The International Real Estate Society (IRES) presented the National Association of Real Estate Investment Trusts (NAREIT) with its 2008 IRES Corporate Excellence Award in April at the recent American Real Estate Society Annual Meeting in Captiva Island, Fla.
The IRES Corporate Excellence Award is awarded to organizations that demonstrate outstanding leadership in fostering the growth and evolution of the international real estate industry.
‘NAREIT has been an outstanding ambassador for the development and promotion of REITs both in the U.S. and internationally. NAREIT has played a leading role in assisting in the development of EPRA and the Asian Public Real Estate Association to [facilitate] global professional coverage of the global REIT markets,’ states IRES.
IRES also cited NAREIT's work with EPRA and FTSE Group in recent years to develop performance benchmarks for investors that encourage real estate investment through REITs and listed real estate. ‘In particular, a range of global real estate securities indices are now available at the global and regional levels that have greatly facilitated research in many of the rapidly developing REIT markets,’ the group says.