Anatole Pevnev of REITCafé.com is still maintaining his lead in the 2006 Real Estate Portfolio Stock Challenge as this year’s contestants round the clubhouse turn. However, by the end of July, Peter Slatin’s portfolio surged and catapulted him from the bottom of the rank to second place.

To see updates of how this year’s contest is progressing, log on to www.realestateportfolio.com. The Stock Challenge is for entertainment purposes only, and readers should keep in mind that the selections made are not recommendations to purchase any specific stock.

2006 Real Estate Portfolio Stock Challenge Results Through July 31, 2006 Name/Company Total Return   Portfolio ANATOLE PEVNEV REITCAFE.COM 25.57%      FelCor Lodging Trust, Inc (FCH), Corporate Office Properties Trust (OFC), Kimco Realty Corporation (KIM), Post Properties (PPS), ProLogis (PLD) PETER SLATIN THE SLATIN REPORT 19.09%   SL Green Realty Corp. (SLG), Mid-America Apartment Communities, Inc. (MAA), Host Hotels & Resorts (HST), Extra Space Storage (EXR), American Campus Communities, Inc. (ACC) STEPHANIE KREWSON BB&T CAPITAL MARKETS 18.20%   Archstone-Smith (ASN), Federal Realty Investment Trust (FRT), ProLogis (PLD), LaSalle Hotel Properties (LHO), Crescent Real Estate Equities (CEI) JAY LEUPP ALESCO GLOBAL ADVISORS 17.97%   Equity Office Properties (EOP), Archstone-Smith (ASN), Public Storage, Inc (PSA), Host Hotels & Resorts (HST), CBL & Associates Properties (CBL) RALPH BLOCK PHOCAS FINANCIAL GROUP 17.42%   AvalonBay Communities (AVB), Federal Realty Investment Trust (FRT), Ventas, Inc. (VTR), Sunstone Hotel Investors (SHO), AMB Property Corporation (AMB) ART HAVENER A.G. EDWARDS & SONS 17.36%   Home Properties (HME), Eagle Hospitality Properties (EHP), Alexandria Real Estate Equities (ARE), EastGroup Properties (EGP), Equity Lifestyle Properties (ELS)