Grassroots: REITs in Your Community

In the past two years, NAREIT has successfully connected Members of Congress with REITs that own and operate properties within their local districts and states. Through onsite visits, ribbon-cuttings, and private meetings, key policymakers have been educated on REITs and what role the publicly-traded real estate industry plays in the local economy. These events, carefully coordinated with the local company, have created a greater understanding about REITs on Capitol Hill. It is NAREIT’s intent to continue to facilitate these grassroot opportunities, where appropriate, with our members in the future. A few examples of several recent events are highlighted below.

We encourage you to get involved with the growing grassroots program at NAREIT. Please contact us about your company’s upcoming projects. NAREIT stands ready to better inform Members of Congress on your company’s activities.

Please contact Ryan Kilpatrick. 

 

Highwoods Properties: RBC Plaza

 Jan. 8: Congressman Bob Etheridge (D-NC) (center) visited Highwoods Properties' RBC Plaza in Raleigh, NC. Edward Fritsch, President and CEO (left) and Thomas "Skip" Hill, Vice President, Raleigh Division, (right), along with other members of the management team briefed Congressman Etheridge on the impact of RBC Plaza on the Raleigh economy and skyline as well as Highwoods' presence in North Carolina's 2nd Congressional District. The Congressman, a member of the House Ways and Means Committee, shared his thoughts on possible economic recovery legislation and on issues of importance to REITs and commercial real estate.

 Behringer Harvard: Chase Park Plaza  Glimcher Realty Trust: Ashland Town Center

Dec. 7: Representative Wm. Lacy Clay (center) visited Behringer Harvard's Chase Park Plaza in St. Louis, Mo. Also pictured with the Congressman are Jason Mattox, Chief Administrative Officer, Behringer Harvard (right) and Jim Smith with Kingsdell, LP (left). The Congressman toured this recently renovated property, was briefed on Behringer Harvard's presence in Missouri and discussed the impact of the crisis in commerical credit on the real estate industry, as well as regulatory reform proposals being considered by Congress.

Jan. 6: Representative Geoff Davis (R-KY) visited Glimcher Realty Trust's Ashland Town Center in Ashland, KY.  Also pictured are Glimcher's Armand Mastropietro, Sr. VP and Director of Property Management (left) and Merri Hurn, General Manager at Ashland Town Center (right). The Congressman toured the property and discussed the credit crisis in commercial real estate as well as other challenges faced by companies in the retail sector.  The Congressman, a member of the House Ways & Means Committee, was also briefed on NAREIT tax initiatives including proposals that would improve the ability of REITs to access equity capital and participate in energy efficiency programs.

BRE Properties: Belcarra
Behringer Harvard: Eldridge Place

Nov. 24: Congressman Dave Reichert (R-WA), second from right, toured BRE Properties' Belcarra community in Bellevue, WA. From left to right, the following individuals from BRE Properties are pictured with the Congressman: Joe Jackson, Director of Construction; Deirdre Kuring, Senior Vice President, Property Operations and Pete Rocereto, Senior Vice President, Construction. In addition to touring the community, Congressman Reichert met with community staff and was briefed on BRE Properties' other communities in his district and the region along with pending legislative issues affecting the REIT and publicly traded real estate industry.

Nov. 10: Rep. John Culberson (R-TX), middle, is pictured with Jason Mattox, Chief Administrative Office, Behringer Harvard, right, and Greg Brooke, Behringer Harvard's Vice President, Asset Manager, during a recent visit to the company's Eldridge Place properties in Houston, TX. Rep. Culberson toured the site and then was  briefed on the company's portfolio of properties and pending legislative issues affecting the REIT and publicly traded real estate industry.
 Glimcher Realty Trust: Polaris Fashion Place
Regency Centers Corporation: The Shops at Stonewall
   

Aug. 27: Representative Patrick Tiberi (R-OH), left, is pictured with Marshall Loeb, President & COO, Glimcher Realty Trust, during his recent tour of Glimcher’s Polaris Fashion Place Center in Columbus, OH. Loeb and other Glimcher executives updated Mr. Tiberi on the Center’s recent development and the state of the REIT industry.

Aug. 26: Representative Gerry Connolly (D-VA), second from left, is pictured with executives from Regency Centers during his recent tour of the company’s latest development in Gainesville, VA, The Shops at Stonewall. Pictured with Connolly are, left to right, Rich Sutphin, Vice President, Regional Officer; Taylor Chess, Senior Vice President, Investments; Emily Ford, Regional Marketing Manager; and Keith Lebor, Property Manager, The Shops at Stonewall.

 

Macerich: Tysons Corner Center
   
Aug. 25: Representative Jim Moran (D-VA), right, stands with Dana Anderson, Vice Chairman, The Macerich Company, during his recent tour of Macerich’s Tysons Corner Center located in Mclean, VA. Anderson, along with John Harrison, Vice President of Development, and Chuck Cope, Vice President, Macerich East Development LLC, briefed Rep. Moran on Macerich's future plans for the Center and the state of transportation development surrounding the Center. Aug. 24: Representative Gerry Connolly (D-VA), right, listens to Dana Anderson, Vice Chairman, The Macerich Company, as he updates him on the latest construction and transportation developments associated with the Tysons Corner Center in Mclean, VA. The Macerich Company’s John Harrison, Vice President of Development, and Chuck Cope, Vice President, Macerich East Development LLC, also participated in the briefing. Rep. Connolly is the former Fairfax County Supervisor and is very familiar with the Tysons Corner Center, and appreciated being updated on the company’s future plans for the Center.

Pennsylvania REIT: Cherry Hill Mall

 

Macerich: Biltmore Fashion Park

Congressman John Adler (D-NJ), right, toured PREIT's Cherry Hill Mall with Edward Glickman, President & COO, PREIT, right, along with Nurit Yaron, Vice President, Investor Relations and Robert Wahlquist, Senior Regional Manager and Cherry Hill Mall General Manager. They briefed Rep. Adler on the Cherry Hill Mall's recent redevelopment and on PREIT's other properties in the region. Robert Dibblee's NAREIT, Vice President, Government Relations, was also on hand to discuss the state of the commercial real estate market and policy initiatives which have been designed in response.

 

Congressman John Shadegg (R-AZ), left, toured Macerich’s Biltmore Fashion Park with Scott Nelson, vice president, development. Nelson and Anita Walker, Macerich’s vice president of public relations, briefed Rep. Shadegg on the Biltmore’s recent redevelopment andon Macerich’s other projects in the area. Kirk Freeman, NAREIT’s senior director of government relations, was also on hand to discuss the state of the commercial real estate market and policy initiatives which have been designed in response

 

AMB Property Corporation: Morgan Business Park

 

 

 Brandywine Realty Trust: Cira Centre

 

   
On May 8: Rep. John Barrow (D-GA) toured AMB Property Corporation's Morgan Business Park facility located in Savannah, GA. AMB’s Savannah Port Facility is one of the country’s first speculative industrial developments which has achieved LEED Silver Certification. Pictured (from left): John Morgan, VP, Development, AMB Property Corporation; Steven Callaway, SVP, Director of Customer Development, AMB Property Corporation; Steve Kros, VP, Development, AMB Property Corporation; Jeff Brown, Facility Manager, Dorel Juvenile Group USA; Rep. John Barrow (D-GA); Lynn Pitts, SVP, Savannah Economic Development Authority; and Lee G. Beckman, Manager, Legislative Affairs, George Ports Authority. On Feb. 9: Rep. Chaka Fattah (D-PA), left, met with Gerard H. Sweeney, president and CEO of Brandywine Realty Trust, to discuss Brandywine’s Cira Centre South development near Philadelphia’s 30th Street Station. Cira Centre South, expected to be completed in summer 2010, will be two blocks from Cira Centre, which is the tallest building in Philadelphia outside of Center City.

 

General Growth Properties: Tucson Mall

 

General Growth Properties: Summerlin
   
Dec. 3, 2008: Rep. Gabrielle Giffords (AZ-D), left, toured General Growth Properties' Tucscon Mall located in Tucson, AZ, with Tucson Mall Senior General Manager Edward (Ted) Newkirk, right. Rep. Giffords was briefed on the Mall's latest expansion project and GGP's other AZ properties. Also attending the briefing were GGP's Jeff Berger, Vice President, Group Director, and Paul Cabrera, National Director of Operations. Dec. 4, 2008: Representative-elect Dina Titus (D-NV) met with Tom Warden, SVP, Government Relations, Howard Hughes Corporation/General Growth Properties to discuss General Growth's Las Vegas properties.

 

Kimco Realty: SoDo

 

LaSalle Hotel Properties: Liaison Capitol Hill
   
Oct. 10, 2008: Rep. Ric Keller (R-FL) (center) participated in and spoke at the ribbon cutting of Kimco Realty’s SoDo property located south of Orlando, FL. Also pictured are Ralph Conti, Excecutive Vice President, Kimco Developers and  Orlando City Commissioner Patty Sheehan who represents the SoDo location. Oct. 16, 2008: Jimmy Pearson (left), representing Rep. Chris Van Hollen (D-MD) presented Ken Fuller, VP, Asset Management, LaSalle Hotel Properties (right) with a citation from Rep. Van Hollen in recognition of the opening of the Liaison Capitol Hill hotel. 

 

AvalonBay Communities: Make a Difference Day
   
Oct. 25, 2008: AvalonBay Communities partnered with USA Weekend to participate nationwide in Make a Difference Day which is a national day of service and volunteerism. In Alexandria, VA AvalonBay staff members partnered with Rebuilding Together Alexandria to renovate and rebuild homes in Alexandria, VA. The staff worked on seven homes, installing weather stripping and insulation of homes owned by low-income and elderly residents throughout Alexandria. Martin Mash (above) represented Senator Jim Webb (D-VA) at the kick-off to this event. Oct. 25, 2008: At Avalon Court, in Melville, NY, residents and staff worked together to clean up a local beach, in order to improve the environment and to help save the endangered Piping Plover. The volunteers, staff, local officials and residents spent the day in rainy conditions clearing beach refuse. Pictured above is Erika DiSapio, Sr. Community Manager, Avalon Court with Kristen Walsh, Regional Director, Sen. Hillary Clinton (D-NY).

 

Tanger Factory Outlet Centers: Washington, PA

 

General Growth Properties: Clackamas Town Center
   
Aug. 29, 2008: Lou Lazzaro, Deputy Chief of Staff for Rep. Tim Murphy (R-PA) (left) and Mark Critz, District Director for Rep. John Murtha (DPA) (right) with Steven Tanger, President & COO, Tanger Factory Outlet Centers, at the recent opening celebration of Tanger's new center in Washington, PA.  Aug. 15, 2008: James Koski, Deputy Chief of Staff for Rep. Blumenauer (left) with Paul DeMarco, General Manager, Clackamas Town Center, during Mr. Koski’s recent tour of the General Growth Property near Portland, OR.

 

CBL & Associates: Pearland Town Center
   

Sept. 9, 2009: Norma Garza, Marketing Director and Assistant General Manager, (left) and Teir Allender, General Manager, Pearland Town Center (middle) met with Rep. Nick Lampson (D-TX) (left) to discuss the recent opening of Pearland Town Center.

 

July 16, 2008: Rick Guerrero, Field Representative for Rep. Nick Lampson (D-TX) (left) with John Foy, CBL's Vice Chairman of the Board, Chief Financial Officer and Treasurer, at the recent Pearland Town Center opening.
  Inland Real Estate Corporation
General Growth Properties: Summerlin
  Aug. 6, 2008:Dan Wagner, Inland VP, Government Relations (left), D. Scott Carr, Inland President of Property Management (second from the left) and Mark Zalatoris, Inland President and CEO (far right),meet with Rep. Melissa Bean (IL-8) (second from the right).  Aug. 6, 2008:  Tom Warden, SVP, Government Relations, Howard Hughes Corporation/General Growth Properties (left), and Dan Sheridan, Executive Vice President, Asset Management, Howard Hughes Corporation/General Growth Properties (right) discuss General Growth Properties’ Summerlin development in Las Vegas, NV with Representative Shelley Berkley (D-NV).

 

General Growth Properties: Cottonwood Mall
 
 
 May 22, 2008:  Melanie Bowen, State Director for Sen. Orrin Hatch (R-UT) (second from the left), Tim Sheehan, State Director for Sen. Robert Bennett (R-UT) (second from the right), and Mike Reberg, District Director for Rep. Jim Matheson (R-UT) (far left), join Jim Graham, Senior Director, Public Affairs for General Growth Properties (far right) in the groundbreaking of GGP’s Cottonwood Mall redevelopment in Holladay, UT.