Global Program Partner: The Association for Real Estate Securitization (Japan)
Introduction: Ichiro Makijima, Executive Managing Director, The Association for Real Estate Securitization (Japan)

Moderator: Yasuyuki Otsu, Executive Officer-Head of Asset Finance & Investment Group, Mitsubishi UFJ Securities Co., Ltd.

Panelists: Hisamitsu Abe, Chairman of Board & Chief Executive Officer, Japan REIT Advisors Co., Ltd.
Steve Carroll, Managing Director, CBRE Global Real Estate Securities
Tetsuya Fujita, President, CBRE Residential Management K.K. & Executive Director, New City Residence Investment Corp.
Yoshizumi Kimura, Director-Equity Research, Nikko Citigroup Limited

American Campus Communities, Inc.
William Bayless, CEO
Steven Sakwa, Managing Director, Merrill Lynch & Co., Inc.
Astor (3rd Floor)

Digital Realty Trust Inc.
Michael Foust, CEO
John Stewart, VP & Senior Analyst, Credit Suisse
Basildon (3rd Floor)

Health Care REIT, Inc.
George Chapman, Chairman & CEO
John Sheehan, Associate VP, A.G. Edwards & Sons, Inc.
Conrad (4th Floor)

Tanger Factory Outlet Centers, Inc.
Steven Tanger, President & COO
David Fick, Managing Director, Stifel, Nicolaus & Co., Inc.
Duke of Windsor (4th Floor)

W. P. Carey & Co. LLC
Gordon DuGan, CEO
David AuBuchon, VP, A.G. Edwards & Sons, Inc.
Park Avenue Center (4th Floor)

Acadia Realty Trust
Kenneth Bernstein, President & CEO
Richard Moore, Managing Director, RBC Capital Markets
Astor (3rd Floor)

First Potomac Realty Trust
Douglas Donatelli, President & CEO
Jordan Sadler, Director, KeyBanc Capital Markets
Conrad (4th Floor)

Hospitality Properties Trust
John Murray, President & COO
Jeffrey Donnelly, Managing Director, Wachovia Securities
Park Avenue Center (4th Floor)

Lexington Realty Trust
Wilson Eglin, CEO
John Guinee, III, Managing Director, Stifel, Nicolaus & Co., Inc.
Basildon (3rd Floor)

UDR, Inc.
Thomas Toomey, President & CEO
Robert Stevenson, Executive Director, Morgan Stanley
Duke of Windsor (4th Floor)

Corporate Office Properties Trust
Randall Griffin, President & CEO
Paul Puryear, Managing Director, Raymond James & Associates
Basildon (3rd Floor)

EastGroup Properties, Inc.
David Hoster, II, President & CEO
Paul Morgan, Managing Director, Friedman, Billings,Ramsey & Co., Inc.
Conrad (4th Floor)

Entertainment Properties Trust
David Brain, President & CEO
Anthony Paolone, Executive Director, J.P. Morgan Securities Inc.
Duke of Windsor (4th Floor)

RAIT Financial Trust
Jack Salmon, CFO
Marsella Martino, VP, KeyBanc Capital Markets
Park Avenue Center (4th Floor)

Realty Income Corporation
Thomas Lewis, Vice Chairman & CEO
Robert Whittemore, VP & Senior Equity Research Analyst,BB&T Capital Markets
Astor (3rd Floor)

Moderator: Lawrence Gray, Managing Director & Group Head-Real Estate Corporate Finance, Wachovia Securities

Panelists: James Corl, EVP, Cohen & Steers Capital Management
William Hankowsky, Chairman, President & CEO, Liberty Property Trust
Steven Marks, Managing Director, Fitch Ratings
Louis Taylor, Managing Director, Deutsche Bank Securities, Inc.
Donald Wood, President & CEO, Federal Realty Investment Trust

Capital Trust, Inc.
Geoffrey Jervis, CFO
James Shanahan, Senior Equity Research Analyst, Wachovia Securities
Park Avenue Center (4th Floor)

Education Realty Trust, Inc.
Paul Bower, President, Chairman & CEO
Thayne Needles, Research Analyst, Robert W. Baird & Co.
Conrad (4th Floor)

Extra Space Storage Inc.
Kenneth Woolley, Chairman & CEO
Michael Salinsky, VP, RBC Capital Markets
Duke of Windsor (4th Floor)

Société de la Tour Eiffel (France)
Mark Inch, Chairman
Cedrik Lachance, Senior Analyst, Green Street Advisors Inc.
Astor (3rd Floor)

American Land Lease, Inc.
Robert Blatz, President & CEO
David Rodgers, Director, RBC Capital Markets
Park Avenue Center (4th Floor)

FelCor Lodging Trust Incorporated
Richard Smith, President & CEO
Napoleon Overton, First VP, Morgan Keegan & Co., Inc.
Duke of Windsor (4th Floor)

First Industrial Realty Trust, Inc.
Michael Brennan, President & CEO
Sri Nagarajan, VP, RBC Capital Markets
Basildon (3rd Floor)

Glimcher Realty Trust
Michael Glimcher, President & CEO
Richard Moore, Managing Director, RBC Capital Markets
Conrad (4th Floor)

Kilroy Realty Corporation
John Kilroy, Jr., President & CEO
David AuBuchon, VP, A.G. Edwards & Sons, Inc.
Astor (3rd Floor)

Introduction: Martin Stein, Jr., Chairman & CEO, Regency Centers Corporation, and First Vice Chair, NAREIT

Moderator: Richard Saltzman, President, Colony Capital, LLC

Panelists: John Kriz, Managing Director, Moody's Investors Service
Steven Sakwa, Senior Director, Merrill Lynch & Co., Inc.
Jay Sugarman, Chairman & CEO, iStar Financial Inc.
Marjorie Tsang, Assistant Deputy Comptroller, New York State Common Retirement Fund

Annaly Capital Management, Inc.
Ronald Kazel, Managing Director
Andrew Wessel, VP, J.P. Morgan Securities Inc.
Park Avenue Center (4th Floor)

Colonial Properties Trust
Reynolds Thompson, III, CEO
Alexander Goldfarb, Director, UBS Securities Inc.
Conrad (4th Floor)

Cousins Properties Incorporated
Thomas Bell, Jr., President & CEO
David Cohen, VP, Morgan Stanley
Astor (3rd Floor)

National Retail Properties, Inc.
Craig Macnab, CEO
Kenneth Avalos, VP, Raymond James & Associates
Basildon (3rd Floor)

Rayonier Inc.
Lee Thomas, President & CEO
Mark Weintraub, SVP, Buckingham Research Group
Duke of Windsor (4th Floor)

AMB Property Corporation®
Hamid Moghadam, Chairman & CEO
Michael Mueller, EVP, J.P. Morgan Securities Inc.
Conrad (4th Floor)

CBL & Associates Properties, Inc.
John Foy, Vice Chairman & CFO
Jonathan Habermann, VP & Senior REIT Analyst, Goldman Sachs & Co.
Duke of Windsor (4th Floor)

Gramercy Capital Corp.
Robert Foley, CFO
David AuBuchon, VP, A.G. Edwards & Sons, Inc.
Park Avenue Center (4th Floor)

Vornado Realty Trust
Steven Roth, Chairman & CEO
Jonathan Litt, Managing Director, Citigroup Global Markets Inc.
Astor (3rd Floor)

Moderator: Michael Grupe, EVP-Research & Investor Outreach, NAREIT

Panelists: Blake Eagle, Executive Director Emeritus, National Council of Real Estate Investment Fiduciaries
Robert Greer, SVP, PIMCO
William Ortiner, Managing Director, Citigroup Global Markets, Inc.
Robert Ray, SVP-Business Development, Chicago Board of Trade

American Financial Realty Trust
Harold Pote, President & CEO
John Guinee, III, Managing Director, Stifel, Nicolaus & Co.,Inc.
Duke of Windsor (4th Floor)

CapitalSource
John Delaney, Chairman & CEO
Donald Fandetti, Equity Research Analyst, Citigroup Global Markets Inc.
Park Avenue Center (4th Floor)

Home Properties, Inc.
Edward Pettinella, President & CEO
John Stewart, VP & Senior Analyst, Credit Suisse
Conrad (4th Floor)

Host Hotels & Resorts, Inc.
Christopher Nassetta, President & CEO
William Crow, SVP, Raymond James & Associates
Basildon (3rd Floor)

Kimco Realty Corporation
Milton Cooper, CEO
Jeffrey Spector, Retail REIT Analyst, UBS Securities LLC
Astor (3rd Floor)

Medical Properties Trust Inc.
Edward Aldag, Jr., Chairman, President & CEO
Jerry Doctrow, Managing Director, Stifel, Nicolaus & Co.,Inc.
Basildon (3rd Floor)

New City Residence Investment Corp. (Japan)
Tetsuya Fujita, President, CBRE Residential Management K.K. & Executive Director
Yoshizumi Kimura, Director-Equity Research, Nikko Citigroup Ltd.
Park Avenue Center (4th Floor)

Public Storage, Inc.
Ronald Havner, Jr., President & CEO
Craig Melcher, VP, Citigroup Global Markets Inc.
Conrad (4th Floor)

Regency Centers Corporation
Martin E. Stein, Jr., Chairman & CEO
Christine McElroy, Analyst, Banc of America Securities LLC
Astor (3rd Floor)

Strategic Hotels & Resorts, Inc.
Laurence Geller, President & CEO
Jeffrey Donnelly, Managing Director, Wachovia Securities
Duke of Windsor (4th Floor)

BioMed Realty Trust
Alan Gold, President & CEO
Paul Puryear, Managing Director, Raymond James & Associates
Conrad (4th Floor)

Gladstone Commercial Corporation
David Gladstone, Chairman & CEO
Thayne Needles, Research Analyst, Robert W. Baird & Co.
Park Avenue Center (4th Floor)

The British Land Company, plc (UK)
Steven Hester, CEO
Duke of Windsor (4th Floor)

Camden Property Trust
Richard Campo, Chairman & CEO
Jonathan Habermann, VP & Senior REIT Analyst, Goldman Sachs & Co.
Conrad (4th Floor)

Federal Realty Investment Trust
Donald Wood, President & CEO
Paul Morgan, Managing Director, Friedman, Billings,Ramsey & Co., Inc.
Astor (3rd Floor)

IVG Immobilien AG (Germany)
Dr. Wolfhard Leichnitz, CEO
Jonathan Litt, Managing Director, Citigroup Global Markets Inc.
Duke of Windsor (4th Floor)

Quadra Realty Trust
Evan Denner, CEO
Basildon (3rd Floor)

SL Green Realty Corp.
Marc Holliday, President & CEO
Steven Sakwa, Managing Director, Merrill Lynch & Co., Inc.
Jade (3rd Floor)

Thornburg Mortgage, Inc.
Larry Goldstone, President & COO
Douglas Harter, Associate, Credit Suisse
Park Avenue Center (4th Floor)

Brookfield Properties Corporation
Richard Clark, President & CEO
Michael Bilerman, Director, Citigroup Global Markets Inc.
Conrad (4th Floor)

Duke Realty Corporation
Dennis Oklak, Chairman & CEO
Matthew Ostrower, Managing Director, Morgan Stanley
Basildon (3rd Floor)

Essex Property Trust, Inc.
Keith Guericke, President & CEO
Alexander Goldfarb, Director, UBS
Duke of Windsor (4th Floor)

iStar Financial Inc.
Jay Sugarman, Chairman & CEO
Donald Fandetti, Equity Research Analyst, Citigroup Global Markets Inc.
Astor (3rd Floor)

Primary Health Properties plc (UK)
Harry Hyman, Chief Executive
Park Avenue Center (4th Floor)

Simon Property Group
David Simon, CEO
Christine McElroy, Analyst, Banc of America Securities LLC
Jade (3rd Floor)

Global Program Partner: British Property Federation
Introduction: Liz Peace, Chief Executive, British Property Federation

Moderator: Tim Wheeler, Chief Executive, Brixton plc

Panelists: Michael Brodtman, Executive Director-Valuation Advisory, CB Richard Ellis Ltd.
Alastair Hughes, CEO-Europe, Jones Lang LaSalle Ltd.
Liz Peace, Chief Executive, British Property Federation
Mike Prew, Head of European Real Estate Research, Lehman Brothers
Francis Salway, Group CEO, Land Securities Group plc

Capstead Mortgage Corporation
Andrew Jacobs, President & CEO
Bose George, SVP, Keefe, Bruyette & Woods
Park Avenue Center (4th Floor)

Equity Residential
David Neithercut, President & CEO
Robert Stevenson, Executive Director, Morgan Stanley
Conrad (4th Floor)

Japan Retail Fund Investment Corporation (Japan)
Yuichi Hiromoto, President & CEO/Mitsubishi Corp.-UBS Realty, Inc.
Yoshizumi Kimura, Director-Equity Research, Nikko Citigroup Ltd.
Duke of Windsor (4th Floor)

The Macerich Company
Thomas O’Hern, EVP & CFO
James Sullivan, Principal, Green Street Advisors Inc.
Jade (3rd Floor)

ProLogis
Jeffrey Schwartz, CEO
Jonathan Habermann, VP & Senior REIT Analyst, Goldman Sachs & Co.
Astor (3rd Floor)

Ventas, Inc.
Debra Cafaro, Chairman, President & CEO
Dustin Pizzo, Analyst, Banc of America Securities LLC
Basildon (3rd Floor)

AvalonBay Communities, Inc.
Bryce Blair, Chairman & CEO
Craig Leupold, Principal, Green Street Advisors Inc.
Jade (3rd Floor)

Brandywine Realty Trust
Gerard Sweeney, President & CEO
Sri Nagarajan, VP, RBC Capital Markets
Duke of Windsor (4th Floor)

Centerline Capital Group (formerly CharterMac)
Robert Levy, CFO
Park Avenue Center (4th Floor)

Developers Diversified Realty Corporation
Scott Wolstein, Chairman & CEO
Louis Taylor, Managing Director, Deutsche Bank Securities, Inc.
Astor (3rd Floor)

Liberty Property Trust
William Hankowsky, Chairman & CEO
Cedrik Lachance, Senior Analyst, Green Street Advisors Inc.
Basildon (3rd Floor)

Chair's Remarks: Arthur Coppola, President & CEO, The Macerich Company
President's Remarks: Steven Wechsler, President & CEO, NAREIT
2006 REIT Industry Leadership Award Recipient: Edward Linde, CEO, Boston Properties, Inc.

Moderator: Mike Kirby, Principal, Green Street Advisors Inc.

Panelists: Michael Pralle, President & CEO, GE Real Estate
Steven Roth, Chairman & CEO, Vornado Realty Trust
Samuel Zell, Chairman, Equity Group Investments

Arbor Realty Trust, Inc.
Ivan Kaufman, President & CEO
James Shanahan, Senior Equity Research Analyst,Wachovia Securities
Park Avenue Center (4th Floor)

Boston Properties, Inc.
Douglas Linde, President & CFO
Mitchell Germain, Analyst, Banc of America Securities LLC
Astor (3rd Floor)

Capital & Regional, plc (UK)
Martin Barber, Chief Executive
Christopher Haley, Managing Director, Wachovia Securities
Duke of Windsor (4th Floor)

General Growth Properties, Inc.
John Bucksbaum, CEO
Louis Taylor, Managing Director, Deutsche Bank Securities,Inc.
Jade (3rd Floor)

Plum Creek Timber Company, Inc.
Rick Holley, President & CEO
Mark Weintraub, SVP, Buckingham Research Group
Basildon (3rd Floor)

Sunstone Hotel Investors, Inc.
Robert Alter, CEO
Jeffrey Randall, Analyst, A.G. Edwards & Sons, Inc.
Conrad (4th Floor)

DCT Industrial Trust Inc.
Phillip Hawkins, CEO
Christopher Haley, Managing Director, Wachovia Securities
Jade (3rd Floor)

Parkway Properties, Inc.
Steven Rogers, President & CEO
Christopher Haley, Managing Director, Wachovia Securities
Duke of Windsor (4th Floor)

Potlatch Corporation
Michael Covey, CEO
Mark Weintraub, SVP, Buckingham Research Group
Park Avenue Center (4th Floor)

Senior Housing Properties Trust
David Hegarty, President & COO
Jerry Doctrow, Managing Director, Stifel, Nicolaus & Co.,Inc.
Basildon (3rd Floor)

Weingarten Realty Investors
Andrew Alexander, CEO
Jeffrey Donnelly, Managing Director, Wachovia Securities
Astor (3rd Floor)

Westfield Group (Australia)
Mark Stefanek, CFO
Matthew Ostrower, Managing Director, Morgan Stanley
Conrad (4th Floor)

Chartwell Seniors Housing REIT (Canada)
Robert Ezer, CEO
Neil Downey, Analyst, RBC Capital Markets
Park Avenue Center (4th Floor)

Highwoods Properties, Inc.
Edward Fritsch, President & CEO
Louis Taylor, Managing Director, Deutsche Bank Securities,Inc.
Astor (3rd Floor)

LaSalle Hotel Properties
Jon Bortz, Chairman & CEO
William Crow, SVP, Raymond James & Associates
Basildon (3rd Floor)

Mack-Cali Realty Corporation
Mitchell Hersh, President & CEO
Ian Weissman, Director, Merrill Lynch & Co., Inc.
Jade (3rd Floor)

Mid-America Apartment Communities, Inc.
Eric Bolton, Jr., Chairman & CEO
David Rodgers, Director, RBC Capital Markets
Duke of Windsor (4th Floor)

Pennsylvania Real Estate Investment Trust
Ronald Rubin, Chairman & CEO
Jeffrey Spector, Retail REIT Analyst, UBS Securities LLC
Conrad (4th Floor)

Global Program Partner: Property Council of Australia
Introduction: Trevor Cooke, Executive Director-Capital Markets, Property Council of Australia

Moderator: Donald Suter, Managing Principal, M3 Capital Partners LLC

Panelists: Keith Guericke, President & CEO, Essex Property Trust, Inc.
David Henry, Vice Chairman & Chief Investment Officer, Kimco Realty Corporation
Hamid Moghadam, Chairman & CEO, AMB Property Corporation

Brixton plc (UK)
Tim Wheeler, Chief Executive
Anthony Paolone, Executive Director, J.P. Morgan Securities Inc.
Park Avenue Center (4th Floor)

Health Care Property Investors, Inc.
James Flaherty, III, Chairman & CEO
Jerry Doctrow, Managing Director, Stifel, Nicolaus & Co., Inc.
Basildon (3rd Floor)

Maguire Properties, Inc.
Dallas Lucas, CFO
John Stewart, VP & Senior Analyst, Credit Suisse
Jade (3rd Floor)

Taubman Centers, Inc.
Robert Taubman, Chairman, President & CEO
Michael Mueller, EVP, J.P. Morgan Securities Inc.
Astor (3rd Floor)

U-Store-It Trust
Dean Jernigan, CEO
John Sheehan, Associate VP, A.G. Edwards & Sons, Inc.
Conrad (4th Floor)

Washington Real Estate Investment Trust
George McKenzie, President & COO
Christopher Lucas, Senior Research Analyst, Robert W. Baird & Co.
Duke of Windsor (4th Floor)

Boardwalk REIT (Canada)
Sam Kolias, President & CEO
Neil Downey, Analyst, RBC Capital Markets
Park Avenue Center (4th Floor)

Cedar Shopping Centers, Inc.
Leo Ullman, President, Chairman & CEO
David Fick, Managing Director, Stifel, Nicolaus & Co., Inc.
Duke of Windsor (4th Floor)

Equity One, Inc.
Gregory Andrews, CFO
Michael Mueller, EVP, J.P. Morgan Securities Inc.
Duke of Windsor (4th Floor)

Mori Hills REIT Investment Corporation (Japan)
Tsutomu Horiuchi, Executive Director
Park Avenue Center (4th Floor)

American Mortgage Acceptance Company
Robert Levy, CFO
Park Avenue Center (4th Floor)

AmREIT
Kerr Taylor, Chairman & CEO
Christopher Lucas, Senior Research Analyst, Robert W. Baird & Co.
Duke of Windsor (4th Floor)

Equity Inns, Inc.
Howard Silver, President & CEO
Napoleon Overton, First VP, Morgan Keegan & Co., Inc.
Basildon (3rd Floor)

HRPT Properties Trust
John Popeo, CFO & Treasurer
Sri Nagarajan, Senior Analyst, RBC Capital Markets
Conrad (4th Floor)

Liberty International plc (UK)
David Fischel, CEO
Matthew Ostrower, Managing Director, Morgan Stanley
Jade (3rd Floor)

Macquarie Office Trust (Australia)
Adrian Taylor, CEO
Andrew Rosivach, Head of Listed Property Research Team, Credit Suisse
Astor (3rd Floor)

Kite Realty Group Trust
John Kite, President & CEO
Kenneth Avalos, VP, Raymond James & Associates
Jade (3rd Floor)

Monmouth Real Estate Investment Corporation
Cynthia Morgenstern, EVP
David Fick, Managing Director, Stifel, Nicolaus & Co., Inc.
Duke of Windsor (4th Floor)

NorthStar Realty Finance Corporation
David Hamamoto, CEO
Donald Fandetti, Equity Research Analyst, Citigroup Global Markets Inc.
Park Avenue Center (4th Floor)

PS Business Parks, Inc.
Edward Stokx, EVP & CFO
Richard Anderson, Senior REIT Analyst, BMO CapitalMarkets
Basildon (3rd Floor)

Supertel Hospitality, Inc.
Donavon Heimes, CFO
David Loeb, Senior Research Analyst & Managing Director,Robert W. Baird & Co.
Conrad (4th Floor)

United Urban Investment Corporation (Japan)
Hisamitsu Abe, Chairman of the Board & CEO, Japan REIT Advisors Co., Ltd.
Yoshizumi Kimura, Director-Equity Research, Nikko Citigroup Ltd.
Astor (3rd Floor)

Ramco-Gershenson Properties Trust
Dennis Gershenson, President & CEO
Nathan Isbee, Associate Analyst, Stifel, Nicolaus & Co., Inc.
Duke of Windsor (4th Floor)

Cogdell Spencer Inc.
Frank Spencer, President & CEO
Karin Ford, VP, KeyBanc Capital Markets
Conrad (4th Floor)

Inland Western Retail Real Estate Trust, Inc.
Michael O’Hanlon, SVP & Director-Asset Management
Paul Adornato, Director & Senior REIT Analyst, BMO Capital Markets
Basildon (3rd Floor)

Innkeepers USA Trust
Jeffrey Fisher, CEO
William Truelove, Senior Lodging Analyst, UBS Securities LLC
Jade (3rd Floor)

Thomas Properties Group Inc.
Diana Laing, CFO
David Loeb, Senior Research Analyst & Managing Director,Robert W. Baird & Co.
Park Avenue Center (4th Floor)

UMH Properties, Inc.
Samuel Landy, President
Duke of Windsor (4th Floor)

Agree Realty Corporation
Richard Agree, President & CEO
Merrill Ross, Senior Analyst, Friedman Billings, Ramsey & Co., Inc.
Conrad (4th Floor)

Ashford Hospitality Trust Inc.
Montgomery Bennett, President & CEO
Gustavo Sarago, VP-Real Estate Equity Research,Friedman, Billings, Ramsey & Co., Inc.
Duke of Windsor (4th Floor)

Deerfield Triarc Capital Corp.
Jonathan Trutter, CEO
Douglas Harter, Associate, Credit Suisse
Jade (3rd Floor)

Hammerson plc (UK)
John Richards, CEO
Astor (3rd Floor)

Inland American Real Estate Trust, Inc.
Thomas McGuinness, President & CEO
Paul Adornato, Director-Senior REIT Analyst, BMO Capital Markets
Basildon (3rd Floor)

Capital Lease Funding Inc.
Paul McDowell, President & CEO
Merrill Ross, Senior Analyst, Friedman Billings, Ramsey & Co., Inc.
Park Avenue Center (4th Floor)

Feldman Mall Properties, Inc.
Lawrence Feldman, Chairman & CEO
Richard Moore, Managing Director, RBC Capital Markets
Conrad (4th Floor)

Franklin Street Properties Corp.
George Carter, CEO
Duke of Windsor (4th Floor)

Macquarie Countrywide Trust (Australia)
Steven Sewell, CEO
Andrew Rosivach, Head of Listed Property Research Team, Credit Suisse
Basildon (3rd Floor)

MHI Hospitality Corporation
Andrew Sims, President
Robert Whittemore, VP & Senior Equity Research, BB&T Capital Markets
Astor (3rd Floor)

SEGRO (Slough Estates Group) (UK)
David Sleath, CFO
John Deignan, Executive Director-Global Real Estate Sales, UBS Investment Bank
Jade (3rd Floor)

Global Program Partners: European Public Real Estate Association/Asian Public Real Estate Association/Real Property Association of Canada
Introduction: Nicholas van Omen, CEO, EPRA

Moderator: Ritson Ferguson, CEO & CIO, ING Clarion Real Estate Securities

Panelists: Theodore Bigman, Managing Director,Morgan Stanley Investment Management
Mark Howard-Johnson, Senior Portfolio Manager, Goldman Sachs Asset Management
Samuel Lieber, CEO & Portfolio Manager, Alpine U.S. Real Estate Equity Fund and Alpine International Real Estate Equity Fund
Amos Rogers, III, Managing Director, State Street Global Advisors
Closing Remarks: Peter Mitchell, CEO, APREA