> For the complete documentation index, see [llms.txt](https://guides.gresb.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guides.gresb.com/completingassessments/2026-real-estate-assessment/re/entity-and-reporting-characteristics/reporting-characteristics/rc2-economic-size.md).

# RC2: Economic Size

<table data-column-title-hidden data-view="cards" data-full-width="false"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-cover data-type="image">Cover image</th></tr></thead><tbody><tr><td><i class="fa-bullseye">:bullseye:</i> Maximum Score</td><td><strong>Not scored</strong></td><td></td><td></td></tr><tr><td><i class="fa-input-pipe">:input-pipe:</i>  Input Method</td><td><strong>Assessment Portal</strong></td><td></td><td></td></tr><tr><td><i class="fa-pen-to-square">:pen-to-square:</i> Prefill</td><td><i class="fa-check">:check:</i> <strong>Eligible</strong></td><td></td><td></td></tr><tr><td><i class="fa-calculator">:calculator:</i> Scoring method</td><td><strong>Not scored</strong></td><td></td><td></td></tr><tr><td><i class="fa-shield-check">:shield-check:</i> Validation</td><td><strong>None</strong></td><td></td><td></td></tr><tr><td><i class="fa-arrow-trend-up">:arrow-trend-up:</i> 2026 Updates</td><td><strong>None</strong></td><td></td><td></td></tr></tbody></table>

***

**What was the gross asset value (GAV) of the portfolio at the end of the reporting year in millions?**

<div align="left"><figure><img src="https://1003802410-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLeIqEQuq8sE79mOd8GRV%2Fuploads%2Fbv5TmpNQfSSxlbxaAouY%2FRRC2.png?alt=media&amp;token=657c59cc-00f7-4918-9cd0-2f8840ad28b1" alt="" width="563"><figcaption></figcaption></figure></div>

## Assessment Instructions

<details>

<summary><strong>Intent</strong>: What is the purpose of this indicator?</summary>

Gross Asset Value (“GAV”) is a metric used in GRESB data analysis to identify the size of the portfolio.

</details>

<details>

<summary><strong>Input</strong>: How do I complete this indicator?</summary>

Complete the GAV field **in millions** (e.g., a GAV of $75,000,000 must be reported as 75).

Do not include a currency, as this has been reported in indicator RC1 above, but make sure the currency applied for GAV reporting is consistent with indicator RC1.

The value provided should be the GAV of the real estate portfolio at the end of the reporting year, and should include Development projects(if any) and need to reflect the percentage of financial ownership the entity has for each asset when calculating the economic size. Do not include the GAV of assets sold before the end of year.

As an alternative to GAV, you may report using the market value, the fair value or Net Asset Value (NAV) of the portfolio, at the end of the reporting year.

### Terminology

**GAV**

> Gross Asset Value

</details>

<details>

<summary><strong>Validation</strong>: What evidence is required?</summary>

No evidence required.

</details>

## Scoring

This indicator is not scored.

***


---

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