WASHINGTON, D.C. (Jan. 9, 2021)—Nareit today issued the following statement from its 2021 Chair and Host Hotels & Resorts, Inc. President and CEO James F. Risoleo:
“Nareit commends the 117th Congress for completing its work this week to certify President-Elect Biden and Vice President-Elect Harris’ election and Electoral College victory, in spite of the violent mob that was incited to prevent their deliberations. Our nation’s Senators and Representatives, and their staff, stoutly faced down those who sought to terrorize them at the U.S. Capitol on Wednesday. Congress’ commitment to keeping our country on track, and affirming the nation’s expectation and the U.S. Constitution’s requirement for a peaceful transfer of power on Jan. 20 is exactly the kind of determination that we admire.
Our nation needs unity and a shared sense of purpose and direction. All people–whether in elected offices or not–must work together to address the extraordinary challenges we face, from eradicating the pandemic that continues to sweep our country, to rebuilding our economy and ensuring equitable opportunities for all.
We look forward to working with the incoming Biden administration and the 117th Congress to rebuild and renew our nation.”
REITs are real estate working for you. Through the diverse array of properties they own, finance, and operate, REITs help provide the essential real estate we need to live, work, and play. REITs of all types collectively own more than $3.5 trillion in gross assets across the U.S., with stock-exchange listed REITs owning over $2.5 trillion in assets. U.S. listed REITs have an equity market capitalization of more than $1 trillion. In addition, more than 145 million Americans live in households with in REIT investment through their 401(k) and other investment funds.
Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.