The NCREIF PREA Reporting Standards (Reporting Standards) represent a long-standing commitment to improving transparency, consistency, and comparability in private real estate investment reporting. For over 30 years, these standards have served as the authoritative framework for institutional private real estate reporting, widely recognized as the industry benchmark.

Co-Sponsored by the National Council of Real Estate Investment Fiduciaries (NCREIF) and the Pension Real Estate Association (PREA), the standards were shaped through extensive input from stakeholders across the industry, including investors, investment managers, consultants, and service providers. As such, they reflect a framework created by the industry, for the industry, grounded in practical application and broad consensus. Their continued evolution reflects the collective priorities of the private real estate investment industry.

NCREIF PREA Reporting Standards

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