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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

Leader of the Pack Analyst turned portfolio manager Jay Leupp tops stock challenge read more Special Issue Click here View Final Portfolio Stock Challenge Results FEATURED MEMBER SITE Post Properties, Inc. Looking for Advertising Opportunities with Real Estate Portfolio? Click here Investing in Real Estate Stocks? Click here Real Estate Portfolio is the recipient of the 2006 SNAP EXCEL Gold Award for Single Topic Issue Growing Green Environmentally friendly building practices slash operating costs and increase ROI while attracting new investors. Stellar Performance For a seventh straight year, real estate funds outperformed in 2006. Crossing Boundaries Kimco Realty Corporation steps outside the box to adapt and grow. TAKING STOCK Progress in the Policy Arena EDITOR'S DESK Green Machine DEVELOPMENTS Bidding rivalry; Canadian firm harvests timber company; a block of “writers”; DC plans vote for real estate; Moody’s bright RIDEA; ciao REITs; Block’s adieu; tradewinds for the Windy City FOUR QUICK QUESTIONS With Wachovia Securities' Lawrence Gray ONE-ON-ONE With Host Hotels & Resorts’ Christopher Nassetta REIT SNAPSHOT Watson Land Company builds on a king’s legacy SECTOR SPOTLIGHT Self-storage REITs expand beyond mom-and-pop roots CAPITAL MARKETS Q&A with Richard Lehmann, Forbes columnist WINDOW ON WASHINGTON Rep. Charles Rangel FROM THE RESEARCH DESK Further proof: investment in REITs diversifies portfolios, hedges inflation; the value of the S&P 500; property sales improve asset allocation, increase stock prices INSIDER INSIGHT Barry Vinocur, editor of the REIT Wrap, on M&A PROFESSIONAL PERSPECTIVES Ten M&A trends to watch in 2007 FUND FOCUS Profile of John Wenker and Jay Rosenberg, First American Real Estate Securities Fund NAMES TO NOTE People making news and moves in the REIT and publicly traded real estate industry IN CLOSING Real estate or equity? Revisiting an old conundrum

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