This ANREV Vehicles Universe document provides data on 371 vehicles with a total gross asset value (GAV) of US$ 257.6 billion as of Q4 2020. Data on 245 vehicles (total GAV US$160.6 billion) was extracted from the ANREV Vehicles Database. Data on the remaining 126 vehicles came from secondary sources.

If you have any questions, please contact Daisy Huang or Justin Wong.

•The ANREV Annual Fund Index delivered its lowest performance since the GFC, with an annual return of 0.8%, down from 7.8% in 2019

Data contributions were received from 90 funds with a total gross asset value of US$136.3 billion. Further detail of the sub-indices which cover fund style and various geographies can be found in the full report.

We would like to thank all the companies that supported the data collection exercise and look forward to your continued support in the next round of data collection.

If you have any questions about the ANREV Index or want to take part in this industry-led initiative, please contact Daisy Huang or Justin Wong.

Another step for transparency: Further clarity around AUM

Within the non-listed real estate industry, the definitions, calculations and uses of ‘Assets Under Management’ (AUM) vary significantly. As such, INREV, ANREV and NCREIF PREA Reporting Standards together with the Global Standards Steering Committee (SSC) have conducted a high level research to assess the current definition and use of AUM including calculation methods. The research results provide a clear overview of each component considered by investment managers used to calculate AUM and reflects the main differences in approach.

As a next step, the SSC intend to release a disclosure tool to facilitate reporting of the main AUM component. 

The fifth consultation release of the Global IRR Index includes 319 funds with non-core strategies, comprising of 276 value added and 43 opportunity funds.

Key highlights:
> This Global IRR Index release features 77 Asia Pacific, 105 European and 137 US funds
> Funds launched in 2017 and 2018 delivered average IRRs of 7.0%, the weakest performances of all funds launched post 2009

The seventh net / gross return report shows a 3-month total gross return of 2.08% for the period between January and March 2021.
 
The net / gross return report is a supplementary report to the ANREV Australia Core Open End Fund Monthly Index (ACOE) published one month after every quarter showing aggregated gross returns of the 19 ACOE funds.

Please contact Daisy Huang or Darren Cheung if you have any questions regarding the Index.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 1.14% in March 2021. The ACOE includes 19 funds with a total GAV of AUD 113.77 billion.

The ACOE Index also reports data on geographic allocation by sectors.

Please contact Darren Cheung or Daisy Huang if you have any questions regarding the Index.

ANREV has launched the fifth release of the ANREV ODCE Asset Level Performance Consultation Report.

The ANREV Asset Level Performance Report is not an index as the coverage is limited to assets held by 7 funds with a pan Asia core open end strategy.

The ANREV Asset Level Performance Report results are based on asset level data that is provided to ANREV directly from managers. Data collection starts immediately after a quarter has ended for a period of up to 6 weeks after quarter end.

Please provide feedback and comments to Justin Wong or Amélie Delaunay.

With the popularity of the Asia Pacific non-listed real estate market continuing to increase, it is timely to assess how much capital is entering the market and what this figure represents on a global basis.

The Capital Raising Survey was first launched in 2014. This survey gives an insight into capital raising activities within the non-listed real estate industry by region, product type and investment strategy. The non-listed real estate products include separate accounts, joint ventures, club deals, funds of funds and non-listed real estate debt products. The report offers detailed insights into global and regional capital raising figures.

The 2021 survey attracted the participation of 127 fund managers from 26 countries across Asia Pacific, Europe and North America.

Capital was sought for 699 vehicles which equate to a minimum of US$150.7 billion of new equity raised for investments into non-listed real estate.

The Asia Pacific region attracted US$26.2 billion of new capital.