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After operating independent of each other for many years, BOMA and BOMI announced that they now share a vision to be the partner individuals in the commercial real estate industry choose to maximize value for their careers, organizations, and building assets. Leaders of the two international organizations said that with intense focus on workforce development, coordinating their efforts to provide education and training, while enhancing the close working relationship that has existed for over 50 years, will enhance quality, expand offerings, and make them even more responsive to marketplace needs.
“This is a unique opportunity to bring the two organizations together as one synergistic business to capitalize on our respective strengths, leverage staff competencies, better serve our shared customers, and enhance product offerings,” says BOMA International Chair Randal L. Froebelius, a BOMA Fellow and P.Eng. “By coming together, we elevate our effectiveness at being the preferred provider of career-long education and training.”
Tim O’Donald, RPA, BOMI International’s chair of the Board of Trustees, agreed. “BOMI is dedicated to improving the skills of professionals with property, facilities and systems responsibilities,” he says. “This partnership will enhance our capabilities in education and training for management professionals and related disciplines. I want to thank BOMA Georgia Chief Executive Officer Gabriel Eckert, FASAE, CAE, for all his work this fall that helped bring us together.”
The two organizations have signed a letter of intent to achieve shared management and governance structures, pending a due diligence period expected to conclude in early 2023 and be approved by BOMA, BOMI, and the BOMA Foundation.
Under the plan, BOMI International will become BOMA International’s nonprofit 501(c)(3) arm, combining with the BOMA Foundation. BOMA International President and Chief Operating Officer Henry Chamberlain, APR, FASAE, CAE, will take on the added duty of BOMI’s volunteer president. BOMI’s retiring Chief Executive Officer Jeffrey Horn will assist with the transition.
“During the last several years we have come together to create some valuable joint programs, and BOMI’s designations have set the standard in the industry for many years,” says Chamberlain. “It is incredibly exciting to be coming together now in this powerful way that will both enhance the quality of our offerings and expand our capacity and speed to market as we produce new education and training to meet workforce needs.”