The Real Estate Investment Advisory Council (REIAC) was established as a nonprofit trade association to provide a forum for the exchange of ideas, concerns and experiences among senior executives who conduct commercial real estate transactions.
We are an exclusive national fellowship of top real estate executives that offers superior educational events, networking opportunities and community service. Our institutional quality programs are presented in a social environment where our members can share experiences and knowledge with their peers. Our events encourage members to broaden horizons and develop personal relationships that further their success within the industry.
Our organization differs from others by limiting its membership to senior level executives at companies, who act as principals, whose function is to develop, acquire, manage and/or finance commercial investment real estate. Our meetings and conferences provide an environment for relaxed communication within an intimate and upscale setting. We honor our relationships with each other by sharing rather than selling. As a result, REIAC is known throughout the national investment community as one of its premier associations.
REIAC was founded in Los Angeles in 1990. It became a national organization in 1994 with the founding of an Eastern US Chapter in Atlanta. It has grown steadily to include regional chapters in Atlanta, Los Angeles, Boston and Phoenix. Each region has its own president and board of directors who are responsible for the meetings and activities within their geographic area, yet all regions share a common purpose and philosophy and abide by certain policies and procedures.
To provide continuity among the different regions, there is a National Board of Directors, consisting of the presidents of the various regions. REIAC now has approximately 500 members nationwide.
The mission of REIAC is to encourage communication and the candid sharing of insights and experiences in order to build a foundation for wiser and more prudent investing, thereby allowing its members to better serve their own operations, financial intermediaries, private investors and pension fund clients. This ultimately promotes healthier competition and a more stable investment environment, which, in turn, leads to a healthier real estate economy on the whole.
Overall, REIAC seeks to improve the investment management arena through an increased awareness of the following:
To date, REIAC has raised over $1 million for various charities, including: Children’s Healthcare Network of Atlanta, Habitat for Humanity, The National Veteran’s Foundation and organizations serving underprivileged children and the homeless.
Other community activities include: the authorship of publications addressing timely industry issues; helping women and minorities network within the group to promote their careers; and working with centers of higher learning (such as Arizona State University, the University of Southern California and Georgia State University’s Real Estate Department at the J. Mack Robinson College of Business) to induct industry icons into the national archives at the USC Lusk Center Real Estate Hall of Fame and the REIAC/GSU Hall of Distinction. REIAC also has several ongoing initiatives in place that provide postgraduate student educational and scholarship programs.
REIAC membership standards are proprietary and determined by its directors. In general, membership is by invitation only and limited to individuals who are at senior management levels of well-established real estate investment entities. These entities must be acting as principals in the areas of acquisitions, dispositions, development, asset management and finance.
Potential members must demonstrate the requisite experience, competence and ethics within their respective fields and have a desire to utilize their skills in a manner that will improve the community and the profession.
Each REIAC chapter has one or more Sponsors, who provide financial and administrative support to the chapter. The Sponsors are selected and approved by the Board of Directors on an ad hoc basis and can be companies of qualified REIAC members, or third-party providers to the industry (with the exception of brokerage companies).
In the case of vendors acting as Sponsors, the intent is to allow our Sponsors to build strong friendships with our membership, without the hard sell present in other organizations. Every effort is made by the Board of Directors to choose Sponsors who will enhance the REIAC members’ experience and to avoid duplication of the Sponsor’s type of company within the chapter.