Contents
Features
20 Cash is King
Dried-up capital markets have forced commercial real estate
to conserve
30
24 Life Goes On After 2008
Real estate stock fund managers look for opportunities created
by the pounding funds took in 2008
30 Standing Tall in the Waves
Hines REIT holds firm amidst the rocky credit terrain
8
16
Columns and Departments
4 Taking Stock
Funding Growth
6 Editor’s Desk
Cash is King
8 In the K[now]
The latest news and insights in the REIT and real estate industry
14 Four Quick Questions
With SNL Financial’s Holly Daly
16 One-on-One
With DCT Industrial Trust’s Phil Hawkins
36 Sector Spotlight
Lodging REITs in the eye of the storm
40 REIT Snapshot
DuPont Fabros Technology: a constant in a changing world
42 Capital Markets
Q&A with J.P. Morgan’s Peter Baccile
44 Quick Study
Q&A with Crocker Liu, Arizona State University
46 Names to Note
People making news and moves in the REIT and publicly
traded real estate industry
48 In Closing
The Next Cycle
40
On the cover: Digital composite; PhotoObjects.net/Jupiter Images
and Scott Hancock/Jupiter Images