Developments Blog

NAREIT and a group of industry organizations wrote to the leaders of the House of Representatives and the House Energy and Commerce Committee last week in support of the Energy Efficiency Improvement Act of 2015 (S. 535). In a letter to Speaker of the House John Boehner (R-OH), House Minority Leader Nancy Pelosi (D-CA), and House Energy and Commerce Committee Chairman Fred Upton (R-MI) and Ranking Member Frank Pallone (D-NJ), the groups noted that if Congress doesn’t act by April 16, the Department of Energy will prevent the manufacturing of large volume, grid-enabled electric resistance water heaters.

On April 29, the Real Estate Department of the Zicklin School of Business at Baruch College will host “Global Real Estate Markets: Trends, Risks, and Opportunities,” a conference inviting international real estate investors and academic research professionals to assess recent and future trends and risks in global real estate investing. The keynote address at the event will be delivered by Sam Zell, chairman of Equity Group Investments.

Rep. Mark DeSaulnier (D-CA), center, visited Macerich's Broadway Plaza in Walnut Creek, Calif., which is in the midst of a multi-phase quarter-billion dollar redevelopment. DeSaulnier was briefed on the progress of the redevelopment while touring the property with Macerich executives Jeff Carlisle, Shelly Dress, and Tracy Dietlein.

During the first three months of 2015, NAREIT conducted 139 meetings with many of the largest and most influential investment organizations within the institutional investment marketplace, primarily in the U.S., but also in Mexico. Collectively, these entities represent more than $17 trillion in assets under management or advisement.

NAREIT's Communications team regularly evaluates how we communicate to our members as well as the broader public. This includes printed publications such asREIT magazine; REIT.com, the leading online source for REIT industry news and information; and multimedia offerings such as NAREIT's web videos and podcasts. NewsBrief is among NAREIT's most important lines of communication with its membership. In an effort to provide you with a more reader-friendly product, our weekly electronic newsletter will start hitting your inboxes next week in a new format.

NAREIT senior executives traveled to China in March to meet with government, investment and market organizations in Beijing and to speak at the 2015 China Wealth Management Forum in Hangzhou. NAREIT's China outreach initiative supports efforts by Chinese government officials and other organizations to develop REIT-based real estate investment in China, to promote investment in U.S. REITs by Chinese investors and investment organizations, to inform Chinese real estate interests about joint business opportunities with U.S. REITs and to develop relationships with Chinese real estate and investment organizations.

NAREIT participated in the 2015 Spring Conference of the Pension Real Estate Association (PREA), in Washington, D.C. PREA corporate members focus primarily on institutional real estate investment through private markets. The conference attracted more than 800 attendees representing pension funds, as well as their investment consultants and real estate fund managers.

NAREIT submitted testimony last week to the Hawaii House of Representatives Committee on Finance opposing a proposal directing two state agencies to prepare a study of REIT activities in the state (S.B. 118, S.D. 1, H.D. 1).

NAREIT's Investor Outreach team participated in the Texas Association of Public Employee Retirement Systems (TEXPERS) annual conference in Austin, Texas. The TEXPERS membership includes 71 pension and retirement systems representing approximately $89 billion in assets. 

In March, NAREIT’s Investor Outreach team met with a diverse group of 59 global investment organizations controlling more than $5.5 trillion in institutional investment assets. The meetings were held with organizations across all targeted investment cohorts, including 16 with U.S. and Latin American pension and endowment plans; two with investment consultants; 20 with investment managers; and 21 with organizations and associations active in supporting the global pension and retirement industry.