The nomination period to identify four new members for the NCREIF PREA Reporting Standards Council is now open through September 1, 2024. New appointees will serve an initial three-year term beginning November 1, 2024. 

The mission of the NCREIF PREA Reporting Standards (Reporting Standards) initiative is to establish, manage, and promote transparent and consistent reporting for the real estate industry to facilitate informed investment decision-making. Over the years, the Reporting Standards have become the “go to source” for reporting in the real estate investment 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). 

Evolution of the Reporting Standards continues where, in addition to providing guidance to implement our current standards, we are making our footprint in the following areas:

  • Phase II of Reporting Standards for private debt fund investments
  • Creating a standardized Due Diligence Questionnaire tool
  • Expanding 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. Please see below for more information about the qualifications and responsibilities of Reporting Standards Council members.

The Reporting Standards Board expects to complete the selection process by the end of September and nominees will be notified of their decision shortly thereafter. New Council members will be asked to join the Reporting Standards Council during its fall meetings at the NCREIF Conference in Hollywood, Florida October 15-17th.

Please submit completed nomination forms by September 1st or direct any questions relating to the nomination process to Jamie Kingsley, Director of the Reporting Standards at jkingsley@ncreif.org.

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

Reporting Standards Council Member Qualifications

  • Subject matter experts within their respective disciplines while also possessing knowledge and understanding across other disciplines,
    • Minimum 7-10 years relevant institutional real estate industry experience and currently active in the real estate industry,
    • The Reporting Standards Council will have at least one member who is employed by an investor organization,
    • Considerations for Reporting Standards Council composition include, but are not limited to the following professional designations and/or current employment:
      • Certified Public Accountant
      • Chartered Financial Analyst (CFA), (with a preference to the Certificate in Investment Performance Measurement (CIPM) designation)
      • Member, Appraisal Institute (MAI)
      • Institutional Investor Consulting firm,
    • Active participation in at least one Sponsoring Organization’s committees/activities over a minimum 5-year period (e.g., committee chair or vice chair; etc.) is a guideline, but not a requirement,
    • All Reporting Standards Council members must be willing to commit the time required to adequately perform duties of membership including regular and active participation in monthly meetings and Task Forces.

Reporting Standards Council Responsibilities

  • With advice and input from the Reporting Standards’ Board, assisting in the development of the Strategic Plan including Annual Initiatives and Special Projects,
  • Improving the usefulness of reporting in the institutional real estate investment industry,
  • Keeping the Reporting Standards current considering changes in Foundational Standards and other changes in related business and economic conditions,
  • Working collaboratively with the Sponsoring Organizations’ membership and seeking input from them on potential changes or modifications to the Reporting Standards,
  • Reviewing and recommending to the Reporting Standards Board changes and modifications to the Reporting Standards,
  • Chairing and/or serving on the Reporting Standards Task Forces,
  • Serve as a liaison between the Reporting Standards Council and Sponsoring Organizations’ membership committees (NCREIF) and/or affinity groups (PREA) as well as industry partners (such as INREV, ILPA, CFA Institute, etc.),
  • Assisting the Reporting Standards Board, as appropriate, in its various responsibilities including promoting the Reporting Standards, educating the industry, and developing new Reporting Standards-related initiatives.