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Chicago-Based, International Organization Marks 75^th Anniversary With These and Other Tributes

Chicago, IL, May 28, 2008 – Mayor Richard M. Daley and Governor Rod R. Blagojevich have proclaimed June 1-7 as Institute of Real Estate Management (IREM) Week in Chicago and statewide, respectively, in observance of the Chicago-based, international organization’s 75th Anniversary. In addition, congratulatory letters acknowledging the group’s milestone anniversary have been issued by Illinois Senators Dick Durbin and Barack Obama, Rep. Danny K. Davis, and government officials from other cities and states where IREM’s 80 U.S. chapters are located.

“Since its founding here more than seven decades ago” said IREM President Regina Mullins, CPM, “our organization has been a major force in educating real estate managers, in certifying their competence, in enforcing ethical business practices, and in serving as an advocate on issues affecting the industry. And while times were quite different when it was formed, IREM’s core purpose remains the same: To advance the profession of real estate management while helping real estate managers prosper and add value to their companies and the properties they manage.”

Both the Daley and Blagojevich proclamations recognize IREM, an affiliate of the National Association Of Realtors®, as the premier provider of quality education to real estate managers around the world. In addition, they laud IREM members for:

• Improving the quality of life for the people who live, work and shop in the properties they manage.
• Pledging to adopt sustainable building operating practices to help ensure that the properties they manage are environmentally responsible, healthy places to live, work and shop.
• Adding value to the properties they manage and enhancing the tax base for the benefit of the community at large.

IREM has a chapter in Chicago and one in Central Illinois, located in the Springfield area.

ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
Major sponsors of IREM’s year-long celebration are Yardi 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. IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors. It has 80 U.S. chapters, ten international chapters, and several other partnerships around the globe.

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 Accredited Commercial Manager certification, 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.