Former NAREIT Board of Governors President Arthur Viner, who founded REIT sponsor Investors Central Management Corp. , died June 19 at the age of 92.
Viner’s tenure at Investors Central Management Corp., which sponsored three REITs that were listed on the New York Stock Exchange, ran from 1958 to 1991. He held the positions of president and CEO of the company during that period.
Viner served as president of the NAREIT Board of Governors from 1975 to 1976. In 1993 he became the second recipient of NAREIT’s Industry Leadership Award, which honors NAREIT members who have displayed excellence in their contributions to the real estate industry and to the programs of the association. From 1983 to 1984, Viner served as president of the Pension Real Estate Association, and he acted as chairman of the association from 1984 to 1985.
After retiring, Viner represented the Dutch real estate investment company IBUS in its U.S. acquisitions.
Viner’s first wife, Ann Welch Viner, died in 1986. He is survived by his second wife, Teryl Townsend Viner; his son, William Viner; his sister, Ellen Seiler; his stepchildren, Don and Shawn Speers; and three grandchildren, Katherine, Robert and Dorothy Speers.