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Washington State Exec John Magnuson, CPM, Honored for Contributions to Real Estate Management Education

Receives Distinguished Faculty Award from the IREM Foundation

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(Chicago, Nov. 8, 2011) The Institute of Real Estate Management (IREM) Foundation, a nonprofit 501(c)(3) public foundation, recently honored IREM Faculty Member Emeritus John W. Magnuson, CPM, of Lakewood, WA, with its Lloyd D. Hanford Sr. Distinguished Faculty Award. The Hanford award is presented periodically to a member of the IREM faculty who has shown extraordinary dedication to the educational process and the advancement of knowledge in the real estate management profession. It commemorates the direct contributions of Lloyd D. Hanford, Sr., one of the Institute’s early presidents and a founder of the IREM real estate management education program.

DEDICATION AND PASSION FOR THE INDUSTRY
In presenting the award to Magnuson, president of Magnuson Management Company, a real estate and asset management firm headquartered in Lakewood, IREM Foundation President Robert Toothaker, CPM, cited his legendary contributions to IREM and the real estate management industry overall. He noted that Magnuson has held several positions of leadership within IREM over the years, from chapter president to IREM national president. Said Toothaker, “John has taught IREM courses throughout the world for over 20 years, is a frequent contributor to IREM publications and those of others. He has been a member of the National Advisory Board for more than 25 years. Through his continued dedication and passion for the industry, John constantly looks for ways to develop new techniques and strategies to make it better.”

Magnuson has more than 40 years of experience with investment property ownership and management and has taught real estate courses for numerous national and international organizations, in addition to IREM. In 2006, he was awarded the Louise L. and Y.T. Lum Award by the IREM Foundation, honoring a lifetime of achievements in the field of investment real estate management. A founding trustee of the Washington Center for Real Estate Research, he also served for 10 years as a member of, and real estate advisor to, the Washington State Investment Board and their $85 billion retirement funds. Other clients include REITs, publicly traded real estate operating companies, and accounting and law firms.

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT FOUNDATION
The Institute of Real Estate Management (IREM) Foundation, established in 1977, is a nonprofit 501(c) (3) public foundation. The IREM Foundation is committed to attracting, developing, and retaining individuals for careers in real estate management. This mission is supported by the generosity of individual IREM members and chapters, corporate sponsors, and private contributors.

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.