Operational Real Estate (OpRE) continues to gain traction as investors look to unlock value through more active, service-driven strategies. Yet, OpRE structures bring distinct governance and alignment challenges that differ from traditional real estate investments.
To help the industry navigate this evolving landscape, INREV has published a new paper – ‘Good practice recommendations for Operational Real Estate’. The paper explores governance considerations, risk factors and structural variations across common ownership models, providing practical insights to support effective decision-making.
Key highlights include:
- Examination of three prevalent ownership models – investment manager-owned, fund-owned, and third-party-owned – and their implications for governance and control.
- Recommendations for ensuring clarity of roles, accountability and incentives between investors, managers and operators.
- Guidance on managing potential conflicts of interest and promoting transparency and accountability.
- Emphasis on adaptable frameworks that support resilience and effective exit strategies.
These good practice recommendations aim to support investors and managers in structuring OpRE investments through long-term value creation and strong alignment of interests.
If you're interested in learning more, the paper will be discussed at the upcoming Finance and Operations Seminar on 28 October in Amsterdam. Sign up now to save your seat.
Good practice recommendations for Operational Real Estate
Published on 07 Oct 2025