IREM Celebrates its Anniversary Seventy-Five Years of Support

This year, the Institute of Real Estate Management (IREM) is celebrating its 75th anniversary. For three-quarters of a century now, IREM has provided education, resources, information and membership to real estate management professionals all across the country. With 80 chapters in the United States and eight more abroad serving more than 18,000 individual and some 500 corporate members, IREM is the only professional real estate management association offering guidance and advocacy to both the residential and commercial real estate sectors.

Collectively, IREM’s Certified Property Manager (CPM) accredited members manage over $1.5 trillion in real estate assets, including 8.4 million residential units and 8.4 billion net square feet of commercial space. An additional 977,400 residential units are managed by IREM Accredited Residential Manager (ARM) members. Nearly 70 percent of its membership hold upper-level management positions, and members are much sought after for their management skills.

IREM New York has three separate chapters. The Greater New York Chapter No. 26 serves all New York, Nassau, Suffolk and Westchester counties. The officers are James P. Hayden, CPM, ARM, the current president; Edward Andron, vice president, chapter activities; Terry-Anne Havel, CPM, vice president, member services; Sandra M. Kerin, CPM, vice president, education; Nicholas E. Stolatis, CPM, treasurer; and Jeffrey M. Klarfeld, secretary. Sheila Still is the association executive. The other two chapters are New York Capital Region Chapter No. 93, which serves from Albany to Washington, New York, and the Rochester-Western New York Chapter No. 58, which serves from Allegany to Yates, New York.

IREM’s Origins

According to IREM President Regina T. Mullins, CPM, “IREM was created in January of 1933, in the midst of the Great Depression, when 14 individuals attended a meeting of the National Association of Real Estate Boards (NAREB)—known today as the National association of Realtors—in Washington, D.C. They expressed concerns about the abuses by real estate firms who had the financial responsibility of managing property for others. Five months later, 100 real estate management firms joined together and petitioned NAREB to form IREM. Permission was granted on June 12, 1933. On July 10, 1934, Illinois granted the association charter.”

At the first recorded meeting of the organization on October 5, 1933, the participants reviewed the group’s new bylaws, which set forth the following organizational goals:


Related Articles

Finding the Right Match

Evaluating the Board-Management Relationship

Self-Management Strategies

Smart Business for Busy Boards

Managing Board Conflict

How to Maintain Harmony