W. Edward Walter, President & CEO
Revenues Fiscal Year 2007: $5.4 Billion
Area of Specialization: Ownership/Investment
Number of Offices: 3
Number of Employees: 215
With a portfolio valued at $10 billion, this
Bethesda, MD-based lodging REIT is
among the top tier of hotel owners. Host
Hotels controls or has an interest in 128
luxury properties with approximately
67,000 rooms
in more than
50 major markets worldwide. Its assets
operate under
such premium
brands as
Ritz-Carlton,
Four Seasons,
St. Regis,
Marriott,
Walter Westin,
Sheraton and
Hyatt.
“There is no doubt that the significant
economic and financial turmoil is impacting the travel industry, which will likely
make the next few quarters challenging
for lodging companies,” observes Walter.
“Our strong balance sheet and liquidity
position allow us to be opportunistic as
market conditions change.”
5Simon Property Group
David E. Simon, Chairman & CEO
Revenues Fiscal Year 2007: $3.7 Billion
Areas of Specialization: Development,
Ownership/Investment
Number of Offices: 13
Number of Employees: 5,000
With 258 million sf of space in 379 properties worth $50 billion at year-end 2007,
Simon Property Group is a widely recognized brand
on the US
retail scene.
The Indianapolis-based
firm has five
operating
platforms and
has ownership
interests in
properties in
the US,
France, Italy,
Simon Poland, Japan,
Mexico, South
Korea and China.
Last spring, the S&P 500 company Jones Lang LaSalle closed on its $7.9-billion acquisition of Colin Dyer, President & CEO Mills Corp. with joint venture partner Revenues Fiscal Year 2007: $2.7 Billion Farallon Capital Management LLC, gain- Areas of Specialization: Brokerage, Finance ing 45 million sf of space in 37 proper- Number of Offices: 180 ties. Additionally, it bought 39 assets Number of Employees: 33,800 totaling 44 million sf and disposed of 3. 9 million sf in six properties. And Simon Even before its acquisition of Staubach ad an active year on the development 7Co. this year, Jones Lang LaSalle was a
side as well, delivering nearly 3. 3 million significant force in the world of commer-
sf of space in seven centers. cial real estate services firms. With a pres-
ence in more
than 700 cit-
ies in 60 coun-
tries, the
Chicago-
based compa-
ny’s property
and corpo-
rate facility
management
portfolio
totals about
Dyer 1. 2 billion sf
and it has in
excess of $54
billion of assets under management.
Last year, the firm closed 18,734 leas-
ing and sales deals for a total of $130.6
billion. JLL also arranged 61 financing
transactions totaling $3.4 billion.
Despite the global economic downturn, the company’s leadership is finding opportunities to do business.
“With corporate occupier clients
intent on controlling costs while
increasing flexibility in their portfolios, we are providing outsourcing services and advising on proactive space
and workplace planning, lease restructuring, sale-leasebacks and other tactics to anticipate and address emerging needs,” says Dyer.
6TIAA-CREF
Thomas Garbutt, Managing Director &
Head of Global Real Estate
Revenues Fiscal Year 2007: $3.5 Billion
Areas of Specialization: Ownership/
Investment, Finance
Number of Offices: 4
Number of Employees: 139
TIAA-CREF originated its first commercial mortgage in 1934 and began
investing directly in commercial properties 13 years later. Today, it’s one of
the nation’s
largest institutional real
estate investors with a
$70-billion
global
portfolio.
“We expect
the challenging environment to con-
Garbutt tinue through
2009,” says
Garbutt. “Our
strong platform, based on a disciplined
investment approach, positions our
team to create value.”
Based in New York City, the organi-
zation invests in and manages real Lincoln Property Co. estate on behalf of individuals and Mack Pogue, Chairman institutional clients around the world. Revenues Fiscal Year 2007: $2.5 Billion Its equity holdings comprise 301 Areas of Specialization: Development, buildings, including office, retail, Ownership/Investment industrial, apartments and mixed use, Number of Offices: 205 worth $25.7 billion. In 2007 alone, it Number of Employees: 4,942 bought $5.3 billion and sold $1.3 bil- lion worth of properties. On the lend- 8Founded in 1965 by current chairman
ing side, TIAA-CREF completed 42 Mack Pogue, Lincoln Property Co. has
deals for a total of $1.7 billion. evolved from developing and managing
apartment communities, primarily in
the Southwest, to a wider range of prod-
uct types—namely retail, office, indus-
trial and mixed-use—in major markets
across the US. It is also actively involved
in the affordable and student housing
