The Nareit Developments section on reit.com provides updates of Nareit's activities and key events impacting the REIT and commercial real estate industry. Nareit is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets.
Representative Tom Reed (R-NY) (center), a member of the House Ways & Means Committee, visited Southern Tiers Crossing, a DDR Corporation property in Horseheads, New York. 
Rep. Mimi Walters (R-CA) toured The Shops at Mission Viejo in Mission Viejo, California, which is owned and operated by mall REIT Simon Property Group..jpg)
Essex Property Trust, Inc. (NYSE: ESS) President and CEO Michael Schall has been named the 2015 Multifamily Executive of the Year by MULTIFAMILY EXECUTIVE Magazine. The magazine said it chose Schall not only for his role in the $4.3 billion purchase of former West Coast competitor BRE Properties, but also for the speed with which the firms were integrated.
Sen. Jeff Flake (R-AZ) met with Maria Halstead, senior manager, Arrowhead Towne Center, in Phoenix. Arrowhead is owned and operated by The Macerich Company which has several major assets in the greater Phoenix metropolitan area. 
Representative Chris Van Hollen (D-MD), the highest ranking Democrat on the House Budget Committee and candidate for U.S. Senate from Maryland, met with REIT executives at Federal Realty Trust's Pike and Rose Development in North Bethesda, Maryland.