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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

$1 Trillion Commercial Real Estate Reaches a Securitization Milestone read more Award-Winning Special Issue Click here Track the Experts! 2005 Portfolio Stock Challenge FEATURED MEMBER SITE The Macerich Company Looking for Advertising Opportunities with Real Estate Portfolio? Click here Investing in Real Estate Stocks? Click here Real Estate Portfolio is the recipient of the 2006 SNAP EXCEL Gold Award for Single Topic Issue Opportunity & Optimism After last year’s devastating hurricanes, property owners and residents in the Gulf Coast rebuild and look toward the future REIT Dividends Still Blooming For investors looking to grow their portfolio’s income, REITs continue to be a logical choice Indexes: An Investment Strategy or Investment Benchmark Does indexed investing have a place in your portfolio? Spreading Its Wings Duke Realty Corporation sheds its regional focus and embarks on a strategic national expansion R. Scot Sellers: TAKING STOCK Maintaining Focus on 401(k) Initiative EDITOR'S DESK After the Storm DEVELOPMENTS Two more REITs added to S&P 500; Capital & Regional comes aboard; educating German investors; Trizec Properties reduces, reuses and recycles; big deals keep on turnin’; GE maximizes international opportunities; empowering small investors; and Macerich and Host Hotels ahead of the PAC REIT Reality Did you know that since the start of 2004, approximately 60 percent of all REIT M&A activity has been public-to-public transactions? FOUR QUICK QUESTIONS With RBC Capital Markets’ Richard C. Moore II ONE-ON-ONE CBL & Associates’ visionary force Charles Lebovitz REIT SNAPSHOT Eagle Hospitality Properties Trust has landed SECTOR SPOTLIGHT Mortgage REITs: Fed’s Up, What’s Next? CAPITAL MARKETS Q&A with Martin Cohen of Cohen & Steers, Inc. WINDOW ON WASHINGTON Sen. Dick Durbin PROFESSIONAL PERSPECTIVES With the introduction of REIT-enabling legislation, REITs cleared for the U.K. INTERNATIONAL FORUM REITs in India—A Ways to Go INVESTOR INSIGHT How 1031 exchanges work for REITs FUND FOCUS Profile of the Fidelity Real Estate Investment Portfolio NAMES TO NOTE People making news and moves in the REIT and publicly traded real estate industry BY THE NUMBERS Commercial real estate acquisitions; Stock Challenge update; and global top 25 IN CLOSING Closing the GAAP

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