European non-listed real estate funds are rapidly increasing the visibility of their fee structures, improving understanding and transparency for investors and fund managers, a study from industry body INREV shows.
The fifth annual Management Fees and Terms Study attracted responses from 243 non-listed property funds, 50% of the available universe. In 2007, 160 funds responded to the study.
"We've seen a big increase in the number of funds providing detailed information on their fees. This demonstrates a growing appetite in the non-listed property funds industry to understand fees, terms and costs for different structures and to improve overall transparency in this area," said INREV Acting Chief Executive Andrea Carpenter. The survey sample of 243 funds totals GAV of