Federal Realty Investment Trust operates as a real estate investment trust, which engages in the ownership, management, development, and redevelopment of retail and mixed-use properties. As of June 30, 2005, it owned or had a majority interest in 103 community and neighborhood shopping centers, and retail mixed-use properties (excluding joint venture properties) comprising approximately 17.4 million square feet located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, it had 30% interest in approximately 0.5 million square feet of retail space through its joint venture with an affiliate of Clarion Lion Properties Fund, and one apartment complex in Maryland. The company has elected to be taxed as a REIT. As a REIT, it is not subject to federal income tax on taxable income that it distributes to its shareholders. The company was founded in 1962 and is headquartered in Rockville, Maryland.

Crescent Real Estate Holdings LLC, headquartered in Fort Worth, Texas, is a fully-integrated real estate company owned by Barclays Capital and Goff Capital. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 35 premier office buildings totaling over 17 million square feet located in select markets across the United States with major concentrations in Dallas, Houston, Denver and Las Vegas. Crescent also holds investments in resort residential developments in locations such as Scottsdale, Vail Valley, and Lake Tahoe; luxury hotels; and the wellness lifestyle leader, Canyon Ranch.

MI Developments Inc., a real estate operating company, engages in the acquisition, development, construction, lease, management, and ownership of industrial and commercial real estate properties. As of December 31, 2009, the company’s property portfolio comprised approximately 106 industrial and commercial properties located in Canada, the United States, Mexico, Austria, Germany, the Czech Republic, the United Kingdom, Spain, and Poland. It also owns land for industrial development. The company was founded in 1998 and is headquartered in Aurora, Canada.

Steadfast Income REIT knows the need for affordable housing is one constant in real estate. Steadfast Income REIT, Inc., operating as an umbrella partnership real estate investment trust (UPREIT), was formed to invest in multifamily residential properties with a focus on the middle-income, senior, and government-assisted housing across the US. The REIT is also open to buying industrial warehouses and other real estate. Steadfast Secure Income REIT is externally advised by Steadfast Income Advisor; both are part of the Steadfast Companies real estate group. Steadfast Income REIT went public in 2010. Steadfast Income REIT, Inc. plans to use proceeds from the stock offering to build its portfolio; it bought its first property soon after the IPO.

Founded in 1995, Impac Mortgage Holdings, Inc.’s (IMH) primary business has been its long term investment operations, investing primarily in non-conforming residential loans, and to a lesser extent, small balance commercial and multifamily loans. Until August 2007, IMH subsidiaries specialized in residential and multifamily loan origination, in addition to warehouse operations. In an effort to be pro-active and adapt to current market conditions, we have modified our business strategy to help support the needs of today’s challenging lending environment. Our business is now primarily focused on providing real estate services and asset management solutions to the mortgage industry.

THF still owns and manages the first property we built. And the second one. And virtually all the others.Because we build our centers for the long term and manage our own assets, we know quality is everything. And our quality is why our vacancy rate is one of the lowest in the country. As our tenants will attest, THF’s centers are among the best run centers in the industry. Our projects turn out the way they do not just because we dream bigger or brighter. Our developments are successful because we have built a unique organization focused on consistently delivering a signature product. How? By executing better than everyone else

Plum Creek is the largest and most geographically diverse private landowner in the nation, with approximately 7 million acres in major timber producing regions of the United States. We continually assess the value of the trees growing on our lands, the value of the natural resources (rocks, sand, minerals, oil and gas) that reside beneath the surface, and the value of the land itself. Our job, as stewards of these assets, is to maximize the value of each of them. Plum Creek Timber company produces lumber, plywood and medium density fiberboard (MDF) in our wood products manufacturing facilities in the Northwest. Plum Creek also operates a real estate development business known as Township 110 Land Company, a taxable REIT subsidiary. Plum Creek employs more than 1,250 people across 19 states.

Franklin Street Properties Corp. provides real estate and investment banking/investment services in the United States. The company’s Real Estate Operations segment involves in real estate rental operations, leasing, and secured financing of real estate for interim acquisition or other property financing, as well as provides asset management, property management, property acquisitions, dispositions, and development. As of December 31, 2008, it owned and operated a portfolio of 29 real estate properties, which include 28 office buildings and 1 industrial use property. The company’s Investment Banking/Investment Services segment involves in the structuring of real estate investments and broker/dealer services that include the organization of Sponsored real estate investment trusts (REITs), the acquisition and development of real estate on behalf of Sponsored REITs, and the raising of capital to equitize the Sponsored REITs through sale of preferred stock in private placements. This segment offers investment banking/investment services primarily to institutions and high net-worth individuals. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. Franklin Street Properties Corp. was founded in 1981 and is headquartered in Wakefield, Massachusetts.

IPC Corporation Ltd. Company Profile IPC's interests range from personal computing to property development. Through its ThinSoft subsidiary, the company sells thin computing hardware and software. Products include BeTwin, WinConnect, and WinConnect Server XP. The various applications allow allow users to share a single computer, or allow Windows based servers tp host up to 21 remote desktops sessions. In 2007 the company changed its strategic direction and began focusing its energies on its successful real estate development business.

Glimcher Realty Trust operates as a real estate investment trust (REIT) in the United States. It owns, leases, acquires, develops, and operates a portfolio of retail properties, including regional and super regional malls, as well as community shopping centers. As of December 31, 2007, the company managed and leased 27 properties, including 23 malls and 4 community centers located in the states of Ohio, West Virginia, California, Florida, North Carolina, Pennsylvania, Kansas, Kentucky, Minnesota, New Jersey, Oklahoma, Oregon, Tennessee, and Washington. Glimcher Realty Trust has elected to be taxed as a REIT and would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was founded in 1993 and is headquartered in Columbus, Ohio.

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