TORONTO – NAIOP, an association for commercial real estate developers, owners, investors and related professionals, has announced a name change to the Commercial Real Estate Development Association (CREDA).
According to a release, CREDA more clearly communicates the breadth of its members’ work and the full scope of commercial real estate development they represent.
“The transition to the Commercial Real Estate Development Association powerfully reflects the evolution of our industry and the direct impact of our members right here in the Greater Toronto Area,” said Rebecca Askew, president of the Greater Toronto Chapter of CREDA in a statement.
“As the second-largest chapter in North America, our local membership is not defined by a single asset class. We are the developers, owners, operators and investors who are actively shaping our neighbourhoods, driving the region’s economic growth, and delivering the dynamic spaces where our community lives, works and connects. This new name clearly communicates who we are to local policy-makers and stakeholders, reinforcing our chapter’s leadership while staying true to our core mission of advocacy, education, research and connection in the GTA.”
Founded in 1967, the association has grown alongside the commercial real estate industry and now represents more than 21,000 members through 55 chapters across North America.
“NAIOP has built an extraordinary legacy over nearly six decades, grounded in strong relationships, industry leadership and member engagement,” said Kevin Hardy, past- president of the Greater Toronto Chapter.
“The move to CREDA builds on that foundation while better reflecting the breadth of today’s commercial real estate industry. While the name has changed, the mission our members have relied on for decades remains stronger than ever, and this evolution ensures we will continue to lead the broader commercial real estate industry for years to come.”
As the Greater Toronto Chapter proudly celebrates its 50th anniversary this year, this new name marks a new chapter.
The release notes the name change is the culmination of a multiyear, research-driven process that included extensive member engagement, stakeholder interviews, focus groups, surveys and strategic planning.
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