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During the briefing, Constantin Sorlescu, INREV together with Thomas Kallenbrunnen, PGIM Real Estate, Nick Brown, M&G Real Estate, John Ravoisin, PwC and Robert White, EY discuss:

• Liquidity requirements and secondary markets
• Terms and rights of redemptions
• Transparency and disclosures regarding pricing policy

Constantin Sorlescu, INREV will be joined by John Ravoisin, PwC and Renaud Breyer, EY provide guidance and considerations that may be appropriate for investment managers when reporting to investors in these uncertain times. Also read a short paper filled with reporting considerations related to COVID-19 and which are based on the INREV Guidelines.

This short paper provides a summary of considerations, relevant INREV Guidelines and additional best practice around open end vehicle liquidity.

INREV AREF paper shares insights on how to deal with pricing and governance in exceptional market circumstances.

Louisa Cobbe, Matt Baker and Sarah Ward from Bryan Cave Leighton Paisner (BCLP) in London present on key operational, legal, regulatory and competition issues around structuring and running real estate joint ventures/clubs. 

The global spread of COVID-19 and the impact on the global societies is creating major operational and reporting challenges for investment managers. To help the industry navigate in these uncertain times, we summarised below a set of existing INREV Guidelines and considerations for investment managers when reporting to investors on any significant changes that have or could have a material impact on the vehicle’s operations and performance.

The Spectrum for Impact Investment is the framework prepared by INREV to map out different investment approaches for real estate, depending on investors’ ambition for environmental and social impact. 

The multitude of data formats used in the market can mean inefficient data handling and administrative overload. Since its first release in 2012, the Standard Data Delivery Sheet (SDDS) has helped by providing a common reporting format for investment managers and investors to exchange information. This creates uniformity, transparency and operational efficiencies between both parties.​

The sheet’s latest update, SDDS 4.0, is aligned with the latest industry developments and changing investor needs, to ensure it remains practical and useful in today’s market.​

INREV has also introduced the ESG SDDS, a brand new ESG reporting template designed to standardise the disclosure reporting of ESG Key Performance Indicators (KPIs) for real estate investment vehicles.​

Keen to learn more? Watch the briefing on how to practically implement the SDDS and ESG SDDS.

If you would like to access the unprotected version of the SDDS, please send your request to Professional.Standards@inrev.org

View the video below to hear how CBRE Investment Management use the INREV SDDS and how this has streamlined their reporting process. 

Oscar Fusco, Research and Analytics Analyst at INREV joined by Kim Politzer, Director of Research, European Real Estate at Fidelity International, and Robert Wagenaar, Manager International Finance at Bouwinvest, discuss the recent performance and trends of the INREV Fund index, INREV ODCE Index and INREV Asset Level Index.