Press Releases

20 September 2018, Amsterdam – The 2018 INREV Management Fees & Terms Study highlights the non-listed real estate industry’s dramatic leap in transparency, achieving a record response rate from INREV members. A total of 418 vehicles provided data to the study – marking a ten-year high. Of this number, 155 funds delivered data on their total expense ratio (TER), compared with 42 in the previous study, and 111 vehicles provided details of their real estate expense ratios (REER). The study...

3 September 2018, Amsterdam – Ninety-two European closed end non-listed real estate funds are set to terminate over the next 10 years, releasing a potential €20.9 billion of assets back into the market, according to the INREV Funds Termination Study 2018. Between 2018 and 2020, 44 funds with a combined AUM of €9.6 billion are due to close. The peak of activity is anticipated in 2022, when 22 funds could be wound up. Funds with a retail strategy outnumber those...

18 July 2018, Amsterdam - Non-listed real estate funds of funds remain important vehicles offering investors significant diversification options according to the ANREV / INREV Funds of Funds study released today. The share of total capital raised in 2017 doubled for fund of funds. In total, €152.3 billion of fresh equity was raised for non-listed real estate, with €8.1 billion or 5.2% destined for fund of funds. This is a record level of new capital and a significant jump from...

Industry seeks convergence of approach toward costs of real estate investments 26 June 2018, Amsterdam – INREV, ANREV, NCREIF and PREA have jointly developed a new total global expense ratio (TGER) – the first globally consistent measure for real estate investment vehicle fees and costs. The main aim of the proposed TGER is to help investors more easily assess and compare the fees and costs of individual vehicles. The TGER has been shared through a consultation paper circulated to the...

INREV’s German Vehicles Annual Index 2018 recorded a ten-year high for non-listed real estate performance in Germany, with total returns of 4.29% over 2017, up from 2.68% the previous year. The results were largely due to a very strong performance in the first half of the year, driven especially by income returns of 4.34% over the year, which were the highest on record and significantly ahead of capital growth at 0.01%.

6 Juni 2018, Amsterdam – Der INREV German Vehicles Annual Index 2018, der die die Performance von in Deutschland domizilierenden nicht-nörsennotierten Immobilienanlageprodukten abbildet, verzeichnete mit einer Gesamtrendite von 4,29% im Jahre 2017 ein Rekordergebnis, das zudem deutlich über dem Vorjahresergebnis von 2,68% liegt. Die Ergebnisse sind im Wesentlichen auf eine sehr starke Performance in der ersten Jahreshälfte zurückzuführen, getrieben durch Ausschüttungs-Renditen in einer Rekordhöhe von 4,34% und einer Wertänderungsrendite von 0,01%. Spitzenplatz für Spezialfonds Die Performance von Spezialfonds übertraf erneut...

Total global real estate assets under management rise by 11.6% 29 May 2018, Amsterdam – The Blackstone Group has topped a list of global real estate fund managers for the second year running, with assets under management of €184.3 billion – up by €41 billion on the previous year, according to the Fund Manager Survey 2018, published by INREV, ANREV and NCREIF. The survey also reveals an 11% uplift in total AUM from €2.4 trillion to €2.7 trillion in 2017...

16 May 2018, Amsterdam – European non-listed real estate continues to perform well for investors, according to the recently published 2018 INREV Annual Index. The All Funds Index delivered a total return of 9.40% over 2017, up from 5.99% in 2016. The impressive returns were boosted by a jump in capital growth, from 2.39% to 5.51%. Distributed income returns also saw gains to 3.88% from 3.59%. Significant gains in key markets Finnish and Dutch funds posted the highest returns of...

11 April 2018, Dublin – INREV is to introduce a new Internal Rate of return (IRR) Index that will enable investors in European non-listed real estate to better compare their real estate investments with those they have in other asset classes. It is a significant development that will help to align the real estate investment industry more closely with other asset classes, such as private equity. The index will measure performance based on cash-on-cash returns as opposed to the value-to-value...