Financial Services >> Sector Roundtables >> July 2, 2001

Roundtable Forum: Real Estate Investment Trusts

SAMUEL A. LIEBER is CEO/Portfolio Manager at Alpine Management & Research, LLC. Previously, he was associated with The Evergreen Funds as a Real Estate Portfolio Manager. Before that he was with Whitbred-Nolan, Inc., and with The Project for Public Spaces as a Noyes Fellow. Mr. Lieber's academic background includes Wesleyan University, New York University Graduate School of Business, and NYU Real Estate Institute. He is a member of NYSSA, NAREIT, the International Council of Shopping Centers and the Urban Land Institute. Profile
ROSS L. SMOTRICH is a Managing Director at Bear, Stearns & Co. Prior to joining Bear, Stearns & Co., Mr. Smotrich was a Vice President and Senior Equity Analyst at Merrill Lynch. Before beginning his real estate career, Mr. Smotrich worked as an Economist in the Department of International Affairs-Ministry of Finance, and in the Knesset, State of Israel. He received his BA from the University of Pennsylvania in Diplomatic History and International Economics and his MBA in Finance and Real Estate from Columbia University. Mr. Smotrich is a member of the Urban Land Institute (Multi-family Council) and NAREIT. Profile
LOUIS W. TAYLOR, Managing Director, joined Deutsche Banc Alex. Brown in November 2000 to cover the REITs sector. Prior to joining Prudential, he spent eight years as a Real Estate Acquisition Officer at several firms including AEA Capital, Security Capital and Prudential Real Estate Investors. Mr. Taylor, who is a CPA, holds an MBA from the Tuck School at Dartmouth and a BS from Boston College. Profile
LAWRENCE D. RAIMAN is a Managing Director at Credit Suisse First Boston. He was previously associated with Donaldson, Lufkin & Jenrette prior to the recent merger. Prior to that Mr. Raiman worked for PaineWebber. He received a BS in Accounting from the Pennsylvania State University and an MBA in Finance from Columbia Business School. Mr. Raiman is a Certified Public Accountant and a member of NAREIT, International Council of Shopping Centers, Urban Land Institute, and various other real estate trade organizations. Profile
DAVID SHULMAN is a Managing Director and Senior REIT Analyst at Lehman Brothers. Previously, he was associated with Salomon Brothers, as both Chief Equity Strategist and Director of Real Estate Research. He has also served as a member of Ulysses Management LLC. Dr. Shulman holds a BBA from Baruch College, and an MBA and PhD from the University of California, Los Angeles. In 1990, he was the winner of the first annual Graasliamp Award for excellence in Real Estate Research from Pension Real Estate Association. Profile
DANIEL G. PINE is a Senior Vice President at Alliance Capital Management. Previously, he was associated with Desai Capital Management. A Chartered Financial Analyst, he is a graduate of the University of Pennsylvania. Profile
TWST: Louis, were there any issues raised or trends that were discussed

at the recent NAREIT Conference that could have particular significance

for the REITs and for REIT investors?

Mr.