Nareit's Public Non-Listed REIT (PNLR) Council met in Washington on Oct. 27 for its first in-person meeting since the pandemic. The meeting, led by Council Chair C. Allan Swaringen, president and CEO, JLL Income Property Trust, covered a range of topics of importance to PNLRs and featured presentations from Washington experts and regulators, in addition to Nareit staff.
Importantly, the Council discussed the North American Securities Administrators Association's (NASAA) recently proposed revisions to its REIT Guidelines, which the Council had submitted comments objecting to on Sept. 9.
Nareit EVP for Research and Investor Outreach John Worth led a discussion of Nareit's research agenda and some recent findings regarding the attitudes of financial advisors regarding PNLRs. The Council also was briefed by Nareit senior staff on recent federal and state tax developments relevant to PNLRs and on Nareit's recent work related to the REIT sector's disclosure of environmental matters.
Ayris Scales, Nareit's new SVP for social responsibility and global initiatives, updated the Council on several of Nareit's new initiatives related to diversity, equity, and inclusion (DEI).