Diversity, Equity and Inclusion at NCREIF
NCREIF DEI
NCREIF Is Committed to DEI
At NCREIF, we are committed to fostering a diverse, equitable and inclusive community for our members. We firmly believe that embracing diversity in backgrounds, experiences and perspectives enriches our association and contributes to the collective success of our members. With this guiding principle, we are dedicated to providing valuable resources to the institutional real estate industry.
Below you will find information on some of these resources:
- PREA's DEI Resources Page
- NCREIF's Partnership Offering
- Global Real Estate DEI Survey
PREA's DEI Resources
In December 2022, the Pension Real Estate Association (“PREA”) launched its Resource Library, a dynamic collection of professional organizations, groups and forums that promote professional development, networking and the sharing of best practices. The dedicated PREA staff maintains this resource library, ensuring its ongoing value as a trusted source.
Building upon our longstanding relationship with PREA, exemplified by initiatives like the NCREIF PREA Reporting Standards, and consistent with our commitment to fostering a collaborative and supportive culture, NCREIF proudly serves as a conduit to the PREA Resource Library for our members. We encourage our members to engage with PREA as outlined in the Resource Library and share any suggestions for new resources to include. Through this partnership, PREA and NCREIF leverage collective efforts, minimize redundancy and promote ease of access and engagement throughout the industry.
Building upon our longstanding relationship with PREA, exemplified by initiatives like the NCREIF PREA Reporting Standards, and consistent with our commitment to fostering a collaborative and supportive culture, NCREIF proudly serves as a conduit to the PREA Resource Library for our members. We encourage our members to engage with PREA as outlined in the Resource Library and share any suggestions for new resources to include. Through this partnership, PREA and NCREIF leverage collective efforts, minimize redundancy and promote ease of access and engagement throughout the industry.
NCREIF Partnership Offering for Qualified Organizations*
- *Not-for-Profit Organzizations whose goals, missions and programs support commercial real estate in at least one of the following ways:
- 1. Diversity, Equity, and Inclusion efforts
- 2. Support to Underrepresented Groups in Commercial Real Estate.
- 3. Young Professionals Benefits Include
- Complimentary attendance for two program participants at each of NCREIF’s two Conferences per year, for a total of four passes per annum.
- - Conferences include most meals and attendees are welcome to all networking events.
- - Attendees must be at least 21 years of age.
- - Any individual may attend a total of two conferences with a complimentary pass.
- Complimentary attendance for one organization employee at each conference.
- Complimentary enrollment for up to ten spots per year in NCREIF’s Academy program.
- - In-person classes include some meals and may include networking events.
- - Individuals must be at least 21 years of age for in-person attendance. (Note - there is no age
- requirement for virtual courses.)
- - Maximum of two classes per individual.
- - Maximum of two individuals per course.
- Annual Dollar Value to Partner, approximately $22,000.
- - Six Conference Passes, food/ beverage/ networking events, approximately: $14,000
- - Ten Courses, food/ beverage/ networking events, approximately: $8,000
Global Real Estate DEI Survey
NCREIF, in partnership with Ferguson Partners and 18 other commercial real estate organizations globally, just published the Global Real Estate DEI Survey 2023, the only corporate study of diversity, equity and inclusion (DEI) management practices and data benchmarking in the commercial real estate industry. Almost all commercial real estate firms have diversity, equity and inclusion (DEI) initiatives in place in their organizations, with the number of firms adopting formal strategies increasing 5% year-over-year, according to the third edition of the Global Real Estate DEI Survey released today. The Global Real Estate DEI Survey shows almost 96% of firms have DEI policies and practices in place in their firms, with 56.4% enacting formal strategies. That marks a 5% YoY increase in firms approving documented, holistic DEI programs. Just 4.2% of firms do not have DEI programs or initiatives, the results reveal. • The Global Real Estate DEI Survey, now supported by 19 commercial real estate industry associations globally, tracked DEI practices and employee demographics at 216 firms and was conducted between July and September 2023.
• The Survey represents 296,902 full-time real estate employees, $1.98 trillion of assets under management and a cross-section of the commercial real estate industry globally in terms of size, region and business type. Key highlights from the Global Real Estate DEI Survey show commercial real estate firms are increasingly focused on attracting more underrepresented people to the industry as a whole – with 31.6% of firms saying the most impactful DEI policy in 2023 was creating scholarships and internships to increase diversity in candidate pools, up from just 18% of firms the year prior.
ABOUT THE SURVEY First created in 2017 and launched as a dedicated survey in 2020, is an annual report tracking corporate practices and employee demographics on Diversity, Equity and Inclusion (DEI) for commercial real estate. The Survey provides employee demographic and enterprise practices relating to diversity, equity and inclusion for Asia, Europe and North America. *In 2023, 19 leading CRE associations have collaborated globally on the Global Real Estate DEI Survey: AFIRE; AIA (American Institute of Architects); APREA (Asia Pacific Real Assets Association); AREF (Association of Real Estate Funds); BOMA; BPF (British Property Federation); CFMA (Construction Financial Management Association); CoreNet Global; CREFC; EPRA (European Public Real Estate Association); NAIOP; NAREIM; NCREIF; OSCRE; PFA (Property Funds Association of Australia); PREA; REALPAC; RICS and ULI. The 2023 Global Real Estate DEI Survey tracked employee demographics and DEI policies across more than 210 firms globally and a cross section of the commercial real estate industry in terms of size, region and business classification. The Survey was conducted between July and September 2023.
• The Survey represents 296,902 full-time real estate employees, $1.98 trillion of assets under management and a cross-section of the commercial real estate industry globally in terms of size, region and business type. Key highlights from the Global Real Estate DEI Survey show commercial real estate firms are increasingly focused on attracting more underrepresented people to the industry as a whole – with 31.6% of firms saying the most impactful DEI policy in 2023 was creating scholarships and internships to increase diversity in candidate pools, up from just 18% of firms the year prior.
ABOUT THE SURVEY First created in 2017 and launched as a dedicated survey in 2020, is an annual report tracking corporate practices and employee demographics on Diversity, Equity and Inclusion (DEI) for commercial real estate. The Survey provides employee demographic and enterprise practices relating to diversity, equity and inclusion for Asia, Europe and North America. *In 2023, 19 leading CRE associations have collaborated globally on the Global Real Estate DEI Survey: AFIRE; AIA (American Institute of Architects); APREA (Asia Pacific Real Assets Association); AREF (Association of Real Estate Funds); BOMA; BPF (British Property Federation); CFMA (Construction Financial Management Association); CoreNet Global; CREFC; EPRA (European Public Real Estate Association); NAIOP; NAREIM; NCREIF; OSCRE; PFA (Property Funds Association of Australia); PREA; REALPAC; RICS and ULI. The 2023 Global Real Estate DEI Survey tracked employee demographics and DEI policies across more than 210 firms globally and a cross section of the commercial real estate industry in terms of size, region and business classification. The Survey was conducted between July and September 2023.