Growth of Mixed-Use Properties Requires Updated Knowledge

Chicago - (February 20, 2019) – Mixed-use developments continue to rise, highlighting consumer preferences for structures that cater to a “live, work, shop, and play” lifestyle. A 2017 National Community and Transportation Preference Survey indicated that 62% of millennials, 45% of Gen Xers and baby boomers, and 55% of the silent generation want to live in walkable communities and prefer shorter commutes. With this influx of mixed-use properties, asset and property managers are increasingly being asked to be well-versed in residential, commercial AND retail disciplines.

To help with this demand, IREM (Institute of Real Estate Management) has recently released two new publications, Shopping Center Management & Leasing, 2nd Edition, written by Alan Alexander and Richard Muhlebach, CPM, and Community Associations: A Guide to Successful Management, 2nd Edition, written by Vickie Gaskill, CPM, ARM, MPM.

“The retail market is proving to be extremely resilient, and continues to evolve as a response to consumers’ changing wants and needs, new retail concepts, and evolving retail distribution systems. Shopping Center Management & Leasing provides insights into the many roles and responsibilities of a shopping center manager,” notes Don Wilkerson, CPM, 2019 IREM President, Gaston & Wilkerson Management, AMO, Reno, NV.

Nearly 70 million Americans now live in common-interest developments (CIDs)—HOAs, condos, and co-ops—which account for nearly a quarter of the U.S. housing stock. As these numbers continue to rise, property managers will be seeking more accounts in this competitive residential real estate industry. Community Associations: A Guide to Successful Management will help managers hone the skills necessary to excel in this field.

Both publications include helpful forms, templates and best practices for all real estate managers.

About the Institute of Real Estate Management
IREM is an international force of 20,000 individuals united to advance the profession of real estate management. Through training, professional development, and collaboration, IREM supports our members and others in the industry through every stage of their career.

We believe in our people, and we provide the tools they need to succeed. We open doors, we forge connections, and we help show the way forward. Backed by the power that comes with being an affiliate of the National Association of REALTORS, we add value to our members, who in turn add value to their teams, their workplaces, and the properties in their commercial and residential portfolios.

Our memberships empower college students, young professionals, and industry veterans who are committed to career advancement. Earning our credentials, including the CPM, ARM, ACoM, and AMO, demonstrates a commitment to, and passion for, good management. These credentials, along with our courses and array of resources, all exist with one goal in mind – to make a difference in the careers of those who manage. To learn more about IREM, visit www.IREM.org.