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.