CMSA-Europe’s board of governors has formally approved a name change for the organization, which will now be called the Commercial Real Estate (CRE) Finance Council Europe. The change aligns the association with its North American counterpart, which changed its name to Commercial Real Estate Finance Council on March 23.
CRE Finance Council’s global organization operates in Europe, Japan, and North America. It was established to help drive a vibrant, transparent, and accessible commercial real estate finance market and its members include commercial real estate finance securities investors, issuers, lenders, servicers, and the companies that support the CRE market.
The European branch also includes collections of commercial real estate finance market participants that drive the global industry — called “forums.” Forums include securities investors, lenders, and servicers.
Each of the forums will interact and address important issues to its own business sector and will collaborate to achieve solutions that serve a common purpose. CRE Finance Council Europe will seek to represent all forum participants, manage both dissimilar and converging views, and advance the consensus of their positions to policy officials and to the market.
"On behalf of our European Board, I am enormously pleased with the approval of the European name change to Commercial Real Estate Finance Council Europe," said Scott Goedken, chairman of the European organization. "This new name, which has immersed itself so well in the United States in these last few months, reflects the inclusive nature of the Commercial Real Estate Finance Council and the expanded focus the organization wants to bring to its global membership," he added. "With our work to grow our organization here, we are enormously excited to move forward with our new name in place."