IREM Foundation Funds Grant to Promote Women’s Property Rights in Uganda
(June 2014) The IREM Foundation has awarded a grant to The International Real Property Foundation (IRPF) in partnership with IREM to sponsor a property management seminar at the third Annual Real Estate Conference in Kampala, Uganda. AREA-Uganda, an association of real estate agents, started this conference with the goal of assisting in the professionalization of the real estate industry in Uganda, specifically by expanding and promoting women’s property and land rights and helping women in the industry by providing quality education and networking opportunities.
The real estate sector in Uganda is a fast-growing market and key to the country’s overall economy. Among real estate practitioners, brokers still form the majority, but they are generally an informal group, with no trading license or education. As a result, the market distrusts them and there is resistance to using their services. Consequently, many businesses have collapsed and service level is generally poor, despite the fact that the majority of the Ugandan society would benefit from a professional real estate sector.
Ugandan women, in particular, face injustice and struggle when it comes to having security in their land and property. Property rights in Uganda, like many African nations, tend to be male dominated. This dependency on men leaves women vulnerable and without a stake in their property in the events of divorce, death of a spouse or male relative. Females account for the vast majority of agricultural labor (around 80%) and food production, and thus have a major stake in land issues. However, the majority of Ugandan women lack education in real estate, where land is a basic component, making them vulnerable when negotiating property rights. This conference aims to advance and empower women by providing them knowledge on property rights, and exposing them to greater opportunities to earn an income and secure a role in their communities in a real estate profession.
IREM’s one-day seminar will introduce the field of property management, and include the basics on how to establish a property management company, as well as a section on using social media tools effectively in business. Organizers expect close to 100 attendees, including representatives of various Ugandan government ministries. The conference has also secured funding from the Women’s Council of Realtors and Serena Corporation. It is planned for November 2014.
Japan Property Managers Gather in Kyoto for Seminar, New CPM Installation
(June 2014) Kyoto was the gathering place for real estate management professionals from throughout Japan who assembled last week for a seminar sponsored by the IREM Japan Chapter and featuring speakers representing real estate markets in the United States, Taiwan, and China.
IREM President Joseph Greenblatt, CPM, the seminar’s kick-off speaker, noted that successful management companies understand that a new real estate business model has emerged. “The business model of today is based on a return to fundamentals, to value creation through operational excellence,” said Greenblatt.
“Property managers are being asked to do much more, to move beyond the maintenance and operation of a building and manage the property as the financial asset it is - in effect, to function as asset managers.” What this means, according to Greenblatt, is that “management is being recognized and relied upon for the value it brings to the real estate investment process.”
Other speakers at the seminar were Michelle Wong, CPM, and Hideki Hayashi, both of Honolulu, Hawaii; Michael Tseng, CCIM, of Taipei, Taiwan; and James Lee, CPM, of Boston, Massachusetts, whose primary business interests are in China and who shared insights into China’s fast-growing real estate market.
The day following the seminar was the annual meeting of the IREM Japan Chapter, where the highlight was the installation of 46 new CPM designees. Speaking to the more than 150 in attendance, Greenblatt congratulated the new class of Japan CPM Members, telling them “You are now part of a global community of dedicated real estate management professionals throughout the world, as well as members of one of IREM’s most vibrant, growing chapters.” He attributed IREM’s success in Japan to “an outstanding cadre of strong leaders and a commitment of all of its members to elevating the real estate management profession in Japan.”
IREM Explores Opportunities in Kazakhstan
(April 2014) IREM recently accepted an invitation to participate in the first-ever professional real estate conference in Kazakhstan- Commercial Real Estate Week. Commercial Real Estate Week, a 2-day event in the capital of Astana, fills a desperate need in this booming economy, where, up until recently, practitioners looking to attend a professional conference had to travel to a neighboring country to find one. Kazakhstan, a former Soviet Republic located in central Asia, has become a hot spot for real estate thanked to its oil economy.
At the conference, IREM (represented by Leah Misbin, Senior Manager of International Programs) presented on the Profile of US Property Management Companies and using social media as a business resource. It is anticipated that Commercial Real Estate Week will become an annual event. An MOU was signed between IREM and the conference organizers, CREW, with a goal of further developing an IREM presence in Kazakhstan through the relationship.
Sergey Apenko, CPM, a property manager from Astana attending the conference, stated, “We need training locally; our market requires quality management specialists. Right now, the market is not open to it. Developers think they can oversee management themselves and cut costs, but the result is actually more costly in the long run.” He sees this conference as a sign that Kazakhstan is starting to understand the importance of real estate education and, by presenting sessions solely on management, it is highlighting an important aspect to the ongoing success of Kazakh real estate projects.
In Kazakhstan's largest city, Almaty, Denis Makeyev, CPM, provided a tour of Esentai Towers, a 53,704 sqm (578,065 sqf) Class A multi-use complex, designed by Skidmore, Owings & Merrill LLP. Esentai Towers includes a retail center, luxury residences, office space, and a hotel. Its state-of-the-art amenities have facilitated the expansion of many international brands and companies into Kazakhstan includes Central Asia’s first Saks Fifth Avenue and Ritz Carlton.
IREM Advances Collaboration with Colleagues in Hungary
(April 2014) IREM President Joseph Greenblatt, CPM, was in Budapest last week to meet with members of the Hungarian Association of Real Estate Managers (HAREM). IREM has had a relationship with HAREM since 1996, when the two organizations first entered into a protocol agreement that committed both organizations to enhancing the profession of property management in Hungary and exchanging best practices between practitioners within the two countries.
Speaking before some 35 property management executives, Greenblatt reinforced the trend toward globalization, noting that “As the real estate market gets bigger and more global, successful management companies will see value in being part of a global network – either by being part of a multinational company or by being connected with other professionals through organizations like IREM and HAREM that reach out beyond their own national borders.”
IREM Connects Globally at MIPIM
(March 2014) IREM leaders traveled to Cannes, France, for MIPIM 2014, which brought together more than 20,000 real estate investors and practitioners from 86 countries.
“MIPIM has been called the world’s largest property market,” according to IREM CEO Russ Salzman, who was there with IREM President Joseph Greenblatt, CPM. “For IREM,” continued Salzman, “MIPIM provides four jam-packed days of opportunity to meet with partner organizations from throughout the world, engage in dialogue about where the market is headed, and get an inside look at global trends in real estate both through casual conversations and by attending formal presentations.”
Among some of the topics generating discussion at MIPIM were technology, with emphasis on its impact on office space utilization and office design, and sustainability.
IREM Participates in Guatemala Conference
(January 2014) IREM joined representatives of real estate management organizations from nine Latin American countries for a conference in Guatemala City held on January 27-28 that centered on the theme of innovation in property management. Throughout the two-day conference, the focus was on elevating the stature of property management and strengthening the role it plays in the real estate sector. Technology, legislation, sustainability, and client relations were among the topics that wove through the presentations.
Representing IREM was Nancye Kirk, Vice President of Global Services, who spoke on the topic of building value through effective property management. Also taking part in the conference, hosted by CADIG, the leading association for property management in Guatemala, were delegates from Argentina, Brazil, Chile, Colombia, Mexico, Paraguay, Peru, and Uruguay.
New International Session to premier in Scottsdale
A new international session, entitled the International Forum, has been added to the schedule of events for the 2013IREM Fall Leadership Conference. The International Forum will feature activity reports from international chapters and partners. The forum is open to all conference attendees and is a great way to learn more about IREM business outside the U.S. This session replaces the International Services Advisory Board, which was disbanded in October 2012.
To learn more about property management abroad, make sure to attend the Global Business Practices Forum. The topic will be Implementing Alternative Energy Projects, and will feature speakers from Japan, China, and the U.S. talking about wind and solar energy innovations at their properties from a practical point-of-view.
IREM delegation heads to Eastern Europe
(September 2013) President Beth Machen, CPM, and IREM staff headed to Eastern Europe in September. First stop was Warsaw, Poland, where meetings were held with Poland Chapter No. 108. Next, they traveled to Moscow, Russia to attend ProEstate, a three-day forum combining exhibition, education sessions, site visits, and networking events, specializing in advancing professionals in, or looking to enter, the Russian real estate market. During the conference, President Machen spoke on the residential housing market. The IREM delegation also met with staff of their two licensees in Russia—the Russian Guild of Realtors and the Guild of Managers and Developers, as well as members of Russia Chapter No. 109. Lastly, IREM staff attended Real Estate Association of Odessa’s conference in Odessa, Ukraine.
IREM Represented at Real Estate Week in Sao Paulo, Brazil
(September 2013) IREM President Beth Machen, CPM, and Executive Vice President Russ Salzman attended Real Estate Week in Sao Paulo, Brazil. Along with representatives from NAR, IREM participated in the Real Estate Showcase, a networking event for professionals in the Brazilian and international real estate market, as well as attend property tours to view new innovations in development. They also had the chance to meet with members of Brazil Chapter No. 111.
IREM representatives also visited Rio de Janeiro to formally sign an agreement with licensee SECOVI-Rio to finalize an equivalency program towards fulfilling the ARM education requirements.
CPM from Toronto Installed as President of REIC
(June 2013) The Real Estate Institute of Canada (REIC), IREM’s long-time partner in Canada, will again be led by a CPM. Ron Fraser, CPM, with Infrastructure Ontario in Toronto, has taken over as REIC president for the 2013-2014 term, succeeding Suzanne LeValley, CPM, who had held the position for two years. Working with Fraser as vice president will be Ron Penner, CPM, of Winnipeg, MB. The new officers assumed responsibilities at the REIC Annual General Meeting held in Toronto in early June. REIC has just under 1,800 members, including 518 CPM Members and 180 ARM Members.
IREM Saskatchewan Chapter Wins Outstanding Canadian Chapter Award
(June 2013) Saskatchewan Chapter No. 117 was presented the Outstanding Canadian Chapter Award during the IREM Region 14 Leadership Conference in Toronto that preceded REIC’s Annual General Meeting. With 11 corporate outreach visits, the Saskatchewan Chapter shone in 2012. All seven Canadian chapters received chapter star awards for their activities in 2012.
IREM Conducts Regional Leadership Conference in Canada
(June 2013) The annual IREM Region 14 Leadership Conference took place in Toronto, Ontario, June 5-6—immediately prior to the Real Estate Institute of Canada (REIC) annual general meeting. IREM President-Elect Joe Greenblatt, CPM, and IREM Instructor Cindy Clare, CPM, actively participated in the conference, where sessions focused on strategic marketing of IREM chapters as well as leadership development both in a volunteer role and on the job.
During the conference, IREM leadership installed several new CPM and ARM Members, presented Star Chapter awards to all seven IREM Canadian chapters, and awarded the IREM Outstanding Canadian Chapter.
Suzanne LeValley, CPM, RVP for IREM’s Region 14, stepped down after having served two years as REIC’s president.
IREM President on Panel at 2013 FIABCI World Congress in Taichung, Taiwan
(May 2013) Taichung, Taiwan, was the setting in May for the 2013 FIABCI World Congress. IREM was represented by IREM President Beth Machen, CPM, who participated on a panel discussion that brought together a developer from Taiwan and an architect from France in addition to the perspective of management. The session was moderated by Joseph Lin, managing director of CBRE in Taiwan. Also attending the FIABCI Congress as an IREM delegate was Nancye Kirk, IREM vice president of global services.
FIABCI is an international federation of 100 real estate associations of all disciplines and property types; IREM is a principal member.
Japan Chapter No. 110 Celebrates 10th Anniversary at Annual Meeting
(May 2013) IREM approved its first chapter in Asia in 2003 when it chartered IREM Japan Chapter No. 110. Now in its 10th year, the Japan Chapter boasts 248 members, 14 of whom are new CPM designees who were installed by IREM President Beth Machen in Fukuoka in May. The chapter also received IREM’s International Star Chapter Award in acknowledgment of its outstanding work throughout 2012, when 35 new CPM Members were brought on board following a series of successful course offerings.
Headquartered in Tokyo, the Japan Chapter regularly hosts course offerings in Fukuoka and boasts a number of members from that city. Yasunori (Tiger) Yamamoto, CPM, will continue as the president of the chapter for a second year.
IREM Attends MIPIM Conference in Cannes, France
(March 2013) More than 20,000 real estate practitioners gathered in Cannes, France, for MIPIM, which brings together the most influential players from all sectors of real estate. IREM was represented by President Beth Machen, CPM, and CEO Russell Salzman. While there they met with colleagues from throughout Europe, including Norway and Russia, as well as their counterparts from RICS.
First Round of CPM Courses Completed in Bulgaria
(March 2013) Through a partnership with FIABCI-Bulgaria that launched in 2011 and was completed earlier this month, the full CPM curriculum has been presented in Bulgaria. The final capstone session was offered in Sofia by instructor Fred Prassas, CPM, with nearly 20 students sitting for the CPM exam and the MPSA. It is anticipated that most, if not all, of these students will soon become CPM Members.
Korea Chapter Grows with Installation of New CPM Members
(March 2013) Seven new CPM Members were installed in Seoul, Korea, during the annual meeting of IREM Korea Chapter No. 112 held in Seoul on March 28. Vice president of global services, Nancye Kirk, represented IREM Headquarters at that meeting. IREM has had a presence in Korea since 2002 when its education program kicked off; the Korea Chapter was established in 2004.
LLS2013: Topic Set for Global Business Practices Forum
All IREM members are welcome to attend the Global Business Practices Forum, taking place April 7 during the Leadership and Legislative Summit in Washington, DC. This year’s topic will be The Value of Water: Economics and Ecosystems. In this session, explore the current state of water around the world. Consider how successful water management is crucial to your business, community, and country.
IREM Visits Rio de Janeiro, Brazil
(January 2013) Senior Manager of International Programs, Leah Misbin, traveled to Rio de Janeiro to meet with executives from SECOVI-RIO to discuss IREM education in Brazil and membership growth. Property management in Rio is abuzz as the city prepares for the upcoming World Cup soccer tournament next year and the 2016 Summer Olympics.
SECOVI-RIO has been IREM’s licensing partner since 2010. IREM also has a partnership with SECOVI-SP in Sao Paulo, which serves as administrator of IREM Brazil Chapter No. 111.
IREM Renews Ties with Longtime Canadian Partner
(January 2013) CSO Nancye Kirk and Leah Misbin went to Toronto to meet with staff from the Real Estate Institute of Canada (REIC)‐IREM’s partner in Canada for over 30 years‐to reconnect and plan for 2013. On the agenda was enhancing member services and benefits for Canadians, Canadian versions of IREM course material, and planning for the June 2013 Region 14 Leadership Conference.
REIC comes off a great year in terms of course offerings and membership growth. In 2012 alone, REIC added 83 new IREM Members, offered 37 classroom courses in 9 cities, and had 142 self-paced course enrollments. Apart from this, REIC also administers six credentials of its own.
2012 International News
2011 International News