The Mission of BOMA Jacksonville is to enhance commercial real estate ownership and management through effective leadership, education, networking and advocacy.
A Powerful Network of Real Estate Professionals
Vickie Hilestad, Baptist health
Melanie Bellinger, Wounded Warrior Project
Secretary / Treasurer
Mallory Fritz, CBRE
Amanda Davis, CBRE
Rick Beaver, BAE
Board of Directors
Beth Wilson, Foundry
Cindy Patrick , Foliage Design
Connie Kim, GBM
Jen Morgan, Allan Industries
Jim Gilchrist, Bridge Investment Group
Michael Dunn, Allied Universal
Bob Lee, Trane
Samantha Devlin, Crushman Wakefield
Rachel Wikan, Lincoln Harries Heathcare
John Strachan, ServPro
Andy Sodl, Sodl Ingram Law
Lindsey Nutter, A1Orange
Ron Legare, Home Depot
The Building Owners and Managers Association (BOMA) International is a federation of 91 BOMA US associations and 17 BOMA international affiliates. Founded in 1907, BOMA represents the owners and managers of all commercial property types including nearly 10.4 billion square feet of U.S. office space that supports 1.8 million jobs and contributes $227.6 billion to the U.S. GDP. Its mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge.BOMA International is a primary source of information on building management and operations, development, leasing, building operating costs, energy consumption patterns, local and national building codes, legislation, occupancy statistics, technological developments and other industry trends.
Terrorism Risk Insurance Act
Terrorism Risk Insurance is an integral part of commercial real estate financing and an important financial backstop for the American tax payer. The current extension of TRIA is set to expire on December 31, 2020. BOMA, as a steering committee member of the Coalition to Insure Against Terrorism (CIAT), has been working all year on an early extension of TRIA so policy holders do not have their coverage interrupted. On October 31, 2019, the House Financial Services Committee unanimously passed a 7-year extension of TRIA paving the way for the legislation to move forward.
Terrorism will remain a threat for the foreseeable future; the federal terrorism insurance program must remain in effect until the reinsurance industry is prepared to accurately underwrite and assume the whole risk.
Following the September 11, 2001 terrorist attack, many owners of commercial properties were advised that their policies would not be renewed or that their new policies would exclude terror/war risks. Without adequate insurance, it is difficult, if not impossible, to operate or acquire properties, refinance loans, and to sell commercial-backed securities.
Since 9/11, BOMA and our coalition partners in the Coalition to Insure Against Terrorism (CIAT) have worked tirelessly to promote and implement a federal backstop program. We scored huge victories when Congress passed the Terrorism Risk Insurance Act of 2002 and again in late 2005, 2007 and 2015 when Congress voted to on TRIA extensions.
TRIA has a zero cost long-term tax payer liability as any claims paid out immediately following an act of terrorism would be recouped over the next ten years through premiums on policy holders. TRIA protects not only commercial real estate, but educational institutions, research facilities, sports complexes and more.
For more information, click here.
Animals in the Work Place
It is increasingly more commonplace to find dogs and other animals in the workplace, and some companies now promote pet-friendly policies as an employee benefit. Perhaps this isn’t surprising in a country like the United States, where it’s been estimated that two out of every three people own a pet, and where the lines between home and office are increasingly blurred. These changing norms have arrived, however, alongside definition and policy confusion, leaving the commercial real estate industry to consider the advantages and disadvantages that accompany this cultural shift.
To download the policy brief, click here.