ANREV is now collecting investor reporting documents for its fifth Review of Investor Reporting Trends 2015, a survey of non-listed real estate funds in the Asia Pacific Region.

This project, which is again being undertaken in co-operation with PwC aims to analyse non-listed real estate funds’ investor reporting to determine the extent to which they comply with the INREV Guidelines on annual and interim reporting and to identify the current market best practices for this topic in Asia-Pacific.

In order to assess compliance with INREV Guidelines, we would like to invite you:

• To fill the self-assessment questionnaire: Guidelines_Compliance_Checklist.
• To send  your latest audited annual reports and interim reports before 26 June 2015, together will all other relevant communications sent to investors (i.e.: presentations, webcasts, investor portal access on website, ad hoc reporting on INREV NAV)

Each manager may determine what documents to submit, depending on how they report to investors, and where information relevant to the Guidelines is presented.  It would be preferred that Managers submit their Q4 quarterly report, if one is issued to the same date as audited financial statements.

As with previous Investor Reporting studies, participating fund managers will be provided with high-level individual feedback on the reporting performance of their funds and areas for potential improvement, along with a follow up physical meeting or phone call to discuss the findings and comparison to their peers.

To preserve confidentiality, your reporting documents should be submitted directly to PwC (contact details below). All information submitted by fund managers for the purposes of the study will be treated confidentially. ANREV management may also attend some feedback meetings unless a participant requests them not to. More information about PwC and their assurance on confidentiality are provided below.  

We would therefore appreciate it if you could send the latest audited annual reports and quarterly investor reports for your non-listed real estate funds to us as it becomes available at the address below, before 26 June 2015.

Private & Confidential

PwC

21/F, Edinburgh Tower

15 Queen’s Road, Central

Hong Kong

Attention: Stanley Tam

E-mail: [email protected]

If you have any questions with regard to the project please do not hesitate to contact the PwC project leader, Mr. Paul Walters, or myself.

We look forward to receiving your responses.