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July/August 2007
   Great Expectations
Tom Bell and Cousins Properties prove that taking risk has its rewards





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Real Estate Portfolio is the recipient of the 2006 SNAP EXCEL Gold Award for Single Topic Issue

features
Coming into Focus
Mortgage REITs tighten their lending practices to improve their outlook going forward
Green Investing
Sustainable development is luring investors across the globe
cover


TAKING STOCK
REIT Review

EDITOR'S DESK
All in the Family

DEVELOPMENTS
Lodging REITs check out; CalSTRS ups REIT allocation; Benvenuto REITs; Chief Charls; AMB’s world market

FOUR QUICK QUESTIONS
With BMO Capital Markets’ Paul Adornato

ONE-ON-ONE
With Forest City’s Charles Ratner

REIT SNAPSHOT
Landing on Boardwalk REIT: More than the Monopoly game

SECTOR SPOTLIGHT
Industrial optimism driven by rising construction

CAPITAL MARKETS
Q&A with Steven Marks

FROM THE RESEARCH DESK
REITs use bank financing to take advantage of investment opportunities, increasing stock values

QUICK STUDY
Q&A with C.F. Sirmans, University of Connecticut

INVESTOR INSIGHTS
Examining the compensation landscape of the REIT industry

SOLID FOUNDATIONS
Merchandise Mart: Generating Commerce for Chicago Since 1930

FUND FOCUS
Profile of Dionisio Meneses, Jr. and David Siopack, Schwab Global Real Estate Fund

NAMES TO NOTE
People making news and moves in the REIT and publicly traded real estate industry

IN CLOSING
It’s the debt market, stupid


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.