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Nonlisted REIT Group Issues Value-Disclosure Guidelines

A trade group that represents real estate investment trusts that aren’t publicly traded issued guidelines for the industry to improve and speed up the disclosure of the REITs’ valuations.

The Investment Program Association today recommended that net asset value be used as the basis for the reporting of per-share valuation, the Ellicott City, Maryland-based group said in a statement. Using that method would standardize an industry practice that has been disparate, said Kevin Hogan, chief executive officer of the association.