Education
Industry Guidelines
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overview
Aligning the industry with Best Practice Guidelines
IPA is committed to providing industry guidelines on key issues affecting alternative investments.
IPA’s industry guidelines are voluntary best practices aimed at advancing the alternatives investment industry. An established guideline development process ensures that IPA members, experts, industry participants and relevant agencies contribute to the deliberative process and influence the final content of each guideline.
Industry guidelines
Per Share Investment, Performance,
Measurement & Reporting for Publicly Registered Non-Listed REITs
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.
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Industry guidelines
Business Development Company (BDC) Performance Guidelines
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.
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industry guidelines
Valuation of Non-Listed REITs
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.
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industry guidelines
Modified Funds from Operations (MFFO) for Publicly Registered, Non-Listed REITs
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.
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