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Home Features Editor's Desk Taking Stock Developments REIT Reality International Forum Investor Insight Vested Interest Capital Markets Policy Watch Four Quick Questions One-on-One REIT Snapshot Best Practices Professional Perspective Board Room Sector Spotlight Accounting Fund Focus In the Works Names to Note In Closing From the Research Desk By the Numbers Window on Washington Solid Foundations The REIT Report Quick Study Back Issues

2006 Real Estate Outlook read more Click here Track the Experts! 2005 Portfolio Stock Challenge FEATURED MEMBER SITE Trizec Properties, Inc. Looking for Advertising Opportunities with Real Estate Portfolio? Click here Investing in Real Estate Stocks? Click here Against the Grain Through foresight and conviction, William Sanders has blazed many trails in the real estate industry and with Verde Realty he is at it again United It Stands United Dominion Realty Trust’s five-year plan has it repositioned for long-term success R. Scot Sellers: TAKING STOCK Reaching New Heights EDITOR'S DESK Seeing the Future DEVELOPMENTS Host Marriott heads a list of major acquisitions; NAREIT honors Moghadam and Zankel; major international activity in the works; analyst dream teams; guiding lights honored; and the REITcafe opens for business FOUR QUICK QUESTIONS With Robert W. Baird & Co.’s Christopher Lucas REIT Reality REIT dividends paid to shareholders historically account for approximately two-thirds of the investments' total return? ONE-ON-ONE Robert Maguire makes waves in SoCal REIT SNAPSHOT Acadia Realty Trust’s winning game plan SECTOR SPOTLIGHT Lodging REITs are on the mend as there is less room at the inn CAPITAL MARKETS Q&A with David Swensen WINDOW ON WASHINGTON Rep. Deborah Pryce on TRIA and Ensuring Retirement Security PROFESSIONAL PERSPECTIVES Don't fear the big bad interest rate wolf INTERNATIONAL INSIGHTS Bulgarian REITs come to market FUND FOCUS Profile of the Phoenix Real Estate Securities Fund NAMES TO NOTE People making news and moves in the REIT and publicly traded real estate industry BY THE NUMBERS Debt maturity; analyst forecasts; and Stock Challenge update IN CLOSING Six predictions for ’06

Real Estate Portfolio® is the magazine for the REIT and publicly traded real estate industry. It is published bimonthly by the National Association of Real Estate Investment Trusts® (NAREIT), 1875 Eye Street, NW, Suite 600, Washington, DC 20006–5413. Phone 202-739-9400.