IREM IREM and Coldwell Banker Commercial Affiliates Will Collaborate to Advance Mutual Interests
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Orlando, Fla., Oct. 20, 2010 – The Institute of Real Estate Management (IREM) and Coldwell Banker Commercial Affiliates will have an enhanced collaborative working relationship to advance their mutual interests. The agreement was announced today at a special ceremony held during the opening session of IREM iCon, the recently upgraded, annual, IREM-sponsored industry education and networking conference. Timothy Dimond, CPM, Vice President of Asset Services for Realogy’s Global Client Solutions, represented Coldwell Banker Commercial and joined IREM President O. Randall Woodbury, CPM, at the event. Dimond is a two-time past chapter president of IREM.
Commenting on the agreement, Woodbury said: “As global leaders in our respective industry sectors, Coldwell Banker Commercial and IREM each play distinctive, complementary roles in the marketplace. Both organizations are deeply committed to creating and sharing knowledge that benefits professional real estate practitioners and those they serve and to nurturing the highest performance standards for our industry.”
“Property management is a critical and core component of client services and requires a specific skill set,” said Fred Schmidt, president and chief operating officer of Coldwell Banker Commercial Affiliates. “Owners of our affiliated companies recognize that property management provides a stabilized revenue stream, exposure to potential clients and an ability to grow other related service lines. IREM clearly is the leading source of real estate management education and earning a CPM designation is a competitive advantage. We are particularly happy to stimulate our long-standing relationships with IREM and hope that it will enhance the services our offices and sales professionals provide their clients.”
The IREM and Coldwell Banker Commercial Affiliates agreement calls for:
ABOUT COLDWELL BANKER COMMERCIAL AFFILIATES
- Coldwell Banker Commercial to encourage those individuals and offices that provide property management and asset services to earn an IREM credential – the Certified Property Manager (CPM) designation, the Accredited Residential Manager (ARM) certification, and the Accredited Commercial Manager certification for individuals; the Accredited Management Organization (AMO) accreditation, for Coldwell Banker Commercial affiliated offices.
- Coldwell Banker Commercial and IREM to seek opportunities to collaborate at the local level to encourage networking between IREM’s 80 chapters in the United States and real estate managers in Coldwell Banker Commercial offices.
- Coldwell Banker Commercial and IREM to seek opportunities to collaborate internationally, leveraging the strong individual presence of each organization for the benefit of both.
Coldwell Banker Commercial Affiliates is one of the leading franchisors of commercial real estate services through the Coldwell Banker Commercial brand. Coldwell Banker Commercial is a registered trademark licensed to Coldwell Banker Real Estate LLC. Through its independently owned and operated offices, the Coldwell Banker Commercial network is a premier provider of real estate services and is a leader in the commercial real estate industry. Coldwell Banker Commercial currently has nearly 2,200 commercial real estate professionals operating in 26 countries worldwide. The Coldwell Banker Commercial network of brokers serves the needs of owners and occupiers in the leasing, acquisition, disposition, structured finance and management of all property types. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, the world’s largest real estate franchisor. For additional information on Coldwell Banker Commercial, visit the company’s Web site at www.coldwellbankercommercial.com or contact us at (800) 222-2162.
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.