The Real Estate Roundtable is a
non-profit
A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...
public policy
Public policy is an institutionalized proposal or a Group decision-making, decided set of elements like laws, regulations, guidelines, and actions to Problem solving, solve or address relevant and problematic social issues, guided by a conceptio ...
think tank
A think tank, or public policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governme ...
based in
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and federal district of the United States. The city is on the Potomac River, across from Virginia, and shares land borders with ...
that represents the interests of
real estate. It develops public policy agendas pertaining to
tax
A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...
,
capital
Capital and its variations may refer to:
Common uses
* Capital city, a municipality of primary status
** Capital region, a metropolitan region containing the capital
** List of national capitals
* Capital letter, an upper-case letter
Econom ...
and
credit
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...
,
environment and
energy
Energy () is the physical quantity, quantitative physical property, property that is transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and l ...
, and
homeland security
Homeland security is an American national security term for "the national effort to ensure a homeland that is safe, secure, and resilient against terrorism and other hazards where American interests, aspirations, and ways of life can thrive" to ...
.
History
In 1999, the National Realty Committee (NRC) became The Real Estate Roundtable.
["A. Alfred Taubman papers: 1942-2014"]
Bentley Historical Library, University of Michigan. Accessed February 24, 2023. In 1985, the NRC had 280 member organizations: property developers, banks, insurance companies, brokerages and accounting concerns.
The Real Estate Roundtable announced its formation of the Real Estate ISAC (RE-ISAC), an
Information Sharing and Analysis Center
An Information Sharing and Analysis Center (ISAC) is an organization that provides a central resource for gathering information on cyber and related threats to critical infrastructure and providing two-way sharing of information between the privat ...
, in February 2003.
Jeffrey D. DeBoer has served as the president and CEO of The Real Estate Roundtable since its formation. Randall K. Rowe was elected chairman in 1998.
John F. Fish became the chairman in 2021.
Activities
The Real Estate Roundtable holds four annual meetings in Washington, D.C. and publishes a weekly electronic newsletter, "Policy Toolkits and Fact Sheets", and its ''Annual Report'' and ''Policy Agenda''.
Activities of the organization are divided amongst its committees:
*Equity, Diversity, and Inclusion (ED&I)
*Homeland Security Task Force (HSTF)
*Real Estate Capital Policy Advisory (RECPAC)
*Research
*Sustainability Policy Advisory (SPAC)
*Tax Policy Advisory
The organization was a member of the Economic Growth Alliance in the 1990s. In 2023, it became one of seven real estate trade association member organizations composing the Commercial Real Estate Diverse Supplier (CREDS) Consortium.
In 2017, the organization opposed the full-expensing of structures proposed under the
Tax Cuts and Jobs Act
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, , is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs ...
(TCJA), arguing for real estate investment to be "demand-driven, not tax-driven."
On January 8, 2020, the organization issued a statement strongly denouncing the
January 6 United States Capitol attack
On January 6, 2021, the United States Capitol in Washington, D.C., was attacked by a mob of supporters of Donald Trump, President Donald Trump in an attempted self-coup,Multiple sources:
*
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* two months afte ...
.
The Real Estate Roundtable wrote to U.S. President
Joe Biden
Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who was the 46th president of the United States from 2021 to 2025. A member of the Democratic Party (United States), Democratic Party, he served as the 47th vice p ...
in December 2022, urging the federal government to both influence a greater return to office work from remote work, and to expedite under-used office space conversions for housing.
Membership
Since 2021, 67% of the organization is composed of members from public and privately owned real estate enterprises. An additional 20% of members are connected to financial services, 3% are
asset managers
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastru ...
, and 10% are real estate trade associations.
Mission
The Real Estate Roundtable. Accessed February 24, 2023.
Membership is by invitation and is divided between two tiers, Roundtable and President's Council, each with a cap of 100 members. Membership in Roundtable is offered to leaders of national real estate entities or major real estate trade associations. All four annual meetings are open to members of the Roundtable. Membership of the President's Council is also offered to industry leaders, but those whose operations may be more regional. These members are invited to two of the annual meetings, the Annual Meeting and the State of the Industry meeting.
See also
*National Association of Realtors
The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. it had over 1.5 million members, making it the largest trade association in the United States including NAR's institute ...
*Urban Land Institute
The Urban Land Institute, or ULI, is a global nonprofit research and education organization with regional offices in Washington, D.C., Hong Kong, and London. ULI aims to help its members and their partners build more equitable, sustainable, heal ...
References
External links
The Real Estate Roundtable
Real estate in the United States
Non-profit organizations based in Washington, D.C.
Real estate industry trade groups
Trade associations based in the United States
{{Real estate