The surge of mergers and acquisitions that took place during 1997 has affected the makeup of our Top 50 Owners of Shopping Centers -- although no acquisitions were great enough to loosen Simon DeBartolo Group's hold on the No. 1 position.

Owning nearly twice as much GLA as the No. 2 owner (ERE Yarmouth) and reporting more than 30 new, expansion and/or redevelopment projects on the drawing board (see Simon DeBartolo's listing in the Developers Expansion Plans), Simon DeBartolo shows no signs that it will be relinquishing its No. 1 position anytime soon.

When compared to last year's rankings, Kimco Realty Corp., Developers Diversified Realty Corp., The Mills Corp. and George D. Zamias Developer have made strong upward moves in the rankings.

The ranks of the Top 50 also have widened as a result of all the transfers of ownership in 1997. Now listed among the Top 50 Owners are Regency Realty Corp., Vornado Realty Trust, Excel Realty Trust, JP Realty Inc., S.R. Weiner and Associates Inc., JDN Realty Corp. and Bradley Real Estate Inc.

Shopping Center World's ranking of the industry's Top Owners is based upon total shopping center GLA owned, as reported in our "Annual Industry Survey." The 1998 survey was mailed in the fall and was closed for compilation and comparison on Nov. 14, 1997.

Respondents were requested to report GLA owned through Dec. 31, 1997. They were instructed to report only shopping center GLA (enclosed and open-air centers) and only their percentage of ownership in the case of joint ventures.

Additional survey results will be published this March, when Shopping Center World ranks the industry's Top Managers.

To participate in next year's survey (for publication in 1999), mail your request to Shopping Center World, Owners/Managers Survey, 6151 Powers Ferry Road, N.W., Atlanta, Ga. 30339.

1 Simon DeBartolo Group Inc. 115 W. Washington St. * Indianapolis, IN 46204 317/636-1600 Web Site: www.simon.com Total GLA Owned: 105,733,516 sq. ft. Co-Chairmen, Melvin Simon and Herbert Simon; CEO, David Simon; President and COO, Richard S. Sokolov; Exec. Vice President, Corporate Development, Randy Foxworthy; Exec. Vice President, Property Development, Jerry Garvey; Exec. Vice President, Leasing, Jim Napoli; Exec. Vice President, Property Management, John Neutzling; General Counsel, James Barkley; Treasurer, Steve Sterrett

2 ERE Yarmouth 3424 Peachtree Road NE, Suite 800 * Atlanta, GA 30326 404/848-8600 * Fax: 404/848-8910 Web Site: www.EREyarmouth.com Total GLA Owned: 55,500,000 sq. ft. Sr. Exec. Vice President and Head Sr. Investment Management Group, Paul J. Dolinoy; Exec. Vice President and Sr. Acquisition Officer, Ray H. D'Ardenne; Exec. Vice President and Sr. Disposition Officer, Michael J. McNamara; Sr. Exec. Vice President and Sr. Officer in Charge of Mortgage Activity, Edward G. Smith; Chairman/CEO and Head Compass Management and Leasing, Gary Sligar

3 General Growth Properties Inc. 55 West Monroe * Suite 3100 * Chicago, IL 60603-5060 312/551-5000 * Fax: 312/551-5475 Web Site: www.generalgrowth.com Total GLA Owned: 49,610,392 sq. ft. Chairman and CEO, Matthew Bucksbaum; President and COO, Bob Michaels; CFO, Bernie Freibaum; Exec. Vice President, John Bucksbaum; Exec. Vice President, Management Services, John Millar; Sr. Vice Presidents, Asset Management, Randy Richardson and Jean Schlemmer; Sr. Vice President, Development, Jon Batesole; Sr. Vice President, Redevelopment, Mark London; Sr. Vice President, Marketing Services, Mary Kiley

4 Heitman Retail Properties/Heitman Capital Management 180 N. LaSalle St. * Suite 3700 * Chicago, IL 60601 312/855-5700 * Fax: 312/855-2285 Total GLA Owned: 47,527,875 sq. ft. Chairman and CEO, Robert Perlmutter; Exec. Vice President, Operating Properties, Jim O'Brien; Exec. Vice President, New Business, Lori Wittman; Exec. Vice President, Property Management, Virgil Bonifazi; Sr. Vice President, Development/Legal, Rick Metzner; Sr. Vice President/Controller, Terri Johnson; Sr. Vice President, Construction, Mark Bethel; Vice Presidents, Regional Leasing Directors, Gray Englebert, Karen Land and Todd Star; Director of Corporate Marketing, Chelsie Petereit

5 Kimco Realty Corp. 3333 New Hyde Park Road * New Hyde Park, NY 11042 516/869-9000 * Fax: 516/869-9100 Web Site: www.centernet.com/kimco.htm Total GLA Owned: 42,168,359 sq. ft. Chairman of the Board, Milton Cooper; President, Michael Flynn; Vice President, Construction, Joseph Denis; Vice President, MIS, Alex Weiss; CFO, Michael Pappagallo

6 The Rouse Co. 10275 Little Patuxent Parkway * Columbia, MD 21044 410/992-6000 * Fax: 410/992-6363 Total GLA Owned: 41,340,000 sq. ft. Chairman of the Board, President and CEO, Anthony W. Deering; Exec. Vice President and Director, Development and Operations, Douglas A. McGregor; Sr. Vice President and CFO, Jeffrey H. Donahue; Sr. Vice President and Retail Operations Director, Paul I. Latta Jr.; Sr. Vice President and Retail Leasing Director, Robert D. Riedy; Vice President and Director, Investor Relations and Corporate Communications, David L. Tripp

7 The Richard E. Jacobs Group Inc. 25425 Center Ridge Road * Cleveland, OH 44145 216/871-4800 * Fax: 216/892-2741 Total GLA Owned: 39,899,129 sq. ft. Chairman and CEO, Richard E. Jacobs; President and COO, Martin J. Cleary; Exec. Vice President, Thomas W. Henneberry; CFO, Anthony W. Weigand; Vice President, Management, Stephen L. Huber; Vice President, Leasing, David J. Lewanski; Vice President, Design/Construction, Thomas P. Schmitz; Vice President, Finance, Judson E. Smith; Vice Presidents, Real Estate, Donald N. Jones and Michael J. Licciardi; Director, Marketing Services, William N. Fullington; General Counsel, David W. Pancoast

8 Westfield Corp. Inc. 11601 Wilshire Blvd. * 12th Floor * Los Angeles, CA 90025 310/445-4456 * Fax: 310/478-1267 Total GLA Owned: 39,152,195 sq. ft. President, Richard Green; Exec. Director, Peter Lowy; Exec. Vice President, Leasing and Center Management, Roger Burghdorf; Exec. Vice President, Design and Construction, Dimitri Vazelakis; Exec. Vice President, Center Management, Scott Grossman; Exec. Vice President, Marketing, Randall J. Smith; CFO, Mark Stefanek; Vice President, Partner Relations, John Endicott; General Counsel, Irv Hapner

9 Benderson Development Co. Inc. 570 Delaware Ave. * Buffalo, NY 14202 716/886-0211 * Fax: 716/886-6342 Total GLA Owned: 32,245,000 sq. ft. CEO, Nate Benderson; President, Randall Benderson; Vice Presidents and Partners, Rex Burgher, Don Robinson, David Feuerstein, Steve Goodman; Marketing/P.R. Director, Cheryl Ludwig

10 The Cafaro Co. 2445 Belmont Ave. * P.O. Box 2186 * Youngstown, OH 44504-0186 330/747-2661 * Fax: 330/743-2902 Total GLA Owned: 31,369,933 sq. ft. Chairman of the Board, William M. Cafaro; President and CEO, Anthony M. Cafaro; Exec. Vice President, J. J. Cafaro; Vice Chairman, Anthony J. Ross; Vice President and Assistant Treasurer, Flora M. Cafaro; Vice President, Marketing, Phyllis C. Cafaro; Sr. Vice President, Finance, Joseph S. Nohra; Sr. Vice President, Development, R. Lynn Squire; Sr. Vice President, Norman W. Peters; Vice President, Construction, George W. Roth; Treasurer and CFO, Dominic Rosselli Jr.; Vice President, Timothy J. Matune

11 Developers Diversified Realty Corp. 34555 Chagrin Blvd. * Moreland Hills, OH 44022 216/247-4700 * Fax: 216/247-1118 Web Site: www.ddrc.com Total GLA Owned: 30,900,000 sq. ft. President and Chairman of the Board, Scott A. Wolstein; COO, James Schoff; Vice President, Development, John R. McGill; Vice President, Management, Loren F. Henry; Vice President and CFO, William Shafer; Regional Vice Presidents, Leasing, Alan Bobman, Steven Dorsky and Robin Walker; Marketing/P.R. Director, Susan M. Schaaf; Vice President and General Counsel, Joan V. Allgood

12 CBL & Associates Properties Inc. One Park Place, 6148 Lee Highway * Chattanooga, TN 37421 423/855-0001 * Fax: 423/490-8662 Total GLA Owned: 27,139,702 sq. ft. Chairman of the Board, President and CEO, Charles B. Lebovitz; Exec. Vice President, Finance, and CFO, John N. Foy; Exec. Vice President, Development, Stephen D. Lebovitz; Exec. Vice President, Management, Ben S. Landress; Sr. Vice President, Development, Ron Fullam; Sr. Vice President and General Counsel, Ron Gimple; Sr. Vice President, Mall Projects, Michael I. Lebovitz; Sr. Vice President and Director of Corporate Leasing, Eric Snyder; Sr. Vice President, Accounting and Controller, Gus Stephas; Vice President, Mall Management, Jerry Sink; Vice President, Marketing/P.R. Director, John R. Martin Jr.

13 The Taubman Co. 200 E. Long Lake Road, Suite 300 * P.O. Box 200 * Bloomfield Hills, MI 48303-0200 248/258-6800 * Fax: 248/258-7697 Web Site: www.taubman.com Total GLA Owned: 25,330,000 sq. ft. Chairman, A. Alfred Taubman; President and CEO, Robert S. Taubman; Exec. Vice President and CFO, Lisa A. Payne; Exec. Vice President, Development and Acquisitions, William S. Taubman; Sr. Vice President, Asset Management, Denise Anton; Sr. Vice President, Leasing, Douglas Lucey; Sr. Vice President, Construction, Jeffrey Armitage; Sr. Vice President, Corporate Affairs, Christopher J. Tennyson; Director, Investor Relations, Barbara K. Baker

14 The Pyramid Cos. 4 Clinton Square * Syracuse, NY 13202 315/422-7000 * Fax: 315/422-2717 Total GLA Owned: 24,232,000 sq. ft. Managing Partner, Robert J. Congel; CEO and Partner, James A. Tuozzolo; COO, Timothy P. Ahern; General Counsel, Marc Malfitano

15 LaSalle Partners 200 E. Randolph Drive * Chicago, IL 60601 312/782-5800 * Fax: 312/782-4339 Web Site: www.lasalle.com Total GLA Owned: 23,461,597 sq. ft. Chairman of the Board and CEO, Stuart L. Scott; President and COO, Robert C. Spoerri; CEO, LaSalle Partners Management Services, Charles K. Esler Jr.; Chairman, Management Services, Lizanne Galbreath; Exec. Vice President, Leasing and Management, Peyton H. Owen Jr.; Managing Director, John J. Minks

16 The Macerich Co. 233 Wilshire Blvd. * Suite 700 * Santa Monica, CA 90401 310/394-6911 * Fax: 310/395-2791 Total GLA Owned: 21,000,000 sq. ft. Chairman, Mace Siegel; President and CEO, Arthur M. Coppola; Vice Chairman and COO, Dana K. Anderson; Exec. Vice President and Acquisitions Director, Edward C. Coppola; Sr. Vice President and CFO, Thomas E. O'Hern; Sr. Vice President, Leasing Director, Dane F. Smith; Sr. Vice President, Director of Operations, David Contis; Sr. Vice President, Real Estate, Larry Sidwell; Sr. Vice Presidents, Property Management, Charles P. Waldron and Scott W. Burchard; Sr. Vice President, Asset Management Director, Lori A. Gatto; General Counsel, Richard A. Bayer

17 New Plan Realty Trust 1120 Avenue of the Americas * New York, NY 10036 212/869-3000 * Fax: 212/869-3989 Total GLA Owned: 20,700,000 sq. ft. Chairman of the Board, William Newman; President and CEO, Arnold Laubich; Exec. Vice President, Management, James Steuterman; Vice President, Operations, Leonard N. Cancell; Vice President, Leasing, James DeCicco; Marketing/P.R. Director, Christine Dieckmann; Construction Director, David Ozerkis

18 Glimcher Realty Trust 20 S. Third St. * Columbus, OH 43215 614/621-9000 * Fax: 614/621-8930 Total GLA Owned: 19,572,125 sq. ft. Chairman of the Board, Herbert Glimcher; President, David J. Glimcher; Sr. Vice President and CFO, William G. Cornely; Sr. Vice President, CIO and Treasurer, Timothy C. Getz; Sr. Vice President, Development, Alan S. Perlstein; Sr. Vice President, Leasing, Michael P. Glimcher; Sr. Vice President, Construction Services, William R. Husted; Sr. Vice President, General Counsel and Secretary, George A. Schmidt; Vice President, Marketing and Communications, Marie Izzo Cartwright

19 Cambridge Shopping Centres Ltd. 95 Wellington St. West * Suite 300 * Toronto, Ontario, CN M5J 2R2 416/369-1200 * Fax: 416/369-1328 Total GLA Owned: 19,020,100 sq. ft. President, J. Lorne Braithwaite; Sr. Vice President, Development, Stephen Raynor; Sr. Vice President, Asset Management, Ronald Meiers; Vice President, Leasing, Barry McKay; Vice President, Design/Construction, Stewart Crawford; Marketing Director, Shirley Mesbur

20 Crown American Pasquerilla Plaza * Johnstown, PA 15907 814/536-4441 * Fax: 814/535-9486 Web Site: http://www.crownam.com Total GLA Owned: 18,806,450 sq. ft. Chairman and CEO, Frank J. Pasquerilla; President, Mark E. Pasquerilla; Exec. Vice President, Real Estate, Nicholas O. Antonazzo; Exec. Vice President, Asset Management, Tom Stephenson; Exec. Vice President and CFO, John M. Kriak; Sr. Vice President, Facilities Planning, Nicholas Pasquerilla; Sr. Vice President, Leasing, Robert Griffith; Sr. Vice President, Asset Acquisitions, George Sakakeeny; Vice President, Corporate Communications and Marketing, Christine Menna

21 Weingarten Realty Investors 2600 Citadel Plaza Drive, Suite 300 * Houston, TX 77008 713/866-6000 * Fax: 713/866-6049 Web Site: www.weingarten.com Total GLA Owned: 18,058,172 sq. ft. Chairman of the Board, Stanford Alexander; Vice Chairman, Martin Debrovner; President, Drew Alexander; Vice President, Acquisitions, Candace DuFour; Vice President, Construction, John Marcisz; Vice Presidents, Leasing, Steve Weingarten, Johnny Hendrix, Patty Bender and Tim Seckinger; Director, Corporate Communications, Freddge Kelly

22 George D. Zamias Developer 300 Market St. * Johnstown, PA 15901 814/535-3563 * Fax: 814/536-5505 Total GLA Owned: 17,929,506 sq. ft. President/CEO/Founder, George D. Zamias

23 R D Management 810 Seventh Ave. * New York, NY 10019 212/265-6600 * Fax: 212/459-9133 Total GLA Owned: 15,884,987 sq. ft. President, Walter R. Samuels; Vice President, Development, Rick Birdoff; Vice President, Management and Leasing, MaryAnn Savarese; Vice President, Operations and Construction Director, Charles Messi

24 Federal Realty Investment Trust 1626 E. Jefferson St. * Rockville, MD 20852 301/998-8100 * Fax: 301/998-3704 Total GLA Owned: 14,030,796 sq. ft. President and CEO, Steven J. Guttman; Exec. Vice President and COO, Hal A. Vasvari; Vice President, General Counsel and Secretary, Catherine R. Mack; Sr. Vice President, Acquisitions, Robert S. Wennett; Sr. Vice President, Real Estate, Nathan P. Fishkin; Vice President, Development, Jack E. Heinemann; Vice President, Leasing, Jeanne T. Connor; CFO, Ron D. Kaplan; Vice President and Controller, Cecily A. Ward; Vice President, Property Management, Curtis Furgason; Director of Marketing, Meg Lacy; Vice President, Corporate Communications, Kathy Klein

25 Forest City Management Inc. 700 Terminal Tower * Cleveland, OH 44113 216/621-6060 * Fax: 216/263-4806 Total GLA Owned: 13,684,000 sq. ft. Co-Chairmen, Albert Ratner and Samuel Miller; President, CEO and COO, Charles Ratner; President and CEO, Forest City Commercial Group, James Ratner; COO, Forest City Commercial, David LaRue; President, Forest City Commercial, Shopping Center Division, Mark Randol; Vice President, Leasing, Mike Stevens; Marketing/P.R. Director, Nancy McCann; Commercial Construction President, Glenn Moenich

26 Excel Realty Trust Inc. 16955 Via Del Campo * Suite 120 * San Diego, CA 92127 619/485-9400 * Fax: 619/485-8233 Total GLA Owned: 13,672,992 sq. ft. President and CEO, Gary Sabin; Exec. Vice President and COO, Richard Muir; Sr. Vice President and CFO, David Lund; Sr. Vice Presidents, Graham Bullick and Ronald Sabin; Sr. Vice President, Corporate Counsel, Eric Ottesen; Sr. Vice President, Director of Acquisitions, Mark Burton; Vice President, Director of Leasing, John Visconsi; Vice President, Director of Operations, John Barry; Vice President, Development, Dave DeCoursey

27 The RREEF Funds 875 N. Michigan Ave., 41st Floor * Chicago, IL 60611 312/266-9300 * Fax: 312/266-9346 Web Site: http://www.rreef.com Total GLA Owned: 12,997,702 sq. ft. Managing Partner, Donald A. King Jr.; Partner In Charge, Property Management, Robert J. Navratil; Partner in Charge, Portfolio Management, Gerald E. Egan; Partner in Charge, Acquisitions, James D. King

28 The Mills Corp. 1300 Wilson Blvd., Suite 400 *Arlington, VA 22209 703/526-5000 * Fax: 703/526-5111 Web Site: www.millscorp.com Total GLA Owned: 12,783,114 sq. ft. Chairman, Laurence C. Siegel; Chief Operating Officer, Peter B. McMillan; Executive Vice President, Development, James F. Dausch; Executive Vice President, Management, Kent S. Digby; Executive Vice President, Leasing, Judith Berson; Corporate Communications/P.R. Director, Susan A. Goyette

29 Westcor Partners 11411 N. Tatum Blvd. Phoenix, AZ 85028 602/953-6200 * Fax: 602/953-1964 Total GLA Owned: 12,630,813 sq. ft. Chairman, Russ Lyon; President, Rob Ward; Exec. Vice Presidents, Wally Chester, Robert Williams and Jack Rasor; Exec. Vice President and CFO, Robert Mayhall; Sr. Vice President, Asset Management, William P. Whiteside

30 Corporate Property Investors 305 East 47th St. * New York, NY 10017 212/421-8200 * Fax: 212/745-9830 Total GLA Owned: 12,195,000 sq. ft. Chairman and CEO, Hans C. Mautner; President, Mark S. Ticotin; Sr. Vice President and CFO, Michael Johnson; Sr. Vice Presidents, Asset Management, G. Martin Fell and J. Michael Maloney; Vice President, Leasing, Bruce Tobin; Vice President, Development, David Mack; Vice President, Operations, William Bintzer

31 Wilmorite Inc. 1265 Scottsville Road * Rochester, NY 14624 716/464-9400 * Fax: 716/464-0706 Web Site: www.wilmorite.com Total GLA Owned: 11,872,800 sq. ft. Chairman and CEO, Thomas C. Wilmot; Vice Chairman, David M. Jacobstein; Vice Chairman and CFO, John Anderson; Vice President, Development, Alfred W. Friedrich; Vice President, Management and Operations, James R. Wilmot; Vice President, Leasing, Robert J. Wilmot; Marketing/P.R. Director, John R. Kraus; Construction Director, James L. Backus

32 Inland Real Estate Investment Corp./ Inland Commercial Property Management Inc. 2901 Butterfield Road * Oak Brook, IL 60523 630/218-8000 * Fax: 630/218-4935 Web Site: www.inlandgroup.com Total GLA Owned: 11,691,445 sq. ft. Chairman of the Board, Inand Real Estate Investment Corp., Robert D. Parks; President, Inland Commercial Property Management Inc., D. Scott Carr; Sr. Vice Presidents, Inland Real Estate Investment Corp, Patricia Challenger and Roberta Matlin; Vice President, Inland Commercial Property Management Inc., Kristi Rankin; Assistant Vice President, Inland Commercial Property Management Inc., Charles Cimmorelli

33 Vornado Realty Trust Park 80 West, Plaza II * Saddle Brook, NJ 07663 201/587-1000 * Fax: 201/587-0600 Total GLA Owned: 11,609,012 sq. ft. Chairman of the Board, Steven Roth; President, Michael D. Fascitelli; Vice President, Real Estate, Richard T. Rowan; Vice President and CFO, Joseph Macnow; Director of Acquisitions, Todd Bassen; Director of Property Management, Albert J. Zubcak; Construction Director, John V. Kundrat

34 Kravco Co. 234 Mall Blvd. * King of Prussia, PA 19406 610/768-6300 * Fax: 610/768-6444 Web Site: www.kravco.com Total GLA Owned: 11,245,732 sq. ft. Chairman of the Board, Wayne L. Snyder; President, Lewis I. Gantman; Vice President, Development, Joseph C. Esposito; Vice President, Management, Clinton M. Cochran; Vice President, Leasing, Lloyd Miller; Vice President, Construction, Anthony P. Falotico; Vice President, Administration/Corporate Public Relations, Despina F. Page; Vice President, Finance, M. J. Morrow

35 First Union Real Estate Management Inc. 55 Public Square, Suite 1900 * Cleveland, OH 44113 216/781-4030 * Fax: 216/781-1051 Total GLA Owned: 11,074,533 sq. ft. Chairman, President and CEO, James C. Mastandrea; Exec. Vice President and Retail Director, Dan Nixon; Asst. Vice President, Retail Operations, Earl Dorsett; Vice President, Leasing, Western Region, Bill Robbins; Vice President, Leasing, Eastern Region, Gary McEnteer

36 CenterAmerica Property Trust L.P. 3901 Bellaire Blvd. * Houston, TX 77025 713/660-4300 * Fax: 713/349-0901 Total GLA Owned: 10,800,000 sq. ft. President/CEO, Scott MacDonald; Exec. Vice President/General Counsel, Mike Axelrad; Exec. Vice President, Acquisitions, Gary Cunningham; Exec. Vice President/CFO, John Gilluly; Exec. Vice President/COO, Lamar Haggard; Exec. Vice President, Leasing, Charles Tex Spear; Vice President, Development, Dan Muniza; Vice President, Asset Management, Mike Tones; Vice President, Leasing, Rom Michels; Vice President/Controller, Charlie Carver; Vice President, Dallas Operations, Raymond Poche; Director of Corporate Marketing, Christine Baker

37 Aronov Realty 3500 Eastern Blvd. * Montgomery, AL 36116 334/277-1000 * Fax: 334/272-0747 Total GLA Owned: 10,481,082 sq. ft. President, Jake Aronov; Sr. Vice President; Owen Aronov; Sr. Vice President, Development, Frank Johnston; Vice President, Operations, Glenn Reaves; Vice President, Leasing, Marcus Bruchis; Vice President, Marketing/P.R. Director, Robin Raiford; Vice President, Construction, Steve Thompkins

38 Konover & Associates Inc. 2410 Albany Ave. * West Hartford, CT 06117 860/232-4545 * Fax: 860/523-9180 Web Site: www.konover.com Total GLA Owned: 10,099,705 sq. ft. Chairman, Simon Konover; President and CEO, Michael Konover; Exec. Vice President and COO, R. Michael Goman; Exec. Vice President, Development, Richard D. Cohen; Vice President, Property Management, Lisa Whitney; Exec. Vice President, Acquisition, Disposition and Redevelopment, Alan E. Smith; Vice President, Leasing, John Anderson; Vice President, Corporate Marketing, Advertising and Public Relations, Judith R. Rosenthal; President and COO, Konover Construction Corp., Michael Kolakowski; Vice President, Konover Capital Group, Richard Liljedahl

39 Don M. Casto Organization 209 E. State St. * Columbus, OH 43215 614/228-5331 * Fax: 614/469-8376 Total GLA Owned: 9,898,869 sq. ft. Partners, Don M. Casto III and Frank S. Benson III; General Counsel, Harley Schofield; Vice President, Leasing, Steven Friedman; Marketing/P.R. Director, Diane Zibell; Construction Director, Thomas D. Reed

40 Westmark Realty Advisors LLC 865 S. Figueroa St., Suite 3500 * Los Angeles, CA 90017 213/683-4200 * Fax: 213/683-4201 Total GLA Owned: 9,767,735 sq. ft. Chairman of the Board, Richard C. Clotfelter; Vice Chairman, Bruce L. Ludwig; Managing Director, Asset Management, Tim Shine; National Director, Asset Management, Retail, Chris Roscoe; Sr. Asset Managers, Tracy Harrison, Annie Kodak and Elanor Capuano

41 J. J. Gumberg Co. 1051 Brinton Road * Pittsburgh, PA 15221-4599 412/244-4000 * Fax: 412/244-9133 Total GLA Owned: 9,481,000 sq. ft. Chairman of the Board, Stanley R. Gumberg; President and CEO, Ira J. Gumberg; Vice Chairman and COO, Lawrence N. Gumberg; Exec. Vice President, John E. Kramer; Sr. Vice President and General Counsel, James D. Murphy; Sr. Vice President and CFO, William R. Clarkson; Vice President and Director, Construction and Retail Operations, Edward J. Ponczak; Vice Presidents and Directors, New Business, Charles A. Donald and Alfred R. Reitano; Vice President and Director, Retail Leasing, D. J. Czerwinski

42 Rosen Associates Management Corp. 333 Jericho Turnpike * Jericho, NY 11753 516/822-5350 * Fax: 516/433-3821 Total GLA Owned: 9,274,050 sq. ft. Chairman of the Board and President, Robert A. Rosen; Exec. Vice President, Florence Rosen; Vice President, Leasing, and Principal, David Rosen; Leasing Manager, John Josephs; Development and Acquisitions, Peter Gruber and Michael Winters; Management, Robert Scholem and Kelly Sadowski; Marketing/P.R. Directors and Leasing, Josh Weinkranz and Michelle Belfiore; Construction Director, Charles Burkert; Controller, Peter Varou

43 Regency Realty Corp. 121 W. Forsyth St., Suite 200 * Jacksonville, FL 32202 904/356-7000 * Fax: 904/634-3428 Total GLA Owned: 9,067,213 sq. ft. Chairman of the Board and CEO, Martin E. Stein Jr.; Sr. Vice President, Development, John F. Euart; Vice Presidents, Asset Management, John R. Lambert, Patricia L. Pearlberg, Stanley R. Zippin; Vice President, Leasing, Floyd A. "Bud" Cruse; Managing Director, Operations, James D. Thompson; Marketing/P.R. Manager, Priscilla H. Goudreau; Construction Manager, Mark L. Momberg

44 National Realty & Development Corp. 3 Manhattanville Road * Purchase, NY 10577-2117 914/694-4444 * Fax: 914/694-5448 Total GLA Owned: 8,514,704 sq. ft. Chairman of the Board, Robert C. Baker; President & COO, Richard A. Baker; Managing Director of Property Management, Joseph Guidos; Managing Director of Retail Leasing, Clifford N. Simon; Marketing/P.R. Director, Lisa E. Agresta; President, Regional Construction, Stephen A. Levine

45 JP Realty Inc. 35 Century Park Way * Salt Lake City, UT 84115 801/486-3911 * Fax: 801/486-7653 Web Site: www.jprealty.com Total GLA Owned: 8,382,689 sq. ft. Chairman of the Board and CEO, John Price; President, G. Rex Frazier; Vice President, Development and Leasing, Thomas L. Mulkey; Vice President, Management and Operations, Greg Curtis; Vice President and CFO, M. Scott Collins; Marketing/P.R. Director, Phil Vise; Construction Director, Terry Bybee

46 S.R. Weiner and Associates Inc./ WS Development Associates L.L.C. 1330 Boylston St. * Chestnut Hill, MA 02167 617/232-8900 * Fax: 617/738-1628 Total GLA Owned: 8,227,362 sq. ft. President, Stephen R. Weiner; Exec. Vice President and COO, Thomas J. DeSimone; Vice President, Development, Robert Frazier; Center Management and Operations, Albert J. Rocco; Director, Leasing, Lee Anne Klemyk; Marketing/P.R. Director, Robert Gottlieb; Project Director, Construction, William Ellis

47 IRT Property Co. 200 Galleria Parkway, Suite 1400 * Atlanta, GA 30339 770/955-4406 * Fax: 770/612-9030 Total GLA Owned: 8,142,575 sq. ft. Chairman of the Board, Donald W. MacLeod; President and CEO, Thomas H. McAuley; Exec. Vice President, Management and Leasing, Robert E. Mitzel; Exec. Vi ce President and CFO, Mary M. Thomas; Exec. Vice President, Legal and Acquisitions, W. Benjamin Jones III; Vice President, Construction and Development, Daniel F. Lovett

48 JDN Realty Corp. 3340 Peachtree Road, NE, Suite 1530 * Atlanta, GA 30326 404/262-3252 * Fax: 404/364-6444 Total GLA Owned: 8,100,000 sq. ft. Chairman of the Board, J. Donald Nichols; President, Elizabeth L. Nichols; CFO, William J. Kerley; Vice President, Development, Sheldon Whittelsey; Vice President, Property Management, Leilani L. Jones; Vice President, Leasing, David L. Henzlik; Controller, John D. Harris Jr.

49 Bradley Real Estate Inc. 40 Skokie Blvd. * Suite 600 * Northbrook, IL 60062-1626 847/272-9800 * Fax: 847/480-1893 Total GLA Owned: 7,939,567 sq. ft. President and CEO, Thomas P. D'Arcy; Sr. Vice President, Marianne Dunn; Exec. Vice Presidents, Richard L. Heuer and E. Paul Dunn; CFO, Vice President, Irving Lingo Jr.; Vice President, Allen R. Reichstadt; Vice President, Leasing, Steven St. Peter; Vice President, Construction, Frank J. Comber

50 Ramco-Gershenson Properties Trust/ Ramco-Gershenson Inc. 27600 Northwestern Highway, Suite 200 * Southfield, MI 48034 248/350-9900 * Fax: 248/350-9925 Total GLA Owned: 7,909,465 sq. ft. Chairman and Trustee, Joel Gershenson; President, Chief Executive Officer and Trustee, Dennis Gershenson; Exec. Vice President and Chief Operating Officer, Michael A. Ward; Exec. Vice President and Secretary, Richard Gershenson; Exec. Vice President and Treasurer, Bruce Gershenson; Chief Financial Officer, Richard J. Smith

Aronov Realty ... 37 Benderson Development Co. Inc. ... 9 Bradley Real Estate Inc. ... 49 Cambridge Shopping Centres Ltd. ... 19 CBL & Associates Properties Inc. ... 12 The Cafaro Co. ... 10 CenterAmerica Property Trust L.P. ... 36 Corporate Property Investors ... 30 Crown American ... 20 Developers Diversified Realty Corp. ... 11 Don M. Casto Organization ... 39 ERE Yarmouth ... 2 Excel Realty Trust Inc. ... 26 Federal Realty Investment Trust ... 24 First Union Real Estate Management Inc. ... 35 Forest City Management Inc. ... 25 General Growth Properties Inc. ... 3 George D. Zamias Developer ... 22 Glimcher Realty Trust ... 18 Heitman Retail Properties/ Heitman Capital Management ... 4 Inland Real Estate Investment Corp./Inland Commercial Property Management Inc. ... 32 IRT Property Co. ... 47 J. J. Gumberg Co. ... 41 JDN Realty Corp. ... 48 JP Realty Inc. ... 45 Kimco Realty Corp. ... 5 Konover & Associates Inc. ... 38 Kravco Co. ... 34 LaSalle Partners ... 15 The Macerich Co. ... 16 The Mills Corp. ... 28 National Realty & Development Corp. ... 44 New Plan Realty Trust ... 17 The Pyramid Cos. ... 14 The RREEF Funds ... 27 R D Management ... 23 Ramco-Gershenson Properties Trust/ Ramco-Gershenson Inc. ... 50 Regency Realty Corp. ... 43 The Richard E. Jacobs Group Inc. ... 7 Rosen Associates Management Corp. ... 42 The Rouse Co. ... 6 S.R. Weiner and Associates Inc./ WS Development Associates L.L.C. ... 46 Simon DeBartolo Group Inc. ... 1 The Taubman Co. ... 13 Vornado Realty Trust ... 33 Weingarten Realty Investors ... 21 Westcor Partners ... 29 Westfield Corp. Inc. ... 8 Westmark Realty Advisors LLC ... 40 Wilmorite Inc. ... 31

Editor's note: Shopping Center World did not receive the required, 1998 Annual Industry Survey form from Newton, Mass.-WellsPark Group, which ranked No. 9 in last year's listing of the Top Owners.