INREV, the European Association for Investors in Non-listed Real Estate Vehicles, has today announced that its CEO, Lisette van Doorn, is leaving the association to join ING Real Estate Investment Management (REIM) Italy as its Country Manager and Fund Manager of ING Retail Property Partnership Southern Europe.
Van Doorn joined INREV in 2005 and, in the four years since, has made an outstanding contribution to the non-listed property funds industry and to the development of the Association. Over this period INREV membership has more than doubled from 150 to 319 members from 31 countries.
During her time with INREV, Van Doorn's work has been recognised by the industry, having received the IPE Real Estate award in 2007 for her outstanding contribution to the industry. She has been instrumental in establishing INREV's Guidelines, has developed the INREV Index, which increased from 87 vehicles to 224, implemented a full training and education programme and built up the association into a full working team.
Johan van der Ende, INREV Chairman, said: "Obviously we will be sad to see Lisette move on, but we wish her well with her new appointment. During her four years with INREV, she has transformed the Association, growing it from a team of two to a highly successful and professional team of 15. INREV has worked hard to aid the non-listed real estate industry in becoming an asset class in its own right. I believe this is evident in how the asset class has matured over recent years and it is obvious that Lisette has delivered an important contribution to this."
On announcing her departure, Van Doorn said:" I would like to thank INREV's members for their support and contribution during my time with the Association. It has been a pleasure to be a part of such an astounding growth period for the market and to have played a role in supporting the industry in the development of non-listed real estate funds as an asset class in its own right. I have thoroughly enjoyed my role, but feel that now is the time for me to hand over to someone else as I take up my next challenge."
In her new role at ING REIM, Van Doorn will be responsible for ING REIM Italy's 1.3 bn Italian fund and asset management business.
INREV is now actively seeking a new CEO and will make an announcement in the near future.