1. Real Estate Investment Performance Introduction

2. Real Estate Investment Performance

9. Real Estate Investment Performance EREITS, Russell 2000, SNP500 and CPI: 1979-2006

10. Real Estate Investment Performance Risk Adjusted Performance Indexes

11. Real Estate Investment Performance

12. Real Estate Investment Performance Risk Adjusted Performance Indexes

18. Real Estate Investment Performance Portfolio Diversification

20. Efficient frontier with and without REITs Stocks, bonds, T-bills, and REITs 1972 – 2005 Source: www.nareit.com

21. Potential to reduce risk and increase return Stock and bond investors, 1972-2005 Source: www.nareit.com

22. Potential to reduce risk and increase return Fixed-income investors, 1972-2005 Source: www.nareit.com

23. Investment Performance with Global Real Estate

34. Pension Funds

37. Pension Funds and Real Estate