Real Estate Information Standards
The Real Estate Information Standards were developed through the cooperative efforts of PREA, the National Association of Real Estate Investment Managers (NAREIM), and the National Council of Real Estate Investment Fiduciaries (NCREIF) to "increase the consistency with which (real estate) investments are evaluated and reported." The Standards are reviewed each year and revised or amended as necessary.
REIS Council Nomination Period Now Open
The Real Estate Information Standards (“REIS”) are actively supported by PREA and the National Council of Real Estate Investment Fiduciaries (NCREIF) to "increase the consistency with which (real estate) investments are evaluated and reported." On an annual basis, there is an industry-wide call for nominations to the REIS Council.
Attached is a nominating form for REIS Council members, and is a summary of required qualifications and related responsibilities. The nomination period has started and will end on August 15. There are 5 seats to fill. Four 3-year terms and a 1-year unexpired term. I encourage you to nominate qualified candidates. Anyone (exclusive of REIS Board members and employees of NCREIF, PREA and its independent contractors) can nominate a qualified individual. Self nominations are also welcome. I encourage you and your organization to get involved. Completed nomination forms can be submitted to Marybeth Kronenwetter, the REIS Administrator via email (marybeth@reisus.org).
REIS Debt Exposure Draft
- One page Synopsis of the exposure draft entitled: Proposed Revisions to REIS for Debt Liability Valuation
- Exposure draft: Proposed Revisions to REIS for Debt Liability Valuation
The comment period runs through September 7, 2010. It is critical that we receive as much feedback as possible. This exposure draft acknowledges inconsistency in debt valuation practices, recommends certain disclosures and introduces a new concept – REIS Net Asset Value (REIS NAV). The changes are intended to facilitate comparisons across funds and promote and enhance compliance and verifiability of the REIS standards. Comments can be submitted to Marybeth Kronenwetter, the REIS Administrator via email (marybeth@reisus.org).
Real Estate Information Standard – Monthly Updates - August 2010
Highlights
- Ken Greguski, Director, Head of Global Performance and Client Reporting, RREEF selected by REIS Board to chair REIS Council beginning November 1, 2010.
- REIS Board approves new Council members beginning November 1, 2010
- Debt Liability Valuation Exposure Draft available for public comment through September 7
- REIS responds to FASB Proposed ASU Fair Value Measurements and Disclosures-Amendments to Common Fair Value Measurements and Disclosure Requirements in U.S. GAAP and IFRS
The introductory materials to the Standards may be found on the PREA web site. For a complete copy of the Real Estate Information Standards choose from the formats below, or contact PREA at prea@prea.org to request a hard copy.
The following portions of the Real Estate Information Standards are available online.
Other REIS Documents
Click here to download the Real Estate Information Standards
