The Real Estate Roundtable Explained

The Real Estate Roundtable
Abbreviation:RER
Type:Nonprofit association
Trade association
Lobbying
Public relations
Purpose:Public policy related to real estate
Headquarters:Washington, D.C.
Leader Title:President and CEO
Leader Name:Jeffrey D. DeBoer
Main Organ:Board of directors
Affiliations:Commercial Real Estate Diverse Supplier (CREDS) Consortium
RE-ISAC
Website:www.rer.org

The Real Estate Roundtable is a non-profit public policy think tank based in Washington, D.C. that represents the interests of real estate. It develops public policy agendas pertaining to tax, capital and credit, environment and energy, and homeland security.[1]

History

In 1999, the National Realty Committee (NRC) became The Real Estate Roundtable.[2] [3] [4] In 1985, the NRC had 280 member organizations: property developers, banks, insurance companies, brokerages and accounting concerns.[5]

The Real Estate Roundtable announced its formation of the Real Estate ISAC (RE-ISAC), an Information Sharing and Analysis Center, in February 2003.[6] [7]

Jeffrey D. DeBoer has served as the president and CEO of The Real Estate Roundtable since its formation.[8] Randall K. Rowe was elected chairman in 1998.[9] John F. Fish became the chairman in 2021.[10]

Activities

The Real Estate Roundtable holds four annual meetings in Washington, D.C. and publishes a weekly electronic newsletter, "Policy Toolkits and Fact Sheets",[11] and its Annual Report and Policy Agenda.

Activities of the organization are divided amongst its committees:[12]

The organization was a member of the Economic Growth Alliance in the 1990s.[13] In 2023, it became one of seven real estate trade association member organizations composing the Commercial Real Estate Diverse Supplier (CREDS) Consortium.[14]

In 2017, the organization opposed the full-expensing of structures proposed under the Tax Cuts and Jobs Act (TCJA), arguing for real estate investment to be "demand-driven, not tax-driven."[15]

On January 8, 2020, the organization issued a statement strongly denouncing the January 6 United States Capitol attack.[16]

The Real Estate Roundtable wrote to U.S. President Joe Biden in December 2022, urging the federal government to both influence a greater return to office work from remote work, and to expedite under-used office space conversions for housing.[17]

Membership

Since 2021, 67% of the organization is composed of members from public and privately owned real estate enterprises. An additional 20% of members are connected to financial services, 3% are asset managers, and 10% are real estate trade associations.[18]

Membership is by invitation and is divided between two tiers, Roundtable and President's Council, each with a cap of 100 members. Membership in Roundtable is offered to leaders of national real estate entities or major real estate trade associations. All four annual meetings are open to members of the Roundtable. Membership of the President's Council is also offered to industry leaders, but those whose operations may be more regional. These members are invited to two of the annual meetings, the Annual Meeting and the State of the Industry meeting.

See also

External links

Notes and References

  1. https://www.caltech.edu/about/news/caltech-mourns-the-death-of-trustee-nelson-c-rising "Caltech Mourns the Death of Trustee Nelson C. Rising"
  2. https://www.rer.org/detail/2020/05/15/jim-didion-real-estate-pioneer-ex-cbre-ceo-national-realty-committee-chair-emeritus "Jim Didion, Real Estate Pioneer, Ex-CBRE CEO, National Realty Committee Chair Emeritus"
  3. https://quod.lib.umich.edu/b/bhlead/umich-bhl-2011097?byte=69153509;focusrgn=bioghist;subview=standard;view=reslist "A. Alfred Taubman papers: 1942-2014"
  4. https://www.legistorm.com/organization/summary/33031/Real_Estate_Roundtable_Inc_.html "Real Estate Roundtable Inc."
  5. https://www.nytimes.com/1985/06/09/realestate/developers-troubled-by-reagan-tax-plan.html "DEVELOPERS TROUBLED BY REAGAN TAX PLAN"
  6. https://books.google.com/books?id=oPi2SNHhowcC&pg=PA221 Critical Infrastructure: Homeland Security and Emergency Preparedness
  7. https://www.reisac.org/about-the-isac "Sharing Information to Counter Terrorism... and Protect People and Property"
  8. https://www.leadersmag.com/issues/2014.4_Oct/ROB/LEADERS-Jeffrey-DeBoer-The-Real-Estate-Roundtable.html The Power of Real Estate
  9. https://www.chicagotribune.com/news/ct-xpm-1998-06-17-9806170325-story.html "ZELL GROUP ALUMNUS ROWE CHOSEN TO HEAD INDUSTRY LOBBYING GROUP"
  10. https://bostonrealestatetimes.com/real-estate-roundtable-approves-john-f-fish-as-chair-elect-for-2021-establishes-equity-diversity-and-inclusion-committee/ "Real Estate Roundtable Approves John F. Fish as Chair-Elect for 2021, Establishes Equity, Diversity and Inclusion Committee"
  11. https://urbanland.uli.org/sustainability/incentivizing-a-green-revolution-for-commercial-real-estate-with-the-inflation-reduction-act/ "Incentivizing a Green Revolution for Commercial Real Estate with the Inflation Reduction Act"
  12. https://www.rer.org/members/policy-advisory-committees Policy Advisory Committees
  13. https://www.naiop.org/research-and-publications/magazine/2017/summer-2017/business-trends/five-decades-of-cre-and-naiop/ "Five Decades of CRE and NAIOP"
  14. https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/icsc-and-partner-associations-form-the-commercial-real-estate-diverse-supplier-consortium "ICSC and Partner Associations Form the Commercial Real Estate Diverse Supplier Consortium"
  15. https://taxfoundation.org/1980s-tax-reform-cost-recovery-and-the-real-estate-industry-lessons-for-today/ 1980s Tax Reform, Cost Recovery, and the Real Estate Industry: Lessons for Today
  16. https://www.rer.org/detail/2021/01/09/mob-storms-capitol-building-as-congress-certifies-electoral-college-vote-roundtable-denounces-violence-urges-unity Mob Storms Capitol as Congress Certifies Electoral College Vote; Roundtable Denounces Violence, Urges Unity
  17. https://www.bdcnetwork.com/blackstone-starwood-among-real-estate-giants-urging-president-biden-repurpose-unused-federal-office "Blackstone, Starwood among real estate giants urging President Biden to repurpose unused federal office space for housing"
  18. https://www.rer.org/about-us/mission Mission