Financial Services >> Sector Roundtables >> December 24, 2001
STUART SEELEY is a Director at UBS Warburg. Prior to joining UBS Warburg
he was a REIT Analyst at Salomon Smith Barney. Mr. Seeley received a BA
from St. Lawrence University and an MBA from Columbia Business School.
GREG WHYTE heads up Morgan Stanley's Real Estate and REIT research team
in the U.S., and has been at Morgan Stanley for 10 years, having joined
Dean Witter in 1991. Previously he spent three years at Lehman Brothers
covering real estate and financial services companies. Mr. Whyte came to
the US in 1987 having spent four years at UAL Merchant Bank in
Johannesburg, South Africa. He graduated from Natal University, South
Africa, where he studied Business and Real Estate Finance. Mr. Whyte is
a frequent speaker and presenter at various industry and related
conferences and seminars, and has previously been named to the
Institutional Investor 'All Star' REIT team. Profile
STEVE SAKWA joined Merrill Lynch in January 1996 to cover real estate
investment trusts (REITs). Since October 2000, he has served as the
Senior Analyst following this industry, in the global securities
research and economics group and had formerly co-covered REITs at Morgan
Stanley from 1993- 1996. Over the past five years, the Merrill Lynch
REIT Research team has consistently placed first or second in the annual
Institutional Investor survey. Most recently, Mr. Sakwa and the REIT
team placed runner-up in the 2001 Institutional Investor survey. He
earned a BA in Economics from the University of Michigan and an MBA in
Business Administration from New York University's Stern School of
Business. Profile
SAMUEL A. LIEBER is CEO/Portfolio Manager at Alpine Management &
Research, LLC. Previously, he was associated with The Evergreen
Funds as a Real Estate Portfolio Manager. Before that he was with
Whitbred-Nolan, Inc., and with The Project for Public Spaces as a
Noyes Fellow. Mr. Lieber's academic background includes Wesleyan
University, New York University Graduate School of Business, and
NYU Real Estate Institute. He is a member of NYSSA, NAREIT, the
International Council of Shopping Centers and the Urban Land
Institute. Profile
TWST: Let's begin with a review of the performance of the REITS in 2001.How have the stocks performed relative to other sectors of the market,
and for that matter, compared to other asset classes