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32 IREM Chapters Report Giving $328,000+ to Charities in 2009

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Chicago, March 8, 2010 – A sampling of 32 Institute of Real Estate Management (IREM) Chapters in the United States shows that they gave approximately $328,000 in cash plus donations of food, toys and personal time to charitable organizations in 2009. The principal funding source by far is golf outings, followed by fundraisers at chapter events such as 50/50 raffles, silent auctions and casino nights at luncheon and dinner meetings as well as galas and picnics.

The vast majority of donation recipients were local health and social service agencies for both children and adults; others include Special Olympics, Toys for Tots, Habitat for Humanity, food banks, military troops, scholarship funds and the IREM Foundation.

“We are extremely pleased to be able to document some of the extensive efforts by our membership to give back to their communities in these very tangible and meaningful ways,” said IREM President O. Randall Woodbury, CPM, Woodbury Corp., Salt Lake City, UT. “This is our first effort to identify the extent of what we sensed was going on in many of the communities in which IREM has a presence around the country; it convinces us that much more is happening than has been reported to date,” he added.

Long Term, Substantial Programs
The responding chapters indicated several longstanding community support programs, one going back 40 years (Arkansas) and three going back 30 years (Dallas, Houston and New Jersey). The Houston Chapter has contributed more than $1 million over the last 20 years to Harris County Protective Services. Three chapters (Greater Metropolitan Washington D.C., Northern Virginia and West Central Maryland) have collaborated to stage a black-tie gala that has raised $126,900 over the last four years for children with cancer and their families. In addition, the Greater Metropolitan Washington D.C. Chapter has raised $80,000 over the past 12 years for Special Olympics.

Similarly, the Nebraska Chapter has contributed $143,000 to Special Olympics over the last 11 years and was given the “Champion of Greatness” Award for 2008 by Nebraska Special Olympics. In addition, the Indianapolis Chapter has raised $75, 000 over the last 11 years for the Learning Center for Children and  $40,000 over the last three years for Ronald McDonald House with a 5K Run and Walk event it created.

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM) has been the source for education, resources, information, and membership for real estate management professionals for more than 75 years. An affiliate of the National Association of Realtors, IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors. With 80 U.S. chapters, 12 international chapters, and several other partnerships around the globe, IREM is an international organization that also serves as an advocate on issues affecting the real estate management industry.

Membership includes more than 18,000 individual members and 515 corporate members. IREM promotes ethical real estate management practices through its credentialed membership programs, including the Certified Property Manager (CPM) designation, the Accredited Residential Manager (ARM) certification, the Accredited Commercial Manager (ACOM) certification, and the Accredited Management Organization (AMO) accreditation. These esteemed credentials certify competence and professionalism for those engaged in real estate management. In addition, IREM offers Associate, Student, and Academic memberships.

Collectively, IREM CPM Members in the United States manage over $1.5 trillion in real estate assets, including 8.4 million residential units and 8.4 billion net square feet of commercial space. An additional 977,400 residential units are managed by IREM ARM Members. IREM Members are employed by some of the most prestigious real estate firms in the world and nearly 70% hold upper-level management positions. Due to their professionalism and vast experience, property owners and investors worldwide continually seek out the management services of IREM Members.

To learn more about the Institute of Real Estate Management and its chapter network, call (800) 837-0706, Ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org.