Valuation Committee Meeting Notes

摘要

The National Council of Real Estate Investment Fiduciaries' (NCREIF) 2009 Winter Conference took place in Salt Lake City, Utah, March 10-12. The initial session focused on updating committee members on industry issues impacting NCREIF's Valuation Committee members, as well as the valuation profession in general.rnAfter a welcome from Committee Chair Stanton West, MAI (State Teachers Retirement System of Ohio), Marybeth Kronenwetter, the REIS (Real Estate Information Standards) administrator, reported on an exposure draft being developed by NCREIF in response to Global Investment Performance Standards (GIPS) 2010.rnTo provide some background, GIPS are administered by the Chartered Financial Analyst (CFA) Institute. The GIPS set performance measurement standards that are used by many non-U.S. companies and a number of U.S. companies that have global interests.