Reit Magazine - January/February 2021 - 14

Diversity, Equity & Inclusion (DDEI) CEO Council.
Made up of 30 REIT CEOs, the council is leading
the REIT industry's efforts to advance actionable
and sustainable plans that support the recruitment,
inclusion, development, and advancement of
women, professionals of color, and members of other
underrepresented groups.
" The mission of the DDEI CEO Council is to
address-at the highest level-the key issues and
opportunities related to diversity, equity, and
inclusion in the REIT and publicly traded real estate
industry, " Stein explains. The council, he adds, " will
provide Nareit's leadership with recommendations
to help further the association's and the industry's
progress in this crucial area. "

A NEW LENS
The council was formed last November, the same
month that Nareit tapped Nathaalie Carey, former
COO at New York state's Department of Labor, to
serve as its new SVP for industry affairs and social
responsibility. Carey is not only a former high-ranking New York state official but also served on Gov.

" We have to think about diversity of thought,
educational background, and experience. Normally,
you get diversity from looking around the table and
seeing who's missing, " whether it's people of color,
women, members of the LGBTQ community, people
with disabilities, or other underrepresented groups,
she explains.
Companies, she adds, may need to consider
not just who's seated around the proverbial break
room table but around the boardroom table as
well. Companies that need and/or want to do
more when it comes to diversity and inclusion
can start by reexamining their hiring and promotional practices and existing partnerships
with executive search firms, Carey notes.
" There are issues to consider in terms of your
organizational structure and setup if you want
to make a difference, " she explains. " If you
have a chief diversity officer, for instance,
ask yourself what power does that
person have? Is there someone
who is looking unilaterally
at your hiring practices and

" We're examining everything
from the holidays we celebrate,
to the way we recruit, to the
charities we support. "
- Chris Benjamin, President and CEO, Alexander & Baldwin, Inc.

Andrew Cuomo's NYS Women's Pay Equity Panel.
Now a member of Nareit's senior leadership team,
she is responsible for several key priorities, including
the social elements of environmental, social, and
governance (ESG) policies in the REIT community.
To advance diversity, equity, and inclusion, she's
working closely with Nareit President and CEO
Steve Wechsler and founding members of the DDEI
CEO Council to develop initiatives aimed at driving
sustainable change. Nareit's newly-formed Social
Responsibility Council, meanwhile, is tasked with
figuring out how those initiatives can be scaled
across the REIT industry.
" There are so many different opportunities right
now that go beyond the traditional philanthropic
endeavors that many of these organizations already
undertake, " Carey says, noting that she was drawn to
her role at Nareit largely for the opportunity to make
a difference in an industry with global impact.
Among other priorities, Carey hopes to help members of the commercial real estate community see
diversity, equity, and inclusion through a new lens.

making decisions on the organization's
behalf if they see trends that may have
negative impacts on any particular
group of people? "

RAISING THE STAKES
Even REITs that have led the way on diversity
and inclusion are pushing themselves harder in the
wake of last summer's civil unrest.
Consider Alexander & Baldwin, Inc. (NYSE:
ALEX) (A&B), Hawaii's largest owner of grocery-anchored neighborhood shopping centers and the
silver recipient of Nareit's 2020 Diversity, Equity
& Inclusion Recognition Award. Many of A&B's
employees are women. What's more, its workforce is
already racially diverse, largely because of the demographic makeup of the state in which it operates,
according to President and CEO Chris Benjamin.
Hawaii is home to the nation's largest share of multiracial Americans, according to the Pew Research
Center. Only about 25% of its population is white,
according to the Census Bureau.



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
Reit Magazine - January/February 2021 - 2
Reit Magazine - January/February 2021 - 3
Reit Magazine - January/February 2021 - 4
Reit Magazine - January/February 2021 - 5
Reit Magazine - January/February 2021 - 6
Reit Magazine - January/February 2021 - 7
Reit Magazine - January/February 2021 - 8
Reit Magazine - January/February 2021 - 9
Reit Magazine - January/February 2021 - 10
Reit Magazine - January/February 2021 - 11
Reit Magazine - January/February 2021 - 12
Reit Magazine - January/February 2021 - 13
Reit Magazine - January/February 2021 - 14
Reit Magazine - January/February 2021 - 15
Reit Magazine - January/February 2021 - 16
Reit Magazine - January/February 2021 - 17
Reit Magazine - January/February 2021 - 18
Reit Magazine - January/February 2021 - 19
Reit Magazine - January/February 2021 - 20
Reit Magazine - January/February 2021 - 21
Reit Magazine - January/February 2021 - 22
Reit Magazine - January/February 2021 - 23
Reit Magazine - January/February 2021 - 24
Reit Magazine - January/February 2021 - 25
Reit Magazine - January/February 2021 - 26
Reit Magazine - January/February 2021 - 27
Reit Magazine - January/February 2021 - 28
Reit Magazine - January/February 2021 - 29
Reit Magazine - January/February 2021 - 30
Reit Magazine - January/February 2021 - 31
Reit Magazine - January/February 2021 - 32
Reit Magazine - January/February 2021 - 33
Reit Magazine - January/February 2021 - 34
Reit Magazine - January/February 2021 - 35
Reit Magazine - January/February 2021 - 36
Reit Magazine - January/February 2021 - 37
Reit Magazine - January/February 2021 - 38
Reit Magazine - January/February 2021 - 39
Reit Magazine - January/February 2021 - 40
Reit Magazine - January/February 2021 - 41
Reit Magazine - January/February 2021 - 42
Reit Magazine - January/February 2021 - 43
Reit Magazine - January/February 2021 - 44
Reit Magazine - January/February 2021 - 45
Reit Magazine - January/February 2021 - 46
Reit Magazine - January/February 2021 - 47
Reit Magazine - January/February 2021 - 48
Reit Magazine - January/February 2021 - 49
Reit Magazine - January/February 2021 - 50
Reit Magazine - January/February 2021 - 51
Reit Magazine - January/February 2021 - 52
Reit Magazine - January/February 2021 - 53
Reit Magazine - January/February 2021 - 54
Reit Magazine - January/February 2021 - 55
Reit Magazine - January/February 2021 - 56
Reit Magazine - January/February 2021 - 57
Reit Magazine - January/February 2021 - 58
Reit Magazine - January/February 2021 - 59
Reit Magazine - January/February 2021 - 60
Reit Magazine - January/February 2021 - 61
Reit Magazine - January/February 2021 - 62
Reit Magazine - January/February 2021 - 63
Reit Magazine - January/February 2021 - 64
Reit Magazine - January/February 2021 - Cover3
Reit Magazine - January/February 2021 - Cover4
https://www.nxtbookmedia.com