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NAREIT Prepares for Convention, Elects New Officers

WASHINGTON, DC-The association is moving forward with plans for a fall convention that has been altered substantially in the aftermath of the September 11 terrorist attacks on the Pentagon and World Trade Center.

By Marlon Millner | Updated on September 28, 2001

WASHINGTON, DC-The National Association of Real Estate Investment Trusts recently completed its annual elections for 2001-2002. While the election took place weeks prior to the association’s annual convention in Chicago, October 10 to 12, the results were announced in the aftermath of terrorist attacks on public and private property, which may dramatically alter the way REITs do business in this country.

“There were immediate questions for the office sector, as well as for any travel or tourism impacted sector,” NAREIT spokesman Jay Hyde tells GlobeSt.com. “Lodging REITS have been affected and given the questions and attention on those and other sectors, we have since modified our programming for the annual convention.” Specifically, Hyde said that the association will have two general sessions on the impact of the attacks on the Pentagon and the World Trade Center. The morning general session will examine the impact on each major REIT sector, particularly office and lodging. An afternoon general session will look at impact for the REIT industry overall. Issues to be discussed, Hyde said, include a potentially altered financing landscape, the situation regarding insurance and its availability, and property security.

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