BOMA Greater Minneapolis // 2020-2021 Annual Review

2020-2021 ANNUAL REVIEW Building Owners and Managers Association of Greater Minneapolis www.bomampls.org | 50 S 6th St Ste 1301 Minneapolis, MN 55402 membership@bomampls.org | (612) 338.8627

ANNUAL REVIEW

2020-2021

LETTER FROM THE CHAIR Pat Seng, Cushman & Wakefield

I have sincerely appreciated the opportunity to serve as the Board Chair for BOMA Greater Minneapolis. BOMA members have some of the best designed, built, and operated real estate in any city in the country. This past year proved that point time and time again. We faithfully executed our duties during a pandemic, social discord, and an economic meltdown. I strongly believe that BOMA plays an active role in that success. I don't want to attempt to prove BOMA's collective worth with specific bullet points on advocacy, education, and networking.

The numbers and stats are all impressive, but you have seen them many times before. What I would like to offer are a few thoughts on one event that BOMA held this year that really symbolized what we are all about.

As the 2020 challenges played out, yet another "un-fun" decision point came upon us. Best of BOMA Gala 2021 or not? The Gala certainly falls within our mission of advocacy, education, and networking, but is it appropriate during the current environment? Could we get sponsors?

Will anyone sign up for the TOBY competition? A virtual gala...really?! The collective answer was a rather nervous 'yes'. After we picked Deb Kolar, Steve Herron, and Anna Scheetz up off the floor, it was time to get sponsors for an event that has been completely changed to a rather undefined format and was untested. No problem! What was so impressive was how a group of volunteers and the BOMA staff managed to totally recreate a complex event, with no road map in about 90 days. A true testament to creativity and resiliency. I received many comments about enjoying the event and the "normalcy" that it represented. Even more noteworthy was how many mentioned that the event reminded them of how much they really miss in-person events and the camaraderie that those events provide.

So, thank you for allowing me to be a member of a creative and resilient group that enjoys getting together once in a while to support each other and to celebrate some of life's little successes.

Here's to 2021. You are certainly in good hands with Ms. Kolar.

ANNUAL REVIEW

2020-2021

A year's overview

ADVOCACY, ENGAGEMENT & PROACTIVE RESPONSE L-R Ted Campbell, Doug Carnival, Pat Seng, and Kevin Lewis at the Minnesota State Capitol for Minnesota Chamber Day at the Capitol on February 27, 2020.

COVID-19 Pandemic Initiatives

Disseminated Resource & Re-Entry Guidelines Two @ 2:00 Newsletters BOMA Briefings // Special Notice Letter to Governor Walz & Administration promoting CRE employees as essential workers Friday Morning Virtual Coffee Social with guests Modified BOMA programming to virtual platform with on-demand recordings The Death of George Floyd & Aftermath

Created and distributed BOMA Greater Minneapolis' Statement on Social Justice Issued BOMA's Guiding Principals for Police Reform & Public Safety Provided important links and resources for the planning of any possible civil unrest Public Safety

BOMA is represented on: Mayor's Safety Collaborative Downtown Safety Executives Group (DSEG) Law Enforcement & Safety Partners DID Safety Collaborative Hennepin Avenue Safety Collaborative Testified before the Minneapolis City Council and the Minneapolis Charter Commission in support of MPD funding Advocacy

Successfully defeated a proposed Minneapolis Commercial Property Sale Ordinance Continued to monitor legislative activities in St. Paul Prevented the reinstatement of the Commercial/Industrial Property Tax automatic inflator Defeated the creation of Transportation Taxing District that would impose taxes on businesses bordering certain intersections

BOARD OF DIRECTORS

ANNUAL REVIEW

2020-2021

2020-2021 CHAIR

Pat Seng, Cushman & Wakefield VICE-CHAIR

Deb Kolar, Accesso Services, LLC SECRETARY/TREASURER

Tara Steinkraus, Duke Realty DIRECTORS

Todd Balsiger, JLL Lee Davis, Target Corporation Brenda Grams, CBRE Jeff Kreger, Zeller Kristin Longhenry, Wildamere Capital Management Cindy MacDonald, Kraus-Anderson Realty Company Liz Morrissey, CBRE Caitlin Schouviller, Hines Alexx Smith, Newmark Christy Speck, ABM Kurt Wilczek, Piedmont Office Realty Trust

Last year's

STATEMENT OF ACTIVITY

Year ended December 31, 2020

REVENUES:

Membership Dues Interest/Revenue Non Dues Revenue TOTAL REVENUES EXPENSES:

Admin Expense Office Overhead Govt/Industry BOMA Int'l Dues Confs/Conventions TOTAL EXPENSES

ASSETS at beginning of year ASSETS at end of year NET CHANGE IN ASSETS

$702,654 $46,576 $96,799 $846,029 $441,673 $157,921 $89,465 $88,140 $7,144 $784,342 $734,135 $795,822 $61,687