The European Public Real Estate Association (Epra) and the US-based National Association of Real Estate Investment Trusts (Nareit) have become full members of Reita, the educational and awareness campaign in the UK for REITs and property investment. Up to now EPRA and NAREIT had supporting organisation status with Reita. In a statement on Thursday, Reita said Epra and Nareit are also joining Reita's executive committee and will be involved in setting the organisation's strategic direction.
The European Public Real Estate Association (Epra) and the US-based National Association of Real Estate Investment Trusts (Nareit) have become full members of Reita, the educational and awareness campaign in the UK for REITs and property investment. Up to now EPRA and NAREIT had supporting organisation status with Reita. In a statement on Thursday, Reita said Epra and Nareit are also joining Reita's executive committee and will be involved in setting the organisation's strategic direction.
Based in the Netherlands, Epra promotes, develops and represents the European public real estate sector and also establishes best practice in accounting, reporting and corporate governance. It encourages discussion of issues impacting the industry, both within its membership and with governmental and regulatory bodies.
Washington-based NAREIT is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in US real estate and capital markets. It has over 2,000 members, consisting of REITs and other businesses that own, operate, and finance income-producing real estate.
Philip Charls, CEO of Epra, commented: 'We have worked closely with Reita over recent years and by becoming a full member we expect to strengthen our relationship and help to raise awareness in the UK investment community of the importance of transparency and best practice reporting, which are central to our mission.'
Reita also announced that Green Street Advisors has become a member firm. Founded in 1985, Green Street Advisors is an independent research, trading and consulting firm concentrating on Real Estate Investment Trusts and other publicly traded real estate securities, with offices in Newport Beach, Dallas and London.
