Institutional Investors/ Advisors

AEW Capital Management, L.P.
AIG Real Estate Investment Co.
Apollo Real Estate Advisors, L. P.
Ashford Hospitality Trust
Bear Stearns Real Estate
Cigna Investments
Crow Holdings
DMB Associates, Inc.
Dutch Institutional Holding Company, Inc.
Eastdil Realty Inc.
Equitable Real Estate
GE Capital
Goldman, Sachs & Co.
Host Hotels & Resorts
LaSalle Partners
Lowe Enterprises
Lumbermens Investment Corporation
Maritz, Wolff & Co.
MeriStar Hospitality Corporation
Merrill Lynch, Hubbard, Inc.
Metric Partners
National Rural Utilities Cooperative Finance Corp.
Olympus Real Estate Partners
Orix USA Corporation
Paine Webber Incorporated
Pivotal Group
Strategic Hotels & Resorts
The Travelers Realty Investment Co.
USAA Real Estate Company
Westinghouse Financial Services Inc.

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