Building  Owners  and  Managers  Association  International

Building Owners and Managers Association International

BOMA International and OSCRE Sign Memorandum of Understanding

May 17, 2011

​FOR IMMEDIATE RELEASE

(WASHINGTON—May 17, 2011) The Building Owners and Managers Association (BOMA) International and the Open Standards Consortium for Real Estate (OSCRE) recently signed a memorandum of understanding with the common goal of advancing the interoperability among information systems that exchange real estate related information.

BOMA and OSCRE have a common interest in several issues that will benefit the commercial real estate industry. Both parties have agreed to exchange information, participate in the other’s events, seek each other’s views in the development of new products, collaborate on data standards development in order to take advantage of work already accomplished, and develop special agreements for the promotion and distribution of each other’s products and services, among other goals.

“OSCRE has led the charge when it comes to developing standards for technological systems in our industry and we look forward to strengthening our relationship,” commented BOMA International Chair Ray H. Mackey, Jr., RPA, CPM, CCIM, partner and chief operating officer, Stream Realty Partners, L.P. “Our collaboration will allow us to work together on a variety of initiatives that will enhance the productivity of commercial real estate professionals.”

“BOMA has long been a leader in providing property professionals with the information and resources they need to perform better,” remarked Catherine Williams, OSCRE Chief Executive. “Our partnership will help make real estate information systems interoperable, making members of our industry even more effective.”

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About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 16,500-plus members own or manage more than nine billion square feet of commercial properties. BOMA International’s mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the Web at www.boma.org.

About OSCRE (the Open Standards Consortium for Real Estate)
OSCRE is a not for profit market led initiative that facilitates increased business productivity through the development and delivery of standards across the real property sector. OSCRE’s mission is to drive the standards development process among key real estate stakeholders, including owners, tenants/occupants, investors, operators, developers, service providers, regulatory agencies, consulting firms, vendors and suppliers - to benefit all stakeholders and enable the real estate industry to function more efficiently in the digital economy. OSCRE is the only global e-commerce standards body for the real property sector. The organization is funded by its members, whose valued financial and professional contribution enables the continuation of the work of OSCRE.

For more information please visit our website at http://www.oscre.org.

Contact
Lindsay Tiffany
Manager of Media Relations
BOMA International
(202) 326-6365
ltiffany@boma.org