Larger European non-listed real estate vehicles exhibit lower expense ratios

Europe
On the 10.08.20 at 8:12AM

by

Tuba Raqshan

Vehicles with over €1bn gross asset value (GAV) recorded a notably lower Total Expense Ratio (TER) compared to smaller vehicles (less than €500m GAV).
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Larger vehicles had a lower average TER (based on GAV and before performance fees) at 0.62%, compared with a 1.18% equivalent for smaller vehicles, according to the INREV Management Fees & Terms Study 2020.

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