Washington, DC (Vocus) 20 November 2008
Real Estate Investment Trusts ® (NAREIT ®) 2008 Award presented to accelerate the industry leader Leland, president of Parkway Properties, Inc., East Group Properties, Inc. Martin Cicco, director of MJC Associates investment firm, was awarded the Award for Industry Achievement. Both awards were established in 1992 to have made NAREIT members who demonstrate excellence, their contributions to the real estate industry and the Association of honor programs. Since 1996, they were in memory of past NAREIT Chair E. Lawrence Miller awarded.
Leadership Award is presented to a REIT executive who has made a significant and lasting contribution to growth and improvement in the industry. Industry professionals whose acumen and integrity have contributed to the REITs and publicly traded real estate are eligible for the Award of Excellence.
Leland Speed is a pioneer in the REIT industry, his career began in 1978 when the industry was composed primarily of mortgage REITs.
Leland built a company through the acquisition of several mortgage REITs in the 1980s, “explained NAREIT President and CEO Steven A. Wechsler.” In the 1990s it was the first, the potential for participation traded REIT. “
seeWith this vision, speed-based Parkway Properties and east group properties, REITs decisions in a first public capital that the “modern REIT era.” started
Before starting his own firm, Martin Cicco a leader in the operation of Merrill Lynch Investment Bank, where he was vice president of commercial real estate world. While advising at Merrill in the 1990s, he worked with many REITs, and help them structure their IPOs.
Leland, Marty had a vision of the potential of a new era REITs, “said Wechsler.” And with his knowledge and the resources they could bring to the table, he helped create it. “
Both awards were announced 19th November at the NAREIT Annual Convention in San Diego.
The National Association of Real Estate Investment Trusts ® (NAREIT) is the spokesman for U.S. REITs and publicly traded real estate companies worldwide. Members are Real Estate Investment Trusts (REITs) and other companies that own, operate and finance income-producing properties, as well as companies and individuals who advise study and service companies. Visit our website REIT.com.
NAREIT does not intend this press release intended to be a solicitation for a specific company does not offer investment, legal or tax advice. Investors should discuss their own investment, legal or tax adviser about the advisability of investing in securities or investment strategies in this paper. Nothing herein should be an endorsement by NAREIT of a specific company or products or as an offer to sell or a solicitation to buy securities or other financial instruments to buy or participate in any trading strategy designed. NAREIT expressly disclaims any responsibility for the accuracy, timeliness or completeness of this publication. Unless otherwise stated, all data are derived and relate to only publicly traded securities. Any investment or performance data delivered (past, hypothetical or not) are not necessarily indicative of future results or performance.
Contact
:
Ron Kuykendall or Matt Bechard
(202) 739-9400
1-800-3NAREIT
http://reit.com/
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