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<DIV><FONT face=Arial><FONT size=2><SPAN
class=689441113-25042003> </SPAN></FONT><FONT size=2><IMG
alt="MITCenter for Real Estate" hspace=0 src="cid:689441113@25042003-14ee"
align=baseline border=0></FONT></FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><SPAN class=689441113-25042003><FONT
face=Arial>Greetings!</FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial>The Center for Real Estate
has been the hub of an incredible amount of activity. See for
yourself:</FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2><STRONG></STRONG></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial><STRONG>NEW CHAIRPERSON
SEARCH UNDERWAY</STRONG></FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><STRONG><FONT
face=Arial></FONT></STRONG></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><STRONG><FONT face=Arial
size=2></FONT></STRONG></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2><STRONG></STRONG></FONT></SPAN></DIV><SPAN class=689441113-25042003><FONT
size=2>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=Arial><SPAN
style="FONT-SIZE: 11pt">The MIT Center for Real Estate (CRE) is seeking to fill
a full-time senior position to serve as the Thomas G. Eastman Chair.<SPAN
class=689441113-25042003> This position has three areas of
responsibility: industry interface, education, and research. In each
area, the Chair holder must work closely and synergistically with CRE's
academic director to co-lead the Center, including helping to shape strategic
and tactical policy. The Chair will have primary responsibility for the
Center's relations with the real estate industry, including alumni and member
cultivation, with a priority responsibility for
fundraising. Applications should be sent to the Center for Real
Estate.</SPAN></SPAN></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="FONT-SIZE: 11pt; FONT-FAMILY: Times; mso-fareast-font-family: Times; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><SPAN
class=689441113-25042003><FONT face=Arial></FONT></SPAN></SPAN> </P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="FONT-SIZE: 11pt; FONT-FAMILY: Times; mso-fareast-font-family: Times; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><SPAN
class=689441113-25042003><FONT face=Arial></FONT></SPAN></SPAN> </P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="FONT-SIZE: 11pt; FONT-FAMILY: Times; mso-fareast-font-family: Times; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><SPAN
class=689441113-25042003><STRONG><FONT face=Arial size=3>CENTER RESEARCH
ACTIVITIES</FONT></STRONG></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="FONT-SIZE: 11pt; FONT-FAMILY: Times; mso-fareast-font-family: Times; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><SPAN
class=689441113-25042003><STRONG><FONT
face=Arial></FONT></STRONG></SPAN></SPAN> </P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"></FONT><SPAN
style="FONT-SIZE: 11pt; FONT-FAMILY: Times; mso-fareast-font-family: Times; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><SPAN
class=689441113-25042003><FONT face=Arial size=3>Reports on the wide array of
academic investigations currently underway at the Center will be
forthcoming. Projects include work related to the office design of
the future, a housing affordability initiative, and the development of a
"Real Estate Investment Research Laboratory" . In addition, we are
considering developing a project with the Center for Transportation and
Logistics relating to logistics and industrial REITs.
</FONT></SPAN></SPAN></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT
face=Arial></FONT> </P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=Arial size=2><SPAN
class=689441113-25042003><STRONG></STRONG></SPAN></FONT> </P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=Arial><SPAN
class=689441113-25042003><STRONG></STRONG></SPAN></FONT> </P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=Arial><SPAN
class=689441113-25042003><STRONG>CALL FOR THESIS TOPICS (</STRONG><A
href="http://web.mit.edu/cre/PDF/Memberthesisltr2003.pdf" eudora="autourl"><FONT
face="Times New Roman">http://web.mit.edu/cre/PDF/Memberthesisltr2003.pdf</FONT></A><STRONG>)</STRONG></SPAN></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=Arial><SPAN
class=689441113-25042003><STRONG></STRONG></SPAN></FONT> </P><FONT
size=2><SPAN class=689441113-25042003>
<DIV><FONT face=Arial><FONT size=3><SPAN class=689441113-25042003>We are in the
process of soliciting thesis ideas. If you have one, take a look at the
requirements outlined on the Center's web page (<A
href="http://web.mit.edu/cre/PDF/Memberthesisltr2003.pdf" eudora="autourl"><FONT
face="Times New Roman">http://web.mit.edu/cre/PDF/Memberthesisltr2003.pdf</FONT></A><FONT
color=#000000>)</FONT> and direct your proposal to Maria Vieira.</SPAN>
</FONT></FONT></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><FONT face=Arial></FONT> </DIV></SPAN></FONT>
<DIV><SPAN class=689441113-25042003><FONT
face=Arial><STRONG></STRONG></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial><STRONG>ALUMNI/AE
INITIATIVES</STRONG></FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><STRONG><FONT face=Arial
size=2></FONT></STRONG></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial><FONT
size=2><STRONG><EM>Alumni/ae Survey</EM></STRONG>. On November 17, 2003,
David Geltner sent all of the alums a survey. Here is the
link: </FONT></FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV align=center><SPAN class=689441113-25042003><FONT face=Arial
size=2> </FONT><A
href="http://amps-tools.mit.edu/qtools/Q?qsetid=497683553&rid=200"
eudora="autourl"><FONT face=Arial
size=2>http://amps-tools.mit.edu/qtools/Q?qsetid=497683553&rid=200</FONT></A><FONT
face=Arial size=2>. </FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><STRONG><U><FONT face=Arial color=#ff0000
size=2>Please note, if you did not get this link, please contact
Rosrin at </FONT></U></STRONG><A href="mailto:rosrin@mit.edu"><STRONG><FONT
face=Arial color=#ff0000 size=2>rosrin@mit.edu</FONT></STRONG></A><FONT
face=Arial><FONT size=2><STRONG><U><FONT color=#ff0000> so that you can be added
to the invitation list</FONT></U></STRONG>. <EM>You will not be able
to access or complete the survey if you are not on the
list</EM>. </FONT></FONT></SPAN><SPAN class=689441113-25042003><FONT
face=Arial size=2>We need your responses by December 5th, so that we can use
them in subsequent phases of our planning process. Once compiled, we will
share the results of the survey with all alumni/ae. </FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial><FONT
size=2><STRONG><EM>Alumni/ae Forum</EM></STRONG>. We are in the planning
stages of a web-based, interactive alumni/ae forum and want to hear from
you. Please let us know what three (3) topics you think would be
crucial to the success of an alumni/ae forum. Send your ideas to <U><FONT
color=#0000ff>mit-cre</FONT></U></FONT></FONT><A
href="mailto:mit-cre@mit.edu"><FONT face=Arial size=2>@mit.edu</FONT></A><FONT
face=Arial color=#0000ff size=2><U>.</U></FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial><FONT
size=2><STRONG><EM>Alumni/ae Calendar</EM></STRONG>. AACRE events are
going to be included on the Center's calendar: (</FONT></FONT><A
href="http://web.mit.edu/cre/events.html"><FONT face=Arial
size=2>http://web.mit.edu/cre/events.html</FONT></A><FONT face=Arial
size=2>)</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV>
<DIV><FONT face=Arial><STRONG><SPAN class=689441113-25042003>MIAMI PROGRAM "Boom
or Bust" </SPAN> </STRONG>(</FONT><A
href="http://web.mit.edu/cre/events.html#openhouse"><FONT
face=Arial>http://web.mit.edu/cre/events.html#openhouse</FONT></A><FONT
face=Arial>)</FONT></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><FONT face=Arial><FONT size=2><SPAN class=689441113-25042003>Local Miami
alums </SPAN><SPAN class=689441113-25042003>and the </SPAN>Center <SPAN
class=689441113-25042003>are </SPAN>ho<SPAN class=689441113-25042003>sting a
program entitled "Boom or Bust: The Future of Real Estate Investing".
Speakers include Bill Wheaton, Lorenz Reibling (Taurus Investments), and
Neisen Kasdin (ULI). Complementing the presentation will be
an </SPAN>information session<SPAN class=689441113-25042003> targeted to
prospective applicants. </SPAN><SPAN class=689441113-25042003>
</SPAN><STRONG><U>We invite all<SPAN class=689441113-25042003>
area</SPAN> alumni<SPAN class=689441113-25042003>/ae to</SPAN> <SPAN
class=689441113-25042003>attend the session</SPAN> and to encourage
potential applicants to come as well. Details are
below:</U></STRONG></FONT></FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<DIV><FONT face=Arial color=#0000ff size=2><SPAN
class=689441113-25042003><STRONG>MIAMI PROGRAM: Boom or Bust: The
Future of Real Estate Investing</STRONG></SPAN></FONT></DIV>
<DIV><FONT size=2><FONT face=Arial><FONT color=#0000ff><SPAN
class=689441113-25042003>Thursday</SPAN>, December 4, 2003 -
6-8pm<BR></FONT>The Bankers Club<BR>One Biscayne Tower, 14th
Floor<BR>Miami<SPAN class=689441113-25042003>,
FL</SPAN></FONT></FONT></DIV></BLOCKQUOTE></BLOCKQUOTE>
<DIV><SPAN class=689441113-25042003><FONT size=2><FONT face=Arial><SPAN
class=689441113-25042003></SPAN><SPAN class=689441113-25042003></SPAN><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><STRONG></STRONG></SPAN> </DIV></SPAN></SPAN></FONT></FONT></SPAN></DIV>
<DIV><FONT face=Arial><BR></FONT></DIV></SPAN><SPAN
class=689441113-25042003><FONT size=2></FONT></SPAN>
<DIV><SPAN class=689441113-25042003><FONT face=Arial><STRONG>LEADERSHIP AND
ACQUISITIONS</STRONG></FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><STRONG><FONT face=Arial
size=2></FONT></STRONG></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial size=2></FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT size=2><FONT face=Arial>"Leadership"
and "Acquisitions" are two of the topics addressed at the Center for Real Estate
over the last month. As a part of the Back-to-School Day activities,
Gloria Schuck outlined some of the new research on leadership. To learn
more about effective leadership, click on the following link: </FONT><A
href="http://web.mit.edu/cre/events.html"><FONT
face=Arial>http://web.mit.edu/cre/events.html</FONT></A></FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT size=2><FONT face=Arial>M. Wistar Wood
and Kevin McCall offered two very different, yet highly successful perspectives
on acquisitions. Wistar is Vice President of Acquisitions with Beacon
Capital and Kevin is the President and CEO of Paradigm Properties. On
October 24th they spoke to the current class and area real estate students about
the acquisitions business. A summary of their discussion is provided on
the Center's web site: </FONT><A href="http://web.mit.edu/cre/news.html"><FONT
face=Arial>http://web.mit.edu/cre/news.html</FONT></A></FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003>
<DIV><FONT face=Arial size=2><STRONG><SPAN
class=689441113-25042003></SPAN></STRONG></FONT> </DIV></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003>
<DIV><FONT face=Arial><STRONG><SPAN class=689441113-25042003>MIT/CRE OPEN
HOUSE </SPAN> </STRONG>(</FONT><A
href="http://web.mit.edu/cre/events.html#openhouse"><FONT
face=Arial>http://web.mit.edu/cre/events.html#openhouse</FONT></A><FONT
face=Arial>)</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><SPAN class=689441113-25042003><FONT size=2><FONT face=Arial>On October 27,
the Center for Real Estate held its annual Open House. The event featured
an alumni panel discussion, a presentation by David Geltner, Director of the
Center, and a vigorous question and answer period. Read more about the
Open House on the Center's web site: </FONT><A
href="http://web.mit.edu/cre/events.html#openhouse"><FONT face=Arial
size=2>http://web.mit.edu/cre/events.html#openhouse</FONT></A></FONT></SPAN></DIV></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><FONT face=Arial size=2><STRONG><SPAN
class=689441113-25042003></SPAN></STRONG></FONT> </DIV><SPAN
class=689441113-25042003><FONT size=2><SPAN class=689441113-25042003><SPAN
class=689441113-25042003>
<DIV>
<DIV dir=ltr>
<DIV><SPAN class=689441113-25042003>
<DIV><SPAN class=689441113-25042003><STRONG><FONT face=Arial size=3>SAVE THE
DATES</FONT></STRONG></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><STRONG><FONT face=Arial
size=3></FONT></STRONG></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><STRONG><FONT face=Arial><EM>April 26
-27, 2004. </EM></FONT></STRONG></SPAN><SPAN
class=689441113-25042003><FONT face=Arial>The Center for Real Estate has joined
forces with the Boston Council of the Urban Land Institute to put together
a program on the fate of tourism and the convention center business. An
alumni/ae and member reception will be held at the Hynes Convention Center on
Monday, April 26th and the program will be held the morning of Tuesday, April
27th. Details will be presented in future e-newsletters and posted on the
Center's web page.</FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial><STRONG><EM>May 25,
2004.</EM></STRONG> A webcast of student thesis proposals is planned for
Tuesday, May 25, 2004. Students will present their thesis ideas for
feedback from the alumni/ae and member communities.</FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial></FONT></SPAN><SPAN
class=689441113-25042003><FONT
face=Arial></FONT></SPAN></SPAN> </DIV></DIV>
<DIV><SPAN class=689441113-25042003><STRONG><FONT
face=Arial><EM>October 1-3, 2004. </EM></FONT></STRONG></SPAN><SPAN
class=689441113-25042003><FONT face=Arial>Next year Alumni Reunion weekend will
be October 1st through October 3rd. Mark your calendars now and make plans
to visit the Center! We are also targeting this period for a signature
event related to the Center for Real Estate's 20th
Anniversary.</FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN> </DIV></SPAN></SPAN></DIV>
<DIV dir=ltr><SPAN class=689441113-25042003><SPAN class=689441113-25042003>
<DIV><SPAN class=689441113-25042003><STRONG><FONT
face=Arial></FONT></STRONG></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><STRONG><FONT face=Arial size=3>A LIFE
WELL-LIVED, JAMES FOREST, CRE 1987 (1950 -
2003)</FONT></STRONG></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><STRONG><FONT face=Arial
size=3></FONT></STRONG></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial>On November 12th, the Class
of 1987 lost one of its own, James Forest. Memorial gifts may be
made to the Laudholm Trust, P.O.<BR>Box 1007, Wells, ME 04090. We extend
our deepest sympathies to Jim's family.</FONT></SPAN></DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=689441113-25042003><FONT face=Arial></FONT></SPAN> </DIV>
<DIV></SPAN></SPAN><SPAN class=689441113-25042003><SPAN
class=689441113-25042003><SPAN class=689441113-25042003><STRONG><FONT
face=Arial>Reminders and Notices </FONT></STRONG></DIV></DIV>
<UL>
<LI><SPAN class=689441113-25042003><FONT face=Arial><STRONG>State of the
Center</STRONG>. If you did not receive a copy of David Geltner's
<EM>State of the Center</EM> report and would like one, contact Rosrin (<A
href="mailto:rosrin@mit.edu">rosrin@mit.edu</A>, 617-253-8311).</FONT></SPAN>
<LI><SPAN class=689441113-25042003><STRONG><FONT face=Arial>Class of 2003
Theses (</FONT></STRONG><A
href="http://web.mit.edu/cre/thesis.html"><STRONG><FONT
face=Arial>http://web.mit.edu/cre/thesis.html</FONT></STRONG></A><FONT
face=Arial><STRONG>).</STRONG> Thesis titles are on line. Take a
look! There may be some topics that could be of use to you. For a
copy of a thesis, contact Stephanie Bright at </FONT><A
href="mailto:sbright@mit.edu"><FONT face=Arial>sbright@mit.edu</FONT></A><FONT
face=Arial>.</FONT></SPAN><FONT face=Arial> </FONT></LI><FONT face=Arial>
<LI><FONT face=Arial><STRONG>Alumni Directory.</STRONG> The Center
will be updating the Alumni Directory so remember to send your updates<SPAN
class=689441113-25042003> to</SPAN> Stephanie Bright at </FONT><A
href="mailto:sbright@mit.edu"><FONT face=Arial>sbright@mit.edu</FONT></A><FONT
face=Arial> or 617-253-8308<SPAN class=689441113-25042003> or update your
contact information with the MIT Alumni Association (<A
href="http://alum.mit.edu/">http://alum.mit.edu/</A>)</SPAN>. </FONT></LI>
<LI><FONT face=Arial><STRONG><FONT color=#ff00ff><SPAN
class=689441113-25042003>NEW!!! </SPAN></FONT><FONT color=#000000>Class of
200<SPAN class=689441113-25042003>4</SPAN> Resume Book</FONT></STRONG>
(</FONT><A href="http://web.mit.edu/cre/resumehome.html"><FONT
face=Arial>http://web.mit.edu/cre/resumehome.html</FONT></A><FONT
face=Arial>). The <SPAN class=689441113-25042003> Class of 2004
resume book joins the </SPAN>Class of 2003 resume book on line. Take a
look<SPAN class=689441113-25042003>; you will be impressed</SPAN><SPAN
class=689441113-25042003>!</SPAN></FONT></LI></FONT>
<LI><STRONG><FONT face=Arial>Job Listings (</FONT></STRONG><A
href="http://web.mit.edu/cre/jobhome.html"><STRONG><FONT
face=Arial>http://web.mit.edu/cre/jobhome.html</FONT></STRONG></A><FONT
face=Arial><STRONG>).</STRONG> Have a job <SPAN
class=689441113-25042003>you want to fill or seeking a new
opportunity</SPAN>? We have the right person<SPAN
class=689441113-25042003> and the right job</SPAN>!
Send your job listings<SPAN class=689441113-25042003> to <A
href="mailto:marionoc@mit.edu">marionoc@mit.edu</A></SPAN> and I will
post them<SPAN class=689441113-25042003>. </SPAN></FONT>
<LI><STRONG><FONT face=Arial>Alumni Projects (</FONT></STRONG><A
href="http://web.mit.edu/cre/alumni.html"><STRONG><FONT
face=Arial>http://web.mit.edu/cre/alumni.html</FONT></STRONG></A><FONT
face=Arial><STRONG>).</STRONG> Send <SPAN
class=689441113-25042003>me (<A
href="mailto:marionoc@mit.edu">marionoc@mit.edu</A>) n</SPAN>otices of your
projects, publications, promotions, and noteworthy events<SPAN
class=689441113-25042003> for posting on the MIT/CRE web
site</SPAN>. <SPAN class=689441113-25042003> </SPAN>
</FONT></LI></UL></SPAN></SPAN>
<DIV dir=ltr><SPAN class=689441113-25042003><FONT face=Arial>Best
regards,</FONT></SPAN></DIV>
<DIV dir=ltr><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV dir=ltr><SPAN class=689441113-25042003><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV dir=ltr><SPAN class=689441113-25042003><FONT size=2><BR><FONT
face=Arial>Marion O. Cunningham<BR>Associate Director<BR>MIT/Center for Real
Estate<BR>77 Massachusetts Avenue<BR>W31-310<BR>Cambridge, MA
02139-4307<BR>Phone: (617)
253-2680<BR>Fax: (617) 258-6991<BR></FONT><A
href="http://web.mit.edu/cre/" eudora="autourl"><FONT
face=Arial>http://web.mit.edu/cre/</FONT></A><BR><BR><FONT face=Arial
size=3><I><STRONG>CRE: 20 Years of Building the
Future</STRONG></I></FONT></FONT></SPAN></DIV></SPAN></FONT></SPAN></DIV></BODY></HTML>