James Magowan

Founded in 1980, Security Research Associates, Inc. is an independent broker/dealer headquartered in San Francisco, California. The firm provides a full array of trading and execution services for their clients. They do not provide any internal research.

Johnson Capital Group, Inc. provides real estate investment banking services. Its services include debt placement and acquisition financing for permanent, construction, repositioning and also joint venture equity placement for individual assets, portfolios, entities and discretionary funds. The company was founded in 1987 and headquartered in Irvine, CA.

LNR Property Corp. develops and sells commercial & multi-family residential real estate properties. It owns and manages a portfolio of real estate properties & real estate finance investments. The firm acquires portfolios and its assets which include rental apartment communities, office buildings, industrial/warehouse facilities, retail centers, hotels, and land. The company was founded in June 1997 and is located in Miami Beach, FL.

Goldman Sachs & Co. LLC (GS&Co.) is a securities brokerage firm headquartered in New York City. Founded in 1927, the firm is a subsidiary of The Goldman Sachs Group, Inc. (NYSE: GS). GS&Co. provides services to help hedge funds manage risk, monitor portfolios, maintain liquidity and build their businesses. They offer clients access to global equity and derivatives markets, as well as foreign exchange, commodities, European Lefts, rates and credit across the Americas, Europe and Asia. The firm proactively monitors capital markets, searching for pockets of liquidity and news that may require changes to those strategies. Integration with the Goldman Sachs network gives clients access to the firm's sectored block trades and their insights into price discovery. Their electronic trading program provides clients with tools to manage their trades from pre-trade analytics to post-trade analysis.

Inland American Winston Hotels, Inc. invests finance in hotel properties, real estate and joint ventures. The company was founded on June2, 1994 and is headquartered in Raleigh, NC.

Inter-American Development Bank engages in the provision of development financing to the Latin American and the Caribbean region. Its activities include provision of loans, grants, and technical assistance; and conducts extensive research. It provides services to the central governments, provinces, municipalities, private firms, and non-governmental organizations. The company was founded in 1959 and is headquartered in Washington, DC.