REIT AND PUBLICLY TRADED REAL ESTATE INDUSTRY OFFICIALS ELECTED

WASHINGTON, Oct. 22 /PRNewswire/ -- The National Association of Real
Estate Investment Trusts(R) (NAREIT) has elected its 1999-2000 officers,
members of its executive committee and new members of its board of governors. 
The elections took place by fax ballot distributed to the association's
members prior to the NAREIT 1999 Annual Convention, which will be held October
27-29 in Los Angeles.  A complete listing of members of the 1999-2000 NAREIT
Board of Governors is attached. 
Re-elected chair was Samuel Zell, chairman, Equity Office Properties Trust
(NYSE: EOP); Equity Residential Properties Trust (NYSE: EQR); and Manufactured
Home Communities (NYSE: MHC), Chicago, IL. 
Re-elected first vice chair was David E. Simon, chief executive officer,
Simon Property Group (NYSE: SPG), Indianapolis, IN. 
Re-elected second vice chair was William D. Sanders, chairman, Security
Capital Group Incorporated (NYSE: SCZ), Santa Fe, NM. 
Re-elected treasurer was Dean Jernigan, chairman and chief executive
officer, Storage USA, Inc. (NYSE: SUS), Memphis, TN. 
Elected to the executive committee were:  Terence C. Golden, president and
chief executive officer, Host Marriott Corporation (NYSE: HMT), Bethesda, MD;
Frank C. McDowell, president and chief executive officer, BRE Properties, Inc.
(NYSE: BRE), San Francisco, CA; Richard L. Michaux, president and chief
executive officer, AvalonBay Communities, Inc. (NYSE: AVB), Alexandria, VA;
Steven Roth, chairman and chief executive officer, Vornado Realty Trust
(NYSE: VNO), New York, NY; and Warren E. Spieker, Jr., chairman, Spieker
Properties, Inc. (NYSE: SPK), Menlo Park, CA.  Also elected to the executive
committee were past chairs Milton Cooper, chairman and chief executive
officer, Kimco Realty Corporation (NYSE: KIM), New Hyde Park, NY; and Steven
J. Guttman, president and chief executive officer, Federal Realty Investment
Trust (NYSE: FRT), Rockville, MD. 
Elected to the board of governors were:  Essel W. Bailey, Jr., chairman,
president and chief executive officer, Omega Healthcare Investors, Inc.
(NYSE: OHI), Ann Arbor, MI; Bruce W. Duncan, chairman, president and chief
executive officer, Cadillac Fairview Corporation (NYSE: CDF), Toronto, ON;
John C. Goff, vice chairman, president and chief executive officer, Crescent
Real Estate Equities Company (NYSE: CEI), Fort Worth, TX; Alan M. Leventhal,
chairman and chief executive officer, Beacon Capital Partners (Private),
Boston, MA; Thomas H. Lowder, chairman, president and chief executive officer,
Colonial Properties Trust (NYSE: CLP), Birmingham, AL; Edward Lowenthal,
president and chief executive officer, Wellsford Real Properties, Inc. (Amex:
WRP), New York, NY; Richard L. Michaux, president and chief executive officer,
AvalonBay Communities, Inc. (NYSE: AVB), Alexandria, VA; John S. Moody,
president and chief executive officer, Cornerstone Properties Inc. (NYSE:
CPP), New York, NY; Gary M. Ralston, president and chief operating officer,
Commercial Net Lease Realty (NYSE: NNN), Orlando, FL; Steven Roth, chairman
and chief executive officer, Vornado Realty Trust (NYSE: VNO), New York, NY;
Warren E. Spieker, Jr., chairman, Spieker Properties, Inc. (NYSE: SPK), Menlo
Park, CA; Jay Sugarman, president and chief executive officer, Starwood
Financial Trust (AMEX: APT), New York, NY; Paul W. Whetsell, chairman and
chief executive officer, Meristar Hospitality Corporation (NYSE: MHX),
Washington, DC; and Richard S. Ziman, chairman and chief executive officer,
Arden Realty, Inc. (NYSE: ARI), Los Angeles, CA. 
The National Association of Real Estate Investment Trusts(R) (NAREIT) is
the national trade association for REITs and publicly traded real estate
companies.  Members are real estate investment trusts (REITs) and other
businesses that own, operate and finance income-producing real estate, as well
as those firms and individuals who advise, study and service those businesses.
Visit NAREIT's Web site at www.nareit.com. 


                     1999-2000 NAREIT BOARD OF GOVERNORS
                              Samuel Zell, Chair
                       David E. Simon, First Vice Chair
                    William D. Sanders, Second Vice Chair
                           Dean Jernigan, Treasurer
    Essel W. Bailey, Jr.      Thomas L. Hefner         David E. Simon
    Chairman, President       Chairman and CEO         CEO
    and CEO                   Duke-Weeks Realty        Simon Property
    Omega Healthcare          Corporation              Group
    Investors, Inc.
    Robert Batinovich         Dean Jernigan            Leland R. Speed
    Chairman and CEO          Chairman and CEO         Chairman
    Glenborough Realty        Storage USA, Inc.        East Group
    Trust Incorporated                                 Properties
                                                       Parkway Properties
    Richard J. Campo          Harvey Lenkin            Warren E. Spieker, Jr.
    Chairman and CEO          President and COO        Chairman
    Camden Property Trust     Public Storage, Inc.     Spieker Properties,
                                                       Inc.
    George L. Chapman         Alan M. Leventhal        Jay Sugarman
    Chairman, CEO and         Chairman and CEO         President and CEO
    President                 Beacon Capital           Starwood Financial
    Health Care REIT, Inc.    Partners                 Trust
    Milton Cooper             Edward H. Linde          Robert S. Taubman
    Chairman and CEO          President and CEO        President and CEO
    Kimco Realty              Boston Properties, Inc.  Taubman Centers, Inc.
    Corporation
    Arthur M. Coppola         Thomas H. Lowder         Paul W. Whetsell
    President and CEO         Chairman, President      Chairman and CEO
    The Macerich Company      and CEO                  Meristar Hospitality
                              Colonial Properties      Corporation
                              Trust
    Douglas Crocker II        Edward Lowenthal         Bernard Winograd
    President and CEO         President and CEO        CEO
    Equity Residential        Wellsford Real           Prudential Real
    Properties Trust          Properties, Inc.         Estate Investors
    Anthony W. Deering        Frank C. McDowell        Scott A. Wolstein
    Chairman, President       President and CEO        Chairman and CEO
    and CEO                   BRE Properties, Inc.     Developers Diversified
    The Rouse Company                                  Realty Corporation
    Bruce W. Duncan           Richard L. Michaux       Samuel Zell
    Chairman, President       President and CEO        Chairman
    and CEO                   AvalonBay                Equity Office
    Cadillac Fairview         Communities, Inc.        Properties Trust
    Corporation                                        Equity Residential
                                                       Properties Trust
                                                       Manufactured Home
                                                       Communities
    John S. Gates, Jr.        John S. Moody            Richard S. Ziman
    President and CEO         President and CEO        Chairman and CEO
    CenterPoint Properties    Cornerstone              Arden Realty, Inc.
                              Properties Inc.
    John C. Goff              Gary M. Ralston          Past Chairs
    Vice Chairman,            President and COO        (Ex-Officio Members):
    President and CEO         Commercial Net Lease     Stanford J. Alexander
    Crescent Real Estate      Realty                   Chairman and CEO
    Equities Company                                   Weingarten Realty
                                                       Investors
    Terrence C. Golden        Steven Roth              John P. McCann
    President and CEO         Chairman and CEO         Chairman and CEO
    Host Marriott             Vornado Realty Trust     United Dominion
    Corporation                                        Realty Trust
    Steven J. Guttman         William D. Sanders       Kenneth B. Roath
    President and CEO         Chairman                 Chairman, President
    Federal Realty            Security Capital         and CEO
    Investment Trust          Group Incorporated       Health Care Property
                                                       Investors, Inc.
    John Bucksbaum                                     William Newman
    CEO                                                Chairman
    General Growth                                     New Plan Excel Realty
    Properties, Inc.                                   Trust, Inc.



SOURCE  National Association of Real Estate Investment Trusts 
-0-                             10/22/1999 
/CONTACT:  Laura Armstrong or Jay Hyde, 202-739-9400 or 1-800-3NAREIT,
both of National Association of Real Estate Investment Trusts/ 
/Web site:  http://www.nareit.com/ 


    (EOP EQR MHC SPG SCZ SUS)

CO:  National Association of Real Estate Investment Trusts; Equity Properties
     Trust; Equity Residential Properties Trust; Manufactured Home
     Communities; Simon Property Group; Security Capital Group Incorporated;


 Storage USA, Inc.
ST:  District of Columbia
IN:  RLT
SU:  PER 
-0- Oct/22/1999   12:51
EOS   (PRN)    Oct/22/1999    12:51       85
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-0- (PRN) Oct/22/1999   13:06
 
 
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