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                                                                                                                                        <span style="font-family: arial,helvetica,sans-serif;"><strong>Sponsors</strong></span><br />
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                                                                                                                                        <a href="http://cts.vresp.com/c/?CapRateEventsLLC/b91cb0414e/9907549795/ff0effcb1b"><img align="none" alt="CallSource 2011" border="0" height="33" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/CallSource%202011.jpg" style="width: 163px; height: 33px;" title="CallSource 2011" vspace="0" width="163" /></a><br />
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                                                                                                                                        <a href="http://cts.vresp.com/c/?CapRateEventsLLC/b91cb0414e/9907549795/806f9c6090"><img align="none" alt="Yieldstar 2011 " border="0" height="45" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Yieldstar%202011%20.jpg" style="width: 157px; height: 45px;" title="Yieldstar 2011 " vspace="0" width="157" /></a><br />
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                                                                                                                                        <a href="http://cts.vresp.com/c/?CapRateEventsLLC/b91cb0414e/9907549795/6a70520493"><img align="none" alt="Harkins Builders 2011" border="0" height="46" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Harkins%20Builders%202011.jpg" style="width: 165px; height: 46px;" title="Harkins Builders 2011" vspace="0" width="165" /></a><br />
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                                                                                                                                        <a href="http://cts.vresp.com/c/?CapRateEventsLLC/b91cb0414e/9907549795/0268d82432"><img align="none" alt="Skyline Innovations 2011" border="0" height="171" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Skyline%20Innovations%202011.jpg" style="height: 171px; width: 98px;" title="Skyline Innovations 2011" vspace="0" width="98" /></a><br />
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                                                                                                                                        <span style="font-family: arial,helvetica,sans-serif;"><strong>Media & Promotional Sponsors</strong></span>
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                                                                                                                                        <a href="http://cts.vresp.com/c/?CapRateEventsLLC/b91cb0414e/9907549795/a666b2ba64"><img align="none" alt="REA-b&w-logo" border="0" height="43" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/REA-b&w-logo.jpg" style="width: 171px; height: 43px;" title="REA-b&w-logo" vspace="0" width="171" /></a><br />
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                                                                                                                                        <a href="http://cts.vresp.com/c/?CapRateEventsLLC/b91cb0414e/9907549795/4ed4f53bd7"><img align="none" alt="Citybizlist 2011" border="0" height="34" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Citybizlist%202011.jpg" style="width: 149px; height: 34px;" title="Citybizlist 2011" vspace="0" width="149" /></a><br />
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                                                                                                                                        <a href="http://cts.vresp.com/c/?CapRateEventsLLC/b91cb0414e/9907549795/3d3a37342b"><img align="none" alt="Multifamily Insiders 2011" border="0" height="43" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Multifamily%20Insiders%202011.jpg" style="width: 153px; height: 43px;" title="Multifamily Insiders 2011" vspace="0" width="153" /></a><br />
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                                                                                                                                        <a href="http://cts.vresp.com/c/?CapRateEventsLLC/b91cb0414e/9907549795/af1341f4b1"><img align="none" alt="REISA_logo_PMS" border="0" height="96" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/REISA_logo_PMS.gif" style="width: 83px; height: 96px;" title="REISA_logo_PMS" vspace="0" width="83" /></a><br />
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                                                                                                                                        <strong><a href="http://cts.vresp.com/c/?CapRateEventsLLC/b91cb0414e/9907549795/417d58de3d"><span style="color: rgb(0, 0, 205);"><span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;">Sponsor this event</span></span></span></a></strong></td>
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                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;"><span style="font-size: 14pt;"><span style="font-weight: bold;">225 Make Plans to Attend; 350-400 Expected to Attend Nation's New Multifamily Event </span></span></span></p>
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                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;"><strong>Look Who's Attending THE NATIONAL APARTMENT SUMMIT</strong><span style="font-weight: bold;"> <strong>(in alphabetical order):</strong></span></span><br />
                                                                                                                                                                                <br />
                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;">AMLI Residential<br />
                                                                                                                                                                                Arbor Commercial Mortgage<br />
                                                                                                                                                                                Archstone<br />
                                                                                                                                                                                Aon<br />
                                                                                                                                                                                AvalonBay Communities, Inc<br />
                                                                                                                                                                                BartonPartners<br />
                                                                                                                                                                                Beech Street Capital<br />
                                                                                                                                                                                Bell Partners Inc.<br />
                                                                                                                                                                                BEM Companies LLC<br />
                                                                                                                                                                                Bentall Kennedy<br />
                                                                                                                                                                                Berkshire<br />
                                                                                                                                                                                Berkshire Property Advisors, LLC<br />
                                                                                                                                                                                BKV Group Architects<br />
                                                                                                                                                                                BPG Properties/Madison Apartment Group<br />
                                                                                                                                                                                Bonaventure Realty Group, LLC<br />
                                                                                                                                                                                Bowman Consulting Group</span><br />
                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;">Bozzuto Construction Company<br />
                                                                                                                                                                                Bozzuto Development Company<br />
                                                                                                                                                                                Bozzuto Management Company<br />
                                                                                                                                                                                CallSource<br />
                                                                                                                                                                                Camden Living<br />
                                                                                                                                                                                Camden Property Trust<br />
                                                                                                                                                                                Capital One Bank<br />
                                                                                                                                                                                CapitalSource<br />
                                                                                                                                                                                Carroll Organization<br />
                                                                                                                                                                                CapRate Events, LLC (CRE-LLC)<br />
                                                                                                                                                                                Cassidy Turley<br />
                                                                                                                                                                                CB Richard Ellis | Capital Markets<br />
                                                                                                                                                                                Centerline<br />
                                                                                                                                                                                Chain Bridge Properties<br />
                                                                                                                                                                                citybizlist<br />
                                                                                                                                                                                Clark Enterprises, Inc.<br />
                                                                                                                                                                                Clark Realty Capital LLC<br />
                                                                                                                                                                                Cocke, Finkelstein Inc.</span><br />
                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;">Colony Hills Capital, LLC<br />
                                                                                                                                                                                Continental Properties Company, Inc.<br />
                                                                                                                                                                                CoreLogic Saferent<br />
                                                                                                                                                                                CrossHarbor Capital Partners, LLC<br />
                                                                                                                                                                                Crown Advisors<br />
                                                                                                                                                                                Cushman & Wakefield<br />
                                                                                                                                                                                CWCapital<br />
                                                                                                                                                                                Danac<br />
                                                                                                                                                                                DC Housing Finance Agency<br />
                                                                                                                                                                                Dewberry<br />
                                                                                                                                                                                Dixon Hughes Goodman, LLP<br />
                                                                                                                                                                                DOMUS Partners, LLC – A Cafritz Interests Company<br />
                                                                                                                                                                                Domus Property Management<br />
                                                                                                                                                                                Down Capital, LLC<br />
                                                                                                                                                                                Dudley & Associates<br />
                                                                                                                                                                                ECS Mid-Atlantic, LLC<br />
                                                                                                                                                                                EQR<br />
                                                                                                                                                                                Exchange Solutions Group<br />
                                                                                                                                                                                Fairfield Development, LP<br />
                                                                                                                                                                                Fairfield Residential<br />
                                                                                                                                                                                Federal Capital Partners<br />
                                                                                                                                                                                Fieldstone Properties<br />
                                                                                                                                                                                First Capital Realty<br />
                                                                                                                                                                                Foulger-Pratt Residential<br />
                                                                                                                                                                                Freddie Mac<br />
                                                                                                                                                                                Gables Residential<br />
                                                                                                                                                                                Ginkgo Residential<br />
                                                                                                                                                                                Grandbridge Real Estate Capital, LLC<br />
                                                                                                                                                                                Greystar<br />
                                                                                                                                                                                Harbor Group International</span><br />
                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;">Harkins Builders<br />
                                                                                                                                                                                Hartman Design Group, Inc.<br />
                                                                                                                                                                                HHHunt Communities<br />
                                                                                                                                                                                Hines<br />
                                                                                                                                                                                Humphreys & Partners Architects, L.P.<br />
                                                                                                                                                                                Integral Property Management<br />
                                                                                                                                                                                Institutional Property Advisors<br />
                                                                                                                                                                                Intrepid Real Estate<br />
                                                                                                                                                                                Jones Lang LaSalle<br />
                                                                                                                                                                                J STREET COMPANIES<br />
                                                                                                                                                                                Kern Investment Research, LLC<br />
                                                                                                                                                                                Kettler<br />
                                                                                                                                                                                LaSalle Investment Management<br />
                                                                                                                                                                                LCOR<br />
                                                                                                                                                                                Levin Realty Advisors L.L.C.<br />
                                                                                                                                                                                LHB Communications, Inc.<br />
                                                                                                                                                                                Linowes and Blocher LLP<br />
                                                                                                                                                                                Love Funding</span><br />
                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;">MAC Realty Advisors<br />
                                                                                                                                                                                McShea Residential Services<br />
                                                                                                                                                                                Metropolitan Development Group<br />
                                                                                                                                                                                Mill Creek Residential Trust<br />
                                                                                                                                                                                MPF Research<br />
                                                                                                                                                                                MSA Interiors, LLC<br />
                                                                                                                                                                                NAR<br />
                                                                                                                                                                                NMHC<br />
                                                                                                                                                                                NewOak Capital<br />
                                                                                                                                                                                Northwestern Mutual<br />
                                                                                                                                                                                Oculus Realty LLC<br />
                                                                                                                                                                                On-Site.com</span><br />
                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;">Paul Davis Restoration<br />
                                                                                                                                                                                Pinnacle, an American Management Services Company<br />
                                                                                                                                                                                Prudential<br />
                                                                                                                                                                                Prudential Mortgage Capital<br />
                                                                                                                                                                                Quadrangle Development Corporation<br />
                                                                                                                                                                                RD Jones & Associates, Inc.<br />
                                                                                                                                                                                Recap Real Estate Advisors<br />
                                                                                                                                                                                Reis, Inc.<br />
                                                                                                                                                                                RentPayment, Inc.<br />
                                                                                                                                                                                Resource Investments Limited<br />
                                                                                                                                                                                Reznick Group, P.C.<br />
                                                                                                                                                                                Rockwood Capital</span><br />
                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;">Rushmark Properties<br />
                                                                                                                                                                                RW Kline Companies<br />
                                                                                                                                                                                Schulte Roth & Zabel LLP<br />
                                                                                                                                                                                Silverwood Companies<br />
                                                                                                                                                                                Somerset Development Company<br />
                                                                                                                                                                                Starwood Capital Group<br />
                                                                                                                                                                                Stellar Management<br />
                                                                                                                                                                                Stonebridge Investments<br />
                                                                                                                                                                                Stratford Capital Group<br />
                                                                                                                                                                                TGM Associates<br />
                                                                                                                                                                                The Bainbridge Companies<br />
                                                                                                                                                                                The Breeden Company<br />
                                                                                                                                                                                The Carlyle Group<br />
                                                                                                                                                                                The Donaldson Group, LLC<br />
                                                                                                                                                                                The Michael Group<br />
                                                                                                                                                                                The Rainmaker Group<br />
                                                                                                                                                                                The Shooshan Company</span><br />
                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;">The Washington Post<br />
                                                                                                                                                                                Trade Street Capital, LLC<br />
                                                                                                                                                                                Transwestern<br />
                                                                                                                                                                                TruGreen LandCare<br />
                                                                                                                                                                                U.S. Census Bureau<br />
                                                                                                                                                                                UDR, Inc.<br />
                                                                                                                                                                                UIP, LLC<br />
                                                                                                                                                                                Vanguard Realty Group<br />
                                                                                                                                                                                Vornado / Charles E. Smith<br />
                                                                                                                                                                                Vornado Realty Trust<br />
                                                                                                                                                                                Walker & Dunlop, LLC<br />
                                                                                                                                                                                Wallick Properties<br />
                                                                                                                                                                                Waterton Associates, LLC</span><br />
                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;">WDG Architecture<br />
                                                                                                                                                                                Wiencek + Associates Architects + Planners<br />
                                                                                                                                                                                Wood Partners<br />
                                                                                                                                                                                YieldStar and MPF Research</span></p>
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                                                                                                                                                                                <br />
                                                                                                                                                                                <span style="font-family: arial,helvetica,sans-serif;"><span style="color: rgb(0, 0, 128);"><strong>CapRate Events, LLC | A New Media Platform for Commercial Real Estate</strong><br />
                                                                                                                                                                                > Industry Leading Conferences and Webinars for Market Intelligence & Growth<br />
                                                                                                                                                                                > Connect with 70,000 Active & Entrepreneurial Senior- Level Commercial Real Estate Executives*<br />
                                                                                                                                                                                <em><strong>New Voices, Niche Topics, Custom Media Solutions & More</strong></em><br />
                                                                                                                                                                                * Current subscriber database (as of August 15th)</span></span><br />
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                                                                                                                                                <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><u><strong>Phone Registration/Inquiries:</strong></u><br />
                                                                                                                                                Ronnie Niederman<br />
                                                                                                                                                212-873-3484</span></span><br />
                                                                                                                                                <br />
                                                                                                                                                <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><u><strong>Speaking/Sponsorship Inquiries:</strong></u><br />
                                                                                                                                                </span></span><a href="mailto:bklebash@gmail.com"><span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;">Brian Klebash</span></span></a><br />
                                                                                                                                                <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"> 917-546-0738</span></span><br />
                                                                                                                                                <br />
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                                                                                                                                                <span style="color: rgb(105, 105, 105);"><span style="font-family: arial,helvetica,sans-serif;"><span style="font-size: 8pt;">© 2011 CapRate Events, LLC All Rights Reserved</span></span></span></p>
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                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Featured Speakers:</strong><br />
                                                                                                                                        <img align="none" alt="Bibby, Douglas 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Bibby,%20Douglas%202011%20(3x4).jpg" style="width: 133px; height: 100px;" title="Bibby, Douglas 2011 (3x4)" vspace="0" width="133" /><br />
                                                                                                                                        </span></span><span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Douglas M. Bibby</strong><br />
                                                                                                                                        National Multi Housing Council</span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"> <img align="none" alt="Martinez, Richard 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Martinez,%20Richard%202011%20(3x4).jpg" style="width: 133px; height: 100px;" title="Martinez, Richard 2011 (3x4)" vspace="0" width="133" /><br />
                                                                                                                                        </span></span><span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Rich Martinez</strong><br />
                                                                                                                                        Freddie Mac</span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"> <img align="none" alt="Jordan Matt 2010 (3x4) 2" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Jordan%20Matt%202010%20%283x4%29%202.jpg" style="width: 133px; height: 100px;" title="Jordan Matt 2010 (3x4) 2" vspace="0" width="133" /><br />
                                                                                                                                        </span></span><span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Matt Jordan </strong><br />
                                                                                                                                        LaSalle Investment Management</span></span><br />
                                                                                                                                        <img align="none" alt="Revers, Bill 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Revers,%20Bill%202011%20%283x4%29.jpg" style="width: 133px; height: 100px;" title="Revers, Bill 2011 (3x4)" vspace="0" width="133" /><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><span style="color: red;"><span style="color: rgb(0, 0, 0);"><span style="color: rgb(0, 0, 0);"><strong>Bill Revers</strong><br />
                                                                                                                                        Fairfield Residential</span></span></span></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"> <span style="display: none;"> </span><img align="none" alt="Willett, Greg 2011 (3x4) 2" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Willett,%20Greg%202011%20%283x4%29%202.jpg" style="width: 133px; height: 100px;" title="Willett, Greg 2011 (3x4) 2" vspace="0" width="133" /><span style="display: none;"> </span><br />
                                                                                                                                        </span></span><span style="font-family: arial,helvetica,sans-serif;"><span style="font-size: 8pt;"><strong>Greg Willett</strong><br />
                                                                                                                                        MPF Research, a division of RealPage, Inc..<br />
                                                                                                                                        <img align="none" alt="Ansel, Sue 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Ansel,%20Sue%202011%20(3x4).jpg" style="width: 133px; height: 100px;" title="Ansel, Sue 2011 (3x4)" vspace="0" width="133" /></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Sue Ansel</strong><br />
                                                                                                                                        Gables Residential</span></span><br />
                                                                                                                                        <img align="none" alt="Marshall, Alex 2011.jpg (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Marshall,%20Alex%202011.jpg%20(3x4).jpg" style="width: 133px; height: 100px;" title="Marshall, Alex 2011.jpg (3x4)" vspace="0" width="133" /><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Alex Marshall</strong><br />
                                                                                                                                        Federal Capital Partners</span></span><br />
                                                                                                                                        <img align="none" alt="Batdorf, Joseph (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Batdorf,%20Joseph%20(3x4).jpg" style="height: 100px; width: 133px;" title="Batdorf, Joseph (3x4)" vspace="0" width="133" /><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Joseph Batdorf</strong><br />
                                                                                                                                        J Turner Research<br />
                                                                                                                                        <img align="none" alt="Dunlop, Jim 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Dunlop,%20Jim%202011%20(3x4).jpg" style="width: 133px; height: 100px;" title="Dunlop, Jim 2011 (3x4)" vspace="0" width="133" /></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Jim Dunlop</strong><br />
                                                                                                                                        Hines<br />
                                                                                                                                        <img align="none" alt="Kern, Jack 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Kern,%20Jack%202011%20(3x4).jpg" style="height: 100px; width: 133px;" title="Kern, Jack 2011 (3x4)" vspace="0" width="133" /></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Jack Kern</strong><br />
                                                                                                                                        Kern Investment Research, LLC<br />
                                                                                                                                        <img align="none" alt="Wolff, Ed 2011 (3 x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Wolff,%20Ed%202011%20(3%20x4).jpg" style="width: 133px; height: 100px;" title="Wolff, Ed 2011 (3 x4)" vspace="0" width="133" /></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Edward J. Wolff</strong><br />
                                                                                                                                        Pinnacle, an American Management Services Company<br />
                                                                                                                                        <img align="none" alt="Kiffe, Mitchell 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Kiffe,%20Mitchell%202011%20(3x4).jpg" style="height: 100px; width: 133px;" title="Kiffe, Mitchell 2011 (3x4)" vspace="0" width="133" /></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Mitchell W. Kiffe</strong><br />
                                                                                                                                        CB Richard Ellis | Capital Markets<br />
                                                                                                                                        <img align="none" alt="Davis, Jerry 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Davis,%20Jerry%202011%20(3x4).jpg" style="width: 133px; height: 100px;" title="Davis, Jerry 2011 (3x4)" vspace="0" width="133" /></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Jerry A. Davis</strong><br />
                                                                                                                                        UDR, Inc.<br />
                                                                                                                                        <img align="none" alt="Simonette, Kristy 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Simonette,%20Kristy%202011%20(3x4).jpg" style="width: 133px; height: 100px;" title="Simonette, Kristy 2011 (3x4)" vspace="0" width="133" /></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Kristy Simonette</strong><br />
                                                                                                                                        Camden Property Trust</span></span><br />
                                                                                                                                        <img align="none" alt="Gniadek, Pat 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Gniadek,%20Pat%202011%20(3x4).jpg" style="width: 133px; height: 100px;" title="Gniadek, Pat 2011 (3x4)" vspace="0" width="133" /><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Patrick Gniadek</strong><br />
                                                                                                                                        AvalonBay Communities, Inc</span></span><br />
                                                                                                                                        <img align="none" alt="Severino, Ryan 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Severino,%20Ryan%202011%20(3x4).jpg" style="height: 100px; width: 133px;" title="Severino, Ryan 2011 (3x4)" vspace="0" width="133" /><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Ryan Severino</strong><br />
                                                                                                                                        Reis, Inc.<br />
                                                                                                                                        <img align="none" alt="Peek, Max 2010 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Peek,%20Max%202010%20(3x4).jpg" style="width: 133px; height: 100px;" title="Peek, Max 2010 (3x4)" vspace="0" width="133" /></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Maxwell Peek</strong><br />
                                                                                                                                        Waterton Associates, LLC<br />
                                                                                                                                        <img align="none" alt="Einsel, Carl 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Einsel,%20Carl%202011%20(3x4).jpg" style="height: 100px; width: 133px;" title="Einsel, Carl 2011 (3x4)" vspace="0" width="133" /></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>Carlton E. Einsel</strong><br />
                                                                                                                                        The Donaldson Group, LLC<br />
                                                                                                                                        <img align="none" alt="Eyzenberg, David 2011 (3x4)" border="0" height="100" hspace="0" src="http://img-ak.verticalresponse.com/media/6/d/a/6dadb20873/b91cb0414e/63ad7a58c2/library/Eyzenberg,%20David%202011%20(3x4).jpg" style="width: 133px; height: 100px;" title="Eyzenberg, David 2011 (3x4)" vspace="0" width="133" /></span></span><br />
                                                                                                                                        <span style="font-size: 8pt;"><span style="font-family: arial,helvetica,sans-serif;"><strong>David Eyzenberg</strong><br />
                                                                                                                                        NewOak Capital</span></span></td>
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                  CapRate Events, LLC (CRE LLC)<br/>
        841 Broadway, Suite 500<br/>
                New York, New York 10003<br/>
                  US<br/>
        
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