Inclusion & Diversity
We believe in the transformative power of diversity of thought.
Join NAREIM to help benchmark, and share real-time best practices, promoting inclusion, diversity and equity in the real estate investment management industry.
Women and minority professionals accounted for 15% of executive management positions within real estate investment management in 2020.
In the industry's first corporate diversity and inclusion survey, which collates data from managers representing more than $2tn of assets under management, NAREIM and Ferguson Partners provides a snapshot of Diversity, Equity and Inclusion initiatives and actions - and the impact it is making. Key takeaways include:
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Women represent 40% of full-time real estate investment management positions.
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Minority professionals represented 15% of executive management positions in 2020, compared to 10% in 2017
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Women represented 15% of executive management positions in 2020, compared to 12% in 2017
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96% of corporations in 2020 had a DEI program or initiatives
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75% of corporations in 2020 dedicated staff to their DEI approach
It's good news that diversity is moving in the right direction. But, of course, more can be done.
That is why NAREIM is working with investment managers to further improve the NAREIM-Ferguson Partners Diversity, Equity and Inclusion (DEI) Survey measuring gender and ethnicity data across seniority and job functions - and helping managers share best practices for enacting change in their organizations to embed greater diversity of thought.
We invite you to join us.
15%
Women and minority professionals at executive management level in 2020. In 2017, women represented 12% of executive positions and minority professionals 10%.
Source: NAREIM-Ferguson Partners D&I Survey 2021
what nareim does
DEI Survey
The NAREIM DEI Survey is the first corporate benchmark for diversity, equity and inclusion metrics and management best practices in real estate investment management. The report covers more than 44 pages of individual data points, including, but not limited to:
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Gender and ethnicity composition by seniority and job functions
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Best practice metrics relating to the implementation of DEI strategies and initiatives across investment management organizations, including issues relating to ownership and staffing, accountability, tracking and measurement, retention and recruitment, external partnerships and activities, pay equity and transparency.
resource & best practice library
Dedicated resource library for NAREIM members of best practices and materials related to DEI strategies and initiatives. Resources include both proprietary and external materials as well as topics such as:
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Top 50 diversity partners used by real estate investment managers to build pipeline
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Top 50 organizations and diversity mentoring programs managers donate money and sponsor employee participation in
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Best practices relating to:
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Pay equity transparency
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Measuring DEI goals, progress and impacts
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Training and certification
the resource library is open to nareim members only
investor perspectives
on DEI
As part of the work of NAREIM's Inclusion & Diversity Committee, NAREIM has produced a series of interviews focused on investor perspectives on DEI.
Since early 2020, NAREIM has invited institutional investors to sit down and discuss their perspectives on diversity and inclusion and how they are working with investment managers to deliver lasting change for the industry.
Interviews already published include:
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Carnegie
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Oregon and Texas ERS
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CalSTRS and The World Bank
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StepStone
Watch out for the next interview with LACERA and UPS, coming Q2 2021.
read the investor perspectives here
NAREIM DEI committee
Chair: Kristin Renaudin, Chief Financial Officer, Stockbridge Capital
Vice chairS: Reisa Bryan, Global Chief Operating Officer, Nuveen Real Estate
Erick Harris, GC, Blue Vista Capital Management
Alexandra Williams, Director, Barings Real Estate
Chasity Boyce, Chief Diversity Officer, Barings Real Estate
Justinn Wheatley-West, HR Business Partner, BentallGreenOak
Jennifer Licciardi, Vice President, Head of Human Resources, Berkshire Residential
Megan Carver, CapRidge Partners
Dave Kutayiah, Managing Director, Head of Human Resources, Clarion Partners
Kathy Briscoe, Partner, Chief Capital Officer, Dermody Property
Tyler Scheppman, Senior Vice President, Dermody Property
Rachna Velamati, Vice President, Human Resources, Heitman
Deirdre Perez, Portfolio Manager, Invesco Real Estate
Deena Goodman, Director, Human Resources, PGIM Real Estate
Pat Bailey, CFO, Principal Real Estate Investors
Anne Peck, Director of ESG+R, TA Realty
Jillen Miller, Human Resources Coordinator, Waterton Associates
The NAREIM DEI committee is focused on three initiatives: The Global Real Estate DEI Survey; partnerships to expand recruitment pipelines; best practices and resources for members.