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(Chicago, IL, Dec.11, 2006) – The Institute of Real Estate Management (IREM^®) has launched its first new credential in 25 years, the Accredited Commercial Manager certification.  Designed for managers of small- to mid-size commercial properties, the credential requires that applicants manage a commercial portfolio of at least 20,000 square feet and have a minimum of 12 months of commercial real estate management experience.

Commenting on the new credential, IREM President Robert Toothaker, CPM^®, said: “Earning the Accredited Commercial Manager certification will help increase awareness of the recipients’ professionalism with commercial real estate owners, investors and employers. Commercial managers whose portfolio does not yet meet the minimum size for IREM’s CPM^® designation can gain training, skills and industry knowledge using the new credential as a stepping stone to the CPM^®.”

Those who earn the new credential must complete IREM courses, pass a certification exam and adhere to the IREM Code of Professional Ethics. This ensures current and prospective employers and clients that they have the professional, financial and analytical expertise to meet the highest industry performance standards. Moreover, those who earn Accredited Commercial Manager certification become members of IREM, guaranteeing them access to the industry’s leading tools, information, networking experiences and other member benefits.

For additional information on the Accredited Commercial Manager certification and to download an application, visit the IREM Web site at www.irem.org and click on “Join 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, 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 over 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, 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.