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(Chicago, Jan. 27, 2009) 2008 Income/ Expense Analysis^® data for 138 metropolitan areas across five key property sectors is now available from the Institute of Real Estate Management (IREM^®). Data for many of these metro areas – including Atlanta, Charlotte, Detroit, Nashville, Norfolk, Portland, and Raleigh-Durham – is available for all five sectors.

Compiled by IREM’s Research Department, the data provides a detailed look at operating revenues and expenses for:

• Office buildings
• Conventional apartments
• Federally assisted apartments
• Condominiums, cooperatives and planned unit developments
• Shopping centers

Data is reported by common line items such as rent, utilities, maintenance, insurance, taxes, vacancies and payroll. These breakdowns make it easy to quickly benchmark properties in a given portfolio to others in the same marketplace.

An Individual Metro Report for a specific property type (e.g. the Conventional Apartment Report for the Dallas metro area) is priced at $125. Also available is an Income/Expense Packaged Metro Report that includes individual metro as well as regional and national data for a specific property type (e.g. the Conventional Apartment Report for the Dallas metro area, the southwest region and the entire United States). Each Packaged Metro Report is priced at $175.

ORDERING INFORMATION
Both the Individual and Packaged Metro Reports can be ordered in downloadable PDF format at www.irembooks.org. The site includes information on all metro areas for which specific sector reports are available.

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM®) is celebrating its 75th anniversary in 2008.  Major sponsors of the year-long celebration areYardi Systems, a leading provider of high-performance software solutions for the real estate industry, and the REALTORS® Commercial Alliance (RCA), the collective commercial constituency within the National Association of REALTORS®.

For more than seven decades, IREM has been the source for education, resources, information, and membership for real estate management professionals. An affiliate of the National Association of Realtors®, IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors. With 80 U.S. chapters, eight international chapters, and several other partnerships around the globe, IREM is an international organization that also serves as an advocate on issues affecting the real estate management industry.

Membership includes more than 18,000 individual members and 500 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 ACoMcertification, and the Accredited Management Organization® (AMO®) accreditation. These esteemed credentials certify competence and professionalism for those engaged in real estate management. In addition, IREM offers Associate, Student and Academic memberships.

Collectively, IREM CPM® Members in the United States manage over $1.5 trillion in real estate assets, including 8.4 million residential units and 8.4 billion net square feet of commercial space. An additional 977,400 residential units are managed by IREM ARM® Members. IREM Members are employed by some of the most prestigious real estate firms in the world and nearly 70% hold upper-level management positions. Due to their professionalism and vast experience, property owners and investors worldwide continually seek out the management services of IREM Members.

To learn more about the Institute of Real Estate Management and its chapter network, call (800) 837-0706, Ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org.