Executive Committee

Todd W. Mansfield
Crosland, LLC
Chairman

Dorothy L. Alpert
Deloitte
Vice Chairman

Randall Bone
Sunrise Company
Vice Chairman, Councils

Joseph E. Brown
EDAW, Inc.
Vice Chairman and Secretary

Jan A. De Kreij
Corio N.V.
Vice Chairman

Michael D. Fascitelli
Vornado Realty Trust
Vice Chairman

Leonard Forkas, Jr.
Milestone Communities, Inc.
Vice Chairman, District Councils

William A. Gilchrist, FAIA
City of Birmingham
Vice Chairman

Ian D. Hawksworth
Capital & Counties
Vice Chairman

Jeremy Newsum
Grosvenor
Vice Chairman, Policy & Practice

Stephen R. Quazzo
Transwestern Investment Company
Vice Chairman

Lynn Thurber
LaSalle Investment Management
Vice Chairman and Treasurer

Bret R. Wilkerson
Property & Portfolio Research
Vice Chairman

Marilyn J. Taylor
Skidmore, Owings & Merrill LLP
Immediate Past Chairman

Harry H. Frampton, III
President East West Partners-Western Division
Past Chairman

James D. Klingbeil
Klingbeil Capital Management
ULI Foundation Chairman

Richard M. Rosan
ULI-the Urban Land Institute
President Worldwide

ULI Board of Trustees

Douglas D. Abbey
Founder
AMB Property Corporation

Dorothy L. Alpert
U.S. Real Estate Leader
Deloitte

Joseph F. Azrack
President/Chief Executive Officer
Citigroup Property Investors

Peter E. Baccile
Vice Chairman
JPMorgan Securities Inc.

Claude M. Ballard
Westlake Corporate Park

Michael Banner
President/Chief Executive Officer
Los Angeles LDC, Inc.

Richard D. Baron
Chief Executive Officer
McCormack Baron Salazar

Bryce Blair
Chairman & Chief Executive Officer
AvalonBay Communities, Inc.

Randall Bone
President
Sunrise Company

Joseph E. Brown
Chief Executive Officer
EDAW, Inc.

John Bucksbaum
Chief Executive Officer
General Growth Properties, Inc.

Preston Butcher
Chairman and Chief Executive Officer
Legacy Partners

James H. Callard
President
Klingbeil Capital Management

Joseph C. Canizaro
President/Chief Executive Officer
Columbus Properties, L.P.

John A. Carrafiell
Managing Director Global
Co-Head of Real Estate Investing Morgan Stanley

James J. Chaffin, Jr.
Chairman
Chaffin/Light Associates

Simon H.T. Clark
Head of European Real Estate Linklaters

Alice M. Connell
Principal
AM Connell Associates, LLC

James J. Curtis, III
Principal
Bristol Group, Inc.

John C. Cushman, III
Chairman of the Board
Cushman & Wakefield

Jan A. De Kreij
Chairman
MAF Properties

Michael D. Fascitelli
President
Vornado Realty Trust

Gary W. Fenchuk
President
East West Partners of Virginia

Leonard Forkas, Jr.
President
Milestone Communities, Inc.

Harry H. Frampton, III
Managing Partner
East West Partners-Western Division

Merrie S. Frankel
Vice President/Senior Credit Officer
Real Estate Moodys Investors Service

Takeshi Fukuzawa
Executive Counsel
Mitsubishi Estate Company, Ltd.

Stephen J. Furnary
Chairman & CEO
ING Clarion

Carol J. Galante
President and Chief Executive Officer
BRIDGE Housing Corporation

William A. Gilchrist, FAIA Director, Department of Planning Engineering & Permits City of Birmingham

Eugene J. Godbold
President
Commercial Real Estate Banking Bank of America

Rosalind E. Gorin
President
H.N. Gorin, Inc.

Greenlaw Grupe, Jr.
Chairman
The Grupe Company

Joseph Gyourko
Professor of Real Estate and Finance
Zell/Lurie Real Estate Center-The Wharton School-University of Pennsylvania

Veronica W. Hackett
Managing Partner
The Clarett Group

Mossik Hacobian
Executive Director
Urban Edge

John S. Hagestad
Managing Director
Sares-Regis Group

Helen D. Hatch, FAIA
Principal, Vice President - Client Relations
Thompson, Ventulett, Stainback & Assoc., Inc.

Ian D. Hawksworth
Managing Director
Capital & Counties

Patricia R. Healy
Principal
Hyde Street Holdings, LLC

Tara Carter Hernandez
President
JCH Development

John W. Higgins
Chairman, Chief Executive Officer
Higgins Development Partners

Kenneth W. Hubbard
Associate Hines

Gregory W. Hummel
Partner
Bell, Boyd & Lloyd LLP

Wayne S. Hyatt
Chairman
Hyatt & Stubblefield, P.C.

Hiromichi Iwasa
President and CEO
Mitsui Fudosan Company Limited

Harold S. Jensen
Retired Chairman
Metropolitan Structures

David V. Johnson
Chairman
Victor International Corporation

Marty Jones
President
Corcoran Jennison Companies

John D. Kasarda
Director
The Kenan Institute of Private Enterprise

Neisen O. Kasdin
Shareholder
Akerman Senterfitt

Michael F. Kelly
Retired Managing Director
Madison Marquette Realty Services

Charles R. Kendrick, Jr.
Senior Vice President
Clarion Ventures LLC

Mary Ann King
President
Moran & Company

James D. Klingbeil
Chairman and CEO
Klingbeil Capital Management

Bernd Knobloch
CEO of the Board of Managing Directors
Eurohypo AG

Hakan Kodal
President & CEO
KREA Gayrimenkul/Real Estate

A Eugene Kohn
Chairman
Kohn Pedersen Fox

Cheong Koon Hean
Chief Executive Officer
Urban Redevelopment Authority

John Z. Kukral
President
Northwood Investors

Christopher W. Kurz
President & CEO
Linden Associates, Inc.

Robert C. Larson
Chairman
Lazard Real Estate Partners, LLC

Charles B. Leitner
Global Head
RREEF Alternative Investments RREEF Alternative Investments

C. Y. Leung
Chairman
DTZ Debenham Tie Leung Limited

Randall W. Lewis
Exec. VP, Dir. of Marketing
Lewis Operating Corp.

Robert C. Lieber
Deputy Mayor of Economic Development
City Hall

James W. Light
Chairman
Chaffin/Light Associates

Stuart Lipton
Deputy Chairman
Chelsfield Partners LLP

Vincent H.S. Lo
Chairman
Shui On Holdings Limited

Robert J. Lowe, Sr.
Chairman
Chief Executive Officer Lowe Enterprises, Inc.

Victor B. MacFarlane
Managing Principal
MacFarlane Partners

Scott D. Malkin
Chairman
S D Malkin Properties & Value Retail

Todd W. Mansfield
Chairman/CEO
Crosland, LLC

Jay Mantz
Managing
Director Morgan Stanley

George M. Marcus
Chairman
Marcus & Millichap

Paul Marcuse
Head of Global Real Estate
UBS Global Asset Management (UK) Ltd

Santiago Mercade
Chief Executive Officer
Layetana Desarrollos Inmobiliaria, S.L.

Raymond C. Mikulich
Managing Director
Ridgeline Capital Group

Minoru Mori
President, Chief Executive Officer
Mori Building Company, Ltd.

Bruce E. Mosler
President & Chief Executive Officer
Cushman & Wakefield

Stephen P. Navarro
President
The Furman Co., Inc.

Daniel M. Neidich
Co-Chief Executive Officer
Dune Capital Management, LP

Jeremy Newsum
Group Chief Executive
Grosvenor

Joseph W. O'Connor
President and Chief Executive Officer
Singleton Associates

Alexander Otto
Chief Executive Officer
ECE Projektmanagement G.m.b.H. & Co. KG

Gerald N. Parkes
Head of Real Estate Private Equity - Europe
Lehman Brothers

Patrick L. Phillips
President
Economics Research Associates

Olivier Piani
President
GE Real Estate Europe

Stephen R. Quazzo
Chief Executive Officer
Transwestern Investment Company

I. Rocke Ransen
Chairman/ CEO
Mondev International Ltd.

Wayne Ratkovich
President
The Ratkovich Company

Dale Anne Reiss
Global & Americas Director of Real Estate
Ernst & Young

Richard M. Rosan
President, Worldwide
ULI-the Urban Land Institute

Jonathan F.P. Rose
President
Jonathan Rose Companies LLC

Kenneth T. Rosen
Chairman
Fisher Center for R.E. & Urban Economics - Haas School of Business

Stephen M. Ross
Chairman/Chief Executive Officer
The Related Companies, L.P.

Stuart M. Rothenberg
Managing Director
Goldman, Sachs & Company

Randall K. Rowe
Chairman
Green Courte Partners, LLC

Mitchell E. Rudin
President, New York Tri-State Region
CB Richard Ellis, Inc.

P. Sheridan Schechner
Managing Director
Lehman Brothers Inc

Jonathan Short
Founding Partner & CEO
Internos Real Investors

Michael Spies
Senior Managing Director
Tishman Speyer

Geoffrey L. Stack
Managing Director
Sares-Regis Group

Robert S. Taubman
Chairman/President/Chief Executive Officer
The Taubman Company

Marilyn J. Taylor
Partner
Skidmore, Owings & Merrill LLP

J. Ronald Terwilliger
Chairman/Chief Executive Officer
Trammell Crow Residential

Lynn Thurber
Chairman
LaSalle Investment Management

Anthony J. Trella
President
The Meranth Company, Inc.

Marilee A. Utter
President
Citiventure Associates LLC

Daniel C. Van Epp
Owner
The Van Epp Companies

John M. Walsh, III
President
TIG Real Estate Services, Inc.

Carl Weisbrod
President
Real Estate Division Trinity Church

Bret R. Wilkerson
Chief Executive Officer
Property & Portfolio Research

Smedes York
Chairman
York Properties, Inc.

F. Karl Zavitkovsky
Economic Development Director
City of Dallas Office of Economic Development

Life Trustees

Robert E. Engstrom
James M. DeFrancia
Gerald D. Hines
Fredrick A. Kober
Walter A. Koelbel
Bowen H. "Buzz" McCoy
Henry J. Paparazzo
Stan Ross
Melvin Simon