According to the 2016 ANREV/INREV/PREA Investment Intentions Survey, investors show a strong intention to increase their allocation to joint venture and club deals. This trend has been observed for the past few years;  clubs and JVs are sometimes seen as an alternative to non-listed real estate fund investment.

In April 2016, ANREV Professional Standards Committee hosted a round table where a number of investors and managers discussed the pros and cons of JVs, including issues of governance, reporting and structuring. The Committee would like to thank the investors and the funds managers who have participated in the discussion as well as Mark Cooper from Asia Property who kindly helped to facilitate the discussion and wrote this paper.

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