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IREM and the CCIM Institute Jointly Honor Representative Judy Biggert (R-IL) as "Legislator of the Year"

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(Chicago, June 11, 2010) The Institute of Real Estate Management (IREM) and the CCIM Institute have jointly honored Representative Judy Biggert (R-IL) with their 2010 “Legislator of the Year” award.  Biggert was recognized by the groups for her strong support of the real estate industry through a variety of legislative and related activities.

More specifically, she was cited for helping to articulate – and seeking remedies to address – the commercial real estate industry’s concerns about tax treatment issues including capital gains, carried interest and leasehold improvement. Similarly, she has championed initiatives to deal with commercial mortgage market liquidity issues of industry concern, including credit union lending, term extensions, accelerated depreciation, and mortgage insurance.

A real estate attorney prior to being elected to Congress, Biggert currently is a member of the House Financial Services Committee, and serves as the ranking member on the House Oversight and Investigations Subcommittee.

Biggert was presented with her award during IREM’s and CCIM’s  recent “Capitol Hill Visit Day,” an annual event during which members of both organizations meet with Senators and Congressmen and their staffs to promote understanding and support for commercial real estate’s legislative advocacies. More than 230 separate meetings were held during this year’s event.

ABOUT THE CCIM INSTITUTE
Since 1969, the Chicago-based CCIM Institute has conferred the Certified Commercial
Investment Member (CCIM) designation to commercial real estate and allied professionals through an extensive curriculum of 200 classroom hours, and professional experiential requirements. Currently, there are 9,000 CCIMs in 1,000 markets in the U.S. and 31 additional countries. An equal number of practitioners are pursuing the designation, making the Institute the governing body of one of the largest commercial real estate networks in the world. An affiliate of the National Association of Realtors, the CCIM Institute’s recognized curriculum, powerful technology tools, and networking programs impact and influence the way CCIM members do business. Visit www.ccim.com for more information.

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.