11/10/2009 | By Matthew Bechard
The National Association of Real Estate Investment Trusts® (NAREIT®) announced today its 2010 officers, members of its executive and audit committees and new members of its board of governors. Elected chair was Debra A. Cafaro, chairman, president and CEO of Ventas, Inc. (NYSE: VTR), Chicago.
"The ability of REITs to access capital efficiently and effectively over the past year has reaffirmed the enduring value of the REIT investment proposition," Cafaro said. "Recent events underline the simple fact that liquidity equals value, and REITs are the best way to bring liquidity to real estate. With the added benefits of dividends, diversification, low leverage and transparency, the REIT way of investing in real estate should provide ample returns to investors in the years ahead."
NAREIT announced its first vice chair for 2010 is Bryce Blair, chairman and CEO of AvalonBay Communities, Inc. (NYSE: AVB), Alexandria, Va.; its second vice chair is Donald C. Wood, president and CEO, Federal Realty Investment Trust, (NYSE: FRT), Rockville, Md.; and its treasurer is W. Edward Walter, president and CEO, Host Hotels & Resorts, Inc. (NYSE: HST), Bethesda, Md.
To read NAREIT's press release with the entire leadership roster, CLICK HERE.