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A smattering of Acronyms

We in Commercial Real Estate love our acronyms.

naiop - the National Association of Industrial & Office Properties is a trade association for developers, owners, investors, asset managers and other professionals in industrial, office and mixed-use commercial real estate. Their research foundation conducts research assessing the trends, economic viability and needs of the built environment.

IREM -Institute of Real Estate Management is an association of Property managers acting nationally to look at trends and issues in property management, serving both Commercial and Residential Real Estate.

BOMA the Building Owners and Management Association is, perhaps, best known for standardizing the way in which buildings are measured, but they continue to publish some of the most widely quoted statistics and information about portfolio, asset and property management perspectives, trends, and information.

N.A.R is the National Association of Realtors. Realtors are Real Estate agents who have chosen to adhere to a higher practice of ethical standards. Real Estate agents can also choose not to be Realtors who cooperate freely with each other to bring real estate transactions to a close successfully for their clients.

U.L.I. is the Urban Land Institute who are based in Washington DC and is a nonprofit education and research institute that focuses on smart land use. They provide information on urban planning, growth and environmental impact of development.

LEED will become more and more visible in the coming years. The Leadership in Energy and Environmental Designation connotes buildings that have met national benchmarks for Green or Environmentally-friendly design and construction.

Networks and education programs such as C.C.I.M. certified Commercial Investment Members or S.I.O.R. the society of industrial and office Realtors only scratch the surface of national designations that real estate agents and brokers, Realtors or non-Realtors can achieve.

January 24, 2007

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