Since early 2021, the Total Global Expense Ratio (TGER) has been a required metric for all those using the INREV Guidelines. Its increased usage across the industry is a testament to it being the one and only global ratio for real estate.
Today it’s used for ODCE submission; it’s embedded into the ANREV/INREV Management Fees & Terms Study; AREF (the UK Association of Real Estate Funds) has brought its guidance on Expense Ratios in line with TGER; and it is part of the NCREIF PREA Reporting Standards manuals in the US.
TGER was developed by INREV, ANREV, NCREIF and PREA to globally harmonise the approach for measuring the total fees and costs of real estate investment vehicles.
Visit the Fee and Expense Metrics module of the INREV Guidelines below to learn more, or complete a self-assessment of your level of compliance and share this with your investors.
If you have any questions about TGER, please reach out to professional.standards@inrev.org.
Fee and Expense Metrics