News: Brokerage

IREM Foundation launches COVID-19 Relief Fund on #GivingTuesdayNow

Chicago, IL Like many people around the world, property managers have felt the economic impact of the global pandemic. To support real estate managers and their communities, the IREM Foundation is launching a COVID-19 Relief Fund on #GivingTuesdayNow.??

The IREM Foundation has provided a grant of $25,000 to create relief funds in communities affected by COVID-19. The fund will drive support to local communities, by way of matching funds to local IREM chapters. The Foundation will match donations to community funds up to $1,000 per IREM chapter. Contributions can also be made directly to the worldwide relief fund. The money raised through the COVID-19 Relief Fund may be used in the following ways to support real estate managers and their local community:
    •    Relief funds for members who have been financially impacted by COVID-19, whether due to layoff, illness, or illness of a family member
    •    Member dues support
    •    Relief funds for small businesses directly impacted by COVID-19
    •    Relief funds for tenants or residents directly impacted by COVID-19
    •    Relief funds for local non-profits directly impacted by COVID-19
    •    Any other charitable purpose related to COVID-19

“Real estate managers are on the front lines of the COVID-19 pandemic. They manage the buildings we live in, and all the other places we go, and they’re committed to making sure we’ll be able to return to work and leisure safely,” said Julie Scott, CPM, IREM Foundation president. “The goal of the Foundation’s COVID-19 Relief Fund is equip these front line professionals with support and resources they need to support the communities they manage.”??#GivingTuesdayNow is a global day of unity in response to the unprecedented need caused by COVID-19. The campaign is an effort from GivingTuesday – a global generosity movement dedicated to unleashing the power of people to transform their communities and the world.??

To make a donation to the IREM Foundation COVID-19 Relief Fund, visit the IREM Foundation website. To direct your donation to a specific chapter’s relief fund, include the name of the chapter in the memo field on the donation form. Donations that don’t specify a chapter will be designated for the worldwide relief fund. IREM continues to share updates with members as they are available. All updates, resources, and content on COVID-19, can be found at irem.org/learning/coronavirus.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,