As any experienced real estate investor will tell you, networking is the single most important aspect of their business. You can only do so many things at one time to generate leads. Proper networking will bring deals to your door that you otherwise would have missed out on.
Below are some good networking sites depending on the type of commercial properties you buy or your place in the commercial real estate world.
Apartment Owner Investors
The National Association of Apartment Owners (NAA) was started in 1939 to serve as a legislative advocate and also to serve the interests of apartment owners, property managers, leasing agents, developers, maintenance personnel and apartment industry suppliers. The NAA has nearly 200 state and local chapters across the country. It supports over 50,000 multifamily housing companies and corporations that control over six million apartment units and homes in the United States.
Joining one of the local chapters is the best way to get the most out of your NAA membership. Some of the benefits of membership include admittance to its annual multifamily housing trade show and conference, which is by far the largest in the industry, and access to the career center connecting qualified professionals with great multifamily companies.
Office Building Investors
The Building Owners and Managers Association (BOMA) is more than a century old. It is a huge network of professionals who take part in owning, managing, leasing and developing office buildings, medical office complexes and corporate facilities. BOMA states that it’s current membership collectively own more than 80 percent of the prime office space in North America.
BOMA is the nations largest and most influential lobbyist for office building legislation. It sets the industry standard for operations and reporting by producing research documents. Additionally, every year it hosts the North American Real Estate Congress and Trade Show which is the nation’s largest gathering of office building professionals. Membership is available through any one of its 92 local BOMA associations nationwide. You’ll get access to its real estate advocacy group, live networking events, and publications and seminars.
Shopping Center Investors
The International Council of Shopping Centers (ICEC) originated in 1957 and has over 70,000 members currently throughout the United States and Canada and many other countries worldwide. It supports shopping center investors, owners, property managers, developers, marketing specialists, commercial lenders, retailers, and other commercial professionals.
It’s annual trade convention consistently draws over 40,000 attendees and is held every spring. This is the place to network with other Shopping Center Investors from around the world. The ICSC is a networking giant in the industry. Along with it’s annual trade convention it holds other national and regional conferences and trade shows.
Property Management Professionals
The Institute of Real Estate Management (IREM) has been helping property managers for over seventy years. It works primarily with real estate professionals who are involved in property management of commercial and multifamily properties. IREM is an affiliate of the National Association of Realtors (NAR). It is often the place where commercial professionals look to find experienced property managers for hire.
Daniel Doran is a 20+ year veteran in the real estate industry. He is a previous owner of a law firm, mortgage and title company. Daniel has also written several books on mortgage modification, short sales and real estate investing. He currently specializes in Commercial Finance and Real Estate Development and is a graduate of Manhattanville College and Brooklyn Law School. You can contact Dan at Buildings By Owner.