Coronavirus

The vehicle’s limited partners, including Azora and BNP Paribas Real Estate, are betting on technology to help them become better property investors.

Real estate went against the trend, with the average top bid dropping from 81.04% of NAV to 79.88%, according to data from the intermediary.

The London-based manager has decided a market boasting 7% yields is worth buying into, despite its high vacancy rate and today’s general uncertainty towards the sector.

The region’s diversity of currency, regulations and valuation approaches are among the obstacles to making performance reporting more uniform.

For the industry groups spearheading the global initiative to standardize reporting, the pandemic has created new reporting requirements that may remain for the long term.

The covid-19 crisis has accelerated two different shifts in how properties with a space-as-a-service component will be valued.

Firms are prioritizing transparency and maintaining comprehensive, highly detailed data as investor reporting requests mount during covid-19.

Capital providers are seeing writedowns in their portfolios and accepting that valuations and underlying assumptions will vary during this uncertain time.

With so little clarity on property values during covid-19, appraisers are relying more on anecdotal commentary and getting creative to gain more market insight.

How does the private real estate industry measure performance when the pandemic has made valuing assets so difficult?