The Real Estate Roundtable

The Real Estate Roundtable
AbbreviationRER
TypeNonprofit association
Trade association
Lobbying
Public relations
PurposePublic policy related to real estate
HeadquartersWashington, D.C.
President and CEO
Jeffrey D. DeBoer
Main organ
Board of directors
AffiliationsCommercial Real Estate Diverse Supplier (CREDS) Consortium
RE-ISAC
Websitewww.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][2]

History

In 1999, the National Realty Committee (NRC) became The Real Estate Roundtable.[3][1][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]

  • Equity, Diversity, and Inclusion (ED&I)
  • Homeland Security Task Force (HSTF)
  • Real Estate Capital Policy Advisory (RECPAC)
  • Research
  • Sustainability Policy Advisory (SPAC)
  • Tax Policy Advisory

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.[citation needed]

See also

References

  1. ^ a b "A. Alfred Taubman papers: 1942-2014" Bentley Historical Library, University of Michigan. Accessed February 24, 2023.
  2. ^ "Caltech Mourns the Death of Trustee Nelson C. Rising" California Institute of Technology. February 11, 2023. Accessed February 24, 2023.
  3. ^ "Jim Didion, Real Estate Pioneer, Ex-CBRE CEO, National Realty Committee Chair Emeritus" The Real Estate Roundtable. May 15, 2020. Accessed February 24, 2023.
  4. ^ "Real Estate Roundtable Inc." Legistorm. Accessed February 24, 2023.
  5. ^ "DEVELOPERS TROUBLED BY REAGAN TAX PLAN" Michael Decourcy Hinds, New York Times. June 9, 1985. Accessed February 26, 2023.
  6. ^ Critical Infrastructure: Homeland Security and Emergency Preparedness Second Edition, Robert S. Radvanovsky and Allan McDougall, CRC Press. 2009. Page 221. Accessed February 25, 2023.
  7. ^ "Sharing Information to Counter Terrorism... and Protect People and Property" Real Estate ISAC. Accessed February 25, 2023.
  8. ^ The Power of Real Estate Leaders Magazine. VOLUME 37, NUMBER 4, page 317. Accessed February 25, 2023.
  9. ^ "ZELL GROUP ALUMNUS ROWE CHOSEN TO HEAD INDUSTRY LOBBYING GROUP" J. Linn Allen, Chicago Tribune. June 16, 1998. Accessed February 26, 2023.
  10. ^ "Real Estate Roundtable Approves John F. Fish as Chair-Elect for 2021, Establishes Equity, Diversity and Inclusion Committee" Boston Real Estate Times. September 30, 2020. Accessed February 25, 2023.
  11. ^ "Incentivizing a Green Revolution for Commercial Real Estate with the Inflation Reduction Act" Mame Frimpong, 2Urban Land Institute. October 24, 2022. Accessed February 24, 2023.
  12. ^ Policy Advisory Committees The Real Estate Roundtable. Accessed February 24, 2023.
  13. ^ "Five Decades of CRE and NAIOP" Margarita Foster, Development magazine. Summer 2017. Accessed February 24, 2023.
  14. ^ "ICSC and Partner Associations Form the Commercial Real Estate Diverse Supplier Consortium" Financial Post. February 14, 2023. Accessed February 24, 2023.
  15. ^ 1980s Tax Reform, Cost Recovery, and the Real Estate Industry: Lessons for Today Alex Muresianu, Tax Foundation. July 23, 2020. Accessed February 24, 2023.
  16. ^ Mob Storms Capitol as Congress Certifies Electoral College Vote; Roundtable Denounces Violence, Urges Unity The Real Estate Roundtable. January 8, 2021. Accessed February 28, 2023.
  17. ^ "Blackstone, Starwood among real estate giants urging President Biden to repurpose unused federal office space for housing" PETER FABRIS, Building Design+Construction. JANUARY 9, 2023. Accessed February 24, 2023.
  18. ^ Mission The Real Estate Roundtable. Accessed February 24, 2023.