September 28, 2010

© 2010 Real Capital Analytics, Inc. All rights reserved. Data believed to be accurate but not guaranteed; subject to future revision; analyses based on properties & portfolios $5 million and greater.

August 2010 Month in Review

Real Capital Rewind Presenters

Robert M. White, Jr., CRE, FRICSFounder & President

Peter SlatinAssociate Publisher & Editorial Director

Moderator Presenters

Sam Chandan, PhD, FRICS Global Chief Economist & Executive Vice President

All Core Including Hotel: Offered vs Closed

Industrial: Offered vs Closed

Office: Offered vs Closed

Retail: Offered vs Closed

Hotel: Offered vs Closed

Apartment: Offered vs Closed

Hotel: Offered vs Closed

All Core Including Hotel: Offered vs Closed

All Core Including Hotel: Acquisitions by Market Tier & Property Type

Investment Activity and Pricing

Record or Near-Record Pricing for Office Acquisitions

For lists of record or near-record pricing acquisitions by sector, see “Strong Sales and Offerings Lead into Q4”

Date Property NamePrice ($M)

PPSF Location Buyer

07/10 300 North Lasalle $655.0 $503 Chicago, IL KBS REIT

06/10 Evening Star $180.0 $798 Washington, DC TIAA-CREF

08/101899 Pennsylvania Ave *

$149.9 $806 Washington, DC

Paramount Group Hamburg Trust

06/10 FBI * $42.3 $285 San Antonio, TXPRP Real Estate Investors

Spread Between 10-Year Treasury & Interest Rates

Spread Between 10-Year Treasury & Cap Rates By Sector

Spread Between 10-Year Treasury & Interest Rates

Rising Foreign Investment in US Real Estate

All Core Including Hotel: Exits From Distress

Apartment: Distress, Workout, and Resolution Activity

Office: Distress, Workout, and Resolution Activity

All Core Including Hotel: Distress, Workout, and Resolution Activity

Quarterly Mortgage Default Rates

Presenter: Robert White

Robert M. White, Jr., CRE, is the founder and president of Real Capital Analytics Inc. He is a noted authority on the real estate capital markets with credits in the Wall Street Journal, Barron’s, The Economist, Forbes, New York Times, and Financial Times, among others.

Robert M. White, Jr., CRE, FRICSFounder & President

Presenter: Dr. Sam Chandan

Dr. Sam Chandan is Global Chief Economist and Executive Vice President of Real Capital Analytics and an adjunct professor of real estate at the Wharton School of the University of Pennsylvania. In addition to his primary role as RCA’s Chief Economist, Dr. Chandan oversees RCA’s Analytics Team and is a member of the firm’s Management Committee.

Sam Chandan, PhD, FRICS Global Chief Economist & Executive Vice President

Thank you for viewing our on-demand webcast, Real Capital Rewind. Next month, both US Capital Trends and Global Capital Trends will feature a 2010 Third Quarter review.