Global Definitions Database
The Global Definitions Database (GDD) is the leading global source of definitions for the non‐listed real estate sector.
Global definitions are an important step towards producing global standards and aligning the INREV Guidelines with the NCREIF PREA Reporting Standards. The GDD provides a common glossary of non-listed real estate terms. Many terms have been agreed to globally, while others are specific to Asian, European and North American standards, guidelines and data products. This has been indicated in the source.
A common set of terms is a critical component of the global standardisation initiative and our interactive online tool makes them easily accessible. This provides the industry with one unique depository of definitions that will help increase transparency and align the industry globally.
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Term
The length of time, usually years, that an investment Vehicle (such as a fund), or loan is expected to exist, prior to any extensions.
Extension Term
A pre-determined additional time period, usually in years, by which a time period such as, the Investment Period or Termof a Vehic...
Unitized vehicle
A collective investment structure that allows the transfer of predefined ownership increments (e.g the purchase or sale of shares) as defined in the&n...
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Extension Term
A pre-determined additional time period, usually in years, by which a time period such as, the Investment Period or Termof a Vehic...
Term
The length of time, usually years, that an investment Vehicle (such as a fund), or loan is expected to exist, prior to any extensions.
Unitized vehicle
A collective investment structure that allows the transfer of predefined ownership increments (e.g the purchase or sale of shares) as defined in the&n...