(i) Formation and evolution

The Global REIT Alliance was originally established in 2006 under the name Real Estate Equity Securitization Alliance (REESA).

In 2025, it was rebranded as the Global REIT Alliance (GRA) to reflect its expanded mission and global reach.

(ii) Mission

The Global REIT Alliance seeks to advance the understanding, adoption and evolution of Real Estate Investment Trust regimes as a trusted investment asset class.

(iii) Definition of “real estate and “REIT”

Real estate encompasses an expanding universe of physical property types that enable economic activity, community well-being, and nation-building.

This includes land and facilities, such as:

A real estate investment trust (REIT) is an entity that owns, finances, develops or operates real estate assets to generate returns through rental income and capital appreciation.

REITs provide investors of all types with access to professionally managed real estate portfolios, offering regular income streams, diversification, and long-term capital appreciation.

While the legal or statutory name for REITs may vary by country, 'REITs' are a globally recognized investment platform and a widely adopted market brand.

(iv) Objectives

The Global REIT Alliance is committed to pursuing the following six objectives:

 Raise global awareness: enhance worldwide understanding of the benefits of securitized real estate and advocate for modern REIT investment markets.

 Forge a global network: provide a platform for REIT leaders to actively share advocacy strategies, insights on market trends, investor outreach programs, and intellectual property.

 Influence public policy: assist in educating global policymakers on contemporary REIT policy frameworks.

 Guide standards setting: collaborate with governments and industry stakeholders to develop voluntary standards and benchmarks well-suited to the REIT industry's role in the broader economy and society.

 Lead on sustainable investment: champion industry initiatives that advance environmental stewardship, social responsibility, and good governance within an ethical investment framework.

 Encourage an informed marketplace: partner with stakeholders to produce and disseminate high-quality data on the REIT marketplace, including trends, industry practices, and performance.

(v) Membership structure

The Global REIT Alliance offers the following membership categories:

 Founding Members: comprising the original seven REESA members.

 Country Members: non-profit industry bodies representing countries or regions that champion REITs.

 Emeritus Members: individuals appointed by the Executive Board on a basis to be determined.

Membership is by invitation and is offered following a resolution of the Global REIT Alliance Executive Board.

The Executive Board may develop further categories of members.

The Executive Board is empowered to determine membership term lengths and other membership rules, such as good standing requirements.

(vi) Governance structure and strategic review cycle

The Global REIT Alliance comprises:

 An Executive Board; and,

 Advisory Board.

During the first three years of the Global REIT Alliance following its launch, the Executive Board will comprise the Founding Members.

All other members will sit on the Advisory Board.

Each founding member nominates an individual to represent their organization at Executive Board.

The Executive Board oversees strategic decisions, membership applications, the overall direction of the Alliance and decisions to act in concert on advocacy, research, public affairs or other agreed projects.

The presiding chair of the Executive Board rotates based on the host of the bi-annual meetings.

The Executive Board also oversees a tri-annual strategic review involving all members that will address the organisation’s mission, activities, membership philosophy and rights, corporate structure, and governance.

The structure and composition of the Executive Board will be considered during the first tri-annual strategic review, to be held by December 2028.

The Global REIT Alliance operates by forging a clear consensus amongst its members.

There are no formal voting rules; however, a voting structure may be considered during a future strategic review.

It is anticipated the Executive Board will meet twice yearly, and the Advisory Board will meet at least annually (physically or virtually).

(vii) Intellectual property (IP) rights

The intellectual property (IP) showcased by the Global REIT Alliance will be owned by the member who created it. However, the Alliance may release new shared IP under an IP Commons arrangement to facilitate broader access and utilization among members. Any shared IP must be clearly identified and agreed upon by the Executive Board before dissemination.

(viii) Financial management and budgeting

The Global REIT Alliance will operate on a low-cost basis, leveraging volunteer contributions and partnerships with like-minded organizations.

The Executive Board will prepare and adopt an annual budget where necessary to ensure the Alliance's financial resources are allocated effectively to support its mission and activities.

(ix) Amendment procedures

This Charter may be amended by the Executive Board via a process it may set and vary from time to time.

(x) Dissolution clause

The Global REIT Alliance is an unincorporated entity.

If it is dissolved, its remaining assets, after the satisfaction of all liabilities, shall be distributed to a non-profit organization with similar objectives, as determined by the Executive Board at the time of dissolution.

END OF CHARTER