NAREIT's biggest contribution to the industry has been its investor outreach and education -- among investors and on the Hill -- says 2010 NAREIT Chair Debra Cafaro, chairman, president and CEO of Ventas, as she reflects on the industry and its direction as part of NAREIT's celebration of the 50th anniversary of the REIT legislation. For instance, NAREIT was instrumental in getting the REIT Investment Diversification and Empowerment Act passed, which helped put Ventas on equal footing with other types of REITs such as lodging. Going forward, she predicts the REIT industry will continue to grow. "Ten percent of the commercial real estate market is owned by REITs, and I'm very hopeful that percentage will continue to grow and perhaps double over the coming years," she said.
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