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Washington, D.C. · Nonprofit

NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT)

NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT) (Washington, D.C.) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being THE AMERICAN INSTITUTE OF ARCHITECTS ($10,000). 0 of them have funded it in more than one year.

Revenue FY2025
$36M
Funders on record
1
Grants received
$10k
Net assets
$29M
0/1 repeat funderspeak grant-dependency 0%
01What it does

What National Association of Real Estate Investment Trusts (Nareit) does

Mission

The National Association of Real Estate Investment Trusts (Nareit) is the trade association for reits and publicly traded real estate companies with an interest in the u.s. Nareit's purpose is to further the interests of its members which include reits and other businesses that own, operate, and finance income-producing real estate.

As stated on its FY2025 Form 990.

Programs

  1. Government relations are integral to keeping members and the public informed of the legislative environment surrounding reits and the real estate industry as a whole.

  2. Communications and publications are produced and disseminated to keep membership, and the public at large, informed of current industry issues. Publications include industry educational materials, and results of industry and educational research.

  3. Conferences and seminars bring members and experts in the business of real estate investment trusts together to confer, consult, and cooperate to address industry issues.

The 3 programs described on its FY2025 Form 990, listed largest first by expense.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($27M) Expenses 100 ($27M) Net assets 100 ($16M)2021 Revenue 109 ($29M) Expenses 101 ($27M) Net assets 125 ($20M)2022 Revenue 125 ($33M) Expenses 128 ($34M) Net assets 90 ($15M)2023 Revenue 133 ($35M) Expenses 126 ($34M) Net assets 119 ($19M)2024 Revenue 140 ($37M) Expenses 125 ($34M) Net assets 155 ($25M)2025 Revenue 137 ($36M) Expenses 130 ($35M) Net assets 181 ($29M)
202020212022202320242025
Revenue (137)Expenses (130)Net assets (181)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $48M to $55M (+15%).

$31M
$37M
$40M
$43M
$48M
$55M
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

0% of NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT)’s revenue is contributions — more earned-revenue than three-quarters of its peers (61% for the typical peer).

This organization
Typical peer · 696 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.

−$148k
’20
$2.2M
’21
−$951k
’22
$1.8M
’23
$3.8M
’24
$1.5M
’25
1.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Steven Wechsler

President & CEO

As listed on its FY2025 Form 990.

202020212022202320242025
Listed333133323230
Joined·+3+5+4+3+2
No longer listed·53534
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'21
total
funders
1

Left out of every figure on this page: $61k from 2 payers (the payer shares this organization's board, largest Motion Picture Association Inc). These are real filings, and they are not money NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT) raised.

From the IRS filings of NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT)’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT)'s grant income comes from Washington, D.C. funders.

DC

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT) runs a healthier operating margin than half of the 328 community improvement nonprofits its size.

Operating margin4% · above the median
Months of reserve1.2mo · bottom quartile
Revenue growth (annualized)6% · below the median

this organization peer median middle 50% of peers· 328 community improvement nonprofits $10M–$100M, FY2025

Organizations like NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT)

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Washington, D.C.

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

17
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 2 related entities

  • Nareit Foundation · exempt
  • Nareit Political Action Committee · exempt

Screen this organization

A dated, signed PDF of the compliance screen for NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT): IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT)?
NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT) (Washington, D.C.) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being THE AMERICAN INSTITUTE OF ARCHITECTS ($10,000). 0 of them have funded it in more than one year.
How many funders does NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT) have?
IRS filings report 1 organization giving $10,000 in grants to NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT).
Who is the largest funder of NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT)?
THE AMERICAN INSTITUTE OF ARCHITECTS is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
How can an organization like NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT) find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Washington, D.C.. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing