UNITED STATES

ARIZONA

Phoenix ABACUS PROJECT MANAGEMENT, INC. Ste. 1207, 3030 N. Central Ave. 85012 602 265-6870 Fax: 602 265-9360

Abacus specializes nationwide in FNME (DUS), Freddie Mac, physical audits/inspections of existing projects and properties under construction. Verifiable references from 30 lender and real estate clients. Competitive fees and timely delivery. Other related services available.

ESI CORP. #C-225, 5333 N. 7th St. 85014 602 265-6120; Fax: 602 265-5919

McCLURE CONSULTING #155, 3104 E. Camelback 85016 602 840-3699; Fax: 602 530-2369

REALDATA INC. P.O. Box 47700-101 85068 602 789-1223

Scottsdale UPTON & YULE, INC. Ste. 203, 9318 N. 95th Way 85258 602 314-5636; Fax: 602 314-5630

CALIFORNIA

Berkeley SELF STORAGE LEGAL REVIEW 2203 Los Angeles Ave. 94707 510 528-0630; Fax: 510 528-0630

Burlingame E. ROBERT MILLER AND ASSOCS. Ste. 500, 330 Primerose Rd. 94010 415 347-9898; Fax: 415 347-3222

Century City SONNENBLICK-GOLDMAN CO. OF CA Ste. 1901, 1901 Ave. of the Stars 90067 310 277-0600; Fax: 310 277-9407

Cupertino WESTERN INVESTMENT MGMT. CO. Ste. 310, 10080 N. Wolfe Rd. 95014 408 996-0700; Fax: 408 996-3027

Glendale GLENDALE GROUP 2112 Lenore Dr. 91206 818 790-1851; Fax: 818 790-7671

Irvine LEVITAN & ASSOCS. 30 Springwood 92714 714 551-0800

MCS ASSOCIATES Ste. 1000, 18300 Von Karman 92715 714 263-8700; Fax: 714 553-0168

La Canada INTER-INVESTMENTS P.O. Box 516 91012 818 957-5147; Fax: 818 957-8147

La Jolla BARRY LOTZ, J.D., PH.D. Ste. 345, 7660 Fay Ave. 92037 619 551-0201

Lafayette TRANS WEST CAPITAL P.O. Box 1146 94549 510 283-4400

Los Angeles AMINOFF & CO. Ste. 1420, 1800 Ave. of the Stars 90067 310 201-9600 Fax: 310 201-4311

JOSEPH BELSER & ASSOCS., INC. 3262 Corinth Ave. 90066 213 870-3195

(a) CARLTON PROPERTIES INC. Ste. 1420, 1800 Ave. of the Stars 90067 310 201-9600 Fax: 310 201-4311

CEL & ASSOCIATES, INC. Ste. 505, 12121 Wilshire Blvd. 90025 310 571-3113 Fax: 310 571-3117

For over 20 years, the principals of CEL & Associates, Inc. have provided: strategic planning; performance improvement; tenant/resident satisfaction surveys; training; compensation; business planning; workout; investment analysis; financing; and due diligence assistance to the real estate industry. With a national client base, CEL & Associates, Inc. also publishes the Strategic Advantage newsletter-Straight Talk for Real Estate Executives.

DELOITTE & TOUCHE REALTY CONSULTING GROUP 1000 Wilshire Blvd. 90017 213 688-5420

ECONOMICS RESEARCH ASSOCS. Ste. 1600, 10990 Wilshire Blvd. 90024 310 477-9585; Fax: 310 478-1950

E & Y KENNETH LEVENTHAL REAL ESTATE GROUP Stan Ross, Managing Partner 2049 Century Park E. 90067 310 277-0880

Michael L. Evans, Nat'l Director 550 California St. San Francisco, CA 94104 (415) 951-3110

The E & Y Kenneth Leventhal Real Estate Group is the most comprehensive resource for real estate services. EYKL has 2,300 professionals working with real estate owners, investors, and developers as well as homebuilders and construction companies to add value to their real estate, make strategic investment and organizational decisions, and access essential business connections. Specific services, in addition to audit and tax, include: asset management, investment analysis, portfolio reviews, capital sourcing, transaction structuring, due diligence, corporate and financial restructuring, property repositioning, valuation /appraisal, information systems, and corporate real estate services such as site selection, lease reviews, surplus property disposition. EYKL is a business unit of Ernst & Young LLP, the leading integrated professional services firm in the United States, with 21,000 people in 93 offices. Worldwide, Ernst & Young has more than 66,000 people in 685 locations.

RALPH JACKSON ASSOC. Ste. 770, 10850 Wilshire Blvd. 90024-4319 310 475-4646; Fax: 310 475-8046

(a) LANDAUER ASSOCIATES, INC. First Interstate Tower, Ste. 4950 707 Wilshire Blvd. 90017 213 624-3400 Fax: 213 624-0949

International firm offering real estate valuation, analytical, research, financial and transaction counseling services to banks, corporations, institutions, pension funds, developers, owners, investors and governmental agencies. Landauer's counseling perspective is that of a problem-solver providing effective solutions to real estate problems.

MERRITT & HARRIS, INC. 301 E. Glenoaks Blvd., Ste. 4 Glendale, CA 91207-2076 818 500-1174

Nationwide consulting services to the real estate lending and investment community since 1937; design reviews, monthly construction monitoring, and workout services for construction lenders; due diligence physical condition surveys for institutional real estate lenders and investors; offices also in Dallas and New York City.

THE POTENTIA GROUP # 4525, 444 S. Flower St. 90017 213 488-1235; Fax: 213 627-9155

PRICE WATERHOUSE LLP REAL ESTATE ADVISORY SERVICES GROUP Stephen C. Bourcier, MAI 400 S. Hope St. 90071-2889 213 236-3368

Provides real estate valuation, advisory, research and portfolio analysis services to pension funds and institutional investors.

REAL ESTATE ANALYSIS #650, 6381 Hollywood Blvd. 90028 213 460-4777 Fax: 213 460-4333

Consultant for cash flow projections through the following software: ARGUS - DYNALEASE /DYNAMIS - PRO-JECT - OFFICE2/CENTER. THE RECON GROUP Ste. 716, 523 W. 6th St. 90014 213 488-5350; Fax: 213 488-5360

SEDWAY KOTIN MOUCHLY GROUP Ste. 1050, 12100 Wilshire Blvd. 90025 310 820-0900 Fax: 310 820-1703

Real estate consulting firm specializing in market and financial analysis, business planning, fiscal impact analysis, feasibility studies, transaction structuring, public/private negotiations and litigation support for developers, investors, public agencies.

WALD NICKELL REALTY ADVISORS E Loft, 860 Via de la Paz Pacific Palisades, CA 90272 310 459-4141 Fax: 310 459-3411

Advisors - Asset Managers. A single source for strategic planning, acquisition, disposition, leasing, and fee development.

Los Gatos

THE COMMERCIAL NETWORK 22 S. Santa Cruz Ave. 95030 888 TCN INFO Fax: 408 395-2154

Marina Del Rey IJM REALTY, INC. Ste. 319-A, 13929 Marquesas Way 90292 310 827-1180; Fax: 310 301 -2478

Menlo Park BENCHMARK INVESTMENTS, INC. P.O. Box 2141 94026 415 363-1244; Fax: 415 236-2304

Napa ALEXANDER CONSULTANTS 14 Reminoton Ct. 94558-4175 707 224-5126; Fax: 707 224-5018

Newport Beach KOLL: THE REAL ESTATE SERVICES 4343 Von Karman Ave. 92660

TARANTELLO & ASSOCS. #480, 610 Newport Center Dr. 92660 714 833-9360 Fax: 714 851-6895 714 833-2650; Fax: 714 759-9108

Novato WLR, INC. 316 Laurel Ave. 94945 415 897-1604; Fax: 415 897-6519

Oakland CONVERSION MANAGEMENT ASSOCS., INC. Ste. 210, 500 12th St. 94607 510 874-7808; Fax: 510 874-1432

Orange THE TURNER COS. 3821 E. Mandeville 92667

Palo Alto WALLACE & STEICHEN, INC. Ste. 420, 261 Hamilton Ave. 94301 714 998-4567 415 328-0447; Fax: 415 328-3701

Pasadena PETER H. ULRICH, CMB Ste. 409. 201 S. Lake Ave. 91101 818 304-9342; Fax: 818 792-6339

Placentia ALFRED GOBAR ASSOCS. 721 Kimberly Ave. 92670-6343 714 524-1000; Fax: 714 524-0149

Rancho Murieta 1031 REAL ESTATE SERVICES INC. Ste. D106B, 7281 Lone Pine Dr. 95683 800 593-1031; Fax: 916 354-8838

Rancho Santa Fe THE KESSLER ORGANIZATION Drawer L 92067 800 537-7357; Fax: 619 756-1111

Sacramento KARPES REALTY ADVISORS P.O. Box 340250 95834 916 944-7200; Fax: 916 944-7266

San Diego CIC RESEARCH INC. 8361 Vickers St. 92111 619 637-4000; Fax: 619 637-4040

COMPS[R] INFOSYSTEMS, INC. Ste.100, 9888 Carroll Centre Rd. 92103-4581 800 821-1573 Fax: 619 684-3288 COMPS[R] provides the highest quality value-added commercial real estate sale transaction information available today. National coverage currently includes over 22 major markets nationwide.

CONAM MANAGEMENT CORP. 1764 San Diego Ave. 92110 619 297-6771 Fax: 619 294-2451

IRONSTONE GROUP #430, 9665 Chesapeake Dr. 92123 619 292-8777 Fax: 619 292-8818

Since 1982, Ironstone has provided property tax and valuation consulting services. Our alliances with Grubb & Ellis, Fields & Assocs. and TaxNet give us national coverage. In addition to real & personal property tax services, we provide sales and use tax, erroneous payment analysis & utility audits.

San Francisco GRUBB & ELLIS Telesis Tower, 9th Fl. One Montgomery St. 94104 415 956-1990 Fax: 415 274-9700

HOSPITALITY VALUATION SERVICES #620,116 New Montgomery St. 94105 415 896-0868

KINGSLEY & ASSOCS. 500 Howard St. 94105 415 777-1140; Fax: 415 777-0949

NOVOGRADAC, FORTENBACH & CO. 7th Fl., 425 Market St. 94105 415 356-8000 Fax: 415 356-8001 http://www. novoco.com

THE ROUPP GROUP AKA ALBERT A. ROUPP ASSOCS. INC. Ste. 600, 221 Main St. 94105 415 243-3885 Fax: 415 882-9261

SEDWAY KOTIN MOUCHLY GROUP Ste. 1150, Three Embarcadero Ctr. 94111 415 781-8900 Fax: 415 781 -8118

Real estate consulting firm specializing in market and financial analysis, business planning, fiscal impact analysis, feasibility studies, transaction structuring, public/private negotiations and litigation support for developers, investors, public agencies.

SINCLAIR & ASSOCS. P.O. Box 1304 Benicia, CA 94510 707 645-9310: Fax: 707 645-8944

THE VALUATIONS GROUP, INC. Ste. 462, 220 Montgomery St. 94104 415 693-0474. Fax: 415 693-0470

San Mateo THE REAL ESTATE INVST. INSTITUTE 221 Eaton Rd. 94402

VENTANA PROPERTY SERVICES, INC. Ste.145, 2755 Campus Dr. 94403 415 342-6139

Santa Ana PAGTER AND MILLER Ste. 850, 1551 N. Tustin Ave. 92701 415 513-0300 Fax: 415 513-0301 714 541-6072; Fax: 714 541-6897

Santa Cruz SANTA CRUZ AREA CHAMBER OF COMMERCE P.O. Box 921 95061 408 423-1111; Fax: 408 423-1867

Santa Monica BRIDGE ASSET MGT. 3340 Ocean Park Blvd. 90405 310 399-6222

BRODON HOLDINGS #750. 2811 Wilshire Blvd. 90403 310 315-4343; Fax: 310 315-4340

CASEY & SAYRE, INC. Ste. 300, 225 Arizona Ave. 90401 310 458-1224. Fax: 310 458-1133

Sherman Oaks KOSMONT & ASSOCS., INC. Penthouse Ste. 2,14724 Ventura Blvd. 91403 818 990-8565; Fax: 818 990-5859

Tiburon ROD KIMBLE ASSOCS. Ste. 536.98 Main St. 94920 415 388-3807; Fax: 415 388-3804

Tustin RICHARD H. PAULEY CO. INV. REALTORS 100 Pauley Bldg., 17371 Irvine Blvd. 92680-3045 714 731-5015. Fax: 714 731-3509

Yorba Linda KOELLER & CO. 5962 Sandra Dr. 92686 714 777-2744; Fax: 714 777-2369

COLORADO

Boulder MANUFACTURING HOUSING #A, 525 Canyon Blvd. 80302-5052 303 442-4402; Fax: 303 442-4430

Colorado Springs DAVID BAMBERGER & ASSOCS. 5431 Maiestic Dr. 80919 719 522-0776; Fax: 719 592-1126

THE WOZIWODZKI GROUP 1586 S. 21st St. 80904-4234 719 473-4277; Fax: 719 635-3087

Denver HAMMER, SILER, GEORGE ASSOCS., INC. 1638 Pennsylvania St. 80203-1303 303 860-9996

METRO DENVER NETWORK 1445 Market St. 80202 303 534-8500; Fax: 303 534-3200

Englewood PRIMEWEST COMPANIES Ste. 350, 6025 S. Quebec St. 80111 303 741-0700 Fax: 303 741-6988

Evergreen SPECIAL SVCS. REALTY ADVISORS, LLC 29885 Monterey Ln. 80439 303 320-0233; Fax: 303 320-0233

Littleton CONSTRUCTION ASSET ADVISORS, INC. 5603 S. Prince St. 80120 303 738-9880; Fax: 303 738-9335

CONNECTICUT

Danbury REAL ESTATE PROFESSIONALS 7 Old Sherman Tpk. 06810 203 743-2545; Fax: 203 790-9249

Norwalk PHELPS CONSULTING SERVICES John P. Crosby, President 401 Merritt 7, P.O. Box 5101 06856 203 847-8087

Pleasant Valley GARNET CONSULTING SVCS., INC. 157 Park Rd. 06063 860 379-7449

Ridgefield REAL ESTATE INVST. CONSULTS., INC. 108 Spectacle Lane 06877 203 438-1268: Fax: 203 438-1267

Simsbury INLAND/HIXON ASSOC., INC. 736 Hopmeadow St. 06070 203 658-0456; Fax: 203 658-5580

Stamford ARES HOLDINGS, INC. One Atlantic St. 06901 203 352-1500 Fax: 203 323-0438

DISTRICT OF COLUMBIA

HAGER SHARP INC. 1090 Vermont Ave., NW 20005 202 842-3600; Fax: 202 842-4032

HARPS & HARPS, INC. #720, 1522 K St., N.W. 20005 202 682-2194 Fax: 202 682-1579

(a) LANDAUER ASSOCIATES, INC. Ste. 720, 8133 Leesburg Pike Vienna, VA 22182 703 883-9500 Fax: 703 883-9509

International firm offering real estate valuation, analytical, research, financial and transaction counseling services to banks, corporations, institutions, pension funds, developers, owners, investors and governmental agencies. Landauer's counseling perspective is that of a problem-solver providing effective solutions to real estate problems.

COLMAN LEVIN & ASSOCS. Ste. 416, 2301 N St., N.W. 20037 202 223-0716

Extensive experience in conducting feasibility assignments for shopping complexes (new ones and the revitalization/redevelopment of existing ones), site selection, analysis, market strategies, etc.

SPAULDING & SLYE 1025 Thomas Jefferson St. N.W. 20007 202 775-1919 Fax: 202 833-9143

Washington ARTHUR ANDERSEN R.E. ADVISORY SVCS. Ste. 800,1150 17th St. N.W. 20036 202 833-5500; Fax: 202 833-5515

BEARD DEV. CORP. 1076 Thomas Jefferson St., N.W. 20007 202 944-9800: Fax: 202 944-2769

LAND ECONOMICS Ste. 200,17117 Spates Hill Rd. Poolesville, MD 20837 301 972-8087; Fax: 301 349-5905

FLORIDA

Clearwater JORDAN A. BERMAN & ASSOC. 2744 Summerdale Dr. N. 34621 813 724-8044; Fax: 813 725-7744

Coral Gables REAL DATA INFO. SYSTEMS Ste. 1100, 255 Alhambra Circle 33134 305 569-9200; Fax: 305 569-0800

Fort Lauderdale (a) LANDAUER ASSOCIATES, INC. Broward Financial Center, Ste. 1450 500 E. Broward Blvd. 33394 954 764-5403 Fax: 954 764-5406

International firm offering real estate valuation, analytical, research, financial and transaction counseling services to banks, corporations, institutions, pension funds, developers, owners, investors and governmental agencies. Landauer's counseling perspective is that of a problem-solver providing effective solutions to real estate problems.

Gainesville COLLEGIATE PROPERTIES INC. 1519 S.W.13th St. 32608 352 375-4541 Fax: 352 335-1555

Specializing in feasibility, marketing & due diligence studies in university & college locations.

Jupiter SHEEHAN REALTY CORP. 200 Admirals Cove Blvd. 33477 407 745-2600

Miami ALLIANCE PARTNERS, INC. Ste. 2655, One S.E. 3rd Ave 33131 305 577-1700; Fax: 305 577-1730

AZTEC GROUP, INC. PH-IIA, 2665 S. Bayshore Dr. 33133 305 854-5000

CARNIVAL HOTELS & CASINOS 3250 Mary St. 33133 305 445-4200

Orlando LAND DEVELOPMENT ECONOMICS, INC. 1404 E. Concord St. 32803 Fax: 305 445-4255 407 894-5335; Fax: 407 894-8398

Pompano Beach J.R. JACOBSON & ASSOCS. P.O. Box 794 33061-0794 305 771-6573. Fax: 305 771-6573

Tallahassee STATE OF FLORIDA ECONOMIC DEV. Ste. 325, W.107 Gaines St. 32399 904 488-9360; Fax: 904 487-3581

Tamarac RAUSCH FIN'L CORP. 8045 W. McNab Rd. 33321 954 722-5050; Fax: 954 721-1701

Tampa R. C. H I LTON 5839 Mariner Dr. 33609-3411 813 286-2756; Fax: 813 289-3019

Wesley Chapel A.C.B. CONSULTING, INC. 30164 Lynne Dr. 33543 813 973-8299; Fax: 813 973-2638

Winter Park US PARTNERS INC. 120 Univ. Park Dr., Ste. 200 32792 407 657-6000; Fax: 407 657-6061

GEORGIA

Atlanta CARTER (*) ONCOR INTERNATIONAL 1275 Peachtree St., N.E. 30367-1801 404 888-3000 Fax: 404 888-3308

DELOITTE & TOUCHE REALTY CONSULTING GROUP 100 Peachtree St. 30303 404 220-1503

EASLEY, McCALEB & ASSOCS., INC. Ste. 755, 3980 DeKalb Tech. Pwy. 30340 770 454-9998; Fax: 770 455-1094

DALE HENSON ASSOC., INC. Ste. 502,1800 Peachtree St. 30309 404 352-4547 Fax: 404 352-3962

26 years as market advisors to the real estate development/investment industry. Strong specialty in multifamily housing: development planning/feasibility, acquisition due diligence, disposition and rehabilitation strategies, litigation support, market assessments. All national major metros.

INTERCOAST GROUP Ste. 230, 3155 Roswell Rd. N.E. 30305 404 261-5181

(a) LANDAUER ASSOCIATES, INC. Ste. 1530, Three Ravinia Dr. 30346-2131 770 395-5360 Fax: 770 395-5361

International firm offering real estate valuation, analytical, research, financial and transaction counseling services to banks, corporations, institutions, pension funds, developers, owners, investors and governmental agencies. Landauer's counseling perspective is that of a problem-solver providing effective solutions to real estate problems.

(a) LANDAUER ASSOCIATES, INC. Ste. 1900, 233 Peachiree St., N.E. 30303 404 659-4040 Fax: 404 659-7012

International firm offering real estate valuation, analytical, research, financial and transaction counseling services to banks, corporations, institutions, pension funds, developers, owners, investors and governmental agencies. Landauer's counseling perspective is that of a problem-solver providing effective solutions to real estate problems.

LORENC DESIGN 724 Longleaf Dr. 30342-4307 404 266-2711 Fax: 404 233-5619

Property imaging & reimaging, signage programs, landscape design, architectural facelift concepts, lobby design, marketing center design. Clients: Hines, JMB, Homart, Cousins, Carter, NationsBank.

McNAMARAASSOCS., INC. #1410, 225 Peachtree St. 30303 404 681 -0312; Fax: 404 681 -0324

HELEN MEYERS REAL ESTATE 460 E. Paces Ferry Rd. N.E. 30305 404 262-5222; Fax: 404 233-3233

PRICE WATERHOUSE LLP REAL ESTATE ADVISORY SERVICES GROUP John W. Cherry Jr., MAI, CRE Ste. 1700, 50 Hurt Plaza 30303 404 658-8828

Provides real estate valuation, advisory, research and portfolio analysis services to pension funds and institutional investors.

REALTY SERVICES OF AMERICA, INC. 3164 Leconte Ave. 30305-2705 404 842-0433

HAWAII

Honolulu JVK REALTY GROUP. LTD. Ste. 1304,1645 Ala Wai 96815 808 947-3108; Fax: 808 947-3108

IDAHO

Boise T. I. TRUELSEN ASSOCS. - LOCATION & MARKET PLANNING 324 Bitteroot Dr. 83709-0803 208 376-9024

ILLINOIS

Chicago (a) APPRAISAL INSTITUTE Ste. 2400, 875 N. Michigan Ave. 60611-1980 312 335-4100 Fax: 312 335-4400

Members available to advise clients on real estate investment decisions. Free national Directory of Designated Members available. See listing under "Associations" for additional information.

APPRAISAL RESEARCH COUNSELORS, LTD. Eugene W. Stunard, MAI, President Ste. 715, 400 E. Randolph St. 60601 312 565-0977 Fax: 312 565-3436

Operational Divisions-Counseling and Special Studies, Commercial Properties, Industrial Properties, Multi-family, Residential Projects, and Neighborhood Properties.

ARTHUR CAPITAL GROUP Ste. 600, 70 E. Lake St. 60601 312 629-3484 Fax: 312 553-0440

CARLYLE GROUP, LTD. Ward P. Feste Larry Loubet Ste. 2500, 401 N. Michigan 60611 312 832-4200 Fax: 312 222-0124

Human resource consulting and executive search services provided to real estate owners, managers, financing sources, advisors and service companies.

CEMCO Ste. 610, 20 S. Clark 60603 312 855-1500; Fax: 312 855-1510

COHEN FINANCIAL CORP. #800, Two N. LaSalle St. 60602 312 346-5680; Fax: 312 346-6669

THE COUNSELORS OF REAL ESTATE 430 N. Michigan Ave. 60611 312 329-8427 Fax: 312 329-8881

The Counselors of Real Estate, now in its 43rd year, is an international group of recognized professionals who provide expert, objective advice on real property and land-related matters.

DELOITTE & TOUCHE REALTY CONSULTING GROUP 180 N. Stetson Ave. 60601 312 946-2102

DRAPER AND KRAMER, INC. 33 W. Monroe St. 60603-5486 312 346-8600 Fax: 312 541-9503

EBKO. INC. Ste. 300, 125 S. Wacker Dr. 60606 312 633-9181; Fax: 312 633-9272

RICHARD ELLIS INC. Ste. 1750, Three First Nat'l PI. 60602 312 899-1900 Fax: 312 899-0923

GROUP ONE INVESTMENTS Ste.1005, 77 W. Washington 60602 312 346-3434

HOWE & HUTTON, LTD. #4200, 20 N. Wacker Dr. 60606-9833 312 263-3001; Fax: 312 372-6685

JBS & ASSOCS. Ste. 2820, 200 N. LaSalle 60601 312 701-0777; Fax: 312 701-0102

(a) LANDAUER ASSOCIATES, INC. Ste. 1500, 225 W. Washington St. 60606 312 899-0100 Fax: 312 899-0006

International firm offering real estate valuation, analytical, research, financial and transaction counseling services to banks, corporations, institutions, pension funds, developers, owners, investors and governmental agencies. Landauer's counseling perspective is that of a problem-solver providing effective solutions to real estate problems.

LASALLE PARTNERS 200 E. Randolph Dr. 60601 312 782-5800

POLLINA CORPORATE REAL ESTATE, INC. Ste. 1425, 401 N. Michigan Ave. 60611 312 832-0300 Fax: 312 832-0245 E-Mail: pollina@mcs.com

PRICE WATERHOUSE LLP REAL ESTATE ADVISORY SERVICES GROUP Daniel J. Bajadek, MAI 200 E. Randolph Dr. 60601-7601 312 540-2501

Provides real estate valuation, advisory, research and portfolio analysis services to pension funds and institutional investors.

PROPERTY ASSESSMENT ADVISORS, INC. #1010,180 N. LaSalle St. 60601 312 332-1500; Fax: 312 332-2469

REALTY DEVELOPMENT RESEARCH, INC. Ste. 1260, 542 S. Dearborn 60605 312 663-5111 Fax: 312 663-9136

International retail market evaluation and development consulting firm. Specializing in market feasibility, repositioning, and redevelopment studies as well as related advisory services.

STEIN & CO. Ste. 3400, 227 W. Monroe St. 60606-5001 312 372-4240; Fax: 312 372-7622

TISHMAN SPEYER PROPERTIES #2200, 525 W. Monroe 60661 312 207-1100 Fax: 312 207-1123

U.S. EQUITIES REALTY, INC. 20 N. Michigan Ave. 60602 312 456-7000 Fax: 312 456-0056 E-Mail: usequities.com

Evanston VALERIE S. KRETCHMER ASSOCS., INC. 2707 Walnut Ave. 60201 847 864-8895; Fax: 847 864-0103

Glen Ellyn GANN ASSOCS. 731 E. Fullerton Ave. 60139-2930

Lincolnwood

708 469-7851

THE ALTER GROUP, LTD. 7303 N. Cicero Ave. 60646 847 676-4300 Fax: 847 676-4302

Northfield THE ROUPP GROUP AKA ALBERT A. ROUPP ASSOCS. INC. Ste. 2700, 550 Frontage Rd. 60093-1212 847 441-0123 Fax: 847 441-0110

Architectural/engineering consulting working nationwide since 1978; pre-acquisition due diligence and construction loan reviews, troubled property evaluations, advising on condition, maintenance quality, repairs required benefitting Seller/Purchaser and Asset Managers: commercial, industrial, multi-family residential. Midwest Regional Manager for technical due diligence for Aldrich Eastman and Walich. Offices Chicago -- San Francisco -- Phoenix -- Los Angeles.

INDIANA

Indianapolis GFA MANAGEMENT, INC. Ste. 15, 539 Turtle Creek S. Dr. 46227-1756 317 888-7156; Fax: 317 791 -8113

IOWA

Cedar Rapids BENCHMARK ROOF CNSLTS. 6065 Huntington Ct., N.E. 52402 319 393-9100

LANDAUER REALTY ADVISORS. INC. 4333 Edgewood Rd. N.E. 52499 319 398-7939; Fax: 319 369-2188

KANSAS

Wichita HISTORIC PROPERTY ADVISORS 212 N. Market 67202 316 265-3241 Fax: 316 263-9346 E-Mail:lappin@kol.com

LOUISIANA

Baton Rouge R. HANSEN & ASSOCS. 8762 Quarters Lake Rd. 70809 504 922-9108; Fax: 504 922-9114

New Orleans DUPREE, FELTS & YOUNG, INC. Ste. 2103. 200 Carondelet 70130 504 581-6947 Fax: 504 581-6949

THE LAMY GROUP, LTD. Ste. 2245, 650 Poydras St. 70130 800 999-5269; Fax: 504 525-9915

THE SAMUELSON CO. 1107 S. Peters, Ste. 105 70130 504 528-9779; Fax: 504 558-0939

MARYLAND

Annapolis BASILE BAUMANN PROST & ASSOCS. Ste. 10,177 Defense Hwy. 21401 410 266-7800: Fax: 410 266-7866

BBP ASSOCS.

Nichols Center #10, 177 Defense Hwy. 21401 800 822-6330; Fax: 410 266-7866

Bethesda REZNICK FEDDER & SILVERMAN Ste. 300, 4520 East West Hwy. 20814 301 652-9100; Fax: 301 652-1848

STONEBRIDGE ASSOCS., INC. Ste. 875, 4800 Montgomery Lane 20814 301 913-9610; Fax: 301 913-9615

TISCHLER & ASSOCS., INC. #N-210, 4701 Sangamore Rd. 20817 800 424-4318; Fax: 301 320-4860

Chevy Chase ROBERT CHARLES LESSER & CO. Ste. 1250, 5454 Wisconsin Ave. 20815 301 907-6600; Fax: 301 654-3563

Columbia CRYSTAL HILL ADVISORS 10015 Old Columbia Rd. 21046 410 381 -4444; 410 381 -6974

Frederick PETER F. KORPACZ & ASSOCS., INC. 7470 New Technology Way 21703-9461 301 663-9595; Fax: 301 631-0064

Linthicum PRICE WATERHOUSE LLP REAL ESTATE ADVISORY SERVICES GROUP Glenn R. Mueller, PhD. National Director of Real Estate Research Steven P. LaPosa Ste. 501,1806 Concourse Dr. 21090 410 850-9270

Provides real estate valuation, advisory, research and portfolio analysis services to pension funds and institutional investors.

Potomac DAVID M. GUSKIN, R.E. CONSULT. 7805 Laurel Leaf Dr. 20854 301 299-1802; Fax: 301 299-1622

HOUSING PERSPECTIVES, INC. 1013 Willowleaf Way 20854 301 762-5954: Fax: 301 762-7493

REAL EQUITY ADVISORS 11724 Lehavre Dr. 20854 301 340-9171; Fax: 301 424-0873

Rockville CAPREIT 4th Fl., 11200 Rockville Pike 20852 301 231-8700; Fax: 301 468-8391

JEROME MICHAEL & ASSOCS. 16670 Emory Ln. 20853 301 924-1588

MASSACHUSETTS

Boston KIRK & CO. 265 Franklin St. 02110 617 261-7100 Fax: 617 261-7910 E-Mail: kirk&company@kirkco.com

(a) LANDAUER ASSOCIATES, INC. 6th Fl., 1 State St. 02109 617 720-0515 Fax: 617 720-2426

International firm offering real estate valuation, analytical, research, financial and transaction counseling services to banks, corporations, institutions, pension funds, developers, owners, investors and governmental agencies. Landauer's counseling perspective is that of a problem-solver providing effective solutions to real estate problems.

MORRIS & MORSE CO., INC. 399 Boylston St. 02116 617 578-1912; Fax: 617 578-1920

THE LAW FIRM OF PEABODY & BROWN 101 Federal St. 02110 617 345-1000; Fax: 617 345-1300

REAL ESTATE SOLUTIONS Ste. 995,10 Post Office Sq. 02109 617 695-1730; Fax: 617 695-1821

RESOLVE TECHNOLOGY INC. Ste. 823, 294 Washington St. 02108 617 338-0456; Fax: 617 338-0420

SCHNEIDER & ASSOCS., INC. 585 Boyleston St., 4th Fl. 02116-3609 617 783-5530; Fax: 617 787-2209

SPAULDING & SLYE 125 High St. 02110 617 523-8000 Fax: 617 523-8001

Spaulding & Slye is an integrated real estate services company established in 1966. The company's service groups are: leasing/sales, construction, property/asset management, development management, and advisory services. In addition, Spaulding & Slye is an owner/member of Colliers International, an association of 47 real estate services companies with over 4,400 professionals in 190 offices worldwide. Spaulding & Slye has serviced several billion dollars in commercial real estate properties, as well as assisted numerous local and national companies in planning and implementing successful real estate strategies.

Brookline D.A.B. APPRAISAL SERVICES Ste. 918, 33 Pond Ave. 02146 617 566-6966 Fax: 617 734-6001

Cambridge JOHN BROWN ASSOCS. INC. 2464 Massachusetts Ave. 02140 617 497-5446; Fax: 617 497-5196

REAL ESTATE CONSULTING ALLIANCE Ste. 200N, 124 Mt. Auburn St. 02138 617 492-3944 Fax: 617 492-1370

Regional economic and portfolio analysis consulting and software services. Customized solutions for real estate analysis covering over 300 MSAs and over 5,000 submarkets.

Hanover APEX PPTY. EXCHANGE, INC. 2036 Washington St. 02339-1617 617 871 -6800; Fax: 617 982-9558

Lexington J. L. SCHATZ RESEARCH, INC. 135 Worthen Rd. 02173-7019 617 862-7953

Lynn BRESCO, INC. Ste. 301, 20 Wheeler St. 01902 617 595-0410; Fax: 617 592-1259

Needham HELWIG ASSOCS., INC. P.O. Box 847 02192-0009 508 785-2990; Fax: 508 785-0346

MICHIGAN

Birmingham YATES FINANCIAL CORP. Ste. 260, 725 S. Adams 48009 810 644-3233

Flint

EDWARD H. POWERS, ATTY. 200 Phoenix Bldg. 48502 810 234-4695; Fax: 810 239-5252

Southfield THE STRATEGIC EDGE Ste. 211, 24333 Southfield Rd. 48075 810 557-1664; Fax: 810 557-0335

Troy THE GREEN GROUP Ste. 105, 2690 Crooks Rd. 48084 810 244-9400 Fax: 810 244-9024

Retail expansion planning. Site location analysis. Commercial land use. Demographic analysis. Feasibilitystudies. Statistical modeling. Members of ICSC, ULI, AMA, AAG.

MINNESOTA

Bloomington STRATEGIC R.E. SVCS., INC. P.O. Box 385202 55438-5202 612 941-6900; Fax: 612 941-4332

Minneapolis DOHERTY RUMBLE BUTLER #3500,150 S. 5th St. 55402 612 340-5568; Fax: 612 340-5584

MARTIN KITTS & ASSOCS. #222, 5100 Edina Industrial Blvd. 55439 612 835-9698; Fax: 612 820-0634

MARDELL, AMUNDSON, JOHNSON & LEIRNESS, INC. Ste. 2000, 527 Marquette Ave. 55402-1321 612 339-7700 Fax: 612 339-7937

Shoreview CLAPP THOMSSEN CO. 1003 Carmel Ct. 55126 612 490-9465

Wayzata THE GUIDERA GROUP, INC. 173 Ridgeview Dr. 55391-1015 612 449-9931; Fax: 612 449-0243

MISSOURI

Kansas City HUNTRESS REAL ESTATE EXECUTIVE SEARCH P.O. Box 8667 64114 913 383-8180; Fax: 913 383-8184

MAYER HOFFMAN MCCANN 420 Nichols Rd. 64112 816 968-1000; Fax: 816 531-7695

THE ZIMMER COMPANIES 1220 Washington St. 64105 816 474-2000 Fax: 816 421-6666

Kirkwood LEE CARTER, REG. PROF. ENG. 622 Belson Ct. 63122-3073 314 821-4091

Saint Louis DEVELOPMENT STRATEGIES Ste. 1640, 10 S. Broadway 63102 314 421-2800 Fax: 314 421-3401

REAL ESTATE STRATEGIES AND ADVISORY SERVICES The Oaks, 66 Chesterfield Lakes 63005-4520 314 530-1337 Fax: 314 530-1356

Richard C. Shepard, CRE. Real estate strategies applied to firms, portfolios, specific properties or markets. Clients include businesses, corporations, investors, financial institutions, asset managers, property managers, developers, architects and attorneys. Expert witness and litigation support.

Springfield MERRIMAN R.E. INVST. 2849 S. Fremont 65804 417 883-3226; Fax: 417 883-9747

NEW JERSEY

Blackwood HEALTH CARE FACILITY CNSLT. 11 Braemar Ave. 08012 609 228-3830 609 228-3830

Fairfield JACOBS ENTERPRISES INC. 60 Rte. 46 East 07004 201 244-0100; Fax: 201 882-1560

Far Hills H. ROSS FORD ASSOCS. P.O. Box 936 07931 908 766-2335; Fax: 908 766-2343

Florham Park NATIONAL VALUATION SERVICES, INC. 171 Ridgedale Ave., P.O. Box 190 07932 201 822-2323 Fax: 201 822-1215

Haworth BRIAN J. STRUM ASSOCIATES, INC. 435 Pine Ln. 07641 201 384-1400; Fax: 201 384-0897

Morristown WADLEY-DONOVAN GROUP (WDG) One Madison Ave. 07960 201 540-0012 Fax: 201 540-9697

Management consulting firm specializing in location/relocation of office & industrial facilities. Services include strategic planning, feasibility, location/site selection and human resource impacts.

Princeton VALUATION COUNSELORS Princeton Pike Corporate Pk., CN30 08543-0030 609 896-0300 Fax: 609 896-1849

Red Bank METROPOLITAN ANALYSIS, A FORECASTING CORP. Union Sq. Office Commons, 500 Route 35 07701 908 747-8807; Fax: 908 747-8833

Ringoes THE WHITNEY CO. 61 Dutch Ln. 08551 908 806-4047; Fax: 908 788-7688

Spring Lake PROFESSIONAL CONDOMINIUM CONVERSIONS INC. P.O. Box 67 07762 908 280-8550; Fax: 908 280-1311

West Orange CORPLAN, INC. #204, 111 Northfield Ave. 07052-4723 201 736-8404; Fax: 201 736-8402

NEW MEXICO

Albuquerque ALBUOUEROUE ECONOMIC DEV. #203, 851 University Blvd. 87106 505 246-6200; Fax: 505 246-6219

DEKKER/PERICH & ASSOCS., P.C. Ste. 675, 6501 Americas Pky., N.E. 87110 505 888-3111; Fax: 505 883-8050

NEW YORK

Albany ROBERT COHN ASSOCS. INC. Ste.101, 255 Washington Ave. Ext.12205-5504 518 452-2700; Fax: 518 452-7037

Buffalo CLINTON BROWN CO. 25 E. Huron St. 14203-1691

Cold Spring SWALLOW COMMUNICATIONS P.O. Box 248 10516 716 852-2020 914 265-2326; Fax: 914 265-3060

Corflandt Manor WINDHAM ASSOCS. 104 Oregon Rd.10566 914 739-3473

Fayetteville DAVID SHER ASSOCS., INC. 7 Lynacres Blvd.13066 315 446-2077; Fax: 315 446-2077

Grand Island ECONOMIC CONSULTANTS ORG., INC. 30 Fieldstone Dr. 14072 716 773-1904; 716 773-0961

Great Neck KEEN REALTY CONSULTANTS, INC. 6th Floor, 60 Cutter Mill Rd. 11021 516 482-2700; Fax: 516 482-5764

LIEBERMAN COMPANIES Bruce R. Lieberman, President 199 Middle Neck Rd. 11021 516 466-6565

Specialists in multi-family and commercial (all types) hardship situations NATIONWIDE. "The Turnaround People." We are also buyers of distressed properties. Contact Bruce R. Lieberman.

Hastings-on-Hudson ALFRED WILNER, P.E. Unit 59,10 Old Jackson Ave. 10706 914 478-4660

Jericho HEALTH CARE VALUATION NETWORK, INC. Two Jericho Plaza 11753 516 822-2700; Fax: 516 822-2702

Lake Success SUTTON & EDWARDS INC. 1981 Marcus Ave. 11042 516 328-6500 Fax: 516 328-6749

Lewiston CONSTRUCTION ECONOMISTS OF AMERICA, INC P.O. Box 1053 14092 716 754-7841

New York City ATLANTIC APPRAISAL CO., INC. 60 E. 42nd St. 10165 212 972-9630; Fax: 212 972-9631

COOPERS & LYBRAND L.L.P. 1301 Ave. of the Americas 10019 212 259-2666 Fax: 212 259-2664

Assist with developing real estate strategies, evaluating acquisitions and divestitures, evaluating development activities, maximizing operating and economic results, and appraising and valuing real estate.

KATHRYN A. DAVIS MKTG. & PR Ste. 2E, 185 W. End Ave.10023 212 496-9363; Fax: 212 496-9850

DELMHORST & SHEEHAN INC. 100 Park Ave. 10017 212 286-8900; Fax: 212 692-9468

DELOITTE & TOUCHE REALTY CONSULTING GROUP 2 World Financial Center 10281 212 492-4755

DOUGLAS A. EDWARDS, INC. 34 E. 39th St. 10016 212 687-0700; Fax: 212 983-7232

FASHION REALTY GROUP, LTD. 1440 Broadway 10018 212 819-9090; Fax: 212 921-2986

GLOBAL MKTG. GROUP LTD. 119 W. 57th St.11019 212 247-6060; Fax: 212 586-5446

GRANT THORNTON LLP 605 Third Ave.10158 212 599-0100 Web Site: http://www.gt. com

Serving real estate developers, managers, investors and lenders by providing assurance, tax and management consulting advice. Services include: audit and accounting, tax planning and compliance, cost classification studies, international consulting, information technology selection and implementation, operations and productivity improvement. Regional offices: Baltimore (410) 685-4000 Chicago (312) 856-0200 Detroit (810) 262-1950 Honolulu (808) 536-0066 Kansas City (816) 471-1520 Miami (305) 377-9900 Philadelphia (215) 561-4200 Reno (702) 786-1520 San Francisco (415) 986-3900

GRUBB & ELLIS NEW YORK, INC. 10th Fl., 55 E. 59th St.10022 212 759-9700; Fax: 212 326-4802

THE HARLAN COMPANY 37th Fl., 150 E. 58th St. 10155 212 980-9400; Fax: 212 759-0486

HOBSON ASSOCIATES LTD. 201 E. 69th St. 10021 212 570-9188; Fax: 212 570-1921

KOEPPEL TENER REAL ESTATE SERVICES, INC. 575 Lexington Ave.10022 212 935-9191 Fax: 212 935-5935

(a) LANDAUER ASSOCIATES, INC. 666 Fiflh Ave. 10103 212 621-9500 Fax: 212 621-9567

International firm offering real estate valuation, analytical, research, financial and transaction counseling services to banks, corporations, institutions, pension funds, developers, owners, investors and governmental agencies. Landauer's counseling perspective is that of a problem-solver providing effective solutions to real estate problems.

MAZURSKY GROUP TAX CONSULTANTS 6 Water St.10004

MERRITT & HARRIS, INC. 110 E. 42nd St.,12th Fl.10017-5685 212 697-3188

Nationwide consultilng services to the real estate lending and investment community since 1937; design reviews, monthly construction monitoring, and workout services for construction lenders; due diligence physical condition surveys for institutional real estate lenders and investors; offices also in Dallas and Los Angeles.

MILLER-GROMEK, TECHNICAL R. E.

ADVISORY SERVICES 92 Center St. Clinton, NJ 08809 908 730-9497 Fax: 908 730-8182

Architectural & engineering review, due-diligence evaluations, construction monitoring, building diagnostic & forensic investigation. project management, owner's representation for the real estate financial community.

NEWMARK & COMPANY REAL ESTATE, INC./NEWAMERICA 125 Park Ave.10017 212 372-2000 Fax: 212 372-2426

PRICE WATERHOUSE LLP REAL ESTATE ADVISORY SERVICES GROUP James R. MacCrate, MAI, CRE 1177 Ave. of the Americas 10036 212 596-7000

Provides real estate valuation, advisory, research and portfolio analysis services to pension funds and institutional investors.

ROSE ASSOCS., INC. 200 Madison Ave., 5th Fl.10016-3998 212 210-6666 Fax: 212 210-6799

ROSIN & ASSOCS. Ste. 615, 32 Union Sq. E.10003 212 505-6100; Fax: 212 254-1322

THE SAALT GROUP 509 Madison Ave. 10022-5501 212 980-2055; Fax: 212 980-2396

JULIEN J. STUDLEY, INC. 300 Park Ave. 10022 212 326-1 000 Fax: 212 326-1034 E-Mail: studley@studley.com

ERIC S. WEISS, TAX CERTIORARI ATTY. 271 Mad ison Ave.10016 212 986-6565

North Salem ARAMAZD BABAKHANIAN 14 Deveau Rd.10560 914 669-5389

Pearl River ROCKLAND ECON. DEV. CORP. Ste 1110. One Blue Hill Plaza 10965 914 735-7040; Fax: 914 735-5736

Rochester TOM WEMETT, REALTOR P.O. Box 15513 14615 716 264-7283; Fax: 716 544-3330

Staten Island JOHN R. KUBASEK & ASSOC. 407 Manor Rd. 10314 718 727-4366; Fax: 718 720-7918

Sterling Forest PALEY DIXON, INC. Seven Point Rd.10979 914 477-0400; Fax: 914 477-0382

White Plains GREENE MGMT. 30 Glenn St.10603 914 949-5196; Fax: 914 949-8866

INSPECTION & VALUATION INTERNATIONAL 55 W. Red Oak Ln.10604 914 694-1900 Fax: 914 694-4007

Single source engineering consulting services, nationwide and abroad, for lending institutions and investors: construction loan monitoring, mortgage securitization due-diligence, building inspections for financing or acquisition purposes, review of plans and specifications, claims, construction cost estimating and replacement reserve assessment studies. U.S. affiliate of SOCOTEC International Inspection, S.A.. Paris, France and Hunter & Partners, London, England. The firm has regional offices in Washington, DC, Los Angeles, Dallas and Miami.

Woodstock SECURITIES INVESTIGATIONS P.O. Box 888 12498 914 679-2300; Fax: 914 679-2301

Yorktown Heights RAYMOND H. ARNOLD CO. 3465 Curry St. 10598 914 245-7773 Fax: Call First

Consulting Services -- Land Use, Zoning, Site Selection & Environmental Review of Properties for Private Development in the Hudson Valley Region of New York State.

NORTH CAROLINA

Charlotte KARNES RESEARCH CO. Ste. 321, 4425 Randolph Rd. 28211 704 364-8170: Fax: 704 364-8991 J. R. NICHOLSON & CO., INC. P.O. Box 35527 28235-5527

PERCIVAL'S, INC., AMO[R] Ste. 900, 301 S. McDowell St. 28204 704 374-0655 704 333-1535 Fax: 704 333-8633

Greensboro ROBINS & WEILL, INC. 430 W. Friendly Ave. 27401 910 273-0851; Fax: 910 370-1319

Raleigh BURCAM CAPITAL ADVISORS 601 St. Mary's St. 27605 919 834-9400; Fax: 919 856-0020

THOMAS F. STEVENS. CCIM Ste.145, 4008 Six Forks Rd. 27609 800 459-6887 Fax: 919 782-5515

E-Mail: 74667, 1015@compuserve.com

Wilmington JOSEPH A. ROBB & ASSOCS. 3804 Park Ave. 28406 910 392-6880; Fax: 910 791-7912

Winston-Salem BELL & GARDNER. INC. #400, 8 W. 3rd St. 27101 910 725-4275; Fax: 910 725-1964

OHIO

Akron BOCK & CLARK 537 N. Cleve-Mass Rd. 44333 800 SURVEYS; Fax: 330 666-3608

Cincinnati ABC MORTGAGE CO., INC. P.O. Box 17113 45217 513 543-7715; Fax: 513 521-3344

R.E. DIETZ & CO., INC. 225 E. Sixth St. 45202 513 729-1400; Fax: 513 729-1401

CRAIG COMPANIES, INT'L Ste. J, 44 Eswin Dr. 45213 513 241 -3375; Fax: 513 241 -3670

PEERLESS REAL ESTATE CO. 9420 Towne Square Ave. 45242 513 791-6363; Fax: 513 791-6606

Cleveland THE AUSTIN GROUP Ste.103, 3351 Warrensville Ctr. Rd. 44122 216 991 -1697

CLEVELAND R.E. PARTNERS Ste. 1700, 1801 E. 9th St. 44114 216 623-1600; Fax: 216 696-8590

Columbus DANTER CO. 30 Scruce St. 43215 614 221-9096; Fax: 614 221-4271

JAMES M. JENNINGS ASSOCS. CO. 1858 Chatfield Rd. 43221-3819 614 488-9001

NATIONAL LAND ADVISORY GROUP 208 E. State St. 43215 614 228-5229; Fax: 614 463-9642

OKLAHOMA

Tulsa TOOMAN COLLINS ASSOCIATES P.O. Box 521090 74152-1090 918 744-0262 Fax: 918 744-0130

OREGON

Eugene DON NORRIS ASSOCS., INC. P.O. Box 5565 97405 800 259-3345 Fax: 503 686-9905

Portland MITCHELL NELSON WELBORN REIMANN PARTNERSHIP 233 S.W. Front Ave. 97204 503 225-0822; Fax: 503 273-8353

REALTY CAPITAL MARKETS CONSULTS. 4802 S.W. Scholls Ferry Rd. 97225 503 292-8678; Fax: 503 292-8360

DONALD K. ROBBINS. PC 10285 NW Flotoma Dr. 97229 503 297-2000; Fax: 503 297-2264

PENNSYLVANIA

Ambridge THE KRISTUFEK AGENCY 405 Merchant St.15003 412 266-1139; Fax: 412 266-8713

Bala Cynwyd ANDREWS & LEITH Ste. 924.191 Presidential Blvd. 19004 215 546-0404

Bala-Cynwyd POLIS REAL ESTATE 191 Presidential Blvd. 19004 610 667-6450

Broomall COMMERCIAL SITE PLANNERS 105 Cove Rd.19008 610 356-9200; Fax: 610 353-0530

Chatham CHATHAM FIN'L CORP. S. White Horse Rd.19318 610 869-3784; Fax: 610 869-3775

Hatboro COLONIAL REALTY 41 Byberry Rd.19040 215 672-2100

Horsham LASHNER, RUSH & ASSOCS., R.E. INVST ADVISORY SVCS. Ste. 250, 300 Welsh Rd. 19044-2263 215 957-1999; Fax: 215 957-6570

Philadelphia AEGIS REALTY CONSULTANTS Ste. 2144.123 S. Broad St.19109 215 546-5800 Fax: 215 546-1584

Aegis is an advisor and asset manager serving domestic and European institutional investors with real estate interests in the eastern United States and Canada.

ARTHUR ANDERSEN LLP 1601 Market St. 19103-2499 215 241 -6243 Fax: 215 241-8290

BINSWANGER ADVISORY GROUP Two Logan Square 19103 215448-6000 Fax: 215448-6238

Binswanger Advisory Group provides a complete range of corporate real estate services, including property management, tenant representation, lease evaluation, appraisal, and project management and financial services. Binswanger has 150 offices & 5200 people worldwide.

HUFF REAL ESTATE INC. Ste. 501,1608 Walnut St. 19103 215 790-0689

(a) JACKSON-CROSS CO..ONCOR INTERNATIONAL Arthur F. Hirsch, Sr. Vice President and Manager 1800 John F. Kennedy Blvd. 19103-7478 215 561-8981

Headquartered in Philadelphia since 1876, Jackson-Cross(*)ONCOR International is the largest privately owned and managed commercial real estate firm in the region. Our Corporate Real Estate Services (CRES), Division provides advisory and transactional services to corporate and institutional clients having the need for sophisticated analyses and solutions. We provide our clients with the ability to take an active role in the management of their real estate assets, allowing them to maximize the value of their real estate portfolios. We maintain offices in Berwyn, Harrisburg, and Allentown, Pennsylvania; Princeton, New Jersey, and Wilmington, Delaware. Through ONCOR International, our marketing specialists are in virtually every corner of the world, allowing us to provide information and services to clients in 30 countries and more than 200 markets.

LEGG MASON REAL ESTATE SERVICES 12th Fl., 1735 Market St. 19103-7501 215 496-3000 Fax: 215 496-3077

STEPHEN B. NARIN, ESQ. 1400 Four Penn Center 19103 215 981-0630; Fax: 215 981-0652

Pittsburgh MID ATLANTIC REALTY ADVISORS Ste. 403, 610 Smithfield St. 15222 412 391-1010; Fax: 412 391-1032

SPECIALTY CONSULTANTS, INC. 2710 Gateway Towers 15222 412 355-8200; Fax: 412 355-0498

York REAL PROPERTY SERVICES P.O. Box 946 17403 717 771-1 832

SOUTH CAROLINA

Pawleys Island THE MAHON CO. #8B, 121 Centermarsh Lane 29585 803 237-9102; Fax: 803 237-1717

TENNESSEE

Nashville ROSS BRYAN ASSOCIATES INC. 1025 16th Ave. South 37212-7328 615 329-1300; Fax: 615 327-4446

TRINITY CORP.

P.O. Box 50088 37205-0088 615 259-1469; Fax: 615 259-1470

TEXAS

Auslin CAPITOL MARKET RESEARCH Ste. 300, 605 Brazos 78701 512 476-5000

Bedford MERRITT & HARRIS, INC. 2220 Airport Fwy., Ste. 440-294 76022 817 329-4916

Nationwide consulting services to the real estate lending and investment community since 1937; design reviews, monthly construction monitoring, and workout services for construction lenders; due diligence physical condition surveys for institutional real estate lenders and investors; offices also in Los Angeles and New York City.

Dallas AMERICAN GENERAL HOSPITALITY, INC. Ste. 300, 3860 W. Northwest Hwy. 75220 214 352-3330 Fax: 214 351-0568

CHINDAS INT'L CORP. 3131 Turtle Creek Blvd. 75219 214 520-8156 Fax: 202 364-4765

German Office: Kurfurstendamm 11,10719 Berlin, Germany. Tel: +49/30/884410; Fax: +491301 88441520

COLLINS FINANCIAL GROUP #601, 3721 N. Hall St. 75219-4270 214 528-9430 Fax: 214 S28-814n

DELOITTE & TOUCHE REALTY CONSULTING GROUP Ste. 1600, 2200 Ross Ave. 75201 214 777-7675

GREENBRIER ASSOCS. LLC Ste. 1865, 5949 Sherry Ln. 75225 214 361-5200; Fax: 214 368-2818

LANDAUER ASSOCIATES, INC. Ste. 930,13760 Noel Rd. 75240 214 866-9090 Fax: 214 774-1992

International firm offering real estate valuation, analytical, research, financial and transaction counseling services to banks, corporations, institutions, pension funds, developers, owners, investors and governmental agencies. Landauer's counseling perspective is that of a problem-solver providing effective solutions to real estate problems.

M/PF RESEARCH, INC. #300, 5550 LB] Fwy. 75240 214 980-2900; Fax: 214 980-6732

VCK CAPITAL ADVISORS, LTD. Premier Place, #1750 5910 N. Central Expy. 75206 214 987-8080 Fax: 214 987-8090

ROBERT WOOD CONSULTANTS P.O. Box 8167 75205 214 369-3209

Fort Worth YAGER & CO., REALTY ADVISORS #400, 6421 Camp Bowie Blvd. 761 16-5422 817 377-9891; Fax: 817 377-8150

Houston BACH THOREEN MCDERMOTT INC. Ste. 1060, 1331 Lamar 77010 713 739-1818; Fax: 713 739-1203

HARRINGTON ELLIS & ASSOCS., P.C. P.O. Box 6753 Kingwood. TX 77345 713 360-0521; Fax: 713 360-0522

HINES 50th Fl., 2800 Post Oak Blvd. 77056-6118 713 621-8000 Fax: 713 966-2053

JOSEPH CONSTRUCTION CONSULTING CO. P.O. Box 218573 77218 713 589-2100

LEHRER FINANCIAL & ECON. SVCS. Ste. 802.5555 Del Monte Dr. 77056 713 972-7912; Fax: 713 964-0444

LESLEY & ASSOCS., INC. Ste. 635, One Greenway Plaza 77046 713 850-9240; Fax: 713 850-9207

PDS GROUP Ste. 600, 750 Bering Dr. 77057 713 977-2824; Fax: 713 781- 3863

PRICE WATERHOUSE LLP REAL ESTATE ADVISORY SERVICES GROUP D. Richard Wincott, MAI, CRE Partner Jerry W. Witte Jr., MAI Ste 2900,1201 Louisiana77002-5678 713 654-4100

Provides real estate valuation, advisory, research and portfolio analysis services to pension funds and institutional investors.

STEWART CONSULTING ASSOCIATES Frank Stewart, President Ste 107, 4910 Dacoma 77092-7714 713 688-8665; Fax: 713 688-6314

Richardson REAL ESTATE TAX SVCS., INC. Ste. 100, 111 W. Spring Valley 75083 214 776-6000; Fax: 214 991-9305

San Antonio MAIN STREET PPTS. P.O. Box 460285 78246 210 344-2200; Fax: 210 344-2300

MARK C. TEMPLE P. O. Box 700115 78270-0115 210 496-9499; Fax: 210 496-9499

THE VETTER GROUP REALTY ADVISORS Ste. 700, 1100 N.W. Loop 410 78213 210 366-8795; Fax: 210 492-0272

Sugar Land GREATER FORT BEND ECON. DEV. COUNCIL One Fluor Dr. 77478 713 242-0000; Fax: 713 242-6739

UTAH

Sandy PUBLIC-PRIVATE VENTURES, INC. 2067 E.10140 South 84092-4042 801 943-3689 Fax: 801 943-1091

VERMONT

North Bennington BENNINGTON CTY. IND. CORP. Water St . P.O. Box 357 05257 802 442-8975: Fax: 802 447-1101

Norwich DOUGLAS J KENNEDY & ASSOCS. P.O. Box 858 05055 802 649-3892: Fax: 802 649-3892

VIRGINIA

Alexandria DELTA ASSOCIATES 701 Prince St. 22314 703 836-5700 Fax: 703 836-5765

Burke FACTORY OUTLET CONSULTANTS 9905 Hemlock Woods Ln. 22015 703 250-5166: Fax: 703 239-0288

Herndon RER RESOURCES LIMITED PARTNERSHIP 950 Herndon Pwy. 22070 703 450-6789 Fax: 703 450-7833

Norfolk MASSEY ENTERPRISES. INC. Ste. 220,13 Koger Ctr. 23502 804 466-1005: Fax: 804 466-9242

Richmond PAINE WEBBER, INC. Ste.1800,1021 E. Cary St. 23219 804 644-4111; Fax: 804 775-1556

Vienna GRANITE CREDIT, L.L.C. P.O. Box 502 22183 703 758-4601 Fax: 703 281-0437

WASHINGTON

Seattle DELOITTE & TOUCHE LLP Ste. 4500, 700 Fifth Ave. 98104-5044 206 292-1800: Fax: 206 343-7809

DUPRE & SCOTT APARTMENT ADVISORS #104, 6041 California Ave., S.W. 98136-1673 206 935-3458; Fax: 206 935-6763

ECONOMIC CONSULTING SERVICES Ste. 4157, 2601 Elliot Ave. 98121-1326 206 443-9551 Fax: 206 443-2636 Economic and financial analysis for strategic planning for investment decisions in real estate; land use; economic development, infrastructure and other public facilities. Call Ben Frerichs.

(a) PINNACLE REALTY MGT. CO. Ste. 110, 401 Second Ave. S. 981804 206 215-9700 Fax: 206 215-9777

RCM CORP. Ste. 620. 600 First Ave. 98104 206 621-8224: Fax: 206 621-1310

Spokane JC INVESTMENT GROUP W. 327 8th Ave. 99204 509 747-0944: Fax: 509 747-6280

WISCONSIN

Madison D. L. EVANS CO., INC. 6409 Odana Rd. 53719 608 274-4141: Fax: 608 274-4145

CANADA

BRITISH COLUMBIA

Vancouver JACK W. CHOW REALTY LTD. 8 W. Pender St. V6B 1 R5 604 669-7777; Fax: 604 669-2222

NOVA SCOTIA

Halifax TURNER DRAKE & PTNRS. LTD. - NEW AMERICA NETWORK 6182 North St. B3K 1 P5 902 429-1811; Fax: 902 429-1891

ONTARIO

Thornhill GRENVILLE INTERNATIONAL 28 Peterborough Ave. L3T 7C3 905 731-6677

(a) Denotes Advertiser