place for many training courses

Ensure an innovative, accessible and secure online platform

  • INREV Fund, German index analysis tools migrated and enhanced
  • Investment Intentions data migrated to Data Warehouse
  • The Vehicles Universe and ODCE Index launched into the Data Platform
  • Management Fees and Terms data structure was revised and added to the Data Platform
  • Website navigation restructured

Grow and strengthen the non-listed real estate community

  • INREV membership net growth of 24 to a total of 502 by year end
  • 24% investor representation
  • Online Investor invitation only sessions held in Italy and Finland
  • 650 training course participants
  • 4367 members registered for events
  • INREV Henley Day organised bringing together alumni, academics and current students to network and hear a presentation on current issues affecting the industry