Even As The Number Of Female Directors Grows, Most Women In CRE Still Face Challenges
NEWPORT BEACH, CA–Earlier this week the Wall Street Journal published some encouraging numbers for women in commercial real estate: Of the 94 REIT directors elected this year during the spring proxy season, 52% were women, according to a study by Ferguson Partners. It was the first time women were the majority of directors elected.
A more sobering stat from Ferguson is that only 8 REITs have female CEOs.
A separate survey by recruiting firm RETS Associates moves forward this notion that while women in CRE are slowly but steadily advancing in the boardroom — at least in the public sector — there is still something wrong with the state of gender equality in CRE.