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NCREIF
Welcome to the NCREIF Fall Conference
N o v e m b e r 1 8 - 2 1
M i a m i B e a c h , F l o r i d a
Town Hall of MembersT h e r e i s a l o t g o i n g o n a t N C R E I F
• NCREIF Strategic Plan Progress• Membership Review
• Information Management Platform
• Conference Enhancements
• Education
• Governance
• Global Collaboration
• Staff Introduction & Questions
2
Strategic PlanF o u r S t r a t e g i c P r i o r i t y A r e a s
3
Stakeholders“Who we are”
Program of Work“What we do”
Economic Model“How we grow”
Governance“How we lead”
Membership Overview
• 350 Total Members
• 44 New Members for 2019
• Data Contributors – 14
• Professionals – 18
• Plan Sponsors – 3
• Academic - 11
31%
17%
36%
16%
Data Contributors Plan Sponsors Professional Academic
4
2 0 1 9 M e m b e r s h i p C o u n t s
P r o j e c t G o a l s
Membership Realignment
• Review existing categories and realign to current industry requirements• Legacy membership category requirements
• Membership vs Data Use vs Licensing
• Product utilization
• Finalize new categories spring 2020
• Communicate to membership in July
• Work with managers to transition to new categories for 2021
Technical Platform
• Collection Workflow• Communication streamlined
• Expanded validation process
• Better visibility & control of data
• Historical access to data, returns & performance
• Collection API integration available
K e y F u n c t i o n a l i t y I m p r o v e m e n t s
B e c o m e t h e p r e m i e r I n f o r m a t i o n M a n a g e m e n t O r g a n i z a t i o n i n t h e P r i v a t e R e a l E s t a t e I n d u s t r y.
• Access to information• Custom data pulls
• Personalized member homepage
• API access to aggregated data
• Advanced Analytics• New Query Tool: All data
• Improved usability
• Integrated CRM• Advanced permissions
• Improved management of member data
Index and Benchmark Expansion• CEVA Launched Q2 2019
• Expand offering to provide detail spreadsheets
• Historical funds loaded to expand vintages
• Opportunistic• Task force to assemble early 2020
• Leverage existing CE report & collection template
• Attribution• Rollout relative report for ODCE managers in Q1 2020
• Additional funds late 2020
• Debt• Task force to continue to develop data requirements & report
• Targeting initial report for task force mid 2020
• Distribution is to be determined
Team Staff Structure
Jeanine Olson Joe D'Alessandro
Data Collection & Validation
Product Production
Product Automation
IT Operations
Application Development
Product Governance
New Product Development
Product Task Force Facilitation
Information Management Performance Measurement
New staff planned for Information Management & Performance Measurement
Attribution Management
C o n d u c t H i g h Q u a l i t y C o n f e r e n c e s
Conference Enhancements
• Planning Enhancements• Multiple conferences being planned at a time
• Continue to leverage Conference Chairs
• Expand to Conference Planning Committee
• Continue to enhance Breakout Sessions• Technology Series
• Hot industry topics
• Conference App• All Digital
• Interactive Polling
Revamp conferences to provide relevant content, education, networking and advance member initiatives.
P r o g r a m G o a l s
Solutions Expo
• Respond to members' needs for solutions to business challenges
• Design a program to facilitate education around service providers in the market today
• Works with Committees on areas of interest
• Annual event planned for launch Winter Conference in AZ 2020
Maintain Culture of Non-Marketing!
Members Non-Members
• Altus• REIX• Chatham• Juniper Square• MRI• RealFoundations• RealPage• RERC• Yardi Systems
• Anaplan• Burgiss• Diligence Vault• Dynamo• Investran• Qlikview• Qvidian• Salesforce• Tableau• VTS• XTP
C u r r e n t I n v i t e e s
Solutions Expo
• “Investment Software Solutions”
• 20 firms invited to date
• More rounds of invites planned in coming weeks.
E x p a n d & E n h a n c e I n d u s t r y O f f e r i n g s
NCREIF Education
• Six courses today• Introduction to Institutional Real Estate
• Asset Valuation and Investment Analysis
• Benchmarking, Attribution, and Risk Analysis
• Institutional Portfolio Construction and Strategy
• Space Market Analysis
• Structuring of Institutional Investment Vehicles
Potential Expansion• NCREIF Tools Through the Investment
Lifecycle
• CRE Accounting for the Non-Accountants
• Alternative Alternatives: Farm / Timber / Infrastructure / Debt / Seniors, etc,
• Data Governance Best Practices
• Research Tools of the Trade
• Global Real Estate Investing
P a r t i c i p a t i o n G r o w i n g
NCREIF Education
2015 2016 2017 2018 2019
With 1 Course 14 31 46 61 79
With 2 Courses 13 17 56 107 102
With 3 Courses 6 20 20 26 44
With 4 Courses 0 3 7 14 15
With 5 Courses 0 0 2 5 8
With 6 Courses 0 0 1 2 12
0
50
100
150
200
250
300
Governance
• Develop Member Resource Guide• Organize documentation
• Enhance with approval workflows and governance
• Complete and Manage Initiative Grid• Including Reporting Standards (RS) projects, we have 87 Initiatives on our Grid.
• 61 are non-RS, Staff, with Feedback Review
• 45 of those require approvals.
• 6 are already approved and pending implementation
• 39 remain in various stages of their own Approval Process.
Optimize Organizational Structure and Rules of Engagement with Top-Down & Bottom-Up Considerations
D a t a P r o d u c t s
Global Collaboration
Annual Fund Index
Quarterly Fund Index
IRR Index
GREFI
Vehicles Universe
Funds of Funds Universe
• Australia Core OE Monthly Fund
Index
• Fund attribution performance
report
• Fund Attribution Performance
Report
• Farmland & Timberland Asset
• & Fund Indices
• Asset Trends & Opereational
• Benchmarks• German Vehicles Index
• Global Investor Index
Annual Fund Index Annual Fund Index – Open-end
Quarterly Fund Index
IRR Index
Vehicles Universe
Debt Funds Universe
ODCI – pan Asian funds NFI - ODCE
Assel Level IndexAssel Level Performance Index for
ODCIAssel Level Index
Quarterly Fund Index – Open-end
IRR Index – Closed-end Value-Add
ODCE
F u t u r e E f f o r t s
Global Collaboration
• Data Product Development • Global IRR
• Global ODCE
• Global property level returns• Methodology alignment
• Establish Global Data Product Task Force• Comprised of 2-3 member representatives from each organization
• Responsible for:• New product development
• Existing product enhancements
• Product Policies
• Methodologies
G l o b a l I R R
Global Collaboration
NCREIF Staff
Jeanine Olson Joe D'Alessandro Stacy Gaskins Ray Belliveau Fabiana Lotito
Business Development
Member Relations
Marketing Education Services
Conferences
Committee Management
Business Operations
Compliance
Communications
Event Planning
Data Collection & Validation
Product Production
Product Automation
IT Operations
Application Development
Product Governance
New Product Development
Product Task Force Facilitation
Data Management Performance Measurement Membership Operations Member Services Program Management
Attribution Management
