Formation September 15, 1960 Official language English Founded 15 September 1960 | Location United States Website reit.com | |
Key people Steven A. Wechsler (President & CEO), Sheldon M. Groner (Finance & Operations) Headquarters Washington, D.C., United States | ||
How do reits work
The National Association of Real Estate Investment Trusts (NAREIT) is the Washington, D.C.-based association representing real estate investment trusts (REITs) and publicly traded real estate companies with an interest in U.S. real estate and capital markets. It is recognized as the leading public resource on the REIT industry and has performance data on REITs extending back to 1972. NAREIT's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. It is run by an independent executive board led by President and CEO Steven A. Wechsler.
Contents
History
On September 14, 1960, President Dwight D. Eisenhower signed legislation to create a new approach to real estate investment for income. The following day on Sept. 15, 1960, The National Association of Real Estate was incorporated. This association eventually evolved into the entity known today as NAREIT. It has partnered with several other entities in its political endeavors, most notably the FTSE Group and the European Public Real Estate Association. Through their combined efforts they have established the FTSE EPRA / NAREIT Global Real Estate Index Series.
Publications
NAREIT produces a variety of publications targeted to members, investors, industry professionals and policy makers. NAREIT’s website, REIT.com, remains the association’s primary communications tool to all of its audiences. REIT: Real Estate Investment Today magazine is NAREIT’s bi-monthly magazine focused on the REIT approach to real estate investment. In addition, NAREIT publishes a daily executive news summary (Real Estate Investment SmartBrief), several member newsletters and multiple educational materials. The NAREIT organization compiles a group of indexes that are composed exclusively of publicly traded REITs. Among those topline indexes are:
Activities
NAREIT hosts a variety of industry events each year to help educate, inform, and distribute information to members, investors and industry professionals. REITWorld: NAREIT's Annual Convention for All Things REIT is one of the leading REIT industry events of the year. The annual REITWeek: NAREIT’s investor Forum is an investor forum that brings a large concentration of REIT management teams and investorsin a single location, providing a yearly hub where people are able to network and gain informed developments within the industry.
Awards
Each Year NAREIT recognizes the achievements and contributions of its members and noted industry professionals. Among those awards are the Industry Leadership Award, Industry Achievement Award, Leader in the Light Award, Small Investor Empowerment Award and Investor Care Awards.