The annualized implied discount rate (effective compounded nominal rate) that equates the present value of all of the appropriate cash inflows associated with an investment with the sum of the present value of all the appropriate cash outflows accruing from it and the present value of the unrealized residual investment.
Global Definitions Database
Internal Rate of Return - IRR (RS)
Source: NCREIF PREA Reporting Standards | Date: 29 April 2020 | ID: D0163 | Version: 4