Financial Services >> Sector Roundtables >> June 21, 1999
STEVEN HASH is a Managing Director of Lehman Brothers and Senior Equity
Analyst for the Real Estate Investment Trust industry. Previously, he
was associated with Oppenheimer and Arthur Andersen & Co. A Certified
Public Accountant, he is a graduate of Loyola University and received
his MBA from New York University. Mr. Hash is a member of the National
Association of Real Estate Investment Trusts and is a past President of
the Real Estate Analyst Group. 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
LAWRENCE RAIMAN is a Vice President at Donaldson, Lufkin & Jenrette.
Previously, he was associated with PaineWebber. He received his
Bachelor's degree from Pennsylvania State University and his MBA from
Columbia Business School. Mr. Raiman is a member of the National
Association of Real Estate Investment Trusts. Profile
DAVID M. SHERMAN is a Managing Director at Salomon Smith Barney.
Previously, he was associated with Harlan Company, First Boston and
PaineWebber. In addition, he is an adjunct lecturer at New York
University and a guest lecturer at Columbia University. Mr. Sherman
received his Bachelor's degree from Brown University and his MBA from
Columbia University. Profile
DANIEL G. PINE is a Senior Vice President at Alliance Capital
Management. Previously, he was associated with Desai Capital Management.
A Chartered Financial Analyst, he is a graduate of the University of
Pennsylvania. Profile
TWST: Steve, was there any fundamental change in the underlying realestate markets that prompted the improvement in REIT stock prices in
April and May? Or, had the strong fundamentals and cheap