Finding reporting best practices at the asset level. NAREIM roundtable with Equus, Nuveen, NCREIF
The NCREIF PREA Reporting Standards initiative was launched in 1993 for the purpose of providing consistent reporting of information within the NPI.
Since then, the Reporting Standards have created a global database of definitions, agreed how to report fee and expenses worldwide, streamlined methodologies and much more while remaining true to the mission of comparability and transparency within reported information. The impact hasn’t just been felt in the back offices of real estate investment management firms, but by transaction, portfolio and asset managers and institutional investors alike.
Standardization may feel like a somewhat dull topic, but it’s critical to understanding exposures and therefore risk.
The Reporting Standards is now expanding its work to look at asset and investment-level performance and attribution reporting.
John Caruso of Nuveen Real Estate, Marybeth Kronenwetter of NCREIF and Joseph Nahas, Jr. of Equus speak with NAREIM about the Reporting Standards’ new task force to create best practices around asset-level reporting, where some low-hanging fruit potentially lies and what the benefit to investors and managers will be.
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First published in NAREIM Dialogues Spring 2021, published in association with IREI.