Thrilled to share that the NCREIF PREA Reporting Standards Council has officially approved the Required and Recommended Reporting Review and Update for Debt Funds project.

As the real estate credit market continues to expand, this effort will strengthen consistency, transparency, and alignment across debt fund reporting – building on the momentum of the inaugural Debt Fund Manual and the NCREIF/CREFC Open-End Moderate-Yield Debt Fund Index.

A multi-disciplinary task force will launch in the coming days to review and update the required and recommended elements of reporting housed in Volume I and enhance the debt fund reporting framework, with draft deliverables targeted for early 2027.

Looking forward to collaborating with industry stakeholders as we advance this important next step in elevating standards for debt fund data and performance reporting.