The nomination period to identify new members for the NCREIF PREA Reporting Standards Council is now open through August 31, 2022. New appointees will serve an initial three-year term beginning November 1, 2022. 

The mission of the Reporting Standards initiative is to manage and promote transparent and consistent reporting for the real estate industry that facilitates investment decision-making. Over the years, the Reporting Standards have become the “go to source” for reporting in the investment real estate industry. We attribute our success to the strength and dedication of the Reporting Standards Board and Council and the many industry volunteers from the NCREIF and PREA memberships; as well as our successful collaboration efforts with other standard setters (e.g., FASB, CFA GIPS®, Appraisal Institute and Foundation) and industry associations pursuing similar efforts (e.g., INREV, ANREV, ILPA). 

The current edition of the Reporting Standards (RS 2020) includes the first global standard, Total Global Expense Ratio (TGER); and addresses complex issues of particular importance to closed-end fund managers including performance measures and valuation practices. RS 2020 has been well received in the marketplace. We are currently in the next phase of our evolution where, in addition to providing guidance to implement our current standards, we are making our footprint in the following areas:

  • Reporting Standards for private debt fund investments
  • Developing principles and guidance related to reporting ESG information for the private real estate industry
  • Creating a standardized global Due Diligence Questionnaire
  • Developing guidance to enhance comparability of component returns when benchmarking to NFI-ODCE
  • Developing best practices surrounding asset and investment level reporting
  • Along with INREV and ANREV, continuing to develop global reporting standards
  • Increasing awareness through education, advocacy, and promotion.

The Reporting Standards Board is looking for candidates who want to take a leadership role in the industry and are ready to make an impact.   

Seasoned institutional real estate professional members of NCREIF and PREA who possess discipline specific expertise and an interdisciplinary perspective are encouraged to complete the Nomination Form.  In addition, nominations for qualified candidates may be submitted from NCREIF committees and PREA affinity groups. Click here for more information about the qualifications and responsibilities of Council members.

The Reporting Standards Board expects to complete the selection process the week of September 14th and nominees will be notified of the Board’s decision shortly thereafter. New Council members will be asked to join the Council during its fall meetings at the NCREIF Conference in Orlando, Florida November 14th – 17th. 

Please submit completed nomination forms by August 31st or direct any questions relating to the nomination process to Jamie Kingsley, Director of the Reporting Standards.

More information on the Reporting Standards can be found at www.reportingstandards.info and by following our LinkedIn page.