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INDIANAPOLIS—The Tenant-in-Common Association will be TICA no more as of June 1. At that time, the name will officially change to Real Estate Investment Securities Association, or REISA for short. The new name was unveiled at TICA’s spring meeting, which took place in San Diego March 18-20 and was officially announced in a company release today.

As previously reported, organization leaders say the change is reflective of the association’s broadening of scope to include other securitized real estate products beyond TICs and DSTs. The new name will therefore better reflect the variety of products sold by many of its members.

Association president Bill Winn noted during the conference that real estate funds and real estate mutual funds, oil and gas programs and publically registered non-traded REITs and private REITs are included in the association’s new direction. Also included are note, loan, mortgage and energy and natural resources investment programs that are attached to land and sold as securities. Though Winn said TICs and DSTs will continue to be the association’s primary focus, discussions and conversations during last month’s conference highlighted the need for and wisdom in diversifying beyond those kinds of investments.

Winn said one of REISA’s first goals will be to add new members. The new REISA will also provide a wider range of educational opportunities to help members survive in the current environment. The organization’s conference system is also being redesigned to reflect and support its expanded focus, Winn said.

An in-depth article on TICA ran in TIC Monthly. To read the story click here.

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