Building Owners and Managers Association

Building Owners and Managers Association is a trade association representing the interests of commercial real estate owners, managers, and developers, with a strong presence in North America, particularly in cities like New York City, Los Angeles, and Chicago. The organization has a long history of advocating for the rights of property owners and managers, working closely with government agencies like the Federal Reserve, Internal Revenue Service, and Environmental Protection Agency. As a key player in the real estate industry, BOMA collaborates with other prominent organizations, including the National Association of Realtors, Urban Land Institute, and International Council of Shopping Centers. With its headquarters in Washington, D.C., BOMA is well-positioned to influence policy decisions at the White House, Congress, and other government institutions, such as the Department of Energy and Department of Commerce.

● History

The Building Owners and Managers Association was founded in 1907 by a group of visionary property owners and managers, including William C. Redfield, who later became the United States Secretary of Commerce. Since its inception, BOMA has played a significant role in shaping the commercial real estate industry, working closely with industry leaders like Donald Trump, Sam Zell, and Stephen Schwarzman. Throughout its history, BOMA has been influenced by major events, such as the Great Depression, World War II, and the 2008 financial crisis, which had a profound impact on the global economy and the real estate market. BOMA has also been involved in various initiatives, including the development of the Americans with Disabilities Act and the Energy Independence and Security Act, which were signed into law by President George H.W. Bush and President George W. Bush, respectively. Additionally, BOMA has worked with other organizations, such as the National Institute of Building Sciences and the American Society of Heating, Refrigerating and Air-Conditioning Engineers, to promote sustainable development and energy efficiency in the built environment.

● Organization

The Building Owners and Managers Association is a non-profit organization governed by a board of directors comprising prominent industry leaders, including CEOs of major real estate companies like Simon Property Group, Realty Income, and Ventas. The organization is headquartered in Washington, D.C. and has a strong presence in state capitals and major cities across the United States and Canada, including Toronto, Vancouver, and Montreal. BOMA's structure includes various committees and councils, such as the Advocacy Committee and the Sustainability Committee, which focus on issues like tax reform, energy policy, and environmental sustainability. These committees often collaborate with other organizations, including the National Association of Home Builders, International Code Council, and American Institute of Architects, to promote best practices and industry standards in the real estate industry. Furthermore, BOMA has established partnerships with academic institutions, such as the University of Pennsylvania, Columbia University, and University of California, Berkeley, to advance research and education in the field of commercial real estate.

● Membership

The Building Owners and Managers Association has a diverse membership base comprising commercial property owners, property managers, and service providers, including architects, engineers, and contractors. Members include prominent companies like CBRE Group, Jones Lang LaSalle, and Cushman & Wakefield, as well as smaller, independent firms and individual professionals. BOMA offers various membership benefits, including networking opportunities, professional development programs, and advocacy support, which are designed to help members navigate the complex regulatory environment and stay up-to-date on the latest industry trends. Members also have access to exclusive events, such as the BOMA International Conference & Expo, which features keynote speakers like Richard Branson, Arianna Huffington, and Robert Kiyosaki. Additionally, BOMA provides its members with valuable resources, including market research and benchmarking studies, which are conducted in partnership with organizations like the Urban Land Institute and the National Association of Realtors.

● Advocacy

The Building Owners and Managers Association is a strong advocate for the interests of commercial property owners and managers, working closely with government agencies like the Federal Reserve, Internal Revenue Service, and Environmental Protection Agency. BOMA's advocacy efforts focus on issues like tax reform, energy policy, and regulatory compliance, which are critical to the success of the real estate industry. The organization has been involved in various high-profile campaigns, including the Save Our Savings initiative and the Energy Efficiency Tax Incentives campaign, which were supported by industry leaders like National Association of Home Builders and American Council for an Energy-Efficient Economy. BOMA also collaborates with other organizations, such as the National Association of Realtors and the International Council of Shopping Centers, to promote industry-friendly policies and regulatory reforms. Furthermore, BOMA has established relationships with key government officials, including Members of Congress, Senate Committee on Finance, and House Committee on Ways and Means, to ensure that the interests of commercial property owners and managers are represented in the legislative process.

● Education_and_Research

The Building Owners and Managers Association is committed to providing education and research opportunities to its members, with a focus on industry trends, best practices, and emerging issues. BOMA offers a range of professional development programs, including certification courses and seminars, which are designed to help members enhance their skills and knowledge in areas like property management, leasing, and sustainability. The organization also conducts research studies and benchmarking surveys, which provide valuable insights into the commercial real estate market and help members make informed business decisions. BOMA's research initiatives often involve partnerships with academic institutions, such as the University of California, Los Angeles, University of Texas at Austin, and Georgia Institute of Technology, as well as industry organizations like the Urban Land Institute and the National Association of Realtors. Additionally, BOMA has established a foundation that supports scholarship programs and research grants, which are awarded to students and researchers pursuing studies in real estate and related fields.

● Awards_and_Recognition

The Building Owners and Managers Association presents several awards and recognition programs to honor outstanding achievements in the commercial real estate industry. These awards include the BOMA International TOBY Award, which recognizes excellence in building management and operations, and the BOMA International Earth Award, which honors sustainable development and energy efficiency initiatives. BOMA also offers certification programs, such as the BOMA International Certified Commercial Property Manager designation, which is recognized as a mark of excellence in the property management profession. Recipients of BOMA awards and certifications include prominent companies like SL Green Realty Corp., Boston Properties, and Kilroy Realty Corporation, as well as individual professionals who have made significant contributions to the real estate industry. Furthermore, BOMA has established partnerships with other organizations, such as the National Association of Home Builders and the International Council of Shopping Centers, to promote excellence in the industry and recognize outstanding achievements in commercial real estate. Category:Real estate