2012 ANNUAL REPORT Mission Statement

The ongoing mission of the IREM® Foundation is Workforce Development. The Foundation is committed to attracting and developing individuals for careers in real estate management. We support education and training opportunities that align with the Institute’s goals and bolster industry growth.

The IREM Foundation is a 501(c)(3) nonprofit corporation created in 1977 to provide educational and research programs for real estate managers, educators, the government, and the public. The Foundation is largely supported through tax-deductible contributions, including donations from IREM members and others involved in the real estate management industry.

IREM Foundation 430 N. Avenue Chicago, Illinois 60611-4090 ©2013 Institute of Real Estate Management. All rights reserved. IREM®, the IREM logo, CERTIFIED PROPERTY MANAGER®, CPM®, the Phone: 800-837-0706 CPM key logo, ACCREDITED RESIDENTIAL MANAGER®, ARM®, the ARM torch logo, ACCREDITED MANAGEMENT ORGANIZATION®, Fax: 800-338-4736 AMO®, the AMO circle logo, Income/Expense Analysis®, Expense Analysis® and JPM ® are registered marks of the Institute of Real E-mail: [email protected] Estate Management.

IREM FOUNDATION 2 2012 ANNUAL REPORT BOARD OF DIRECTORS Joseph S. Greenblatt, Julie L. Muir, CPM CPM Elliott Associates, Inc. The activities of the IREM Edward H. Boudreau Jr., Sunrise Management Co. Portland, OR CPM Foundation were guided by its San Diego, CA Board of Directors, comprised Dallas, of 19 outstanding real estate George D. Griffin, III, Michael B. Simmons, professionals. Eugene J. Burger, CPM CPM CPM Eugene Burger Houston Housing Community Realty President Management Corp., AMO Authority Management, Inc., AMO Robert B. Toothaker, Rohnert Park, Houston, TX Pleasantville, New Jersey CPM California CB Richard Ellis/ W. Alan Huffman, CPM Julie R. Teague, CPM Bradley, AMO Gordon Dowrey, Jr., Key Management EDENS South Bend, CPM Company, Inc., AMO Columbia, SC CBRE Wichita, Kansas , IN Vice President Clark F. Lindstrom, Jr., Mary W. Wilken, CPM Gail P. Duke, CPM CPM John N. Gallagher, CPM Home Management, Brooklyn, New York The Peterson Polinger Shannon & LLC Companies Luchs Co. Charlotte, NC Wichita, KS Chevy Chase, Maryland Executive Director William P.J. Donald B. Russell C. Salzman, CAE, McCarthy, CPM Wilkerson, CPM Emily Christine IOM, RCE W.P.J. McCarthy & Co. Goodman, CPM, ARM Gaston & Wilkerson Institute of Real Ltd. CORE Realty Management Group Estate Management Burnaby, BC Chicago, Illinois Holdings Reno, NV Management, Inc. Pamela W. Monroe, CPM Greensboro, NC Community Realty Management, Inc., AMO Pleasantville, New Jersey

IREM FOUNDATION 3 2012 ANNUAL REPORT PROFESSIONAL RECOGNITION AWARDS The Institute of Real Estate Management is fortunate to count among its ranks many outstanding real estate management professionals who work tirelessly to make valuable contributions to the organization and the industry. These individuals show extraordinary dedication to the real estate management profession and, in so doing, enhance the stature of the profession.

The bestowment of Professional Recognition Awards is just one of the ways we show people we genuinely value what they contribute. To recognize those who truly go above and beyond to make major contributions in the real estate management industry, the IREM Foundation created 3 awards. Over the years, these awards have been given to some of the industry’s most admirable recipients:

Louise L. and Lloyd D. Hanford, Sr., Distinguished Faculty Y.T. Lum Award Award The Louise L. and Y. T. Lum Award 2010 – Beverly A. Roachell, CPM The Lloyd D. Hanford Sr. Distinguished recognizes individuals who are actively 2009 – Noriaki Shiomi, CPM Faculty Award is conferred to an IREM engaged in real estate management and 2009 – Yoshitaka Sadamura, CPM faculty member who has demonstrated have made distinguished contributions to the 2007 – Richard F. Muhlebach, CPM exceptional commitment to the profession through education, publication or 2006 – John W. Magnuson, CPM 2002 – Glenn L. French, CPM advancement of professional education in the advancement of ethical and professional 1999 – Joseph W. DeCarlo, CPM the real estate standards. Nominees do not have to be 1996 – Barbara L. Holland, CPM management CPM Members. 1995 – Floyd M. Adashek, CPM industry. Nominations 1992 – Robert K. Beal, CPM Nominees must for the award 1991 – Douglas F. Collins, CPM be currently are considered 1989 – Joseph C. Murray, CPM active IREM annually. When 1985 – Ronald Vukas faculty members. given, the 1984 – Lillian E. Bowen, CPM 1983 – Aaron M. Chaney, CPM When given, the Lum Award Hanford Award 1982 – Edward N. Kelley, CPM is presented is presented during the IREM during the IREM Leadership and Leadership and Legislative Summit. Legislative Summit. Annual nomination deadline: September 10 Annual nomination deadline: September 10

IREM FOUNDATION 4 2012 ANNUAL REPORT J. Wallace Paletou Award 2011 – Charles A. Achilles The J. Wallace Paletou Award is presented 2010 – Robert K. Beal, CPM to an individual who has made significant 2007 – Leon A. Klein, CPM contributions to the real estate management 2005 – Carl R. Green, CPM 2011 – John W. Magnuson, CPM industry or contributed to the betterment of 2002 – Thomas P. Costello, CPM 2010 – Steven K. Easton, CPM 2001 – George F. Allen, Jr., CPM society as a whole through the role of a real 2009 – Stephen M. Cary, CPM 1998 – Joseph T. Aveni, CPM 2008 – Richard F. Muhlebach, CPM estate manager. Nominees do not have to be 1997 – George Knight 2007 – Leonard I. Frenkil, CPM CPM Members. Nominations for the award 1996 – Robert O. Boulter, CPM 2006 – Jo Anne Corbitt, CPM are considered annually. If a recipient is 1994 – Vincent Lane 2005 – Kenneth Goodacre, CPM selected for a given year, the Paletou Award 1990 – G. Lindsey Crump, CPM 2003 – Glenn L. French, CPM is presented during the IREM Leadership and 1987 – Theodore R. Britton, Jr., CPM 2001 – Otto Gene Powell, CPM Legislative Summit. 1986 – George M. Brooker, CPM 1999 – Julia A. Banks, CPM Annual nomination deadline: September 10 1985 – Tan Tek Lum, CPM 1998 – Franz Janicek, Jr., CPM 1984 – Joseph T. Aveni, CPM 1997 – Barbara L. Holland, CPM 1982 – Eugene J. Burger, CPM 1996 – Eugene J. Burger, CPM 1981 – Lloyd D. Hanford, Jr., CPM 1995 – Edward F. McBride, Jr., CPM 1980 – J. Russell Doiron, CPM 1994 – William E. Borsari, CPM 1979 – James C. Downs, Jr., CPM 1992 – R. Bruce Campbell, CPM 1978 – Stanley W. Arnheim, CPM 1991 – Theodore C. Weiland, CPM 1977 – William Walters, Jr., CPM 1990 – Leon A. Klein, CPM 1976 – Paul H. Rittle, Sr., CPM 1989 – Edward N. Kelley, CPM 1975 – Aaron M. Chaney, CPM 1987 – Albert C. Harmon, CPM 1974 – H.R. Crawford, CPM 1986 – Robert D. Demson, CPM 1973 – Lloyd D. Hanford, Sr., CPM 1984 – Donald E. Patterson, CPM 1972 – Carter Dugess 1983 – Lloyd D. Hanford, Jr., CPM 1971 – Joseph C. Murray, CPM

IREM FOUNDATION 5 2012 ANNUAL REPORT SCHOLARSHIP PROGRAM

A strongly supported scholarship program has the power to bring about real changes within the Institute, the industry and the world. While the primary focus of the IREM Foundation Scholarship Program is to provide financial support to help with the cost of educating practicing real estate professionals – the scholarships are also a catalyst for change. Through our scholarships we reach out to individuals of all ages, ethnic minority groups, and people at various stages in their career to enable them to get the tools needed for success.

Together, the IREM Foundation Scholarship Program and the Chapter Restricted Fund Program serve as great resources to help property managers get comprehensive knowledge and skill building techniques needed to enhance their real estate management business practices. These result-oriented programs have been extremely instrumental in helping property managers attend IREM courses.

The IREM Foundation working in partnership with local IREM Chapters participating in the Chapter Restricted Fund Program was able to award 133 scholarships valued at over $117,750 to individuals pursuing an IREM credential. The scholarships made it possible for students to attend 257 IREM courses needed to fulfill the education requirement to earn ACoM or ARM certification or CPM designation.

2012 Scholarship Recipients Connie Adams Kevin Charcut Pamela Giorgi Stacey Jameson Gretchen Lundberg Yvonne Perry Michelle Thrasher Julie Avary Nader Cheboub Tina Granger Jennifer Janecka Anna Mancl Renee Phillips Gary Turner Lissette Badillo Samantha Chiafalo Tasha Green Nerissa Johnson Frederic Manning Mark Polatsek Telisia Van Campen RaN’ae Bacon Giachelina Cocco Paula Gold Victoria Johnson Judy Manning Holly Powell Brian Wade Tammy Barbosa Deborah Cook Scott Goldammer Robert Jones Christine Marcinko Sandy Rogers Andrea Weaver Kathryn (Christine) John Cooke Evelyn Gutierrez Deanna Kalkman David Martin Audrey Rohrbach Nancy Wensel Beckman James Costa Suvir Haripersad Lynn Keifer Glenn Martin Torey Ronan Amanda Whitaker Joyce Bendana Kristina Crawford Zachary Harris Marcus Killips Ibsam Martinez Joshua Rosenberg Shannon Wildes Adam Bernhardt Linda Dally Cassandra Haynes Stephen Koen Rachel McMahon Matthew Scaparro John Williams Robert Bessmer Agim Dega Kristopher Henry Claire Kolkoski Thomas McMaster Becky Seizert Kathy Wilt Wilson Bland Brent Delehoy Brandi Herdzina Gwendolen Lane Bernard Miller Jeff Shaffer Cheryl Winkelmann Matthew Boles Julia Dillon Jeff Hext Laura Le Lacy Miller Wendy Spaulding-Foster Jeffrey Zank Alexander Boyd Tammy Dockins Melissa Heyman Christopher Ledwin Tamiela Mitchell Jeremy Strawn Astrid Zayas Kaci Brown Jana Dolder Frances Horton Gina Lee Robin Moore Zainab Streeter Rachael Burton Aaron Dorsch Emily Hurst Terri Lehnertz Michael Morings Marjaneh Tabrizi Freeman Burns Graciela Florimon Stacy Inness Robert LeVeck Debra Newsome Catherine Talarchek Will Cannon Cathy Gammon Christina Iraca Pamela Locke Vikki Nguyen Jenell Thompson Dana Caudell Yori Garrick Chris Jackson Misty Lucero Michelle Pate Skye Thompson IREM FOUNDATION 6 2012 ANNUAL REPORT CHAPTER RESTRICTED FUND PROGRAM PARTICIPANTS

IREM New Jersey Chapter No. 1 IREM Oregon-Columbia River Chapter No. 29 IREM Central Chapter No. 60 IREM Delaware Valley Chapter No. 3 IREM Utah Chapter No. 33 IREM Austin Chapter No. 61 IREM Boston Metropolitan Chapter No. 4 IREM Hawaii Chapter No. 34 IREM Georgia Chapter No. 67 IREM Michigan Chapter No. 5 IREM North Florida Chapter No. 35 IREM Greater Nashville Chapter No. 71 IREM Western Pennsylvania Chapter No. 7 IREM Central Virginia Chapter No. 38 IREM Chapter No. 72 IREM Greater Metropolitan Washington Chapter No.8 IREM Hampton Roads Virginia Chapter No. 39 IREM Northern Virginia Chapter No. 77 IREM St. Louis Chapter No. 11 IREM Western North Carolina Chapter No. 40 IREM Mississippi Chapter No. 80 IREM Milwaukee Chapter No. 13 IREM Northern Ohio Chapter No. 41 IREM El Paso Chapter No. 84 IREM Dallas Chapter No. 14 IREM Columbus Chapter No. 42 IREM Greater Rhode Island Chapter No. 88 IREM San Diego Chapter No. 18 IREM Florida West Coast Chapter No. 44 IREM Orange County Chapter No. 91 IREM South Florida Chapter No. 19 IREM Minnesota Chapter No. 45 IREM West Central Maryland Chapter No. 92 IREM San Francisco Bay Area Chapter No. 21 IREM New Mexico Chapter No. 46 IREM New York Capital Region Chapter No. 93 IREM Sacramento Valley Chapter No. 22 IREM San Antonio Chapter No. 48 IREM Southern New Jersey Chapter No. 101 IREM Chicago No. 23 IREM Southern Colorado Chapter No. 53 IREM Kentucky-West Virginia Chapter No. 104 IREM Indianapolis Chapter No. 24 IREM North Carolina Piedmont Chapter No. 56 IREM Greater Raleigh-Durham Chapter No. 105 IREM Greater New York Chapter No. 26 IREM East Tennessee Chapter No. 57 IREM Idaho Snake River Chapter No. 107 IREM Houston Chapter No. 28 IREM Rochester Western New York Chapter No. 58 IREM Canada Region No. 14

Congratulations to these scholarship recipients who earned their designations this year!

“I feel very fortunate to have received the Donald M. Furbush CPM “During challenging economic times such as these, companies are under Scholarship. This will allow me to finish my remaining coursework at little or pressure to curtail expenses, including those for education, and watch the no cost to my employer.” bottom line closer than ever. The scholarship award has allowed me to Aaron Dorsch, CPM continue forward and cross the finish line in completing the requirements for Dublin, OH the CPM designation. I am honored and very grateful for this scholarship. Thank you IREM and IREM Foundation!” Scott Stovall, CPM Dallas, TX

IREM FOUNDATION 7 2012 ANNUAL REPORT SPECIAL EVENTS A successful fundraising event does not only add dollars to our bottom line, it also Party Hearty Sponsor generates life-long friends and supporters. The Foundation has been fortunate to have an IREM Chicago Chapter No. 23 army of friends who support our mission. They speak on our behalf, volunteer their time, and attend our special events. We Like to Party Sponsor

Attending special events such as Party with a Purpose is a great way to show support of the IREM Greater Nashville Chapter No. 71 Foundation. The Party with a Purpose has been such a successful fundraising event that we sponsored two parties this year. Individual Supporters Edward Boudreau, CPM Our first fundraising party was held in conjunction with the IREM Leadership and Legislative Barbara Campbell, CPM Summit. The Party with a Purpose at Buffalo Billiards was an absolute success. The Pamela Monroe, CPM second party was held during the IREM Fall Leadership Conference at Krazy Korner in New Orleans, Louisiana. It was a high-energy, fun-filled event. Both parties and a raffle, generated gross income of more than $34,000. We thank all of the Party with a Purpose Sponsors and generous supporters.

IREM FOUNDATION 8 2012 ANNUAL REPORT Chapter Supporters IREM Hampton Roads Virginia IREM Northern Nevada/Tahoe IREM New Jersey Chapter No. 1 Chapter No. 39 Chapter No. 89

IREM Delaware Valley Chapter No. 3 IREM Northern Ohio Chapter No. 41 IREM Orange County Chapter No. 91

IREM Boston Chapter No. 4 IREM Columbus Chapter No. 42 IREM West Central Maryland Chapter No. 92 IREM Greater Los Angeles Chapter No. 6 IREM Alabama Chapter No. 43 IREM New York Capital Region IREM Western Pennsylvania Chapter No. 7 IREM Florida West Coast Chapter No. 44 Chapter No. 93 IREM Minnesota Chapter No. 45 IREM Greater Metropolitan Washington IREM Las Vegas Chapter No. 99 Chapter No. 8 IREM Greater Phoenix Chapter No. 47 IREM Southern New Jersey IREM San Antonio Chapter No. 48 IREM Cincinnati & Dayton Chapter No. 9 Chapter No. 101 IREM Chapter No. 51 IREM Tulsa Chapter No. 10 IREM California Central Coast

IREM St. Louis Chapter No. 11 IREM Southern Colorado Chapter No. 53 Chapter No. 102

IREM Nebraska Chapter No. 12 IREM Louisiana Chapter No. 55 IREM Fort Worth Chapter No. 103

IREM Milwaukee Chapter No. 13 IREM North Carolina Piedmont IREM Greater Raleigh-Durham IREM Dallas Chapter No. 14 Chapter No. 56 Chapter No. 105

IREM Maryland Chapter No. 16 IREM East Tennessee Chapter No. 57

IREM San Diego Chapter No. 18 IREM Rochester Western New York Raffle Prize Donors Chapter No. 58 IREM South Florida Chapter No. 19 Cheryl Gray, CPM IREM Central Florida Chapter No. 60 IREM Memphis Chapter No. 20 Donald Wilkerson, CPM IREM Austin Chapter No. 61 IREM Indianapolis Chapter No. 24 IREM San Francisco Bay Area IREM Georgia Chapter No. 67 IREM Greater New York Chapter No. 26 Chapter No. 21 IREM Northern Virginia Chapter No. 77 IREM Western Washington Chapter No. 27 IREM Sacramento Valley Chapter No. 22 IREM San Joaquin Chapter No. 85 IREM Houston Chapter No. 28 IREM Western North Carolina IREM Greater Rhode Island Chapter No. 88 IREM Hawaii Chapter No. 34 Chapter No. 40

IREM North Florida Chapter No. 35 IREM Greater Phoenix Chapter No. 47 IREM Central Virginia Chapter No. 38

IREM FOUNDATION 9 2012 ANNUAL REPORT PLANNED GIVING — OUR LEGACY OF LEADERS Planned giving is about building a legacy. Legacy gifts provide necessary resources to secure the future of the IREM Foundation. Contributions by will, life insurance, life estates, trusts, and annuities are all great planned giving vehicles. A planned gift provides a long lasting legacy to the Foundation, the Institute, the real estate management profession and the donor.

Legacy of Leaders

Raymond Baca, CPM Edward H. Boudreau, Jr., CPM Jo Anne Corbitt, CPM Victoria R. Parmentier, CPM E. Craig Suhrbier, CPM Malcolm W. Bates, CPM Eugene J. Burger, CPM Kenneth Goodacre, CPM Beverly A. Roachell, CPM Robert B. Toothaker, CPM Robert K. Beal, CPM Robert O. Click, CPM W. Alan Huffman, CPM Russell C. Salzman, CAE, IOM, RCE Mary W. Wilken, CPM William E. Borsari, CPM Douglas F. Collins, CPM

Becoming a member of the Legacy of Leaders is quite simple. You are already qualified if you have named the IREM Foundation in your will or trust, or have otherwise included us in your estate plans. Please let us know by submitting an Estate Intention Letter. Download the letter from our website at www.iremfoundation.org.

Testimonials

“For my family the choice and logic of making a gift to the IREM Foundation was easy. I “As IREM CEO and Foundation Executive Director, I know firsthand that the collaborative received my CPM about 25 years ago and since that time I became gradually more involved environment between our two organizations is as strong as ever envisioned. It is with with the Institute – first at the Chapter level, then later with our National office. Along the confidence that I have named the IREM Foundation as a beneficiary way I consistently received more than I gave from IREM. In fact IREM has been at the in my 401(k). While the amount is not that large, I do feel proud to nexus of virtually every major change in my business career. This business of property be considering the work of the foundation and intend to increase the management has been very good to my family and we have been blessed allocation over the years!” with many benefits. I am 100% sure that my family would not be where Russell C. Salzman, CAE, IOM, RCE we are today without the benefits, education and associations provided by the Institute of Real Estate Management. How could one not contribute? What better way to extend a hand so that others may follow your path?” Edward H. Boudreau, Jr., CPM

IREM FOUNDATION 10 2012 ANNUAL REPORT MAJOR GIVING RECOGNITION Grant Funding Major contributors are invited to attend a recognition reception held in conjunction with the The IREM Foundation has a symbiotic and IREM Fall Leadership Conference. During the reception new major contributors receive supportive relationship with the Institute. customized, recognition lapel pins. The lapel pins are made of white gold accented with While the Foundation develops and supports diamonds or gemstones. We are appreciative of each donation and wish to express our its own independent initiatives such as gratitude to our Major Contributors: Professional Recognition Awards and Scholarships, it also co-brands and makes DOUBLE DIAMOND EMERALD GOLD grants to the Institute to fund objectives found $100,000 AND ABOVE $5,000 TO $9,999 $2,500 TO $4,999 in the Institute’s Strategic Plan. The Institute Joseph T. Aveni, CPM Anthony J. Barker, Sr., CPM Irving M. Blue, CPM received grant payments totaling $24,000 this Malcolm W. Bates, CPM Richard Forsyth, CPM year in support of its Student and Academic RUBY William E. Borsari, CPM Mickey E. Layden, CPM $25,000 TO $49,999 Dorcas A. Cecil, CPM ARM Elizabeth Machen, CPM Outreach Program and International Madeleine E. Abel, CPM Jo Anne Corbitt, CPM Benjamin McGrew, CPM Outreach Program. John Gallagher, CPM Kenneth Goodacre, CPM Helen Moise, CPM E. Craig Suhrbier, CPM Ronald Goss, CPM Patricia A. Nooney, CPM Saint Augustine’s University in Raleigh, O. Randall Woodbury, CPM William P.J. McCarthy, CPM Robert Winder Nordblom, CPM Richard F. Muhlebach, CPM Ann E. Reisch, CPM North Carolina was awarded a $30,000 SAPPHIRE Regina Taylor Mullins, CPM Mary W. Wilken, CPM grant in support of its Center for Real Estate $10,000 TO $24,999 Beverly A. Roachell, CPM Gregory R. Wingate, CPM Management & Development’s Professional Edward H. Boudreau, Jr., CPM Russell C. Salzman, CAE, IOM, Paige W. Woolwine Development Program. The purpose of Eugene J. Burger, CPM RCE Edward Zehfuss, CPM Barbara A. Campbell, CPM Robert B. Toothaker, CPM Cher R. Zucker-Maltese, CPM the program is to provide sound classroom Robert O. Click, CPM Donald Wilkerson, CPM instruction and hands-on experience in the Gail Duke, CPM field of real estate management. Alan Huffman, CPM Saadat Keshavjee, CPM Pamela W. Monroe, CPM We understand funding is the fuel on which Louis H. Nimkoff, CPM many programs and projects run. Being a Victoria Parmentier, CPM key source of funding is extremely rewarding. Michael B. Simmons, CPM Anthony Smith, CPM We take great pleasure in our ability to fund programs and initiatives where the grants make a significant difference and where the desired results are tangible, lasting and impact the lives of others in a positive way.

IREM FOUNDATION 11 2012 ANNUAL REPORT FINANCIAL REPORT

Institute of Real Estate Management Foundation Statements of Financial Position December 31, 2012 and 2011 (Restated) 2012 2011 ASSETS Cash and equivalents $383,103 $295,467 Investments 563,464 510,216 Affiliate, contributions receivable 63,749 54,026 Contributions receivable - 1,250 Inventory - 1,618

TOTAL CURRENT ASSETS $ 1,010,316 $ 862,577

LIABILITIES AND NET ASSETS Current liabilities – accounts payable $ 4,360 $ 5,000

Unrestricted net assets Undesignated 619,022 484,802 Board designated 110,319 99,987 729,341 584,789

Temporarily restricted net assets 276,615 272,788 Total net assets 1,005,956 857,577

TOTAL LIABILITIES AND NET ASSETS $1,010,316 $862,577

IREM FOUNDATION 12 2012 ANNUAL REPORT Institute of Real Estate Management Foundation Statements of Activities For the Years Ended December 31, 2012 and 2011

2012 2011 Temporarily Temporarily Unrestricted Restricted Total Unrestricted Restricted Total PUBLIC SUPPORT AND REVENUE Contributions $ 240,289 $ 47,809 $ 288,098 $ 150,568 $ 72,046 $ 222,614 Donated services & in-kind donations 63,658 - 63,658 70,017 - 70,017 Special events, net of direct benefit $9,877 and $8,992 44,328 - 44,328 30,559 - 30,559 Sales less cost of goods sold $1,618 and $3,567 3,401 - 3,401 3,245 - 3,245 Investment income 15,579 1,262 16,841 12,468 1,155 13,623 Unrealized and realized gains on investments 35,227 1,691 36,918 (23,386) (1,267) (27,653) Net assets released from restrictions - satisfaction of scholarship restrictions 46,935 (46,935) - 55,543 (55,543) -

TOTAL PUBLIC SUPPORT AND REVENUE $449,417 $3,827 $453,244 $296,014 $16,391 $312,405 EXPENSES Program services Grants, scholarships and awards program 169,544 - 169,544 157,478 - 157,478 Research studies 24,270 - 24,270 8,650 - 8,650 TOTAL PROGRAM SERVICES 193,814 - 193,814 166,128 - 166,128 General and administrative 76,232 - 76,232 69,299 - 69,299 Fundraising and promotion 34,819 - 34,819 37,179 - 37,179

TOTAL EXPENSES $304,865 - $304,865 $272,606 - $272,606

Change in net assets 144,552 3,827 148,379 23,408 16,391 39,799 Net assets, beginning of year 584,789 272,788 857,577 561,381 256,397 817,778 Net assets, end of year $729,341 $276,615 $1,005,956 $584,789 $272,788 $857,577

IREM FOUNDATION 13 2012 ANNUAL REPORT DONOR RECOGNITION

Contributors to the IREM Foundation Annual Fund are PRESIDENTS CIRCLE Ann E. Reisch, CPM Wallace F. Ackley Co., AMO celebrated for their generosity and support and are $5000 AND ABOVE Russell C. Salzman, CAE, IOM, RCE Mary W. Wilken, CPM recognized corresponding to their level. Madeleine E. Abel, CPM GOLD LEVEL CONTRIBUTORS SILVER LEVEL CONTRIBUTORS IREM Chicago Chapter No. 23 $500 TO $999 $250 TO $499 IREM Columbus Chapter No. 42 Brian C. Bednar, CPM Sheila A. Austin, CPM Your contribution keeps the Cycle of Giving moving forward. IREM Houston Chapter No. 28 IREM Michigan Chapter No. 5 Edward H. Boudreau, CPM Joseph T. Aveni, CPM IREM Minnesota Chapter No. 45 Barbara A. Campbell, CPM Beven & Brock Property Management Co., Richard E. Curtis, Jr. Inc., AMO ATRIUM CLUB Michael Dos Santos Black Realty Management Inc. dba NAI $2000 TO $2,999 John N. Gallagher, CPM Black, AMO Cheryl Ann Gray, CPM Chaney Brooks & Company LLC IREM Greater Nashville Chapter No. 71 George D. Griffin, III, CPM Marlene G. Dau, CPM IREM Greater Rhode Island Chapter No. 88 IREM Alabama Chapter No. 43 David H. Davis CPM, ARM Saadat Keshavjee, CPM IREM Boston Metropolitan Chapter No. 4 Eugene Burger Management Corp., AMO O. Randall Woodbury, CPM IREM Connecticut Chapter No. 51 Lisa Michelle Fortenberry, ARM MEZZANINE CLUB IREM Dallas Chapter No. 14 Michelle Bevan Fox, ARM $1,000 TO $1,999 IREM Fort Worth Chapter No. 103 Gaston & Wilkerson Management Group, IREM Greater Cincinnati & Dayton AMO Malcolm W. Bates, CPM Chapter No. 9 Ronald L. Gjerde Gail P. Duke, CPM IREM Greater Los Angeles Chapter No. 6 Joseph S. Greenblatt, CPM Forest City Residential Management, Inc., IREM Greater New York Chapter No. 26 IREM Chapter No. 64 AMO IREM Hampton Roads Virginia IREM California Central Coast Chapter Ronald L. Goss, CPM Chapter No. 39 No. 102 IREM Delaware Valley Chapter No. 3 IREM Hawaii Chapter No. 34 IREM Central Virginia Chapter No. 38 IREM East Tennessee Chapter No. 57 IREM Las Vegas Chapter No. 99 IREM Central Florida Chapter No. 60 IREM El Paso Chapter No. 84 IREM Louisiana Chapter No. 55 IREM Florida West Coast Chapter No. 44 IREM Georgia Chapter No. 67 IREM Milwaukee Chapter No. 13 IREM Greater Phoenix Chapter No. 47 IREM Greater Metropolitan Washington IREM New Jersey Chapter No. 1 IREM Greater Raleigh-Durham Chapter No. 8 IREM Northern Virginia Chapter No. 77 Chapter No. 105 IREM North Carolina Piedmont IREM Orange County Chapter No. 91 IREM Indianapolis Chapter No. 24 Chapter No. 56 IREM San Antonio Chapter No. 48 IREM Maryland Chapter No. 16 IREM North Florida Chapter No. 35 IREM Southern Colorado Chapter No. 53 IREM Memphis Chapter No. 20 IREM San Diego Chapter No. 18 IREM Southern New Jersey IREM Nebraska Chapter No. 12 IREM South Carolina Chapter No. 72 Chapter No. 101 IREM New York Capital Region IREM West-Central Maryland IREM St. Louis Chapter No. 11 Chapter No. 93 Chapter No. 92 Helen M. Moise, CPM IREM Northern Nevada/Tahoe IREM Western Pennsylvania Chapter No. 7 Pamela W. Monroe, CPM Chapter No. 89 Elizabeth H. Machen CPM Michael B. Simmons, CPM IREM Northern Ohio Chapter No. 41 Louis H. Nimkoff, CPM IREM FOUNDATION 14 2012 ANNUAL REPORT IREM Rochester-Western New York Linda A. Adelman Appleton Corp. , AMO David Wayne Barr, CPM Miranda Jean Bialk, ARM Marie Bouquet Chapter No. 58 Linda T. Aguilar, CPM Lillian Araujo, ARM Carol Y. Barrett, ARM Kathleen Bierce Darlene M. Bourgeau IREM San Joaquin Chapter No. 85 Rebecca Lynne Aiken James W. Arce, CPM David Barrett CPM, ARM Leah Elizabeth Bierer, ARM Todd Bowen IREM South Florida Chapter No. 19 Patricia Y. Alanis, CPM Kelly M. Arft, CPM Wendy L. Barrett, CPM Mark C. Bigatel, ARM Gene R. Bowers, CPM IREM Tulsa Chapter No. 10 Candace Alderman, ARM Allison R. Arias, CPM, ARM James Phelps Barry, II, CPM Malgorzata E. Bikker Alysia L. Bowman IREM Western Washington Belinda G. Alexander, ARM Renee Armstrong, CPM H. NiCole Barry Veronica M. Billiot, CPM Brian L. Bowron, CPM Chapter No. 27 Boyd D. Alexander, CPM Arnheim & Neely, Inc., AMO Ned Barthelmas Harrison Bilodeau Kellie Boyle Nancye Kirk D. Glen Alexander, CPM Robert M. Arnold, CPM Arthur L. Bartikofsky, CPM James K. Biram Joni Lynn Bozzone, CPM Kleinman Realty Co., AMO Dwayne Alexander, CPM, ACoM, Christina L. Arseneau, CPM Charles David Barton, CPM, ARM Steven W. Birbach, ARM Camellia Bradford, ARM Louise and Y.T. Lum Foundation ARM Branchford S. Arthur, ARM, CPM Christen B. Batangan, ARM Mez R. Birdie, CPM Linda Anne Bradley, ARM Christopher E. Mellen, CPM, ARM Goriana Alexander Stacie K. Aschwege Karen D. Battistelli, ARM Brian Alan Birdy Michael R. Bradley Cheryl L. Miller, CPM Courtney Alford Michael R. Ashbrook, CPM Larry J. Bauer, CPM David L. Birdy Eve S. Brant, CPM Richard F. Muhlebach, CPM Allegheny Housing Rehabilitation Angela M. Atkins, CPM BDC Management Co., AMO H. Terrence Blaine, CPM DeShunn Bray Julie L. Muir, CPM Corp., AMO Russell David Atlas, CPM Robert K. Beal, CPM Blanchard & Calhoun Real Estate Karen L’Sha Bray, CPM Karen Murphy Gross, CPM, ARM Donna Lee Allen, CPM, ARM Justin Ausherman Robert E. Beam, Jr., ARM Co., Inc., AMO Scott Brenner, Esq Jae A. Roe, CPM, ACoM Michelle L Allen Julie A. Avary Jayson Beck Irving M. Blue, CPM Paul D. Brett, CPM Somanco, Inc. Natalie Ann Allred, CPM, ARM Axent Realty Group, AMO Lisa M. Beck, CPM Boardwalk Investment Group, Fred J. Bretz, CPM James Steinwascher Stephen Michael Alonso Axiom Properties, Inc., AMO Jeffrey R. Becker, CPM Inc., AMO Kerry Brewer Robert B. Toothaker, CPM Telisia M. Amaning Marco V. Babich, CPM Allison Kay Beckman, CPM Jerry L. Bodie, CPM Sheree S. Brewer, ARM TRUMARK Real Estate Frances C. Amati Raymond Baca, CPM Carol Ann Beer, ARM Shannon M. Bodnar, CPM, ARM John Martin Bridges, CPM Management, AMO America First Properties Patrick E. Bader Erika Nicole Beggerly Kathy Lynn Bohannon, ARM Adrian Dylan Briones Michael J. Uccellini, CPM Management, AMO Thomas Bryan Baird, III Fred A. Beguin, CPM Margaret B. Bolens, ARM Belinda Bristol, ARM Henry B. Voges, CPM American Management Services David S. Baker, CPM Alan G. Beidler, CPM Joshua Powell Bolger, CPM Robert D. Britigan, III, CPM Chip Watts, CPM dba Pinnacle, AMO Pamela K. Baker, CPM Dorinda N. Bell Sara A. Bollinger Alison Kay Brizendine, ARM Donald B. Wilkerson, CPM Lisa Amies Ronald K. Baker Joel N. Bell Tatiana Bond Richard B. Broder, CPM Anthony J. Amoroso, ARM Baurzhan Bakhtybayev, ARM Henry D. Beman, III, CPM Andrea Bonecutter, CPM Broder & Sachse Real Estate BRONZE LEVEL Laurie Ann Andersen Alfonso Balda John Michael Bennett, CPM Heather Bonham Services, Inc., AMO CONTRIBUTORS Niles D. Andersen, CPM Patricia Ann Baldt Teresa K. Benson, ARM Matthew Bonifant Kristen K. Brooks, ARM $100 TO $249 Diane Anderson, ARM Burr Browning Baldwin, Jr., CPM Roger Allen Bera, CPM Janet K. Bonner, ARM Robyne Brooks, CPM 1460 Capital Corp., Dba Pacific Eric A. Anderson, ARM Amber Baltzley, ARM JoAnn Berding, CPM Laurie S. Bonner, CPM Wendell F. Brooks, Jr., CPM Coast Commercial, AMO Gregory M. Anderson, CPM Christina Marie Banco, ARM Howard P. Berends, II, CPM, ARM Elbert W.G. Boothby, CPM Barbara C. Brown David P. Abbenante, CPM Karen Lynn Anderson, CPM James Anthony Banfield, CPM Ann Berezin, CPM Sara K. Borbonio, ARM Billie A. Brown, CPM Jason J. Abbey Laura Anderson Franny Banks, CPM Josh Andrew Berkley Joseph E. Borger, CPM Bronwynne Brown, ARM Carmen Abed, ARM Mark C. Anderson, CPM Donna L. Barbee, CPM, ARM Sandra R. Berkley, ARM Borger Management, Inc., AMO Kacianne Brown Susan Ackerman Thomas E. Anderson, CPM Christopher Stephen Barber, CPM, Jason Justin Bernheimer William E. Borsari, CPM Kimberly D. Brown, CPM Michelle Ackermann, CPM Anderson Air Corps ARM Ameen K Berrios Aaron Mandel Bosshardt, CPM Michael C. Brown, CPM, ARM Stanford M. Ackley, CPM Antonio Eustaquio De Andrade, CPM Stephen R. Barber, CPM Enid M. Berrios Bosshardt Property Management, Melissa Anne Brown, ARM Sandra J. Acton, CPM Arthur D. Andreassi, CPM Tammy Barbier Robert G. Berry, CPM Inc., AMO Darlene Brunick Andra Lizette Adame Amanda M. Andree Jennifer Jessica Barbosa, ARM Jennifer N. Bertolet Brooks Bostic, CPM Thomas D. Bryan, CPM Connie J. Adams Darlene M. Andrews, CPM William W. Barendrick, Jr., CPM Margaret P. Bessette, CPM Harry Lee Botkin, CPM Lori R. Buchbinder Douglas X. Adams Alethea Faye Anthony Branden Joseph Barker, CPM Greg John Bethke, CPM Christopher Todd Boucher Buckingham Companies, AMO Kenneth T. Adams, CPM Stephen A. Antonsen, CPM Douglas D. Barker, CPM Lynn Bettis, CPM Charles Boughan, CPM Elizabeth L. Bullard, CPM Beverly Etheridge Addison Doreen E Antonucci, CPM Carrie L. Barone, CPM C. Finley Beven, CPM Diana L. Bouillon, ARM IREM FOUNDATION 15 2012 ANNUAL REPORT BRONZE LEVEL Christopher M. Carr, ARM Gregory A. Cichy, CPM Sherri E. Commander, CPM Walter J. Crumpler, Jr., CPM Delfina Delgado CONTRIBUTORS Michael B. Carrasco, ARM Thomas Cicotello Nelson Conceicao Wesley B. Crunkleton, CPM Sara D’Elia, CPM continued Paula Michelle Carrel Ciminelli Real Estate Services of Leann M. Connin, CPM Rafael A. Cruz, CPM Annell Dell’Andrea, CPM James T. Carrillo, CPM, ARM Florida, LLC, AMO Susan L. Considine, CPM Consuelo D. Cruz, CPM Lisa Ann Deller, CPM Jeffrey I. Burck, CPM Joyce T. Carter, CPM John Anthony Ciolfi, CPM, ACoM Carol Ann Conti, ARM Elizabeth K Culibrk, CPM David M. Dellinger, ARM Andrew Burdi, CPM Leigh Odrian Carter, CPM Desiree Cirrinicione Brenda B. Conville Alan J. Cunningham, CPM Kelli Elaine Delozier, CPM, ACoM Eugene J. Burger, CPM Greg P. Cartwright, CPM Cynthia M. Clare, CPM Eileen Marie Conway, CPM, ARM Kenneth Cunningham, ARM Leslie A. DeMichele, CPM Lori E. Burger, CPM Marcia E. Caruso, CPM Bradley K. Clark James Robert Conway, CPM, ARM Stephanie Cunningham, ARM Carol L. Dempsey, CPM Stephen L. Burger, CPM Angela M. Case, ARM Eric Clark, ARM Mark C. Conway Anthony Cupano, ARM Audrey L. Demson, CPM Penni Alexandra Burgess, CPM Steven L. Cash, CPM Janice L. Clark, ARM Leslie E. Cook Claude Alan Cutshaw, ARM Nancy J. Demyan ARM Christopher C. Burns, CPM Ginnie L. Castaneda, CPM Raquel Clark, ARM Scott A. Cook, CPM Robert E. Cuttle, CPM Rebecca V. Dennis, CPM Deedra Burroughs Penny J. Castano Tonya Tuawan Clark, CPM Karen L. Cooksey, ARM Dawn E. Daffinee, CPM Mark T. Depker, CPM William H. Burton, Jr., ARM Ginger L. Catherman, CPM Gerald L Clarke Andrew Craig Cooper, CPM Robert J. Dahl, CPM Daniel P. Derosa Lori E. Bush, CPM Sundae S. Caudle Avery A. Clenney, CPM Louis P. Cooper, Jr. Michael C. Dahm, CPM Donna M. DeRose, CPM Lisa J. Bushey, CPM, ARM Jennifer Lynn Cavaco, CPM, ARM Kevin E. Cline, CPM Martha J. Cooper, CPM, ARM Scott T. Dalley, CPM John L. Desjardins, ARM William A. Butler, CPM Paula M. Caveye, ARM Virginia Joyce Clingen Jo Anne Corbitt, CPM Teresa Diane Dameron, CPM Ellen Marie Desmarais Jolene Denise Butzke Shane Edwin Cawood Tamina R. Cloe, CPM John F. Corcoran, CPM Michael M. Daniels, CPM Thomas B. Despain, CPM Donald Gregory Bynum, CPM CBRE, Inc., AMO Therese M. Cochran, CPM Megan Ann Corrales, ARM Robert James Daniels, CPM John H. Dickerson, CPM Lance Anthony Byrd, CPM M. Bernardine Cde Baca, CPM Susan L. Cockrell, ARM Penny R. Cosper, CPM Dimitri N. Dantos, ARM Jon E. Dickerson, CPM Grace M. Caddell Cecil Management Group, Inc., William J. Cody, CPM Robert J. Costello, ARM Louis A. Danzico, CPM Albert J. Didden, Jr., CPM Cagan Management Group, Inc., AMO James J. Coffey, CPM Rebecca G. Cotto Gregory James Darr, ARM Donald Dieser AMO Central Management, Inc., AMO Fred A. Cohen, CPM Lona A. Council, CPM Felissa Lynn Daugherty, CPM Julie P. DiFabio, CPM Claudia Cahue Veronica Ines Cerrud, ARM Jeffrey J. Cohen, CPM Timothy S. Coursen, CPM David L. Davenport, CPM Chuck V. DiLiberatore, ARM Ramona Anne Cain, CPM Dinora B. Chacon Paz Richard B. Cohen, CPM Bill Cowan Ryan D. Davenport Marlene A. Dillard, ARM Marty J. Caldwell, ARM Vicki L. Chadwell Saul E. Cohen, ARM Janis T. Cowey, CPM, ARM Samantha Davenport, CPM Janet Dillon, ARM Lucille M. Calvert, ARM Angela R. Chadwick, ARM Claudia Humphrey Cohn, CPM Leigh Ann Cox Carol Ann Davidson, ARM Matt David Dills, CPM Camden Property Trust, AMO Betty Y. Chan, CPM Dona A. Colangelo Stephen J. Coxe, CPM E. Thomas Davies, CPM Charles DiLoreto Lisa Cameron, ARM Betsy E. Chandler, CPM Cheryl A. Colbath, ARM Donna Crandley Barbi Eastin Davis, ARM William D. DiSchino, CPM Clint Camomot Sam Chanin, CPM Melanie W. Colbert, CPM Patrina Louise Cranfill Angela Davis Maureen M. Distasi, ARM Debra L. Campbell, CPM Larry T. Channell, CPM Christi L. Colby, CPM H. R. Crawford, CPM J. Susan Davis-Harrell Rebecca Dixon Joan S. Campbell, CPM Eddy L. Chao, CPM Coldwell Banker Commercial Jim Crawford, CPM Leslie D. Day-Harrell, CPM Christina E. Dobler, CPM Michael V. Campbell, CPM Doreen Chapman, ARM RESI, AMO Creekwood Property Corp. dba Teresa L. De La O Kunkel Kathryn J. Dobler, CPM Monica D. Campbell-Yoshihara Scott Chase John L. Cole, CPM Tonti Properties, AMO Leo P. De Lorenzo, CPM Guy L. Dolan Peter R. Campfield, CPM Wayne A. Chasen, CPM Steve M. Colella, CPM Vicki L. Crick, ARM Kandy E. De Young, CPM Mark T. Dolan, CPM Edith P. Canning Dewey Chastain, ARM Dana Denise Coleman, ARM Cynthia R. Crist, ARM Cheryl Ann Dean, CPM Michael Richard Dolphin, CPM William C. Cantey, III, CPM Gary D. Chaston, CPM Ulysses L. Coleman, III, CPM CRM Rental Management, Inc, Paul Wilson Deane, ACoM Tamera L. Dolson, ARM Philip W. Capron, CPM Carol Ann Cheatham, ARM Colliers International, AMO AMO Diane M. Decker, CPM Dominium Management Services, Morgan Tomczyk Carden, ARM Pamela R. Chiakas Douglas F. Collins, CPM Daniel Croley Ralph Declet Inc., AMO Jodelle J. Carder, CPM Janet Chiarella, CPM Laura Collins, ARM, CPM Robert D. Cronheim, CPM Patti L. Dedmon, ARM Victor Domnikov Craig L. Cardwell, CPM Connie Chiasson-Douglas Rhonda K. Collins Baughman, ARM Cronheim Management Services, Susan DeHeer, CPM Jonathan N. Donahue, CPM, ARM Kisha Carey-Spann, ARM Charlene Chinn Joseph L. Collura, CPM Inc., AMO Brian Deignan Thomas R. Donahue, CPM Brian Carnahan Mark Cho Jennifer Marie Combs Adanise Cross, ARM Evelyn V. Delgadillo Susan Jane Donahugh, CPM Lenora M. Carpenter Patrick F. Christopher CPM Conrad Comeaux Barbara E. Crow IREM FOUNDATION 16 2012 ANNUAL REPORT BRONZE LEVEL Scott Elfstrom, CPM Heena S. Feeney Tamera C. Franklin, CPM Cary David Geller Larry E. Goodman, CPM CONTRIBUTORS Cemal Elibuyuk Linda Marshall Feldman, CPM James A. Frasco, CPM Lauren Gengler S. Richard Goodwin, CPM continued Alice R. Elkins, CPM Robert B. Feller, CPM Terence W. Fraser, CPM Christine M. Geraghty, CPM Wayne Goodwin Shawn D. Elkins, ARM John M. Ferguson, CPM Janet Frazier Marla R. Gese, CPM Amos Kilgore Gordon, III, CPM Craig E. Donatelli Patti Rae Eller, CPM Linda S. Ferrill, CPM Rosalyn Freeland, ARM GHA Community Management, Rulon Quincy Gordon Kimmberly M. Donnelley, CPM Shirley A. Ellis, ARM Paul A. Fessler, CPM John L. Freeman, CPM LLC, AMO Christine M. Gorman, CPM Christopher A. Donohoe, CPM Ellis HomeSource, AMO FIMC Realty Inc., AMO Roland D. Freeman, CPM Joseph R. Gianino, ARM Paul R. Gottsegen, CPM Michael P. Donovan, CPM Paul B. Elmore, CPM David Fink Freeman Webb Co., Realtors, AMO Margaret Gibbons, CPM Janet E. Graaff, CPM Lystra Doobraj- Pinckney, ARM Michael Emma Perry M. Finkelman, CPM Sherry W. Freitas, CPM Martin Gibbons, ARM Belinda K. Grace, CPM Jon L. Dooley, CPM Daniel Carson Eng, CPM Christopher C. Finlay Nancy L. French, CPM Renee Andrea Gibbs, CPM Eugene W. Grace, CPM Patricia Michele Dorow Glenn H. England, ARM Robert Finlay Tina Rae Fridrich, ARM Theresa L. Gibbs, ARM Mari Jo Grace, CPM Scott Dorsey Margaret A. Enslow, ARM Iain B. Finlayson, CPM Daniel L. Fries, ARM R. Scott Giese, CPM Brandon Graham Gordon Dowrey, Jr., CPM Dr. Mark Eppli Julia D. Finney, CPM Melanie S. Fruge C. Diane Gilbert, CPM H. Michael Graham, CPM Ellen M. Drake Therese A. Epps, CPM Diane M. Finnigan, ARM Angela T. Fullerton, CPM Carla Gilbert Robert Graham, CPM Mitchell N. Drew, Jr., CPM Neil J. Epstein, ARM First Management Services, Inc., Terry A. Fulton, CPM Elaine (y) M. Giles Deborah L. Grant, ARM Edward C. Droste, CPM Sylvia D. Erickson, ARM AMO Kerri E. Furtado-Breen, CPM Diane B. Gilmore, ARM Ronald V. Granville, CPM Drucker & Falk, LLC, AMO Essex Realty Management, Inc., First Realty Property Management, William Bradley Gable, CPM Arthur E. Gimmy Christopher Michael Gray Christina Ann DuCote, CPM AMO Ltd., AMO Charles Vincent Gaetani, CPM Rand Ginsburg Jitratee (Jit) H. Green, CPM Steve E. Duerre Nancy Estrada, ARM Patricia A. Fish, CPM Marcus Vincent Gaetani, CPM Melissa A. Ginter, CPM Kimberly Anne Green, ARM Tracye Christina Duffin Leslie Lewiston Etterbeek, CPM Marilyn Fisher, ARM Paul Charles Gaetani, CPM James E. Gissler, CPM Monica Elise Green Harry P. Duncan, CPM John A. Eudy, CPM Randall L. Fisher, CPM Gaetani Real Estate Inc., AMO Stanley H. Gitelson, CPM Rick Greenberg, CPM Michelle Anne Dunham, ARM Andrea N. Evans Diane C. Fitzgerald, CPM Heather Lynn Gaff, CPM Angela Kim Glenn Rebecca K. Greene Maureen M. Dunker, ARM Amy L. Ewell Peter J. FitzGerald, Jr., CPM Joseph M. Gagliardi, Jr., CPM GNP Management Group LLC, AMO William J. Greenough, CPM Jeffrey E. Dunston James C. Ewing, CPM Flake & Kelley Commercial, Inc., Janet A. Gallahan, ARM Arthur R. Godbout Jr., CPM John ‘Jack’ Gregoire, CPM Caroline Dupio, ARM Executive Group Property AMO Brenda Gammie Mark A. Goldberg, CPM Charles E. Grelier, Jr., CPM Nancy Duval, CPM Management, Inc., AMO Constantin Flesaru, CPM, ARM Margaret L. Gangloff, CPM Michael W. Goldberg Greystar Management Service, AMO Anne Elizabeth Dwyer, ARM Kevin J. Fachetti, CPM Alicia L. Flores, ARM Christina Marie Garcia, ARM Robert A. Goldberg, CPM Jennifer A. Griffin William H. Dwyer, CPM, ARM Gail M. Fair, CPM Jeffery A. Florey, CPM Jessica Garcia, ARM Adam Jeffrey Goldfarb, CPM Denna A. Griffis, CPM, ARM Patti S. Dyess Fairfield Property Management, AMO Graciela Florimon Fermin Garcia Michael S. Goldfarb, CPM William A. Grillo, CPM Patricia A. Dykstra, CPM James Jason Falcetta, CPM, ACoM Richard M. Flusche Terry S. Gardner, CPM Jonathan Goldman Amy M. Groff, CPM Jeffrey Wayne Eales, CPM Nelson Falcon, ARM Kerry Lee Flynn Justin J. Gargiulo, CPM Michael S. Goldner, CPM Mindy Gronbeck, CPM Tanya D. East Brandon Adam Fanelli, ARM Kevin T. Flynn, CPM Wayne Garland, Jr., CPM Jeffrey Alan Goldshine, CPM Sharrie L Gronewold, CPM Abby L. Easterday, ARM Holly S. Fantozzi Susan F. Folckemer, CPM Michael W. Garner, CPM Jodi S. Goldstein, CPM Shawna E. Gross, CPM Monica Dianne Eastridge Farbman Management Group of Kenneth W. Fong, CPM Matthew Garrard Laura M. Goldstein, CPM Heather L. Guichet, ACoM Sylvia Echazarreta Michigan, AMO Amanda M. Fontana, ARM Ann S. Garris, CPM Debbie A. Gong, CPM Linda M. Guinn, CPM David B. Edelman, CPM Frank J. Farella, Jr., CPM William L. Foreman, CPM, ARM Adam Garrow Yessica G. Gonzales, ARM Jeffrey H. Gumenick Edgewood Management Corp., Joseph E. Farinelli, CPM Patricia E. Forrest, CPM Joel S. Garson, CPM Ricardo Gonzalez Tina M. Gustafson. CPM AMO David N. Farmer, CPM David W. Forster, CPM Julie B. Gasaway, CPM Linda N. Good, CPM Michelle Gutierrez-Whitford William S. Edwards, CPM Patrick G. Faulds, CPM Benjamin R. Forsyth, CPM Frank P. Gatski, CPM Kenneth Goodacre, CPM Gerald J. Haak. CPM Philip K. Ehrlich, CPM Dennis Fay W. A. Fotsch, CPM Kimberly Sue Gauss Neil B. Goodhue, CPM Sandra B. Haas Mohammad Ehsan, CPM, CCIM Federal Management Co., Inc., Ralph S. Foulger, CPM Ana M. Gavin, CPM Bruce K. Goodman, CPM Susan Hackett Ryan Mikal Eisenbraun, CPM AMO Louis G. Fournier, III, CPM Edna Zinsmeister Geckler Emily Christine Goodman, CPM, Brenda Kay Haden, ARM Elizabeth Ann Ekre, CPM Richard J. Feeley, CPM Matthew J. Fox, ARM Linda Smith Geiss ARM IREM FOUNDATION 17 2012 ANNUAL REPORT BRONZE LEVEL Enis L. Hartz, CPM Paul D. Hiett, CPM April Thomas Hudson Marie E. Johnson, ARM Kay-Kay Realty Corp., AMO CONTRIBUTORS Bruce S. Harvey, CPM Joan I. Hilbers, CPM W. Alan Huffman, CPM Melissa L.C. Johnson, ARM Kawika A. Keala, ARM continued David Harvey Andrea Carol Hilgren Veronica Louise Huling Michael E. Johnson, CPM Maj-Lene P. Keech, CPM, ARM Zahra D. Hassan Mark C. Hill Dianne Hunt, CPM Peter G. Johnson, CPM Gabrielle Dianne Keel, CPM Kisino Hadley, ARM Stacie R. Hatch, CPM Michelle Hill Ann M Huseby, ARM Shelton W. Johnson, III, CPM Laura A. Keenan, CPM Christi Hahn Karen Georgette Hatcher Nona L. Hipp John M. Huston, CPM Stanley C. Johnson, CPM James P. Keene Lindsey Hahn Elizabeth R Hatfield, ARM Kevin R. Hisaw, ARM Richard Hymel, CPM Thomas F. Johnson, CPM Kimberly Dian Keener, CPM Cynthia Anne Haines, CPM Thomas S. Hatz, II, CPM Charles David Hoats, CPM Kimberly K. Ihle, CPM Traci S. Johnson, ARM Lynn T. Kelleher, CPM Susan Renee Haines, ARM Karen A. Haughney, CPM Ben J. Hocke James E. Illies, CPM Wade G Johnson, Jr. Jacqueline Kelley Larry L. Haith, CPM Hawaiiana Management Company, Loretta A. Hocker, CPM James H. Illies, CPM Jay S. Johnston, CPM Valerie J. Kelley, CPM Constance M. Hale, CPM Ltd., AMO Evelyn L. Hodge, ARM Jackie Impellitier Robert L. Johnston, CPM Misty Lynn Kelly, CPM Teresa Burkett Hall, CPM E. Preston Hawkins, Sr., CPM Kurt L. Hoeferle, ARM John S. Inman, CPM Brenda Lee Jones Frederick Dewayne Kelly Merle Hall James P. Hayden, CPM, ARM Leigh D. Hoffman, CPM Mark Earnest Inman, CPM David L. Jones, CPM John J. Kelly, CPM Edwin C. Halle, CPM Cathleen Hayes Lisa C. Hoffman, CPM Interservice Group, Inc., AMO David M. Jones, CPM Rebecca Noel Kelly Kenton D. Hamaker, Jr., CPM Cassandra Faye Haynes Lisa Ann Holbrook Investec Management Corp., AMO Douglas A. Jones, CPM G. Marshall Kemp Cassandra Yvette Hambrick, ARM Denise E. Headley, CPM Deborah Elizabeth Holcombe Susan Kay Ipsarides Edgar C. Jones, CPM Maria Kempski Kathy Hamby Haley M. Headrick, ARM Robert P. Hold, CPM IREM Kansas City Chapter No. 15 Janice S. Jones Steven R. Kennedy, CPM James L. Hamernick, CPM Bradley J. Heath, CPM Michelle Marie Holden, ARM IREM Northern Colorado Chapter Jennifer M. Jones, CPM Philip Kenney Dorothy L. Hamilton Jessica Nicole Heerdink, ARM Christopher M. Holden, CPM No. 17 John Jones John P. Kent, CPM Allison De’Ann Hamrick, ARM Ellen E. Hegarty Cynthia F. Holland, CPM IREM West Michigan Chapter No. 62 Richard H. Jones, CPM Jennifer R. Kenworthy, CPM John H. Hanan, CPM Bruce E. Heisler, CPM Barbara L. Holland, CPM IREM Western North Carolina Robert Jones, CPM, ARM Michael Glen Kermisch, CPM Braemon M. Hanes Carol E Hemmer, ARM Kristal Ray Hollyday Chapter No. 40 Victoria M. Jones, CPM James M. Kernan, CPM Lisa Ann Haney, CPM Ann Marie Henderson, CPM Bret Stephen Holmes Isabella Iyasere, CPM, ARM Yvonne A. Jones, CPM Heyward Haskell Kibler Jennifer D. Haney, CPM Kenneth R. Hendricks, CPM Kimberly Holmes Keith Smith Jackson, CPM Burt Jordan James S. Kiening, CPM Roy L .Hanlin, CPM Tammy Gorr Hendrix, CPM Michael Holmquist linda LaRae Jackson, CPM Sloan S. Jordan, CPM Thomas W. Kienzle, Jr., CPM Stacey A. Hansen, CPM Stuart C. Hendry, CPM David M. Hopf, CPM Tiffany Lynn Jackson, CPM Sherry K. Jordan, CPM Lynn M. Kiley, CPM Craig David Hanson, CPM Kurt Eric Hense, ARM Horizon Investment & Management Gerald P. Jacob, CPM David Joslin Kerri Ann Kilgore Nancy Neal Hanson, CPM Thomas O. Hensley, CPM Corp., AMO James Jacobson Kathleen A. Joyce, CPM, ARM Mary Wright Killough, ARM Willie E. Harden, CPM John Eric Hensley, ARM Horizon Realty Management, Inc., Richard B. Jaffe, CPM Joy R. Jugovic, CPM Edward Y. Kim, CPM Greggory R. Hardy Heritage Properties, Inc., AMO AMO Joy C. Jagiello, ARM, CPM Elisabeth L. Jules Jacqueline S. Kim Melissa J. Hardy Matthew R. Hermsen, ARM Kenneth A. Horrom Katrina Marie James Tonya Jean Jumonville, ARM Arnold L. King, CPM C. David Hargrove, CPM Marilyn Josefina Hernandez, ARM Patricia J. Hosch, CPM William T. Jansen, CPM Phyllis Okada Kacher, CPM Cody KirkPatrick Sue D. Harker, CPM Fidel Herrera, ARM Mark Allen Hotzler, CPM Robert M. Jensen, CPM Jack B. Kallison, CPM Kristina Dawn Kirksey, CPM Debbie L. Harms Timothy Wayne Herrin, CPM Rhonda J. House Joan C Jensen, CPM Miles Kamimura, CPM Hal Kissler, CPM Stan J. Harrelson, CPM Johnnie K. Hess, ARM W.B. Dub House Eric R. Jensen Sandra M. Kamrath Bradley D. Kittleson, CPM Richard E. Harren, Jr., CPM Susan L. Hess, CPM Brent L. Howard, CPM Miranda Jernigan CPM, ARM Meridythe Ann Kanaga, CPM Leslie M. Klecatsky, ARM Brunetta Yvonne Harris, CPM David G. Heusinkveld, CPM Carter A. Howard, CPM James H. Jillett, ARM Ann T. Kanz, ARM Cathy Denise Kleve, CPM Masten L. Harris, CPM David W. Hewett, CPM Barbara A. Howe, CPM JMG Realty, Inc., AMO Kaplan Management Co., Inc., AMO Francis E. Klipping, CPM Patricia D. Harris, CPM Larry N. Heywood, CPM Douglas A. Howell, CPM Gregory L. Johnloz, CPM Lindsey Brooke Karam, CPM Cheri Klotz, ARM Rebecca Aaron Harris David L. Heywood, CPM Winifred M. Howells, ARM Janice A. Johns, CPM Zachary David Karam, CPM Sheila K. Knight, ARM Ann M. Harrison-Greenleaf, CPM, Karen D. Hickey, CPM James L. Hubbard, CPM Craig G. Johnson Erik D. Karlson, CPM James McClendon Knight, CPM ARM Bradley J. Hickok, CPM Lou Huber, CPM Jeffrey A. Johnson, ARM Marshall Karr, CPM Robert F. Knight, CPM Mark Harryman John Hiemer Dian E. Huddle, CPM Larry R. Johnson, CPM Samantha D. Kawelo, ARM Tracy Charlene Knupp, CPM IREM FOUNDATION 18 2012 ANNUAL REPORT BRONZE LEVEL Steve T. Lamberti, CPM Myles R. Levin, CPM Loretta Jean Lutz, ACoM Kelly J. Masten, CPM Mesa Detection Agency, Inc. CONTRIBUTORS Shelley Lamoglia, CPM Ian Levine Anna J. Lutz Rosa A. Matos, ARM Jennifer Lynn Mesey, CPM continued John Lamorte Brian Lewis, CPM Karmin Marie Lynch, CPM Amia S. Matthews, ARM Bret Messer, CPM Paul Land Jeffrey D. Lewis, CPM Jason M. Lyon Tricia K. Mattice John Louis Meszoros, Jr., CPM Roger Koch, CPM Landmark Management Group, Ricky Lewis Jerry C. Lyons Martha Maurer W. James Metheny, CPM Fran M. Koch, CPM Inc., AMO P. Michael Libby, CPM Timothy Scott MacDonald Christopher J. Mauth, CPM Metropolitan Properties of America, Leil A. Koch, CPM Jeffry D. Landua, CPM Lucille M. Librizzi, CPM Mark Macek Anna M. Maxey CPM, ARM Inc., AMO John Kocmur David L. Lane, CPM Dan Light, CPM Douglas Hale MacFarland, CPM Julie Elizabeth Maynor, ARM Johanna S. Metz Cindy E. Koehler, CPM Lucien B. Lane, CPM Daniel James Limata, CPM Belenda M. MacFarland, CPM Lindsay McAlhaney James M. Meyer Stephen Lawrence Koen, CPM Melissa K. Lane, CPM Brenda Ray Lindner, CPM Lori C. Mack, ARM Mary McArthur Francis J. Meynard Melissa J. Koenig, CPM Karen C. Lang, ARM Clark F. Lindstrom Jr., CPM Loran B. Macumber, CPM Karrie S. McCampbell, CPM Michele L. Micciche, CPM Elizabeth A. Kohorst, CPM Michael T. Lanning, CPM Helen Hansen Lippitt, CPM Steven C. Macy, CPM Ann M. McCarthy Kenneth H. Michael, CPM Philip Kolatis, ARM Jeffrey Steven Lapin, CPM William Garrison Lisk Jennifer S Maddox, ARM Deborah L. McCarty Michael Management, Inc., AMO Kolatis Enterprises, Inc. Dean Larimer, CPM Mario Lloyde, CPM Magi Realty, Inc., AMO Timm R. McCarty Joseph T. Michelli, CPM Michael A. Kolodny, CPM Larlyn Property Management Ltd., W. Thomas Lock, Jr., CPM John W. Magnuson, CPM Toni L. McClain, CPM Diane Miller Leanna Komoromi AMO Anthony LoConte, CPM Margaret M. Maher, CPM, ARM William E. McClain, CPM Diane Marie Miller, ARM Charlie Ann Koons, CPM David Larsen, CPM Bert O. Loe Beth A. Makowski, CPM Dianna Jean McClung, ARM Richard Miller Marc S. Koronkiewicz, ARM Richard Jacob Larson, ARM David M. Loeb David P. Maling, CPM, ARM Emmett E. McCool, III, CPM Robert J. Miller, Jr., CPM James F. Kosik Mary Kathleen Dubuque Larson, Winter Lofaro Paul Malinowski, CPM June E. McCrory, CPM Vance C. Miller, CPM Celeste Katherine Kotick CPM Lisa K. Loftus, CPM Sidney L. Malkin, CPM Robert Alexander McCullough Phillip A. Mills, CPM David M. Kotin, CPM Latter & Blum Property Martha J. Logan, CPM Manco Abbott, Inc., AMO Mike Mccurry Tammy L. Mills, ARM Thomas R. Kott Management, Inc., AMO Jeffrey M. Logan Daunine Rae Mandarich, CPM Joann L. McDermitt, ARM Debra J. Millwood, CPM Eric Kramer, CPM F. Bruce Lauer, CPM Jillian H. Loh, CPM Chitra Mangra-Drackley, ARM Patricia A McDonald Peggy Benton Miltenberger Patrick M. Kriske, CPM John N. Lauriello, CPM Merrie Catherine Long Joseph Mani Cynthia McGovern Lawrence Minasian Marc A. Krohn, CPM Steven J. Lavelle, CPM Tammy D. Long, CPM Brandi Leanne Manning, CPM Craig J. McGowan, CPM Charles P. Minter, CPM Richard A. Kropa, ARM Tiffany L. Laviolette Stanley D. Longhofer Laura J. Manning, CPM Douglas W. McIntyre, CPM Glenn G. Mitchell, CPM Alla Krylova, CPM Kim Tran Le, CPM Terrence Patrick Loo, CPM Charles Marina, ACoM Arnetta T. McKoy, ARM Lisa Cole Mitchell, CPM Cathy C. Kuebler, CPM Theresa Rachuba Leatherbury, CPM George A. Loomis, CPM Fernando A. Marquez, CPM Maura McLaren Roger S. Mitchell, CPM Faison Shaw Kuester, ARM Julie A. Leddy Anthony Lopes, CPM Rita Marquez, CPM Donald A. McLaughlin, CPM Timeeca Devon Mitchell Anthony W. Kuhns, CPM Richard Cheng Lee, CPM Clarence T. Lopez, CPM Jeffrey L. Marquina, CPM James H. McMullin, CPM Carla M. Mize, CPM John C. Kuta, CPM Regina Lee, ARM Holly Nicole Lopez, CPM Robert G. Martel, ARM Delia Jo McNamara, CPM MLG Management, LLC, AMO Latimer M. Kuykendall, CPM William James Lehan, Jr., CPM Donald N. Love Amy Denise Martin, CPM Joseph F. McPhee, Jr., CPM Anna Belle Kibler Moca Brenten A. Kuznacic, ARM Tyler Leinbach Mona M. Lowe, CPM Tracey L. Martin, ARM Vera C. McPherson, CPM, ARM Moderate Income Management Co., Michael Thomas Kwiatek, ARM Michael C. Lemaire, CPM Charles S. Lowen, CPM Michelle Dorothy Martin, CPM Jill Heather Meals-Herron Inc., AMO Robert D. Lacey, CPM Julie A. Lemke, CPM Tom Lowery Paul S. Martin, CPM Jennifer R. Meaney Donna J. Mogul, CPM Joshua H. Lack, CPM James M. Lennox, CPM Magdalena Lozano Kriste M. Martinez MEB Management Services, AMO Richard Molfese Rebecca L. LaCombe, ARM Robert J. Lentz Katie Erin Lujan, ARM Maribel Martinez Norma D. Meekins, ARM Mary E. Molloy, CPM Dr. Michael LaCour-Little Patrice Leonard, CPM Elizabeth Lawton Luken, CPM Todd A. Marxen, CPM Rebecca Mendonca, ARM Debra Christine Monahan, ARM Veronica R. Lacy, CPM Joseph J. Leone, CPM Tan Tek Lum, CPM Laura A. Masapollo, ACoM Gretchen Lera Mensch, CPM Michael J. Monahan, CPM Michael C. Lady William F. Leseman, CPM Gretchen Beth Lundberg Robert Mascaro, CPM Ronald E. Meredith, CPM Marianne Monarca Marcie Epperson Lake, CPM Gaelyn Lesher, CPM Gary Scott Lundemo, CPM Stephen R Masom, CPM, ARM Meridian Management Corporation, Gail A. Moncla, CPM Rosanna C. Lakeman, CPM Kimberley Levesque, ARM Albert Lurrain John E. Mason, CPM AMO Anna Maria Montano, ARM Mark T. Lambert, CPM Nathan J. Levin, CPM David Dando Lutes, CPM Eric L. Mason, ARM Darren G. Merritt, CPM Darlene Montgomery, ARM IREM FOUNDATION 19 2012 ANNUAL REPORT BRONZE LEVEL Russell L. Munz Sarah Catherine Norris, CPM Nichole Palmer Kellie S. Peterson, ARM Robert G. Prendergast, CPM CONTRIBUTORS Susan L. Murphy, ARM Norris, Beggs & Simpson, AMO Elizabeth Palmer, CPM Russell J. Petralia, CPM Maria K. Pressley, CPM continued Kathleen A. Murphy, CPM Northstar Property Management, Inc. Pan American Properties, Inc., AMO George P. Petrie, CPM Ronald E. Price, CPM Jack H. Murray, CPM Randy Craig Norton George Papadogiannis Jo Ann D. Petrie, CPM, ARM Grady C. Pridgen, III, CPM Nola Lee Montgomery Karen J. Murray, ARM Rodney Miles Norton Jackie Pardew Gary Petsche, CPM Rene Prieto Lindholm, ARM Cheryl Ann Moore, CPM Kimberly Elaine Murray, CPM Ryan Richard Nothnagel Kristin L. Parker Karen L. Pharr, CPM Donna W. Prinz Lynn Ann Moore, CPM George C. Myers ,Jr., CPM Paul E. Novales, ARM John Jay Parmelee, Jr., CPM Deborah R. Phillips, CPM Brenda J. Pritchard, CPM M. Kristine Moore, CPM Timothy E. Nachazel, CPM John H. Nunn, CPM Victoria R. Parmentier, CPM John A. Phillips, CPM Ryan Warren Prock Patricia Riddle Moore Winnie Nafti, ARM Cheryl Nussman, ARM Lauren Dianne Paton, CPM Lori Michelle Phillips Francis Bo C. Proctor, Jr., CPM Roy G. Moore Jr., CPM Nicholas Nagy, III, CPM Nutter & Associates, Inc., AMO Alan C. Patterson Terry L. Phillips, CPM Griselda P. Prokasky, ARM Carmen Rosa Morales, ARM NAIWM Property Management LLC Karen Nylen-Swidergal ,ARM James V. Paul Charles Phipps Promex Midwest Corp., AMO Rosa Estela Morales, ARM a division of NAI West Michigan, Adam R. Nyman Kenneth M. Paul Phoenix Management Corp., AMO Daniel Evan Purcell, CPM J. Steve Morgan, CPM AMO George M. Nyman, CPM Paul Davis Restoration of New Thomas Picagli Stacy L. Purdy, CPM Jill M. Morgan Michele Dawn Nathaniels Carrick J. O’Brien, ARM Mexico, Inc. Joseph G. Piccini, CPM Michael Jason Pynn Mark L. Morgan, CPM Lori Navarro, ARM James P. O’Brien, ARM Randall M. Paulson, CPM Michael D. Pierce, CPM Quantum Real Estate Management Nelson L. Morgan, III, CPM Lindsey Naylor Jeanmarie O’Brien, CPM Randall H. Pavlock, CPM R. Wayne Pierce, CPM LLC, AMO Ouzana A. Morgan, CPM G. Gladys Neal, ARM Anne E. O’Connell, CPM Shelly Peaden Russell John Pierce, CPM Daniel Queen, Jr., CPM Lorna J. Moritz, CPM Leslie H. Neely, Jr., CPM James Joseph O’Connell, CPM Katherine Ann Pearce, CPM Bill D. Pietri, CPM Edward Quick Dennie R. Morr, CPM Mary Ann H. Nelson, CPM Michael J. Ogden, CPM Darline M. Pearson Teri L. Pike, CPM, ARM Reese B. Quick, CPM Marie L. Morreale, ARM Daphne Shelia Nelson, ARM Michael Joseph O’Hara Cathy Ann Peate Jason C. Pina R Y Management Co., Inc., AMO Paula Michelle Morris Colleen R Nemeth, CPM Alfred O. Ojejinmi, CPM Stuart E. Pechner, CPM Gregory Sean Pineda, CPM Andrew J. Rafii Donnamarie Morrison Pam M. Nesbitt-Reau, CPM, ARM Cynthia J. O’Leary, ARM Paolo A. Pedrazzoli, CPM Gregory C. Pinkard, CPM Thomas Ragauskis, CPM Justin Matthew Morrison, CPM Joy Neuenschwander Michael Oliveira Denise N. Peel James M. Piro Rosalind Renee Rainge, CPM Marcus Morrison New World Group, LLC, AMO Rose M. Olson, ARM Ned Pelinkaj Tammy Plummer, ARM Rodolfo Ramirez Melanie M. Morrison, CPM Edward M. Newman, CPM Melissa Marie O’Malley, ARM Gregory F. Pellathy Rebecca Joan Poeder Kathleen G. Ramlow, CPM Suzanne L. Morrison Cheryl A. Nichols, ARM Vicki Lynn O’Malley, CPM Kevin Mark Penkert, CPM, ARM Polinger Shannon & Luchs Co., AMO James W. Ramsey, CPM Ellen C. Morton, CPM Jennifer A. Nichols, CPM Martin J. Onzik, ARM Dwight R. Penn, CPM Laura E. Polk, CPM Patricia A. Ramsey, CPM Barbara Moser, CPM Tonya M. Nickerson, ARM Lucy C. Oquendo, ARM Paul E. Pennington Loretta Pollack, CPM Kelly Jo Ramstad Shawna Moss Denise K. Nicolarsen, ARM George N. Ortega, Jr., CPM Pamela A. Penor, ARM James O. Ponder, Jr., CPM Safulla Rana Antoinette Marie Moton, ARM Isabel Cruz Nicolau, ARM Adetayo B. Oshadiya, CPM Jacqueline Denise Peoples, ARM Eileen M. Pope, CPM Blaine L. Rappe, CPM Wilfredo Motta Philip Xavier Nieman, ARM Susan O. Ottenweller, CPM Martha Ann Peoples, CPM, ARM Teresa L. Popescu, ARM Edwin B. Raskin, CPM Amy J. Mowery Melissa Mae Nieves Jill M. Ouellette, CPM Donald L. Pereira, ARM Terri Lynn Porsberg, CPM Ronald R. Rauber, CPM Gerald R. Moyer, CPM Tobey Yoshi Nii, ARM James Austin Overton Beverly Perina Douglas Potter Steven Michael Rea, CPM Luther C. Moyer, CPM Andrey S. Nikolaev Maria Elizabeth Oviedo, ARM Glen W. Perkins, CPM Michael C. Potts, CPM Nancy S. Redden, CPM Michael Mrozek, CPM Aleksandra Nikolaeva F. Walter Owen, CPM Carolyn Perrigo, CPM O. Gene Powell, CPM Shannon Redden, ARM William Alan Mudd, ACoM Cynthia R. Niles, CPM Debra K. Owings, CPM Kellie J. Perry, CPM Kristine Powell, ARM K. C. Redmond, CPM Douglas E. Mueller, CPM William O. Noack, CPM Mary L. Pacini, CPM Ronald C. Perry Donna A. Power, CPM Donniella M. Reed, ARM Michelle Mulder Paul K. Noetzel, CPM Michael Earl Packard, CPM Barry Pessin Daniel L. Powers, CPM Laurie Michelle Reed, CPM, ARM John A. Mullally Nancy L. Noles, CPM Mary L. Padgett Michael Pestronk Liselotte Lilo Pozzi Michael (Christopher) Reed, CPM Christine Susanne Muller Tracey V. Nollie, ARM Michael Allan Paeske, CPM Bonita Marie Peters, ARM Kirk Preiss, ARM Courtney Reeves, ARM Debra Lynne Mullins, ARM Dennis J. Noneman, CPM Julius S. Paeske Jr., CPM Kristina D. Petersen, CPM Debbie K. Prejeant, CPM Trevor J. Reid D. Roxie Munn, CPM Robert Winder Nordblom, CPM John Pagliassoti Cindy C. Peterson, ARM Premier Properties of Nevada, Inc. Lola Reinsch, CPM Anthony W. Munsterman, CPM Connie Jo Norris Bridgette M. Paiva Jessica Dawn Peterson, CPM dba Remax Premier Properties, AMO Henry Michael Renaud, Esq. IREM FOUNDATION 20 2012 ANNUAL REPORT BRONZE LEVEL Jim L. Roman Timothy J. Schluchter, CPM Susan Ann Sherman, CPM Gloria J. Speed, ARM Kareen Krystal Street, ARM CONTRIBUTORS Janet B. Root, CPM William Ator Schmadeke Veronica Shirkevich Mary F. Spence, ARM William Kenneth Streiff continued Matt D. Rose Karrie Drew Schmid Rowe Shockley, CPM William C. Spencer, CPM Danny J. Stuber, CPM Aaron D. Ross Renee L. Schmid, CPM Robert D. Shreve, CPM Matthew Lewis Spenhoff, CPM Pamela Stulken Jeanne P. Renda, CPM James A. Rosten, CPM Tammy Schmidt, CPM, ARM Leslie A. Shurmur, CPM Stanley T. Stachowicz, Jr., CPM Sudler, AMO Gene Rerat Michael J. Rotenberg, CPM James Schrader Tina Maria Shute Karin Staddon Billi Jo Suiter, ARM Joseph A. Rescsanski, CPM Amy R. Rowe Melanie A. Schreiber, CPM George Siddons, CPM Karman G. Stahl, CPM Ann B. Sullivan, CPM, ARM Lynda Leigh Restovich, ARM Dorthey A. (Dottie) Rowe-Haworth, Irma M. Schretter, CPM Sandi M. Siedel, CPM Gregory Joel Stancill, CPM Jamie Lisa Sullivan, ARM Mike E. Reyna CPM Beverly Brown Schuberth, CPM Andrea W. Simmons, ARM Standard Enterprises, Inc., AMO Mona K. Sullivan, CPM Patrick L. Reynolds RPM Management Co., Inc., AMO Andrea Schultz Sharon Lea Simmons, CPM David Stapleton, CPM Donna E. Summers, CPM Joseph M. Rhoades, ARM Bruce Rubinger David N. Schultz, CPM Christopher Cole Simms, CPM Courtney Renee Stark, ARM Matthew D. Summers, CPM Alan Jude Rholdon, CPM Lisa A. Rucks Ken Schultz Gregory S. Simms Richard W. Stayner, CPM Nikki Summers Edna L. Richards, ARM Robinn Rudd, CPM Rodney L. Schultz, CPM Michael J. Simms STC Management, AMO Fred G. Summs, III, CPM David M. Richardson, CPM Adrian John Runyan Michael Skip Schuman, CPM Franklin Simon, CPM Renata E. Stec, CPM Judith Anne Surbuts, CPM Janet G. Richardson, ARM George B. Rush, Sr., CPM Peter A. Schutz, CPM Hinda Simon-Snyder, CPM, ARM Ashton Tyler Steele, CPM Jaclyn Marie Swanson, CPM Tracey Ann Ricker, CPM Jerome H. Russell, CPM Kristen R. Schwartz, CPM Angela L. Sims Nicole Steigerwald Carol J. Swanson, CPM Elizabeth Teri Riddick James Mark Rutledge, CPM Kimberly Ann Schwarz, CPM Istvan Taneno Sipos, ARM Edward J. Steinhardt, CPM William Patterson Swantner Charles Robert Ridgway, IV Ryan Properties, Inc., AMO David N. Schwendeman, CPM Justin R. Sisco Daniel P. Stellato, CPM Susan I. Sweet, CPM John W. Ridgway, CPM Daniel A. Sablosky, ARM Sean C. Sciurba, CPM Kimberly M. Sisney, CPM Theresa Yvonne Stelmach, ARM Eileen A. Swenson, CPM Leonard Riggs, ARM Nancy Reno Sadloski, CPM Audrey Gail Scott, ARM Douglas N. Skelly, CPM Brian R. Stenberg, CPM Lewis V. Swezy Claire Bernadette Rimler, ARM Lisa Kierstan Sall, CPM Diane L. Scott, ARM Rhiannon Christine Skinner, ARM Ruth Stephens, CPM Shellie Sylla Robert A. Ring, CPM Rodney Joseph Saloricman Jr., ARM Gail Lynn Scott, CPM Paul D. Small, CPM William Edward Sterling, CPM Susan L. Symington, CPM Steven M. Ring, CPM Dena R. Saltzman, ARM Jane M. Scott, CPM Gregory T. Smart, CPM Demi M. Sterling-Kinney Mark F. Taggart, CPM Mary A. Ringis, CPM Bradley Salzer Christopher E. Scroggin, CPM Accella A. Smith Douglas M. Sterner, CPM Tailor Made Property Services, Patty S. Risser, CPM Monica J. Sams, CPM James C. Seal, CPM Barbara Jane Smith, ARM Ty R. Stetzenmeyer, CPM Inc., AMO Claudine Risso, ARM Stacy Joanne Sanborn, ARM Lee B. Seigel, CPM, ARM Barry A. Smith, CPM Jerome E. Steuart, CPM Trevor I. Takamori Joe Riviere, CPM Robert Ancona Sanchez, ARM Select Properties, Ltd., Realty, AMO Betty M. Smith, CPM Janet L. Stevens, CPM Oliver A. Talmage, CPM Beverly A. Roachell, CPM Viola I. Sanchez, CPM Kristen Ann Sellentin Larry Smith, ARM Marcia M. Stevens, ARM Catherine Tamaro Jane M. Robbins, ARM Mark K. Sanders, CPM Ronald Matthew Serpa LaTonya Marie Smith, ARM F. Chris Stewart Daniel Gark Bin Tan Don A. Roberts, CPM Teresa Sandman, CPM Service Master Performance Suzette M. Smith, ARM Judith Mary Stewart, CPM, ARM Leonard S. Tang, ARM Matthew J. Roberts, CPM Robert J. Sasaki Philip Matthew Shafer, CPM Wanda F. Snead, ARM Torri R. Stewart, ARM Anthony J. Tarantino, CPM Susan Ann Roberts, CPM Robin S. Saulnier, CPM Jeanne E. Sharkey, CPM Janie H. Snider, CPM William J. Stillwell Tarantino Properties, Inc., AMO Martin Robison Renee M. Savage, CPM John E. Sharkey, CPM Marc Solomon, CPM Richard D. Stilovich, CPM Jerry Tate, CPM Jim M. Rock CPM Wayne R. Savage, CPM Delores E. Sharpe, CPM, ARM William M. Soniat, CPM Gregory Vincent Stobart, CPM Rebecca Lynn Tatsch, CPM Dianne J. Rockhill, ARM Steven J. Savoca, CPM Mary A. Sharrigan, CPM Mitchell Bradford Sorenson Michael J. Stoebe, CPM Lisa T. Taylor, CPM Jaime J. Rodriguez Robert F. Sawyer, CPM Christine M. Shaw Southpace Management, Inc., AMO Jodi M. Stoltz Ryan Taylor Joel Brian Rodstein, CPM S-C Management Corp. AMO Lindsay Ellen Shaw, ACoM Jennifer L. Southworth, ARM Amanda Lucille Stone, CPM Joi Taylor Steven L. Rodstein, CPM Donna R. Scandariato Thomas E. Sheaff, CPM Cynthia Soutullo Amy C. Stone, ARM Douglas Augusta Taylor, Jr. James E. Rogers, CPM Matt R. Scaparro Jolene (Jodi) Ann Sheahan, CPM Camille A. Sowa, ARM John M. Stone, CPM Heather D. Taylor, ACoM Emily K. Rohde, CPM Allison Schafferman Jennifer Dorothy Shepard, ARM Sparkle Maintenance, Inc. Randall S. Stone, ARM Ann M. Taylor, CPM Audrey June Rohrbach Gloria J. Schermerhorn, CPM Keith Alan Shepelwich Wendy Sue Spaulding-Foster, ARM Janice Storey, CPM Michael A. Taylor, CPM Joanne O. Rojo, CPM Herbert M. Scheuer, Jr., CPM Patricia Lynn Sherman, CPM Herbert I. Spear, Jr. Stout Management Co., AMO Sheila J. Teabo, CPM Bill D. Roland, CPM Mark A. Schilling, CPM Robert M. Sherman, III, CPM Debra A. Spears, CPM Charlotte B. Strain, CPM Julie Tejeda, CPM IREM FOUNDATION 21 2012 ANNUAL REPORT BRONZE LEVEL Karlynne Tucker-Scaggs, CPM Shun Wakita Sarah Werzinger, ARM Diane Wink ANNUAL CONTRIBUTORS CONTRIBUTORS Kari Lynne Turbeville Laura J. Waldrop, CPM Deborah Weseloh, CPM Cheryl L. Winkelmann $99 AND BELOW continued Jana L. Turner, CPM Janice J. Walker, CPM DeeDee J. West Colette M. Winnard, CPM Nikki Affinito David W. Turrentine, CPM Gillian L. Walker Westlake Realty Group, Inc., AMO Eileen D. Wirth, CPM Michael A. Teresi William Aiken Melissa Ann Tutko Tyson William Walker, ACoM Lisa G. Westmoreland Ellen Adele Wiss Jolene Terry-Phinney, CPM Brandy Luanne Alcorn, CPM Kimberlee K. Tyacke Emily Hunt Walker Deborah Deraney Westphal, CPM, Amy J. Witten TGM Associates L.P., AMO Cammie A. Allie, CPM, ARM Brandi M. Tyler, CPM Lisa Marie Walker, CPM ARM Scott Wolf Robert L. Thacker, Jr., ARM Shannon E. Alter, CPM Wayne C. Tyler, CPM Bliss Wallace, ARM William (Bill) Moore Wetter, CPM Patrick Wolfgang, ARM Thayer & Associates, Inc., AMO Sahar S. Al-Turk, CPM Ben J. Tyner, CPM Thomas E. Wallace, Jr., CPM Andy D. Weyrauch Laura D. Wolfson, ARM The Donohoe Companies, Inc., AMO John J. Amos, CPM U.L. Coleman Properties, LLC, AMO Crystal Taylor Waller, CPM Jean Wheeler, CPM Edward I. Wolochin, CPM The Helm Management Co., AMO Exbar E. Arias, CPM G. Earle Underwood, CPM Daniel L. Ward, CPM Nancy S. Whelan, CPM Edward C. Wong Rhonda J. Thomas, CPM Brad J. Ashley, CPM United Realty Management Karen E. Ward, CPM Annette Marie Whicker, ARM Maggy Wood, ARM Tiffani Jo Thomas, CPM Maria Baker-Beardslee, ARM Corporation, AMO Kim Weddington Wardle, CPM Tracy L. White, CPM Woodmont Real Estate Services, Janine Thomas Sarah P. Barbour, ARM Darrel L. Unsinn, CPM, ARM Ananesia McCormick Ware Paul L. White, CPM AMO James L. Thomas, Jr., CPM Marc Francis Battistone, CPM Thomas C. Updike, CPM Neal T. Warner, CPM William D. White, CPM Monica Lynn Woods, ARM Sheri L. Thomas, CPM Jason E. Batton Jennifer M. Utesch, CPM Debbie Warner, CPM, ARM Craig A. Whitehead, CPM Jennifer L. Wrenn, CPM Wendy C. Thompson, ARM Cheryl Patricia Belle-Deen, CPM, Louis A. Vaccaro, CPM Jessica L. Warrior, CPM William P. Whiteside, CPM WRH Realty Services, Inc., AMO Michelle A. Thrasher, CPM ARM Victor E. Vacek, Jr., CPM Deborah Eileen Washington, ARM Lee A. Whitman, CPM Kenneth F. Wright, Jr., CPM Kenneth R. Thurston, CPM John A. Bergman, CPM Claire M. Valainis, ARM Richard F. Wasilik, CPM Karen J. Whitt, CPM Eleanor Lynn Wu, ARM Brenda Darlene Tietze, CPM Solomon L. Bickersteth, CPM, Leo Alberto Valenzuela, ARM John F. Watanabe, ARM Keith L. Whittington, CPM Amy H. Wukotich Lori A. Tillis, CPM Bluestone & Hockley Real Estate Edward R. Valerio, CPM Stephen Watchorn, CPM Benjamin L. Wickham, CPM Elizabeth M. Wytas, CPM Nita M. Tilmon, ARM Services, AMO Jami E. Vallelonga, CPM Amber Lee Waters, ARM Sue A. Widner Ellen K. Wyviorka, CPM David M. Tisdale, CPM Matthew J. Bogdovitz, CPM Van Metre Management Co., AMO Jeannette Ingle Waters CPM Stephanie Denise Wiggins Travis Edward Yates, CPM Andrew S. Titche, CPM Teika Larae Booze, CPM, ACoM Kristen Vance Wendi A. Waters, ARM Wilnette Byrd Wiley, CPM Jennifer Yeagley Teresa Joy Toma, CPM Katherine D Boyer, ARM Donald G. Vardell, CPM Jeanette C. Watkins, ARM Nichole C Wiley Susan J. Yee, ARM Michael E. Tompkins, CPM Holly Bradford, CPM Shari C. Vass, CPM Thomas Edward Watson, CPM Brad M Wilkerson, ARM Wendell F. Yee, CPM Bryson C. Toothaker Brenda Gail Brantley, ARM Tatyana Vassilyeva, ARM Terry W. Watson Susan F. Wilkinson, CPM Sydney C. Yelle Kerri K. Toth, CPM Don W. Brenon, Jr., CPM Victor M. Vazquez Lydia H. Watson, CPM Gene Willette Duangrudee Dee Yooprangthong, Amber E. Totton, ARM Maleta J. Brown, CPM Jon R. Veard, CPM Watts Realty Co., Inc., AMO Sharon L. Williams, CPM ARM Penny Tourangeau-Hukvari, CPM Susan Michelle Brown, CPM, ARM Eric M. Veard, CPM Elizabeth McKenzie Waugh, ARM George Wallace Williams, CPM G. Smedes York, CPM Charles P. Tozzi, CPM David Cannon Bryant, CPM Richard T. Veith, CPM Chris Wayne Barry Paul Williams, CPM, ARM York Properties, Inc. of Raleigh, Alyce Palmer Tracey, CPM onald E. Buchanan, CPM Roman Baltazar Velasquez Terrell L. Weatherl, CPM Melissa Hope Williams, ARM AMO Melton E. Trachta, CPM Annette D. Buhr, CPM Rosina Vento, CPM Andrea Lynn Weaver John R. Williams David C. Young, CPM Justin Tran, ARM Stephanie A. Burg-Brown, CPM Faye M. Vitale, CPM Deborah Rose Webre, CPM Sharon Y. Williams, CPM Charles Robert Young Transwestern Commercial Services, Carol Bush, CPM Cristina Rodica Vlasie, ARM Alan G. Weckerly, CPM Charlotte Ann Williams, CPM Joseph L. Yousem LLC, AMO Eric C. Bushner, CPM Gwen Volk, CPM Marilyn A Weinberger Edward E. Williams Ryan P. Yurcich, CPM Travis Commercial Real Estate, AMO Mary Butler Summy, CPM Volunteers of America Michigan, David C. Weinstein, CPM William W. Willingham, III, CPM Ena M. Zagami, ARM Joseph Traynor Laura A. Cantrell, CPM AMO Gregory J. Weirich, CPM Richard Neal Wilson, CPM Sonia Angela Zamora, CPM TriBridge Residential, LLC, AMO Larry Scott Capell, CPM Vince Vonada Eric Weisenstein, CPM James H. Wilson, CPM Peter Zaslowe, CPM Olga Trimmer, ARM Sandra Lynn Carlson-Edwards, Scott Vyskocil, CPM Rosemary Wellington, CPM, ARM Pamela R. Wilson Edward Zehfuss, CPM Mark Christopher Trueblood, CPM CPM, CLO W.P.J. McCarthy & Co., Ltd., AMO Sharen A. Welsh, ARM Jay Windsor, CPM Sandra Zendell, ARM Andreas Tsangarides Beth Anne Carozza Tina M. Waggoner Robin A. Wenzel, CPM Sandra B. Winfrey, ARM Lawana J. Zink, ARM Connie Ann Tucci, ARM Connie H. Carpenter, CPM Russell L. Wahl, CPM Rosemarie Wert, CPM Jeffrey J. Wingert Brandy Rebecca Zirkle, ARM IREM FOUNDATION 22 2012 ANNUAL REPORT ANNUAL CONTRIBUTORS Edward Fisher, ARM Ronald C. Kaleta CPM Metro Commercial Properties, AMO Abigail Joy Rex, ARM Kathleen E. Vandegaer, CPM, ARM continued Flaherty & Collins Properties, AMO Gregory Scott Karp, CPM Elisabeth K. Miller, CPM Randolph N. Reynolds, Jr. Brian J. Wade, CPM Martin Vincent Flanigan, CPM Deborah Elizabeth Kast, ARM Rebecca J. Miller, CPM Bridgette T. Rodgers, ARM Sandra Enid Walden, CPM Dawn M. Carpenter, CPM Jessica Lee Folmer, CPM, ACOM Kim Grooms Keaton Beth Ellyn Mills, CPM Judy L. Rose, CPM Elizabeth G. Walker, CPM Michael J. Carr, CPM Richard H. Forsyth, CPM Arthur V. Keller, CPM Harry Barlow Milner Cathy E. Sanchez, ARM John A. Warthman, CPM Cole J. Cassidy David J. Fortune, CPM Sara Allison Kennedy, CPM Sondi S. Mitchell Alison W. Sansone, CPM Jeffrey Jordan Warwick, CPM Dana Michelle Caudell Edward Foster, Jr. Steven R. Kerens, CPM Clinton T. Montgomery, CPM Stephen Robert Sapsky Stacy J. Waters, CPM, ARM Patricia McAnally Chambers Kassandra Jo Foster, ARM Karen O. Kopas, ARM Gaye W. Morgan, CPM Lawrence N. Sauer, Sr., CPM Brian Edward Watkins, CPM Nader Emil Cheboub, ARM Scott David Francis, CPM Kendall D. Korte Frank T. Moro Lisa Scanapico Matthew T. Watne, CPM Dennis P. Chung, CPM Ronald Fraser, CPM Marvin Scott Koury, CPM, ACOM Timothy Morrell Jennifer Scheil, ARM Dion R. Watton, CPM Frank E. Clynes Lisa G. Garbacz, ARM John S. Krecek, CPM Bonnie D. Moser, CPM Valerie G. Schmidt Jeff N. Weatherspoon, CPM Iris M. Cochlan, CPM Kevin C. Gibbons, CPM Laura A. Krupowicz, CPM Regina Taylor Mullins, CPM Philip M. Schneidau, CPM Kerry Anne Webster-Humphreys, Paul Jay Cohen, Esq. David J. Gibbs, CPM Kristy L. Lamb, CPM, ARM Mark D. Muncus, CPM Brandi J. Schulze, ARM CPM Ryan Louis Comeaux, CPM Wesley Mickel Graham Laura T. Le Katie M. Munoz, ARM Teruo Seki, CPM Kim L. Wells, CPM Phyllis M. Coneset Kirk Alan Green, ARM Candace Margaret Le Roux, CPM, Brenda Mathias Murray, CPM Chuck Valentine Sheldon Brenda P. Wesley, CPM Eileen M. Conn, CPM Sheryl Marie Green ARM Steven M. Nariyoshi John T. Sipes, CPM Adam P. West, ARM Linda J. Correll Sharon E. Haddad, CPM Terri A. Lehnertz, ARM Keith A. Newton, CPM Anthony W. Smith, CPM Holly J. Whitfield-Krieber, CPM Tracey L. Crain, CPM Marivel Hafemeister, CPM Anne C. Lemon CPM, ARM Gene H. Novak, CPM Cherry S. Smith, CPM Anthony D. Williams, CPM Bradley Wayne Cribbins Kathleen M Haggerty Susan Lennon Werner Dale A. Nusbaum, CPM Patrina O. Smith, ARM Arlevia T. Williams, CPM James H. Crimmins, CPM Crystal Dawn Hall, CPM Anthony M. Leonard James B. Nutter, CPM Rochelle Smith Tracy S. Williams, ARM Lee H. Crisler, CPM Robert Hara, CPM Deborah A. Lerner, CPM E.J Ogier, CPM Max Snider Sarah A. Wind, ARM Samuel Cruz Dale K Harder, CPM, ARM Suzanne M. LeValley, CPM, CMOC Alonzo E Orozco, ARM James Wesley Snow, CPM Bradford M. Winston, CPM Colleen Sharon Sahai Cummings Pernell S. Harris, ARM, CPM Katina Lewis Kuniko May Osaki, CPM Dianne Sorenson, CPM Nancy J. Wood Brian T. Davies, CPM Shawn P. Harvey, CPM Kalib James Locke, ARM Lauren Panzer Holly Ann Sparks, CPM Teri L. Worrell-Fahey, CPM Jack Davis Kristine C. Haskins, CPM Kenneth E. Loeppky, CPM Jennifer L. Parsons, CPM Clement Joseph Stein, III, ARM Carlye C. Wosmansky Sharron Dawkins Andrew Joseph Hawes, CPM, ARM Michael J. Long, CPM Penkert Properties Real Estate Scott E. Stevinson, CPM Yasunori (Tiger) Yamamoto, CPM Timothy F. Dimond, CPM Susan P. Heath, CPM Brian Frank Lozell, CPM Management Ronald J. Stone, CPM Carl D. York, CPM Christina Lynn Donahoe, CPM Lita Hernandez Janet S. Luesing, CPM Allison Perry Jeffrey O. Stovall, CPM Cletis D. Young Harry T. Drought, CPM Neal Higgins Walters, CPM Wendy M. Madsen, CPM Sharon Peters Jason F. Stowe, CPM Jim Young Melissa D. Duffy, ARM Thomas O. Hilditch, CPM Peter F. Major Bruce H. Powell, CPM Jeremy Strawn Paul Michael Dumouchel, CPM, Michael J. Hilferty, CPM Barbara F. Maring, ARM Michael J. Prestridge, CPM Ronald R. Suzore, CPM ARM Debra Hill-Fox, CPM, ARM Greg L. Martin, CPM Michelle Lynn Priesner, ARM Grace H. Swierk, CPM TRIBUTE GIFTS Nicholas Alexander Dunlap, CPM Jerome A. Hinden, CPM Jun Matsumoto Robert Howard Pryor, CPM Lauren Diana Sylvest Constance H. Dunn, CPM Richard A. Hitt, CPM Brenda G. Matthews, CPM Margaret Ninde Purcell, ARM Ryuzo Tanaka, CPM In Memory of Richard A. Elliott Harriette A. Howitt, CPM Richard E. Maxey, Jr., CPM Shannon Christine Ramos, CPM, Robert T. Tanaka, CPM Anthony V. Pusateri, CPM William A. Elliott Ryan M. Huffman, CPM Karen C. McCurdy, CPM ARM Todd F. Taylor, CPM Ronald L. Gjerde Charles Edward Ellis, Jr., CPM Lauren B. Hunt, CPM J. Benjamin McGrew, CPM Nylavae Raphael Westlake, CPM Peggy A. Tewey, CPM Carolyn M. Emery-Brunk Steve Hunt Pamela Kay McKechnie, CPM Theodore (Ted) K. Rausch, CPM William Mack Thomas In Memory of Patricia D. Engler, CPM IREM Oregon-Columbia River Brett Everett McKee, CPM Benjamin David Rearick H.J. Tollett, Jr., CPM Jack F. Reed, CPM Cory Even Chapter No. 29 Edward J. McKeegan, III, CPM Diane L. Reece, CPM John E. Toomey, III, CPM Sharon E. Haddad, CPM Claudia Snyder Ferrara, CPM Hiroyuki Ishibashi, CPM Jared T. McKie Georges A. Renaud, CPM FRI(E) Lisa A. Towne, CPM, ARM Mark E. Fetzer Roger S. Ishigami, ARM K. David Meit, CPM, ARM CERPA Donald Gary Triplett, Jr., CPM Kenneth G. Finch, CPM Cynthia Rae McCarson Johnson Cheryl L. Messenger, CPM Duane Rettig, CPM Doreen A. Trongone-Ciezki IREM FOUNDATION 23 2012 ANNUAL REPORT 430 N. Michigan Ave. Chicago, IL 60611-4090

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