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NAREIT Gives Hatch 'Investor Empowerment' Award

WASHINGTON, DC-Republican US Senator Orrin Hatch of Utah was credited with making it easier for small investors to include real estate stocks in their portfolios through several key pieces of legislation.

By Wendy Watkins | Updated on June 21, 2001

WASHINGTON, DC-The National Association of Real Estate Investment Trusts has awarded Sen. Orrin Hatch, R-UT, with its 2001 Small Investor Empowerment Award. He was awarded the honor during a luncheon on Capitol Hill, where NAREIT president and CEO cited his work to push legislation that makes it possible for small investors to include real estate stocks in their portfolios.

“Senator Hatch has long been a staunch supporter of the commercial real estate industry generally, and of publicly traded real estate companies in particular,” says Wechsler. He credited Hatch for cosponsoring the REIT Simplification Act of 1997, the REIT Modernization Act of 1999, and backing tenant improvement legislation now before Congress.

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