TOP 25 OFFICE OWNERS

The Top 25 Office Owners survey is based on data provided by participating companies. The rankings include the amount of office space owned domestically as of Dec. 31, 2004.

1. Equity Office Properties Trust
   2 N. Riverside Plaza
   Chicago, IL 60606
   Phone: (312) 466-3300
   Fax: (312) 466-3710
   www.equityoffice.com
   Richard Kincaid, President/CEO
   Marsha Williams, EVP/CFO
   Chip Owen, EVP/COO
   Total Office Portfolio: 125.7 million sq. ft.

2. Hines
   2800 Post Oak Blvd.
   Houston, TX 77056
   Phone: (713) 621-8000
   Fax: (713) 966-7886
   www.hines.com
   Gerald D. Hines, Chairman
   Jeffrey C. Hines, President
   C. Hastings Johnson, EVP/CFO
   Total Office Portfolio: 33.9 million sq. ft.

3. Trizec Properties
   10 S. Riverside Plaza, Suite 1100
   Chicago, IL 60606
   Phone: (312) 798-6000
   Fax: (312) 798-6270
   www.trz.com
   Tim Callahan, President/CEO
   Michael Colleran, EVP/CFO
   William Tresham, EVP/COO
   Total Office Portfolio: 33.8 million sq. ft.

4. Boston Properties
   111 Huntington Ave.
   Boston, MA 02199
   Phone: (617) 236-3300
   Edward H Linde, President/CEO
   Robert E. Burke, EVP/COO
   Douglas T. Linde, EVP/CFO
   Total Office Portfolio: 32.2 million sq. ft.

5. Crescent Real Estate Equities Co.
   777 Main St., Suite 2100
   Ft. Worth, TX 76102
   Phone: (817) 321-2100
   Fax: (817) 321-2060
   www.crescent.com
   John C. Goff, Vice Chairman/CEO
   Dennis H. Alberts, President/COO
   Total Office Portfolio: 31.6 million sq. ft.

6. Vornado Realty Trust
   888 7th Ave.
   New York, NY 10019
   Phone: (212) 894-7000
   Fax: (212) 894-7070
   www.vno.com
   Steven Roth, Chairman/CEO
   Mike Fascitelli, President
   Joseph Macnow, EVP, Finance & Administration/CFO
   Total Office Portfolio: 30.1 million sq. ft.

7. Wells Real Estate Funds
   6200 The Corners Pkwy.
   Norcross, GA 30092
   Phone: (800) 448-1010
   Fax: (770) 243-8199
   www.wellsref.com
   Leo F. Wells III, President/Chairman of the Board
   Donald A. Miller, CFA, Chief Real Estate Officer
   Robert E. Bowers, CFO
   Total Office Portfolio: 29.8 million sq. ft.

8. Mack-Cali Realty Corp.
   11 Commerce Dr.
   Cranford, NJ 07016
   Phone: (908) 272-8000
   Fax: (908) 272-6755
   www.mack-cali.com
   Mitchell E. Hersh, President/CEO
   Barry Lefkowitz, EVP/CFO
   Roger Thomas, EVP/General Counsel
   Total Office Portfolio: 29.5 million sq. ft.

9. Duke Realty Corp.
   600 E. 96th St., Suite 100
   Indianapolis, IN 46240
   Phone: (317) 808-6000
   Fax: (317) 808-6794
   www.dukerealty.com
   Dennis D. Oklak, Chairman/CEO
   Matthew A. Cohoat, EVP/CFO
   Robert M. Chapman, SEVP/Head of Real Estate Operations
   Total Office Portfolio: 29 million sq. ft.

10. CarrAmerica
    1850 K St. N.W., Suite 500
    Washington, DC 20006
    Phone: (202) 729-1700
    Fax: (202) 729-1080
    www.carramerica.com
    Thomas A. Carr, Chairman/CEO
    Philip L. Hawkins, President/COO
    Stephen E. Riffee, CFO
    Total Office Portfolio: 26.3 million sq. ft.

11. Brookfield Properties Corp.
    Three World Financial Center
    New York, NY 10281-1021
    Phone: (212) 417-7000
    www.brookfieldproperties.com
    Ric Clark, President/CEO
    Dennis Friedrich, President/COO, US
    Commercial Operations
    Craig Laurie, SVP/CFO
    Total Office Portfolio: 25 million sq. ft.

12. Highwoods Properties
    3100 Smoketree Court
    Raleigh, NC 27604
    Phone: (919) 872-4924
    Fax: (919) 873-0088
    www.highwoods.com
    Ed Fritsch, CEO/President
    Mike Harris, EVP/COO
    Terry Stevens, VP/CFO
    Total Office Portfolio: 24.6 million sq. ft.

13. ING Clarion Partners
    230 Park Ave.
    New York, NY 10169
    Phone: (212) 883-2500
    Fax: (212) 883-2700
    www.ingclarion.com
    Stephen J. Furnary, Chairman/CEO
    Jeffrey Barclay, Managing Director/Head of Acquisitions
    C. Stephen Cordes, Managing Director/Head of Portfolio Management
    Total Office Portfolio: 24.1 million sq. ft.

14. RREEF
    101 California St., 26th Floor
    San Francisco, CA 94111
    Phone: (415) 781-3300
    Fax: (415) 392-4648
    www.rreef.com
    Stephen M. Steppe, Managing Partner
    Timothy K. Gonzalez, Partner in Charge, Acquisitions
    Sol A. Raso, Partner in Charge, Client Relations
    Total Office Portfolio: 20.5 million sq. ft.

15. CB Richard Ellis Investors LLC
    865 S. Figueroa St., Suite 3500
    Los Angeles, CA 90017
    Phone: (213) 683-4200
    Fax: (213) 683-4301
    Robert Zerbst, President
    William Harris, COO
    Vance Maddocks, Executive Managing Director
    Total Office Portfolio: 20.1 million sq. ft.

16. LaSalle Investment Management Inc.
    200 E. Randolph Dr.
    Chicago, IL 60601
    Phone: (312) 782-5800
    Fax: (312) 782-4339
    www.lasalle.com
    Lynn C. Thurber, CEO
    Kimball C. Woodrow, COO
    Jacques N. Gordon, PhD, Head of Global Research & Strategy
    Total Office Portfolio: 19.8 million sq. ft.

17. Liberty Property Trust
    500 Chesterfield Pkwy.
    Malvern, PA 19355
    Phone: (610) 648-1700
    Fax: (610) 644-4129
    www.libertyproperty.com
    William P. Hankowsky, CEO
    George J. Alburger, CFO
    Robert E. Fenza, COO
    Total Office Portfolio: 19.5 million sq. ft.

18. Arden Realty Inc.
    11601 Wilshire Blvd., 4th Floor
    Los Angeles, CA 90025
    Phone: (310) 966-2600
    Fax: (310) 966-2699
    www.ardenrealty.com
    Richard S. Ziman, Chairman/CEO
    Victor C. Coleman, President/COO
    Richard S. Davis, EVP/CFO
    Total Office Portfolio: 18.9 million sq. ft.

19. Brandywine Realty Trust
    401 Plymouth Rd., Suite 500
    Plymouth Meeting, PA 19462
    Phone: (610) 325-5600
    Fax: (610) 325-5622
    www.brandywinerealty.com
    Gerard H. Sweeney, President/CEO
    Christopher Marr, SVP/CFO
    Brad Molotsky, SVP/General Counsel
    Total Office Portfolio: 17.7 million sq. ft.

20. SL Green Realty Corp.
    420 Lexington Ave.
    New York, NY 10170
    Phone: (212) 594-2700
    Fax: (212) 216-1785
    www.slgreen.com
    Stephen L. Green, Chairman of the Board
    Marc Holliday, CEO/President
    Gregory F. Hughes, CFO
    Total Office Portfolio: 17 million sq. ft.

21. Lincoln Property Co.
    500 N. Akard, Suite 3300
    Dallas, TX 75201
    Phone: (214) 740-3300
    Fax: (214) 740-3441
    www.lincolnproperty.com
    Mack Pogue, Chairman
    Tim Byrne, President/CEO, Residential Division
    Bill Duvall, President/CEO, Commercial Division
    Total Office Portfolio: 16.6 million sq. ft.

22. The Gale Co.
    100 Campus Dr., Suite 200
    Florham Park, NJ 07932
    Phone: (973) 301-9500
    Fax: (973) 245-3612
    www.TheGaleCompany.com
    Stan Gale, Chairman/CEO
    Mark Yeager, President/CIO
    Total Office Portfolio: 15 million sq. ft.

23. Shorenstein Co. LLC
    555 California St., 49th Floor
    San Francisco, CA 94556
    Phone: (415) 772-7000
    Fax: (415) 772-7191
    www.shorenstein.com
    Douglas W. Shorenstein, Chairman/CEO
    Glenn A. Shannon, President
    Richard A. Chicotel, Managing Director/CFO
    Total Office Portfolio: 13.9 million sq. ft.

24. USAA Real Estate Co.
    9830 Colonnade Blvd., Suite 600
    San Antonio, TX 78230
    Phone: (210) 498-3222
    Fax: (210) 498-3259
    www.usaarealco.com
    Edward B. Kelley, President/CEO
    T. Patrick Duncan, SVP, Real Estate Operations
    Glen Sam Mitts, SVP/Senior Financial Officer
    Total Office Portfolio: 12.8 million sq. ft.

25. The Alter Group
    5500 W. Howard St.
    Skokie, IL 60077
    Phone: (800) 637-4842
    Fax: (847) 676-4325
    www.altergroup.com
    William A. Alter, Chairman/CEO
    Michael J. Alter, President
    Richard M. Gatto, EVP
    Total Office Portfolio: 12.6 million sq. ft.