About Diversity, Equity & Inclusion (DE&I)

The real estate funds industry thrives on the diversity of perspectives, experiences, and skills that its people bring. Embracing this diversity is not just the right thing to do—it’s a business imperative that drives innovation, strengthens decision-making, and ensures sustainable success.

At AREF, we are committed to helping our members champion diversity, equity, and inclusion (DEI) within their organisations and across the wider industry. We believe real change starts with awareness and collective action, and we are here to provide the tools, inspiration, and support needed to make that change a reality.
 

Our DEI Campaign: Educate, Motivate, Celebrate

Through our Educate, Motivate, Celebrate campaign, we’re empowering our members to embed DEI into the heart of their organisations. This initiative focuses on:

  • Educate: We provide guidance, insights, and resources to deepen understanding of DEI and its importance to the real estate funds sector. Through workshops, case studies, and research, we aim to equip members with the knowledge they need to drive meaningful progress.
  • Motivate: By sharing success stories and highlighting the tangible benefits of inclusive practices, we encourage members to take proactive steps toward fostering equity and inclusion within their organisations.
  • Celebrate: We showcase and recognise the efforts of our members who are leading the way in DEI, shining a spotlight on achievements to inspire others to follow suit.
     

Our Commitment to Supporting Our Members

AREF is here to help our members create lasting change. Our DEI efforts include:

  • Raising Awareness: Sharing the latest research and best practices to build understanding of how DEI enhances business performance and industry resilience.
  • Providing Practical Tools: Offering guidance to assist members in embedding DEI principles across their organisations.
  • Fostering Collaboration: Creating spaces for members to connect, share experiences, and learn from each other as they navigate their DEI journeys.
     

 

 

AREF's Diversity Equity & Inclusion Policy

Click here to view


Collaborating with others

We recognise that there is only so much that we can do through our day-to-day activities, which is why we support the following organisations and are proud of the vital work they do:

Diversity Talks Real Estate

Real Estate Balance

Organisations who our members work with in DE&I

AREF collected, through a member survey, the names and details of around 20 organisations working in DE&I in our industry who already help many of our member firms (download logos and links here).  We’d encourage members to reach out to these firms, as everyone needs to start somewhere to create the change.  Click the image to view the logos and links to their websites:

 

A Shared Vision for Progress

We are passionate about building a real estate funds industry that reflects the diversity of the society it serves. Through Educate, Motivate, Celebrate and our ongoing initiatives, we are proud to stand alongside our members as they lead the way towards a more inclusive, equitable, and successful future for all.
 

DE&I Taskforce Members

Sophie Reguengo  (Chair)

Sophie Reguengo (Chair)

Partner, Ogier, Jersey

Sophie is a highly experienced investment funds and regulatory lawyer having practiced for over 15 years' in the funds industry. She is focussed on private equity and real estate structures. She is recognised as a "Rising Star" by IFLR1000 and regularly attends and speaks at conferences in Jersey and London. Sophie is the Diversity and Inclusion jurisdictional lead for Ogier in Jersey and believes that equality is better for everyone.

Sophie is an alumna of Bristol University and the University of the West of England.  She holds a Masters in Commercial Law and Human Rights.

Sophie features in the Citywealth Leaders List and is recognised as a "Rising Star" by IFLR1000 and has also been recognised in Legal 500.  Prior to joining Ogier at the beginning of 2018, Sophie trained and worked at another leading offshore firm, both in Jersey and in Hong Kong.   

Stefan Chinniah

Stefan Chinniah

Counsel, Mourant Ozannes

Stefan is Counsel in Mourant's Investment Funds practice, based in the London office. He focuses on the formation, operation and financing of private equity, venture capital and real estate funds and investment structures.

Prior to joining Mourant, Stefan was an Associate in the Funds and Indirect Real Assets team of CMS' London office.

During my time as an onshore funds lawyer, I worked on a number of multi-jurisdictional mandates for a global client base.

Faye Crook

Faye Crook

Vice President, Client and Private Fund Services , Nuveen

Faye is Vice President of Client and Private Fund Services at Nuveen, leading a team of Client Services Associates based in the London office and supporting clients invested in private real assets funds. Prior to joining the firm in January 2023, Faye was a Director at PGIM Real Estate where she serviced a global book of clients invested across their UK equity and European value added platforms, consisting of 5 co-mingled funds and 6 segregated mandates with AUM totalling £4bn.
She has also previously held roles at TH Real Estate and Tishman Speyer where she spent 6 years in the Equity Capital Markets teams supporting capital raising efforts focused on European products and investors. In addition, Faye is a dedicated advocate of diversity, equity and inclusion, serving as committee member for Nuveen’s Achieve initiative for female associates and allies and Vice Chair of the Young Professionals committee, supporting associates young in their career or role. Furthermore, she is a proud member of an AREF DEI working group which aims to promote an environment that supports and reflects equality and inclusive behaviours and practices through the provision of guidelines and standards for adoption by the broader real estate industry.

Sarah Walker

Sarah Walker

Partner, Travers Smith

Sarah is a Partner in the Real Estate team at Travers Smith with a particular expertise in advising on sustainable real estate, including green leases, social clauses, and aligning ESG investment and portfolio asset management strategies.  

Sarah has considerable experience across a varied range of asset classes, staying close to market trends alongside her clients. From investments into offices and flagship city centre developments, to healthcare assets, student accommodation and BTR. Examples of some recent work include advising the University of Oxford in connection with their joint venture with L&G to develop life sciences buildings and graduate accommodation and advising real estate fund clients on an ESG review of their precedent leasehold terms. 

Sarah is a member of AREF as well as the BPF sustainability committee, and the BPF’s green leasing consultation group and is currently active in upskilling clients on ESG related requirements as they affect their investment decisions. She is also a member of Travers Smith's ESG & Impact Group. 

Sarah is also active in ESG Real Estate Thought Leadership, having recently co-written "Focussing on the S in "lease"" for the Estates Gazette and including some recent articles:

| Embracing social value in leases (egi.co.uk)

ESG challenges in the care home and senior living sectors: Part 1 | Travers Smith

ESG challenges in the healthcare and senior living sectors: Part 2 | Travers Smith

Social and Good Governance Clauses for Leases | Travers Smith

"Sarah Walker led the transaction for us, she was actively involved at all stages and always available. Sarah had great market insights and was able to offer us commercially focused solutions to some tricky problems. Sarah coordinated her team expertly. 2025 Legal 500

Clare Whyte

Clare Whyte

Head of Marketing & Events, AREF

Clare is responsible for all aspects of the planning, development and execution of the marketing strategy for AREF. 

Clare leads on event management, liaising with committees and members to schedule, plan and deliver an effective events calendar for the association.  She also has overall responsibility for brand, as well as the design, development and production of marketing across both digital and offline channels, including the website.  

Mel Ali

Mel Ali

Office and Operations Manager, AREF

Mel ensures smooth daily operations, manages logistics and the database, coordinates meetings and events, supports committees and projects, and assists the finance team.
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Rachel Fowler

Mourant Ozannes

whos who me

Lakhmi Halaith

Associate, Osbourne Clarke

Interested in joining?

We are looking for new members.  If you are interested in joining the Taskforce, please email us at [email protected].


If you’d like to contact our DEI Taskforce, we’d be delighted to hear from you, in the first instance, please email us at [email protected].