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CONGRESS CREATES REAL ESTATE CAUCUS

The National Real Estate Organizations (NREO), a coalition of 12 national real estate associations, last month applauded the leadership of Representatives Richard Neal (D-MA) and Phil English (R-PA) in creating the Congressional Real Estate Caucus - a bipartisan group of Members of Congress interested in protecting and promoting one of this nation's most important industries - real estate.

As America renews its focus on healthy communities, the real estate sector is prepared to play an enhanced role in those neighborhoods. From environmental initiatives to urban renewal efforts, real estate is a key component of our vision for the future. The Caucus will serve as a forum for Members and invited guests in the real estate field to ensure federal policies facilitate real estate's continued contributions to the national, state, and local economies. Co-chaired by Neal and English, the Caucus was announced during the 1998 Real Estate Summit on Capitol Hill May 12.

'We are very pleased to see so many Members of Congress here to learn more about the importance of real estate in America,' said NAA 1998 President Jerry Molique, CAPS, CPM. 'The real estate industry provides jobs, contributes to the economy, and is vital to every aspect of American life. We provide homes, offices, industrial facilities, recreational areas, and on and on. Real estate is the foundation on which everything is built.'

The 1998 Real Estate Summit, at which the Caucus was announced, brought together real estate practitioners and key policy makers to discuss the relationship between a healthy real estate sector and the country's continued economic growth. Key events included presentations by Michael R. Bloomberg, president of Bloomberg Financial; former Mayor and Congressman William Hudnut; Richard D. Baron of McCormack Baron & Associates and panel presentations on the changing role of real estate and emerging trends in deregulation, taxation, and securitization.

NREO is a coalition of 12 national real estate groups who work together to promote responsible legislation and regulation for a sound and productive real estate economy. Collectively, NREO represents more than 2 million members and companies that own, build, manage, and finance commercial and residential property. Members include: American Resort Development Association; Building Owners and Managers Association International; International Council of Shopping Centers; Manufactured Housing Institute; Mortgage Bankers Association of America; National Association of Home Builders; National Association of Industrial and Office Properties; National Association of Real Estate Investment Trusts; National Association of Realtors; National Multi Housing Council; National Apartment Association; and National Realty Committee.
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Publication:Units
Geographic Code:1USA
Date:Jun 1, 1998
Words:407
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