Ralph Block

NAREIT presented its Industry Leadership and Achievement Awards during its Annual Convention at The Century Plaza Hotel and Spa in Los Angeles on Nov. 18, 2004. Steven Roth, chairman and CEO of Vornado Realty Trust (NYSE: VNO) and a former NAREIT chair, was the recipient of the Industry Leadership Award. Ralph Block, an industry participant in various professional capacities since the dawn of the modern REIT era and publisher of “The Essential REIT” newsletter, received the Industry Achievement Award.

The Leadership Award is presented to a company executive who has made a significant and lasting contribution to the growth and betterment of the industry. Industry professionals whose acumen and integrity have helped heighten awareness of REITs and publicly traded real estate are eligible for the Achievement Award.

NAREIT Chair David Simon (right) presents former Chair Steven Roth with the 2004 Industry Leadership Award.

Roth, who serves as Vornado’s chairman and CEO, is the co-founder and managing general partner of Interstate Properties and chairman and CEO of Alexander’s, Inc. He served as NAREIT chair in 2003. Roth is credited with advancing the industry’s 401(k) outreach initiative, addressing emerging accounting issues and his active involvement in the enactment and implementation of the Terrorism Risk Insurance Act. Roth has also been a strong supporter of industry outreach underscoring the benefits of including REIT stocks in individual and institutional portfolios.

Block, a REIT stock investor for more than 30 years, is presently the owner and proprietor of Essential REIT Publishing Co., an independent advisor to, and publisher of information for, REIT industry investors. From 1993 through 2003, he was chief REIT portfolio manager with Bay Isle Financial LLC.

Both awards were created in 1992 to honor NAREIT members who have displayed excellence in their contributions to the real estate industry and to the programs of the association. Since 1996, they have been bestowed in memory of past NAREIT Chair E. Lawrence Miller.

NAREIT REIT Industry Award Recipients
Industry Leadership Award		Industry Achievement Award
2004	Steven Roth, Chairman & CEO, Vornado Realty Trust	2004	Ralph Block, Owner and Proprietor, The Essential REIT Publishing Co.
2003	William D. Sanders, Founder and Co-Chairman, Verde Group LLC	2003	Jon Fosheim and Mike Kirby, Principals, Green Street Advisors
2002	Kenneth Roath, Chairman and CEO, Health Care Property Investors, Inc.	2002	Barry Vinocur, Editor-in-Chief, Realty Stock Review
2001	Bernard Winograd, CEO, Prudential Real Estate Investors	2001	Martin Cohen, President, Cohen & Steers Capital Management
2000	Samuel Zell, Chairman, Equity Group Investments	2000	Robert A. Frank, President and CEO, Intellectual Capital Markets, Inc.
1999	Milton Cooper, Chairman and CEO, Kimco Realty Corporation	1999	Richard B. Saltzman, Managing Director, Merrill Lynch & Co., Inc.
1998	Stanford J. Alexander, Chairman and CEO, Weingarten Realty Investors	1998	Morris L. Kramer, Partner, Roberts & Holland LLP
1997	John P. McCann, Chairman and CEO, United Dominion Realty Trust	1997	Mark O. Decker, Managing Director, Friedman, Billings, Ramsey & Co., Inc.
1996	Sylvan M. Cohen, Chairman, Pennsylvania Real Estate Investment Trust	1996	Kenneth D. Campbell, Chairman and CEO, CRA Real Estate Securities
1995	William Newman, Chairman, New Plan Excel Realty Trust	1995	Howard Mason, Senior Vice President, BRE Properties, Inc.
1994	Arthur von Thaden, Chairman, BRE Properties	1994	William King, Partner, Goodwin, Procter & Hoar LLP
1993	Arthur W. Viner, Former Chairman and CEO, ICM Property Investors Inc.
1992	Royce B. McKinley, Chairman, Santa Anita Realty Enterprises