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ADVISORY COMMITTEE

Lee D. Haris 2BeMa Network, Inc. San Francisco, CA

Martinn Mandles ABM Industries, Inc. Los Angeles, CA

Gregory E. Sauter Acadia Management Company Port Washington, NY

George R. Gunn, Jr. ACTS Retirement-Life Communities, Inc. West Point, PA

Scott S. Davidson Adjusters International Golden, CO

John J. Piazza, Jr. Adult Care Management Corporation Clearwater, FL

Mark B. Potter AEW Capital Management L.P. Boston, MA

Arthur Fefferman AFC Realty Capital Inc. New York, NY

Andre F. Shashaty Alexander & Edwards Publishing, Inc. San Francisco, CA

Michael E. Mueller AllApartments Scottsdale, AZ

Denise D. Browning Allstate Insurance Company Northbrook, IL

D. Lee Field Alternative Living Services, Inc. Tacoma, WA

Paul L. Abbott America First Companies New York, NY

David B. Ferguson American Baptist Homes of the West Oakland, CA

David Sgrignoli American Gas Association Arlington, VA

Christopher J. Coates American Retirement Corporation Brentwood, TN

Stephen R. Vincent American Utility Management, Inc. Hillside, IL

Marvin M. Franklin AMRESCO Advisors, Inc. Boston, MA

Mike Mullin AMSI/GEAC Houston, TX

Kevin Madden AON Risk Services, Inc. of New York New York, NY

Nancy J. Ahlswede Apartment Assn., Ca. So. Cities Long Beach, CA

Evan D. Jennings Apartment Group, Inc. Atlanta, GA

Brad Brodigan Apartments.com Chicago, IL

Philip B. Peacock ApartmentWorld.com San Antonio, TX

Brian Liistro Arbors Manchester, CT

Gary E. Davis Archon Group Irving, TX

Neil D. Freeman Aries Capital, Inc. Chicago, IL

Robert C. Lux Artemis Partners, Inc. Minneapolis, MN

Daniel J. McNamara Arthur J. Gallagher & Company San Francisco, CA

Douglas M. Pasquale ARV Assisted Living, Inc. Costa Mesa, CA

Stephen B. Ashley Ashley Group Rochester, NY

E. James Keledjian Associated Ventures, Inc. Chicago, IL

Marc E. deBaptiste Atlantic Realty Partners Boca Raton, FL

Adam D. Peterson Atlas Financial Corporation Chicago, IL

Wayne L. Kaplan Atria Senior Quarters Woodbury, NY

Michael T. Butler Bailey Capital Corporation Washington, DC

Thomas E. Meador Balcor Company Bannockburn, IL

Almon Bowen Ballard Ballard Realty Companies, Inc. Montgomery, AL

Sheryl R. Skolnick BancBoston Robertson Stephens, Inc. New York, NY

Charles J. Brenner Bank of America San Francisco, CA

Michael T. Davitt Bank United of Texas FSB Houston, TX

Barry M. Kornblau Richmond, VA

Richard Bighinatti Beacon Residential Management Richmond, VA

Bruce A. Beal Beal Companies Boston, MA

Gregory J. Spevok Bear, Stearns & Co. Inc. New York, NY

Patricia G. Will BelmontCorp Houston, TX

Kelley A. Bergstrom Ben Fitzgerald Real Estate Services, LLC Kenilworth, IL

Harold Beznos Beztak Companies Farmington Hills, MI

Dave Riedman Bierworth-Riedman Homes Inc. Rochester, NY

David Binswanger Binswanger Advisory Group Philadelphia, PA

Sanford J. Fleschman Birtcher Senior Properties Laguna Niguel, CA

John R. Nicolay Bovis Construction Corp. Charlotte, NC

Thomas S. Bozzuto Bozzuto Group Greenbelt, MD

Karen A. Marshall Brickman Group, Ltd. Langhorne, PA

Mitchell Christopher Brink's Home Security, Inc. Irving, TX

William J. Walsh Bristol Chicago Development, L.L.C. Schaumburg, IL

Mark J. Schulte Brookdale Living Communities, Inc. Chicago, IL

Barden Brown Brown Realty Advisors Roswell, GA

Susan LeBoutillier BT Alex. Brown Incorporated New York, NY

Bradley B. Chambers Buckingham Companies Indianapolis, IN

Jeffrey Cagan Cagan Management Group, Inc. Skokie, IL

Stephen E. Carlson California Housing Council/AAGLA Sacramento, CA

Glenna Twing CallSource Calabasas Hills, CA

Bryan Bailey CALPERS Sacramento, CA

Jeffrey A. Davis Cambridge Realty Capital, Ltd. Chicago, IL

Allan O. Hunter, Jr. Camden Capital Newport Beach, CA

Mark D. Roth Capital Consulting Group Newark, DE

Daryl J. Carter Capri Mortgage Capital, LLC Irvine, CA

Marc Benson CareMatrix Corporation Needham, MA

C. Kent Harrington Cathedral Rock Corporation Ft. Worth, TX

Boyer Taylor CCIC (I), Inc. Houston, TX

Christopher Lee CEL & Associates, Inc. Los Angeles, CA

Michael M. Vick Centex Multi-Family Dallas, TX

Charles G. Oewel CFC Corporation San Rafael, CA

Wendy M. Coke Charles River Park Management Co., L.P. Boston, MA

Anthony Niosi Citibank Private Bank New York, NY

Frank L. Sullivan, Jr. Clarion Partners New York, NY

Douglas R. Sandor Clark Realty Capital, L.L.C. Bethesda, MD

Mary G. Leary Classic Residence by Hyatt Chicago, IL

Allen McMurtry, Jr. CLW Realty Group, Inc. Tampa, FL

Joseph M. Harvey Cohen & Steers Realty New York, NY

David M. McGrain Cohen Financial Chicago, IL

Mitchell Blatt Coinmach Corporation Roslyn, NY

David A. Roberts Collateral Mortgage, Ltd. Birmingham, AL

Arthur Collins, Sr. Collins Enterprises L.L.C. Old Greenwich, CT

William E. Colson Colson & Colson/Holiday Retirement Corp. Salem, OR

Kieran P. Quinn Column Financial, Inc. Atlanta, GA

Carrie W. Connolly ComEd Hinsdale, IL

Barry Rudofsky Community Housing Improvement Program New York, NY Patrick T. Connor Connor Environmental Services & Engineering Assessments Baltimore, MD

Marty Jones Corcoran Jennison Companies Boston, MA

Daniel P. Ford Cornerstone Realty Income Trust, Inc. Richmond, VA

Robert S. Keith Corporation for Interest Rate Management Chicago, IL

David A. Dwight Covenant Retirement Communities Chicago, IL

Stephen P. Jones Credit Suisse First Boston Corporation New York, NY

Martin R. Satava CRSA, Inc. Memphis, TN

David B. Watkins, Jr. Cumberland Property Management, Inc. Tampa, FL

Len Helbig, Jr. Cushman & Wakefield, Inc. Philadelphia, PA

Steven J. Sherwood CWS Capital Partners, L.L.C. Newport Beach, CA

William P. Donohue, Jr. D.G. Hart Associates, Inc. New York, NY

Evan F. Denner Daiwa Securities America Inc. New York, NY

Robert D. Burns Deutsche Bank Securities New York, NY

Gary Langendoen Direct Digital Communications Los Angeles, CA

John M. Toliver, Jr. Duff & Phelps Credit Rating Co. Chicago, IL

Joseph M. Braunschek DVI Merchant Funding Doylestown, PA

Maria Pietroforte E & S Ring Management Corporation Culver City, CA

Donald M. Eby Eby Holdings Olathe, KS

W. Michael Doramus Echelon Residential Inc. Dallas, TX

James E. Eden Eden & Associates, Inc. Wilson, NY

Keeley Kirkendall Edison Capital Irvine, CA

Mark D. Betts EEA Realty, LLC Arlington, VA

Andy Saleh Electric Power Research Institute Dallas, TX

Jeffrey S. Elowe Elkor Realty Corporation Chicago, IL

Robin H. Eggert Elness Swenson Graham Architects, Inc. Minneapolis, MN

James Williams Encore Senior Living Portland, OR

Phillip W. Neeves Energy Billing Systems, Inc. Colorado Springs, CO

Eric Hartness Entergy, Inc. Little Rock, AR

Eli J. Almo ERA Care Communities Seattle, WA

Eugene J. Burger Eugene Burger Management Corporation Greenbrae, CA

Philip J. Martin Everen Securities, Inc. Chicago, IL

Thomas W. White Fannie Mae Washington, DC

Max M. Farash Farash Corporation Rochester, NY

Patrick M. Kelly FDC Management, Inc. Fullerton, CA

Lawrence M. Gelb FIC Management, Incorporated Newton, MA

Mike E. Miles Fidelity Investments Boston, MA

Thomas E. Fielder Fielder & Associates, Inc. Lexington, KY

Bryan Townsend Financial Security Assurance Inc. New York, NY

Marvy A. Finger Finger Companies Houston, TX

Shannon Mehrens FINOVA Capital Irvine, CA

Dave Higham First American Information Reporting San Diego, CA

Brian A. Lobuts First American Title Insurance Company Washington, DC

Terry A. Lerman First Capital Corporation Pittsburgh, PA

Lester Zimmerman First Capital Realty, Inc. Bethesda, MD

Mark L. Weshinskey First Centrum, LLC Sterling, VA

Scott A. Kavel First Fidelity Mortgage Corporation Atlanta, GA

Carolyn Ann Gray First Security Commercial Mortgage Chicago, IL

Steven R. Utley First Worthing Company Dallas, TX

Kathleen M. Randall Fleet Bank Boston, MA

W. Randall Jones Flournoy Development Company Columbus, GA

Edward de Guardiola Focus Group, Inc. Atlanta, GA

Ernest J. Martin For Rent Magazine Dallas, TX

Richard L. Fore Fore Property Company Washington, DC

David J. Freshwater Fountains Affiliated Companies, Inc. Tucson, AZ

Joseph E. Resende Franklin Capital Group Alexandria, VA

Gresham Roskamp Freedom Management Company San Juan Capistrano, CA

William H. Freeman Freeman Webb Company Nashville, TN

Steven A. Karpf Fremont Realty Capital LLC New York, NY

James D. Locke Friedman, Billings, Ramsey & Co., Inc. Arlington, VA

Robert A. Koch Fugleberg Koch Architects Winter Park, FL

Ruth Eisenhauer Gables Development Company McLean, VA

John L. Freeman GE Appliances Louisville, KY

Preston R. Sargent GE Investments Stamford, CT

Frank Basile Gene B. Glick Company, Inc. Indianapolis, IN

Gerson Bakar Gerson Bakar & Associates San Francisco, CA

Anthony S. Quattrochi Global Interactive Communications Corporation Hartford, CT

G. Douglas Gunn Goldman, Sachs & Co. Dallas, TX

Michael S. Brodsky Goldstar Group Bethesda, MD

Richard B. Chess Goodman Segar Hogan Hoffler Richmond, VA

Scott W. Gordon Gordon Health Ventures, Inc. Beaver, PA

Mari Jo Grace Grace Management, Inc. Minneapolis, MN

Deborah Luciani Grand Court Lifestyles, Inc. Boca Raton, FL

Aubrey Layne Great Atlantic Management L.L.C. Hampton, VA

Michael B. Pagh Great Lakes Management Co. Minneapolis, MN

Felice L. Michetti Grenadier Realty Corp. Brooklyn, NY

Stacy G. Hunt Greystar Management Services L.P. Houston, TX

Michael B. Lanahan Greystone Communities, Inc. Irving, TX

Gary L. Gross Gross Builders North Royalton, OH

Todd Werby Grosvenor Properties Ltd. San Francisco, CA

Douglas P. Frye Grubb & Ellis Company Northbrook, IL

Richard J. Nordman GTE Media Ventures Incorporated Irving, TX

Robert D. Brugger GTE Network Services Dallas, TX

Alan C. Plush Gulf/Atlantic Valuation Services, Inc. Sarasota, FL

Edward P. Crouch H.C. Wainwright & Co., Inc. Boston, MA

Wendy Horn HADC Nashville, TN

Stuart R. Davis Hammes Company Denver, CO

James T. Hands Hampstead Group Dallas, TX

John Lie-Nielsen HandyTrac Systems, Inc. Bradenton, FL

Jordan E. Slone Harbor Group Capital Corporation Norfolk, VA Carol MacKinnon Harbour Realty Advisors, Inc. Bay Harbour, FL

Harold S. Fry Hauck Companies, Inc. Cincinnati, OH

Raymond W. Braun Health Care REIT, Inc. Toledo, OH

Carolyn Small HealthCare Financial Partners Chevy Chase, MD

Harvey P. Rafofsky Healthtrust America, Inc. Hollywood, FL

Gary R. Hediger Hediger Enterprises Inc. Greenville, SC

James M. Bachner Heitman Financial Services Ltd. Chicago, IL

Pamela F. Newland Hendersen-Webb, Inc. Cockeysville, MD

Donald Hendricks Hendricks & Partners Phoenix, AZ

R. Jeffrey Sands Herbert J. Sims & Co., Inc. Westport, CT

Laura Anderson Beuerlein Heritage Title Company of Austin, Inc. Austin, TX

Charles J. Herman, Jr. Herman/Turner Group, LLC New Castle, DE

Norton Herrick Herrick Company, Inc. Boca Raton, FL

Charlene MacPherson Hitachi Telecom (USA), Inc. Norcross, GA

Nelson B. Leenhouts Home Properties of New York Rochester, NY Dwight C. Culver Horizon Communities Improvement Association, Inc. Horizon City, TX

C. Jay Barlow Horn-Barlow Companies Dallas, TX

Steven J. Fairbanks Host Marriott Corporation Bethesda, MD

Richard H. Edson Housing Capital Advisors LLC McLean, VA

Robert C. Metz HPC Publications Norcross, GA

Mark Humphreys Humphreys & Partners Architects, Inc. Dallas, TX

Hammond Hunt Hunt Assisted Living, LLC Abingdon, VA

A. Wilhelm Veenhuysen ING Real Estate Washington, DC

Steven D. Sanders Inland Real Estate Investment Corporation Oak Brook, IL

Jeffrey L. Goldberg Insignia Financial Group, Inc. New York, NY

Jeanne Gorman Interactive Consultant LLC Cherry Hill, NJ

Edward I. Biskind InterCapital Partners, Ltd. Houston, TX

Albert R. Diehl InterQuest Communications, Inc. Washington, DC

Keith Hylton Itron, Inc. Spokane, WA

James J. DeLuca J.J. DeLuca Company, Inc. Wayne, PA

Lewis Rumford JBG Companies Washington, DC

Jun Hun John Hancock Real Estate Investment Group Boston, MA Donald M. Blake, Sr. Joseph J. Blake and Associates, Inc. Jericho, NY

Julian LeCraw, Jr. Julian LeCraw & Co., Inc. Atlanta, GA

David A. Downey Julian Toft & Downey, Inc. Chicago, IL Scott L. Melnick Julien J. Studley, Inc. McLean, VA

William H. Rau Justus Rental Property Management, Inc. Indianapolis, IN

Michael A. Costa Kaufman and Boad Multi-Housing Group, Inc. Long Beach, CA

Diane N. Bates KeyTrak, Inc. Duluth, GA

Kirby Sack Kirby Sack Properties, Inc. San Francisco, CA

Andrew S. Kohlberg Kisco Retirement Communities Del Mar, CA

Edward K. Schwarz Kislak Company, Inc. Woodbridge, NJ

William P. Travis Krapfcandoit Co. Memphis, TN

Roy B. Smolarz Kuala Healthcare, Inc. Englewood Cliffs, NJ

Brian Stoffers L.J. Melody & Company Houston, TX

Hugh F. Kelly Landauer Associates, Inc. New York, NY

Christopher C. Paul LaPaul Partners Dallas, TX

Rod Petrik Legg Mason Wood Walker, Inc. Baltimore, MD

Terry L. Raisio Leisure Care, Inc. Bellevue, WA

Alan H. Gottlieb Lerner Corporation North Bethesda, MD

Jeffrey E. Levine Levine Builders Douglaston, NY

Kenneth J. Bohan Liberty Executive Search Houston, TX

Edward R. Kenny Life Care Services Corporation Des Moines, IA

S. Michael Lucash Llama Company Fayetteville, AR Laura A. Saull Love Funding Corporation Washington, DC

G. Ronald Witten M/PF Research, Inc. Dallas, TX

John A. Cady Mac-Gray Services, Inc. Austell, GA

Donald R. MacLaren, Jr. MacLaren Management Co., Inc. Philadelphia, PA

Stephen J. Mastor Madison Residential Group, LLC Dallas, TX

William Fleming Maintenance Warehouse San Diego, CA

Richard H. Jones Management Services Corporation Charlottesville, VA

Barry R. Mandel Mandel Group, Inc. Milwaukee, WI

Scott L. Taylor Mark-Taylor, Inc. Scottsdale, AZ

Michael J. Stein Marriott Corporation Washington, DC

Laura C. Staines Martin Architectural Group Philadelphia, PA

Marvin F. Poer Marvin F. Poer and Company Dallas, TX

Robert F. Stamant Massachusetts Mutual Life Insurance Co. Springfield, MA

Dell E. Keehn Master Meter Integrated Submetering Technologies LLC Bellevue, WA

Roderick P. Standard Maxim Property Management Redwood City, CA

J. Scott Reid MBK Senior Living Communities Ltd. Irvine, CA

Carl G. McCaslin, Jr. McCaslin Development Company Dallas, TX

Richard D. Baron McCormack Baron & Associates, Inc. St. Louis, MO

Jonathan O. Crane McDonald & Company Securities, Inc. Cleveland, OH

Eric Cantor McGraw-Hill Construction Information Group New York, NY Kevin M. Sweeney MediaOne Englewood, CO

Michael F. Bushee Meditrust Corporation Needham, MA

Bradley A. Jay Mentmore Holdings Corporation New York, NY

Karen A. Struve Mercy Continuing Care Farmington Hills, MI

John P. Casey Meridian Investments, Inc. Potomac, MD

Ralph J. Nagel Meridian Retirement Communities Denver, CO

William D. Pettit, Jr. Merrill Gardens L.L.C. Seattle, WA

James B. Bland, III METS Laboratories Waldorf, MD

Robert J. Greer Michaels Development Company Marlton, NJ

Howard P. Milstein Milstein Properties New York, NY

Mary Rippe Minnesota Multi Housing Association Bloomington, MN

James A. Moore Moore Diversified Services, Inc. Fort Worth, TX

Theodore R. Bigman Morgan Stanley Asset Management New York, NY

Edward J. McNeill, Jr. Multifamily Executive Magazine, MGI Publications Yardley, PA

James A. Bowman National Affordable Housing Trust Columbus, OH

Steven A. Wechsler National Association of Real Estate Investment Trusts, Inc. Washington, DC

Mary Tingerthal National Equity Fund, Inc. Chicago, IL

Martin C. Schwartzberg National Foundation for Affordable Housing Solutions, Inc. Rockville, MD

Ben W. Johnson National Real Estate Investor Atlanta, GA

Jeffrey D. DeBoer National Realty Committee Washington, DC

T. Andrew Stokes Nationwide Health Properties, Inc. Newport Beach, CA

Richard L. Trevlyn NewSeasons Assisted Living Communities, Inc. Blue Bell, PA

Stephen W. Gresham Niles Bolton Associates, Inc. Alexandria, VA

Larry R. Gottesdiener Northland Investment Corporation Newton, MA

Eugene R. Skaggs Northwestern Investment Management Company Milwaukee, WI

Brian F. Lavin NTS Development Company Louisville, KY

Brian J. O'Boyle O'Boyle Properties Inc. Dallas, TX

Robert C. Davidson Ocwen Financial Corporation West Palm Beach, FL

Linda R. Ruschau On Target Media, Inc. Cincinnati, OH

David A. Smith One on One St. Louis, MO

Mary M. Rodino OnePoint Communications Bannockburn, IL

John Czapko OpTel, Inc. Dallas, TX

David R. Lewis Osprey Property Group/Habitat America LLC Annapolis, MD Nawzad Othman Otak, Inc. Lake Oswego, OR

Philip B. Bell P.B. Bell Companies Scottsdale, AZ

Steven Molasky Pacific Properties Las Vegas, NV

David J. Michael PAM Companies Lodi, CA

Jeffrey S. Johnson PangeaTech, Inc. Phoenix, AZ

William J. Abrams Parkside Senior Services, L.L.C. Skokie, IL

Mark O. Knott Partners Management Company Baltimore, MD

James F. Erwin Partners Title Company Houston, TX

J. Blake Pogue Phoenix Property Company of Texas Dallas, TX

Scott C. Noble Phoenix Realty Group Hartford, CT

Stephen W. Sobota Pierce, Hamilton and Stern, Inc. Bethesda, MD

James Roiter Prime Capital Holding, LLC New York, NY

Jay L. Hicks Prime Care Properties, LLC Indianapolis, IN

Richard F. Cavenaugh Prime Residential Chicago, IL

Mark N. Tennison Pritzker Residential Chicago, IL

Arnold M. Whitman PRN Mortgage Capital, L.L.C. Atlanta, GA

P. David Onanian Professional Apartment Services Houston, TX

Leslie Andrews-Beau Project Funding Corporation Newport Beach, CA

Margaret A. Wylde ProMatura Group LLC Oxford, MS

Dale H. Taysom Prudential Real Estate Investors Atlanta, GA

Robert Fincher Raab Karcher Energy Services Corp. San Diego, CA

David Wayne Lacy Ramsey-Shilling Co. Los Angeles, CA

Ronald Diner Raymond James Tax Credit Funds Inc. St. Petersburg, FL

Steven Spinola Real Estate Board of New York, Inc. New York, NY

Paul J. Doocy Real Estate Capital Partners New York, NY

Robert S. Bisanz Real Estate Equities, Inc. St. Paul, MN

Walter C. Bowen Regent Assisted Living, Inc. Portland, OR

Paul H. Reim Reim Advisors, LLC Newport Beach, CA

Jed Katz Rent Net San Francisco, CA

Joseph Strasburg Rent Stabilization Association New York, NY

Bill Scott Rental Guide Magazines Tallahassee, FL

Michael J. Lapsley RentGrow, Inc. Waltham, MA

William P. Geiser Resident Data, L.L.C. Richardson, TX

Laverne R. Joseph Retirement Housing Foundation Long Beach, CA

Robert J. Sullivan RJS Realty Group Boca Raton, FL

Charles S. Roberts Roberts Realty Investors, Inc. Atlanta, GA

Bradford R. Klatt Roseland Property Company Roseland, NJ

Richard Holtz RRH Associates Ormond Beach, FL

John W. Franklin, Jr. Russell Reynolds Associates, Inc. Washington, DC

Andrew M. Sternlieb Salem Realty Capital LLC North Salem, NY Andrew Gitkin Salomon Smith Barney New York, NY

Peter Pickett Schroder & Co., Inc. New York, NY

Steve E. Doherty Sears Contract Sales Bellevue, WA

Eileen F. Lyons Secured Capital Corp. Los Angeles, CA

John C. Erickson Senior Campus Living, LLC Baltimore, MD

Mel Gamzon Senior Housing Investment Advisors, Inc. Newton, MA

William B. Kaplan Senior Lifestyle Corporation Chicago, IL Michael G. Boehm Senior Living Valuation Services, Inc. San Francisco, CA

Martin Fenton Senior Resource Group, LLC San Diego, CA

Robert D. Thomas Senior Star Living Tulsa, OK Jeanette Peck Seniors Housing Property Group, Inc. Ft. Lauderdale, FL

Herbert J. Horowitz Shattuck Hammond Partners, Inc. New York, NY

Donald A. Simpson Simpson Housing Limited Partnership Denver, CO David H. Hillman Southern Management Corporation Vienna, VA

David K. Oelfke Southwest Residential Partners, Inc. Houston, TX

Mark Armstrong Southwestern Bell Video Services Richardson, TX

Ernest H. Dwight Southwood Corporation Charlotte, NC

Thomas G. Williams Specialty Consultants, Inc. Pittsburgh, PA

Geoffrey D. Beer Starwood Capital Group, L.P. Greenwich, CT

Laurence Gluck Stellar Management Co. New York, NY

Robert J. Thiebaut Sterling Trust Atlanta, GA

John D.L. Mackay Strand Corporation Vancouver, BC, Canada

Stuart H. Nolan Stuart Corporation Bloomington, MN

William B. Hamilton Summit Properties Inc. Charlotte, NC

Jerry C. Meyer Sun Healthcare - Sun Bridge Assisted Living Albuquerque, NM

Brian Swinton Sunrise Assisted Living, Inc. Fairfax, VA

Chris Coles Telecommunications, Inc. Englewood, CO

H. Ronald Berg Tempest Asset Management Company Minneapolis, MN

Jerry S. Rega Texacraft, Inc. Houston, TX

Thomas J. Gochberg TGM Associates L.P. New York, NY

Martha Peyton TIAA/CREF New York, NY

Thomas P. Kline Timberlake Cabinet Company Winchester, VA

David C. Christensen Time Warner Connect Englewood, CO

Melvyn H. Blum Tishman Speyer Properties, Inc. Houston, TX

Randy F. Martin Transwestern Carey Winston, LLC Bethesda, MD

Daniel J. Lipnick Transworld Properties, Inc. Houston, TX

Robert M. Kargman Tremont Ventures, Inc. Boston, MA

John S. Ross Trilogy Real Estate, LLC St. Louis, MO

James B. O'Kane Triton Realty Partners, L.L.C. Mesa, AZ

Thomas Curtin Union Bank of Switzerland New York, NY

J.B. Brown USA Properties Fund, Inc. Roseville, CA

G. Allen Houpt, III Valuation Counselors Group, Inc. Lawrenceville, NJ Christine McLean ValuExpress LLC New York, NY

Peter D. Anzo Vinings Properties Investment Trust Atlanta, GA

Andrew J. MacPherson Volpe Brown Whelan & Company San Francisco, CA James H. Rogers Volunteers of America National Services Alexandria, VA

Janet A. Lindbo Walker Methodist, Inc. Minneapolis, MN

David R. Schwartz Waterton Associates, L.L.C. Chicago, IL Rick Reynolds Web Service Company, Inc. Redondo Beach, CA

Francis E. Snook Weitz Company, Inc. Des Moines, IA

David M. Strong Wellsford Real Properties, Inc. Denver, CO

Kathryn A. MacLane West*Group, Inc. McLean, VA

William H. Elliott WHE Associates, Inc. Beverly Hills, CA

Christine Lobins Whirlpool Corporation Benton Harbor, MI

Mark S. Begeny WhiteHawk Municipal Finance L.L.C. Washington, DC

Jerry C. Wilkinson Wilkinson Group, Inc. Atlanta, GA

William S. Green Wilmar Industries, Inc. Moorestown, NJ

Lawrence H. Curtis Winn Development Company Boston, MA

Fritz Ruf Wisconsin Housing & Economic Development Authority Madison, WI

Ronald V. Granville Woodmont Real Estate Services Belmont, CA

John A. Echols Worthing Southeast Corporation Atlanta, GA

Karen Y. Edgar Yardi Systems, Inc. Santa Barbara, CA

Edward C. Merrigan Ziegler Capital Company LLC New York, NY

Steven W. Patterson ZOM Development, Inc. Orlando, FL

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