The Beijing Hualian Group Investment Holding Co.,Ltd. (referred to in short as, the Beijing Hualian Group) is one of the 15 largest retail enterprises supported by Ministry of Commerce. The Beijing Hualian Group has two publicly listed companies and several holding companies. The Group’s business is primarily focused on hypermarkets, supermarkets and commercial properties. By the end of 2007, the Group owned more than 80 hypermarkets in 35 key cities and 23 provinces across the country. Each store has more than 10,000 m2 of floor space. The Group operates with top flight management resources, merchandising resources and human resources. The Beijing Hualian Group has established a strong and growing retail network throughout the country.

Rugby Estates Plc was formed in 1990 by David Tye, Andrew Wilson and Stephen Jones, who had previously worked together as a successful management team at Rugby Securities Limited, part of the Hillsdown Holdings Group. Shares in Rugby Estates were first listed on the London Stock Exchange in April 1994.

Entertainment Properties Trust, a real estate investment trust (REIT), develops, owns, leases, and finances entertainment and related properties in the United States and Canada. Its properties include megaplex theatres, entertainment retail centers, and destination recreational and specialty properties. As of December 31, 2007, the company had a real estate portfolio of 79 megaplex theatre properties located in 26 states in the U.S. and Ontario, Canada; 1 additional theatre property under development; 8 entertainment retail centers located in Westminster, Colorado, New Rochelle, New York, White Plains, New York, Burbank, California, and Ontario, Canada; and 1 additional entertainment retail center under development and land parcels leased to restaurant and retail operators. Entertainment Properties Trust qualifies as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1997 and is based in Kansas City, Missouri.

New World China Land Limited Company Profile New World China Land is the flagship division of the New World Group in mainland China. The company is one of the country's largest national developers -- its projects include residential estates, serviced apartments, villas, offices, shopping centers, resorts, hotels, and mixed-use complexes. Its real estate portfolio includes 37 development projects spanning more than 15 cities. New World China Land is working on a number of projects for the redevelopment of the old city centers of Beijing and Tianjin. The company has been in operation since the early 1980s.

Berkshire Property Advisors, L.L.C., is the operating entity of The Berkshire Group that is responsible for the property management of its multifamily portfolio and a series of funds including the Berkshire Income Realty Fund, a $600 million Real Estate Investment trust and Berkshire Multifamily Value Funds I and II. Berkshire Multifamily Value Fund I is a $300 million dollar real estate fund and Berkshire Multifamily Fund II is a $600 million Fund positioned to provide value-added investment returns by rehabilitating, redeveloping and repositioning high-quality multifamily real estate in major markets and submarkets throughout the United States.Berkshire Property Advisors core competency is in the multifamily real estate segment and is widely recognized as a fully integrated multifamily investment management firm. With properties extending throughout the United States, Berkshire Property Advisors provides investors with national reach and local market presence and expertise.Through a series of predecessor entities the Berkshire story goes back to 1969. Since that time Berkshire's senior management has witnessed impressive expansions in the real estate markets and prevailed through significant declines. These shifting economic and real estate market conditions called for management's resourcefulness in determining appropriate financial structure and property portfolio mix. Ownership structures have included both public and private limited partnerships, a publicly traded Real Estate Investment Trust and a subsequent $1.3 billion privatization of the company. Today there are more than 26,000 apartment units under management and a period of rapid growth is forecasted.Berkshire Property Advisors is located in Boston, Massachusetts. There is a national office located in Atlanta, Georgia with regional and district offices located in Texas, Maryland and Florida. Throughout Berkshire's history, the company's guiding principle has remained a commitment to providing exceptional service to residents and a challenging and rewarding work environment for staff. Sustained by this foundation, the company has been able to capitalize on its experience in the financial markets to create economic opportunities within the real estate industry.

Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. Rayonier company operates in four segments: Timber, Real Estate, Performance Fibers, and Wood Products. Timber segment owns, leases, or manages timberlands and sells standing timber at auction to third parties, as well as sells delivered logs. Real Estate segment sells medium and large tracts of land with infrastructure. This segment holds development and rural properties primarily in the southeast United States. Performance Fibers segment manufactures cellulose specialties that are used principally in acetate textile fibers, cigarette filters, rigid packaging, LCD screens, photographic film, impact-resistant plastics, high-tenacity rayon yarn, pharmaceuticals, cosmetics, detergents, food casings, and food products; and absorbent materials that are used in disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes, and nonwoven fabrics. Wood Products segment primarily manufactures and sells dimension lumber used for residential and industrial construction applications. In addition, Rayonier involves in trading and exporting logs, lumber, and wood panel products. As of December 31, 2005, it owned, leased, or managed approximately 2.5 million acres of timberland and real estate. Rayonier company has a joint venture with RREEF Infrastructure to own and manage timber lands in New Zealand. Rayonier has elected to be treated as a real estate investment trust (REIT) for federal income tax purposes and would not be subject to federal income tax on its REIT income that it distributes to its shareholders. Rayonier company, formerly known as Rainier Pulp & Paper Company, was founded in 1926. Rayonier is headquartered in Jacksonville, Florida.

Oxford Development owns, invests in, manages, and develops commercial properties including office buildings, hotels and resorts, apartments and condominiums, and retail centers. Previously focused on its own investment portfolio of properties, the company has increasingly focused on providing third-party services, including brokerage and investment advisory services. It has a strong presence in its hometown and western Pennsylvania, but has developed projects outside the region. The closely held firm oversees more than 100 million sq. ft. of space, a significant amount of which is located in downtown Pittsburgh.

Ellicott Development Company is a multi-faceted, fully integrated Property Management, Leasing and Development Firm with the “In-House” capacity to provide legal, administrative, financial, management, accounting, development, site selection, site assemblage, architectural design and drafting services, construction, leasing, maintenance, janitorial and security services.

Elbit Imaging Ltd., together with its subsidiaries, engages in the initiation, construction, operation, management, and sale of commercial and entertainment centers, and other mixed-use projects in central and eastern Europe, and India. It also operates and manages hotels primarily in European cities. In addition, the company engages in the research and development, production, and marketing of magnetic resonance imaging guided focused ultrasound treatment equipment; distribution and marketing of fashion apparel and accessories in Israel; and venture capital investments business.

Warner Estate invests in and manages UK commercial properties, specializing in retail, office, and industrial holdings. It invests in and manages property funds, including the Agora Shopping Centre Fund and the Skipper Regional Office Fund (both joint ventures with The Bank of Scotland). Investment vehicle Trefick owns 24% of Warner Estates. Warner sealed a $320.9 million (169.7 million) joint bid with Anglo Irish Bank for industrial property investor Ashtenne in April 2005; less than a year later it said it would buy out Anglo Irish Bank's 50% interest.

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