INREV Guidelines Consultation
INREV is embarking on an important project to evolve elements of the INREV Guidelines, keeping INREV standards ahead of the curve and ensuring they remain practical, transparent and fit for purpose without unnecessary disruption. The process will be industry-led and collaborative, involving INREV committees, the Guidelines Steering Committee, the Management Board, and input from industry associations across the globe such as ANREV, NCREIF, and PREA.
The consultation covers the INREV NAV module, OpRE considerations, and the Due Diligence Questionnaire (DDQ) and runs until 16 October 2026.
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Consultation Documents
Published on 07 Sep 2026
Provide your response
INREV NAV Module
This module has been a trusted industry standard for over a decade. Now is an opportune moment to carefully review and enhance it while keeping the underlying methodology stable.
What is proposed?
The review process considers how the NAV framework can remain robust and practical in the context of emerging trends, such as growing OpRE investments, ensuring any changes are thoughtful, responsible, and aligned with industry needs.
OpRE considerations
Operational real estate (OpRE) strategies are gaining prominence and reporting expectations are growing.
What is proposed?
INREV’s next step is to assess how OpRE considerations can be more systematically integrated into the Guidelines. The goal is not to impose rules, but to support investor confidence through enhanced transparency and governance guidance, reflecting the realities of new operational models.
Due Diligence Questionnaire (DDQ)
The DDQ remains one of INREV’s most widely used templates, providing a standardised framework for efficient and consistent investor due diligence.
What is proposed?
The update streamlines the questionnaire, incorporating emerging topics such as OpRE/platform investing, cybersecurity and AI, and ensuring existing questions stay relevant for investor decision-making. The aim is to deliver a more focused and efficient tool, rather than a longer or more complex one.
How can you provide feedback?
A six-week industry consultation will take place from early September to late October 2026. Members are requested to provide feedback at a company level, we encourage you to identify an individual or a group of individuals who best represent the view of your company and have the right expertise and skills to comment on the various revisions.
There are three different ways to provide your company views and participate in the dialogue:
ONLINE BRIEFING - 9 SEPTEMBER
An online briefing was held to give all members the opportunity to learn about the Guidelines review and contribute feedback, irrespective of their location.
ROUND TABLES - MULTIPLE DATES
We will seek feedback from investors, investment managers, service providers and other finance professionals via in-person roundtable events. They will be held in Amsterdam, Luxembourg, London. Members of boards and independent directors are also encouraged to participate.
CONSULTATION QUESTIONAIRES
Members can answer reflecting the views of the organisation rather than individual opinions by filling out online forms.
Questions about the INREV Guidelines Review?
Please don't hesitate to contact us.
Constantin Sorlescu
Director of Professional Standards and Sustainability