The European Association of Non-listed Real Estate Vehicles (INREV), has announced that Matthais Thomas, its chief executive officer (CEO), is to step down in the fall.
Thomas joined INREV as CEO in August 2010 and since joining the organization he has been responsible for introducing several key new initiatives, including focused public affairs; a global research agenda; and an expansion of the performance indices to add to the existing quarterly and global indices. Over the past seven years, Thomas has also overseen the successful development and growth of INREV, which has seen almost 400 firms join the organization.
Thomas will continue working for INREV until September, when he leaves to join an undisclosed real estate management company based in Berlin.
Prior to joining INREV, Thomas was a managing director at Investment Property Databank (IPD) from 1998 until 2010.
“Matthias has played a pivotal role overseeing a strong INREV team focused on delivering a very high standard and broad range of services and events for our membership and ensuring that the association is at the forefront of thought leadership and research to support the development and growth of our industry in Europe and beyond,” said INREV chairman, Neil HarrisA spokesman for the INREV management board said it was intending to find a replacement CEO prior to Thomas’ departure in September.