INREV appoints Lucy Fletcher as new chair, expands Management Board

The European Association for Investors in Non-Listed Real Estate (INREV) has announced the appointment of Lucy Fletcher as its new Chair. Fletcher, a board member since 2021, brings more than 26 years of global real estate experience to the role. She has previously served on INREV’s Investor Advisory Council and held senior positions at organisations including JLL in Chicago and Bank of America Merrill Lynch in Asia Pacific. She is currently a Fund Manager with CBRE’s Indirect Private Real Estate team, where she oversees fund strategy and performance.

In addition to Fletcher’s appointment, the INREV Management Board has been expanded with three new members: Robert-Jan Foortse, Head of European Property Investments at APG Asset Management; Dennis Lopez, CEO of QuadReal; and Mahdi Mokrane, Co-Head of Fund Management at PATRIZIA. Rainer Komenda of Bayerische Versorgungskammer has also been reappointed for a second consecutive three-year term.

The organisation also acknowledged the contributions of outgoing Chair Martin Lemke of AM Alpha, along with Ray Adderley of Nuveen Real Estate and Jenny Buck, who are stepping down from the board.

Speaking on her appointment, Fletcher expressed enthusiasm about her new responsibilities, stating that she looks forward to working with the board, the INREV team, and the wider community to continue promoting transparency in the non-listed real estate sector—an objective she described as increasingly vital in the current market environment.

INREV CEO Casper Hesp welcomed Fletcher’s appointment, noting her strong commitment to the organisation and highlighting the relevance of her international experience in navigating a real estate market that is becoming more global, diverse, and cross-sectoral. He added that the expertise brought by the new board members would support INREV’s efforts to offer its members greater access to international standards and insights beyond traditional fund strategies.