National Association of Real Estate Investment Trusts (Nareit)
The national association of real estate investment trusts (NAREIT) is the trade association for reits and publicly traded real estate companies with an interest in the U.S. NAREIT's purpose is to further the interests of its members which include reits and other businesses that own, operate, and finance income-producing real estate.
National Association of Real Estate Investment Trusts (Nareit) at a glance
In short: National Association of Real Estate Investment Trusts (Nareit) gave $130K across 1 grant in 2025 (avg $130K), mostly in District of Columbia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $130,000
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $130,000
- +0.0% vs 2024
- Median grant
- $130,000
- Total assets
- $54,916,140
- +15.5% vs 2024
- Primary geography
- District of Columbia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to National Association of Real Estate Investment Trusts (Nareit)
Open Grants
2 open opportunities from National Association of Real Estate Investment Trusts (Nareit)
Dividends Through Diversity (DTD) Giving Campaign and Grant Program
National Association of Real Estate Investment Trusts (Nareit)
Amount
Varies
Deadline
Deadline not published
Dividends Through Diversity, Equity & Inclusion (DDEI) Grant Program
National Association of Real Estate Investment Trusts (Nareit)
Amount
Varies
Deadline
Deadline not published
Who National Association of Real Estate Investment Trusts (Nareit) funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Nareit Foundation ($130K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 6 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How National Association of Real Estate Investment Trusts (Nareit) gives
- Giving fell 88% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $50K (2021) to $1.1M (2022). In 2025 it made 1 grant totaling $130K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nareit Foundation Washington, DC | General Operations Support | $130,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $54,916,140 | $36,412,345 | $34,913,014 | $130,000 | 1 | $2,262,653 |
| 2024 | $47,548,466 | $37,302,219 | $33,551,700 | $130,000 | 1 | $1,412,447 |
| 2023 | $43,051,105 | $35,406,722 | $33,655,015 | $130,000 | 1 | $576,382 |
| 2022 | $40,371,097 | $33,272,382 | $34,223,432 | $1,130,000 | 2 | $925,761 |
| 2021 | $37,201,891 | $29,098,912 | $26,922,525 | $50,000 | 1 | $1,436,913 |
| 2020 | $30,603,959 | $26,615,096 | $26,763,272 | $171,500 | 1 | $928,817 |
About National Association of Real Estate Investment Trusts (Nareit)
Based on IRS filings
National Association of Real Estate Investment Trusts (Nareit) is a public charity focused on Community Improvement & Capacity Building, based in Washington, DC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $54.9M in total assets. In 2025, it awarded 1 grant totaling $130K. Net investment income was $2.3M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
National Association of Real Estate Investment Trusts (Nareit) is led by Steven Wechsler, President & CEO on every filing since 2020; 11 of 30 officers listed in 2025 are compensated.
Officers on the 2025 filing
Steven Wechsler
President & CEO
On filings since 2020
40 hrs/week
$2.3M (2020) → $2.9M (2025)
Sumit Roy
First Vice Chair & Chair
Treasurer & Second Vice Chair → Second Vice Chair & First Vice Chair, 2024
Second Vice Chair & First Vice Chair → First Vice Chair & Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Conor C. Flynn
Chair & Executive Board Member
Second Vice Chair & First Vice Chair → First Vice Chair & Chair, 2024
First Vice Chair & Chair → Chair & Executive Board Member, 2025
On filings since 2021
1 hr/week
No compensation reported
Catherine Barre
Executive Vice President, Policy & Public Affairs
Executive Vice President & General Counsel → Executive Vice President, Policy & Public Affairs, 2023
On filings since 2020
39 hrs/week
$636K (2020) → $882K (2025)
Christopher Drula
Senior Vice President & Financial Standards
On filings since 2020
40 hrs/week
$428K (2020) → $514K (2025)
John Worth
Executive Vice President, Research & Investor Outreach
On filings since 2020
40 hrs/week
$516K (2020) → $691K (2025)
Kurt Walten
Senior Vice President & Investment Affairs
On filings since 2020
40 hrs/week
$426K (2020) → $522K (2025)
Matthew Bechard
Executive Vice President, Comms. & Industry Affairs
Executive Vice President & Communications → Executive Vice President, Comms. & Industry Affairs, 2022
On filings since 2020
40 hrs/week
$325K (2020) → $489K (2025)
Robert Dibblee
Senior Vice President & Government Relations
On filings since 2020
37 hrs/week
$512K (2020) → $600K (2025)
Victoria Rostow
Senior Vice President, Reg. Affairs & Deputy Gc
On filings since 2020
40 hrs/week
$441K (2020) → $526K (2025)
Roberto Diaz
Executive Vice President, Finance & Fiscal Management
On filings since 2022
39 hrs/week
$363K (2022) → $455K (2025)
Victor Dristas
Executive Vice President & Operations
On filings since 2022
40 hrs/week
$349K (2022) → $429K (2025)
John Jones
Senior Vice President & Government Relations
On filings since 2023
36 hrs/week
$475K (2023) → $528K (2025)
James M. Taylor Jr.
Executive Board Member
On filings since 2020
1 hr/week
No compensation reported
Lisa Palmer
Executive Board Member
Second Vice Chair & Chair → Chair & Executive Board Member, 2023
Chair & Executive Board Member → Executive Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
Peter E. Baccile
Executive Board Member
On filings since 2020
1 hr/week
No compensation reported
W. Matthew Kelly
Executive Board Member
First Vice Chair & Chair → Chair & Executive Board Member, 2024
Chair & Executive Board Member → Executive Board Member, 2025
On filings since 2020
1 hr/week
No compensation reported
Leslie D. Hale
Treasurer & Second Vice Chair
Executive Board Member → Executive Board Member & Treasurer, 2024
Executive Board Member & Treasurer → Treasurer & Second Vice Chair, 2025
On filings since 2021
1 hr/week
No compensation reported
Mark J. Parrell
Second Vice Chair & First Vice Chair
Executive Board Member & Treasurer → Treasurer & Second Vice Chair, 2024
Treasurer & Second Vice Chair → Second Vice Chair & First Vice Chair, 2025
On filings since 2021
1 hr/week
No compensation reported
Benjamin W. Schall
Executive Board Member & Treasurer
Executive Board Member → Executive Board Member & Treasurer, 2025
On filings since 2022
1 hr/week
No compensation reported
Edward B. Pitoniak
Executive Board Member
On filings since 2022
1 hr/week
No compensation reported
Joseph D. Russell Jr.
Executive Board Member
On filings since 2022
1 hr/week
No compensation reported
H. Eric Bolton Jr.
Executive Board Member
On filings since 2023
1 hr/week
No compensation reported
Scott M. Brinker
Executive Board Member
On filings since 2023
1 hr/week
No compensation reported
Theodore J. Klinck
Executive Board Member
On filings since 2023
1 hr/week
No compensation reported
Andrew P. Power
Executive Board Member
On filings since 2024
1 hr/week
No compensation reported
Marshall A. Loeb
Executive Board Member
On filings since 2024
1 hr/week
No compensation reported
Steven Vondran
Executive Board Member
On filings since 2024
1 hr/week
No compensation reported
Angela M. Aman
Executive Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Daniel S. Letter
Executive Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (20)
- Former: Marguerite M. Nader (2020–2024) — Executive Board Member
- Former: Tamara D. Fischer (2020–2024) — Executive Board Member
- Former: Thomas A. Bartlett (2020–2024) — Executive Board Member
- Former: Tony Edwards (2020–2024) — Senior Executive Vice President
- Former: James F. Risoleo (2020–2023) — Executive Board Member
- Former: Michael J. Schall (2020–2023) — Executive Board Member
- Former: Owen D. Thomas (2020–2023) — Executive Board Member
- Former: A. William Stein (2020–2022) — Executive Board Member
- Former: George Yungmann (2020–2022) — Senior Vice President & Financial Standards
- Former: James B. Connor (2020–2022) — First Vice Chair
- Former: Sheldon Groner (2020–2022) — Executive Vice President, Finance & Ops
- Former: Thomas M. Herzog (2020–2022) — Executive Board Member
- Former: Bruce W. Duncan (2020–2021) — Executive Board Member
- Former: Susan L. Givens (2020–2021) — Executive Board Member
- Former: Thomas J. Baltimore Jr. (2020–2021) — Executive Board Member
- Former: Christopher P. Marr (2020) — Executive Board Member
- Former: Jeffrey S. Olson (2020) — Executive Board Member
- Former: Maria R. Hawthorne (2020) — Second Vice Chair
- Former: Robert Pflieger (2020) — Former Executive Vice President & Communications
- Former: Sandeep Mathrani (2020) — Executive Board Member
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2.9M, to Steven Wechsler (President & CEO). 11 officers or directors reported compensation on that filing.
Frequently asked questions about National Association of Real Estate Investment Trusts (Nareit)
How much does National Association of Real Estate Investment Trusts (Nareit) give each year?
National Association of Real Estate Investment Trusts (Nareit) gave $130K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $130K across 1 grant.
How large is National Association of Real Estate Investment Trusts (Nareit)?
National Association of Real Estate Investment Trusts (Nareit) reported $54.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $36.4M.
What is National Association of Real Estate Investment Trusts (Nareit)?
National Association of Real Estate Investment Trusts (Nareit) is a public charity focused on Community Improvement & Capacity Building, based in Washington, DC. It holds $54.9M in total assets as of 2025.
Where does National Association of Real Estate Investment Trusts (Nareit) operate?
National Association of Real Estate Investment Trusts (Nareit) has awarded grants in District of Columbia.
What is National Association of Real Estate Investment Trusts (Nareit)'s EIN?
National Association of Real Estate Investment Trusts (Nareit)'s EIN (Employer Identification Number) is 27-3586050. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 16, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 19, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 15, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
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