<br />
A PENTON MEDIA<br />
PUBLICATION<br />
www.nreionline.com<br />
January/February 2012<br />
Legendary investor<br />
Sam Zell, says the<br />
era of “pretend and<br />
extend” is over.<br />
p. 16<br />
Zell Comes Clean<br />
A comprehensive look at<br />
CRE finance. p. 23<br />
Exclusive Research:<br />
Borrower Trends 2012 p. 36NATIONAL REAL ESTATE<br />
w<br />
A PENTON MEDIA<br />
PUBLICATION<br />
www.nreionline.com<br />
January/February 2012<br />
???<br />
^<br />
Legendary investor<br />
Sam Zell, says the<br />
era of "pretend and<br />
extend" is over,<br />
p. 16<br />
Zell Co<br />
*<br />
A comprehensive look at<br />
CRE finance, p. 23<br />
Exclusive Research:<br />
Borrower Trends 2012 p. 36<br />
<br />
The skill. The experience. The dedication.<br />
The art of the deal.<br />
"<br />
Rafael Lopez<br />
Chicago Title Insurance Company<br />
Title Insurance I Escrow I UCC Insurance I 1031 Exchanges<br />
Due <a title="January/February 2012 page 1" href="http://viewer.zmags.com/publication/1ea2a9e9?page=1"> A PENTON MEDIA PUBLICATION www.nreionline.com Jan</a>
<a title="January/February 2012 page 2" href="http://viewer.zmags.com/publication/1ea2a9e9?page=2"> The skill. The experience. The dedication. The a</a>
<a title="January/February 2012 page 3" href="http://viewer.zmags.com/publication/1ea2a9e9?page=3"> CCIM INSTITUTE The Gold Standard in Real Estate E</a>
<a title="January/February 2012 page 4" href="http://viewer.zmags.com/publication/1ea2a9e9?page=4"> 39 CONTENTS 42 CapiTal STaCk 23 a com</a>
<a title="January/February 2012 page 5" href="http://viewer.zmags.com/publication/1ea2a9e9?page=5"> ALL YOUR COMMERCIAL REAL ESTATE MANAGEMENT T</a>
<a title="January/February 2012 page 6" href="http://viewer.zmags.com/publication/1ea2a9e9?page=6"> nreionline.com Inflated Taxes Threaten Phoenix</a>
<a title="January/February 2012 page 7" href="http://viewer.zmags.com/publication/1ea2a9e9?page=7"> PRUDENTIAL REAL EsTATE INvEsToRs GLOBAL VISION,</a>
<a title="January/February 2012 page 8" href="http://viewer.zmags.com/publication/1ea2a9e9?page=8"> FIRST WORD Where's the Capital? C </a>
<a title="January/February 2012 page 9" href="http://viewer.zmags.com/publication/1ea2a9e9?page=9"> Leasing from us is a pleasure, too. Publix is </a>
<a title="January/February 2012 page 10" href="http://viewer.zmags.com/publication/1ea2a9e9?page=10"> Datapoints a MEtER oF INdustRy tREnDs </a>
<a title="January/February 2012 page 11" href="http://viewer.zmags.com/publication/1ea2a9e9?page=11"> MY 5,806 YEARS OF EXPERIENCE WILL MAKE YOUR EXPER</a>
<a title="January/February 2012 page 12" href="http://viewer.zmags.com/publication/1ea2a9e9?page=12"> DaTaPoinTS a METER oF INdustRy TREnDS </a>
<a title="January/February 2012 page 13" href="http://viewer.zmags.com/publication/1ea2a9e9?page=13"> SIOR The Gold Standard in Brokerage Perfor</a>
<a title="January/February 2012 page 14" href="http://viewer.zmags.com/publication/1ea2a9e9?page=14"> DEVELOPMENTS A LOOk AT PrOjEcTS AND </a>
<a title="January/February 2012 page 15" href="http://viewer.zmags.com/publication/1ea2a9e9?page=15"> officE Desperately Seeking Tenants Technology, </a>
<a title="January/February 2012 page 16" href="http://viewer.zmags.com/publication/1ea2a9e9?page=16"> retail Holding Pattern Industry pros expect stab</a>
<a title="January/February 2012 page 17" href="http://viewer.zmags.com/publication/1ea2a9e9?page=17"> Green neWS Improving Green Intelligence EDR se</a>
<a title="January/February 2012 page 18" href="http://viewer.zmags.com/publication/1ea2a9e9?page=18"> Sam Zell talks about politics, debt, internationa</a>
<a title="January/February 2012 page 19" href="http://viewer.zmags.com/publication/1ea2a9e9?page=19"> </a>
<a title="January/February 2012 page 20" href="http://viewer.zmags.com/publication/1ea2a9e9?page=20"> cover story Going forward, access to capital </a>
<a title="January/February 2012 page 21" href="http://viewer.zmags.com/publication/1ea2a9e9?page=21"> d From three properties to a $67 billion portfol</a>
<a title="January/February 2012 page 22" href="http://viewer.zmags.com/publication/1ea2a9e9?page=22"> cover story ZEll: It's strictly that we hav</a>
<a title="January/February 2012 page 23" href="http://viewer.zmags.com/publication/1ea2a9e9?page=23"> NO MATTER HOW YOU WORD IT, WE DO MULTIFAMILY LEND</a>
<a title="January/February 2012 page 24" href="http://viewer.zmags.com/publication/1ea2a9e9?page=24"> cover story </a>
<a title="January/February 2012 page 25" href="http://viewer.zmags.com/publication/1ea2a9e9?page=25"> navigating the capital stack Trends are at play t</a>
<a title="January/February 2012 page 26" href="http://viewer.zmags.com/publication/1ea2a9e9?page=26"> capital stack lIfE INsuRaNcE In the Drive</a>
<a title="January/February 2012 page 27" href="http://viewer.zmags.com/publication/1ea2a9e9?page=27"> Archstone Stoneridege Ashbur</a>
<a title="January/February 2012 page 28" href="http://viewer.zmags.com/publication/1ea2a9e9?page=28"> 6th Real Estate Private Equity Summit March 7th</a>
<a title="January/February 2012 page 29" href="http://viewer.zmags.com/publication/1ea2a9e9?page=29"> </a>
<a title="January/February 2012 page 30" href="http://viewer.zmags.com/publication/1ea2a9e9?page=30"> CApitAl StACk commercial-mortgage backed s</a>
<a title="January/February 2012 page 31" href="http://viewer.zmags.com/publication/1ea2a9e9?page=31"> TrouBLe BrewinG The five-year CMBS loans originat</a>
<a title="January/February 2012 page 32" href="http://viewer.zmags.com/publication/1ea2a9e9?page=32"> capital stack mezzanine & bridge finance </a>
<a title="January/February 2012 page 33" href="http://viewer.zmags.com/publication/1ea2a9e9?page=33"> recalls Dan Gorczycki, managing direc- tor of Sav</a>
<a title="January/February 2012 page 34" href="http://viewer.zmags.com/publication/1ea2a9e9?page=34"> capital stack Although the capital mark</a>
<a title="January/February 2012 page 35" href="http://viewer.zmags.com/publication/1ea2a9e9?page=35"> capital stack takING oN RIsk: NoBe</a>
<a title="January/February 2012 page 36" href="http://viewer.zmags.com/publication/1ea2a9e9?page=36"> capital stack ...our big focus is dont cha</a>
<a title="January/February 2012 page 37" href="http://viewer.zmags.com/publication/1ea2a9e9?page=37"> capital stack equals the average quarterly o</a>
<a title="January/February 2012 page 38" href="http://viewer.zmags.com/publication/1ea2a9e9?page=38"> excLusive research Capital Markets Recover</a>
<a title="January/February 2012 page 39" href="http://viewer.zmags.com/publication/1ea2a9e9?page=39"> exclusive research volume of commercial and</a>
<a title="January/February 2012 page 40" href="http://viewer.zmags.com/publication/1ea2a9e9?page=40"> exclusive research [fIguRE 4] Overall, 40 per</a>
<a title="January/February 2012 page 41" href="http://viewer.zmags.com/publication/1ea2a9e9?page=41"> M u lt i F a M i ly FRESh STaRT: t</a>
<a title="January/February 2012 page 42" href="http://viewer.zmags.com/publication/1ea2a9e9?page=42"> M u lt i f a M i ly Charlesview under Section</a>
<a title="January/February 2012 page 43" href="http://viewer.zmags.com/publication/1ea2a9e9?page=43"> of Harvard Square and just a block from the Charl</a>
<a title="January/February 2012 page 44" href="http://viewer.zmags.com/publication/1ea2a9e9?page=44"> city review: Washington, d.c. </a>
<a title="January/February 2012 page 45" href="http://viewer.zmags.com/publication/1ea2a9e9?page=45"> city review: waShington, d.c. as Louis </a>
<a title="January/February 2012 page 46" href="http://viewer.zmags.com/publication/1ea2a9e9?page=46"> “I CHOSE A 20% RETURN ON MY INVESTMENT.” When</a>
<a title="January/February 2012 page 47" href="http://viewer.zmags.com/publication/1ea2a9e9?page=47"> city review: washington, d.c. of federa</a>
<a title="January/February 2012 page 48" href="http://viewer.zmags.com/publication/1ea2a9e9?page=48"> THE EXPERTS m u lt i f a m i ly Signs of W</a>
<a title="January/February 2012 page 49" href="http://viewer.zmags.com/publication/1ea2a9e9?page=49"> THE EXPERTS investment saLes Reason to Wo</a>
<a title="January/February 2012 page 50" href="http://viewer.zmags.com/publication/1ea2a9e9?page=50"> Last Word REIT Hands Regional Mall Keys to Le</a>
<a title="January/February 2012 page 51" href="http://viewer.zmags.com/publication/1ea2a9e9?page=51"> FASTER FORWARD Nav</a>
<a title="January/February 2012 page 52" href="http://viewer.zmags.com/publication/1ea2a9e9?page=52"> Better Relationships deliver Better Solutions Wit</a>