She will be assuming leadership of the association as it is navigating issues integral to commercial real estate and, of course, REITs. For example, in August, NAREIT submitted a letter to the IRS and Treasury Department requesting guidance on distressed debt regulations. It has also been active in FASB's and the IASB's proposal of multiple lease accounting methods, submitting comments on this in September.
NAREIT also announced that its first vice chair for 2010 is Bryce Blair, chairman and CEO of AvalonBay; its second vice chair is Donald C. Wood, president and CEO of Federal Realty Investment Trust; and treasurer is W. Edward Walter, president and CEO, Host Hotels & Resorts.
Also serving on the executive committee in 2010 will be Richard B. Clark, president and CEO, Brookfield Properties; Michael D. Fascitelli, president and CEO of Vornado Realty Trust; William P. Hankowsky, chairman, president and CEO, Liberty Property Trust; Ronald L. Havner, Jr., vice chairman, president and CEO, Public Storage; Edward H. Linde, CEO, Boston Properties; Peter S. Lowy, joint-CEO, the Westfield Group; Constance B. Moore, president and CEO of BRE Properties; David J. Neithercut, president and CEO, Equity Residential; Walter C. Rakowich, CEO of ProLogis; Martin E. Stein, Jr., chairman and CEO, Regency Centers; and Jay Sugarman, chairman and CEO, iStar Financial.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
