| Top 25 managers of REITs |
| U.S. institutional, tax-exempt assets managed internally, in millions as of Dec. 31, 2005. |
|
| Barclays Global | $9,496 |
| Deutsche Asset Mgmt. | $5,903 |
| AEW Capital | $4,558 |
| LaSalle Investment | $4,023 |
| Cohen & Steers | $3,846 |
| TIAA-CREF | $3,737 |
| Security Capital Research | $2,949 |
| Wellington Mgmt. | $2,722 |
| Adelante Capital | $2,715 |
| INVESCO | $2,374 |
| Mercantile-Safe Deposit | $2,175 |
| General Motors Asset Mgmt. | $2,096 |
| ING Clarion/ING RE | $1,948 |
| Urdang & Assoc. | $1,754 |
| ABN AMRO Asset Mgmt. | $1,692 |
| Morgan Stanley | $1,658 |
| Vanguard Group | $1,140 |
| State Street Global | $1,067 |
| Heitman | $1,012 |
| Dimensional Fund Advisors | $942 |
| Deerfield Capital | $757 |
| Principal Global Investors | $680 |
| FAF Advisors | $542 |
| CB Richard Ellis Investors | $536 |
| KRA Capital | $535 |
| Total | $60,857 |
