IREM Member Honored for Contributions to Real Estate Management Knowledge and Education

John W. Magnuson, CPM®, Receives Prestigious
Lum Award from the IREM® Foundation

(Chicago, May 22, 2006) The Institute of Real Estate Management (IREM) Foundation, a nonprofit 501(c)(3) public foundation, recently honored IREM member John W. Magnuson, CPM, with its prestigious Louise L. and Y.T. Lum Award. The Lum Award is presented periodically to honor real estate professionals who have made a distinguished contribution to the real estate management industry by advancing the depth or breadth of knowledge and education among the practicing profession.
 
MORE THAN TWO DECADES OF SERVICE
Magnuson was President of Magnuson Management, Inc., Tacoma, WA, and co-founder of one of the region’s first Real Estate Investment Trusts in 1993. He has been a member of the IREM faculty for more than 20 years and was recently honored as an Instructor Emeritus.   He has taught real estate investment and management principles in Poland, Hungary, Italy and Korea and is the author of a book titled Hot Topics: Exit Strategies for Real Estate Management Companies.

In presenting the award to Magnuson, IREM Foundation President Craig Suhrbier noted that his contributions to IREM and the industry are legendary. “In addition to his outstanding record as an educator, John constantly seeks new techniques and strategies to improve the industry.  As well,” said Suhrbier, “he enhances our profession by adhering to rigorous ethical as well as intellectual standards and inspiring others to do likewise.”

 Magnuson earned his CPMdesignation from IREM in 1975 and has over the years held leadership positions in the organization both at the chapter and national levels. He was president of IREM’s Western Washington Chapter No. 27 in 1981 and served as National President of IREM in 1991. He is a founding trustee of the Washington Center for Real Estate Research, and has served as a member of the Washington State Investment Board since 1999.
  
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 81 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 17,000 individual members and 525 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, Student, and Academic memberships.