INREV Panel on the Education Requirements of the Indirect Investment Market Matthias Thomas CEO, INREV 7th Annual ERES Education Seminar.

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INREV Panel on the Education Requirements of the Indirect Investment Market Matthias Thomas CEO, INREV 7th Annual ERES Education Seminar

THE REAL ESTATE CAPITAL MARKETS PRIVATE PUBLIC Direct real estate Non-Listed real estate vehicles JVs REITs Listed Property Companies Derivatives Other public real estate Other public equity EQUITY Mortgages NPL Commercial mortgage backed securities Property company corporate bonds Covered bonds DEBT

MARKET GROWTH Source: Vehicles Database November 2011 Updates <2009 INREV/IPD 2009 onwards INREV