Name Type Property Sector Property Sub-Sector Price REIT, Inc. Equity Retail Strip Centers Kimco Realty Corporation Equity Retail Strip Centers Corporate Office Properties Trust Equity Retail Triple Net Lease Omega Healthcare Investors, Inc. Equity Health Care Health Care LTC Properties, Inc. Mortgage Health Care Health Care South West Property Trust, Inc. Equity Residential Apartments Kranzco Realty Trust Equity Retail Strip Centers Wellsford Residential Properties Trust Inc. Equity Residential Apartments Taubman Centers, Inc. Equity Retail Regional Malls Crocker Realty Trust, Inc. Equity Industrial/Office Outlet Centers Developers Diversified Realty Corporation Equity Retail Regional Malls CarrAmerica Realty Corporation Equity Industrial/Office Outlet Centers Manufactured Home Communities, Inc. Equity Residential Manuf. Homes General Growth Properties, Inc. Equity Retail Regional Malls Vornado Realty Trust Equity Retail Strip Centers Healthcare Realty Trust Inc. Equity Health Care Health Care TriNet Corporate Realty Trust, Inc. Equity Specialty Triple Net Lease Acadia Realty Trust Equity Retail Strip Centers Tanger Factory Outlet Centers, Inc. Equity Retail Outlet Centers Kimsouth Realty Equity Retail Outlet Centers Holly Residential Properties, Inc. Equity Residential Apartments Post Properties, Inc. Equity Residential Apartments Camden Property Trust Equity Residential Apartments New Plan Excel Realty Trust, Inc. Equity Specialty Triple Net Lease RFS Hotel Investors, Inc. Equity Specialty Hotels Crown American Realty Trust Equity Retail Regional Malls National Golf Properties, Inc. Equity Specialty Triple Net Lease Equity Residential Equity Residential Apartments Town and Country Trust, The Equity Residential Apartments ROC Communities, Inc. Equity Residential Manuf. Homes Saul Centers, Inc. Equity Retail Strip Centers Mid-Atlantic Realty Trust Equity Retail Strip Centers Colonial Properties Trust Equity Diversified Diversified Tucker Properties Corporation Equity Retail Strip Centers Urban Shopping Centers, Inc. Equity Retail Regional Malls McArthur/Glen Realty Corporation Equity Retail Outlet Centers Oasis Residential, Inc. Equity Residential Apartments Chelsea Property Group, Inc. Equity Retail Outlet Centers CBL & Associates Properties, Inc. Equity Retail Regional Malls Regency Centers Corporation Equity Retail Strip Centers Horizon Group Properties, Inc. Equity Retail Outlet Centers Keystone Property Trust Equity Residential Apartments Associated Estates Realty Corporation Equity Residential Apartments Avalon Properties, Inc. Equity Residential Apartments Spieker Properties, Inc. Equity Diversified Diversified Chateau Communities, Inc. Equity Residential Manuf. Homes Irvine Apartment Communities Equity Residential Apartments CenterPoint Properties Trust Equity Industrial/Office Industrial Sun Communities, Inc. Equity Residential Manuf. Homes G&L Realty Corporation Equity Industrial/Office Outlet Centers Simon Property Group, Inc. Equity Retail Regional Malls PMC Commercial Trust Mortgage Diversified Diversified Center Trust, Inc. Equity Retail Strip Centers Columbus Realty Trust Equity Residential Apartments JP Realty, Inc. Equity Retail Regional Malls Glimcher Realty Trust Equity Retail Strip Centers Gables Residential Trust Equity Residential Apartments Jameson Inns, Inc. Equity Specialty Hotels Mid-America Apartment Communities, Inc. Equity Residential Apartments Capital Apartment Properties, Inc. Equity Residential Apartments Walden Residential Properties, Inc. Equity Residential Apartments Amli Residential Properties Trust Equity Residential Apartments Summit Properties Inc. Equity Residential Apartments Pacific Gulf Properties, Inc. Equity Diversified Diversified Equity Inns, Inc. Equity Specialty Hotels Macerich Company, The Equity Retail Regional Malls AvalonBay Communities Inc. Equity Residential Apartments Prime Retail, Inc. Equity Retail Outlet Centers Storage USA, Inc. Equity Industrial/Office Self Storage JDN Realty Corporation Equity Retail Strip Centers ProLogis Trust Equity Industrial/Office Industrial Mills Corporation, The Equity Retail Regional Malls DeBartolo Realty Corporation Equity Retail Regional Malls Agree Realty Corporation Equity Retail Strip Centers Crescent Real Estate Equities Company Equity Industrial/Office Outlet Centers Beacon Properties Corporation Equity Industrial/Office Outlet Centers Winston Hotels Equity Specialty Hotels Essex Property Trust, Inc. Equity Residential Apartments Highwoods Properties, Inc. Equity Industrial/Office Outlet Centers Grove Property Trust Equity Residential Apartments Malan Realty Investors, Inc. Equity Retail Strip Centers Liberty Property Trust Equity Industrial/Office Diversified Capstone Capital Corporation Equity Health Care Health Care First Industrial Realty Trust, Inc. Equity Industrial/Office Industrial Charles E. Smith Residential Realty Equity Residential Apartments First Washington Realty Trust, Inc. Equity Retail Strip Centers Apartment Investment & Management Co. Equity Residential Apartments FelCor Lodging Trust Incorporated Equity Specialty Hotels Paragon Group, Inc. Equity Residential Apartments Home Properties of New York, Inc. Equity Residential Apartments Evans Withycombe Residential, Inc. Equity Residential Apartments Weeks Corporation Equity Industrial/Office Industrial Ambassador Apartments, Inc. Equity Residential Apartments Mack-Cali Realty Corporation Equity Industrial/Office Outlet Centers Innkeepers USA Trust Equity Specialty Hotels Storage Trust Realty Equity Industrial/Office Self Storage Humphrey Hospitality Trust, Inc. Equity Specialty Hotels Reckson Associates Realty Corp. Equity Industrial/Office Diversified Sovran Self Storage Equity Industrial/Office Self Storage Redwood Trust, Inc. Mortgage Residential Apartments Sunstone Hotel Investors, Inc. Equity Specialty Hotels Hospitality Properties Trust Equity Specialty Hotels Wyndham International, Inc. Equity Specialty Hotels Stonehaven Realty Trust Equity Residential Apartments Impac Mortgage Holdings Inc. Mortgage Mortgage Backed Mortgage Backed Host Funding, Inc. Equity Specialty Hotels American General Hospitality Corp. Equity Specialty Hotels Arden Realty Group, Inc. Equity Industrial/Office Office Security Capital Atlantic Equity Residential Apartments Prentiss Properties Trust Equity Industrial/Office Office Boykin Lodging Company Equity Specialty Hotels Kilroy Realty Corporation Equity Industrial/Office Office Golf Trust of America, Inc. Equity Specialty Triple Net Lease Cornerstone Properties Inc. Equity Industrial/Office Office Cornerstone Realty Income Trust Equity Residential Apartments Great Lakes REIT Equity Industrial/Office Office Ocwen Asset Investment Corporation Mortgage Mortgage Backed Mortgage Backed Westfield America, Inc. Equity Retail Regional Malls Alexandria Real Estate Equities, Inc. Equity Industrial/Office Office Boston Properties, Inc. Equity Industrial/Office Office Equity Office Properties Trust Equity Industrial/Office Office Prison Realty Trust, Inc. Equity Specialty Triple Net Lease Impac Commercial Holdings Inc. Mortgage Diversified Diversified Pan Pacific Retail Properties, Inc. Equity Retail Strip Centers SL Green Realty Corp. Equity Industrial/Office Office Hanover Capital Mortgage Holdings Inc. Mortgage Mortgage Backed Mortgage Backed Annaly Mortgage Management, Inc. Mortgage Mortgage Backed Mortgage Backed Tower Realty Trust Inc. Equity Industrial/Office Office Imperial Credit Commercial Mortgage Investment Cor Mortgage Mortgage Backed Mortgage Backed American Residential Investment Trust Inc. Mortgage Mortgage Backed Mortgage Backed Novastar Financial Inc. Mortgage Mortgage Backed Mortgage Backed Prime Group Realty Trust Equity Industrial/Office Industrial Captec Net Lease Realty, Inc. Equity Specialty Triple Net Lease Entertainment Properties Trust Equity Specialty Other AMB Property Corp. Equity Industrial/Office Industrial LASER Mortgage Management Inc. Mortgage Mortgage Backed Mortgage Backed Apex Mortgage Capital Inc. Mortgage Mortgage Backed Mortgage Backed RAIT Investment Trust Mortgage Mortgage Backed Mortgage Backed ElderTrust Equity Health Care Health Care Cabot Industrial Trust Equity Industrial/Office Industrial Capital Automotive REIT Equity Specialty Anworth Mortgage Asset Corp. Mortgage Mortgage Backed Mortgage Backed United Investors Realty Trust Equity Retail Strip Centers Anthracite Capital Inc. Mortgage Diversified Diversified Wilshire Real Estate Investment Trust, Inc. Mortgage Mortgage Backed Mortgage Backed Chastain Capital Corp. Mortgage Diversified Diversified Correctional Properties Trust Equity Specialty LaSalle Hotel Properties Equity Lodging/Resorts Amresco Capital Trust Mortgage Diversified Diversified Philips International Realty Corp. Equity Retail Strip Centers Equity One, Inc. Equity Retail Strip Centers Clarion Commercial Holdings Inc. Mortgage Mortgage Backed Mortgage Backed Capital Alliance Income Trust Mortgage Mortgage Backed Mortgage Backed American Community Properties Trust Equity Residential Apartments Hersha Hospitality Trust Equity Lodging/Resorts Pinnacle Holdings Inc. Equity Specialty Heritage Property Investment Trust Equity Retail Shopping Centers Windrose Medical Properties Trust Equity Health Care Newcastle Investment Corporation Mortgage Mortgage Backed Commercial Financing Maguire Properties, Inc. Equity Industrial/Office Office American Financial Realty Trust Equity Specialty Gladstone Commercial Corporation Equity Ashford Hospitality Trust Hybrid Lodging/Resorts First Potomac Realty Trust Equity Industrial/Office Office Cedar Shopping Centers Equity Retail Shopping Centers Highland Hospitality Corporation Equity Lodging/Resorts Falcon Financial Investment Trust Mortgage Mortgage Backed Commercial Financing Government Properties Trust Equity Industrial/Office Office Affordable Residential Communities Equity Residential Manufactured Homes Sunset Financial Resources Inc. Mortgage Mortgage Commercial Financing Capital Lease Funding, Inc. Mortgage Mortgage Commercial Financing Arbor Realty Trust Inc. Mortgage Mortgage Commercial Financing Origen Financial, Inc. Mortgage Mortgage Home Financing Global Signal, Inc. Equity Specialty New York Mortgage Trust, Inc. Mortgage Mortgage Home Financing Strategic Hotel Capital, Inc. Equity Lodging/Resorts HomeBanc Corporation Mortgage Mortgage Home Financing Gramercy Capital Corporation Mortgage Mortgage Home Financing MortgageIT Holdings, Inc. Mortgage Mortgage Home Financing BioMed Realty Trust Equity Industrial/Office Office Kite Realty Group Trust Equity Retail Shopping Centers American Campus Communities, Inc. Equity Specialty Extra Space Storage Inc. Equity Self Storage Bimini Mortgage Management, Inc Mortgage Mortgage Home Financing Saxon Capital, Inc. Mortgage Mortgage Home Financing Eagle Hospitality Properties Trust Equity Lodging/Resorts New Century Financial Corporation Mortgage Mortgage Home Financing Sunstone Hotel Investors Equity Lodging/Resorts U-Store-It Trust Equity Self Storage NorthStar Realty Finance Corporation Mortgage Mortgage Commercial Financing GMH Communities Trust Equity Specialty Digital Realty Trust Inc. Equity Industrial/Office Office Aames Investment Corporation Mortgage Mortgage Home Financing Feldman Mall Properties, Inc. Equity Retail Regional Malls Spirit Finance Corporation Equity Diversified MHI Hospitality Corporation Equity Lodging/Resorts Education Realty Trust, Inc. Equity Residential Apartments ECC Capital Corporation Mortgage Mortgage Home Financing DiamondRock Hospitality Company Equity Lodging/Resorts KKR Financial Mortgage Mortgage Home Financing Deerfield Triarc Capital Corporation Mortgage Mortgage Commercial Financing Columbia Equity Trust, Inc. Equity Industrial/Office Office Medical Properties Trust Equity Health Care JER Investors Trust Mortgage Mortgage Commercial Financing Cogdell Spencer Inc. Equity Health Care Newkirk Realty Trust, Inc. Equity Diversified Republic Property Trust Equity Industrial/Office Office Resource Capital Corporation Mortgage Mortgage Home Financing Crystal River Capital, Inc. Mortgage Mortgage Home Financing CBRE Realty Finance, Inc. Mortgage Mortgage Commercial Financing Douglas Emmett, Inc. Equity Industrial/Office Office DCT Industrial Trust Inc. Equity Industrial/Office Industrial Quadra Realty Trust, Inc. Mortgage Mortgage Commercial Financing Care Investment Trust Inc. Mortgage Mortgage Commercial Financing DuPont Fabros Technology, Inc. Equity Specialty Chimera Investment Corporation Mortgage Mortgage Home Financing Hatteras Financial Corporation Mortgage Mortgage Home Financing American Capital Agency Corporation Mortgage Mortgage Home Financing Government Properties Income Trust Equity Industrial/Office Office Cypress Sharpridge Investments, Inc. Mortgage Mortgage Home Financing Invesco Mortgage Capital Mortgage Mortgage Home Financing PennyMac Mortgage Investment Trust Mortgage Mortgage Home Financing Starwood Property Trust, Inc. Mortgage Mortgage Commercial Financing CreXus Investment Corp. Mortgage Mortgage Commercial Financing Colony Financial Mortgage Mortgage Commercial Financing Apollo Commercial Real Estate Finance Mortgage Mortgage Commercial Financing Pebblebrook Hotel Trust Equity Lodging/Resorts Chesapeake Lodging Trust Equity Lodging/Resorts Terreno Realty Corporation Equity Industrial/Office Industrial Piedmont Office Realty Trust, Inc. Equity Industrial/Office Office Chatham Lodging Trust Equity Lodging/Resorts Excel Trust, Inc. Equity Retail Shopping Centers Hudson Pacific Properties, Inc. Equity Industrial/Office Office Whitestone REIT Equity Diversified CoreSite Realty Corporation Equity Specialty Campus Crest Communities, Inc. Equity Residential Apartments American Assets Trust, Inc. Equity Diversified Summit Hotel Properties, Inc. Equity Lodging/Resorts Preferred Apartment Communities, Inc. Equity Residential Apartments Chairman City State Filedate Compdate Underwriter 1 Sol Price 11-Oct-91 Lehman Brothers MILTON COOPER 22-Nov-91 Merrill Lynch & Co. 23-Dec-91 John G. Kinnard and Company ROBERT PARKER 07-Aug-92 Bear, Stearns & Co, Inc. ANDRE DIMITRIADIS 17-Aug-92 NatWest Securities JOHN SCHNEIDER 09-Oct-92 NatWest Securities MARVIN WILLIAMS 12-Nov-92 Smith Barney Inc. JEFFREY LYNFORD 19-Nov-92 Merrill Lynch & Co. ROBERT LARSON 20-Dec-92 Morgan Keegan & Company THOMAS CROCKER 16-Oct-92 21-Jan-93 GKN Securities BERT WOLSTEIN 23-Nov-92 21-Jan-93 Dean Witter Reynolds OLIVER T. CARR JR WASHINGTON DC 23-Oct-92 08-Feb-93 Merrill Lynch & Co. RANDALL ROWE 21-Dec-92 24-Feb-93 Merrill Lynch & Co. MARTIN BUCKSBAUM 31-Dec-92 08-Apr-93 Goldman, Sachs & Co. STEVEN ROTH 31-Mar-93 07-May-93 Merrill Lynch & Co. DAVID EMORY 02-Apr-93 26-May-93 Donaldson, Lufkin & Jenrette JAY SHIDLER/ROBERT HOLMAN JR. 18-Mar-93 26-May-93 Merrill Lynch & Co. MARVIN SLOMOWITZ 05-May-93 26-May-93 Kidder, Peabody & Co. STANLEY K. TANGER 31-Mar-93 27-May-93 Merrill Lynch & Co. J. DIXON FLEMING, JR. 02-Apr-93 03-Jun-93 Smith Barney Inc. DAVID M. KELLY 08-Apr-93 11-Jun-93 Oppenheimer & Co., Inc. JOHN A. WILLIAMS 30-Apr-93 15-Jul-93 Merrill Lynch & Co. RICHARD J. CAMPO 28-May-93 22-Jul-93 Kidder, Peabody & Co. GARY B. SABIN 21-May-93 04-Aug-93 Merrill Lynch & Co. ROBERT M. SOLMSON 02-Jun-93 06-Aug-93 Morgan Keegan & Company FRANK J. PASQUERILLA JOHNSTOWN PA 17-May-93 09-Aug-93 Kidder, Peabody & Co. DAVID G. PRICE 20-May-93 11-Aug-93 Morgan Keegan & Company SAMUEL ZELL 21-May-93 11-Aug-93 Merrill Lynch & Co. ALFRED LERNER 21-May-93 17-Aug-93 Goldman, Sachs & Co. GARY P. MCDANIEL 27-May-93 19-Aug-93 Kidder, Peabody & Co. B. FRANCIS SAUL II 16-Jun-93 19-Aug-93 Smith Barney Inc. LEROY E. HOFFBERGER 22-Jul-93 31-Aug-93 NatWest Securities THOMAS LOWDER 13-Jul-93 22-Sep-93 Lehman Brothers KENNETH L. TUCKER 24-Jun-93 05-Oct-93 Kidder, Peabody & Co. NEIL G. BLUHM/ JUDD D. MAKIN 15-Jun-93 06-Oct-93 Merrill Lynch & Co. ALAN GLEN 16-Jul-93 14-Oct-93 J.P. Morgan ROBERT V. JONES 18-Aug-93 14-Oct-93 Kidder, Peabody & Co. CHARLES E. BLOOM 25-Aug-93 26-Oct-93 Merrill Lynch & Co. CHARLES B LEBOWITZ 12-Aug-93 27-Oct-93 Goldman, Sachs & Co. JOAN W. STEIN 11-Aug-93 29-Oct-93 Salomon Brothers JEFFREY A. KERR 03-Sep-93 01-Nov-93 Smith Barney Shearson Inc. EVAN ZUCKER 21-May-93 03-Nov-93 Dickinson & Company JEFFREY I. FRIEDMAN 02-Sep-93 10-Nov-93 Dean Witter Reynolds RICHARD L. MICHAUX 31-Aug-93 11-Nov-93 Kidder, Peabody & Co. WARREN E. SPIEKER, JR. 26-Aug-93 11-Nov-93 Goldman, Sachs & Co. JOHN A. BALL 21-Sep-93 16-Nov-93 Merrill Lynch & Co. DONALD BREN 15-Sep-93 01-Dec-93 Morgan Keegan & Company MARTIN BARBER 30-Sep-93 03-Dec-93 NatWest Securities MILTON M. SHIFFMAN 24-Sep-93 08-Dec-93 Lehman Brothers DANIEL GOTTLIEB/STEVEN LEBOWITZ 17-Sep-93 09-Dec-93 Nomura Securities International MELVIN SIMON 23-Sep-93 13-Dec-93 Merrill Lynch & Co. FREDERIC M. ROSEMORE 25-Jun-93 17-Dec-93 Oppenheimer & Co., Inc. ALEXANDER HAAGEN, SR. 12-Oct-93 20-Dec-93 NatWest Securities RICHARD BLOCH 14-Oct-93 21-Dec-93 Prudential Securities, Inc. JOHN PRICE 15-Sep-93 13-Jan-94 Merrill Lynch & Co. HERBERT GLIMCHER 30-Sep-93 19-Jan-94 PaineWebber Incorporated MARCUS E. BROMLEY 19-Oct-93 19-Jan-94 Merrill Lynch & Co. THOMAS KITCHIN 02-Nov-93 26-Jan-94 Commonwealth Associates GEORGE E. CATES 24-Sep-93 28-Jan-94 Morgan Keegan & Company Rockville MD 31-Jan-94 Private Placement DON DASEKE 08-Oct-93 02-Feb-94 Salomon Brothers GREGORY T. MUTZ 12-Nov-93 08-Feb-94 Merrill Lynch & Co. WILLIAM B. MCGUIRE, JR. 03-Dec-93 08-Feb-94 Morgan Keegan & Company GLENN CARPENTER 24-Sep-93 10-Feb-94 Alex. Brown & Sons PHILLIP H. MCNEILL, SR. 23-Dec-93 23-Feb-94 Morgan Keegan & Company MACE SIEGEL 17-Sep-93 09-Mar-94 Lehman Brothers GILBERT G. MEYER 07-Dec-93 10-Mar-94 Kidder, Peabody & Co. MICHAEL RESCHKE 08-Sep-93 15-Mar-94 Friedman, Billings, Ramsey DEAN JERNIGAN 28-Feb-94 16-Mar-94 Morgan Keegan & Company J. DONALD NICHOLS 30-Dec-93 22-Mar-94 Alex. Brown & Sons WILLIAM D. SANDERS 23-Dec-93 05-Apr-94 HERBERT S. MILLER 10-Nov-93 14-Apr-94 Merrill Lynch & Co. EDWARD DEBARTOLO 14-Sep-93 14-Apr-94 Morgan Keegan & Company RICHARD AGREE 06-Jan-94 15-Apr-94 Raymond James & Associates JOHN C. GOFF 11-Feb-94 28-Apr-94 Merrill Lynch & Co. EDWIN N. SIDMAN 10-Mar-94 21-May-94 Merrill Lynch & Co. CHARLES M. WINSTON 18-Mar-94 24-May-94 Morgan Keegan & Company GEORGE M. MARCUS 17-Mar-94 06-Jun-94 Merrill Lynch & Co. O. TEMPLE SLOAN 28-Mar-94 07-Jun-94 Merrill Lynch & Co. DAMON NAVARRO 17-May-94 15-Jun-94 Barclay Investments ANTHONY S. GRAMER 12-Nov-93 16-Jun-94 NatWest Securities WILLIAM G. ROUSE III 20-May-94 16-Jun-94 Kidder, Peabody & Co. RICHARD SCRUSHY 01-Jun-94 23-Jun-94 Smith Barney Inc. JAY H. SHIDLER 18-Apr-94 23-Jun-94 Merrill Lynch & Co. ROBERT H. SMITH 14-Feb-94 24-Jun-94 Goldman, Sachs & Co. Bethesda MD 27-Jun-94 Private Placement TERRY CONSIDINE 06-May-94 21-Jul-94 Smith Barney Inc. HARVEY FELDMAN 23-May-94 21-Jul-94 Morgan Keegan & Company WILLIAM R. COOPER 15-Jun-94 21-Jul-94 Merrill Lynch & Co. NORMAN P. LEENHOUTS 12-May-94 27-Jul-94 Salomon Brothers STEVEN O. EVANS 10-Jun-94 10-Aug-94 Merrill Lynch & Co. A. RAY WEEKS, JR. 15-Jun-94 19-Aug-94 Goldman, Sachs & Co. MICHEAL W. RESCHKE 20-Apr-94 23-Aug-94 Friedman, Billings, Ramsey JOHN J. CALI 07-Jun-94 24-Aug-94 Prudential Securities, Inc. JEFFREY FISHER 08-Jul-94 23-Sep-94 Morgan Keegan & Company GORDAN BURNHAM 19-Aug-94 07-Nov-94 Kemper Securities, Inc. James I Humphrey, Jr. 17-Nov-94 Anderson & Strudwick Incorporated Donald Rechler 25-May-95 Merrill Lynch & Co. Robert J. Attea 21-Jun-95 PaineWebber Incorporated George E. Bull III 04-Aug-95 Montgomery Securities Robert A. Alter 11-Aug-95 Montgomery Securities Gerard Martin 17-Aug-95 Donaldson, Lufkin & Jenrette Paul A. Nussbaum 29-Sep-95 PaineWebber Incorporated Arnold Leas 25-Oct-95 Private Placement H. Wayne Snavely Santa Ana CA 20-Nov-95 PaineWebber Incorporated Michael S. McNulty La Jolla CA 17-Mar-96 La Jolla Securities Steve Jorns Dallas TX 25-Jul-96 Smith Barney Inc. Richard S. Ziman Beverly Hills CA 04-Oct-96 Lehman Brothers James C. Potts Atlanta GA 14-Oct-96 Goldman, Sachs & Co. Michael V. Prentiss Dallas TX 17-Oct-96 Lehman Brothers Raymond P. Heitland Cleveland OH 29-Oct-96 Lehman Brothers John B. Kilroy, Sr. El Segundo CA 28-Jan-97 Prudential Securities, Inc. W. Bradley Blair, II Charleston SC 06-Feb-97 Robertson, Stephens & Co. John S. Moody New York NY 15-Apr-97 Merrill Lynch & Co. Glade M. Knight Richmond VA 18-Apr-97 Alex. Brown & Sons Richard A. May Oak Brook IL 28-Feb-97 07-May-97 Lehman Brothers William C. Erbey West Palm Beach FL 14-May-97 Friedman, Billings, Ramsey Frank P. Lowy Los Angeles CA 15-May-97 Merrill Lynch & Co. Jerry M. Sudarsky Pasadena CA 29-May-97 PaineWebber Incorporated Mortimer B. Zuckerman Boston MS 17-Jun-97 Merrill Lynch & Co. Samuel Zell Chicago IL 07-Jul-97 Merrill Lynch & Co. Doctor R. Crants Nashville TN 15-Jul-97 J.C. Bradford & Co. Joseph R. Tomkinson Santa Ana Heigh CA 05-Aug-97 PaineWebber Incorporated Stuart A. Tanz Vista CA 07-Aug-97 Prudential Securities, Inc. Stephen L. Green New York NY 14-Aug-97 Lehman Brothers John A. Burchett New York NY 15-Sep-97 Stifel, Nicolaus & Co. Michael A.J. Farrell Weehawken NJ 08-Oct-97 Friedman, Billings, Ramsey Lawerence H. Feldman New York NY 09-Oct-97 Merrill Lynch & Co. H. Wayne Snavely Torrance CA 17-Oct-97 Friedman, Billings, Ramsey John M. Robbins Del Mar CA 28-Oct-97 PaineWebber Incorporated Scott F. Hartman Westwood KS 30-Oct-97 Stifel, Nicolaus & Co. Michael W. Reschke Chicago IL 11-Nov-97 Prudential Securities, Inc. Patrick L. Beach Ann Arbor MI 13-Nov-97 CS First Boston Peter C. Brown Kansas City MO 18-Nov-97 Goldman, Sachs & Co. T. Robert Burke San Francisco CA 21-Nov-97 Morgan Stanley Dean Witter Michael L. Smirlock Short Hills NJ 25-Nov-97 Bear, Stearns & Co. Marc I. Stern Los Angeles CA 03-Dec-97 Merrill Lynch & Co. Betsy Z. Cohen Philadelphia PA 08-Sep-97 12-Jan-98 Friedman, Billings, Ramsey Michael R. Walker Kennett Square PA 08-Oct-97 30-Jan-98 Merrill Lynch & Co. Ferdinand Colloredo-Mansfeld Boston MA 21-Oct-97 04-Feb-98 J.P. Morgan John J. Pohanka Arlington VA 26-Nov-97 19-Feb-98 Friedman, Billings, Ramsey Lloyd McAdams Santa Monica CA 24-Oct-97 12-Mar-98 Cruttenden Roth Incorporated Robert W. Scharar Houston TX 18-Jun-97 13-Mar-98 Morgan Keegan & Co., Inc. Laurence D. Fink New York NY 21-Nov-97 27-Mar-98 Friedman, Billings, Ramsey Andrew A. Wiederhorn Portland OR 30-Oct-97 06-Apr-98 Friedman, Billings, Ramsey Matthew Banks Atlanta GA 18-Dec-97 28-Apr-98 Friedman, Billings, Ramsey George C. Zoley FL Palm Beach Gardens 20-Feb-98 28-Apr-98 Salomon Smith Barney Stuart L. Scott New York NY 05-Feb-98 29-Apr-98 Prudential Securities, Inc. Robert L. Adair III Dallas TX 03-Feb-98 12-May-98 Prudential Securities, Inc. Philip Pilevsky New York NY 13-Mar-98 13-May-98 Prudential Securities, Inc. Chaim Katzman Miami Beach FL 20-Aug-97 19-May-98 Credit Suisse First Boston Frank L. Sullivan, Jr. New York NY 13-Mar-98 28-May-98 Bear, Stearns & Co, Inc. Thomas B. Swartz San Francisco CA 09-Sep-96 01-Oct-98 Best Efforts Offering J. Michael Wilson St. Charles MD 07-Aug-98 06-Oct-98 Private Placement Hasu P. Shah Philadelphia PA 05-Jun-98 22-Jan-99 Anderson & Strudwick Incorporated Robert Wolsey Sarasota FL 19-Feb-99 BT Alex.Brown Incorporated Thomas Prendergast Boston MA 07-Sep-01 23-Apr-02 Merrill Lynch & Co. Fred Klipsch Indianapolis IN 16-Aug-02 Ferris, Baker, Watts, Inc. Wesley Edens New York NY 10-Oct-02 Bear, Stearns & Co, Inc. Robert F. Maguire III Los Angeles CA 12-Nov-02 24-Jun-03 Credit Suisse First Boston Lewis S. Ranieri Jenkintown PA 28-Feb-03 24-Jun-03 Bank of America David Gladstone McLean VA 13-Aug-03 Ferris, Baker, Watts Montgomery J. Bennett Dallas TX 26-Aug-03 Friedman, Billings, Ramsey Douglas J. Donatelli Bethesda MD 20-Oct-03 22-Oct-03 Ferris, Baker, Watts Leo S. Ullman Port Washington NY 13-Aug-03 24-Oct-03 Merrill Lynch Bruce Wardinski McLean VA 15-Dec-03 Friedman, Billings, Ramsey Vernon B. Schwartz Stamford CT 17-Dec-03 Friedman, Billings, Ramsey Jerry Bringard Omaha NE 27-Jan-04 Friedman, Billings, Ramsey Scott Jackson Denver CO 11-Feb-04 Citigroup John Watson Jacksonville FL 18-Mar-04 WR Hambrecht + Co Lewis Ranieri New York NY 18-Mar-04 Friedman, Billings, Ramsey Ivan Kaufman Uniondale NY 07-Apr-04 Wachovia Securities Paul Halpem Southfield MI 05-Feb-04 07-May-04 Lehman Brothers Inc. Wesley Edens Sarasota FL 31-Dec-03 24-Jun-04 Raymond James Steven Schnall New York NY 31-Dec-03 24-Jun-04 Friedman Billings Ramsey & Co. John Deterding Chicago IL 13-Feb-04 24-Jun-04 Goldman Sachs & Co. Patrick Flood Atlanta GA 14-Jul-04 JP Morgan Stephen L. Green New York NY 27-Jul-04 Wachovia Securities Doug Naidus New York NY 29-Jul-04 UBS Investment Bank Alan D. Gold San Diego CA 06-Aug-04 Raymond James John A. Kite Indinanapolis IN 10-Aug-04 Lehman Brothers R. Burck Austin TX 26-Apr-04 11-Aug-04 Citigroup Kenneth Woolley Salt Lake City UT 13-May-04 12-Aug-04 UBS Investment Bank Jeffrey Zimmer Vero Beach FL 16-Sep-04 Flagstone Securities LLC Richard Kraemer Glen Allen VA 20-Sep-04 Friedman, Billings, Ramsey Covington KY 30-Sep-04 A.G. Edwards & Sons Robert Cole Irvine CA 24-Sep-04 01-Oct-04 UBS Investment Bank Lewis Wolff San Clemente CA 20-Oct-04 Citigroup Global Markets Robert Amsdell Cleveland OH 21-Oct-04 Lehman Brothers W. Edward Scheetz New York NY 26-Oct-04 Friedman, Billings, Ramsey Gary Holloway Newton Square PA 28-Oct-04 Banc of America Securities LLC Richard Magnuson Menlo Park CA 29-Oct-04 Citigroup Global Markets Mani Sadeghi Los Angeles CA 08-Nov-04 Friedman, Billings, Ramsey Larry Feldman Phoenix AZ 16-Dec-04 Friedman, Billings, Ramsey Morton H. Fleischer Scottsdale AZ 16-Dec-04 Banc of America Securities LLC Andrew Sims Williamsburg VA 17-Dec-04 BB&T Capital Markets Paul Bower Memphis TN 25-Jan-05 J.P. Morgan Steven Holder Irvine CA 15-Feb-05 Friedman, Billings, Ramsey William McCarten Bethesda MD 26-May-05 Citigroup Global Markets Paul Hazen San Francisco CA 23-Jun-05 Citigroup Global Markets 29-Jun-05 Credit Suisse First Boston Oliver T. Carr III Washington DC 30-Jun-05 30-Jun-05 Wachovia Securities Edward K. Aldag, Jr. Birmingham AL 05-Jul-05 08-Jul-05 Friedman, Billings, Ramsey & Co Joseph E. Robert, Jr. McLean VA 11-Jul-05 13-Jul-05 Friedman, Billings, Ramsey & Co Charlotte NC 31-Oct-05 Banc of America Securities Michael Ashner Boston MA 02-Nov-05 Bear Sterns & Co. Mark R. Keller Washington DC 14-Dec-05 Bear Sterns & Co. Edward E. Cohen New York NY 06-Feb-06 Credit Suisse First Boston Bruce Robertson New York NY 28-Jul-06 Deutsche Bank Raymond E. Wirta Hartford CT 03-Oct-06 Citigroup Global Markets Dan A. Emmett Santa Monica CA 24-Oct-06 Lehman Brothers Thomas G. Wattles Denver CO 13-Dec-06 ML Pierce Fenner & Smith Inc Robert H. Mundheim New York NY 14-Feb-07 Credit Suisse Secs (USA) LLC Kirk E. Gorman New York NY 22-Jun-07 Credit Suisse Secs (USA) LLC Lammot J. du Pont Washington DC 18-Oct-07 Lehman Brothers Inc. Paul Donlin New York NY 15-Nov-07 Merrill Lynch Pierce Fenner Michael R. Hough Winston Salem NC 25-Apr-08 Keefe Bruyette & Woods Inc. Malon Wilkus Bethesda MD 11-Feb-08 15-May-08 Citigroup Global Markets Inc. Barry M. Portnoy Newton MA 28-May-09 02-Jun-09 Merrill Lynch Pierce Fenner Kevin E. Grant New York NY 19-Apr-07 11-Jun-09 Barclays Capital Inc. Neil Williams Atlanta GA 16-Jun-09 26-Jun-09 Credit Suisse Securities (USA) LLC Stanford L. Kurland Calabasas CA 29-Jul-09 Merrill Lynch Pierce Fenner Barry S. Sternlicht Greenwich CT 11-Aug-10 Merrill Lynch Pierce Fenner Patrick Corcoran New York NY 16-Sep-09 Deutsche Bank Securities Inc. Thomas J. Barrack Los Angeles CA 23-Sep-09 Merrill Lynch Pierce Fenner Henry R. Silverman New York NY 23-Sep-09 J.P. Morgan Securities Jon E. Bortz Bethesda MD 08-Dec-09 Merrill Lynch Pierce Fenner James Francis Fairfield NJ 21-Jan-10 J.P. Morgan Securities Inc. Blake Baird San Francisco CA 9-Feb-10 Goldman Sachs & Co. W. Wayne Woody Johns Creek GA 9-Feb-10 J.P. Morgan Securities Inc. Jeffrey H. Fisher Palm Beach FL 15-Apr-10 Barclays Capital Inc. Gary B. Sabin San Diego CA 22-Apr-10 Barclays Capital Inc. Victor J. Coleman Los Angeles CA 23-Jun-10 Merrill Lynch Pierce Fenner James C. Mastandrea Houston TX 25-Aug-10 Wunderlich Securities Inc. Thomas M. Ray Denver CO 22-Sep-10 Citigroup Global Markets Inc. Ted W. Rollins Charlotte NC 14-Oct-10 Barclays Capital Inc. Ernest Rady San Diego CA 12-Jan-11 Merrill Lynch Pierce Fenner Kerry W. Boekelheide Sioux Falls SD 8-Feb-11 Deutsche Bank Securities Inc. John A. Williams Atlanta GA 31-Mar-11 Wunderlich Securities Inc. Underwriter 2 Underwriter 3 Underwriter 4 Smith Barney Inc. Dean Witter Reynolds Miller Johnson & Kuehn, Inc. Kemper Securities, Inc. Oppenheimer & Co., Inc. Oppenheimer & Co., Inc. PaineWebber Incorporated Kemper Securities, Inc. Kidder, Peabody & Co. Alex. Brown & Sons Dean Witter Reynolds Alex. Brown & Sons McDonald & Company Securities Prudential Securities Incorporated Lehman Brothers Legg Mason Wood Walker Lehman Brothers Kidder, Peabody & Co. Lehman Brothers PaineWebber Incorporated Alex. Brown & Sons Dean Witter Reynolds Smith Barney Inc. Equitable Securities Corporation PaineWebber Incorporated PaineWebber Incorporated Bear, Stearns & Co, Inc. PaineWebber Incorporated Robinson-Humphrey Company Bear, Stearns & Co, Inc. CS First Boston Prudential Securities Incorporated Dean Witter Reynolds Robinson-Humphrey Company NatWest Securities PaineWebber Incorporated Legg Mason Wood Walker Dean Witter Reynolds PaineWebber Incorporated Legg Mason Wood Walker UBS Securities CS First Boston Smith Barney Inc. Bear, Stearns & Co, Inc. PaineWebber Incorporated J.C. Bradford & Co. Morgan Keegan & Company Merrill Lynch & Co. Legg Mason Wood Walker Wheat First Butcher & Singer Bear, Stearns & Co, Inc. Merrill Lynch & Co. Robinson-Humphrey Company PaineWebber Incorporated A.G. Edwards Lehman Brothers Morgan Stanley & Company A.G. Edwards Dean Witter Reynolds PaineWebber Incorporated Bear, Stearns & Co, Inc. A.G. Edwards PaineWebber Incorporated Raymond James & Associates Robinson-Humphrey Company Bear, Stearns & Co, Inc. McDonald & Company Securities Prudential Securities Incorporated Alex. Brown & Sons Merrill Lynch & Co. McDonald & Company Securities Goldman, Sachs & Co. Smith Barney Inc. Dean Witter Reynolds Merrill Lynch & Co. PaineWebber Incorporated Dean Witter Reynolds Bear, Stearns & Co, Inc. A.G. Edwards Smith Barney Inc. Montgomery Securities McDonald & Company Securities Wheat First Butcher & Singer Prudential Securities Incorporated McDonald & Company Securities Gruntal & Co., Incorporated Sutro & Co., Incorporated Bear, Stearns & Co, Inc. CS First Boston Lehman Brothers Fahnestock & Co. Rauscher Pierce Refsnes, Inc. CS First Boston Kemper Securities, Inc. Oppenheimer & Co., Inc. PaineWebber Incorporated Robinson-Humphrey Company Dain Bosworth Incorporated Piper Jaffray Inc. Goldman, Sachs & Co. Smith Barney Inc. Prudential Securities Incorporated Dean Witter Reynolds Robinson-Humphrey Company Raymond James & Associates J.C. Bradford & Co. Raymond James & Associates The Principal/ Eppler, Guerin & Turner Lehman Brothers Dean Witter Reynolds Prudential Securities Incorporated Robinson-Humphrey Company Interstate/Johnson Lane Prudential Securities Incorporated Crowell, Weedon & Co. Merrill Lynch & Co. Dean Witter Reynolds Dean Witter Reynolds Montgomery Securities Kemper Securities, Inc. A.G. Edwards J.C. Bradford & Co. Equitable Securities Corporation CS First Boston Smith Barney Inc. Legg Mason Wood Walker Prudential Securities Incorporated McDonald & Company Securities Kidder, Peabody & Co. Lehman Brothers PaineWebber Incorporated Prudential Securities Incorporated Robinson-Humphrey Company Scott & Stringfellow First Albany Corporation Wheat First Butcher & Singer A.G. Edwards Lehman Brothers Prudential Securities Incorporated PaineWebber Incorporated First Michigan Corporation Prudential Securities Incorporated A.G. Edwards Legg Mason Wood Walker PaineWebber Incorporated PaineWebber Incorporated Salomon Brothers Alex. Brown & Sons Montgomery Securities CS First Boston Dean Witter Reynolds A.G. Edwards Oppenheimer & Co., Inc. First Albany Corporation Advest, Inc. Morgan Stanley & Company Smith Barney Inc. Dean Witter Reynolds Robinson-Humphrey Company Nomura Securities International PaineWebber Incorporated Smith Barney Inc. Morgan Keegan & Company dwick Incorporated PaineWebber Incorporated Alex. Brown & Sons Bear, Stearns & Co, Inc. Smith Barney Inc. A.G. Edwards Stifel, Nicolaus & Company, Inc. Dean Witter Reynolds Prudential Securities Smith Barney, Inc. Montgomery Securities Salomon Brothers Inc. Smith Barney, Inc. Oppenheimer & Co., Inc. McDonald & Company Stiefel, Nicolaus & Company Legg Mason Wood Walker, Inc. Prudential Securities Inc. Robinson-Humpherey Company Inc. Alex. Brown & Sons, Inc. Dean Witter Reynolds, Inc. A.G. Edwards & Sons, Inc. Dean Witter Reynolds Inc. J.P. Morgan Securities Inc. Prudential Securities Incorporated Alex. Brown & Sons Incorporated Prudential Securities Incorporated A.G. Edwards & Sons Incorporated Alex. Brown & Sons Dean Witter Reynolds, Inc. A.G. Edwards & Sons Incorporated Donaldson, Lufkin & Jenrette J.P. Morgan & Co. Smith Barney, Inc. Wheat First Butcher Singer Dean Witter Reynolds Lazard Freres & Co. Lehman Brothers Branch, Cabell & Company I Friedman, Billings, Ramsey & Co.nterstate/Johnson Lane A.G. Edwards & Sons Smith Barney, Inc. EVEREN Securities, Inc. EVEREN Securities, Inc. Dean Witter Reynolds, Inc. Furman Selz Goldman, Sachs & Co. Smith Barney, Inc. EVEREN Securities, Inc. Lehman Brothers Goldman, Sachs & Co. Morgan Stanley Dean Witter Lehman Brothers J.P. Morgan & Co. Prudential Securities A.G. Edwards & Sons Legg Mason Wood Walker, Inc. Lehman Brothers Stifel, Nicolaus & Co. EVEREN Securities, Inc. Oppenheimer & Co. Donaldson, Lufkin & Jenrette Smith Barney, Inc. Donaldson, Lufkin & Jenrette Legg Mason Wood Walker, Inc. Prudential Securities, Inc. Montgomery Securities Sutro & Co. Tucker Anthony Legg Mason Wood Walker Morgan Stanley Dean Witter Prudential Securities Incorporated Jefferies and Company Oppenheimer & Co. EVEREN Securities, Inc. Sutro & Co. NationsBanc Montgomerey Securities Friedman, Billings, Ramsey & Co. Smith Barney, Inc. Morgan Keegan & Co. McDonald & Company Securities Prudential Securities, Inc. Bear, Stearns & Co. Morgan Stanley Dean Witter Furman Selz Prudential Securities Incorporated BT Alex. Brown Lehman Brothers NationsBanc Montgomery Securities Friedman, Billings, Ramsey & Co. EVEREN Securities, Inc. PaineWebber Incorporated Stifel, Nicolaus & Co. Sutro & Co. BT Alex. Brown Goldman, Sachs & Co. Goldman, Sachs & Co. Prudential Securities, Inc. Salomon Smith Barney Dain Rauscher Inc. Scott & Stringfellow, Inc. Southwest Securities Lehman Brothers Prudential Securities, Inc. Prudential Securities, Inc. Black & Company EVEREN Securities, Inc. Prudential Securities, Inc. SBC Warburg Dillon Read Inc. Genesis Merchant Group Donaldson, Lufkin & Jenrette Legg Mason Wood Walker, Inc. Morgan Stanley Dean Witter Credit Suisse First Boston ABN AMRO Incorporated J.C. Bradford & Co. Raymond James & Associates Morgan Keegan & Co. The Robinson-Humphrey Company Lehman Brothers dwick Incorporated Salomon Smith Barney Raymond James & Associates, Inc. NationsBanc Montgomery Securities Goldman, Sachs & C0. Morgan Stanley UBS Warburg Morgan Keegan & Company Lehman Brothers Banc of America Securities LLC Friedman, Billings, Ramsey Citigroup Deutsche Bank Bank of America Friedman, Billings, Ramsey Jeffries & Company J.J.B. Hilliard W.L. Lyons Inc Legg Mason Wood Walker Credit Lyonnais Legg Mason Wood Walker Raymond James BB&T Capital Markets Stifel, Nicolaus & Company Flagstone Securities BB&T Capital Markets Flagstone Securities Merrill Lynch Credit Suisse First Boston Morgan Stanley JP Morgan Stifel Nicolaus & Company Wachovia Securities RBC Capital UBS Investment Bank JMP Securities Credit Suisse First Boston J.P. Morgan Securities Inc. RBC Capital Deutsche Bank Securities Inc. Friedman, Billings, Ramsey Lehman Brothers A.G. Edwards & Sons Merrill Lynch Banc of America JMP Securities Merrill Lynch JMP Securities Friedman, Billings, Ramsey KeyBanc Capital Markets Legg Mason Wood Walker Wachovia Securities Goldman Sachs UBS Investment Bank Deutsche Bank Merrill Lynch A.G. Edwards & Sons Bank of America Credit Suisse First Boston JP Morgan Jeffries & Company Wachovia Securities Legg Mason Wood Walker Caylon Securities Friedman, Billings, Ramsey & Co. Merrill Lynch & Company Morgan Stanley Merrill Lynch & Company Merrill Lynch & Company UBS Warburg Friedman, Billings, Ramsey Banc of America Wachovia Securities Bear Sterns Credit Suisse First Boston JP Morgan Merrill Lynch UBS Investment Bank Deutsche Bank Robert W. Baird and Co. A.G. Edwards Ferris, Baker, Watts J.P. Morgan Securities Wachovia Capital Markets Stifel, Nicolaus & Company Banc of America Securities Citigroup Global Markets BB&T Capital Markets Credit Suisse First Boston K Friedman, Billings, Ramsey & Co. eyBanc Capital Wachovia Securities Friedman Billing Ramsey Citigroup Global Markets JP Morgan Wachovia Securities Banc of America Credit Suisse First Boston Deutsche Bank Credit Suisse First Boston Wachovia Capital Markets Merrill Lynch Citigroup Global Markets Wachovia Securities Banc of America Securities Wachovia Capital Markets J.P. Morgan Securities Inc A.G. Edwards & Sons Inc. Merrill Lynch & Co Banc of America Securities LLC Bear Stearns & Co. Inc., UBS Securities LLC Credit Suisse Secs (USA) LLC Deutsche Bank Securities Inc. Banc of America Securities LLC Wachovia Capital Markets LLC JMP Securities LLC Merrill Lynch, Pierce, Fenner & Smith Deutsche Bank Securities Inc. Credit Suisse Securities (USA) LLC Wachovia Capital Markets LLC Morgan Stanley & Co. Citigroup Global Markets Inc. JMP Securities LLC Stifel Nicolaus & Co. Oppenheimer & Co. Morgan Stanley & Co. Incorporated Barclays Capital Inc. Keefe, Bruyette & Woods, Inc. Credit Suisse Secs (USA) LLC Deutsche Bank Securities Inc. JMP Securities LLC Deutsche Bank Securities Inc. Citigroup Global Markets Inc. Barclays Capital Inc. Merrill Lynch Pierce Fenner JMP Securities LLC Keefe Bruyette & Woods Inc. Goldman, Sachs & Co Morgan Stanley & Co. UBS Securities Citigroup Global Markets Inc. Barclays Capital Inc. Wells Fargo Securities Raymond James & Associates Inc Wells Fargo Securities LLC Calyon Securities (USA) Inc. Deutsche Bank Securities Inc. FBR Capital Markets and Co. KeyBanc Capital Markets Inc. Morgan Stanley & Co. FBR Capital Markets and Co. Morgan Keegan & Company, Inc Stifel Nicolaus Morgan Stanley & Co. UBS Securities LLC Wells Fargo Securities Barclays Capital Inc. Morgan Stanley & Co. Ladenburg Thalmann & Co. Merrill Lynch Pierce Fenner RBC Capital Markets Corp. KeyBanc Capital Markets Inc. Citigroup Global Markets Inc. Goldman Sachs & Co. Raymond James & Associates Inc Wells Fargo Securities LLC Morgan Stanley & Co. Robert W. Baird & Co. RBC Capital Markets LLC Underwriter 5 Underwriter 6 Shares Price Total1 Greenshoe Total2 Grand Total 0.00 $0.00 73.00 73.00 6.40 $20.00 128.00 128.00 0.69 $10.00 6.90 6.90 6.10 $21.00 128.10 128.10 15.00 $10.00 150.00 150.00 0.00 $55.00 55.00 55.00 Legg Mason Wood Walker 6.40 $20.00 128.00 128.00 4.00 $21.75 87.00 87.00 26.80 $11.00 294.80 294.80 1.00 $10.20 10.20 10.20 8.00 $22.00 176.00 176.00 6.80 $22.00 149.60 149.60 4.40 $25.75 113.30 113.30 Salomon Brothers 16.50 $22.00 363.00 363.00 5.00 $35.50 177.50 177.50 6.00 $19.50 117.00 117.00 5.16 $24.25 125.11 125.11 7.75 $19.50 151.13 151.13 4.10 $22.50 92.25 92.25 5.30 $23.00 121.90 121.90 Piper Jaffray Inc. 6.64 $23.00 152.72 152.72 9.20 $25.50 234.60 234.60 Robinson-Humphrey Company 7.43 $22.00 163.46 163.46 6.00 $19.75 118.50 118.50 3.46 $10.00 34.60 34.60 24.54 $17.25 423.32 423.32 9.72 $20.38 197.96 197.96 11.50 $26.00 299.00 299.00 13.30 $22.00 292.60 292.60 5.55 $20.00 111.00 111.00 11.40 $20.00 228.00 228.00 3.00 $10.50 31.50 31.50 8.48 $23.00 195.04 195.04 10.72 $18.00 192.96 192.96 Dean Witter Reynolds 11.12 $23.50 261.30 261.30 10.10 $21.50 217.15 217.15 7.80 $21.75 169.65 169.65 9.24 $27.50 254.10 254.10 15.40 $19.50 300.30 300.30 5.60 $19.25 108.20 108.20 8.40 $24.00 201.60 201.60 1.08 $10.00 10.80 10.80 7.30 $22.00 159.50 159.50 Legg Mason Wood Walker 19.50 $20.50 400.50 400.50 20.40 $20.50 418.20 418.20 5.70 $20.00 114.00 114.00 11.80 $17.50 206.50 206.50 3.75 $18.25 68.40 68.40 5.13 $20.00 102.50 102.50 3.68 $18.25 67.20 67.20 PaineWebber Incorporated Dean Witter Reynolds 37.75 $22.25 839.90 839.90 3.00 $15.00 45.00 45.00 Sutro & Co., Incorporated Janney Montgomery Scott 10.80 $18.00 194.40 194.40 6.90 $17.25 119.00 119.00 11.33 $17.50 198.30 198.30 15.83 $20.25 320.50 320.50 8.20 $22.50 184.50 184.50 2.60 $9.00 23.40 23.40 4.00 $19.75 79.00 79.00 62.00 62.00 pler, Guerin & Turner 6.84 $19.25 131.70 131.70 8.90 $20.50 182.50 182.50 10.00 $19.00 190.00 190.00 3.90 $18.25 71.20 71.20 4.45 $10.00 44.50 44.50 12.50 $19.00 237.50 237.50 9.47 $20.00 189.40 189.40 $19.00 250.00 250.00 5.50 $21.75 119.63 119.63 Interstate/Johnson Lane 5.90 $22.00 129.80 129.80 2.39 $11.50 27.50 27.50 14.38 $23.50 337.90 337.90 Dean Witter Reynolds 38.00 $14.75 560.50 560.50 2.50 $19.50 48.80 48.80 12.20 $25.00 305.00 305.00 9.06 $17.00 154.00 154.00 5.50 $10.00 55.00 55.00 6.20 $19.50 120.90 120.90 7.40 $21.00 155.40 155.40 0.50 $11.13 5.60 5.60 3.50 $17.00 59.50 59.50 Robinson-Humphrey Company Wheat First Butcher & Singer 18.20 $20.00 364.00 364.00 5.80 $18.00 104.40 104.40 Legg Mason Wood Walker 15.20 $23.50 357.20 357.20 7.80 $24.00 187.20 187.20 93.00 93.00 9.10 $18.50 168.40 168.40 4.10 $21.25 87.10 87.10 Smith Barney Inc. 12.00 $21.25 255.00 255.00 Wheat First Butcher & Singer 5.40 $19.00 102.60 102.60 8.70 $20.00 174.00 174.00 6.00 $19.25 115.50 115.50 7.82 $16.00 125.00 125.00 10.50 $17.25 181.10 181.10 4.69 $10.00 46.90 46.90 5.76 $17.50 100.80 100.80 1.32 $6.00 7.90 7.90 6.10 $24.25 147.90 147.90 5.89 $23.00 135.50 135.50 3.13 $15.00 46.90 46.90 5.91 $9.50 56.10 56.10 7.50 $25.00 187.50 187.50 12.20 $24.00 292.80 292.80 0.67 $10.00 6.70 6.70 Bear, Sterns & Co. Alex. Brown & Sons, Inc. 3.75 $13.00 48.75 48.75 5.00 $10.00 5.00 5.00 erey Company Inc. 7.50 $17.75 133.13 133.13 Smith Barney, Inc. EVEREN Securities, Inc. 18.85 $20.00 376.95 376.95 ies Incorporated 4.35 $24.00 104.40 104.40 Smith Barney, Inc. Principal Financial Securities 16.14 $20.00 322.86 322.86 EVEREN Securities, Inc. McDonald & Company Securities, Inc. 8.28 $20.00 165.50 165.50 14.38 $23.00 330.63 0.00 0.00 330.63 3.40 $21.00 71.40 71.40 Smith Barney, Inc. BT Securities Corporation 16.10 $14.00 225.40 2.10 29.40 254.80 4.50 $10.50 47.25 0.68 7.09 54.39 5.70 $15.50 88.35 0.86 13.25 101.70 15.00 $16.00 240.00 240.00 Prudential Securities Incorporated Smith Barney, Inc. 18.00 $15.00 270.00 270.00 6.75 $20.00 135.00 1.01 20.00 155.43 PaineWebber Incorporated Bear, Stearns & Co. Inc. 31.40 $25.00 785.00 4.71 117.75 902.75 Smith Barney 25.00 $21.00 525.00 3.75 78.75 603.75 PaineWebber Incorporated Stephens, Inc. 18.50 $21.00 388.50 388.50 5.50 $15.00 82.50 0.83 12.38 94.88 7.00 $19.50 136.50 1.05 20.48 156.98 10.10 $21.00 212.10 212.10 5.00 $15.00 75.00 75.00 8.51 $12.00 102.20 102.17 NationsBanc Montgomery Securities 12.02 $26.00 312.39 312.40 30.00 $15.00 450.00 4.50 67.50 517.50 6.50 $15.00 97.50 97.50 3.75 $18.00 67.50 67.50 12.38 $20.00 247.60 247.60 8.00 $18.00 144.00 144.00 Salomon Brothers 13.80 $20.00 276.00 276.00 Smith Barney, Inc. 14.00 $21.00 294.00 294.00 15.00 $15.00 225.00 225.00 6.70 $15.00 100.50 100.50 2.83 $15.00 42.50 42.50 6.05 $18.00 108.90 108.90 8.63 $20.00 172.50 172.50 20.00 $15.00 300.00 300.00 2.20 $9.00 19.80 19.80 7.60 $10.00 76.00 76.00 20.00 $15.00 300.00 300.00 10.00 $16.00 160.00 160.00 7.38 $15.00 110.70 110.70 SunTrust Equitable Securities 6.20 $20.00 124.00 0.93 18.60 142.60 NationsBanc Montgomery SecuritiesRaymond James & Associates 14.20 $18.00 255.60 255.60 NationsBanc Montgomery SecuritiesPiper Jaffray, Inc. 9.00 $15.00 135.00 135.00 7.20 $17.50 126.00 126.00 4.70 $11.00 51.70 51.70 4.00 $20.00 80.00 80.00 1.48 $8.00 11.88 11.90 5.16 $7.00 36.09 36.10 2.00 $6.00 12.00 12.00 Deutsche Bank Securities 20.00 $14.00 280.00 Legg Mason Wood Walker Incorporated Wachovia Securities 18.00 $25.00 450.00 450.00 5.60 $12.00 67.20 0.00 0.00 67.20 7.00 $13.00 91.00 91.00 UBS Investment Bank Wachovia Securities 36.51 $19.00 693.69 5.48 104.05 797.75 55.95 $12.50 699.40 8.39 104.90 804.30 Stiefel Nicolaus Co. 6.60 $15.00 99.00 0.99 13.81 112.81 22.50 $9.00 202.50 1.73 15.60 218.10 7.50 $15.00 112.50 0.90 112.50 13.50 $11.50 155.25 2.03 155.30 30.00 $10.00 300.00 4.50 342.30 12.50 $9.00 112.50 1.88 102.80 16.80 $10.00 168.00 2.52 25.20 193.20 UBS Investment Bank Wachovia Securities 24.61 $19.00 467.68 3.69 19.00 537.83 10.00 $13.00 130.00 1.75 22.75 152.75 20.00 $10.50 210.00 3.00 31.50 241.50 6.25 $20.00 135.00 0.94 18.75 153.75 8.00 $8.00 64.00 5.07 69.10 7.00 $18.00 126.00 126.00 15.00 $9.00 135.00 135.00 17.76 $14.00 246.40 2.64 34.40 263.50 William Blair & Company LLC KeyBanc Capital Markets 34.25 $7.50 256.88 4.50 33.75 290.70 12.50 $15.00 187.50 1.41 21.09 208.59 14.60 $12.00 175.20 RBC Capital Markets Corporation 27.00 $15.00 405.00 4.05 60.75 465.75 KeyBanc Capital Markets Raymond James 16.30 $13.00 211.90 2.40 31.20 243.10 12.10 $17.50 211.75 211.75 Raymond James RBC Capital Markets 20.20 $12.50 252.50 3.03 37.88 290.38 5.00 $14.50 72.50 0.75 83.38 17.00 $22.75 386.75 2.55 58.00 444.76 RBC Capital 14.58 $9.75 142.19 2.19 21.33 163.53 13.50 $58.00 783.00 2.03 117.45 900.45 21.10 $17.00 358.70 3.17 53.81 412.51 24.60 $16.00 393.60 3.70 59.20 452.80 20.00 $9.00 180.00 3.00 27.00 207.00 28.57 $12.00 342.86 4.29 51.43 394.29 20.00 $12.00 240.00 3.00 36.00 276.00 35.00 $8.50 297.50 5.00 39.50 337.00 10.67 $13.00 138.67 1.60 20.80 159.50 26.09 $11.00 286.96 3.19 35.12 322.12 6.00 $10.00 60.00 0.90 9.00 69.00 19.00 $16.00 304.00 2.85 45.60 349.60 57.19 $6.75 386.03 8.58 57.90 443.90 JMP Securities 26.09 $10.50 273.91 3.70 38.84 312.75 Lehman Brothers Friedman Billings Ramsey 33.54 $24.00 805.00 4.38 105.00 910.00 25.00 $16.00 400.00 3.75 60.00 460.00 Legg, Mason, Walker Wood Raymond James 12.00 $15.00 225.00 1.80 27.00 252.00 12.10 $10.50 127.05 1.81 19.00 146.10 12.22 $17.75 216.90 1.84 32.60 249.50 5.80 $17.00 98.60 0.87 14.79 113.39 UBS Investment Bank 15.00 $16.00 240.00 2.25 36.00 276.00 20.00 $12.00 240.00 3.00 36.00 276.00 4.00 $15.00 60.00 0.60 9.00 69.00 UBS Investment Bank A.G. Edwards & Sons 7.50 $23.00 172.50 1.13 25.90 198.40 JMP Securities 11.01 $14.50 159.68 1.44 20.83 180.50 UBS Investment Bank Banc of America 66.00 $21.00 1386.00 9.90 207.90 1593.90 Morgan Keegan & Company, Inc Wells Fargo Securities, LLC 16.30 $12.25 199.68 2.45 29.95 229.63 16.67 $15.00 250.05 2.50 37.51 287.56 UBS Investment Bank Wachovia Securities 15.00 $15.00 225.00 2.25 33.75 258.75 30.50 $21.00 640.50 4.58 96.08 736.58 33.33 $15.00 500.00 5.00 75.00 575.00 Stifel Nicolaus & Co. 10.00 $24.00 240.00 1.50 36.00 276.00 Morgan Stanley & Co. Incorporated Banc of America Securities LLC 10.00 $20.00 200.00 1.50 15.00 215.00 Morgan Keegan & Co. RBC Capital Markets Corp. 10.00 $20.00 200.00 1.50 30.00 230.00 9.10 $11.00 100.10 1.37 15.02 115.12 Stifel, Nicolaus & Company, Incorporated Jackson Securities, LLC 8.50 $20.00 170.00 1.28 195.50 365.50 Stifel Nicolaus & Co. 14.71 $20.00 294.13 2.21 44.12 338.25 Calyon Securities (USA) Inc. Wells Fargo Securities 40.50 $20.00 294.13 6.08 121.50 415.63 RBC Capital Markets Corp. 13.33 $15.00 200.00 2.00 30.00 230.00 Calyon Securities HSBC Securities 12.50 $20.00 250.00 1.88 37.50 287.50 Raymond James & Associates RBC Capital Markets Corp. 10.00 $20.00 200.00 1.50 30.00 230.00 RBC Capital Markets Corp. 17.50 $20.00 350.00 2.63 52.50 402.50 7.50 $20.00 150.00 1.13 22.50 172.50 8.75 20.00 175.00 1.31 26.25 201.25 12.00 14.50 174.00 1.80 26.10 200.10 Credit Agricole CIB JMP Securities 7.50 20.00 150.00 1.13 22.50 172.50 KeyBanc Capital Markets Raymond James 15.00 14.00 210.00 2.25 31.50 241.50 12.80 17.00 217.60 1.92 32.64 250.24 2.20 12.00 26.40 0.33 3.96 30.36 Credit Suisse Secs (USA) LLC Evercore Group L.L.C. 16.90 16.00 270.40 2.54 40.56 310.96 RBC Capital Markets Corp. 28.33 12.50 354.17 4.25 53.13 407.29 27.50 20.50 563.75 4.13 84.56 648.31 26.00 9.75 253.50 3.90 38.03 291.53 4.50 10 45.00 0.68 6.75 51.75 PRRANGE1 PRRANGE2 $20.00 $22.50 $20.00 $22.00 $20.00 $21.50 $24.25 $25.75 $19.00 $21.00 $33.38 $19.00 $21.00 $24.25 $25.75 $18.00 $20.00 $20.50 $22.00 $21.00 $23.00 $23.50 $25.50 $22.25 $23.75 $21.25 $22.75 $19.00 $20.50 $10.00 $18.50 $20.00 $19.25 $20.75 $24.00 $26.00 $20.25 $22.75 $18.50 $20.00 $21.00 $23.00 $9.00 $12.00 $22.00 $23.50 $18.00 $20.00 $27.00 $21.00 $22.00 $20.25 $21.75 $23.75 $26.25 $19.25 $21.25 $19.00 $21.00 $21.50 $23.00 $9.00 $11.00 $21.00 $23.00 $19.50 $20.50 $20.50 $22.50 $19.75 $20.75 $17.50 $19.00 $18.50 $21.50 $23.00 $25.00 $18.75 $20.25 $25.00 $15.00 $19.00 $21.00 $24.25 $25.75 $18.25 $19.00 $21.25 $22.00 $24.00 $26.00 $9.00 $11.00 $20.00 $21.00 $22.00 $22.00 $20.00 $19.50 $22.25 $10.00 $18.25 $20.00 $19.00 $21.00 $19.00 $21.00 $20.00 $22.00 $11.50 $24.00 $26.00 $14.50 $15.75 $19.50 $20.50 $24.00 $26.00 $18.25 $20.00 $10.00 $20.50 $22.00 $20.00 $22.00 $12.00 $18.00 $19.00 $19.38 $20.63 $18.00 $20.00 $23.00 $25.00 $23.75 $26.25 $19.00 $20.50 $19.50 $21.50 $22.75 $25.25 $19.00 $21.00 $20.00 $18.75 $21.25 $18.35 $18.88 $17.50 $19.50 $10.00 $19.00 $21.00 $6.00 $6.00 $20.00 $20.00 $23.00 $25.00 $15.00 $17.00 $9.50 $9.50 $24.00 $26.00 $24.00 $24.00 $10.00 $10.00 $13.00 $13.00 $10.00 $10.00 $19.00 $21.00 $19.00 $21.00 $23.00 $25.00 $19.00 $21.00 $20.00 $22.00 $19.00 $21.00 $21.00 $15.00 $17.00 $11.00 $12.50 $14.50 $16.50 $16.00 $17.50 $20.00 $22.00 $24.00 $26.00 $19.00 $21.00 $19.00 $21.00 $14.00 $16.00 $19.00 $21.00 $19.00 $21.00 $14.00 $16.00 $11.50 $12.50 $24.00 $26.00 $13.00 $15.00 $14.00 $16.00 $16.00 $18.00 $19.00 $21.00 $19.00 $21.00 $19.00 $21.00 $20.00 $22.00 $15.00 $14.00 $16.00 $19.00 $21.00 $19.00 $21.00 $14.00 $16.00 $14.00 $16.00 $15.00 $17.00 $15.00 $19.00 $21.00 $19.00 $21.00 $14.00 $16.00 $19.00 $21.00 $12.00 $15.00 $20.00 $20.00 $6.00 $6.00 $19.00 $21.00 $12.50 $15.00 $9.00 $11.00 $14.00 $16.00 $19.00 $21.00 $13.00 $17.00 $10.00 $8.00 $18.00 $16.00 $11.00 $9.00 $17.00 $15.00 $7.50 $15.00 $14.00 $16.00 $14.00 $16.00 $19.00 $21.00 $13.00 $15.00 $21.00 $23.00 $60.00 $66.00 $18.00 $20.00 $17.00 $19.00 $16.00 $14.00 $12.50 $10.50 $11.00 $9.00 $16.00 $18.00 $10.50 $12.50 $23.00 $25.00 $14.00 $16.00 $10.00 $12.00 $16.50 $18.50 $18.00 $20.00 $14.00 $16.00 $15.00 $17.00 $26.00 $29.00 $15.00 $17.00 $19.00 $21.00 $11.50 $12.50 $15.00 $17.00 $15.00 $17.00 $19.00 $21.00 $15.00 $15.00 $24.00 $26.00 $20.00 $20.00 $20.00 $22.00 $11.00 $13.00 $20.00 $20.00 $20.00 $20.00 $16.00 $18.00 PORTFOLIO NNN LEASE STRIP SHOPPING CENTERS STRIP SHOPPING CENTERS NNN LEASE RETAIL MORTGAGE ORIGINATIONS STRIP SHOPPING CENTERS REGIONAL & SUPER-REGIONAL MALLS BLIND POOL NINE ANCHORED NEIGHBORHOOD AND COMMUNITY SHOPPING CENTERS, 33 POWER CENTERS, 11 MIMI-MALLS, 7 BUSINESS CENTERS AND FOURTEEN CLASS A OFFICE BUILDINGS IN PRIME LOCATIONS IN WASHINGTON, D.C. TOTALING 3.6 MILLION RENTABLE SQUARE FEET. 41 MANUFACTURED HOME COMMUNITIES LOCATED THROUGHOUT THE U.S. AND CONTAINING 12,312 SITES. 21 ENCLOSED MALL CENTERS IN 15 STATES 52 SHOPPING CENTERS IN SEVEN STATES, CONTAINING 8.1 MILLION SQUARE FEET, PLUS EIGHT WAREHOUSES AND TWO OFFICE BUILDINGS 21 HEALTH CARE PROPERTIES IN EIGHT STATES. 61 PROPERTIES IN 18 STATES CONSISTING OF INDUSTRIAL/WARHOUSE, OFFICEAND RETAIL WITH AN AGGREGATE OF 3.8 MILLION SQUARE F 26 NEIGHBORHOOD AND COMMUNITY SHOPPING CENTERS, THREE ENCLOSED MALLS AND TWO MIXED USE PROPERTIES. 17 FACTORY OUTLET CENTERS IN 15 STATES. 25 OUTLET CENTERS LOCATED IN 15 STATES WITH AN AGGREGATE OF 2.4 MILLION SQUARE FEET OF GROSS LEASABLE AREA. 31 MULTIFAMILY PROPERTIES, INCLUDING 25 GARDEN-STYLE PROPERTIES WITH4,170 UNITS AND 6 MID-RISE BUILDINGS WITH 578 UNITS IN T 40 MULTIFAMILY APARTMENT PROPERTIES CONTAINING 14,088 UNITS LOCATED PRIMARILY IN ATLANTA, GEORGIA AND TAMPA AND ORLAND 7,054 APARTMENT UNITS WHICH ARE LOCATED IN THE METROPOLITAN AREAS OFHOUSTON, AUSTIN AND DALLAS, TEXAS NNN LEASE SHOPPING CENTERS SEVEN HOTELS IN KENTUCKY, MISSISSIPPI, MISSOURI, SOUTH CAROLINA AND TENNESSEE WITH AN AGGREGATE OF 1,118 ROOMS 23 ENCLOSED SHOPPING MALLS IN SEVEN STATES, 15 OF WHICH ARE IN PENNSYLVANIA, CONTAINING 12.5 MILLION SQUARE FEET OF GROS 47 GOLF COURSES LOCATED IN 17 STATES, OF WHICH 23 ARE DAILY FEE COURSES, 13 ARE PRIVATE COUNTRY CLUBS AND 11 ARE RESORT 75 MULTIFAMIY PROPERTIES THROUGHOUT THE U.S. CONTAINING 23,418 UNITS. 32 APARTMENT COMMUNITIES COMPRISING 12,735 UNITS IN SUBURBAN WASHINGTON, D.C. AND SOUTHEATERN PENNSYLVANIA 47 MANUFACTURED HOME COMMUNITIES IN 20 STATES, AGGREGATING 10,763 SITES. 26 COMMUNITY AND NEIGHBORHOOD SHOPPING CENTERS LOCATED IN SEVEN STATES AND D.C. AS WELL AS ONE OFFICE PROP, ONE OFFIC 19 NEIGHBORHOOD OR COMMUNITY SHOPPING CENTERS, ONE ENCLOSED REGIONAL SHOPPING MALL, ONE SUBURBAN OFFICE PROJECT A 10 RETAIL PROPERTIES, 16 MULTIFAMILY PROPERTIES AND 10 OFFICE PROPERTIES LOCATED IN ALABAMA, FLORIDA AND GEORGIA 8 COMMUNITY SHOPPING CENTERS, ONE ENCLOSED MALL AND ONE MIXED USE PROPERTY IN THE CHICAGO METROPOLITAN AREA, INDIANA REGIONAL MALLS AND COMMUNITY CENTERS COMPRISING 7.6 MILLION SQUARE FEET OF GROSS LEASABLE AREA. 15 OUTLET SHOPPING CENTERS IN 13 STATES WITH A TOTAL OF 2.4 MILLION SQUARE FEET OF GROSS LEASABLE AREA. 22 MULTIFAMILY APARTMENT COMMUNITIES CONTAINING 5,215 UNITS AND A COMMERCIAL CENTER, ALL OF WHICH ARE LOCATED IN THE GR 12 FACTORY OUTLET CENTERS WITH A TOTAL OF APPROXIMATELY 1.6 MILLION SQUARE FEET. 14 ENCLOSED SHOPPING MALLS WITH A TOTAL GROSS LEASABLE AREA OF 8.3 MILLION SQUARE FEET. 19 NEIGHBORHOOD AND COMMUNITY SHOPPING CENTERS, 1 POWER CENTER AND 3 SUBURBAN OFFICE COMPLEXES LOCTED IN fLORIDA, G 10 RETAIL FACTORY OUTLET CENTERS IN MICHIGAN, INDIANA, WISCONSIN, MINNESOTA AND CALIFORNIA WITH AN AGGREGATE GROSS LEA PROPERTIES IN THE DENVER, COLORADO AREA CONTAINING 726 UNITS. PROPERTIES IN NORTHEASTERN OHIO CONTAINING A TOTAL OF 8,704 UNITS. PROPERTIES IN THE MID-ATLANTIC AND NORTHEAST REGIONS OF THE U.S., REPRESENTING A TOTAL OF 22 APARTMENT COMMUNITIES CON 97 OFFICE,INDUSTRIAL AND RETAIL PROPERTIES LOCATED IN NORTHERN CALIFORNIA AND THE PACIFIC NORTHWEST WITH A TOTAL RENTA 33 MANUFACTURED HOME COMMUNITY PROPERTIES IN MICHIGAN AND FLORIDA CONTAINING 15,261 SITES. 43 TWO AND THREE STORY GARDEN APARTMENT COMMUNITIES COMPRISING 11,334 UNITS LOCATED IN ORANGE COUNTY, CALIFORNIA. 35 WAREHOUSE/INDUSTRIAL PROPERTIES WITH 5.2 MILLION SQUARE FEET OF GROSS LEASABLE AREA, THREE RETAIL PROPERTIES WITH 3 31 MANUFACTURED HOUSING COMMUNITY PROPERTIES CONTAINING 9,036 DEVELOPED SITES AND 1,968 POTENTIAL EXPANSION SITES. EIGHT MEDICAL OFFICE BUILDINGS AND ONE PARKING FACILITY WITH RETIAL SPACE ADJACENT TO TWO OF THE MEDICAL OFFICE BUILDING REGIONAL MALLS AND COMMUNITY SHOPPING CENTERS THROUGHOUT THE U.S., CONTAINING 112 EXISTING PROPERTIES IN 28 STATES. SMALL BUSINESS LOANS 14 NEIGHBORHOOD COMMUNITY SHOPPING CENTERS, 15 SINGLE TENANT CENTERS, 5 POWER CENTERS AND 2 REGIONAL MALLS, THE MAJO 12 MULTIFAMILY PROPERTIES CONTAINING 2,356 UNITS, 2 INDUSTRIAL PROPERTIES AND ONE RETAIL PROPERTY, LOCATED PRINCIPALLY IN 2 RETAIL PROPERTIES INCLUDING 4 REGIONAL MALLS, 4 MINI-MALLS, 21 COMMUNITY CENTERS AND 3 FREE STANDING RETAIL PROPERTIES SEVEN REGIONAL MALLS, 53 COMMUNITY SHOPPING CENTERS AND 15 SINGLE TENANT RETAIL PROPERTIES LOCATED IN 20 STATES. 25 MULTIFAMILY APARTMENT COMMUNTIES CONTAINING 8,858 UNITS IN GEORGIA, TEXAS AND TENNESSEE. 15 OPERATING INNS IN VARYING STAGES OF DEVELOPMENT. 22 MULTIFAMILY PROPERTIES IN SEVEN SOUTHEASTERN CITIES CONSISTING OF 5,580 UNITS. 20 garden apartment and townhome communities containing 5,100 units, primarily in the Southeast and Midwest regions of the United States. 23 GARDEN APARTMENT PROPERTIES CONTAINING 6,985 UNITS IN THE SOUTHERN UNITED STATES. 27 MULTIFAMILY APARTMENT PROPERTIES CONTAINING 8,632 UNITS LOCATED IN TEXAS, GEORGIA, ILLINOIS AND CALIFORNIA. 29 MULTIFAMILY APARTMENT COMMUNITIES CONTAINING 6,979 UNITS, PREDOMINANTLY LOCATED IN THE SOUTHEASTERN UNITED STATES. 11 MULTIFAMILY PROPERTIES CONTAINING 2,850 UNITS LOCATED IN SOUTHERNCA, TX AND THE PACIFIC NORTHWEST AND 4 INDUSTRIAL PR EIGHT EXISTING HAMPTON INN HOTELS LOCATED IN ARKANSAS, FLORIDA, GEORGIA, KENTUCKY, NEW YORK, OHIO AND TEXAS WITH AN AGG 13 REGIONAL SHOPPING CENTERS AND 2 COMMUNITY SHOPPING CENTERS WITH A GROSS LEASABLE AREA OF APPROXIMATELY 9.0 MILLIO 17 MULTIFAMILY APARTMENT COMMUNITIES CONTAINING 3,581 UNITS IN THE SAN FRANCISCO BAY AREA. EIGHT FACTORY OUTLET CENTERS IN SEVEN STATES WITH A TOTAL GROSS LEASABLE AREA OF 2.03 MILLION SQUARE FEET. 43 SELF STORAGE FACILITIES IN 14 STATES AND THE DISTRICT OF COLUMBIA. THE PROPERTIES CONTAIN AN AGGREGATE OF 2.9 MILLION N 33 RETAIL PROPERTIES CONSISTING OF 18 POWER CENTERS, 14 COMMUNITY SHOPPING CENTERS AND ONE FREESTANDING RETAIL FACILI 30 PROPERTIES TOTALING 16.42 MILION RENTABLE SQUARE FEET, WITH MANYIN THE SAN FRANCISCO BAY ARE. 75% OF THE PROPERTIES A FOUR OUTLET MALLS AND 11 COMMUNITY SHOPPING CENTERS THROUGHOUT THE UNITED STATES. 28 SUPER-REGIONAL MALLS AND 23 REGIONAL MALLS IN 16 STATES CONTAINING 44.5 MILLION SQUARE FEET OF GROSS LEASABLE AREA. 17 COMMUNITY SHOPPING CENTERS IN THE MIDWESTERN UNITED STATES, WITH THE MAJORITY OF PROPERTIES IN MICHIGAN. FIVE OFFICE BUILDINGS, ONE RETAIL CENTER AND THREE RESIDENTIAL PROPERTIES, ALL OF WHICH ARE LOCATED IN TEXAS, EXCEPT ONE 15 OFFICE PROPERTIES LOCATED IN THE GREATER BOSTON METROPOLITAN AREA CONTANING OVER 4.4 MILLION SQUARE FEET. NINE HAMPTON INN HOTELS AND ONE COMFORT INN HOTEL WITH AN AGGREGATE OF 1,246 ROOMS. EIGHT OF THE HOTELS ARE IN NORTH 15 RESIDENTIAL PROPERTIES IN THE SAN FRANCISCO SOUTH BAY, SEATTLE METRO AREA AND SOUTHERN CALIFORNIA, 6 NEIGHBORHOOD 36 OFFICE BUILDINGS, 4 MULTIPURPOSE BUILDINGS AND 1 WAREHOUSE FACILITY OF WHICH ALL BUT ONE ARE LOCATED IN THE RESEARCH THREE APARTMENT PROPERTIES LOCATED IN CONNECTICUT CONTAINING A TOTAL OF 165 UNITS. 19 COMMUNITY SHOPPING CENTERS ANCHORED BY KMART STORES, 28 FREESTANDING KMART STORES AND ONE POWER CENTER. THE PR 77 INDUSTRIAL PROPERTIES CONTAINING 5.9 MILLION SQUARE FEET AND 35 OFFICE PROPERTIES CONTAINING 2.2 MILLION SQUARE FEET IN 11 ANCILLARY HOSPITAL FACILITIES, 3 OUTPATIENT REHABILITATION FACILITIES, 3 AMBULATORY SURGERY FACILITIES, 1 RESEARCH FACILI 226 PROPERTIES: 124 BULK WAREHOUSE AND 102 LIGHT INDUSTRIAL. THE PROEPRTIES ARE LOCATED IN 13 STATES IN THE CENTRAL UNITE 30 MULTIFAMILY PROPERTIES CONTAINING 11,834 UNITS AND 2 RETAIL PROPERTIES CONTAINING 436,000 RENTABLE SQUARE FEET IN THE W 20 retail properties totaling 2.0 million square feet of gross leasable area and two related multifamily properties comprising 401 units. The portfolio is located 37 MULTIFAMILY PROPERTIES CONTAINING 9,796 UNITS LOCATED IN THE SOUTHWEST, SOUTHCENTRAL AND SOUTHEAST REGIONS OF THE SIX EMBASSY SUITES HOTELS LOCATEDIN FLORIDA, OKLAHOMA, TENNESSEE AND TEXAS COMPRISED OF 1,479 SUITES. 47 MULTIFAMILY PROPERTIES, 4 OFFICE BUILDINGS AND 3 SHOPPING CENTERS LOCATED THROUGHOUT THE UNITED STATES. THE COMPAN 16 MULTIFAMILY RESIDENTIAL PROPERTIES CONSISTING OF 15 PROPERTIES WITH 3,991 APARTMENT UNITS AND ONE MANUFACTURED HOM 32 APARTMENT COMMUNITIES COMPRISING 7,896 APARTMENTS LOCATED IN PHOENIX. THERE ARE ALSO EIGHT MULTIFAMILY COMMUNITIES 82 PROPERTIES CONSITING OF 71 INDUSTRIAL PROPERTIES, EIGHT SUBURBAN OFFICE BUILDINGS AND THREE RETAIL PROPERTIES. THE C 27 MULTIFAMILY GARDEN OR TOWNHOUSE STYLE APARTMENT PROPERTIES TARGETED FOR MID-INCOME. 87.5% OF THE PROPERTIES ARE 12 OFFICE BUILDINGS CONTAINING 2.2 MILLION SQUARE FEET AND ONE MULTIFAMILY RESIDENTIAL PROPERTY CONTAINING 327 UNITS. THE SEVEN HOTELS , INCLUDING FIVE HAMPTON INNS, ONE RESIDENCE INN AND ONE SHERATON INN, WITH A TOTAL OF 851 ROOMS. THREE OF 88 SELF STORAGE PROPERTIES CONTAINING APPROXIMATELY 4.0 MILLION SQUARE FEET, LOCATED THROUGHOUT THE SOUTHERN, MID-AT 8 Hotels located in Virginia, West Virginia, Maryland, and Tennessee. Seven operate as Comfort Inns and one operates as a Best Western 81 properties comprising 5.6 million rentable square feet, including 66 industrial properties, 13 suburban office properties, and two 10,000 square foot retail p 74 self storage properties located in 14 states throughout the Eastern United States, containing an aggregate of approximately 3.8 million rentable square fee Mortgage investments on real property in California. Interests in pools of adjustable rate single-family resential mortgage loans. Eight hotels, five of which are located in Colorado and one each in Utah, Arizonia, and California. Four are operated as Hampton Inns, three as Holiday inns 21 Courtyard by Marriott hotels, which the company acquired in March 1995. HPT will acquire 17 additional Courtyard hotels, which will bring the portfolio to a 20 hotels in 7 states with an aggregate of 4,207 guest rooms. 17 of the hotels are operated under franchise licenses with nationally recognized hotel compan One apartment community containing 34 units. There is also a 184-unit apartment community under contract for purchase as sell as another potential acquis Investments in mortgage loans and mortgage backed securities Four Super 8 limited service hotels located in Illinois, Kentucky, and Missouri Intends to acquire 13 hotels in Texas, Louisiana, Virginia, New Mexico, Maryland, Ohio, New Jersey, California, and Wisconsin. 24 office properties located in Southern California containing approximately 4.0 million rentable square feet . The properties consist primarily of Class A subu 22,257 multifamily units in its portfolio, including 4,966 units under construction or in planning and owned. Nine national franchise hotels containing 2,408 rooms located in California, Florida, New York, North Carolina and Ohio. 14 office properties encompassing an aggregate of 2 million SF and 12 industrial properties encompassing an aggregate of 1.3 million SF. 10 courses located in South Carolina (4), Virginia (2), Alabama, Georgia, North Carolina and Texas. Formerly known as ARICO America Realestate Investment Company, this self-advised REIT owns through subsidiaries, interests in eight Class A office Prop company owns 42 apartment communities representing 9,612 rental units with an average occupancy rate of 91 percent. The company owns 28 properties containing 2.9 million rentable square feet. The properties consist of Class A and Class B suburban office properties. The company intends to invest primarily in subordinated interests in collateralized mortgage obligations and other mortgage-backed securities and commerci The company's portfolio consists of 13 super regional shopping centers, six regional shopping centers and three power centers located in seven states totalin The company will own 15 properties, including three properties to be acquired in connection with the Offering, containing approximately 1.5 million rentable sq The portfoliio consists of 75 commercial properties which includes 63 office properties, nine industrial properties, two hotels and a 1,170 space parking garag The portfolio consists of 90 office properties containing 32.2 million rentable square feet and 14 parking facilities containing 14,785 parking spaces, located in The company owns nine correctional and detention facilities which have an aggregate capacity of 6,687 beds. The company's portfolio consists of $17.5 million in commercial mortgages and $10 million in CMBS. The portfolio consists of 25 shopping center properties with an aggregate of over 3.6 million square feet of GLA in California, Las Vegas, Nevada and the Pac The portfolio will consist of nine Class B office properties equaling 2.2 million rentable square feet located in midtown Manhattan. The primary business of the company will be investing in first lien single-family mortgage loans, multifamily mortgage loans and commercial mortgage loans a The company owns and manages a portfolio of mortgage-backed securities, including mortgage pass-through certificates and collateralized mortgage obligat The company owns interests in 21 properties, which contain 3.4 million square feet. All properties are located in Manhattan, Phoenix/Tucson and Orlando off The REIT intends to invest primarily in performing multifamily and commercial term loans and interests in multifamily and commercial mortgage-backed secu AMREIT's current investment portfolio is comprised solely of mortgage securities issued or guaranteed by federal government sponsored agencies. The company specializes in acquiring single family residential mortgage loans and purchasing mortgage securities in the secondary mortgage markets. The company will own 16 office properties containing an aggregate of 2.4 million square feet, 44 industrial properties containing an aggregate of 5.7 million s The company has a portfolio of 79 properties (71 of which are restaurant properties and eight of which are retail properties) located in 24 states, which was 96 The company's initial portfolio consists of twelve megaplex theatres purchased from subsidiaries of AMC Entertainment Inc. for an aggregate purchase price The company owns 128 properties, comprised of 95 industrial properties and 33 retail properties located in 26 markets throughout the United States. The company will invest primarily in mortgage-backed securities and mortgage loans. The mortgage-backed securities will include mortgage pass-through ce The company's mortgage assets will consist primarily of adjustable-rate mortgage securities, including adjustable-rate collateralized mortgage obligations bea The company will acquire 12 loans for $18.1M from Resource America, Inc. In addition, senior debt relating to four of the loans will be purchased from third p Will invest in 21 assisted and independent living facilities, skilled nursing facilities, medical office and other buildings, term mortgage loans and initial draws u The company will have a portfolio of 144 industrial properties located in 21 states and containing approximately 22 million rentable square feet. The REIT will acquire 36 properties, of which 20 are located in the Washington, DC metro area. All of the properties will be leased back to dealers and their a The REIT intends to invest in high-quality, adjustable rate mortgage-backed securities. The REIT has acquired or has contracted to acquire 16 community shopping centers throughout the Sunbelt. The properties are located in Arizona, Texas, T The company will take the initial proceeds and invest in a portfolio of multi-family, commercial and residential mortgage loans as well as other real estate-rela Will invest $40.8M in U.S. commercial investments (mainly non and sub-performing mortgages) and $95M in mortgage backed securities. In addition, the co The REIT's primary business will be originating mortgage loans for the purpose of issuing collaterlaized mortgage obligations. In addition, the company may The company will purchase eight correctional and detention facilities from Wackenhut Corrections Corporation for $113M. In addition, the REIT will have the Consists of 10 full-service hotels containing 3,379 rooms. The portfolio includes two Le Meridiens(R), three Marriotts(R), two Radissons(R), two Holiday Inns The REIT will invest in a portfolio of senior mortgage loans, mezzanine loans, mortgage backed securities and equity real estate investments. Owns and operates 13 shopping centers located in the New York and Miami metropolitan areas. Existing portfolio includes 16 supermarket centers, one drug store-anchored neighborhood shopping center, two mixed-use properties, one office building, on REIT intends to invest in commercial mortgage backed securities, commercial mortgage loans, and mezzanine investments. Invests primarily in collateral oriented, high yielding, non-conforming home equity loans secured primarily by first and second deeds of trust on single-family r Portfolio will be the real estate operations and assets of parent company Interstate General Management Corporation. Initial portfolio consists of 10 hotels. Initial portfolio includes approximately 876 towers. 142 Shopping Centers in 26 States Proceeds from the IPO will be used to purchase 2 medical office buildings, 1 surgery center and 4 outpatient facilities in North Carolina, Nevada and Tenness Newcastle Investment Corp. invests in real estate securities and other real estate-related assets. Maguire Properties, Inc. is the largest owner and operator of Class A office properties in the Los Angeles central business district and is primarily focused on American Financial Realty Trust is a self-managed, self-administered real estate investment trust (REIT) focused on acquiring and operating properties lease McLean, Virginia-based Gladstone plans to invest in and own net leased industrial and commercial real estate, and "selectively" to make long-term industrial Following the IPO and certain organizational transactions, Ashford will own six hotels -- four Embassy Suites and two Radisson Hotels -- according to its IPO First Potomac Realty Trust was formed to acquire, operate and develop industrial and flex properties in Maryland, Virginia and the Washington, D.C. metropo Cedar Shopping Centers, Inc. is a real estate investment trust with investments primarily in multi-tenant supermarket-anchored shopping centers in eastern P Highland Hospitality is focused primarily on investing in the United States within the upscale full- service and premium limited-service and extended stay lodg Falcon Financial Investment Trust (the Trust) is a fully integrated, self-advised specialty finance company focused solely on the business of originating and se Government Properties Trust, Inc. invests in single tenant properties under long-term leases to the U.S. government. Focused primarily on the acquisition, renovation, repositioning and operation of all-age manufactured home communities. The company’s principal business objective is to generate net income for distribution to our stockholders from the spread between interest income on our mo LSE is focused on financing and investing in commercial real estate that is net leased primarily to single tenants with investment grade ratings. Origen Financial, Inc., (Origen) incorporated in July 2003, originates and services home loans, as well as acquires and services manufactured home loans or Global Signal Inc. owns wireless towers and other communications sites in the United States. The Company's sites are primarily located in the southeastern New York Mortgage Trust, Inc. is a real estate investment trust (REIT) that originates, acquires and manages a portfolio of adjustable-rate residential mortgag Strategic Hotel Capital, Inc. is a real estate investment trust (REIT) that owns and asset manages upper-upscale and luxury hotels in North America and Euro HomeBanc Corp. sold an additional 4.25 million shars to GTCR Fund VII/A LP for a price of $7.02 per share. The REIT will originate and invest in mortgages secured by commercial and muti-family residential properties. BioMed Realty acquires, owns, leases, and develops laboratory and office space for tenants involved in life sciences. BioMed owns nearly 15 properties cont Kite Reallty is focused primarily on the development, construction, acquisition, ownership and operation of high quality neighborhood and community shoppin American Campus Communities, Inc. is engaged in the ownership, management and development of student housing properties in the United States. Extra Space Storage, Inc. (ESSI) is a fully integrated, self-administered and self-managed real estate investment trust that acquires, develops and operates s Bimini primarily invests in residential mortgage-related securities issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Saxon Capital, Inc. ("Saxon") is a residential mortgage lender and servicer that originates, purchases, securitizes and services real estate secured mortgages New Century Financial Corporation is a real estate investment trust (REIT) and one of the nation’s premier full-service mortgage finance companies, providin Sunstone owns 54 upscale hotels in the United States which are operated under the brand names franchised or licensed from such others as Marriott, Hilton, U-Store-It owns, operates and acquires self-storage facilities for residential and commercial customers in the United States. NorthStar Realty specializes in fixed income, structured finance and net lease investments in commercial real estate assets. GMH Communities is a specialty housing company that focuses on providing housing to college and wniversity students residing off-campus and to members Digital Realty Trust Inc. owns, acquires, repositions and manages technology-related real estate. AIC is a mortgage real estate investment trust, providing first and second mortgage products to sub-prime borrowers nationwide through its operating subsidi The Company will initially own six full-service, Upper Upscale and Midscale hotels that are located in primary and secondary markets in the mid-Atlantic and S EDR owns 21 off-campus housing communities at 18 universities. Subprime residential mortgage lender. DRH acquires and invests in upper upscale and upscale hotel properties located primarily in North America. Invests in collateralized debt obligations, consumer asset-backed securities, senior secured and unsecured bank loans, corporate mezzanine loans, high yiel The Company focuses on the acquisition, development, renovation, repositioning, ownership, management and operation of commercial office properties loc Medical Properties Trust, Inc. is a Birmingham, Alabama based self-advised real estate investment trust formed to capitalize on the changing trends in health JER Investors Trust Inc. (JERIT) is a specialty finance company focused on the growing volume and complexities of commercial real estate structured financ The Charlotte, North Carolina-based company owns medical-office properties in the southeastern United States. A real estate investment trust formed to own, operate, acquire and develop primarily Class A office properties, predominantly in the Washington, D.C. metrop RCC intends to invest in a combination of real estate-related securities and commercial finance assets. Crystal River Capital, Inc. is a publicly-traded real estate investment trust that invests in real estate related securities, real estate loans and instruments, and CBRE Realty Finance, Inc. is a commercial real estate specialty finance company primarily focused on originating, acquiring, investing in, financing and man Douglas Emmett focuses primarily on owning and acquiring a substantial share of top-tier office properties within these submarkets and which are located ne This real estate investment trust (REIT) develops, owns, and manages bulk distribution and light industrial properties located in about two dozen high-volume Quadra invests in a diversified portfolio of commercial mortgage investments and related projects. Our mission is to provide sophisticated financing solutions Care Investment Trust was formed to invest in healthcare-related mortgage debt and real estate including nursing homes, hospitals, outpatient centers, assis DuPont Fabros Technology, Inc. (DFT) is a leading owner, developer, operator and manager of wholesale data centers in the United States. Chimera Investment, a mortgage real estate investment trust (REIT) formed in 2007, will invest in residential mortgage loans; residential mortgage-backed se Hatteras Financial Corp. is an externally managed mortgage real estate investment trust (REIT) formed to invest in adjustable-rate and hybrid adjustable-rate The company was created in 2008 to invest in mortgage-backed securities and mortgages, such as those guaranteed by government agencies Fannie Mae, The Company was formed to invest in properties that are leased to government tenants. Cypress Sharpridge Investments is a real estate investment trust (REIT) created to invest in Fannie Mae-, Freddie Mac-, and Ginnie Mae-guaranteed residen Invesco Mortgage Capital Inc., formerly Invesco Agency Securities Inc., is focused on investing in financing and managing residential and commercial mortga PennyMac is a newly-formed specialty finance company that will invest primarily in residential mortgage loans and mortgage-related assets. Starwood Property Trust, Inc. is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real COMMENTS MINIMUM INVESTMENT WAS $1,000. 1/2 COMMON, 1/2 CONVERTS 7 BUSINESS CENTERS AND 61 PARCELS OF LAND. ABLE SQUARE FEET. AND TWO OFFICE BUILDINGS. TE OF 3.8 MILLION SQUARE FEET. ASABLE AREA. LDINGS WITH 578 UNITS IN THE SEATTLE AND TACOMA, WASHINGTON AREA A AND TAMPA AND ORLANDO, FLORIDA E OF 1,118 ROOMS ON SQUARE FEET OF GROSS LEASABLE AREA. CLUBS AND 11 ARE RESORT COURSES. PENNSYLVANIA NE OFFICE PROP, ONE OFFICE/RETAIL PROP. AND ONE RESEARCH PARK BURBAN OFFICE PROJECT AND SIX OTHER COMMERICALPROPERTIES RIDA AND GEORGIA TROPOLITAN AREA, INDIANA AND KENTUCKY. CH ARE LOCATED IN THE GREATER LAS VEGAS, NEVADA AREA. EXES LOCTED IN fLORIDA, GEORGIA, ALABAMA AND MISSISSIPPI CONTAINING 2.7 M SF. AN AGGREGATE GROSS LEASABLE AREA OF 1.7 MILLION SQUARE FEET. RTMENT COMMUNITIES CONTAINING 7,044 UNITS. WEST WITH A TOTAL RENTABLE AREA OF 11.1 MILION SQUARE FEET. E COUNTY, CALIFORNIA. RETAIL PROPERTIES WITH 35,000 SQUARE FEET OF GLA, ONE 682-UNIT APT. COMPLEX. TIAL EXPANSION SITES. E MEDICAL OFFICE BUILDINGS, ALL IN SOUTHERN CA, CONTAINING 437,000 RSF. OPERTIES IN 28 STATES. REGIONAL MALLS, THE MAJORITY OF WHICH ARE LOCATED IN SOUTHERN CALIFORNIA. Y, LOCATED PRINCIPALLY IN THE GREATER DALLAS, TEXAS AREA. NDING RETAIL PROPERTIES IN 10 STATES. ALSO 6 COMMERCIAL PROPS THE SALT LAKE CITY, UT CATED IN 20 STATES. e United States. D CALIFORNIA. HEASTERN UNITED STATES. WEST AND 4 INDUSTRIAL PROPERTIES CONTAINING AN AGGREGATE OF 808,000 SF IN SOUTH. CA & WA. HIO AND TEXAS WITH AN AGGREGATE OF 955 ROOMS. APPROXIMATELY 9.0 MILLION SQUARE FEET OFFERING INCLUDES 2.0 M SHARES OF SERIES A CUMULATIVE PREF. STOCK, 6.1 M SHARES OF SERIES B CUMULATIVE PARTIC. CONVERT. P GGREGATE OF 2.9 MILLION NET RENTABLE SQUARE FEET. EESTANDING RETAIL FACILITY IN 7 STATES, THE MAJORITY IN GA, CONTAINING 4,674 MILLION SF. THERE ARE ALSO 28 UNDEVELOPED LAND PARCELS. 75% OF THE PROPERTIES ARE BULK DISTRIBUTION AND 21% ARE LIGHT INDUSTRIAL. GROSS LEASABLE AREA. S IN MICHIGAN. TED IN TEXAS, EXCEPT ONE OFFICE BUILDING WHICH IS LOCATED IN DENVER, COLORADO. ON SQUARE FEET. THE HOTELS ARE IN NORTH CAROLINA AND THE OTHER TWO ARE IN GEORGIA. FORNIA, 6 NEIGHBORHOOD SHOPPING CENTERS IN THE PORTLAND METRO AREA AND EUGENE, OR AND ONE OFFICE BLDG IN PALO ALTO, CA. LOCATED IN THE RESEARCH TRIANGLE OF NORTH CAROLINA, TOTALING APPROXIMATELY 2.559 MILLION SQUARE FEET. NE POWER CENTER. THE PROPERTIES ARE LOCATED IN 8 STATES. 2.2 MILLION SQUARE FEET IN THE SOUTHEASTERN AND MID-ATLANTIC U.S. THERE ARE ALSO 108 ACRES OF LAND. ILITIES, 1 RESEARCH FACILITY, 1 LONG ERM CARE FACILITY AND 1 SUB-ACUTE CARE FACILITY IN THE SOUTHEAST AND WESTERN U.S. TES IN THE CENTRAL UNITED STATES. ABLE SQUARE FEET IN THE WASHINGTON, D.C. METROPOLITAN AREA. 1 units. The portfolio is located in the Mid-Atlantic region. UTHEAST REGIONS OF THE UNITED STATES. NITED STATES. THE COMPANY ALSO HAS OPTIONS TO ACQUIRE 2 ADDITIONAL SITES ON WHICH IT PLANS TO DEVELOP MULTIFAMILY PROPERTIES ONE MANUFACTURED HOME COMMUNITY CONTAINING 202 HOME SITES. MULTIFAMILY COMMUNITIES UNDER CONSTRUCTION. RETAIL PROPERTIES. THE COMPANY IS GEOGRAPHICALLY FOCUSED IN ATLANTA, GEORGIA. % OF THE PROPERTIES ARE LOCATED IN TEXAS, ARIZONA AND ILLINOIS. CONTAINING 327 UNITS. THE COMPANY IS ALSO NEGOTIATING TO ACQUIRE A 104,000 SQUARE FOOT OFFICE BUILDING FOR APPROX. $6.0 MILLION. OF 851 ROOMS. THREE OF THE HOTELS ARE LOCATED IN NEW YORK, ONE IN PENNSYLVANIA AND THREE IN FLORIDA. OUT THE SOUTHERN, MID-ATLANTIC AND MIDWESTERN UNITED STATES. two 10,000 square foot retail properties y 3.8 million rentable square feet ton Inns, three as Holiday inns and one as a Courtyard Marriott. which will bring the portfolio to a total of 5,435 guest rooms in 20 states. onally recognized hotel companies. sell as another potential acquistion, plus two properties under construction that may be acquried at a later date. onsist primarily of Class A suburban office properties. ests in eight Class A office Properties comprising almost 5 million square feet. * Conducted a best efforts offering from '93 to '97 raising $300 million on 28 million shares. Total capital raised is $347.25 million. uburban office properties. acked securities and commercial and multifamily real property. s located in seven states totaling 19.2 million square. oximately 1.5 million rentable square feet of office and laboratory space. nd a 1,170 space parking garage. ,785 parking spaces, located in 35 markets throughout the U.S. Las Vegas, Nevada and the Pacific Northwest. d commercial mortgage loans and mortgage securities secured by or representing an interest in mortgage loans. collateralized mortgage obligations. Phoenix/Tucson and Orlando office markets. mercial mortgage-backed securities. sponsored agencies. ndary mortgage markets. ng an aggregate of 5.7 million square feet, one parking facility and one retail center. cated in 24 states, which was 96.2% leased. r an aggregate purchase price of approximately $248.8 million. hout the United States. ude mortgage pass-through certificates, collateralized mortgage obligations and other mortgage securities. alized mortgage obligations bearing interest rates that adjust periodically based on changes in short-term market rates. s will be purchased from third parties at a cost of $2.5M. rtgage loans and initial draws under construction loans totaling $34.8M. able square feet. ased back to dealers and their affiliates on a "triple net" basis. are located in Arizona, Texas, Tennessee and Florida. as well as other real estate-related assets. d securities. In addition, the company will invest $3.4M in investments based in the United Kingdom. In addition, the company may invest in opportunistic real estate and mezzanine investments. addition, the REIT will have the option to acquire three additional facilities currently under development by Wackenhut. Radissons(R), two Holiday Inns(R) and one independent luxury hotel. te investments. operties, one office building, one mini-warehouse facility and one restaurant property. Best efforts offering completed 9/30/98. CAA commenced trading on AMEX on 10/1/98. Shares distributed to the common share and unit holders of Interstate General Company L.P. Carolina, Nevada and Tennessee. rict and is primarily focused on owning and operating high quality office properties in the Southern California market. and operating properties leased to regulated financial institutions y" to make long-term industrial and commercial mortgage loans. It intends to qualify as a real estate investment trust. n Hotels -- according to its IPO filing. the Washington, D.C. metropolitan area, which we refer to as the southern Mid-Atlantic region. d shopping centers in eastern Pennsylvania service and extended stay lodging segments. e business of originating and servicing loans to automotive dealers in the United States. ween interest income on our mortgage assets and the costs of financing the acquisition of these assets. ent grade ratings. es manufactured home loans originated by others. ily located in the southeastern and mid-Atlantic regions of the country. ustable-rate residential mortgage assets otels in North America and Europe. owns nearly 15 properties containing 30 buildings, totaling some 2.4 million sq. ft.; most of its assets are in California. orhood and community shopping centers in selected growth markets in the United States. ies in the United States. quires, develops and operates self-storage facilities. e Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae) real estate secured mortgages ge finance companies, providing first and second mortgage products to borrowers nationwide such others as Marriott, Hilton, InterContinental, Hyatt, Starwood, Carlson and Wyndham. ng off-campus and to members of the U.S. military and their families. de through its operating subsidiary, Aames Financial Corporation, a 50-year old sub-prime lender markets in the mid-Atlantic and Southeastern United States. rate mezzanine loans, high yield corporate bonds, distressed and stressed debt securities and private equity investments ommercial office properties located predominantly in the Greater Washington, D.C. area. on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. ial real estate structured finance products, including commercial mortgage backed securities, mezzanine loans. . . n the Washington, D.C. metropolitan area. ate loans and instruments, and various other asset classes. nvesting in, financing and managing a diversified portfolio of commercial real estate-related loans and securities. arkets and which are located near high-end executive housing and key lifestyle amenities. n about two dozen high-volume distribution markets across the US. ophisticated financing solutions and superior service to our clients and to deliver attractive total returns to our stockholders. pitals, outpatient centers, assisted living facilities, and medical office buildings and labs. It will provide first lien and mezzanine loans as well as construction loans. residential mortgage-backed securities (RMBS). -rate and hybrid adjustable-rate single-family residential mortgage pass-through securities guaranteed by United States Government agencies. rnment agencies Fannie Mae, Freddie Mac, and Ginnie Mae. The real estate investment trust (REIT) will be externally managed and advised by American Capital Agency Ma Ginnie Mae-guaranteed residential mortgage-backed securities (RMBS), primarily collateralized by adjustable-rate mortgage loans. idential and commercial mortgage-backed securities and mortgage loans. oans and other commercial real estate debt investments, commercial mortgage-backed securities, or CMBS, and other commercial real estate-related debt investments. LATIVE PARTIC. CONVERT. PREF. STOCK AND 2.5 M COMMON. LOPED LAND PARCELS. PALO ALTO, CA. AMILY PROPERTIES PROX. $6.0 MILLION. s construction loans. by American Capital Agency Management -related debt investments.
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