Christopher Lucas

CHRISTOPHER LUCAS has been Vice President of Real Estate Research
for Ferris, Baker Watts, Inc. (FBW) since joining the firm in
2000. He was recently recognized by The Wall St. Journal as one
of the ‘Best on the Street’ for real estate and was ranked second
by StarMine/NASDAQ for his REIT stock picking for 2002. Prior to
joining FBW, Mr. Lucas was a Principal with KRA Capital
Management. From 1997-2000, Mr. Lucas was Director of REIT
Research for Pricewaterhouse Coopers LLP, where he consulted on a
variety of issues for institutional investors and public and
private real estate companies. From 1987-1997, Mr. Lucas was Vice
President and Director of Research for the National Association
of Real Estate Investment Trusts, Inc. (NAREIT), where he managed
the industry trade association’s research efforts. He is a past
member of the Board of Directors of the Real Estate Research
Institute, a non-profit organization created to stimulate high
quality research on real estate investment performance and market
fundamentals.