The business of real estate
Dedicated to business and organizational strategies within real estate investment management – both the benchmarking of and the sharing of best practices for
Sign up for the latest research and thought leadership from NAREIM and learn how NAREIM members are sharing best practices to drive value across the enterprise, the industry and for their investors.
2022 DEI Survey results
The Global Real Estate DEI Survey 2022 results have been released showing that in North America, the representation of women and people of color has increased year-over-year by almost 4% and 8% respectively.
According to the results of the DEI Survey 2022, which represents 357,041 full-time employees, $2.34 trillion of AUM, and a cross section of the commercial real estate industry in terms of size, region and business classification, the gender balance in North America moved in favor of more female representation between 2021 and 2022 - increasing to 42.5% of the workforce in 2022, up year-over-year from 41%.
In North America, representation by people of color also increased year-over-year by almost 8%, increasing from 29% in 2021 to 31.3% in 2022.
Europe & APAC: Among organizations reporting for Europe, female representation increased by almost 4% in 2022 — rising to 39.5% up from 38% in 2021. In Asia-Pacific, participants reported that women represented 50% of the workforce, up from 47% in 2021 — a 6.4% increase year-over-year.
Scale of the data: The Survey brings together participation from 192 unique organizations which provided 210 submissions detailing their DEI practices in North America (81.4% of respondents), Europe (12.4%) and Asia-Pacific (6.2%). Data was collected between July 28 and October 7, 2022. It was produced by ANREV, INREV, Ferguson Partners, NAREIM, NCREIF, PREA, REALPAC and ULI.
"There is no other organization like NAREIM that focuses on managing an investment management business and these insights are needed now more than ever through these turbulent market conditions."
Ryan Krauch, Executive managing director, USAA Real estate
“Tidal wave” of Net Zero cap-ex is coming, but lack of transactions makes upgrades a hard sell
March 9, 2023
Committing to expensive Net Zero upgrades is challenging without market comps and deals, yet the industry is expecting a "tidal wave" of Net Zero cap-ex to hit the market - and asset pricing - in the short-term as more buildings become stranded.
DC investor interview: New Mexico & Meketa
January 31, 2023
Jan 31, 2023: DC plans should consider whether quarterly rebalancing works for them, but for New Mexico the volatility of 2020 didn't impact their new move into private real estate. New Mexico and Meketa explain the private RE journey for New Mexico PERA's DC plan.
Women of color losing ground at exec/senior levels, but successes on DEI more generally
January 27, 2023
Women of color at the executive management and senior levels are departing at twice the rate of their population size in North America, despite the representation of women and people of color improving overall for CRE in 2022. Read more highlights from the Jan 26 DEI Survey meeting.
NAREIM 2022 in review: The best things come in small packages
January 31, 2023
Jan 31, 2023: In 2022, NAREIM welcomed 17 new member firms to the association, helping boost the association members' collective AUM to $2.8tn. Check out NAREIM's meetings, Committee members, research and thought leadership from 2022.
DEI Survey 2022 results: Women/PoC up 4% and 8% YoY in North America, respectively
December 13, 2022
The Global Real Estate DEI Survey 2022 results have been released showing YoY increases in the representation of women globally, and for people of color in North America. DEI policies broaden and deepen in CRE.