2017 ANNUAL REPORT · Progress Together Linda McMahon, The Real Estate Council PRESIDENT & CEO Greg...
Transcript of 2017 ANNUAL REPORT · Progress Together Linda McMahon, The Real Estate Council PRESIDENT & CEO Greg...
2 0 1 7A N N U A L R E P O R T
ProgressTogether
Linda McMahon, The Real Estate Council PRESIDENT & CEO
Greg Kraus, Invesco Real Estate2017 TREC CHAIRMAN
IT IS BOTH HEARTWARMING AND HUMBLING FOR ME TO REFLECT ON ALL THE REAL ESTATE COUNCIL ACCOMPLISHED IN 2017. I am grateful to have led this organization through a year of tremendous change and opportunity, knowing that the progress we made will leave a positive and lasting impact on our city for years to come.
To say that 2017 was a “big year” for The Real Estate Council would be an understatement. Our organization exceeded 2,000 members – with about half comprised of Young Guns – and our educational
programs saw record-breaking attendance. We continued to receive the support of our Legacy Leaders, who during Giving Gala presented a $100,000 grant to Jubilee Park & Community Center for the creation of a program offering South Dallas residents job training in construction and security. TREC Community Fund’s first-ever Shark Tank event yielded $2.1
million toward three projects located within the city’s GrowSouth footprint from a panel of five seasoned commercial real estate investors. TREC Foundation introduced a new fundraising model that led to the creation of the Dallas Catalyst Project, and by year’s end our members voted on the Forest District Revitalization initiative as the recipient for the initial $1 million investment and began scoping out the work needed to bring the project to life.
Those are just some of the highlights. I am perhaps proudest of the fact that all of the successes we enjoyed as an organization last year – successes that have continued into 2018 – could not have been possible without the hard work, dedication and generosity of our members and their companies. In many ways, our work has only just begun, but I am thrilled to see what the future holds and how we’ll continue to Build the City You’ve Imagined.
MY POSITION WITH THE REAL ESTATE COUNCIL GIVES ME IMMENSE JOY because it’s granted me the opportunity to work closely with all of you. You are all amazing individuals whose passion for our community shines in everything you do. We had such a big year in 2017 – and accomplished so much – because of the tireless efforts of our members and leaders.
As chairman, Greg Kraus helped shape TREC’s future amid a year of new and wonderful opportunities. Ran Holman, in his role as TREC Foundation chair, led us through a massive shift in our philanthropic philosophy that led to the creation of Dallas Catalyst Project and our three-year commitment to invest our resources in one neighborhood. The 2017 Associate Leadership Council class exceeded fundraising and project goals at seemingly every turn, renovating the Harmony Community Development Corporation’s food pantry and helping feed countless Dallas residents.
Rod Washington, as chair of TREC Community Fund, supported our growth as we jumped into the deep end of Shark Tank. We had so much fun with Mark Cuban, Dallas Mayor Mike Rawlings, and the five adventurous and committed Sharks who made a major investment in the entrepreneur developers that wanted to GrowSouth with us. Michael Dardick, Craig Hall, Bill Cawley, Frank Mihalopoulos and the GrowSouth Fund’s Tillie Borchers turned an entertaining evening into an opportunity of a lifetime for our three developer finalists.
For the second time in TREC history, a family chaired FightNight. The Billingsley Family did a stellar job and had a lot of fun doing it. The night in Havana was a truly fun evening that helped raise money for our Foundation. We set the sky ablaze with fireworks to Ignite the Night during another big Giving Gala, chaired by Barry Olson of Goldman Sachs. HFF’s Teddy Leatherman chaired an amazing Casino Night as our Young Guns showed their love of our city with their project at the Aberg Center for Literacy.
While it’s true that we know how to throw a party, we also know how to make an impact. Our Public Policy Committee exceeded 100 members who researched and provided recommendations on everything from DART and access to transportation to housing affordability and development improvements. Shawn Todd, our Public Policy chair, led this ever-growing group in our recommendations to make Dallas the best place to do business. Our PAC chairman, Jim Knight, led a contingent to Austin during the State Legislative Session as we made sure our representatives know what economic impact commercial real estate has on the state’s economy.
I would love to list every one of you who has made an imprint on my heart, but there are simply too many of you to name. I am so fortunate to work with a great team of TREC staff and I am more than blessed to work with all of you who not only love this industry but love our region and want to join us to Build the City You’ve Imagined.
To say that 2017 was a “big year” for The Real Estate Council would
be an understatement.Greg Kraus, 2017 TREC CHAIRMAN
You are all amazing individuals whose passion for our community
shines in everything you do.Linda McMahon, TREC PRESIDENT & CEO
2017 Board Members
Chairman Greg Kraus, Invesco Real Estate
Chairman-Elect Ran Holman, Cushman & Wakefield
Treasurer Courtney Naudo, Deloitte.
Secretary Vicky P. Gunning, Locke Lord LLP
ALC Class of 2017 Chair Evan L. Beattie, GFF
ALC Class Representative Tyler Berns, Frank Dale Construction Ltd.
ALC Class of 2018 Chair Rick Perdue, Mill Creek Residential Trust LLC
Leadership Alumni Chair Justin L. Goertz, Marvin F. Poer and Company
FightNight Chair The Billingsley Family
Giving Gala Chair Barry J. Olson, Goldman SachsLeadership Development Chair
Katy Slade, Gables ResidentialMembership Chair
Tom Bakewell, StreetLights Residential
PAC Chair James Knight, Stantec
Program Chair David Evemy, Sarofim Realty Advisors
Public Policy Chair Shawn Todd, Todd Interests
Young Guns Chair Jay Dreiling, Beck Group
Sue Ansel, Gables ResidentialJim Berry, Deloitte.
Diane Butler, Butler AdvisersWill Cureton, CLB Partners
Michael Dardick, Granite PropertiesDavid Deniger, Olympus Real Estate Partners
Tony Dona, Thackeray PartnersRobert Feldman, UCLA School of Law
Mark Gibson, HFFJoe Griffith, JPMorgan
David Gruber, MetroAmerican Developers, LLCChancellor Lee Jackson, University of
North TexasBill Kramer, Republic Title of Texas, Inc.
Holt Lunsford, Holt Lunsford CommercialLinda McMahon, The Real Estate CouncilWill Mundinger II, WM2 Company, LLC
Paul Rowsey, Longbrook CapitalKen Sandstad, The Sandstad Group, LLC
Frank Schubert
John Scovell, Woodbine Development CorporationBill Sechrest
Calhoun, Bhella & Sechrest, LLPJeff Swope, Champion Partners
Ken Townsend, Boulevard BuildersMichele Wheeler, Jackson-Shaw
Todd Williams, Commit!Karl Zavitkovsky
Jim Berry, Deloitte.
Diane Butler, Butler Advisers
Michael Dardick, Granite Properties
Tony Dona, Thackeray Partners
Mark Gibson, HFF
Ran Holman, Cushman & Wakefield
Greg Kraus, Invesco Real Estate
Will Mundinger II, WM2 Company, LLC
Paul Rowsey, Longbrook Capital
Jeff Swope, Champion Partners
Michele Wheeler, Jackson-Shaw
Manny Ybarra, Pillar Commercial
John BartlingJoel Behrens, Trammell Crow Company
Eric Beichler, Mohr PartnersKim Bonfield, KDC
Shane M. Bowen, Bank of America Merrill Lynch
Bill Brokaw, Hillwood UrbanKim Butler, HALL Group
Glenn Callison, Munsch Hardt Kopf & Harr P.C.
David Carroll, JLLDodge Carter, Crow Holdings Capital
Partners L.L.C.John W. Cullins, EY
Jim Curtin, HFFVance Detwiler, Prescott Realty Group
Dan H. Easley, Bank of TexasJeff Erxleben, NorthMarq Capital
Steve Everbach, Colliers InternationalGreg P. Fuller, Granite Properties
Duncan T. Fulton, GFFPaul N. Geyer, PGIM Real Estate Finance
Sam A. Gillespie, Invesco Real EstateGerry Hedgcock, Crow Holdings Capital
Partners, L.L.C.Danny Hertel, KPMG
Sarah Hinkley, Thirty-Four Commercial Inc.
Chris Hipps, CBRETodd C. Howard, th+a Architects, Inc.
Jim Johnson, BMO Harris BankKevin L. Kelley, Gardere Wynne Sewell, LLP
Eric E. Krueger, Balfour Beatty ConstructionDallas Lucas, TIER REIT Inc.
Ramsey March, Stream Realty PartnersFrank Mihalopoulos, Corinth Properties
Kevin W. Murry, Regions BankClark Pulliam, Chicago Title Company/Fidelity
National Financial (FNF)Scott Rohrman, 42 Real Estate LLCAlan Shor, The Retail Connection
Neal D. Sleeper, Cityplace CompanyDrew Steffen, Hines Interests, LP
Kristian Teleki, Matthews SouthwestMichele Wheeler, Jackson-Shaw
Paul Wittorf, Transwestern
Chairman Ran Holman, Cushman & Wakefield
Secretary Vicky P. Gunning, Locke Lord LLP
Assistant Secretary Tobin Swope, Winstead PC
Treasurer Courtney Naudo, Deloitte.
Assistant Treasurer Robin Offutt, Deloitte.
ALC Class of 2017 Chair Evan L. Beattie, GFF
ALC Class of 2018 Chair Rick Perdue, Mill Creek Residential Trust LLC
ALC Class Representative Lauren Goodman, Invesco Real EstateLeadership Alumni Representative
Nathan P. Nash, Steeplechase Ventures, LLCFightNight Chair
The Billingsley Family
Giving Gala Chair Barry J. Olson, Goldman Sachs
Grants Chair Sarah Hipp, Opportunis Advisors
Metrics Chair David A. Owen, Arthur J. Gallagher &
CompanyProfessional Services Chair
Joseph Chu, Thackeray PartnersYoung Guns Vice-Chair
David Eseke, Cushman & WakefieldAllison Austin, ORIX Real Estate AmericasLindsay A. Billingsley, Alliance Residential
CompanyKimberly Byrum, Meyers Research, LLC
Travis C. Ewert, Colliers InternationalMichael Geisler, Venture Commercial Real
Estate, LLCGilbert Gerst, BOK Financial
Patricia L. Gibson, Banner Oak Capital Partners, LP
Nathan Golik, NexCore GroupKim Hogan, StreetLights Residential
Alex John, HKSKim W. Kittle, Bank of Texas
Melissa Labor, Granite PropertiesKris L. Lowe, HFF
Kevin B. Meeks, BB&TWilliam G. Mundinger III, Crow Holdings
IndustrialPatrick Ramsier, LegacyTexas
Mark Roppolo, HFS Capital PartnersNathan Schubert, Crow Holdings Capital
Partners, L.L.C.Courtney Emich Spellicy, Austin Commercial
Deren Wilcox, Alston ConstructionJonathan Wood, GFF
Chairman Rod Washington, Frost Bank
Treasurer Chad Schieber, Beck Group
Vice Chair Troy Daniel, Thackeray Partners
ALC Class of 2017 Representative Clay Pickering, The Retail Connection
Leadership Alumni Representative Dustin Dulin, JLL
Loan Committee Chair Ryan Panariso, Lincoln Capital Management, LLC
Young Gun Representative Jessica Straley, Winstead PC
Kate A. Cavanaugh, Stewart TitleAaron Echols, Frost Bank
Ces Escamilla, BB&TJoseph F. Griffith, JPMorgan
Shery R. Layne, Comerica BankJoel S. Schubert, Miramar Holdings
Matt Siekielski, NexBankYelda D. Tuz, Bank of America Merrill Lynch
Judith Collins, Small Business Development CenterChristian Evans, Goldman Sachs
Paige Flink, The Family PlaceLibbie Lee, Golden SEEDS Foundation
Christopher Lewis, Nokia Networks
Roy Lopez, Federal Reserve Bank of DallasDenise Mason, BBVA Compass
Greg May, Preston Hollow CapitalEmmanuel Obi, The Obi Law Firm
Dora Ramirez, Wells Fargo Bank
Ken Smith, Revitalize South Dallas CoalitionJamie Vasquez, Woodforest Bank
Cynthia Yung, The Boone Family Foundation
Chairman James Knight, Stantec
Vice Chairman Shawn Todd, Todd Interests
Assistant Treasurer Courtney Naudo, Deloitte.
Ex-Officio Greg Kraus, Invesco Real Estate
ALC Class Representative Britton Church, JLB Partners
Leadership Alumni Representative Courtney Emich Spellicy, Austin Commercial
Leadership Alumni Chair Justin L. Goertz, Marvin F. Poer and Company
Young Guns Representative Ryan J. Garcia, Liberty Multifamily
Robert H. Bennett, Thackeray PartnersDonald L. Braun, HALL Group
Kevin Bryant, Crow Holdings Capital Partners, L.L.C.
Glenn Callison, Munsch Hardt Kopf & Harr P.C.John W. Cullins, EY
David W. Gleeson, GRAA Investments, LLC
Suzan Kedron, Jackson Walker L.L.P.Frank Mihalopoulos, Corinth PropertiesJudson L. Pankey, Prescott Realty Group
Mitch Paradise, Paradise Development PartnersDeborah C. Ryan, Squire Patton Boggs LLP
Neal D. Sleeper, Cityplace CompanySean Tate, Wick Phillips, LLP
L E G A C Y L E A D E R S
B O A R D O F A D V I S O R S
T R E C E X E C U T I V E B O A R D
T R E C B O A R D
T R E C F O U N D A T I O N B O A R D
T R E C C O M M U N I T Y F U N D B O A R D
T R E C C O M M U N I T Y F U N D A D V I S O R Y B O A R D
P A C B O A R D
Membership2,040members
620member companies
550new members
936Young Guns members
$1,045,214revenue, a 7 percent increase
above 2016
ProgramsBank of Texas Speaker Series 1,300 ATTENDEES
2017 topics included: the challenges facing Texas cities, the Federal Reserve’s role in the national economy’s recovery and the Dallas Catalyst Project
Industry Insights 700 ATTENDEES
2017 Topics included: High Net Worth & Family Office, Institutional Capital, Capital Markets and Heavy Hitters in Office & Industrial
Power Hour 120 ATTENDEES
2017 innovative development site tours included: Toyota North America’s headquarters, Perot’s Turtle Creek campus, Hilti North America’s test site and Dallas High School
Webinars 120 ATTENDEES
2017 Webinars took an in-depth look at industry topics, including: emerging technologies, public policy, leadership development and market updates
C Circle 30 ATTENDEES
Our two CEO-level programs reflected on leadership and industry trends
Young Guns Programs OVER 650 ATTENDEES
TREC hosted several programs and panels in 2017 aimed at mentoring young professionals and developing the leaders of tomorrow. Young Guns programs included: About Town tours, Rising to the Top, Forum & TREC Breakfast Groups
EducationalIn 2017, we hosted more than 20 educational programs to help our members stay informed on the latest industry, city, and regional development trends. Our Programs Committee also successfully planned the launch of our new podcast series, The TREC Podcast.
DevelopmentLeadership
DEVELOPING THE LEADERS OF TOMORROW
IN 2017, TREC
Welcomed our 22nd Associate Leadership Council (ALC) class Conducted our 2nd Executive Leadership Council (ELC) class Paired our sixth group of mentees for our Mentorship Program Launched the Talent Capital Forum for HR executives within the
commercial real estate industry Rebranded our ALC Alumni to Leadership Alumni to foster collaboration
between ALC and ELC graduates
In August, Leadership Alumni took a hard-hat tour of the Park District construction site.
B. Allison Brooks, B2 Architecture + DesignJosh A. Hedderich, Lexington Realty Trust
Kevin Kramer, DPR Construction, Inc.Karyn Martin, Interprise Design
Scott Rohrman, 42 Real Estate, LLCBeth Zayicek, Invesco Real Estate
Sumner Billingsley, Billingsley CompanyJason Burke, Granite Properties
Lance Buxkemper, Bank of America Merrill LynchAaron T. Capps, Griffith Davison & Shurtleff, P.C.
Heath Cheek, Bell Nunnally & Martin LLPMichael Cosby, HFF
Brandon Davis, KPMGAaron Echols, Frost Bank
Laura Eder, GFFJason Hauck, Trinsic Residential Group
Mark Hayes, Stream Realty PartnersCorinne Hoffman, L&B Realty Advisors
Katy Jane Jenevein, Eastdil SecuredAnna Johnson, Perkins+Will
Andrew Kastanos, StreetLights ResidentialRyan Koch, Pacheco Koch Consulting Engineers, Inc.
Zachary Lamp, HKSHolden Lunsford, Holt Lunsford Commercial
Todd Marchesani, Frontier EquityTaylor Pearce, Harbert Management Corporation
Ross E. Ruschhaupt, RBC Capital MarketsBrian N. Smith, TRT Holdings, Inc.Chelsea Story, Colliers InternationalDrew Tappan, Invesco Real Estate
Caleb Trotter, Munsch Hardt Kopf & Harr P.C.Brian Webster, KWA Construction
Jeff Wood, Peloton Commercial Real EstateTara Worthey, Todd Interests
Zach Wszolek, Goldman SachsChris Young, Comerica Bank
A S S O C I A T E L E A D E R S H I P C O U N C I LC L A S S O F 2 0 1 7
E X E C U T I V E L E A D E R S H I P C O U N C I LC L A S S O F 2 0 1 7
Class of2017
Public PolicyPAC &
Over 100 members served on the Public Policy Committee and hosted over 50 meetings, working group sessions and briefings on:
Dallas’s pension crisis
Development process improvements
Transportation
Affordable housing
Tree mitigation
Park land dedication ordinance
State legislative issues
The PAC interviewed candidates for the Dallas City Council and school board elections and contributed $43,000 to state and local political campaigns.
TREC POLICY VISION AND GUIDING PRINCIPLES:To achieve TREC’s vision of a world-class and livable North Texas region for all, TREC advocates for public policies which promote long-term economic growth and vitality as well as quality of life across the region. We engage in policy issues which impact the commercial real estate industry and the public good in a significant way to Build the City You’ve Imagined.
Fifteen members of our PAC and Public Policy committees traveled to Austin as part of Commercial Real Estate Lobby Day. Our members spent over 50 hours reviewing 100-plus bills impacting the commercial real estate industry.
FundTREC Community
2017 HIGHLIGHTS Hosted two ribbon-cutting events, including a grand opening block party for Recipe
Oak Cliff, a “food security house” Constructed an in-depth marketing and communications strategic plan Volunteers provided 676 development services hours valued at $216,000 Raised approximately $242,000 in grants and secured $600,000 in debt capital
In April, TREC Community Fund
helped celebrate the grand opening of Recipe Oak Cliff with a ribbon-cutting ceremony and
block party.
TREC Community Fund’s inaugural Shark Tank event featured an opening keynote conversation between (from left) WFAA’s Demond Fernandez, Dallas Mayor Mike Rawlings and Dallas Mavericks Owner Mark Cuban.
IN NOVEMBER, TREC COMMUNITY FUND HOSTED THE FIRST TREC SHARK TANK: GROWSOUTH EVENT, a live pitch competition highlighting investment and economic opportunities within Southern Dallas. Development teams were invited to submit commercial real estate project proposals to TREC that were gradually narrowed to three finalists who were mentored by seasoned industry professionals and graduates of our Associate Leadership Council class. Our finalist teams pitched to a panel of commercial real estate investors before an audience of more than 750 guests and each received investment deals totaling more than $2.1 million.
PRESENTING SPONSOR: NexBank | LEAD SHARK SPONSOR: JPMorgan Chase | MEDIA SPONSOR:WFAAEVENT SPONSORS: Matthews Southwest, Purepoint Financial, Civitas Capital
Held at Gilley’s Dallas, the inaugural TREC Shark Tank yielded $2.1 million in investment for three projects seeking to grow economic development opportunities in Southern Dallas.
TREC FoundationBY THE NUMBERS
GRANTS TREC Foundation’s Legacy Leaders
matched a $100,000 grant to Jubilee Park & Community Center
$10,000 to Commit! $25,000 to ScholarShot
PROFESSIONAL SERVICES 100 Volunteers 1,779 hours of professional services valued
at $440,000 Donated hours to over 30 nonprofits
VOLUNTEER PROJECTS Fifty volunteers helped complete the
Young Guns project to renovate the Aberg Center for Literacy and sourced over $60,000 in in-kind donations
Young Guns volunteer projects – 120 participants over four work days
Approximately $200,000 in grants and professional services was donated for the ALC’s class project to renovate the Harmony Community Development Corporation’s food pantry
On October 17, our Young Guns helped cut the ribbon of their Foundation Project: Renovations to the Aberg Center for Literacy.
Dallas
Catalyst ProjectFOLLOWING A STRATEGIC PLAN THAT DELOITTE. FACILITATED WITH THE TREC FOUNDATION BOARD IN EARLY 2017, the Foundation introduced a new philanthropic initiative to focus on a single Dallas neighborhood with collaborating partners seeking to address a specific community challenge. From this plan, the Dallas Catalyst Project was born.
A three-year, $1 million TREC Foundation initiative to Ignite
Positive Community Change 155 partnering organizations submitted 38 applications A member vote in November selected the winning
collaboration
The Forest District Revitalization initiative, with partnering community organizations CitySquare, St. Philip’s School & Community Center and Cornerstone Baptist Church, was selected as the recipient of the inaugural DCP grant. The project includes restorations of the iconic theater and a retail space on Martin Luther King Jr. Boulevard as well as exterior improvements to Cornerstone Baptist Church.
The iconic Forest Theater will be renovated as part of the inaugural Dallas Catalyst Project.
FoundationEvents
WHAT A GREAT YEAR FOR OUR FUNDRAISING EVENTS IN 2017! Each of our events exceeded their fundraising goals thanks to the generosity of our donor members and companies. We could not have accomplished our goals without them and their contributions will help Build The City You’ve Imagined.
$113, 286
$605,000
$1.4 M
EVENT AMOUNT RAISED
Proceeds from our FightNight raffle benefited the Associate Leadership Council class’s Foundation project to renovate the Harmony Community Development Corporation’s food pantry.
Investors2017 Impact
C H A M P I O N ’ S C I R C L E
C H A I R M A N ’ S C I R C L E
P R E S I D E N T ’ S C I R C L E
Bank of America Merrill Lynch/ FoundationBank of Texas
Compatriot CapitalGranite Properties
HFFJPMorganNexBank
Balfour Beatty ConstructionBillingsley Company
CBRECrow Holdings Capital Partners, L.L.C.
Deloitte.EY
Frost BankInvesco Real Estate
Jackson Walker L.L.P.JLL
KDC
KPMGLegacyTexas
Matthews SouthwestMunsch Hardt Kopf & Harr P.C.
Republic Title of Texas, Inc.Stantec
Stewart TitleStreetLights Residential
The Howard Hughes CorporationWinstead PC
42 Real Estate, LLCBank of the Ozarks
BB&TBBVA Compass/Foundation
Chicago Title Company/Fidelity National Financial (FNF)Chief Partners LPComerica Bank
Corgan Associates, IncCushman & Wakefield, Inc.
DPR Construction, Inc.Eastdil Secured
GFF
Goldman SachsHaynes and Boone, LLP
Holt Lunsford CommercialJackson-Shaw
Locke Lord LLPNorthMarq CapitalSpirit Realty Capital
Stream Realty PartnersTexas Capital BankThackeray Partners
Todd InterestsTrammell Crow Company
Carrco PaintingDrywall Interiors, LP
FauxcadesGentzler Electrical Services Inc.
Hilton Anatole Hotel
McKinney Office SupplyParmenter Realty Partners
Premier West BuildersTD Industries
Adolfson & Peterson ConstructionAECOM
AG&E Structural EngenuityAmerican National Bank of Texas
Arch-Con CorporationBank of America Plaza
BBGBeck Group
Berkadia Commercial MortgageBradford Companies
Brasfield & Gorrie, LLCCapital One Bank
Capright, LLCChampion Advisory Partners
Colliers InternationalCommunities Foundation of Texas
Corinth PropertiesCortland Partners
Davidson & Bogel Real EstateDeutsche Bank
EMJ CorporationGables Residential
Gaedeke Group LLCGardere Wynne Sewell LLP
Grant ThorntonHALL Group
Hillwood UrbanHines Interests LP
Hunt Mortgage GroupInvitation Homes
Jones DayJPI
Kane Russell Coleman & Logan PC
KeyBankKimley-Horn and Associates, Inc
Lincoln Property CompanyMohr Partners
MUFG Union Bank OMNIPLAN, Inc.Mark Gibson
Mill Creek Residential Trust LLCMohr Partners
MUFG Union BankOMNIPLAN, Inc.
ORIX Real Estate AmericasPegasusAblon Properties
Peloton Commercial Real EstatePerkins+Will
PGIM Real Estate FinancePlainsCapital BankPM Realty Group
Purepoint FinancialReal Estate Deal Sheet
Regions BankSarofim Realty Advisors
Schwob Building Companyth+a Architects, Inc.
The Retail ConnectionTIER REIT, Inc.
Trammell Crow ResidentialTranswestern
Turner Construction CompanyVinson & Elkins L.L.P.
Walker & DunlopWells Fargo Bank
Westmount Realty Capital, LLC
B E N E F A C T O R ’ S C I R C L E
P A T R O N ’ S C I R C L E
FinancialsThe Real Estate Council Inc.
Year End Actual Year 2017 Budget Revenues Membership Dues $1,045,214 $1,000,120 Membership Development Expenses ($6,037) ($14,100) Leadership Development (Net) ($10,374) ($8,187) Programs (Net) $53,736 $89,702 Public Policy ($17,057) ($70,500) Marketing Sponsorships $0 $6,000 Other Income $304,502 $284,596 Total Net Revenue $1,369,984.06 $1,287,631.00
Expenses Operating $1,199,456 $1,304,839 Total Expenses $1,199,456 $1,304,839
NET SURPLUS/(DEFICIT) $170,528 ($17,208)
TREC Foundation
Year End Actual Year 2017 Budget Revenues Events Proceeds $847,284 $810,859 Projects (Net) ($58,727) ($42,200) Other Income $671,315 $235,000 Total Net Revenue $1,459,873 $1,003,659
Expenses Operating $566,088 $604,533 Program Expenses $795,720 $326,500 Total Expenses $1,361,808 $931,033
NET SURPLUS/(DEFICIT) $98,065 $72,626
TREC Community Fund
Year End Actual Year 2017 Budget Revenues Contributions $309,037 $215,344 Loan Revenue $89,225 $0 Events (Net) $15,000 $0 Programs (Net) ($2,258) ($6,000) Marketing (Net) ($28,681) ($16,375) Total Net Revenue $382,323 $192,969
Expenses Operating $288,430 $192,951 Total Expenses $288,430 $192,951
NET SURPLUS/(DEFICIT) $93,893 $18
TREC Special Events Inc.
Year End Actual Year 2017 Budget Revenues Events (Net) $1,175,380 $1,130,599 Distributions ($981,850) ($941,855) Total Net Revenue $193,530 $188,744
Expenses Operating $182,584 $186,297 Total Expenses $182,584 $186,297
NET SURPLUS/(DEFICIT) $10,947 $2,447
Statement of activities for the period ending December 31, 2017
Linda McMahonPresident & CEO(214) 580-1681
Carla BrandtChief Financial Officer
(214) 692-3603 [email protected]
Holland MorrisVice President - Programs, Leadership & Culture
(214) 580-1680 [email protected]
Marcia Ebaugh-PallánEvents Manager(214) 692-3601
Christina GarciaExecutive Assistant/Board Relations
(214) [email protected]
Kawanise MimsTREC Community Fund Associate
(214) [email protected]
Maggie ParkerDirector of TREC Community Fund
(214) [email protected]
Cale PetersonLeadership & Programs Associate
(214) [email protected]
Bill San AntonioCommunications & Marketing
Coordinator(214) 220-1840
Amy StovallDirector of Membership Development
& Engagement(214) 692-3605
Ashley ThompsonMember Services Associate
(214) [email protected]
Bryan TonyDirector of Public Policy
(214) [email protected]
Nebiat WodereDatabase/Financial Manager
(214) 580-1674 [email protected]
Mekdes YaeAccounting Manager
(214) [email protected]
TREC Staff