| HFF | Ryan Ade Managing Director | Associate Member | B |
| H/2 Capital Partners | Imran Adeeyo Analyst | Associate Member | A |
| Campus Apartments | David Adelman CEO | Research Sponsor | E |
| Lubert-Adler Partners L.P. | Dean Adler Co-Founder/CEO | Research Sponsor | A |
| EII Capital Management | Richard Adler Senior Advisor | Sustaining Member | A |
| Abacus Capital Group | Michael Aidekman Controller | Associate Member | A |
| Amerimar Enterprises Inc. | Jake Albert Analyst | Associate Member | C |
| Hines | Michael Allen Managing Director | Guest | -- |
| T3 Advisors | Nathan Allison Principal | Guest | -- |
| Houlihan Lokey | Jeffrey Altman Managing Director | Sustaining Member | B |
| CBRE | Maureen Anastasi Senior Managing Director | Associate Member | B |
| Longview Property Group | Bill Andersen President | Sustaining Member | C |
| CBRE | Ian Anderson Director Research & Analysis | Associate Member | C |
| The Buccini/Pollin Group | Darren Anzelone Chief Investment Officer | Associate Member | C |
| Lever Energy Capital | Rebecca Arnold Vice President of Operations | Guest | -- |
| TriBridge Residential | Annie Asdal VP Investments | Guest | -- |
| The Baupost Group | Nicholas Azrack Managing Director | Sustaining Member | B |
| Park Hill Group | Jeffrey Baker Partner | Research Sponsor | C |
| Corigin Real Estate Group | Edward Baquero President | Research Sponsor | B |
| Bassen Properties | Todd Bassen Principal | Guest | -- |
| Blank Rome LLP | Samuel Becker Partner | Sustaining Member | E |
| Broome Capital | Mike Bednarski Partner | Associate Member | D |
| Colony NorthStar Inc. | David Belford Managing Director | Sustaining Member | A |
| Jaguar Growth Properties | Elizabeth Bell Principal Investments | Guest | -- |
| ASB Real Estate Investments | Robert Bellinger President & CEO | Research Sponsor | B |
| Sagic Capital | Richard Bennett Managing Partner | Guest | -- |
| The Bernstein Companies | Adam Bernstein President and CEO | Guest | -- |
| Campus Apartments | Daniel Bernstein President and Chief Investment Officer | Associate Member | B |
| PRG Real Estate | Kathleen Betz Chief Operating Officer | Associate Member | D |
| Silverstein Properties Inc. | Lisa Bevacqua Senior Vice President & Director | Associate Member | C |
| Dune Real Estate Partners | David Beznos Managing Director | Associate Member | C |
| Basis Investment Group LLC | Mark Bhasin senior vice president | Guest | -- |
| Fundamental Advisors | Jason Black Managing Director | Guest | -- |
| SL Green Realty Corp. | Jonathon Blackwell Director | Sustaining Member | B |
| iStar Inc. | Elisha Blechner Executive Vice President Head of Portfolio Management | Sustaining Member | D |
| Resource Real Estate | Chad Bonham Vice President | Associate Member | A |
| Silverstein Properties Inc. | R. Tom Boonyasai Senior Asset Manager | Associate Member | B |
| Olshan Properties | Zachary Bornstein Managing Director | Associate Member | C |
| GEM Realty Capital | Christopher Braatz Associate | Associate Member | B |
| American Land Fund | Kelley Brasfield Senior Vice President | Sustaining Member | C |
| Brause Realty Inc. | David Brause President | Research Sponsor | A |
| CenterSquare Investment Management | Todd Briddell CEO and CIO | Research Sponsor | C |
| GreenOak Real Estate | Peter Brigham Principal | Sustaining Member | B |
| American Asset Corporation | Brian Briody Executive Vice President | Associate Member | D |
| Jamestown | Matt Bronfman CEO | Associate Member | A |
| American Asset Corporation | Trey Brossy EVP Finance | Associate Member | B |
| Korman Communities | Jeffrey Brown Assistant Vice President | Associate Member | E |
| KKR | Ben Brudney Principal | Guest | -- |
| CBRE Capital Markets Inc. | Aaron Brumbaugh Senior Production Analyst | Guest | -- |
| CBRE | James Brumbaugh Vice President | Guest | -- |
| CBRE Capital Markets Inc. | Zachary Brumbaugh Vice President | Guest | -- |
| GIC Real Estate | Grace Bucchianeri Senior Vice President | Associate Member | B |
| The Buccini/Pollin Group | Christopher Buccini Owner/Managing Partner | Associate Member | -- |
| Bucksbaum Retail Properties | John Bucksbaum CEO | Research Sponsor | C |
| Foulger-Pratt | Brigg Bunker President | Guest | -- |
| Silverstein Properties Inc. | Marty Burger CEO | Research Sponsor | D |
| CenterSquare Investment Management | Chad Burkhardt Senior Vice President | Associate Member | E |
| CREA - Cypress Real Estate Advisors | John Burnham Managing Principal | Associate Member | A |
| Alex. Brown Realty Inc. | Thomas Burton Chief Investment Officer | Sustaining Member | D |
| Argosy Real Estate Partners | David Butler Managing Partner | Associate Member | E |
| Kohlberg Kravis Roberts | Julia Butler Director | Sustaining Member | E |
| UDR | H. Andrew Cantor Vice President | Associate Member | E |
| PMC Property Group | Ronald Caplan President | Guest | -- |
| Rubenstein Partners LP | Stephen Card Principal | Associate Member | B |
| Arden Group | Joseph Caruso CFO | Associate Member | D |
| Pneumatic Service | Marcelo Cassani CEO | Guest | -- |
| Tishman Speyer | Ricrado Cervantes Director | Associate Member | D |
| JBG SMITH | Edward Chaglassian Executive Vice President Investments | Associate Member | E |
| Oz Real Estate | Michael Chen Associate | Associate Member | A |
| GTIS Partners | Peter Ciganik Managing Director | Associate Member | E |
| Berkeley Point Capital | Mitch Clarfield Executive Managing Director | Research Sponsor | A |
| Eastdil Secured | Michael Cochran Managing Director | European Advisory Board | -- |
| Jadian Capital | Jarret Cohen Founder/President | Sustaining Member | A |
| Goulston & Storrs PC | Brian Cohen Director | Sustaining Member | D |
| Liberty Property Trust | Brian Cohen Vice President and Mark Officer Philadelphia | Associate Member | D |
| Rambleside Real Estate Capital | Greg Cohen President | Guest | -- |
| Argosy Real Estate Partners | Joshua Cohen Portfolio Manager | Associate Member | B |
| Liberty Property Trust | Michael Cohen Vice President Acquisitions | Associate Member | E |
| PNC Bank National Association | Andrew D. Coler Senior Vice President/Market Manager - New England | Sustaining Member | A |
| Blank Rome LLP | Pelayo Coll Shareholder | Associate Member | E |
| DJC | David Congdon Managing Director | Guest | -- |
| McCarthy Cook | Edward Cook Co-President | Research Sponsor | A |
| Toll Brothers | Frederick Cooper SVP Finance International Development and Investor Relations | Associate Member | E |
| Landmark Partners | Michelle Creed Managing Director | Sustaining Member | B |
| Croson Investment Partners | Charles Croson Managing Principal | Guest | -- |
| Harvest Equities | John Curry Partner | Sustaining Member | E |
| First American Title Insurance Company | Adam Cutler Vice President & Special Counsel | Associate Member | D |
| The Bernstein Companies | Anoop Dave Sr. VP Investments | Guest | -- |
| The Related Companies | Chase Davidson Associate | Associate Member | B |
| The Brookdale Group | Charles Davidson III Chairman/CEO | Research Sponsor | E |
| Ballard Spahr LLP | Dominic De Simone Partner | Guest | -- |
| Lifestyle Communities | Michael DeAscentis Jr. Chief Executive Officer | Guest | -- |
| RCP General Inc. | Julius DeSantis COO | Guest | -- |
| Madison International Realty | Andrew Dickerman | Guest | -- |
| Madison International Realty | Ronald Dickerman President | Sustaining Member | A |
| Oz Real Estate | Samantha DiSciullo Associate | Associate Member | C |
| Summerwood Corporation | Matthew Doelger President | Guest | -- |
| Argosy Real Estate Partners | Sara Doelger Principal | Associate Member | E |
| Lazard | Andrew Domont Director | Associate Member | A |
| Thackeray Partners | Anthony Dona Partner | Research Sponsor | E |
| Verde Capital Corp. | Dan Dougherty CFO | Associate Member | E |
| Firstrust Bank | Mark Duffy SVP | Associate Member | D |
| The Laramar Group LLC | Jeffrey Elowe President and CEO | Guest | -- |
| Jadian Capital | Jeremy Erdman Vice President | Associate Member | B |
| Spring Creek | Andrew Evans Partner | Guest | -- |
| Liberty Property Trust | Tony Ewing Vice President Leasing & Development | Associate Member | A |
| Tishman Investment Group | Zeke Faham VP | Associate Member | D |
| Criterion Real Estate Capital | Adam Falk Managing Director | Associate Member | A |
| Broome Storage | Jordan Farrales Analyst | Guest | -- |
| Zeke Capital Advisors LLC | Tom Farrell Sr. Associate | Guest | -- |
| First American Title Insurance Company | David Feldman Senior Vice President | Sustaining Member | B |
| Stiles Corporation | Rocco Ferrera Chief Investment Officer | Guest | -- |
| Kohlberg Kravis Roberts | Paul Fine Director | Associate Member | B |
| The Georgetown Company | Adam Flatto President and CEO | Research Sponsor | B |
| Kingwest & Comapny | Richard Fogler Managing Director | Sustaining Member | B |
| Realty Income | Ben Fox Senior Vice President | Guest | -- |
| Amherst Capital | Abbe Franchot Borok Managing Director | Sustaining Member | C |
| The Bernstein Companies | Joseph Galli EVP | Guest | -- |
| GIC Real Estate Inc. | Adam Gallistel Regional Head Americas Real Estate / Managing Director | Research Sponsor | A |
| Navigant Consulting | Bruce Gamble Managing Director | Research Sponsor | C |
| Patriot Equities | Geoffrey Gardner Principal & Chief Investment Officer | Guest | -- |
| Lubert-Adler Partners L.P. | Jessica Gatoff Associate | Associate Member | A |
| Verde Capital Corp. | Donald Geiger Director - Portfolio Manager | Associate Member | C |
| Greenberg Traurig | Jonathan Gelman Shareholder | Associate Member | A |
| HFF | David Giancola Managing Director | Associate Member | D |
| Cushman & Wakefield | Gideon Gil Executive Managing Director | Associate Member | E |
| JLL | Lauren Gilchrist Director of Research | Associate Member | E |
| Keystone Property Group | William Glazer CEO | Research Sponsor | B |
| The Baupost Group | Boris Glazman Principal | Associate Member | A |
| SL Green Realty Corp. | Michael Goldberg Analyst | Associate Member | C |
| ActivumSG Capital Management | Saul Goldstein CEO/Founder | Research Sponsor | A |
| PRG Real Estate | Brett Gomes Director | Associate Member | A |
| LaSalle Investment Management | Jacques Gordon Global Strategist | Research Sponsor | E |
| First American Title Insurance Company | Alan Gottlieb Vice President and Special Counsel | Associate Member | E |
| Convergent Capital Partners | Santosh Govindaraju Managing Memeber | Sustaining Member | C |
| Grasso Holdings | David Grasso CEO | Guest | -- |
| Silverstein Properties Inc. | Jeffrey Grasso Vice President | Associate Member | A |
| CenterSquare Investment Management | Mark Greco Managing Director - Private Real Estate | Associate Member | D |
| Firstrust Bank | Richard Green Chairman and Chief Executive Officer | Research Sponsor | A |
| Resource Real Estate | Michael Greiner Vice President | Associate Member | C |
| Greystar | Lance Grisham Director of Client Services | Sustaining Member | D |
| CBRE | James Groch CFO and Global Director of Corporate | Research Sponsor | C |
| Cozen O'Connor | Howard Grossman Senior Counsel | Associate Member | E |
| Korman Communities | Rob Grossman Executive Vice President | Associate Member | C |
| H/2 Capital Partners LLC | Karthik Guda AVP | Associate Member | A |
| H/2 Capital Partners | Spencer B. Haber CEO | Research Sponsor | D |
| York Capital Management | Benjamin Haefele Managing Director and Co-head of Real Estate Investments | Guest | -- |
| Amerimar Enterprises Inc. | David Hagan Vice President | Associate Member | B |
| Cushman & Wakefield | Jonathan Hageman Director | Associate Member | D |
| Blackstone | Olivia Hamlet Managing Director | Associate Member | B |
| KeyBank | Steven Hamm Vice President | Associate Member | B |
| American Asset Corporation | Charles Handy Chief Financial Officer | Associate Member | A |
| Cozen O'Connor | Daniel Hardwick Member | Associate Member | A |
| Brandywine Realty Trust | George Hasenecz Senior Vice President - Investments | Associate Member | B |
| APG Asset Management US Inc. | Steven Hason Managing Director Head Americas Real Estate & Infrastructure | Executive Committee Member | E |
| W. P. Carey | Chris Hayes Executive Director | Associate Member | B |
| Resource Real Estate | Marshall Hayes Managing Director | Associate Member | B |
| Equity Industrial Partners Corp. | Lewis Heafitz Principal | Research Sponsor | C |
| Equity Commonwealth | David Helfand CEO | Research Sponsor | D |
| Greystar | Liz Henderson Senior Associate Real Estate | Associate Member | B |
| Cushman & Wakefield Inc. | Alexander Hernandez Executive Director | Associate Member | D |
| Berkadia | Warren Higgins EVP - Production Technology | Sustaining Member | A |
| Revere Resources | Andrea Himmel Managing Director | Guest | -- |
| Norges Bank Real Estate Management | Jessica Himmel Real Estate Investment | Guest | -- |
| Jamestown LP | Olushegun Holder Senior Vice President Asset Management | Associate Member | B |
| Morgan Stanley | Catherine Hong Executive Director | European Advisory Board | -- |
| Optima Inc. | Tara Hovey President & COO | Sustaining Member | B |
| K. Hovnanian Companies | Ara Hovnanian CEO President & Chairman | Research Sponsor | D |
| Ellington Management Group | Leo Huang Sr. Portfolio Manager | Sustaining Member | C |
| Rubenstein Partners LP | Brandon Huffman Portfolio Manager Equity Investments | Associate Member | B |
| The Silverfern Group | Andrew Isikoff Managing Director | Research Sponsor | A |
| Greenberg Traurig LLP | Robert Ivanhoe Chair Global Real Estate Practice | Sustaining Member | D |
| Angelo Gordon & Co. | Matt Jackson Director | Associate Member | C |
| Corigin Real Estate Group | Juan Jacobus Development Associate | Associate Member | D |
| Catalyst Real Estate | Scott Janzen President | Guest | -- |
| Verde Capital Corp. | Owen Jones Director | Associate Member | C |
| Wheelock Street Capital | Gary Kamin Director | Associate Member | C |
| Meadow Partners | Jeffrey Kaplan Managing Partner | Research Sponsor | A |
| Tryperion Partners | Jeffrey Karsh Partner | Guest | -- |
| Cushman & Wakefield | Dave Karson Executive Managing Director | Associate Member | B |
| Colony NorthStar Inc. | Daniel Katz Managing Director | Associate Member | B |
| Silverstein Properties Inc. | Jason Kaufman Vice President | Associate Member | B |
| Cozen O'Connor | Elizabeth Kearney Member | Guest | -- |
| Lockton Companies | Christopher Keith President | Guest | -- |
| JBG Smith Properties | James Kelly Vice President | Associate Member | B |
| JLL Ports Airports and Global Infrastructure | Walter Kemmsies Economist and Chief Strategist | Associate Member | D |
| Firstrust Bank | Bob Kenney SVP | Associate Member | C |
| Post Brothers | Zak Klinvex Director of Acquisitions | Associate Member | C |
| Cushman & Wakefield | Robert Knakal Chairman - NY Investment Sales | Research Sponsor | C |
| Patriot Equities | Erik Kolar President and Chief Executive Officer | Guest | -- |
| Korman Communities | Brad Korman Co-CEO | Research Sponsor | E |
| Rockwood Capital | Richard Kramer Director | Associate Member | E |
| CenterSquare Investment Management | Norman Kranzdorf Consultant | Associate Member | E |
| CBRE | Jerome Kranzel Senior Vice President | Associate Member | D |
| The Mid-America Management Corporation | Alan Krause Chairman | Associate Member | E |
| Royal Abstract | Martin Kravet President | Research Sponsor | C |
| Cerberus Capital Management L.P. | Ronald Kravit Co-Head of North American Real Estate | Research Sponsor | A |
| BlackRock | Elizabeth Kurz Vice President | Associate Member | A |
| American Asset Corporation | Johannes La Rosee Intern | Associate Member | E |
| Wheelock Street Capital | Jeffrey Laliberte Principal | Sustaining Member | A |
| The Meridian Group | Bruce Lane Co-Founder & Managing Director | Sustaining Member | D |
| L&L Holding Company | Robert Lapidus President and CIO | Sustaining Member | E |
| Rockwood Capital | Antonio Larino Partner | Associate Member | A |
| Park Madison Partners | Nancy Lashine Managing Partner & Founder | Guest | -- |
| Lavipour & Company | David Lavipour President | Guest | -- |
| Eastdil Secured | David Lazarus Managing Director | Associate Member | D |
| KKR | Chris Lee Member | Guest | -- |
| CIM Group | James Lee Associate Vice President | Guest | -- |
| Hines | Katie Lenss Director | Guest | -- |
| JLL | Mark Levy Executive Managing Director | Sustaining Member | A |
| Wharton Equity Partners | Peter C. Lewis President | Guest | -- |
| C-III Capital Partners | Bob Lieber Executvie Managing Director | Research Sponsor | A |
| The Corcoran Group | Pamela Liebman President & CEO | Research Sponsor | A |
| Angelo Gordon & Co. | Reid Liffman Managing Director | Associate Member | D |
| American Land Fund | Peter Linneman CEO | Guest | -- |
| H/2 Capital Partners | Stuart Little Analyst | Associate Member | D |
| Inc.Plan.(USA) Inc. | Jacques Luben Managing Partner | Guest | -- |
| Global Holdings | Ephram Lustgarten SVP | Research Sponsor | C |
| Lazard | Matthew Lustig Head of Investment Banking North America; Head of Real Estate & Lodging | Research Sponsor | B |
| Angelo Gordon & Co. | Christina Lyndon Managing Director | Associate Member | E |
| Optima Inc. | Siteng Ma Associate | Associate Member | D |
| Stiles Corporation | Scott MacLaren President | Guest | -- |
| Amerimar Enterprises Inc. | Joshua Maes Chief Operating Officer | Associate Member | E |
| Korman Communities | Gabe Marabella Managing Director | Associate Member | B |
| Dune Real Estate Partners | Cornelia Marakovits CIO | Research Sponsor | E |
| Eastdil Secured | Roy March Chief Executive Officer | Research Sponsor | C |
| PGIM Real Estate | Catherine Marcus Global COO and Head of U.S. | Associate Member | E |
| Eastdil Secured | Ian Marcus Senior Advisor | European Advisory Board | -- |
| Landmark Partner | Halle Marra Analyst | Associate Member | E |
| Amerimar Realty Company | David Marshall CEO & Chairman | Sustaining Member | B |
| Amerimar Enterprises Inc. | Gerald Marshall Co-Chairman & Chief Executive Officer | Sustaining Member | B |
| Alex. Brown Realty Inc. | Jake Martin Acquisitions Officer | Associate Member | C |
| PNC Bank | Karina Martin Senior Underwriter / VP | Associate Member | C |
| Case Pomeroy | William Martin Director | Sustaining Member | E |
| Wharton Realty Group | Isaac Massry President | Research Sponsor | B |
| Argosy Real Estate Partners | Will McGinley Vice President | Associate Member | B |
| Savills Studley | Patrick McGrath CIO Head of Client Technologies | Guest | -- |
| Pantzer Properties | Alex McPherson Senior Analyst Acquisitions & Asset Management | Associate Member | D |
| Ballard Spahr LLP | Bart Mellits Esquire | Sustaining Member | B |
| Verde Capital Corp. | Maureen Menarde Managing Director and Chief Operating Officer | Associate Member | C |
| Amerimar Enterprises Inc. | Enrique Menocal Vice President | Associate Member | B |
| Mericle Commercial Real Estate Services | Katelyn Mericle Real Estate Sales & Development | Guest | -- |
| Mericle Commercial Real Estate Services | Robert Mericle President | Research Sponsor | A |
| Cross Properties | Kevin Michals Managing Partner | Sustaining Member | E |
| Freedom Mortgage | Michael Middleman EVP | Associate Member | A |
| Freedom Mortgage | Stanley Middleman CEO | Sustaining Member | B |
| Eastdil Secured | Doug Middleton Director | Associate Member | D |
| Belvedere Capital | Adam Miller Principal | Associate Member | B |
| Cerberus Capital Management L.P. | Lee Millstein President of Cerberus Global Investments LLC and Global Head of Real Estate | Associate Member | B |
| The Mid-America Managment Corporation | Mark Misencik President | Sustaining Member | B |
| Rockefeller Group | Daniel Moore CEO | Sustaining Member | E |
| KKR | Roger Morales Co-Head of Commercial Real Estate Acquisitions -Americas | Guest | -- |
| Morgan Properties | Jason Morgan SVP Acquisitions & Investment Management | Associate Member | B |
| Morgan Properties | Jonathan Morgan President Morgan Properties JV | Associate Member | A |
| Morgan Properties | Mitchell Morgan President | Research Sponsor | D |
| Madison International Realty | Max Morgenstern Portfolio and Asset Management Analyst | Associate Member | A |
| Davidson Kempner Capital Management LP | Joshua Morris Managing Member | Sustaining Member | B |
| Oxford Properties Group | Christopher Mundy SVP Investments | Sustaining Member | B |
| PGIM Real Estate | Alfonso Munk Managing Director Americas Chief Investment Officer | Research Sponsor | E |
| HFF | Chris Munley Managing Director | Associate Member | D |
| Starwood Capital Group | Anthony Murphy Associate | Associate Member | A |
| Pantzer Properties | Bonnie Murray Director of Fund Marketing & Investor Relations | Associate Member | A |
| H/2 Capital Partners | Jack Murrel Analyst | Associate Member | A |
| TPG | Bharat Nagaswami Associate | Guest | -- |
| Lubert-Adler Partners L.P. | Dan Nasser Managing Principal | Associate Member | B |
| Green Field LLC | David Neveloff Managing Director | Associate Member | A |
| Kramer Levin Naftalis & Frankel LLP | Jay Neveloff Attorney | Research Sponsor | B |
| Pantzer Properties | Alex Nikolov Senior Associate Acquisitions & Asset Management | Associate Member | B |
| Eastdil Secured | Dan O'Brien Director | Associate Member | A |
| Morgan Properties | J. Patrick O'Grady CFO | Associate Member | C |
| FREO U.S. Management LLC | Peter Oberle President | Guest | -- |
| Olshan Properties | Michael Odell Managing Director | Sustaining Member | A |
| Lubert-Adler Partners L.P. | Aviad Ohayon Vice President | Associate Member | C |
| H/2 Capital Partners | Brandon Onopa Analyst | Associate Member | C |
| C-III Capital Partners | Victoria Ornstein Vice President | Associate Member | B |
| Underrock Advisors LLC | Al Otero Consultant | Guest | -- |
| Pantzer Properties | Jason Pantzer Co-President | Associate Member | D |
| Pantzer Properties | Jordan Pantzer Co-President | Associate Member | E |
| Morgan Stanley | Christie Park Managing Director | Associate Member | D |
| Two Trees Management | Amish Patel Associate Member | Associate Member | D |
| Resource Real Estate | Mehul Patel Senior Vice President Portfolio Management | Associate Member | C |
| The Blackstone Group | Austin Pena Principal | Associate Member | C |
| Post Brothers | Matthew Pestronk President | Sustaining Member | D |
| Post Brothers | Michael Pestronk Chief Executive Officer | Associate Member | D |
| Morgan Properties | Rimas Petrulis SVP of Investment Management | Associate Member | C |
| Lubert-Adler Partners L.P. | Michael Phillips Managing Principal | Associate Member | D |
| FTI Consulting | Larry Portal Senior Managing Director Executive Compensation | Associate Member | E |
| GTIS Partners | David Pringle Vice President | Associate Member | D |
| Walton Street Capital LLC | Jeffrey Quicksilver Co-Founder & Managing Principal | Sustaining Member | E |
| Vornado Realty Trust | Mario Ramirez SVP | Associate Member | A |
| PCCP LLC | John Randall Partner | Associate Member | A |
| L&L Holding Company | Laura Rapaport Managing Director | Associate Member | B |
| TPG | Aaron Ratner Vice President | Guest | -- |
| Forest City Washington | Deborah Ratner Salzberg President | Research Sponsor | C |
| Oxford Properties Group | Rachel Reardon Associate | Executive Committee Member | C |
| Dune Real Estate Partners | Chad Redding Vice President | Associate Member | D |
| Round Hill Capital | Rob Reiskin Senior Managing Director Head of US | Sustaining Member | A |
| Verde Capital Corp. | Jake Reiter President | Sustaining Member | D |
| Korman Communities | Scott Relick President: KCI Investments | Associate Member | D |
| Oxford Properties Group | Chad Remis Vice President City Head Boston | Associate Member | D |
| Lazard | Alan Riffkin Managing Director | Sustaining Member | D |
| Houlihan Lokey | Gregory Rinsky Director | Associate Member | D |
| Resource Real Estate | Yvana Rizzo Senior Vice President Asset | Associate Member | A |
| Post Brothers | Jonathan Robinson Chief Financial Officer | Associate Member | E |
| Post Brothers | Nel Roch Director of Finance | Associate Member | D |
| HFF | Doug Rodio Senior Managing Director | Associate Member | A |
| Newmark Knight Frank | Jordan Roeschlaub Vice Chairman Co-Head / Capital Markets – Debt & Structured Finance | Associate Member | B |
| Angelo Gordon & Co. | Dana Roffman Managing Director | Associate Member | A |
| L&L MAG | Jeff Rosen Managing Director | Guest | -- |
| RCP General Inc. | Jonathan Rosen President | Research Sponsor | A |
| Rosemark Management Inc. | Charles Rosenberg Managing Partner | Guest | -- |
| Criterion Real Estate Capital | Charles Rosenzweig Managing Partner | Sustaining Member | D |
| GreenOak Real Estate | Sebastian Rossavik Associate | Guest | -- |
| -- | Molly Rouse Terlevich | Guest | -- |
| Exeter Property Group | Tilghman Rouse Associate | Guest | -- |
| Rubenstein Partners LP | David Rubenstein CEO | Sustaining Member | D |
| Candlebrook | Neil Rubler President | Research Sponsor | A |
| Angelo Gordon & Co. | Daniel Rudin Director | Associate Member | A |
| ASB Real Estate Investments | Brodie Ruland SVP | Associate Member | A |
| Lazard | Alex Russo Director | Associate Member | C |
| Convergent Capital Partners | Nik Sachdev Managing Member | Associate Member | D |
| ACTA Realty Corp. | Sam Saegh Director of Real Estate Portfolio | Sustaining Member | D |
| Rewrap | Wendy Sardinsky Principal | Guest | -- |
| PGIM Real Estate | John Sarokhan Executive Director | Associate Member | A |
| H/2 Capital Partners | Daniel Schapiro Vice President | Associate Member | A |
| Rubenstein Partners LP | Eric Schiela COO | Associate Member | C |
| The Bulfinch Companies Inc. | Eric Schlager CEO | Research Sponsor | B |
| Landmarc Real Estate | Marc Schlesinger CEO | Guest | -- |
| Post Brothers | Hayley Schneider Financial Analyst | Associate Member | E |
| TriBridge Residential | Jim Schroder Partner & CFO | Sustaining Member | C |
| Angelo Gordon & Co. | Adam Schwartz Co-Chief Investment Officer | Research Sponsor | B |
| Colony NorthStar Inc | David Schwarz Managing Director | Associate Member | D |
| Eastdil Secured | Jeffrey Scott Managing Director | Associate Member | A |
| Optima Inc. | Mark Segal Senior Vice President | Associate Member | A |
| Martin Selig Real Estate | David Selig Principal | Associate Member | A |
| Martin Selig Real Estate | Martin Selig Owner | Sustaining Member | C |
| Hersha Hospitality Trust | Neil H. Shah President & COO | Research Sponsor | C |
| The Cotswold Group | Robert Shasha President | Sustaining Member | A |
| Bellwood Partners | Amar Sheth Partner | Guest | -- |
| Davidson Kempner | Andrew Shore Investor | Associate Member | A |
| Starwood Capital Group | Jeffrey Shuster Vice President | Associate Member | E |
| Belvedere Capital | Glen Siegel Founder & Managing Partner | Sustaining Member | C |
| Cozen O'Connor | Robert Silverman Shareholder | Research Sponsor | B |
| Trusted Settlement Services LLC | Al Simmons President | Guest | -- |
| CREA - Cypress Real Estate Advisors | Dudley Simmons Managing Principal | Sustaining Member | D |
| Oz Real Estate | Eli Simon Principal | Associate Member | C |
| Katten Muchin Rosenman | Donald Siskind Counsel | Research Sponsor | C |
| Harbor Group International LLC | Jordan Slone Chairman | Guest | -- |
| Savills Studley | H. Hetherington Smith SVP and Branch Manager | Associate Member | A |
| Ravinia Capital Group | James Solomon Principal | Guest | -- |
| American Life Inc. | Greg Steinhauer President | Sustaining Member | C |
| Waramaug Hospitality | Paul Stern Principal | Guest | -- |
| Argosy Real Estate Partners | Andy Stewart Managing Partner | Sustaining Member | A |
| Stiles Corporation | Kenneth Stiles CEO | Guest | -- |
| Ashforth Hospitality Prime | Richard Stockton CEO/President | Guest | -- |
| Vornado Realty Trust | Brendan Stone Analyst | Guest | -- |
| Artemis Real Estate Partners | Michael Stratton Vice President | Associate Member | C |
| Lazard | Phillip Summers Managing Director | Associate Member | E |
| Colony NorthStar Inc. | Dareen Tangen CFO | Sustaining Member | A |
| Starwood Retail Partners | Carl Tash Chief Strategist | Research Sponsor | C |
| Greystar | Lisa Taylor Senior Managing Director | Associate Member | C |
| Private Investor | Fabio Terlevich Private Investor | Sustaining Member | B |
| Key Bank Real Estate Capital | Christophe Terlizzi Senior Vice President | Sustaining Member | C |
| McGuyer Homebuilders Inc. | Gary Tesch President | Research Sponsor | C |
| HFF | Mark Thomson Senior Managing Director | Associate Member | C |
| WP Carey | Aastha Tibrewala Analyst | Associate Member | C |
| Case Pomeroy | Paul Totilo Vice President | Guest | -- |
| Angelo Gordon & Co. | Matt Towerman Vice President | Associate Member | E |
| HFF Securities | Andrew Troisi Senior Director | Associate Member | E |
| Jaffe Tilchin | John Troncoso Investment Advisor | Guest | -- |
| Walton Street Capital | Josh Troxel Principal | Associate Member | A |
| Broome Capital | Peggy Tseung Partner | Sustaining Member | C |
| Arden Group | James Tucker Director | Associate Member | C |
| Hersha Hospitality Management | Shawn Tuli SVP of Acquisitions | Associate Member | C |
| GTIS Partners | Robert Vahradian Senior Managing Director | Sustaining Member | A |
| Global Fund Investments LLC | Doron Valero Managing Partner | Guest | -- |
| HFF L.P. | Stephen Van Leer Associate | Associate Member | E |
| Silverstein Properties Inc. | Robert Vecsler President - Residential Development and Head of Acquisitions | Associate Member | C |
| Two Trees Management | Jed Walentas CEO | Research Sponsor | C |
| Blank Rome LLP | Samuel Walker Shareholder | Associate Member | C |
| Madison International Realty | Darren Wang Associate | Associate Member | D |
| AMJ Inc. | Mike Warren Managing Member | Associate Member | A |
| Jamestown | Joshua Wechter Co-CIO | Sustaining Member | B |
| KeyBank Real Estate Capital | Steve Weeks Senior Vice President | Associate Member | E |
| Goldman Sachs & Co. | Peter Weidman Managing Director | Associate Member | A |
| Starwood Capital Group | Andrew Weil Associate | Associate Member | A |
| Belvedere Capital | Justin Weiner Partner | Associate Member | B |
| WP Realty | Bryan Weingarten CEO | Research Sponsor | C |
| H/2 Capital Partners | Eric Weiss Associate | Associate Member | C |
| Patriot Equities | Alan Werther Principal & Director of Capital Markets | Guest | -- |
| PFM Asset Management LLC | Bill Whale Research Analyst | Guest | -- |
| Bain Capital Real Estate LP | Kavindi Wickremage Principal | Executive Committee Member | E |
| Susquehanna Holdings LTD. | Christopher Wideman Partner | Associate Member | A |
| Susquehanna Holdings LTD. | Edmund Wideman President | Sustaining Member | D |
| Susquehanna Holdings LTD. | Laura Wideman Partner | Associate Member | E |
| Susquehanna Holdings LTD. | Matthew Wideman Partner | Associate Member | A |
| Cozen O'Connor | James Williams Attorney | Associate Member | C |
| Himmel + Meringoff Properties | Leslie Wohlman Himmel Partner | Sustaining Member | E |
| Savills Studley Inc. | Louis Wolfowitz Senior Managing Director Capital Markets Group | Guest | -- |
| Liberty Property Trust | Janice Wong Director Development and Leasing | Sustaining Member | B |
| Goldman Sachs & Co. | Jim Woods Associate | Associate Member | A |
| iStar Inc | Eric Wright Associate Investments | Associate Member | A |
| Longview Property Group | Fei Xue Director | Associate Member | A |
| Radnor Property Company | David J. Yeager President | Guest | -- |
| Coveredbridge Ventures | P.J. Yeatman Founder | Guest | -- |
| Hudson Advisors LP | Frederick Yee Director | Associate Member | D |
| ElmTree Funds | Joseph Yiu Managing Principal | Sustaining Member | C |
| Madison Realty Capital | Josh Zegen Managing Principal and Co-Founder | Sustaining Member | D |
| Eastdil Secured | Ken Ziebelman Managing Director | Associate Member | B |
| Invesco | Teresa Zien Commercial Real Estate Professional | Guest | -- |
| The Mid-America Managment Corporation | George Zilich CFO/General Counssel | Associate Member | C |
| Global Fund Investments LLC | Rafi Zitvar Principal | Sustaining Member | C |
| Paramount Group Inc. | David Zobel Senior Vice President | Associate Member | B |