Nareit Hosts REESA Meeting

Pictured from left to right: Bonnie Gottlieb, senior vice president, industry and member affairs, Nareit; Peter Verwer, chief executive, APREA; Michael Brooks, CEO, REALPAC; Steve Wechsler, president and CEO, Nareit; Dominique Moerenhout, CEO, EPRA; Shinsuke Imai, secretary general, ARES; Koji Sawada, director, international division, ARES; and Naoko Irimajiri, assistant director, international division, ARES.

Nareit hosted a Real Estate Equity Securitization Alliance (REESA) meeting on Nov. 9 in San Francisco. CEOs and other representatives of the Asia Pacific Real Estate Association (APREA), the Association of Real Estate Securitization (ARES) from Japan, the European Public Real Estate Association (EPRA), REALPAC from Canada, and Nareit were all present.

This marked the 12th year of semi-annual REESA meetings. The discussions were wide-ranging and lively, and included:

  • The group’s financial standards initiatives with the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB);
  • Various ESG issues;
  • A REESA project to measure the global commercial real estate assets in conjunction with LaSalle Investment Management, represented by Jacques Gordon, global strategist at LaSalle who joined this meeting to discuss LaSalle’s work to date;
  • A potential REESA-led meeting with global associations representing securitized real estate to discuss the benefits of REIT-based investment; and
  • Updates from each REESA organization.

 

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