US - Scot Sellers of Archstone-Smith is to take over as chairman of the trade US real estate investment trust trade body NAREIT.
Sellers, chairman and chief executive at Archstone, will take over at the National Association of Real Estate Investment Trusts from David Simon, head of Simon Property Group.
First vice chairman is Arthur Coppola, president and CEO at Santa Monica-based Macerich.
Christopher Nassetta of Host Marriott Corp. becomes second vice chairman.
And CarrAmerica Realty Corp.’s Thomas Carr was elected treasurer.
NAREIT is the representative voice for US real estate investment trusts and publicly traded real estate companies worldwide.