New in the Spring 2026 PREA Quarterly

The Spring 2026 edition of the PREA Quarterly features an in‑depth article on the continued evolution of NCREIF PREA Reporting Standards, with a particular focus on private real estate debt.

As institutional capital flows into credit strategies accelerate, the industry faces a growing need for clearer, more consistent reporting frameworks. The article outlines how the Debt Fund Manual (DFM) and the NCREIF/CREFC Open‑End Moderate‑Yield Debt Fund Index are advancing transparency, improving comparability, and supporting more informed risk assessment.

Key themes include:

• Principles‑based guidance to improve disclosure quality
• Enhanced visibility into risk metrics, valuation practices, and loan modifications
• A collaborative, consultative approach to building durable reporting standards for the next phase of market growth

Recommended reading for institutional investors, managers, consultants, and anyone engaged in reporting, benchmarking, or governance within private real estate credit.

Access the full article here.

Access the Spring 2026 edition of the PREA Quarterly here: https://www.prea.org/publications/quarterly/