(Attempts to interview several larger property management firms that frequently work with institutional investors about the Standards were met with uniformly puzzled silences.) However, with the backing of NCREIF, PREA, and NAREIM
, several key plan sponsors are already requesting that their investment managers report data according to the Standards.
The two-year effort was led by a task force representing the National Council of Real Estate Investment Fiduciaries (NCREIF), the Pension Real Estate Association (PREA), and the National Association of Real Estate Investment Managers (NAREIM).
The Real Estate Information Standards were distributed to all NCREIF, PREA and NAREIM members in June.