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REITPAC supports the political process to ensure that the collective voice of the REIT and publicly traded real estate industry is heard by lawmakers as they consider policies that will affect our business in the future.
For any questions about REITPAC or the CLC Program, please contact us or call us at 202-739-9436.
Who can contribute?
Any United States resident or green card holder can voluntarily contribute to a political action committee.
Frequently Asked Questions
REITPAC is the Political Action Committee (PAC) sponsored by Nareit. PACs are authorized by law to provide members of organizations a way to jointly pursue concerns and defend mutual interests by legally pooling their contributions to support candidates for political office.
If you are a corporate member (i.e. an incorporated entity, an LLC member that is treated as a corporation for federal tax purposes, or an LLC or partnership that is wholly owned by a corporation, the most important thing you can do right now is fill out a REITPAC prior approval form. Then we can explain the benefits of contributing to REITPAC in greater detail. Federal law stipulates that REITPAC can only solicit and accept individual (i.e. personal) contributions or accept contributions from other Political Action Committees - and we do so after you return the form. Rest assured this form only gives us permission to tell you more about REITPAC.
Trade associations are required by federal election law to obtain permission from their corporate members before they can ask executives and administrative personnel working for the corporate member for financial support. Before eligible employees of a corporate member can be asked to contribute to REITPAC, a REITPAC PAF must be signed by a representative of that corporate member. Signing a PAF is only a formality, allowing REITPAC to communicate with such corporate member , and does not obligate the member in any way. A corporate member may grant such authorization to only one trade association per year.
Individuals who are neither U.S. citizens nor green cardholders residing in the U.S. may not make or be solicited to contribute.
Federal law limits individual contributions to $5,000 per individual, per calendar year.
Yes, but only if you are a corporate member that has signed and submitted the prior authorization form, which allows you to encourage your managerial employees/colleagues to contribute to REITPAC.
