The National Council of Real Estate Investment Fiduciaries (NCREIF) and the CRE Finance Council (CREFC) released their second quarter NCREIF/CREFC Open-End Debt Fund Aggregate: Consultation Edition.
The report will be issued in a draft ‘consultation’ format for at least one year, with the goal of obtaining industry feedback to be incorporated before it is introduced as an official industry product.
NCREIF and CREFC believe that the Open-End Debt Fund Aggregate will serve to enhance investor interest and understanding of the rewards and risks of private real estate deb