INREV - Standard Data Delivery Sheet (SDDS)

The framework is primarily designed for investment managers and investors in the non-listed real estate and alternative investment industry. It facilitates streamlined, standardized reporting and data exchange between these parties.

The SDDS aligns with broader INREV Guidelines, incorporating specific industry metrics such as the INREV NAV reconciliation, Total Global Expense Ratio (TGER), and Real Estate Expense Ratio (REER). It standardizes how these real estate-specific performance metrics are reported, bridging the gap between statutory accounting standards and alternative investment practices.

The SDDS data structure is organized into four main components: vehicle_data (covering terms, NAV reconciliation, financing, and performance), investor_data (detailing individual ownership, fees, and returns), portfolio_allocation (breaking down exposure by country and sector), and asset_data (providing granular property-level metrics like valuation, occupancy, and lease terms).

Yes, the standard includes a dedicated 'green_credentials' section at the vehicle level. This allows managers to report metrics such as GRESB scores, INREV sustainability reporting compliance, best practice adoption scores, and whether a specific ESG SDDS has been submitted.

Managers can adopt the standard by mapping their internal data systems to the SDDS JSON schema or the official Excel templates (such as SDDS 4.0). Implementation is supported by the INREV Wiring Guide, which helps firms accurately populate data fields across vehicle, investor, and asset levels to automate and streamline delivery to investors.