Matthias Thomas is to step down as CEO of the European Association for Investors in Non-Listed Real Estate Vehicles (Inrev) in the autumn.
Thomas, who joined Inrev as CEO in August 2010, leaves in September to join a real estate management company based in Berlin, the association announced on Monday.
During his tenure Inrev has seen its corporate membership numbers reach 396. In addition, the association introduced several initiatives, including focused public affairs; a global research agenda; and an expansion of the performance indices to add both quarterly and global indices.
Inrev's management board has begun the search for a new CEO, with a view to identifying a replacement before Thomas leaves.
Inrev chairman, Neil Harris, said: 'Matthias has played a pivotal role overseeing a strong INREV team focussed on delivering a very high standard and broad range of services and events for our membership and ensuring that the association is at the forefront of thought leadership and research to support the development and growth of our industry in Europe and beyond. He'll be missed, but we wish him well with his next venture. In the meantime, we’ll continue to benefit from Matthias' input over the next few months, whilst we search for a high calibre replacement.'
Inrev was launched in May 2003 as a forum for investors and other participants in the growing non-listed real estate vehicles sector.
The association says it represents an industry with a total value of €2.1 tln and Inrev members deliver €300 bn of stimulus to the real economy of Europe. Members include around 75 of the largest institutional investors as well as 40 of the 50 largest real estate fund managers, plus banks and advisors across Europe and elsewhere. Forty new members joined in 2016.
