Providing key expertise, educational resources, and industry insights

This industry guideline offers direction to management teams, advisors and boards on evaluating operating performance using a supplemental measure known as Modified Funds From Operations (MFFO). It seeks to improve consistency, transparency and uniformity in financial reporting across the non-listed REIT sector.

This industry guideline provides direction to management teams, advisors and boards of publicly registered, non-listed REITs on valuing their securities. It aims to enhance uniformity, consistency, and transparency in financial reporting by detailing valuation procedures, ensuring independence in valuation processes and outlining the timing and reporting of valuations.

This industry guideline offers guidance for publicly registered, non-listed Business Development Companies (BDCs) on presenting performance figures and disclosures. It details how to accurately report performance, reflecting the unique attributes of non-listed BDCs that lack readily available market prices typical of traditional securities.

This industry guideline offers guidance to management teams, advisors and boards of directors of non-listed REITs on how to calculate and report investment performance on a per-share basis, applicable to operational non-listed REITs and those that have undergone a liquidity event.

Two leading academics have released a groundbreaking study—undertaken with IPA financial support and data provided by Robert A. Stanger & Company—that compares the risk-adjusted performance of non-listed NAV REITs to public real estate, equity and bond indices.

IPA’s Technology, Innovation, and Operations Committee has released a outlining technology adoption recommendations for wealth managers, spurred on by massive growth and innovation within the space.