American Campus Communities is one of the nation's largest developers, owners and managers of high-quality student housing communities. We led the industry to a new plateau in 2004 when we became the first publicly traded student housing REIT (NYSE: ACC). Since 1996, we've developed more than $2.5 billion in properties for our own account and our university clients, and we have acquired in excess of $2.4 billion in student housing assets. Also, we've become a national leader in third-party development and management of on-campus student housing, having been awarded the development of 50 on-campus projects (in addition to our 13 projects developed off campus). Our commitment to our college and university partners is evidenced in our strong ongoing relationships. Almost half of our on-campus developed communities (24 of 50) came from additional projects awarded to us after we had successfully completed a previous community.A deep-rooted understanding of the industry drives the American Campus team. Seven members of our corporate staff at the level of vice president and above began their careers as resident assistants while attending college. Throughout their collective careers, our senior staff has been involved in the development, acquisition or management of more than 214 student housing properties, consisting of more than 127,700 beds at over 173 colleges and universities. This unparalleled experience guides how we analyze student markets, underwrite acquisitions, design and construct our developments, and how we market, lease and operate our communities.

iStar Financial Inc. operates as a finance company focusing on the commercial real estate industry. The company provides custom-tailored financing to high-end private and corporate owners of real estate. Its financing products include senior and mezzanine real estate debt, senior and mezzanine corporate capital, corporate net lease financing, and equity. The company also involves in corporate tenant leasing business, which provides capital to corporations and others who control facilities leased primarily to single creditworthy customers. As of December 31, 2008, iStar Financial owned 362 office, industrial, entertainment, hotel, and retail facilities in 39 states. The company qualifies as a REIT for federal income tax purposes. As a REIT, it generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The iStar Financial Inc. was founded in 1993 and is based in New York, New York.

Urbas makes a living for itself by making living places for others. Urbas Guadahermosa primarily develops residential communities in Spain. It builds detached houses and multifamily properties throughout the country including Madrid, Guadalajara, Asturias, and Salamanca. The company has also developed homes in Morocco and plans further expansion abroad. Additionally, the company has developed commercial space and parking facilities.

Atenor is narrowing its focus. The company, a real estate developer and private equity firm, operates through more than a dozen mostly real estate subsidiaries in the development, construction, and renovation of high-end office buildings. Once the properties (located in Belgium and Luxembourg) are built out and occupied, Atenor sells them for a profit, usually in one to three years. The company sold three of its investment companies in 2005 and plans to leave private equity funding completely. Once Atenor sells its investment firms, it plans to move into residential and retail development.

Cogdell Spencer puts its money where your health is. The self-administered real estate investment trust (REIT) acquires, develops, and manages health care properties, including surgery centers, medical office buildings, and rehabilitation facilities, most of which are located on hospital campuses. It owns or manages about 110 properties, totaling nearly 6 million sq. ft. of space in a dozen states. The majority of its properties are located on hospital campuses in South Carolina, North Carolina, and Georgia. Subsidiary Erdman designs and builds health care facilities. Erdman has provided planning, engineering, construction, and related services for more than 5,000 properties throughout the US.

Manhattan Loft Corporation (MLC) buys disused industrial buildings and warehouses and converts them into residential lofts. When developers were faced with a shortage of residential land in the UK, chief executive Harry Handelsman found inspiration -- and opportunity -- in the lofts of New York's SoHo neighborhood. He is credited with introducing loft living to London with the establishment of MLC in 1992. The firm also builds some of its properties outright, and has started building office and mixed-use projects. MLC has built properties in England, Wales, and Germany.

SEGRO plc is a commercial property investment and development company that has become Europe’s leading provider of flexible business space by focusing on delivering what our customers want, where they want it and by working in partnership with them as their requirements evolve. Operating in ten countries, our property portfolio includes offices, light industrial, logistics, warehouses and datacentre properties.

Kravco Simon through its predecessor Kravco Company has been in business for over fifty years. During that time, the former Kravco Company established itself as a leading real estate development and asset management company specializing in regional shopping malls and community shopping centers. Kravco Simon currently manages and leases approximately 11.0 million square feet of regional enclosed shopping centers. In addition, Kravco Simon currently manages in excess of 1.5 million square feet of community, lifestyle, & office centers. Kravco Simon's largest mall, The Court and The Plaza at King of Prussia, is the second largest mall in the United States and has eight department stores.Kravco Simon Company was formed in the fourth quarter of 2003 as a result of Simon Property Group, an Indianapolis, Indiana- based REIT, increasing its ownership interests in Kravco Investments L.P. (KI) and in Kravco Company (KC), its affiliated property management company.The name change from Kravco Company (KC) to Kravco Simon Company (KSC) was done to reflect the new ownership structure. Arthur L. Powell, one of the original founders of KC, and family members remain active in the company and sit on the new Board of Directors. Arthur Powell is Chairman and his son, Jon R. Powell, President. Other members of the Board include: James Barkley, Richard S. Powell, Richard S. Sokolov, and Stephen Sterrett.

Kushner Companies which once owned and managed some 8 million sq. ft. of property, drastically reduced its apartment holdings by selling more than 17,000 units in 2007. The company's hotel division continues to be run by Westminster Hospitality. Westminster Communities, the firm's construction division, develops property in the Northeast.

Countryside Properties develops real estate in the UK, including multi- and single-family homes, community centers, and mixed-use facilities. It specializes in developing sustainable communities and the regeneration of urban and rural properties. Countryside Properties primarily operates in and around London, but it is expanding into the West Midlands. Major initiatives the company has tackled include the renovation of Anglia Polytechnic University in Essex and the regeneration of Canning Town in London. The firm, which was founded in 1958, is co-owned by the family of chairman and co-founder Alan Cherry (through Copthorn Holdings) and Bank of Scotland.

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