Understanding the National Association of Real Estate Investment Trusts (Nareit)
Nareit, founded in the swinging 60s, not just for the love of paisley and Beatles’ haircuts, but for changing the way small investors tap into big-time real estate. This trade association, nestled in the power corridors of Washington, D.C., shoulders the colossal task of advocating for the diverse REITs (Real Estate Investment Trusts) market.
Key Takeaways:
- Nareit’s Family Tree: Represents an enchanting mix from commercial equity REITs to those mystical mortgage REITs, including the big league players traded on Wall Street.
- Policy Whisperers: These folks talk to the powers-that-be in both domestic and exotic halls of power, aiming to sculpt policies that smell of fresh mint… and money.
- The Perks Club: Membership offers backstage passes to the rock concerts of real estate insights, exclusive events, and some nifty savings — sort of like the VIP lounge where the real estate cool cats swing.
The Majesty of Nareit’s Mission
Think of Nareit as the real estate world’s knight in shining armor. With a mission that goes beyond mere advocacy, it helms the valiant quest to democratize investments in income-producing real estates via REITs. They represent a whopping over $3.5 trillion in high-rise, streetside, and flip-floppable beachside assets across the U.S.
Outreach and Influence:
- Olympics of REITs: Playing alongside international real estate teams like the FTSE Group and European Public Real Estate Association, Nareit helped spin the FTSE EPRA/Nareit Global Real Estate Index Series—a scoreboard of global real estate equity performance.
- Green is the New Black: Not just making money, but making it sustainably is in vogue at Nareit’s court, thanks to their Real Estate Sustainability Council pushing the environmental agenda since 2016.
The Inner Workings of Nareit
The bridge between a mob of industries and governmental Tycoons is not manned by anyone less than an all-star executive board. These high rollers, ranging from CEOs to real estate moguls, juggle budgeting, planning, and probably a fair bit of crisis management—think of them as the Avengers, but for real estate.
Headquarters of Networking:
- Elite Gatherings: If real estate had a Met Gala, Nareit’s events and conferences would be it. Here, titans of the industry mingle, share trade secrets and occasionally, indulge in real estate gossip.
- Info-tainment: Dig into robust databases and research publications—it’s like Netflix but for real estate buffs.
Special Considerations:
Beyond its stellar advocacy, Nareit also moonlights as a matchmaker in international political realms and struts a profound commitment towards sustainability — making green the new gilded in real estate narratives.
Relatable Terms:
- REITs: Investment vehicles that own, operate, or finance income-generating real estate.
- Equity REITs: These entities own and manage real estate properties and are the main attraction in Nareit’s roster.
- Mortgage REITs: They provide financing for real estate by purchasing or originating mortgages and mortgage-backed securities.
Further Study:
- Investing in REITs: Real Estate Investment Trusts by Ralph L. Block
- The Intelligent REIT Investor: How to Build Wealth with Real Estate Investment Trusts by Stephanie Krewson-Kelly, R. Brad Thomas
Morty Bricks, signing off but never selling out, especially not in real estate!
