Home / Global Definitions

Global Definitions

Introducing the first global expense ratio

21 March 2018, Amsterdam – INREV, ANREV, NCREIF and PREA are pleased to jointly release for industry consultation the first globally comparable measure of fees and costs named Total Global Expense Ratio (TGER). 

The new proposed global standard measures the fees and costs related to participation in a real estate investment vehicle and enables comparison across products, regardless of the vehicle domicile, structure and management activities.

Global Definitions Database for non-listed real estate unveiled

INREV, ANREV, NCREIF and PREA are pleased to jointly unveil the Global Definitions Database (GDD). The GDD represents one unique depository of definitions comprising of real estate market related terms. A common glossary of terms is a critical step towards convergence of reporting standards for institutional real estate investment vehicles and creates a one-stop resource that has not existed until now.