The Real Estate Roundtable’s membership has approved five new members to serve on its 25-member Board of Directors during the 2024 fiscal year (July 1, 2023 – June 30, 2024). The Roundtable’s Board is effective July 1, elected from the membership, and includes industry representatives from four of The Roundtable’s 18 national real estate trade partners.
Roundtable Board Chair John Fish (SUFFOLK Chairman and CEO) also enters the final year of his three-year term that began on July 1, 2021. Fish said, “We look forward to the contributions of five new commercial real estate leaders who have joined The Roundtable’s Board of Directors. Their individual expertise, insight, and broad skill sets will add to our organization’s highly regarded effectiveness on national policy issues affecting CRE. Our Board, supported by our policy advisory committees and general membership, will continue to engage policymakers in Washington with fact-based, non-partisan analysis. I look forward to working with them on issues such as the negative impact of remote work on municipalities and communities; capital and credit concerns in a high-interest rate environment; and a practical approach to the role buildings can play in helping to achieve climate goals.”
“I also offer my sincere gratitude to our Board members whose terms have expired. Their significant service to the industry during a global pandemic was essential, and we look forward to their continued participation as Roundtable members,” Fish said.
Roundtable President and CEO Jeffrey DeBoer stated, “Roundtable members consistently bring innovative solutions to compelling policy challenges facing CRE. The Roundtable’s Board of Directors represents all major industry activities and asset types, and includes diverse voices from throughout the country. This inclusion ensures that our Board’s decisions are sustainable, flexible, and based in real-world economics. I am eager to continue working with the Board as we advance new recommendations on organizational and strategic policy direction.”
Roundtable President and CEO Jeffrey DeBoer commented, “The Roundtable is excited to welcome these business leaders who bring important perspectives from CRE’s hospitality, financial services and development sectors to our Board and Policy Agenda.”
“We are also grateful for the three years of successful service that Amy Rose (President and Chief Executive Officer, Rose Associates) devoted to our Board of Directors, and look forward to her continued participation as a Roundtable member. Amy is stepping down after lending her expertise during an especially challenging time that spanned a pandemic-driven economic shock.” DeBoer added.
The Roundtable’s 2022 Annual Report addresses the strength and resilience of CRE as the nation seeks greater economic stability, growth, and fairness during an evolving pandemic.
Roundtable Chair John F. Fish (Chairman & CEO, Suffolk) and DeBoer, above, state in the introduction: “As the world faces challenges such as inflation and rising interest rates, supply chain and labor shortages, other local public policy challenges, and increased uncertainty caused by the conflict in Ukraine, the importance of a strong and resilient real estate industry has been underscored yet again. While the way these challenges manifest may be new, the threat of such challenges is something the industry has risen to time and time again.”
Links to the Annual Report and its policy issue areas include:
The Roundtable’s membership represents over 3 million people working in real estate; some 12 billion square feet of office, retail, and industrial space; over 4 million apartments; and more than 5 million hotel rooms. It also includes senior, student, and manufactured housing as well as medical offices, life science campuses, data centers, cell towers, and self-storage properties. The collective value of assets held by Roundtable members exceeds $4 trillion.
National Multifamily Housing Council (NMHC) President Doug Bibby – an industry leader for nearly two decades who has played a major role in advancing real estate’s policy agenda in Washington, DC – announced on Jan. 29 that he will depart the organization in 2021.
“It has been, and continues to be, a great honor and privilege to serve in this position,” said Bibby. “Representing the apartment industry has been one of the most fulfilling and gratifying experiences of my career. I am proud of the work the team at NMHC has done and the strides the industry has taken during my tenure,” he added. (NMHC’s bio on Doug Bibby)
Roundtable President and CEO Jeffrey DeBoer noted, “Among the 18 national real estate trade associations that The Real Estate Roundtable works with on common issues of importance to commercial real estate, NMHC is one that has shown outstanding leadership on important policies such as housing affordability, regulatory reform and the recent reauthorization of the Terrorism Risk Insurance Act. Doug Bibby has played an essential and exemplary role in his large organization’s successes on the policy front since June 2001. He deserves the thanks of the entire industry and we wish him well as he prepares for his next endeavor.”
NMHC’s officers have engaged an executive search firm, Russell Reynolds Associates, and hope to introduce Bibby’s successor at its January 2021 Annual Meeting.