Reit Magazine - January/February 2021 - 13

BUILDING

DIVERSITY
THE REIT INDUSTRY HAS COMMITTED TO
MAKING MEANINGFUL STRIDES ON DIVERSITY,
EQUITY, AND INCLUSION ACROSS ITS RANKS.
BY ANNA ROBATON

Among the many things 2020 will be remembered
for is a national reckoning on race and social justice
that is driving change on a number of fronts, including the commercial real estate sector.
By building upon existing efforts and launching
new initiatives to promote diversity, equity, and
inclusion within the REIT industry, Nareit and its
membership are working to ensure that the momentum sparked in 2020 generates measurable and
substantive change in the years ahead.
Even before the killing of George Floyd by police
last summer fueled nationwide protests and public
condemnations of systemic racism, Nareit and REITs
had stepped up efforts to address social issues. Set
against the backdrop of a pandemic that disproportionately impacted people of color, the events of 2020

only underscored the importance of those efforts and
created a greater sense of urgency.
" I think there is a huge opportunity " to create
lasting change, says Thomas Baltimore Jr., chairman,
president, and CEO of Park Hotels & Resorts Inc.
(NYSE: PK).
" I do not believe this is a passing fad, but a real
opportunity for companies, including Park, to
evaluate and upgrade their employment practices
[regarding] recruiting, training, promotion, mentoring, and sponsorship, " adds Baltimore, who is part of
a diverse executive management team at Park.
Together with Debra A. Cafaro, chairman and
CEO of Ventas, Inc. (NYSE: VTR) and A. William
Stein, CEO of Digital Realty (NYSE: DLR),
Baltimore co-chairs Nareit's new Dividends Through
Nareit: Real estate working for you |

13



Reit Magazine - January/February 2021

Table of Contents for the Digital Edition of Reit Magazine - January/February 2021

Contents
Reit Magazine - January/February 2021 - Cover1
Reit Magazine - January/February 2021 - Contents
Reit Magazine - January/February 2021 - 1
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Reit Magazine - January/February 2021 - 3
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