(CHICAGO, IL, Oct. 27, 2009) – The Institute of Real Estate Management (IREM® Foundation), a non-profit 501(c)(3) public foundation, has named new officers to a two- year term beginning immediately. Edward H. Boudreau Jr., CPM®, chairman of Capital Consultants Management Corporation (CCMC), Dallas TX, will serve as president and Robert B. Toothaker, CPM®, chairman of Real Estate Management Corporation, AMO® as well as CB Richard Ellis, South Bend, AMO®, will serve as vice president.

Commenting on his new position, Boudreau said: “During my presidency, the Foundation will remain focused on increasing its impact on the real estate management industry through grants and scholarships, special publications and other initiatives that will attract young people into the business, develop and nurture future leaders, and encourage a more diverse workforce. We are grateful to the individual IREM members, IREM Chapters, corporate sponsors, and private contributors whose generous financial contributions help support our ever-expanding efforts.”
 
Boudreau’s firm, which specializes in homeowner associations and is headquartered in Scottsdale,  manages more than 120 communities with over 80,000 housing units in nine states from Florida to Nevada.  As its chairman, he provides strategic guidance to the board of directors and senior management.  In his prior role as CCCM president, from 1973 to 2005, he initiated business expansion, manager training and senior staff development.  He also worked directly with prominent national development firms in the formation, budgeting, initial development, and management of complex homeowners associations throughout the United States.  His list of clients has included Disney Development, Mobil Land, Suncor, Lyle Anderson, Sunbelt Holdings, Puite Homes, and MCO Properties.

Boudreau is a licensed real estate broker with over 30 years of experience managing all types of real estate. He has held many volunteer leadership positions within the Institute of Real Estate Management (IREM®), served as the organizations 2002 international president, and was honored in 1979 with its “Professional Achievement Award.”

Boudreau has served on the boards of the Greater Dallas and Texas Apartment Associations, and the Richardson Youth Council.  He was a contributing author to Community First, a recently published publication of the Community Associations Institute (CAI), developed the original content for the organization’s website, and has been a frequent speaker at CAI events.

Boudreau has been married for 40 years, has six children and makes his home in Dallas.

TOOTHAKER IS VP
Toothaker has been in the real estate business since 1978. He served as 2002 international president of IREM and just completed a one-year term as 2009 chairman of the Realtors Commercial Alliance of the National Association of Realtors^®.  As well, he recently was appointed to the board of the Open Standards Consortium for Real Estate (OSCRE) as IREM’s representative.

Toothaker is a charter member of the Indiana Commercial Board of REALTORS and was named the group’s “REALTOR of the Year” for 2004. He has served as president of the local chapter of the Building Owners and Managers Association (BOMA) and is a licensed real estate broker in Indiana and Illinois. 

Active in civic and community affairs, he is a board member of the Housing Authority of the City of South Bend, the Studebaker National Museum, and the Indiana Historical Society. He also is immediate past chairman of the Northern Indiana Historical Foundation and the Business Development Corporation.

Toothaker holds Bachelors and Masters Degrees from Illinois State University.

SEVEN NEW BOARD MEMBERS NAMED
Joining Boudreau and Toothaker on the Foundation Board two-year terms are:

• Robert D. Demson, CPM^®, Owner/Partner, R/A Consultants, Phoenix, AZP
• Gail Duke, CPM^®, 2nd Vice President of Corporate Leasing for New York Life Investment Management LLC, New York, NY
• Richard L Elam, CPM^®, President and CEO, Grubb & Ellis, Dallas, TX
• James Evans, CPM^® , IREM 2010 Secretary/Treasurer; also, President and CEO of Bruce G. Pollock & Associates, Realtors,  as well as KEB Investments, Grand Blanc, MI
• John N. Gallagher, Executive CPM^® and Senior Vice President of Property Management, Polinger, Shannon & Luchs Company, Chevy Chase, MD
• Pamela W. Monroe, CPM^®, IREM 2009 International President and Senior Vice President of Community Realty Management, Inc., Pleasantville, NJ
• Victoria R. Parmentier, CPM^®, President and CEO,  RE Management, Green Bay, WI

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.

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.