Real Estate Roundtable News

The Real Estate Roundtable Praises Prompt Enactment of the Economic Stimulus Package

Today, Real Estate Roundtable President and CEO Jeffrey D. DeBoer issued the following statement regarding the President's signing of the economic stimulus bill

WASHINGTON, Feb. 12 PRNewswire-USNewswire — The following is a statement by Real Estate Roundtable President and CEO Jeffrey D. DeBoer:

"We applaud President Bush's leadership and the swift bipartisan Congressional action to enact this important economic stimulus package. This legislation will spur consumer spending, provide additional refinancing options to homeowners, boost confidence and encourage businesses to accelerate investments. Clearly, national policymakers are working hard to ensure that a recession can be avoided and this robust pro-growth legislation is the right tonic for today's economic slowdown. We congratulate Congress and the Administration for acting quickly and we stand ready to help identify additional appropriate measures should they be needed."

The Real Estate Roundtable brings together leaders of the nation's top publicly-held and privately-owned real estate ownership, development, lending and management firms with the leaders of 16 national real estate trade associations to jointly address key national policy issues relating to real estate and the overall economy. Collectively, Roundtable members' portfolios contain over 5 billion square feet of office, retail and industrial properties valued at more than $700 billion; over 1.5 million apartment units; and in excess of 300,000 hotel rooms. Participating trade associations represent more than 1 million people involved in virtually every aspect of the real estate business.

The Real Estate Roundtable recently released its 2008 national policy publication, "An Agenda for a Strong Economy and Sustainable Communities" that can be downloaded at: www.rer.org/Feb2008-Stimulus.

SOURCE Real Estate Roundtable

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