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Article: Real estate lobby asking legislators to ease rules on commercial REITs. (National Realty Committee; real estate investment trusts)
- Article from:
- American Banker
- Article date:
- June 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON -- To real estate agents and commercial real estate lenders, the late 1980s seem like a bad dream.
The National Realty Committee (NRC), a high-powered organization of real estate lenders and developers, is trying to make sure the nightmare of the 1980s doesn't recur.
By bringing together the big players in real estate with movers and shakers in Congress, the White House and various regulatory agencies, the committee is trying to flatten the dips and peaks of an industry that has always been cyclical by nature.
"We're trying to articulate to policy makers the important role that real estate should play in national policy," said James Didion, the ...