WWWwww.NAREIT.com

Home Features Editor's Desk Taking Stock Developments REIT Reality International Forum Investor Insight Vested Interest Capital Markets Policy Watch Four Quick Questions One-on-One REIT Snapshot Best Practices Professional Perspective Board Room Sector Spotlight Accounting Fund Focus In the Works Names to Note In Closing From the Research Desk By the Numbers Window on Washington Solid Foundations The REIT Report Quick Study Back Issues

45 @ 45 In honor of REITs turning 45, take a look at the 45 events that shaped the course of the REIT industry read more Click here Track the Experts! 2005 Portfolio Stock Challenge FEATURED MEMBER SITE Extra Space Storage Looking for Advertising Opportunities with Real Estate Portfolio? Click here Investing in Real Estate Stocks? Click here First Analysis This group of REIT pioneers may not have fully known what they were getting into, but they knew REITs were headed somewhere worth following Evolution of a Company and an Industry Out of a chance encounter, the business model that would become Public Storage—the self-storage industry leader—was born Retail Has a Reckoning As the dust clears from several industry-shaking deals, REIT professionals weigh in on the sector's next evolution David Simon: TAKING STOCK We’ve Come A Long Way EDITOR'S DESK Thrive to 45 DEVELOPMENTS Ensuring terrorism insurance coverage continues; two more REIT IPOs; Vornado and Public Storage join S&P 500; Germany, U.K. in REIT race; Forest City honored FOUR QUICK QUESTIONS With Legg Mason Wood Walker’s David Fick ONE-ON-ONE Strategy and execution are the name of the game for Essex Property Trusts’ Keith Guericke REIT SNAPSHOT Ashford Hospitality Trust rides the hotel industry roller coaster to success SECTOR SPOTLIGHT Residential REITs building on slow and steady recovery CAPITAL MARKETS Q&A with James Glassman INTERNATIONAL INSIGHTS Asian activity highlighted by APREA launch FUND FOCUS A primer on real estate ETFs and index funds NAMES TO NOTE People making news and moves in the REIT and publicly traded real estate industry BY THE NUMBERS Multiple magic; valuation drivers; and premium real estate IN CLOSING Memories and lessons

Real Estate Portfolio® is the magazine for the REIT and publicly traded real estate industry. It is published bimonthly by the National Association of Real Estate Investment Trusts® (NAREIT), 1875 Eye Street, NW, Suite 600, Washington, DC 20006–5413. Phone 202-739-9400.