Robert Toothaker, CPM, South Bend, IN and
Regina Mullins, CPM, Washington, DC, Also Elected Officers

Editor's Note: Photos of IREM's 2006 officers are available on request to Sharon Peters, e-mail: speters@irem.org.

(CHICAGO, IL, Nov. 30, 2005) - The Institute of Real Estate Management (IREM) elected its officers for 2006 during the professional association's Education Conference held recently in Scottsdale, AZ. Fred Prassas, CPM, of Bangor, WI. will serve as president; Robert Toothaker, CPM, of South Bend, Ind., will serve as president-elect; and Regina (Reggie) Mullins, CPM, of Washington, DC, will serve as secretary-treasurer.

Prassas is a principal with PMC Management Group, which specializes in residential property management throughout western Wisconsin and eastern Minnesota. He has been in the real estate business since 1973 and is licensed as a broker in Wisconsin, Illinois and Minnesota. He is a faculty member of the Institute, and is experienced in residential property management and consultation.

"I am honored to serve IREM as we continue to be the real estate industry's most respected and comprehensive provider of real estate management education and information and the leader in establishing standards for real estate management, worldwide," Prassas said. "Building on IREM's past accomplishments, we will focus our efforts in the coming year on helping our members address four critical issues they have told us are dramatically impacting their professional lives and that of their colleagues. Those issues are staying on the cutting edge of fast-changing technology; developing a qualified work force, particularly in the midst of changing demographics; heightened business competition resulting in declining margins; and managing risk in a post-9/11 environment."

In addition to volunteer leadership positions with IREM, Prassas has held similar positions with the NATIONAL ASSOCIATION OF REALTORS (NAR). Recently, he was an architect of the Realtors Commercial Alliance Advisory Board, which brings together leadership of the 16 largest national commercial real estate firms, NAR leadership and all of its specialty affiliates to formulate national policy of importance to commercial practitioners.

Prassas is a trustee of the Center for Urban Land Economic Research at the University of Wisconsin, Madison. He was president of the La Crosse Area REALTORS Association in 1985, president of the Wisconsin REALTORS Association in 1992, and was named REALTOR of the year by both organizations.

Prassas earned a Bachelor of Science degree in Communications from Southern Illinois University and a Master of Business Administration degree from the University of Wisconsin, La Crosse.

TOOTHAKER ELECTED 2006 PRESIDENT-ELECT
Toothaker is chairman of Real Estate Management Corporation, AMO as well as CB Richard Ellis South Bend, AMO. In addition to his active involvement in IREM, he is a charter member of the Indiana Commercial Board of REALTORS, and has served as president of the local chapter of the Building Owners and Managers Association (BOMA). He was named "REALTOR of the Year" for 2004 for the state of Indiana at the 19th annual Indiana Commercial Board of REALTORS (ICBR) Conference.

Toothaker is active in civic and community affairs, as well. He serves as 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 is a licensed real estate broker in Indiana and Illinois and holds a Bachelors and Masters degree from Illinois State University.

MULLINS ELECTED 2006 SECRETARY-TREASURER
Mullins is a senior portfolio manager in the Asset Services Group of Cushman & Wakefield (C&W), AMO. She has responsibility for asset and property management of 12 commercial buildings totaling over 3 million square feet in Northern Virginia, Washington, DC, and Maryland. Mullins has over 24 years of asset and property management experience.

Prior to joining C&W in 1997, she was a senior property manager at two different Washington, DC-area property management firms, where she was responsible for 18 commercial properties totaling more than 2 million square feet. Major management projects she has supervised include the start-up of two office buildings totaling 600,000 square feet, a $20 million building renovation, and a $5 million renovation of an existing shopping center.

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 17,500 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.