AREF fund members must confirm their compliance with our Code of Practice. Effectively, this is our equivalent to the globally successful Stewardship Code. We believe this takes managers of real estate funds beyond mere statements of intent, to a demonstrable commitment to the highest standards in corporate governance and transparency.
Funds that make this commitment can now display our Quality Mark too, with a new one awarded each year. This makes it easier for investors and their advisers to discern which funds are and, perhaps more importantly, which are not, complying with the AREF Code of Practice.
Furthermore, as AREF promotes ‘best practice’ wherever possible, we publish a matrix which clearly shows how all member funds are performing with regards to their level of compliance with the various elements of the Code of Practice. Given the heightened focus on governance amongst investors, we trust they will be reassured that AREF expects the highest level of governance from members of the association.
Look for funds with the AREF Quality Mark!