Fund domiciles and regulation

Sep 15, 2020
PartnerSight Real estate

In recent years, the United States has offered “a relatively benevolent domicile and regulatory environment for private real estate funds,” according to a new report from PERE. A call for transparency around compliance, however, has escalated in recent months amid the COVID-19 pandemic, and investors are leading the charge.

“Managers’ investor relations teams have been having to do monthly calls, or in some cases weekly,” Troy Merkel, RSM partner and senior real estate analyst, tells PERE.

Merkel sat down with John Caruso, managing director and global head of fund finance at Nuveen and Stuart Wood, managing director at Alter Domus, for a roundtable discussion tied to the new report, Fund Domiciles and Regulation. In addition to the regulatory environment, they discuss changes in data security, growing pains around ESG and sustainability tracking, and tax optimization in a post-pandemic world.  

Two resounding themes emerge – flexibility and resiliency. Investors and managers cannot be complacent about regulatory compliance in the new normal.

RSM contributors

Stay up to date on what matters most to your business.

Let us know your personal preferences for topics, industries and services to start receiving RSM updates in your inbox. Get the most from insights, events and offers from our team of first-choice advisors.