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Compensation Disclosure: 12 Steps to A Better Proxy Proxy season brings marketplace exposure to executive compensation decisions. [May/June 2005] REITs Get the Bronze for Governance There is a consensus in financial circles that corporate governance is gaining an important role in investment decisions. [July/August 2003] Generating Value With An Outside View The real estate world has developed a reputation for being insular, as most of the top REIT executives-and a high percentage of board members-have spent their entire careers in real estate. [May/June 2003] Disclosing Net Asset Value REIT stocks have historically offered investors higher returns while also offering lower risk? [November/December 2002]

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.