ADVISORY/California Apartment Outlook 2003 -- The USC Lusk Center Casden Forecast.

Business Editors

ADVISORY...for Thursday (Feb. 6)

--(BUSINESS WIRE)

The USC Lusk Center for Real Estate and M/PF Research will present the USC Casden Real Estate Economics Forecast for the apartment industry on Thursday, February 6, 2003, in Los Angeles. Speakers will address apartment market trends in Southern California and nationally, and also present an outlook for the U.S. economy.

Speakers include:

-- Raphael Bostic, Ph.D., Director of the Casden Real Estate Economics Forecast at the USC Lusk Center for Real Estate

-- Laurence Meyer, Distinguished Visiting Fellow, Center for Strategic and International Studies and former Governor of the Federal Reserve Board

-- Greg Willett, Director of Research Products, M/PF Research

-- Alan Casden, Chairman and President, Casden Properties

-- Bob Dilworth, Managing Director, M/PF Research


Date:            Thursday, February 6, 2003

Program:

7:30-8:30 a.m.   Registration and breakfast
8:30-9:00 a.m.   Opening remarks
9:00-10:00 a.m.  The National Economic Outlook
10:00-10:30 a.m. The National Apartment Market Outlook
10:30-11:00      USC Casden Multifamily Housing Forecast for
                 Southern California
11:15-12:15      Transactions and Capital Markets -- What's
                 Happening in Today's Market?
12:15-1:30       Keynote Speaker Alan Casden
1:45-3:00        Property Management and Operations

Location:        The Los Angeles Downtown Marriott,
                 333 S. Figueroa St., 213/617-1133

News media may call 213/740-5000 to receive a complimentary registration. Please provide your name, title, and company.

To arrange interviews with USC's Raphael Bostic, please call Francie Murphy at 858/350-5152 or e-mail [e-mail].