By Sally Ann Flood, Deloitte & Touche LLP, Chair of the Reporting Standards Council

For years, real estate investors have struggled to make sense of the various data points and reports they receive from investment managers. How do investors analyze different managers reporting similar data in diverse ways, using key terminology with slightly different meanings and performance or operating metrics calculated employing different methodologies? Such inconsistencies can result in frustration when investors analyze their existing portfolios or evaluate new investment offerings for inclusion in their real estate portfolios. The evolution into a global investment landscape magnifies these differences, making an insightful comparison of investments in the US, Europe, and Asia a challenging task. Similar challenges exist when trying to select from competing investment options from numerous investment managers, whether foreign or domestic. Some investors have set up internal teams, at great expense, to try to reconcile these differences. But what if investors could receive standardized data and reporting for their real estate investments?

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Source: PREA Quarterly Fall 2018