1. Rosen Consulting Group Real GDP Growth

2. Rosen Consulting Group U.S. Employment Growth

3. Rosen Consulting Group U.S. Unemployment Rate

4. Rosen Consulting Group Consumer Confidence Conference Board Survey Index

5. Rosen Consulting Group U.S. Merchandise Exports to East Asia plus Japan $Million per Month

6. Rosen Consulting Group U.S. Net Exports $1992 (Billion)

7. Rosen Consulting Group Consumer and Producer Prices Annual Change

8. Rosen Consulting Group 3-Month T-Bill vs. 10-Year T-Bond

9. Rosen Consulting Group Equity REIT Offering Volume $Billion

10. Rosen Consulting Group Growth in Public Real Estate Securities $Billion

11. Rosen Consulting Group Investment Performance REITs vs. S&P 500 Index Total Return

12. Rosen Consulting Group REIT Market Valuation Stock Market vs. Real Estate Value Number of Companies DiscountReal Estate ValuePremium

13. Rosen Consulting Group REIT Yield Comparison AFFO vs. Dividend

14. Rosen Consulting Group Relative Valuation S&P 500 P/E vs. REIT AFFO Multiple Ratio

15. Rosen Consulting Group Net Lending Commercial Properties $Billion % of GDP

16. Rosen Consulting Group Commercial MBS Gross Amount Issued $Billion

17. Rosen Consulting Group CMBS Spreads to Treasuries Basis Points

18. Rosen Consulting Group Pricing Spreads Commercial Mortgage Rate vs. 10-Year T-Bond Basis Points

19. Rosen Consulting Group U.S. Employment Growth

20. Rosen Consulting Group Fastest Growing U.S. MSAs Ranked by Annual Absolute Change in Employment

21. Rosen Consulting Group Fastest Growing U.S. MSAs Ranked by Annual % Change in Employment

22. Rosen Consulting Group Fastest Growing U.S. MSAs Ranked by Annual % Change in Employment

23. Rosen Consulting Group Fastest Growing U.S. MSAs Ranked by Annual % Change in Employment

24. Rosen Consulting Group Slowest Growing U.S. MSAs Ranked by Annual % Change in Employment

25. Rosen Consulting Group Employment Growth New York MSA vs. U.S.

26. Rosen Consulting Group Employment Growth California vs. U.S.

27. Rosen Consulting Group Real Estate Cycle Overshooting Phase Absorption Phase Decline Phase Growth Phase Sun Belt Apt - 9:30 Industrial - 8:30 Neighborhood/Strip/ Suburban Office - 7:30 CBD Office/Full Service Hotel/ Regional Mall - 6:30 Single Family/ Multifamily - 8:00 12 9 3 6 Factory Outlet - 3:00 Apts Northeast/Calif - 7:00 Power Center - 10:30 Extended Stay Hotel - 12:00

28. Rosen Consulting Group Office Construction Contracts Awarded - F.W. Dodge Million SF

29. Rosen Consulting Group Office Employment Growth Annual Change in Jobs Thousand

30. Rosen Consulting Group Office Vacancy Rates Downtown and Suburban

31. Rosen Consulting Group Downtown Office Rent Growth

32. Rosen Consulting Group Private Market Total Return (NCREIF) Office

33. Rosen Consulting Group Real Estate Cycle Office Overshooting Phase Absorption Phase Decline Phase Growth Phase Chicago/Miami/New York/ San Francisco - 6:30 Boston/Minneapolis San Jose - 8:00 12 9 3 6 Seattle/Wash, DC - 7:00 Los Angeles - 6:00 Atlanta/ Houston - 9:30

34. Rosen Consulting Group Multifamily Housing Starts Units, Thousand

35. Rosen Consulting Group Multifamily Permits California Units, Thousand

36. Rosen Consulting Group Rental Vacancy Rates

37. Rosen Consulting Group Rental Inflation Annual Change

38. Rosen Consulting Group U.S. Household Formation Million

39. Rosen Consulting Group Divorce Rate in the U.S. Rate per 1,000

40. Rosen Consulting Group U.S. Population Growth 1995 - 2000f

41. Rosen Consulting Group Private Market Total Return (NCREIF) Multifamily

42. Rosen Consulting Group Real Estate Cycle Multifamily Overshooting Phase Absorption Phase Decline Phase Growth Phase Dallas/ San Jose - 8:30 12 9 3 6 San Francisco - 8:00 Atlanta/Las Vegas/ Phoenix - 9:30 New York - 7:30 Boston/Los Angeles - 7:00

43. Rosen Consulting Group Retail Construction Contracts Awarded - F.W. Dodge Million SF

44. Rosen Consulting Group Real Retail Sales Growth Excluding Autos Annual Change

45. Rosen Consulting Group Private Market Total Return (NCREIF) Retail

46. Rosen Consulting Group Real Estate Cycle Retail Overshooting Phase Absorption Phase Decline Phase Growth Phase 12 9 3 6 Atlanta - 9:30 Boston/Chicago/ S.F./Seattle - 8:30 Los Angeles/New York/ Washington, DC - 6:30

47. Rosen Consulting Group Hotel Construction Contracts Awarded - F.W. Dodge Million SF

48. Rosen Consulting Group Hotel Occupancy Rate

49. Rosen Consulting Group RevPAR Growth Annual Change

50. Rosen Consulting Group Hotel Industry Profits Net Profit or Loss $Billion

51. Rosen Consulting Group Real Estate Cycle Hotel Overshooting Phase Absorption Phase Decline Phase Growth Phase Full Service Hotel - 6:30 12 9 3 6 Extended Stay Hotel - 12:00

52. Rosen Consulting Group Industrial Construction Contracts Awarded - F.W. Dodge Million SF

53. Rosen Consulting Group Industrial Vacancy Rate

54. Rosen Consulting Group Private Market Total Return (NCREIF) Warehouse

55. Rosen Consulting Group Real Estate Cycle Industrial Overshooting Phase Absorption Phase Decline Phase Growth Phase Atlanta/Dallas - 9:30 San Jose - 8:30 12 9 3 6 Detroit/Oakland/ Portland/Seattle - 7:30 Los Angeles - 7:00 Boston/Newark - 6:30 Chicago - 9:00