NAREIM Initiates Search for New CEO Following Leadership Transition

NAREIM Starts Search for New CEO

In a major development for the real estate investment community, the National Association of Real Estate Investment Managers, commonly known as NAREIM, has officially embarked on its search for a new Chief Executive Officer. This announcement comes as Zoe Hughes, the current CEO, prepares to step down after more than six impactful years.

Zoe Hughes has been a pivotal figure at NAREIM, serving not only as CEO but also as President of the Pension Real Estate Association (PREA). Her leadership has seen NAREIM expand significantly, growing to represent over 105 members who collectively manage a staggering $3.4 trillion in assets. Under her guidance, the organization has become a vital platform for real estate investment managers to converge, discuss, and tackle prevailing industry challenges in an open and transparent manner.

Kristin Renaudin, CFO of Stockbridge Capital Group and Chair of the NAREIM Board of Directors, expressed gratitude to Hughes for her contributions, stating, "The Board of Directors and I are tremendously grateful to Zoe for her leadership and building NAREIM to what it is today." Renaudin believes that the groundwork laid by Hughes sets NAREIM up for exciting future opportunities, especially at a time when the real estate sector is navigating substantial transformations.

The search is being conducted by Ferguson Partners, a notable global talent management firm that specializes in the real assets sector. Bob Mayes and Graham Beatty, who are leading the recruitment efforts, indicated that the search for a new CEO is an opportunity to continue making a positive impact in an industry that is increasingly focused on delivering superior returns for investors.

The responsibilities awaiting the next CEO are significant. As Renaudin articulated, the incoming leader will be tasked with building on NAREIM's solid foundation and guiding the organization through an era of change. The next CEO will play a critical role in steering NAREIM’s strategic initiatives, delivering cutting-edge programs, and enhancing engagement across the membership base.

Some of the core responsibilities of the CEO role include: overseeing NAREIM's long-term strategies, managing the delivery of annual programs which feature more than ten in-person meetings, and conducting signature research initiatives like the NAREIM Compensation Survey and the Global Real Estate DEI Survey.

The NAREIM Board is seeking a visionary leader who can propel the organization into its next chapter while ensuring the enhancement of member value and positioning NAREIM as a foremost figure in the industry. The ideal candidate will be adept at managing strategic leadership, facilitating member engagement, operational management, and developing impactful programs.

In line with its commitment to diversity and inclusivity, NAREIM encourages applications from all backgrounds, recognizing the value of various perspectives in driving forward the real estate investment management profession.

Those interested in applying for this critical position are advised to submit a resume and cover letter that outlines their qualifications and relevant experience. The review of applications will occur on a rolling basis until the new CEO is appointed.

For further details or inquiries, potential candidates can reach out to Ferguson Partners. As the industry looks ahead, the transition in leadership at NAREIM signifies a moment of both challenge and opportunity, with the next CEO set to shape the future of the organization and its members in an evolving market landscape.