I am thrilled to be building on the work NAR has done to provide greater value to our commercial members. Given all the uncertainties in our world today, commercial practitioners need a sustained commitment from their association - and that’s what we’ll bring.
In 2021, we’ll work to educate the new Congress on the value of the Sec. 1031 like-kind exchange; we’ll propose ways to incentivize the conversion of commercial property into residential units, which would bring some relief to both sides of the business; and, as long as this pandemic is preventing people from earning a living, we’ll keep beating the drum on the need for federal rental assistance, because an eviction moratorium without assistance puts an unfair burden on housing providers and sets the stage for a crisis.
To help invigorate the marketplace, we’re launching the C5 Summit - a new, commercial-focused event to be held in New York City in September 2021. The 5 C’s stand for commercial, connection, commerce, capital, and community. We’ll invite top commercial brokers, developers, REIT representatives, and state and local associations to work together to secure business opportunities that are critical to keeping our economy moving.
It’s said that uncertainty inspires creativity. That has certainly been the case in 2020, and we’ll continue to innovate in 2021. But we can’t do anything without you. Please get involved - bring your ideas and your engagement as we move boldly into our future.