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Attendees

Mary Ann Apruzzese, CRE, Bank of America
Jonathan H. Avery, CRE, Avery Associates
Logan H. Babin, Jr., CRE, Logan H. Babin, Inc.
Robert Bach, CRE, Grubb & Ellis
Benjamin E. Barnett, CRE, American Appraisal Associates
William R. Beckmann, CRE, Beckmann Appraisals, Inc.
Alvin O. Benton, CRE, Benton Advisory Group, Ltd.
Eugene W. Blanton, CRE, Landmark Enterprises, Inc.
Peter D. Bowes, CRE, Bowes and Company
Douglas C. Brown, CRE, Douglas C. Brown & Associates, Inc.

Jacqueline Buhn, CRE, Athenian Properties
Donald A. Burns, CRE, Real Estate Research Corporation
Michael Cahill, CRE, HREC - Hospitality Real Estate Counselors
Frederick J. Campbell, CRE, The Cascade Group, LLC
Susanne Ethridge Cannon, CRE, DePaul University
Eugene P. Carver, CRE EMERITUS
Paul A. Champagne, CRE, CIGNA Realty Investors
Theddi Wright Chappell, CRE, Pacific Security Capital
John W. Cherry, Jr., CRE, LandAmerica Commercial Appraisal Corporation
Paul T. Chiles, CRE, Chiles & Co., Inc.

John L. Clark, CRE, NAI Pyramid Brokerage Company, Inc
Maura M. Cochran, CRE, Bartram & Cochran, Inc.
Robert E. Costello, CRE, Capital Crossing Bank
Philip S. Cottone, CRE, Property Trust Advisory Company, LLC
James A. Cowan, CRE, J.A. Cowan & Associates, Inc.
James J. Curtis, III, CRE, Bristol Group, Inc.
Karen G. Davidson, CRE, Davidson & Associates
Edward A. DeLaurier, CRE, JAX Realty Advisors, Inc.
Edward W. Dinan, III, CRE, Dinan Real Estate Advisors, Inc.
Geoffrey Dohrmann, CRE, Institutional Real Estate, Inc.

Gregory A. Dryden, CRE, AEGON USA Realty Advisors, Inc.
James M. Duncum, CRE, WhiteStone Realty Consulting
John M. Duncum, CRE, Atkinson Toyota Scion
Alice J. Dutton, CRE
John G. Ellis, CRE, Integra Realty Resources - Los Angeles
Ivan Faggen, CRE, Triton Pacific Capital, LLC
J. Terrence Farris, Ph.D., CRE, Clemson University
Alan F. Feldman, CRE, Resource Real Estate, Inc.
Joe Foster, CRE, Joe Foster Real Estate Advisors
Roland D. Freeman, CRE, Capital Consultants Realty Services, Inc.

Bob Gallaher, CRE, Gallaher & Birch, Inc.
Howard C. Gelbtuch, CRE, Greenwich Realty Advisors, Inc.
David W. Gleeson, CRE, L & B Realty Advisors, Inc.
Roy D. Gottlieb, CRE, Roy D. Gottlieb & Associates, Ltd.
Steven V. Graham, CRE, Graham & Company, Inc.
Stephen L. Grant, CRE, American Realty Advisors
W. Cabell Grayson, CB Richard Ellis
Donald P. Guarino, Jr., CRE, AEGON USA Realty Advisors, Inc.
Otis E. Hackett, CRE, Otis E. Hackett & Associates
Perry Baker Hall, CRE, Perry B. Hall Company, Inc.

Pat Halter, Principal Real Estate Investors
Richard A. Hanson, CRE, Mesa Development LLC
Jonathan David Harris, CRE
Deborah B. Haskell, CRE, Winthrop Real Estate Advisors
Edward F. Heberger, CRE, CB Richard Ellis - NE Partners
Alan G. Hembel, CRE, AGH Associates, LLC
Alan A. 'Scotty' Herd, CRE, A. Scott Herd Associates, Inc.
Alexander G. Hesterberg, CRE, Deutsche Bank
Kirk A. Heyle, CRE, Heyle Realtors & Counseling Services, LLC
Edward S. Hill, Esq., CRE, Robinson & Cole LLP

Roger McDonald Hodge, CRE, CB Richard Ellis - Consultant
Peter L. Holland, Bartram & Cochran
Gregory B. Ibbetson, CRE, Ibbetson Commercial Real Estate Services
Raymond A. Jackson, CRE, Jackson Advisory Group, Inc.
Harvey P. Jeffers, CRE, C.S. McCall & Co., LLC
Paul G. Johnson, CRE, Johnson & Zaddack, Inc.
Thomas M. Justin, CRE, The Weitzman Group, Inc.
James C. Kafes, CRE, AEGON USA Realty Advisors, Inc.
Richard Kalvoda, CRE, PricewaterhouseCoopers LLP
Scott B. Kaufmann, CRE, JM Zell Partners, Ltd.

Steven Kaye, CRE, CB Richard Ellis
Del H. Kendall, CRE, Real Estate Research Corporation
Loren S. Kennedy, CRE, Kennedy Advisors, LLC
Neil J. King, CRE EMERITUS
David S. Kirk, CRE, Kirk & Company
John L. Knott, Jr., The Noisette Company, LLC
John J. Leary, CRE, Leary Counseling and Valuation, Inc.
James S. Lee, CRE, Kensington Realty Advisors, Inc.
Gerald M. Levy, CRE, Gerald M. Levy & Co. LLC
Gregory G. Lewis, CRE, Lewis Property Company

J. Daryl Lippincott, CRE EMERITUS, J.D. Lippincott - RE Counselor
Gail Lissner, CRE, Appraisal Research Counselors
Marc Louargand, Ph.D., CRE, Cornerstone Real Estate Advisers, LLC
George M. Lovejoy, Jr., CRE
Timothy R. Lowe, CRE, Waronzof Associates, Inc.
Jules H. Marling, Jr., CRE, Real Estate Research Corporation
Jules H. Marling, IV, CRE, Walden-Marling, Inc.
Michael S. MaRous, CRE, MaRous & Co.
Patrick O. Mayberry, CRE, NewTower Trust Company
Bowen H. McCoy, CRE, Buzz McCoy Associates, Inc.

Richard B. McElroy, CRE, R.E. McElroy, LLC
Robert H. McKennon, CRE, Appraisal-Associates, Inc.
Andrew J. McRoberts, CRE, McRoberts & Company, Inc.
Ted E. McWilliams, CRE, Principal Real Estate Investors LLC
John A. Meltzer, CRE, Meltzer Properties
Robert E. Miller, CRE, Applied Real Estate Analysis, Inc.
Maxine Mitchell, CRE, Applied Real Estate Analysis (AREA), Inc.
Timothy J. Monger, CRE, Colliers Location Advisory & Incentive Practice
Norman K. Moon, Jr., CRE, Milton Realty Service Company, Inc.
Jack C. Morgan, Jr., CRE, J.C. Morgan Co.

Nicholas R. Morizio, CRE, Colliers Dow & Condon, Inc.
Scott R. Muldavin, CRE, The Muldavin Company
Stephen P. Navarro, CRE, The Furman Co., Inc.
Richard A. Neustein, CRE, R.A. Neustein & Associates
William Norton, CRE, Norton Asset Management, Inc.
Raymond T. O'Keefe, Jr., CRE
Albert S. Pappalardo, CRE, Pappalardo Consultants, Inc.
Joe W. Parker, CRE, Appraisal Research Company, Inc.
Arthur P. Pasquarella, CRE, BPG Properties, Ltd.
Robert H. Percival, CRE, Percival's Inc.

Martha S. Peyton, CRE, TIAA-CREF
Robert J. Pliska, CRE, Sperry Van Ness/Property Investment Advisors, LLC
George W. Powell, Jr., Esq., CRE, The Law Office of George W. Powell, Jr.
Theodore D. Pugh, CRE, MasterDevCo
William L. Ramseyer, CRE, Cornerstone Real Estate Advisers, LLC
Jeanette I. Rice, CRE, Crescent Real Estate Equities, Ltd.
Kenneth P. Riggs, Jr., CRE, Real Estate Research Corporation
Christopher J. Rocca, CRE, KPMG
Richard J. Rosenthal, CRE, The Rosenthal Group
Roy J. Schneiderman, CRE, Bard Consulting

Karl-Werner Schulte, CRE, European Business School Real Estate Academy
A.C. Schwethelm, CRE, A.C. Schwethelm & Associates, Inc.
Noah D. Shlaes, CRE, Grubb & Ellis
E. Glenn Silva, CRE, KLM Realty Advisors, LLC
Matt Sloan, Daniel Island Development Company
Peter E. Sockler, CRE, Sockler Mignogna DiLello Realty Group, NJ Inc.
Anthony F. Souza, CRE, Souza Realty & Development
Kent David Steele, CRE, Real Estate Research Corporation
Lewis W. Stirling, III, CRE, Stirling Properties
James F. Stokes, CRE, Nicolson Porter & List, Inc.

David G. Stuart, CRE, Alaska Permanent Fund Corporation
John E. Sylvester, Jr., CRE, Sylvester & Company
Richard Tannenbaum, CRE, Cohen Financial
Arnold S. Tesh, CRE, FTI Consulting
Mark L. Troen, CRE, Racebrook Capital
Brian C. Underwood, CRE, B.C. Underwood LLC Real Estate Counseling & Appraisal
F. Thomas Ustler, CRE, Ustler Properties, Inc.
Marilee A. Utter, CRE, Citiventure Associates
Mark Vitner, Wachovia Corporation
David R. Walden, CRE, Walden-Marling, Inc.

Robert J. Walner, CRE, Inland Retail Real Estate Investment Trust Inc.
Andrew C. Warren, CRE, Principal Real Estate Investors
Takumi Watanabe, CRE, Japan Real Estate Institute
Elizabeth S. West, CRE, Dinan Real Estate Advisors, Inc.
Robert M. White, Jr., CRE, Real Capital Analytics, Inc.
William E. Wiebe, CRE, Vollmer Realty
Terrence F. Wilmer, Ph.D., CRE, The Louis Berger Group, Inc.
Henry J. Wise, CRE, Pritchett, Ball & Wise, Inc.
John I. Wrzesinski, CRE, Walden-Marling, Inc.
Gerald N. Zaddack, CRE, Johnson & Zaddack, Inc.
Theodore A. Zarembo, CRE, T.A. Zarembo & Co.

As of March 22, 2006

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