November 23, 2010 October 2010 Month in Review © 2010 Real Capital Analytics, Inc. All rights reserved. Data believed to be accurate but not guaranteed; subject to future revision; analyses based on properties & portfolios $5 million and greater.

Real Capital Rewind Presenters Sam Chandan, PhD, FRICS Global Chief Economist & Executive Vice President Dan Fasulo Managing Director Peter Slatin Associate Publisher & Editorial Director ModeratorPresenters

All Property Types: Offered vs Closed

Quarterly Closed vs Offered Volume

All Property Types: Offered vs Closed

Credits Conditions Improve Over $2.8 billion of recently originated commercial and multifaily loans illustrate the growing diversity of lenders. See “Credit Conditions Improve,” October 7, 2010Credit Conditions Improve

Insurance Companies Lead Wave of Capital Back Into CRE

Insurance Company Lending

Office: Offered vs Closed

Apartment: Offered vs Closed

Retail: Offered vs Closed

Industrial: Offered vs Closed

Hotel: Offered vs Closed

Real Capital Rewind Presenters Sam Chandan, PhD, FRICS Global Chief Economist & Executive Vice President Dan Fasulo Managing Director Peter Slatin Associate Publisher & Editorial Director ModeratorPresenters

Sam Chandan Dr. Sam Chandan is Global Chief Economist and Executive Vice President of Real Capital Analytics. Dr. Chandan’s commentary on commercial and residential markets, the economy, policy and regulation, and capital and credit markets is regularly featured national and global print publications. Sam Chandan, PhD, FRICS Global Chief Economist & Executive Vice President

Full Recoveries on the Rise

Dan Fasulo Managing Director Mr. Fasulo is Managing Director and head of research for Real Capital Analytics. Mr. Fasulo is a noted source for information on the global real estate capital markets.

Property Details for 1540 Broadway

The Return Larger Deals

Real Capital Rewind Presenters Sam Chandan, PhD, FRICS Global Chief Economist & Executive Vice President Dan Fasulo Managing Director Peter Slatin Associate Publisher & Editorial Director ModeratorPresenters

Sam Chandan Dr. Sam Chandan is Global Chief Economist and Executive Vice President of Real Capital Analytics. Dr. Chandan’s commentary on commercial and residential markets, the economy, policy and regulation, and capital and credit markets is regularly featured national and global print publications. Sam Chandan, PhD, FRICS Global Chief Economist & Executive Vice President

Global Currents Read RCA’s upcoming Global Currents featuring an update on China.Global Currents

All Property Type: Distress & Workout Activity

Office: Distress & Workout Activity

Retail: Distress & Workout Activity

Industrial: Distress & Workout Activity

Hotel: Distress & Workout Activity

Hotel Thank you for viewing our on-demand webcast, Real Capital Rewind.