Manager Selection

Challenges

High steering complexity at institutional investors regarding the directly held real estate portfolio and continuously high investment requirement
Various external managers in different vehicle constructs
Target Return of 4% to 5% is not achieved, high steering effort and fees for external managers

For new contracts: ex ante manager assessment based on extended catalogue of criteria INREV, e.g. organisation, risk management, remuneration structures, expertise or credibility in the market
For existing contracts: ex post manager assessment based on audits and experiences currently made with the purpose of influence and establishment of negotiation power
Creation of fine conception of processes/interfaces, control mechanisms, reporting and risk management requirements
Preparation of a Roadmap for the migration: Measurement plan for quality and data assurance up to go live of new managers as well as professional manager selection process via market testing, RfI and Beauty Contest