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38°54′55.6″N 77°2′30″W / 38.915444°N 77.04167°W / 38.915444; -77.04167

National Association of Real Estate Investment Trusts
AbbreviationNareit
FormationSeptember 15, 1960
HeadquartersWashington, D.C.
Location
Official language
English
Key people
Steven A. Wechsler (President & CEO)
Websitewww.reit.com

National Association of Real Estate Investment Trusts (Nareit) is a Washington, D.C.-based association representing industries that include real estate investment trusts (REITs), mortgage REITs (mREITs), REITs traded on major stock exchanges, public non-listed REITs, and private REITs. Nareit publicly trades real estate in the U.S. real estate and capital markets. Nareit is also an informational resource for REIT policymakers. It provides performance data on REITs dating back to 1972.

Nareit’s mission is to actively advocate for REIT-based real estate investment with policymakers and the global investment community. Nareit’s members are REITs and other international independent businesses.[5] It is run by an independent executive board[6] led by President and CEO Steven A. Wechsler.[7]

History

On September 14, 1960, President Dwight D. Eisenhower signed legislation for a new approach to real estate investment.[1] The following day, on September 15, 1960, the National Association of Real Estate was incorporated. This association gradually rebranded into Nareit. It has partnered with several other entities in its investor outreach endeavors, most notably the FTSE Group and the European Public Real Estate Association. They have established the FTSE EPRA / Nareit Global Real Estate Index Series.[2][3]

Publications

Nareit produces publications. Nareit’s website, reit.com, is the association’s primary communications tool. REIT: Real Estate Investment Today magazine[4] is Nareit’s bi-monthly magazine focused on the REIT approach. In addition, Nareit publishes a daily executive news summary (Real Estate Investment SmartBrief), several member newsletters, a weekly REIT Report podcast, and others. The Nareit organization compiles a group of indexes that are composed exclusively of publicly traded REITs.[5] Among those topline indexes are:

Activities

Nareit hosts a variety of industry events each year. REITWorld: Nareit's Annual Convention for All Things REIT[9] is the REIT industry event of the year. The annual REITWeek: Nareit’s investor Forum[10] is an investor forum.[11][12]

Awards

Each year, Nareit gives an award. Among those awards are the Industry Leadership Award, Industry Achievement Award, Leader in the Light Awards, Small Investor Empowerment Award and Investor Care Awards.[13]

External links

References

  1. ^ "Eisenhower REIT".
  2. ^ "FTSE EPRA/NAREIT Global Index series".
  3. ^ "Pure Industrial Real Estate Trust Announces Inclusion in FTSE EPRA/Nareit Global Developed Index". Yahoo Finance.
  4. ^ "REIT Magazine".
  5. ^ "Real Time Index Returns".
  6. ^ Getting Started in Real Estate Investment Trusts. John Wiley and Sons. 2006. p. 35 paragraph 3. ISBN 9780470046241.
  7. ^ Getting Started in Real Estate Investment Trusts. John Wiley and Sons. 2006. p. 35 paragraph 4. ISBN 9780470046241.
  8. ^ Getting Started in Real Estate Investment Trusts. John Wiley and Sons. 2006. p. 35 paragraph 5. ISBN 9780470046241.
  9. ^ "REITWorld: NAREIT's Annual Convention for All Things REIT".
  10. ^ "REITWeek: Nareit's Investor Forum".
  11. ^ "REIT Week".
  12. ^ "Nareit's REITWeek Conference". mwwabsolutevalue.com.
  13. ^ "Industry Awards".
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