(Chicago, April 29, 2005) The Institute of Real Estate Management (IREM^®) Foundation, a nonprofit 501(c)(3) public foundation, recently honored IREM member Kenneth Goodacre, CPM^®, with its Lloyd D. Hanford Sr. Distinguished Faculty Award. Goodacre is a real estate property management consultant and educator based in Tempe, AZ.

The Hanford award is presented periodically to a member of the IREM faculty who has exemplified 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.

Goodacre earned his Certified Property Manager^® (CPM^®) designation from IREM in 1975 and became a national faculty member shortly thereafter. Building on almost 30 years of experience as an educator, he teaches courses not only in the United States and Canada, but also in Singapore, Russia, Poland, China and Korea. He has helped to rewrite IREM courses, pilot new ones and has trained new faculty members

Goodacre served as president of the Greater Phoenix Chapter of IREM in 1983 and received its “CPM of the Year” award in 1984 and again in 1987. Nationally, he served IREM as chairman of several committees, as a regional vice president, and as senior vice president of the membership admission, education, legislative and chapter activities divisions.

Goodacre has been a broker in the State of Arizona since 1979, has served on the legal arbitration panel of the State Bar of Arizona, and on numerous occasions has been a court-appointed receiver. He was state chairman of the Arizona Multihousing Association in 1993 and served as regional vice president for the National Apartment Association in 1993 and 1994.

Active in his community, Goodacre served for eight years on the Fiesta Bowl committee and for three years on the board of the Phoenix Symphony. He earned his B.S. degree in finance, with specialization in real estate, in 1970 at Arizona State University.

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT FOUNDATION
The Institute of Real Estate Management (IREM^®) Foundation is a nonprofit 501(c)(3) public foundation whose mission is to identify, develop, fund and promote those initiatives that enhance the industry and profession of real estate management, improve and enhance communities and further the strategic goals of IREM.

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM^®) has been the source for education, resources, information and membership for real estate management professionals for more than 70 years. 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 82 U.S. chapters, seven international chapters and several other partnerships around the globe, IREM is an international organization that serves as an advocate on issues affecting the real estate management industry.

Membership includes approximately 16,700 individual members and 530 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, and the Accredited Management Organization (AMO^®) accreditation. These esteemed designations certify competence and professionalism for those engaged in real estate management. In addition, IREM offers Associate membership status.