Priorities & Achievements

The Global REIT Alliance is an active advocate for REITs around the world.

Here is a snapshot of current priorities:

  • expansion and modernization of REIT regimes - liaise with regulators and industry advocates to establish REITs in more countries and explore opportunities to modernize existing regimes;

  • our industry’s reputation - tell fact-driven, positive stories about the ongoing economic, social and environmental contributions of the real estate industry;

  • ESG - work with governments and expert sustainability groups (such as GRESB and CRREM) to develop practical performance measurement benchmarks on ESG issues, such as carbon accounting, rating schemes and performance measurement;

  • tax - advocate on tax issues, such as OECD Pillar II - global minimum tax rates; and,

  • accounting standards - engage with international accounting standards setters to ensure common sense approaches that recognise the unique features of securitised investment vehicles.

    For instance, IFRS 18 - disclosure requirements in financial statements, IFRS 16 - leases, the Management Commentary Project, and protocols relevant to the nexus between financial and sustainability-related information reporting.

Here are a few historical achievements of REESA, the GRA’s predecessor:

  • submissions to government regulators on best practice REIT frameworks;

  • an inaugural Global REIT Congress in 2021, with more than 100 participants from 30 countries.;

  • multiple submissions to the International Accounting Standards Board and Financial Accounting Standards Board;

  • submissions to the International Standards Sustainability Board and similar groups;

  • submissions to the OECD secretariat on international tax rules (Pillar II, Global Minimum Tax, etc);

  • submissions on the Alternative Investment Fund Managers Directive (AIFMD);

  • consultation on GRESB’s standards, strategic direction and governance;

  • discussion papers on FFO (Funds from Operations) guidelines; and,

  • participation in dozens of REIT events hosted by regional and national industry bodies.