Social Icons Superfish

Nearly 40 million Americans invest in REITs

Stein, Steers Receive NAREIT Awards

11/13/2012 | By Carisa Chappell

Stein, Steers Receive NAREIT Awards
Hap Stein, chairman and CEO of Regency Centers Corp. (NYSE: REG), received the 2012 NAREIT Industry Leadership Award, and Bob Steers, co-chairman and co-CEO of Cohen and Steers, received the 2012 NAREIT Industry Achievement Award at REITWorld 2012: NAREIT's Annual Convention for All Things REIT in San Diego.

The awards were given on Nov. 12 to industry members who have "made outstanding contributions to the REIT industry and to NAREIT's own programs," said W. Edward Walter, president and CEO of Host Hotels and Resorts (NYSE: HST) and 2013 NAREIT Chair, at the awards ceremony.

Stein received the Edward H. Linde Leadership Award, named after the late CEO of Boston Properties (NYSE: BXP). Stein was honored for "consistently giving generously of his time to participate in NAREIT's Washington Leadership Forum events and providing leadership and support for NAREIT's Investor Outreach program," Walter said.

Stein served as NAREIT's chair in 2008, vice chair in 2007 and on NAREIT's executive committee from 2003 to 2010. Stein was also credited with making Regency Centers an industry leader in sustainability initiatives.

"I'm especially honored to have an award named after Ed Linde, one of my heroes," Stein said. "On behalf of the great people at Regency Centers whom I work with, a wonderful team, I accept this award."

Steers received the E. Lawrence Miller Achievement Award, named in honor of past NAREIT chair Lawrence Miller, the former CEO of Bradley Real Estate Trust, one of the industry's first REITs. Steers was recognized for helping to take REIT investments into the mainstream by explaining REITs to investors unfamiliar with the role that REITs play.

"Bob's tireless advocacy of REITs did much to put REIT investment on the map," Walter said.