K. Wah International Holdings Limited ("KWIH"; stock code: 0173), listed in Hong Kong in 1987*, is the property flagship of K. Wah Group. With a property portfolio encompassing premium residential developments, Grade-A office towers, arcades, hotels and serviced apartments, KWIH has a presence in Hong Kong, Mainland China and Southeast Asia.

Gyrodyne Company of America, Inc., a real estate investment trust (REIT), engages in the investment in and the acquisition, ownership, and management of a portfolio of properties. The company also involves in the development of industrial and residential properties. It focuses on acquiring, developing, owning, leasing, and managing medical, commercial, and industrial real estate. The company has elected to be taxed as REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1946 and is headquartered in St. James, New York.

Annaly Capital Management, Inc., a real estate investment trust, engages in the ownership, management, and financing of a portfolio of investment securities. Annaly Capital Management, Inc. invests primarily in mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, and other mortgage-backed securities representing interests in or obligations backed by pools of mortgage loans. Annaly Capital also invests in Federal Home Loan Bank, Federal Home Loan Mortgage Corporation, and Federal National Mortgage Association debentures. The company has elected to be taxed as a real estate investment trust (REIT). As a REIT, the company would not be subject to federal corporate income tax, provided it distributes at least 90% of its taxable income to its stockholders. It was formerly known as Annaly Mortgage Management, Inc. and changed its name to Annaly Capital Management, Inc. in August 2006. Annaly Capital Management was incorporated in 1996 and is based in New York City.

n the 1930s, the late Teo Teck Huat founded a building construction business. A historical landmark project is the original Cathay Cinema. Following the incorporation of the Company in 1970 under the name Teo Teck Huat Enterprises (Private) Limited, the Group continues to expand in the building construction and property development business. Subsequently, it changed its name to Teo Teck Huat Investments Pte Ltd and later to Amara Holdings Pte Ltd. Amara Holdings Limited was listed on SGX Sesdaq on 15 August 1997 and transferred to SGX Mainboard on 10 July 2000.

Daejan was incorporated as Daejan Samoedra Estates Limited on 18 September 1935 in order to acquire several plantation businesses in the far east growing rubber and coffee in the Dutch East Indies. The insurgency action in the region from 1949 which led to the independence of Indonesia resulted in a number of plantations being occupied or destroyed. The island of Java where the main plantations were located subsequently formed part of modern Indonesia. Daejan maintained its listing on the London Stock Exchange listed company but sold its remaining commodity assets and Indonesian real estate and became a dormant shell company by 1955.

Chinese Estates Group (the "Group") is one of the leading property developers in Hong Kong. The Group comprises of three companies publicly listed on the Hong Kong Stock Exchange, namely Chinese Estates Holdings Limited (Stock Code: 127), Chi Cheung Investment Company, LiChinese Estates' core businesses comprise of property investment for rental and property development for sale. The Group focuses primarily in Hong Kong, and actively increases exposures in Macau and mainland China in the recent years.

Founded in 1974, Davidson has grown hand-in-hand with the industry. We have successfully managed the emergence of various trends, new concepts and economic highs and lows, proving to be profitable in all types of markets and economic environments. We have remained the industry leader in profitability and quality; our excellence has become our hallmark. We are committed to our owners, investors and guests to deliver hospitality and create value every customer, every time.Davidson Hotel Company is one of the nation’s largest independent hotel management companies, specializing in the renovating, repositioning and rebranding of hotels and resorts. With a portfolio comprised of 46 hotels and more than 13,000 rooms, Davidson’s strength remains in providing each of its properties with the individualized service characteristic of a small company, enhanced by the breadth and depth of skill that accompanies experience.

Aviv REIT sees a healthy future in health care-related real estate. The real estate investment trust (REIT) invests in health care properties consisting primarily of skilled nursing facilities (SNFs). Aviv leases its facilities to local, regional, and national operators throughout the US. The REIT's portfolio includes more than 150 properties with some 15,000 licensed beds in 20 states. Operators include Daybreak, Cathedral Rock, and Sunbridge. Although the REIT was formed in 2008 to pursue an IPO, the company has been in the business of financing operators of SNFs for more than 25 years through predecessor entities. Aviv postponed its IPO in late 2009, to possibly be rescheduled for a later date.

Realogy Corporation, a global provider of real estate and relocation services, has a diversified business model that includes real estate franchising, brokerage, relocation and title services. Realogy’s world-renowned brands and business units include Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby’s International Realty®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy’s franchise systems have approximately 14,700 offices and 267,000 sales associates doing business in 100 countries around the world.

Arbor Realty Trust, Inc. operates as a real estate investment trust (REIT). The trust invests in real estate related bridge and mezzanine loans, preferred and direct equity, mortgage-backed securities, discounted mortgage notes, and other real estate related assets. It offers bridge financing products to borrowers who seek short term capital to be used in an acquisition of property. Arbor Realty Trust offers mezzanine loans, which are loans subordinate to a conventional first mortgage loan and senior to the borrower’s equity in a transaction. It provides financing by making preferred equity investments in entities that own real property. The trust also invests in mortgage-related securities. Arbor Realty Trust qualifies as a REIT under the Internal Revenue Code. As a REIT, the trust would not be subject to federal income tax if it distributes at least 90% of its taxable income to its shareholders. Arbor Commercial Mortgage, LLC serves as the manager and advisor to the trust. Arbor Realty Trust was formed in 2003 and is based in Uniondale, New York.

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