NYSSA Holds 11th REIT Conference.

Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 15, 2002

The New York Society of Security Analysts (NYSSA) will present its 11th Real Estate Investment Trust Industry Conference on February 12, 2002.

The slowing economy has raised investors' concerns about REITs. Corporate America's demand for real estate is declining, and tenants are negotiating better rates, demanding more leasehold improvements, and are putting a substantial number of square feet of sublease office space back into the market. In addition, many REITs are writing off the huge technology and telecommunications investments they made during the Internet boom. Nevertheless, because of these concerns, share prices of REITs are trading at levels that investors might find attractive due to long term leases, contractual rental increases, above-average yields and earnings from non-rental income.

Companies presenting include: Commercial Net Lease Realty (NNN), Highwoods Properties (HIW), Brandywine Realty Trust (BDN), LNR Property (LNR), Capital Automotive REIT (CARS), Reckson Associates Realty (RA), America First Mortgage Investments (MFA), JDN Realty (JDN), and RioCan Real Estate Investment Trust (REI.UN).

The conference will be held on February 12, 2002, 8:00 am to 5:00 pm, at the City Athletic Club, 50 West 54th Street (between 5th and 6th Avenues), New York, NY. Register by January 29: $175 NYSSA members, $225 non-members. Fees higher after January. 29. No charge for press with credentials. To view the agenda or to register, visit http://www.nyssa.org/events/.

The New York Society of Security Analysts is a not for profit, educational organization, that has been educating and informing investment decision-makers since 1937.