INREV

📉 IRR Performance remains challenging for recent funds: https://hubs.li/Q02_n58D0 The Q3 2024 INREV IRR Index reveals continued negative returns for recently launched funds, with key highlights including: • Post-2019 vintages recorded a pooled since inception IRR of -8.32%. • Funds launched post-GFC and before 2016 outperformed other groups, while the 2005-2006 cohort still lags with -0.96%. • Single sector and single country vehicles outperform their peers. Understanding investment timing remains critical to navigating performance trends. 🔗 Download the full report and insights #NonListedRealEstate #InvestmentInsights #RealEstateAnalysis

🚀 The Q3 2024 INREV Vehicles Universe includes 4 additional vehicles and a total of 574 active vehicles, with a combined GAV of €474.7 billion: https://hubs.li/Q03091J50 Key highlights: • Traditional property sectors account for 87% of single sector vehicles by GAV. • Industrial/logistics makes up 12% by number but 28% by GAV. • The 51 alternative sector specialist funds including 17 healthcare/aged care, 12 hotel, 4 student housing, 4 parking and 14 other funds. • 297 funds focus on single countries, with Germany representing 35%. The Q3 release of the INREV Vehicle Universe expanded with 3 new organisations and 4 new vehicles including the following: • PGIM Real Estate: 2 additional vehicles Explore the full analysis including all vehicle details via the INREV Vehicles Universe Tool on our website. #INREV #RealEstate #Universe #Investment #Europe #Q32024 #pgimrealestate

📢 New Operational Real Estate Case Studies: https://hubs.li/Q02_n3TG0 Explore how OpRE investment structures are transforming sectors like PBSA, Life Sciences, and Hotels. INREV’s latest case studies highlight three distinct models tailored to sector-specific demands, showcasing unique strategies to unlock opportunities and returns. 🔑 Key insights: • Practical approaches to accessing OpRE within a fund context • Summary table outlining sector-specific structural advantages Download the full case studies and summary for detailed insights. Have an inspiring OpRE project? Share your example at professional.standards@inrev.org to feature in our OpRE Library. #OperationalRealEstate #InvestmentStructures #CaseStudies #RealEstateInnovation

📈 Global ODCE Index Returns to Positive Territory in Q3 2024: https://hubs.li/Q02-Wx9Q0 For the first time in eight quarters, the Global ODCE Index posted a positive total return of 1.99%, showcasing strong recovery across the 49 participating funds with a combined GAV of $350 billion. ✨ Key highlights: • Net total return rose by 295 bps from Q2 (-0.96%). • All three regions recorded positive performance for the first time since Q1 2022. • Income return reached a four-year high of 0.82% in Q3, with Europe leading the 1-year rolling return at 3.41%. #INREV #RealEstate #GlobalODCE

🌍 New INREV Paper: Introduction to EU Taxonomy Explore practical guidance on aligning real estate activities with the EU Taxonomy framework. ✨ Key highlights: • Insights into compliance with Section 7.7: Acquisition and Ownership of Buildings. • Focus on environmental contributions, “do no significant harm” principles, and minimum safeguards. • Includes decision trees, technical explanations, and adaptation examples. As #SFDR and #CSRD expand, this paper simplifies the path to sustainable alignment while addressing implementation challenges. 🔗 Download the full paper: https://hubs.li/Q02_n6fW0 #EUTaxonomy #Sustainability #RealEstate #ESG

📊 European non-listed real estate shows positive momentum: https://hubs.li/Q02_q3k60 The December INREV Market Insights highlights growing optimism in European real estate, with the Consensus Indicator reaching a record 57.8—the highest since its March 2023 debut. ✨ Key takeaways: • Retail leads sector sentiment, with a 27% net preference—the highest since December 2020. • Residential and industrial/logistics sectors delivered their best returns in nine quarters. • Spain now tops investment destinations, while Germany lags behind. While optimism grows, downside risks remain, particularly with a slowing economy and bifurcated letting markets. 🔗 Explore the full report and insights on our website. #INREV #MarketInsights #MarketTrends #RealEstate

🎉We're delighted to welcome three new members to the INREV community, Aboria Capital, KU Leuven and Manova Partners: https://hubs.li/Q02-Vsz30 💡Did you know? Our community includes 516 members and boasts 26% institutional investors. If you’re a member, you get the exclusive benefit of exploring our Membership Directory for a complete list of INREV member companies and representatives. Interested in joining INREV? Find out more: https://hubs.li/Q02-Vs600 #INREVCommunity #RealEstate #NewMembers 🌟🏢

📈 December INREV Consensus Indicator Reaches Record High of 57.8 The December INREV Consensus Indicator climbed to 57.8, marking its fourth consecutive improvement and setting a new all-time high since tracking began in March 2023. ✨ Key Highlights: • Three of five subindicators surpassed 60, with investment liquidity leading at 63.3. • The economic subindicator dropped sharply to 47.4, below the 50 ‘growth’ mark, signaling persistent downside risks. 🔗 Download the full report here: https://hubs.li/Q02-VrKR0 #INREV #MarketTrends #RealEstateInsights

The Q3 2024 performance of the INREV German Vehicles Index fell to 0.00%, down from 0.49% in Q2 2024. Key highlights for Q3 include: 📉 Publikumsfonds outperformed Spezialfonds for the eighth consecutive quarter 🌍Funds focused on Europe, excluding Germany, outperformed other geographies 📈At 0.57%, industrial / logistics outperformed all single sector specialist funds View the snapshot or full report here: https://hubs.li/Q02-V09n0 #RealEstate #InvestmentPerformance #NonListedRealEstate

The Real Estate in the Real Economy study highlights the role that real estate investment plays in addressing two critical challenges of our time: 1) providing liveable and functioning cities for a growing urban population and; 2) reducing the environmental footprint of the built environment Read the full report or infographic for insightful facts and figures: https://hubs.li/Q02-V3yD0 This joint research is supported by INREV and EPRA (European Public Real Estate Association) and updated every two years. #realestate #housing #invetsment #non-listed