Publications

- April 1, 2020: Vol. 32, Number 4

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What U.S. investors should know about TGER reporting

by Marybeth Kronenwetter

Total Global Expense Ratio was fully incorporated into the 2020 edition of the NCREIF PREA Reporting Standards. The effective date of the 2020 Reporting Standards is for fiscal years beginning after Dec. 15, 2019. For open-end funds, compliance with the Reporting Standards requires first reporting of TGER for the year ending Dec. 31, 2020. For closed-end funds, compliance with the Reporting Standards requires reporting of TGER for funds launched in 2019 and beyond. TGER is most meaningful within closed-end funds on an annual basis over the life of the fund. (See “Global standards for a global world.”)

The NCREIF PREA Reporting Standards is a joint initiative with a specific mission to establish, manage and promote transparent and consistent reporting standards for the real estate industry in the United S

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