| National Association of Real Estate Investment Trusts | |
| Formation: | September 15, 1960 |
| Abbreviation: | Nareit |
| Headquarters: | Washington, D.C. |
| Location: | United States |
| Language: | English |
| Key People: | Steven A. Wechsler (President & CEO) |
The 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. It is a publicly traded organization that deals with real estate in the U.S. capital markets. It also serves as a valuable resource for REIT policymakers.
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]
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, which 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]
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:
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]
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]