| Clay Cove Capital | Amachie Ackah Principal | Research Sponsor | A |
| Campus Apartments, Inc. | David Adelman President and Chief Executive Officer | Research Sponsor | E |
| Lubert-Adler Management, Inc. | Dean Adler Chief Executive Officer and Co-Founder | Executive Committee | A |
| EII Capital Management | Richard Adler Senior Advisor | Member | A |
| Rentlytics | Justin Alanis Chief Executive Officer | Panelist | -- |
| Threshold Group | Ron Albahary Chief Investment Officer | Guest | -- |
| Bank United | Justin Allbright Vice President | Guest | -- |
| Hadley Real Estate | Nate Allison Chief Executive Officer | Guest | -- |
| Longview Property Group | Bill Andersen President | Member | C |
| Savills Studley | Jeffrey Baker Executive Managing Director | Member | C |
| Corigin Real Estate Group | Edward Baquero President | Guest | -- |
| Goldman Sachs | Jeff Barclay Managing Director | Member | C |
| GLP Development Company, LLC | Robert Barron Chief Executive Officer | Guest | -- |
| Blank Rome LLP | Sam Becker Attorney | Member | E |
| Aberdeen Asset Management | Elizabeth Bell Investment Manager | Member | C |
| ASB Capital Management | Robert Bellinger President and Chief Executive Officer | Executive Committee | B |
| PRG Real Estate | Steve Berger Co-Founder and Principal | Research Sponsor | B |
| Campus Apartments | Dan Bernstein Executive Vice President and Chief Investment Officer | Member | B |
| Liberty Property Trust | Kathleen Betz Financial Analyst | Guest | -- |
| Dune Real Estate Partners | David Beznos Vice President | Member | C |
| Basis Investment Group, LLC | Mark Bhasin Senior Vice President | Guest | -- |
| Pacific Coast Capital Partners | K. C. Boback Kriegel Vice President | Member | C |
| Chatham Bay Group | Ryan Boll Vice President | Member | A |
| Olshan Properties | Zach Bornstein Managing Director Capital Markets | Member | C |
| Hightower Inc. | Steve Botz Director of Business Development, NY-Tristate | Guest | -- |
| Brause Realty Inc. | David Brause President | Research Sponsor | A |
| CenterSquare Investment Management | Todd Briddell Chief Executive Officer & Chief Investment Officer | Research Sponsor | C |
| 3737 Chestnut | James Brinkerhoff Advisor | Guest | -- |
| Ulysses Management | Adam Brodbar Principal | Guest | -- |
| GIC Real Estate | Grace Bucchianeri Americas Head of Research and Strategic Planning | Guest | -- |
| Silverstein Properties Inc. | Martin Burger Chief Executive Officer | Executive Committee | D |
| CenterSquare Investment Management | Chad Burkhardt Senior Vice President | Member | E |
| Assurant, Inc. | Dale Burnett Vice President, Real Estate | Guest | -- |
| Alex. Brown Realty | Tom Burton Chief Investment Officer | Member | D |
| Argosy Real Estate | David Butler Managing Partner | Member | A |
| Rubenstein Partners | Stephen Card Director of Mid Atlantic | Member | B |
| Verde Capital | Christine Carpenter Director | Member | C |
| First American Title Insurance Company | Annemarie Caruso Business Development | Guest | -- |
| The Arden Group | Joseph Caruso Chief Financial Officer | Member | D |
| Wharton School | Sam Chandan Adjunct Associate Professor | Faculty | -- |
| BlackRock | Jack Chandler Chairman of Global Real Estate | Research Sponsor | B |
| CTC Corporation | Christopher Chee Chief Executive Officer | Executive Committee | A |
| Och Ziff Real Estate | Michael Chen Analyst | Member | A |
| Pacific Coast Capital Partners | Kevin Chin Senior Vice President | Member | B |
| Pacific Coast Capital Partners | Yon Cho Partner | Research Sponsor | D |
| Thackeray Partners | Joe Chu Partner | Member | D |
| Berkeley Point Capital | Mitch Clarfield Senior Managing Director | Executive Committee | A |
| Goulston & Storrs | Brian Cohen Director | Member | D |
| Argosy Real Estate | Joshua Cohen Portfolio Manager | Member | B |
| Liberty Property Trust | Michael Cohen Leasing Representative | Member | E |
| PNC Bank | Andy Coler Market Manager/Senior Vice President | Member | A |
| Hines | Dave Congdon Senior Managing Director | Member | E |
| Stoltz Real Estate Partners | Mike Connolly Chief Operating Officer | Member | B |
| McCarthy Cook | Ed Cook Co-President | Executive Committee | A |
| Toll Brothers, Inc. | Fred Cooper Senior Vice President | Member | E |
| Savills Studley | Jeff Cooper Executive Managing Director | Member | D |
| Siguler Guff & Company, LLC | Jim Corl Managing Director | Member | A |
| Wells Fargo Bank | Bill Cotter Executive Vice President | Member | A |
| CenterSquare Investment Management | Scott Crowe Chief Investment Strategist | Guest | -- |
| Och-Ziff Real Estate | Steve Crowe Principal | Member | D |
| Harvard Management Co. | Dan Cummings Managing Director, Head of Real Estate | Panelist | -- |
| Harvest Equities | John Curry Partner | Member | E |
| First American Title Insurance Company | Adam Cutler Vice President and Special Counsel | Member | D |
| The Brookdale Group | Chip Davidson Chairman and Chief Executive Officer | Research Sponsor | D |
| Ballard Spahr LLP | Dominic De Simone Partner | Member | A |
| Madison International Realty | Ronald Dickerman President and Chief Executive Officer | Research Sponsor | A |
| Argosy Real Estate | Sara Doelger Vice President | Member | E |
| Lazard | Andrew Domont Director | Member | A |
| Thackeray Partners | Tony Dona Founder | Research Sponsor | E |
| BlackRock | Elizabeth Drumm Portfolio Management Associate | Member | A |
| Firstrust Bank | Mark Duffy Senior Vice President | Member | D |
| Wharton School | Gilles Duranton Chairman, Department of Real Estate | Faculty | -- |
| Assurant, Inc. | Patrick Egeonu Vice President | Guest | -- |
| Tishman Speyer Properties | Anil Erdem | Member | E |
| GLP Development Company, LLC | James Erwin Vice President | Guest | -- |
| Spring Creek Investment Management, LLC | Drew Evans Investment Analyst | Guest | -- |
| First Niagara Bank | Jesse Evans Senior Associate | Member | D |
| Criterion Real Estate Capital | Adam Falk Managing Director | Member | A |
| AvalonBay Communities, Inc. | Yewande Fapohunda Development Director | Member | A |
| Resource Real Estate | Alan Feldman Chief Executive Officer | Research Sponsor | E |
| Wharton School | Fernando Ferreira Associate Professor of Real Estate | Faculty | -- |
| First Niagara Bank | Marcy Fink Managing Director, Capital Markets | Member | E |
| Rockwood Capital | Jay Fischer Associate | Member | C |
| VTS | Andrew Flint Head of Business Development | Panelist | -- |
| PRG Real Estate | Sam Foster Chief Executive Officer | Member | C |
| Berkadia | Joe Franzetti Senior Vice President | Guest | -- |
| Abacus Capital Group LLC | Ben Friedman President | Member | A |
| Promed Properties | Josh Friedman President & CEO | Guest | -- |
| Hankin Group | Jim Fuller Vice President, Director, Planning and Design | Member | B |
| Greenberg Traurig | Tom Galli Shareholder | Guest | -- |
| Navigant Consulting | Bruce Gamble Managing Director | Research Sponsor | C |
| Greenberg Traurig | Jon Gelman Attorney | Member | A |
| Cushman and Wakefield | Gideon Gil Managing Director | Member | E |
| Morgan Stanley Real Estate Investing | Michael Givner Vice President | Member | E |
| Keystone Property Group | Bill Glazer Chief Executive Officer | Research Sponsor | B |
| FG Asset Management | Ed Glickman Exec Chairman | Guest | -- |
| H/2 Capital Partners LLC | Adam Goldberg Analyst | Member | B |
| Mack Real Estate Group | Jonathan Goldberg Vice President | Member | E |
| Gazit Globe | Zvi Gordon Vice President, M&A | Guest | -- |
| Convergent Capital Partners | Santosh Govindaraju Principal | Member | C |
| Aberdeen Asset Management Inc. | Lars Graneld Senior Investment Specialist | Member | B |
| GC&P Development, LLC | Doug Grayson Principal | Guest | -- |
| CenterSquare Investment Management | Mark Greco Managing Director, Asset Management | Member | D |
| Arbor Commercial Mortgage | Brian Green Vice President, Acquisitions | Member | B |
| Firstrust Bank | Richard Green Chairman and CEO | Research Sponsor | A |
| Statebridge Company, LLC | Audrey Greenberg Chief Financial Officer | Guest | -- |
| Harvard Management Company | Lukas Gregg Senior Associate | Member | B |
| Grey Wolf | Brad Greiwe Co-Founder | Guest | -- |
| CBRE, Inc. | Jim Groch Chief Financial Officer | Research Sponsor | C |
| Cozen O'Connor | Howard Grossman Member | Member | E |
| Korman Communities | Rob Grossman Executive Vice President | Member | C |
| Zell/Lurie Real Estate Center at Wharton | Joe Gyourko Director & Professor of Real Estate and Finance | Faculty | -- |
| H/2 Capital Partners | Spencer B. Haber Chief Executive Officer | Executive Committee | D |
| Natixis Real Estate Capital | Bruce Habig Managing Director | Guest | -- |
| Alliance HSP Partners LLC | Brett Hamilton Principal | Guest | -- |
| Wharton School | Jessie Handbury Assistant Professor of Real Estate | Faculty | -- |
| The Hankin Group | Bob Hankin Chief Executive Officer | Member | E |
| Wharton School | Nina Harari Assistant Professor of Real Estate | Faculty | -- |
| Blackstone | Zachary Harding Associate | Member | A |
| Artemis Real Estate Partners | Debbie Harmon Co-Founder and Chief Executive Officer | Executive Committee | B |
| APG Asset Management US Inc. | Steve Hason Managing Director | Executive Committee | E |
| Equity Industrial Partners Corp. | Lewis Heafitz Partner | Executive Committee | C |
| Centerbridge Partners | Jacob Himmelrich Principal | Member | A |
| NorthMarq Capital | Warren Hitchcock Vice President | Guest | -- |
| Wharton School | Marja Hoek-Smit Director, International Housing Finance Training Program | Faculty | -- |
| -- | Phil Hofmann | Guest | -- |
| Jamestown LP | Shegun Holder Vice President, Asset Management | Member | E |
| Optima, Inc. | Tara Hovey President | Member | B |
| The Silverfern Group | Andy Isikoff Managing Director | Executive Committee | A |
| William Penn Foundation | Jeffrey Jackman Director of Investments | Guest | -- |
| Dechert LLP | Rick Jones Partner | Member | E |
| SFG Capital | Randi Kahn President | Member | E |
| Meadow Partners | Jeffrey Kaplan Managing Partner | Executive Committee | A |
| Almanac Realty Investors, LLC | Matt Kaplan Managing Partner | Research Sponsor | E |
| Cushman & Wakefield, Inc. | Dave Karson Executive Managing Director | Member | B |
| H/2 Capital Partners LLC | Mourad Kattan Analyst | Member | B |
| Silverstein Properties, Incorporated | Jason Kaufman Vice President, Silverstein Development Corporation | Member | B |
| Hightower Inc. | Patrick Kehoe Vice President of Commercial Operations | Guest | -- |
| Firstrust Bank | Robert Kenney SVP | Member | C |
| International Council of Shopping Centers | Mike Kercheval Chief Executive Officer Emeritus | Research Sponsor | B |
| Chambers Street Properties | Phil Kianka Executive Vice President and Chief Operating Officer | Member | D |
| Och-Ziff | Josh Kirkham Principal | Member | B |
| Post Brothers Apartments | Zak Klinvex Acquisitions Associate | Member | C |
| -- | Harry Kohn | Guest | -- |
| Cushman & Wakefield | Steve Kohn President | Member | A |
| Korman Communities | Brad Korman Co-Chief Executive Officer | Research Sponsor | E |
| CenterSquare Investment Management | Norman Kranzdorf Consultant | Member | E |
| Royal Abstract of New York, LLC | Marty Kravet President | Research Sponsor | C |
| Honest Buildings | Riggs Kubiak Chief Executive Officer | Panelist | -- |
| H/2 Capital Partners LLC | Ekansh Kumar Analyst | Member | A |
| Clay Cove Capital | Kimberly Kupka | Member | D |
| Stevens & Lee | Bob Lane Chair, Real Estate Transactions Group | Member | A |
| Prologis | Mary Lang Vice President | Member | C |
| Rockwood Capial | Antonio Larino Managing Director | Member | A |
| Paramount Group, Inc. | Dan Lauer Senior Vice President | Member | C |
| LeFrak Organization, Inc. | Richard Le Frak President | Guest | -- |
| McDowell Properties | Ken Lee Managing Director, Chief Investment Officer | Member | E |
| VTS | Alec LeFort Regional Director | Guest | -- |
| Cantor Fitzgerald | CCRE | Michael Lehrman Executive Managing Director and Co-Chief Executive | Research Sponsor | D |
| CIII Capital Partners | Bob Lieber Executive Managing Director | Executive Committee | A |
| Angelo, Gordon & Company | Reid Liffmann Managing Director | Member | D |
| Wharton School | Peter Linneman Emeritus Professor of Real Estate | Faculty | -- |
| Eastgate Realty/Global Holdings | Ephram Lustgarten Senior Vice President | Research Sponsor | C |
| Lazard | Matthew Lustig Managing Partner | Executive Committee | B |
| Angelo, Gordon & Company | Christina Lyndon Winstead Director | Member | E |
| Optima, Inc. | Siteng Ma Analyst | Member | D |
| Artemis Real Estate Partners | Andy Macalaster Acquisitions | Member | C |
| Mack Real Estate Group | Richard Mack Chief Executive Officer | Executive Committee | D |
| Firstrust Bank | Seth Mackler Executive Vice President | Member | B |
| University of Pennsylvania | Janice Madden Professor of Regional Science/Sociology | Faculty | -- |
| Wells Fargo Commercial Mortgage Banking | Thompson Maher Group Head | Member | C |
| Hankin Group, The | Michael Malloy General Counsel | Member | D |
| Compstak | Michael Mandel Co-Founder and Chief Executive Officer | Panelist | -- |
| Korman Communities | Gabe Marabella Vice President KCI Investments | Member | B |
| Dune Real Estate Partners | Cia Marakovits Chief Investment Officer | Executive Committee | E |
| Case Pomeroy | Bill Martin President | Member | E |
| Alex. Brown Realty, Inc. | Jake Martin Acquisitions Officer | Member | C |
| Clay Cove Capital | Jose Mayoral | Member | E |
| Verde Capital | Maureen Menarde Director and Chief Operating Officer | Member | C |
| Madison International Realty, LLC | Christopher Mendez Director | Member | B |
| Freedom Mortgage | Michael Middleman Vice President | Guest | -- |
| Freedom Mortgage | Stan Middleman Chief Executive Officer | Member | B |
| Och-Ziff Real Estate | Michael Mirski Analyst | Member | E |
| VTS | Tannaz Mohammadi Director | Guest | -- |
| Morgan Properties | Brittany Morgan | Member | E |
| Och-Ziff Real Estate | Jason Morgan Analyst | Member | E |
| Morgan Properties | Jonathan Morgan | Member | A |
| H/2 Capital Partners LLC | Kate Mulcahy Associate | Member | D |
| Oxford Properties Group | Chris Mundy Senior Vice President Investments | Member | B |
| Hunt Realty Investments, Inc. | Aaron Murff Vice President | Guest | -- |
| Zell/Lurie Real Estate Center at Wharton | Asuka Nakahara Associate Director | Faculty | -- |
| DHR International | Martin Nass Managing Partner, Global Real Estate Practice | Member | C |
| AvalonBay Communities, Inc. | Tim Naughton Chairman & Chief Executive Officer | Panelist | -- |
| Green Field, LLC | David Neveloff Managing Director | Member | A |
| Kramer Levin | Jay Neveloff Partner | Research Sponsor | B |
| Olshan Properties | Michael Odell Managing Director/Capital Markets | Member | A |
| GEM Realty Capital | Denise Olsen Senior Managing Director | Executive Committee | C |
| Och-Ziff Real Estate | Daniel Orichowskyj Analyst | Member | E |
| H/2 Capital Partners LLC | Jessica Overlander Associate | Member | D |
| University of Pennsylvania | Anne Papageorge Vice President | Guest | -- |
| Annaly Capital Management, Inc. | Dipakkumar Patel Director | Guest | -- |
| Resource Real Estate, Inc. | Mehul Patel Vice President | Member | C |
| Prima Capital Advisors, LLC | Nilesh Patel Managing Director | Member | E |
| Blackstone | Austin Pena Associate | Member | C |
| CarVal Investors | Bob Perry Senior Managing Director | Research Sponsor | A |
| Clay Cove Capital | Puja Peruto | Member | B |
| Post Commercial Real Estate | Matt Pestronk President | Member | D |
| Ulysses Management | Joseph Petriello Principal | Guest | -- |
| Morgan Properties | Rimas Petrulis Senior Vice President Acquisitions and Assets | Guest | -- |
| Alvarez & Marsal Real Estate Advisory Services, LLC | Jerry Pietroforte Managing Director | Member | A |
| Wells Fargo Bank, N.A. | Dave Pioch Senior Vice President/Regional Manager | Member | E |
| Blackstone | Steve Plavin Senior Managing Director | Research Sponsor | D |
| TIAA-CREF | Ron Pressman Chief Executive Officer, Institutional Financial Services | Panelist | -- |
| Firstrust Bank | Joseph Rago Senior Vice President | Member | C |
| Pacific Coast Capital Partners | John Randall Managing Director | Member | A |
| L & L Holding Company, LLC | Laura Rapaport Senior Vice President | Member | B |
| Verde Capital Corp | Jake Reiter President | Member | D |
| Cantor Real Estate LP | Michael Reiter Manager | Guest | -- |
| Korman Communities, Inc. | Scott Relick President KCI Investments | Member | D |
| Freddie Mac | Mitch Resnick Senior Vice President | Guest | -- |
| Annaly Capital Management | Robert Restrick Managing Director | Guest | -- |
| BlackRock | Sherry Rexroad Managing Director | Member | E |
| Lazard | Alan Riffkin Managing Director | Member | D |
| Ackman-Ziff Real Estate Group | David Robinov Investment Sales Director | Guest | -- |
| Post Commercial Real Estate | Jon Robinson Chief Financial Officer | Member | E |
| Wharton School | Lori Rosenkopf Vice Dean and Director, Undergraduate Division | Panelist | -- |
| H/2 Capital Partners LLC | Isadora Rothstein Associate | Member | A |
| Rubenstein Partners | David Rubenstein President & Chief Executive Officer | Member | D |
| Candlebrook Properties, LLC | Neil Rubler President | Executive Committee | A |
| International Property Services | Todd Rudnianyn Principal | Guest | -- |
| ASB Capital | Brodie Ruland Senior Vice President | Member | A |
| Lazard | Alex Russo Vice President | Member | C |
| University of Pennsylvania | Witold Rybczynski Emeritus Professor | Faculty | -- |
| Convergent Capital Partners | Nik Sachdev Principal | Member | D |
| ACTA Realty Corp. | Sam Saegh Director of Real Estate Portfolio | Member | D |
| The Bulfinch Companies | Eric Schlager Chief Executive Officer | Research Sponsor | B |
| TriBridge Residential | Jim Schroder Chief Financial Officer | Member | C |
| Angelo, Gordon & Company | Adam Schwartz Managing Director, Head of U.S. & Europe Real Estate | Executive Committee | B |
| Korman Commercial Properties, Inc. | Jerry Segal Senior Vice President | Member | D |
| Hersha Hospitality Trust | Neil Shah President and Chief Operating Officer | Research Sponsor | C |
| -- | Jordan Shasha | Guest | -- |
| Cotswold Group, Inc. | Robert Shasha President | Member | A |
| The Arden Group | Adam Sher Vice President | Member | A |
| Wharton School | Jeremy Siegel Professor of Finance | Panelist | -- |
| LeFrak Organization, Inc. | Adam Silfen Senior Vice President | Guest | -- |
| Cozen O'Connor | Bob Silverman Shareholder | Member | B |
| Argosy Real Estate | Max Silverstein Associate | Member | D |
| Wharton School | Todd Sinai Professor of Real Estate | Faculty | -- |
| Sirlin Lesser & Benson PC | Jon Sirlin | Guest | -- |
| PNC Real Estate | Andy Siwulec Executive Vice President | Member | C |
| Blackstone | JT Sizemore Associate | Member | E |
| Ballard Spahr LLP | Michael Sklaroff Partner | Member | C |
| Deutsche Bank Research | Torsten Slok Managing Director/Chief International Economist | Panelist | -- |
| Savills Studley | Hether Smith Senior Vice President/Branch Manager | Member | A |
| The Bozzuto Group | Julie Smith Partner | Guest | -- |
| The Arden Group | Craig Spencer Chief Executive Officer | Research Sponsor | C |
| Artemis Real Estate Partners | Michael Stratton Associate | Member | C |
| The Bulfinch Companies, Inc. | Tammy Tang Vice President | Acquisitions | Member | D |
| Starwood Capital Group | Carl Tash Chief Credit Officer | Executive Committee | C |
| University of Pennsylvania School of Design | Marilyn Taylor Dean of School of Design | Panelist | -- |
| Lazard | Ron Temple Managing Director | Panelist | -- |
| Managed By Q | Dan Teran Co-Founder and Chief Executive Officer | Panelist | -- |
| First Niagara Bank | Chris Terlizzi Senior Vice President | Member | C |
| McGuyer Homebuilders, Inc. | Gary Tesch President | Research Sponsor | C |
| -- | Ann Tomlinson | Guest | -- |
| Richard F. Tomlinson, LLC | Richard Tomlinson Chairman | Research Sponsor | D |
| Case, Pomeroy & Company, Inc. | Paul Totilo Vice President | Member | B |
| J.P. Morgan | Andrew Troisi Vice President | Guest | -- |
| Hudson Advisors/Lone Star Funds | Tessa Truex Vice President | Research Sponsor | E |
| Mount Kellett | Vik Uppal Managing Director | Guest | -- |
| BBR Capital | Juan Urdaneta Head of Europe | Guest | -- |
| GTIS Partners | Robert Vahradian Senior Managing Director | Member | A |
| Chambers Street Properties | Greg Vinson Senior Vice President | Member | B |
| Wharton School | Susan Wachter Professor of Real Estate and Finance | Faculty | -- |
| Grey Wolf | Brendan Fitzgerald Wallace Co-Founder | Panelist | -- |
| First Niagara Bank | Steven Weeks Vice President | Member | E |
| WP Realty, Inc. | Bryan Weingarten Chief Executive Officer | Member | C |
| Harvard Management Co. | Kavindi Wickremage Senior Vice President | Executive Committee | E |
| Susquehanna Holdings | Christopher Wideman Partner | Member | D |
| Susquehanna Holdings | Edmund Wideman President | Member | C |
| Susquehanna Holdings | Laura Wideman Partner | Member | E |
| Susquehanna Holdings | Matthew Wideman Partner | Member | B |
| Cozen O'Connor | James Williams Attorney | Member | C |
| Jamestown, LP | John Wilson Vice President | Member | C |
| Arbor Commercial Mortgage, LLC | Mike Wisniewski Senior Vice President, Human Resources | Member | D |
| Liberty Property Trust | Janice Wong Director, Development and Leasing | Guest | -- |
| Wharton School | Maisy Wong Assistant Professor of Real Estate | Faculty | -- |
| GI Partners | Michael Wong Director | Member | B |
| Longview Property Group | Fei Xue Director | Member | A |
| Radnor Property Group | Dave Yeager President | Panelist | -- |
| CenterSquare Investment Management | P. J. Yeatman Head of Private Real Estate | Member | B |
| Hudson Advisors | Frederick Yee Director | Member | D |
| ElmTree Funds | Joe Yiu Chief Investment Officer | Member | C |
| BlackRock | Ben Young Managing Director | Member | D |
| Natixis NA | Michael Zanolli Managing Director | Guest | -- |
| H/2 Capital Partners LLC | Joseph Zhong Analyst | Member | C |
| Rexford Industrial | Richard Ziman Chairman | Guest | -- |
| Paramount Group, Inc. | David Zobel Vice President | Member | B |