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The Role of Water in Economic Growth and Successful Property Management to be Examined by an International Panel at Upcoming IREM Summit in Washington, DC

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Editor’s Notes:

  • For interviews with panelists, or to cover the session on-site, contact Sharon Peters.
  • As an extension of the panel, international attendees at the IREM meeting will participate in a special tour to learn more about what DC is doing to protect the city’s water and environment with a visit to the District Department of the Environment. They will meet with representatives of Sustainable DC, a committee charged with overseeing green initiatives and toured one of the city’s newest green projects, Canal Park. This innovative park space uses cutting-edge methods to store and reuse water.

(Chicago, March 26, 2013) – Water is a key component in economic growth and maintaining a successful property. As the global population grows, the scarcity, delivery, and cost of water will become a priority for property management professionals worldwide. To address this increasingly critical topic, an international panel of property managers representing a diverse host of countries will anchor a special Global Business Practices Forum titled “The Value of Water: Economics and Ecosystems,” during the 13th annual Leadership and Legislative Summit of the Institute of Real Estate Management (IREM), to be held from April 6 through 10 at the Omni Shoreham Hotel in Washington, DC.

Leonardo Schneider, ARM from Rio de Janeiro, Brazil, will speak about how his country is preparing for a predicted shortage and what it means to his properties. He’ll discuss the need to educate tenants, not only because they need to understand that water is a commodity, but because prices are steadily rising. He’ll also note that it is in everyone’s best interest to conserve.

Juan Carlos Blanco, CPM Candidate, will speak from the European point-of-view. The European Commission has highly developed policies in place to protect water through the Water Framework Directive (WFD). In cooperation with this directive, Spain, as well as other countries, has developed conservation programs, regularly reviewed by the commission. The commission has made it a goal for all European waters to be in good standing by 2015- clean, harvested properly, and reusable, if possible. There also are sanctions regulating the cost of water, linking the price to the amount consumed or the pollution produced by its consumption.

Lastly, Tage Flint, general manager of the Weber Basin Water Conservancy District in Northern Utah, will stress that for American property managers, paying attention to aging water infrastructure is key. He’ll point to the fact that our systems were set-up for a population that had very different demands than today; also, that property managers should be proactive in making sure their properties and communities can handle the current demands on water and develop sustainable mechanisms to meet demands without further depleting this finite resource. Rounding out his presentation, Flint will review how the U.S.’s climate, climate change, and practices will have an impact on future water usage at all levels.

Eric Storey, CPM, chair of the Global Business Practices’ Forum, will conclude by reminding the audience that understanding water and giving it proper attention is critical to being a successful manager.

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM) is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing. An affiliate of the National Association of REALTORS, IREM is the home for all industry professionals connected to real estate management – and the only organization serving both the multi-family and commercial sectors.

We believe that good management matters, and that well-managed properties pay dividends in terms of value and in the quality of life for residents, tenants and customers. We believe in professional ethics. We believe in the power of knowledge and the importance of sharing it.

IREM offers a variety of membership types for professionals of every experience level, from on-site managers to high-level executives. Our credentials, earned by meeting high standards of education, experience, and ethical business practices, include: Certified Property Manager (CPM), Accredited Residential Manager (ARM), Accredited Commercial Manager (ACoM), or Accredited Management Organization (AMO).

Since 1933, IREM has set the standard for best practices in real estate management. Today, IREM membership includes nearly 18,000 individuals and 560 corporate members. To learn more about the IREM and its chapter network, call (800) 837-0706, ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org.