IREM Approves First Chapter in China
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(Chicago, April 21, 2011) - The Institute of Real Estate Management (IREM®) recently approved the formation of IREM® China Shanghai Chapter No. 118. It is IREM’s first chapter in China and third in Asia and joins 80 others across the United States and 13 elsewhere around the globe.
Applauding the establishment of the new chapter, IREM® 2011 President Ronald L. Goss, CPM®, said, “Having met IREM’s members in Shanghai, I am impressed by the caliber of property management services they are providing and by their commitment to advancing our profession and promoting the CPMâ brand in China.”
The China Shanghai chapter grew out of an agreement signed in 2008 between IREM and the Shanghai Weston Real Estate Management Institute, a division of Brawman International Group. Shanghai Weston has sponsored two rounds of courses needed to complete the education requirements to earn IREM’s prestigious Certified Property Manager® (CPM®) designation, with another round of courses scheduled to begin in August 2011.
IREM® China Shanghai Chapter No. 118 currently has 35 CPMâ Members and four CPM® Candidates and will be led by Mr. Qui Liu, CPM®, who will serve as the chapter’s first president. Mr. Liu is head of asset management for Shanghai Land Group Co., Ltd., and was general manager of Shanghai World Expo Land Holding Company, which was responsible for the 2010 Shanghai World Expo that attracted over 73 million visitors during its six-month run. The new chapter’s jurisdiction comprises the administrative divisions of Shanghai, Jiangsu, and Zhegiang, which together have a population of nearly 150 million.
Offshore interest in IREM’s CPM® designation and the education that supports it has grown dramatically in recent years, as evidenced by the fact that the percentage of enrollments from international students matriculating through the CPM® program has grown in the last five years from 20% to nearly 40%. Additionally, one-third of all new CPM® Members are coming are from outside the US.
ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM®) is an international community of real estate managers across all property types dedicated to ethical business practices and maximizing the value of investment real estate. An affiliate of the National Association of Realtors®, IREM has been a trusted source for knowledge, advocacy and networking for the real estate management community for more than 80 years.
IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors and has 80 U.S. chapters, 14 international chapters, and several other partnerships around the globe. Worldwide membership includes nearly 18,000 individual members and over 535 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. IREM also offers CPM® Candidate, Associate, Student, and Academic memberships. All members are bound by the strictly enforced IREM® Code of Professional Ethics.
Collectively, CPM® Members in the United States manage nearly $2 trillion in real estate assets, including 11.4 million residential units and 10.4 billion net square feet of commercial space. 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.