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No Knocking This Block
Ralph Block wins Portfolio's 2005 Stock Challenge



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2005 Portfolio Stock Challenge



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features
Fund Raising
Real estate funds find smooth sailing in 2005, managers set to navigate for similar returns in 2006
Value Proposition
The rise in REIT acquisitions raises the question of where the true value of real estate lies
Senior Circuit
Nationwide Health Properties goes on a buying spree


cover


R. Scot Sellers:
TAKING STOCK

A Force To Be Reckoned With

EDITOR'S DESK
March of the REIT Funds

DEVELOPMENTS
.NAREIT and FTSE announce domestic index transition; REIT Improvement Act tweaked; global goings-on; fired up for foreign investment; and three’s company for Town & Country

FOUR QUICK QUESTIONS
With Stephanie Krewson

REIT Reality
Did you know that the NAREIT Equity and Composite REIT Indexes continue to outperform leading U.S. benchmarks?

ONE-ON-ONE
Entrepreneurial Expansion

REIT SNAPSHOT
After acquiring Storage USA, Extra Space Storage focuses on maintaining momentum

SECTOR SPOTLIGHT
Fundamentals remain in regional mall REITs' favor

CAPITAL MARKETS
Q&A with Lee Munder Capital Group


PROFESSIONAL PERSPECTIVES
The Search for Growth

INTERNATIONAL INSIGHTS
Netherlands: A "Pension" for Real Estate


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

BY THE NUMBERS
Funding the future; 2005 IPO activity; and premium real estate

IN CLOSING
The Changing Face of Real Estate as an Asset Class


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.