1. 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.

2. 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

3. All Property Types: Offered vs Closed

4. Quarterly Closed vs Offered Volume

5. All Property Types: Offered vs Closed

6. 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

7. Insurance Companies Lead Wave of Capital Back Into CRE

8. Insurance Company Lending

9. Office: Offered vs Closed

10. Apartment: Offered vs Closed

11. Retail: Offered vs Closed

12. Industrial: Offered vs Closed

13. Hotel: Offered vs Closed

14. 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

15. 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

16. Full Recoveries on the Rise

17. 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.

18. Property Details for 1540 Broadway

19. The Return Larger Deals

20. 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

21. 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

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

23. All Property Type: Distress & Workout Activity

24. Office: Distress & Workout Activity

25. Retail: Distress & Workout Activity

26. Industrial: Distress & Workout Activity

27. Hotel: Distress & Workout Activity

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