Real Estate Investment Managers
engaged in a Socratic Dialogue.
“NAREIM has been invaluable in providing a forum for engagement with peers in the industry on topics ranging from company operations to market fundamentals to economic and governmental issues facing real estate.”
28 years ago, a group of real estate investment managers came together to create an organization where managers could come together regularly, compare notes on operational and strategic issues, and learn how to become better fiduciaries for their investor clients. A culture built around mutual respect, intellectual curiosity, and a passion for real estate lives on to this day.
Those member firms, ranging in size from half a Billion to over $100 Billion in assets under management– are able to join NAREIM discussions that range from the operational brass tacks of risk, capital raising, compliance, accounting and talent management – to the more strategic issues of economic change, disruptive technologies, and changes in global capital. Only 100 real estate investment management firms are able to join in the NAREIM discussion as members.
NAREIM members invest in office, retail, multi-family, industrial and hotels. Investments are made both in equity positions (direct ownership) and debt (first and subordinate mortgages). In the debt sector, investment managers have platforms to buy existing debt (mortgages and other instruments such as mezzanine and CMBS) and to make private equity financed loans.
The typical investor profile is institutional although a significant amount of investment is made on behalf of high net worth individuals and retail investors.
Investment vehicles used include separate accounts (investment programs on behalf of one large investor), co-mingled funds (multi-investor platforms), publicly traded exchange listed REITs, non-traded, public REITs and fund to fund investing.
NAREIM members range from the largest institutional firms in the world with fully integrated service platforms to specialized entrepreneurial firms. Together, they manage well over a trillion dollars worth of real estate assets in the United States.
NAREIM provides the organizational platform, programs, information and tools to help real estate investment managers:
- establish important relationships with fellow industry leaders;
- benchmark their companies relative to their peers;
- maximize their understanding of what is happening in their industry; and
- enhance the skills and knowledge base of their operations teams.