Ibbotson Study Explores Where to Allocate Global Real Estate Investment for Optimum Portfolio Results

Webinar provides historical perspective and a view into the future.

(Vocus) May 22, 2007 -- At $4.6 trillion, commercial real estate is a major component of the global investment universe, and investors increasingly are globalizing their real estate allocations. This trend likely will accelerate as the REIT concept spreads around the globe.

WHAT: Webinar: Optimizing A Global Real Estate Portfolio

WHEN: 11:00 a.m. (EST) on Tuesday, May 22, 2007

WHO: Thomas Idzorek, Ibbotson Associates, Vice President, Research & Product Development; Michael Grupe, NAREIT, Executive Vice President, Research & Investor Outreach; Jerry Moskowitz, FTSE Group, Managing Director for the Americas

The globalization of real estate investment prompts two questions:

• What is the effect of global real estate allocations on the performance of global portfolios, and

• As the European and Asian markets for REITs and other listed real estate grow, how should investors allocate their global real estate portfolios? Specifically, how much should investors be allocating to these newer markets, which historically have delivered lower returns with higher volatility than the North American market?

Portfolio allocation experts Ibbotson Associates conducted a study to provide the answers to these questions. You are invited to attend a webinar on May 22 to review the results of this study. Representatives from Ibbotson Associates, NAREIT and FTSE Group will participate in the event and respond to media questions.

EDITORS/REPORTERS: To register for the webinar, click on the following link: https://nareit.webex.com/nareit/onstage/g.php?t=a&d=668834246

National Association of Real Estate Investment Trusts®

REITs: Building Dividends and Diversification®

1875 I Street, NW, Suite 600, Washington, D.C. 20006-5413

Phone 202-739-9400 Fax 202-739-9401 www.nareit.com www.investinreits.com

The National Association of Real Estate Investment Trusts (NAREIT) is the representative voice for U.S. REITs and publicly traded real estate companies worldwide. Members are real estate investment trusts (REITs) and other businesses that own, operate and finance income-producing real estate, as well as those firms and individuals who advise, study and service those businesses.

Visit our Web sites at www.nareit.com and www.investinreits.com. NAREIT does not intend this press release to be a solicitation related to any particular company, nor does it intend to provide investment, legal or tax advice. Investors should consult with their own investment, legal or tax advisers regarding the appropriateness of investing in any of the securities or investment strategies discussed in this publication. Nothing herein should be construed to be an endorsement by NAREIT of any specific company or products or as an offer to sell or a solicitation to buy any security or other financial instrument or to participate in any trading strategy. NAREIT expressly disclaims any liability for the accuracy, timeliness or completeness of data in this publication. Unless otherwise indicated, all data are derived from, and apply only to, publicly traded securities. Any investment returns or performance data (past, hypothetical, or otherwise) are not necessarily indicative of future returns or performance.

Contact:

Ron Kuykendall or Matt Bechard

(202) 739-9400

1-800-3NAREIT

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