The Real Estate Council Inc

Dallas, TX · Founded 1990

Dallas-Fort Worth commercial real estate association advancing industry leadership

Primary audience
Professionals
Work area
Industry Support
Topic
Member Services
Contact
Jennifer Schmiel
Website Contact

About Organization

Based in Dallas, TX, The Real Estate Council serves as the premier organization for commercial real estate professionals in North Texas. Founded in 1967, the organization reported $3.8 million in revenue for 2023, providing education, networking, and advocacy for members involved in development, investment, finance, and services shaping the regional commercial real estate market.

What They Focus On

Industry Advocacy

Represents member interests in policy processes and advocates for legislative and regulatory positions supporting industry success.

Member Education

Delivers professional development programs, conferences, and resources advancing member knowledge and competencies.

Standards Promotion

Develops and promotes industry standards, best practices, and quality improvement initiatives enhancing professional excellence.

Financial Information

Form 990 data showing organizational financial health and growth.

Revenue (2024)

$1.7M

-1.7% vs 2023

Expenses (2024)

$1.7M

+0.2% vs 2023

Assets (2024)

$1.3M

-1.1% vs 2023

Employees (2024)

16

+33.3% vs 2023

Year Revenue Expenses Assets Employees
2024 $1,673,274 $1,733,710 $1,332,679 16
2023 $1,702,464 $1,730,396 $1,346,957 12
2022 $1,517,711 $1,578,974 $1,467,361 14
2020 $1,284,783 $1,128,981 $1,340,018 12
2019 $1,539,253 $1,413,269 $930,144 14
2018 $1,506,849 $1,521,784 $917,923 14

Source: IRS Form 990 filings. All figures in USD.

How They Work

Learn more
  • 01

    Serve Members

    Recruit and engage members providing value through advocacy, education, resources, and networking opportunities.

  • 02

    Advocate Industry

    Monitor policy issues and advocate for positions supporting member interests and favorable industry environment.

  • 03

    Develop Standards

    Promote best practices, professional standards, and quality improvement initiatives advancing industry excellence.

  • 04

    Share Knowledge

    Disseminate research, industry data, and insights informing member operations and strategic decisions.

Programs and Initiatives

Services and programs offered by The Real Estate Council Inc

Member Advocacy

Represents member interests in legislative and regulatory processes affecting industry practices and business environment.

Professional Development

Delivers education programs, conferences, and training advancing member knowledge and professional competencies.

Team & Leadership

Meet the people behind The Real Estate Council Inc.

Jeff Matthews

Jeff Matthews

Chairman Winstead Pc
Evan Beattie

Evan Beattie

Trec Pac Chair + Chair Elect Gff
Aaron Echols

Aaron Echols

Trec Community Investors Chair Frost Bank
Rick Perdue

Rick Perdue

Legacy Leaders Chair + Past Chair Rosewood Property Company
Bryan Shahan

Bryan Shahan

TREASURER Hillwood Urban
Aryn Self

Aryn Self

SECRETARY Munsch Hardt Kopf & Harr, P.C.
Mark Butler

Mark Butler

Membership Chair Jacksonshaw
Zack Lamp

Zack Lamp

Programs Chair Hks
Carl Anderson

Carl Anderson

PUBLIC POLICY CHAIR Larkspur Capital
Rob Bennett

Rob Bennett

FIGHTNIGHT CHAIR Thackeray Partners
Chelsea Story

Chelsea Story

Leadership Alumni Chair Cbre
Julia Beckman

Julia Beckman

Diversity, Equity & Inclusion Leadership Chair Munsch Hardt Kopf & Harr, P.c.
Alex John

Alex John

Alc Class Of 2026 Chair  
Alena Denisova

Alena Denisova

Alc Class Representative Arco/Murray Design Build
Tanner Lloyd

Tanner Lloyd

YOUNG GUNS CHAIR Birch Construction
JS

Jennifer Schmiel

Senior Director
Full-time
Compensation: $174,165
SL

Summer Loveland

CFO/COO
12 hrs/week
Compensation: $87,834
LM

Linda McMahon

CEO/President (Until 6/30/24)
8 hrs/week
Compensation: $47,517
AS

Amy Stovall

Senior Director
17 hrs/week
Compensation: $43,244
JJ

Jamee Jolly

CEO/President
8 hrs/week
Compensation: $14,525
TM

Trey Morsbach

Past Chairman
1 hrs/week

Milestones

1990

Association Founded

1990

Established to represent industry interests and provide member services supporting professional excellence.

2024

Current Operations

2024

Operating with $1.7M in revenue and 16 staff serving member professionals.

Associated People

Board members, advisors, and key contributors

Board of Directors

AL
Aaron Locke Board Member 0.25 hrs/week
AF
Allison Frizzo Board Member 0.25 hrs/week
CW
Craig Wilson Board Member 0.25 hrs/week
DT
Daniel Taylor Board Member 0.25 hrs/week
DB
Darcy Barnes Board Member 0.25 hrs/week
EK
Eric Krueger Board Member 0.25 hrs/week
FM
Frank Mihalopoulos Board Member 0.25 hrs/week
HS
Hector Sanchez Board Member 0.25 hrs/week
HB
Heidi Barath Treasurer 0.50 hrs/week
HL
Holden Lunsford Board Member 0.25 hrs/week
HL
Hunter Lee Board Member 0.25 hrs/week
JK
Jaime Kelley Board Member 0.25 hrs/week
JR
James Ray Board Member 0.25 hrs/week
JM
Jeff Matthews Board Member 0.25 hrs/week
JM
Jeff Montgomery Board Member 0.25 hrs/week
JM
Jeremy McGown Board Member 0.25 hrs/week
JR
Jim Reynolds Board Member 0.25 hrs/week
JA
John Adolph Board Member 0.25 hrs/week
JB
John Bailey Board Member 0.25 hrs/week
JC
Joseph Cahoon Board Member 0.25 hrs/week
JG
Justin Goertz Board Member 0.25 hrs/week
KP
Kathy Permenter Board Member 0.25 hrs/week
KS
Katy Slade Board Member 0.25 hrs/week
KK
Kennan Kolendo Board Member 0.25 hrs/week
KH
Kitty Henry Secretary 0.50 hrs/week
KL
Kris Lowe Board Member 0.25 hrs/week
LS
Lee Small Board Member 0.25 hrs/week
MH
Marshal Hess Board Member 0.25 hrs/week
MB
Matt Bryarly Board Member 0.25 hrs/week
MB
Michael Blackwell Board Member 0.50 hrs/week
MG
Mike Geisler Chair 3.00 hrs/week
PT
Patrick Todd Board Member 0.25 hrs/week
RP
Rick Perdue Board Member 1.00 hrs/week
RB
Rob Bennett Board Member 0.25 hrs/week
RB
Rob Bowlby Board Member 0.25 hrs/week
SR
Scott Rohrman Board Member 0.25 hrs/week
SM
Stan Mullikin Board Member 0.25 hrs/week
SA
Steve Aldrich Board Member 0.25 hrs/week
TD
Tim Dismond Board Member (Until 3/25/24) 0.25 hrs/week
TL
Torrey Littlejohn Board Member 0.25 hrs/week
WB
William Brokaw Board Member 0.25 hrs/week

Information compiled from IRS Form 990 and organizational materials.

Executive Compensation

Top compensated officers & key employees from IRS Form 990

Total Reported (2024)

$432K

Highest Paid

$180K

Jennifer Schmiel

Compensated Officers

5

Name Title Base Other Total Hrs/Wk
Jennifer Schmiel Senior Director $174,165 $6,111 $180,276 40
Summer Loveland CFO/COO $87,834 $23,342 $111,176 12
Amy Stovall Senior Director $43,244 $25,234 $68,478 17.2
Linda Mcmahon CEO/President (Until 6/30/24) $47,517 $8,470 $55,987 8
Jamee Jolly CEO/President $14,525 $1,657 $16,182 8

Source: IRS Form 990 filings. Compensation includes base and other reported compensation.

COVID-19 PPP Loans

Paycheck Protection Program (2020-2021)

Fully Forgiven

Total Approved

$190K

Total Forgiven

$193K

101% forgiven

Jobs Retained

13

Loan Details 1 loan

$190,079
Forgiven
Forgiven: $192,856 100%
Approved Apr 28, 2020
Lender PNC Bank, National Association
Jobs Reported 13
Forgiven On Oct 7, 2021

Source: Small Business Administration • Paycheck Protection Program (2020-2021)

Related Organizations

3 affiliated entities reported on IRS Form 990 Schedule R

3

Tax-Exempt Affiliates

3
Trec Community Investors
Dallas, TX
Economic Development
501(c) 501(C)(3)
The Real Estate Council Political Action Committee
Dallas, TX
Campaign Support
501(c) 527
Trec Special Events Inc
Dallas, TX
Special Event
501(c) 501(C)(3)

Source: IRS Form 990, Schedule R (Related Organizations and Unrelated Partnerships)

Contact

Get in touch with The Real Estate Council Inc

Phone

(214) 692-3600

Social

Visit Website
3100 Mckinnon Street 1150 Dallas, TX 752011104