NAREIT Announces Annual Report Competition Award Winners

    WASHINGTON, June 7 The National Association of Real Estate
Investment Trusts(R) (NAREIT) has announced the winners of its Annual Report
Contest.

    The competition was open to all REITs and publicly traded real estate
companies who are NAREIT corporate members, with Gold, Silver and Bronze
awards bestowed in two categories:  Management Discussion & Analysis and
Presentation & Design.

    Winners were selected in three groups:  Large Cap (companies with equity
market capitalization above $1.5 billion); Mid Cap (companies ranging in size
from $600 million to $1.5 billion); and Small Cap (companies with equity
market capitalization of up to $600 million).

    This year's winners:

    Management Discussion & Analysis

    Large Cap:
          Gold:    Brookfield Properties Corporation
          Silver:  Duke-Weeks Realty Corporation
          Bronze:  Post Properties, Inc.

    Mid Cap:
          Gold:    Developers Diversified Realty Corporation
          Silver:  Regency Centers Corporation

    Small Cap:
          Gold:    Keystone Property Trust
          Silver:  Thornburg Mortgage, Inc.
          Bronze:  Capital Automotive REIT

    Presentation & Design

    Large Cap:
          Gold:    General Growth Properties, Inc.
          Silver:  Liberty Property Trust
          Bronze:  Host Marriott Corporation

    Mid Cap:
          Gold:    BRE Properties, Inc.
          Silver:  Reckson Associates Realty Corporation
          Bronze:  Developers Diversified Realty Corporation

    Small Cap:
          Gold:    The Mills Corporation
          Silver:  Capital Automotive REIT
          Bronze:  Manufactured Home Communities, Inc.

    A total of 104 REITs and publicly traded real estate companies submitted
entries.
    This year, NAREIT added a web site component to the competition.  Our
panel of judges commended five companies for their presentation of on-line
corporate information:

    Equity Office Properties Trust
    Simon Property Group
    Mack-Cali Realty Corporation
    iStar Financial Inc.
    Boston Properties, Inc.

    The winning companies were recognized during this week's NAREIT
Institutional Investor Forum in San Francisco.  They also will be featured in
Real Estate Portfolio magazine.