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’s mission is to actively advocate for REIT-based real estate investment with policymakers and the global investment community. 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]
History
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]