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.
Rep. Bruce Westerman (R-AR), a member of the House Budget Committee, visited CNL Lifestyle Properties' Magic Springs amusement park in Hot Springs, AR. During the visit, the Congressman was briefed on the park's contribution to the local economy.
Rep. David Schweikert (R-AZ) visited the Vista De Sol dormitory facility located at Arizona State University (ASU) in Tempe, AZ which is owned and managed by American Campus Communities (ACC). Schweikert, a member of the House Financial Services Committee, was briefed on ACC's properties at ASU and other Arizona universities.
Sen. Chris Murphy (D-CT) visited the corporate headquarters of Iron Mountain in Boston. The Senator was briefed on Iron Mountain's operations in Connecticut, its global real estate portfolio, and its status as a REIT.
REIT executives were on hand at the NYSE on Sept. 14 to ring the closing bell. NAREIT helped organize the event to commemorate the elevation of real estate to a new GICS headline sector.