Thomas Vincent 1 July, 1999

Aloha Ladies and Gentlemen,

Our "REIT Corporate Finance" session is scheduled for Monday, January 5, 2004 at 8:00 a.m. in Manchester Grand Hyatt (hotel)/Betsy C (room) as part of the AREUEA annual conference, (Saturday through Monday) January 3- 5 to be held in San Diego, California. Enclosed is a listing of presenters and discussants, a session schedule and the papers and/or abstracts submitted for presentation at the session. Please check to see that all of your personal information is correct as listed. Session information has recently been posted on the web: go to www.areuea.org/conferences/pdf/2004_assa_program.pdf, and then click on "Annual Meeting". The listings are organized by date, time and then alphabetically by participating organization.

The format for the session is as follows:

Paper presentations: no more than 20 minutes
Discussant comments: no more than 5 minutes
Rebuttal by presenters: 1-2 minutes
Remaining time: devoted to questions, answers, and comments

Each author should send the final version of the paper to his or her discussant, as well as all other participants in the session no later than December 3, 2004. According to the ASSA, each person in our session must register for the meetings and pay the registration fee (translation: no arbitrage is allowed). Identification badges are required for admission to sessions and activities. If you have any questions, please feel free to contact me. Mahalo (thank you).

Me ka `oiã`i`o,
(with sincerity)
Crocker H. Liu
Associate Professor of Finance
New York University, Stern School of Business

ALLIED SOCIAL SCIENCE ASSOCIATIONS, January 3-5, 2004, San Diego, California

Day: Monday Time: 8 a.m. Date: January 5, 2004
Location: Manchester Grand Hyatt/Betsy C
Association American Real Estate and Urban Economics Association

Session Title: REIT Corporate Finance

Presiding: Crocker H. Liu, New York University

M. SHAHID EBRAHIM, Nottingham University and IKE MATHUR, Southern Illinois University--Optimal
Organizational Form for Real Estate Entities

CARMELO GIACCOTTO, ERASMO GIAMBONA, and C.F. SIRMANS, University of Connecticut--Modeling
Autocorrelation of Monthly Returns in Long-Horizon Event-Studies: The Case of Stock

JOHN A. KILPATRICK, Mundy Associates, and RONALD C. ROGERS, University of South Carolina--Agency Costs
and REIT Post-IPO Market Performance

     ROBERT D. CAMPBELL, Hofstra University, CHINMOY GHOSH, University of Connecticut, and C.F. SIRMANS,
     University of Connecticut--The Umbrella Partnership REIT Organizational Form and the Exercise of Corporate Control
     in Acquisition-Related Restructuring.

Discussants:

     JAY HARTZELL, University of Texas
    CHARLES TRZCINKA, Indiana
    JARL KALLBERG, New York University
    TODD SINAI, Wharton

Presiding: Crocker H. Liu

Batting Order: Email all participants

Order	Presenter	Discussant
1	M. Shahid Ebrahim and Ike Mathur, "Optimal Organizational Form for Real Estate Entities" M. Shahid Ebrahim (contact) Nottingham University Division of Accounting & Finance Jubilee Campus-Wollaton Road Nottingham NG8 1BB United Kingdom Phone: 44-115-84-67654 Fax: +44-11584-66686 Email: drmse@yahoo.com Ike Mathur Southern Illinois University at Carbondale Carbondale, Illinois 62901-4626 Phone: (618)453-1421 Fax: (618)453-5626 Email: imathur@cba.siu.edu	Jay Hartzell University of Texas Austin, Texas Phone: (512)471-6779 Fax: (512)471-5073 email: Jay.Hartzell@bus.utexas.edu
2	Carmello Giaccotto, Erasmo Giambona (contact), and C.F. Sirmans "Modeling Autocorrelation of Monthly Returns in Long-Horizon Event-Studies: The Case of Stock" University of Connecticut 2100 Hillside Road-Unit 1041 Storrs, Connecticut 06269-1041 Phone: (860)486-4360 C. Giaccotto (860)429-6545 E. Giambona (860)486-3227 C.F. Sirmans Fax: (860)486-0349 Email: Carmelo@sba..uconn.edu giambona@sba..uconn.edu cf@sba.uconn.edu	Charles Trzcinka Kelly School of Business Indiana University 1309 East Tenth Street Bloomington, Indiana 47405 Phone: (812)855-9908 Fax: (812)855-5875 email: ctrzcink@indiana.edu
3	John A. Kilpatrick and Ronald C. Rogers, "Agency Costs and REIT Post-IPO Market Performance" John A. Kilpatrick Managing Partner Mundy Associates 1825 Queen Anne Ave., N. Seattle, Washington 98109 Phone: (206) 623-2935 Fax: (206) 623-2985 Email: john@mundyassoc.com Ronald C. Rodgers Moore School of Business University of South Carolina Columbia, South Carolina 29208 Phone: (803)777-5960 Fax: Email: rrogers@moore.sc.edu	Jarl Kallberg New York University Stern School of Business Management Education Center 44 West 4^th Street, Suite 9-190 NY, NY 10012-1126 Phone: (212) 998-0339 Fax: (212) 995-4233 Email: jkallber@stern.nyu.edu
4	Robert D. Campbell, Chinmoy Ghosh, and C.F. Sirmans, University of Connecticut--The Umbrella Partnership REIT Organizational Form and the Exercise of Corporate Control in Acquisition-Related Restructuring. Robert D. Campbell Hofstra University 134 Hofstra University Hempstead, New York 11549-1333 Phone: (516) 463-5364 Fax: (516) 463-4834 E-mail: finrdc@hofstra.edu Chinmoy Ghosh University of Connecticut 2100 Hillside Road-Unit 1041 Storrs, Connecticut 06269-1041 Phone: (860)486-3227 Fax: (860)486-0349 Email: chinmoy@sba.uconn.edu C.F. Sirmans University of Connecticut 2100 Hillside Road-Unit 1041 Storrs, Connecticut 06269-1041 Phone: (860)486-3227 Fax: (860)486-0349 Email: cf@sba.uconn.edu	Todd Sinai 308 Lauder-Fischer Hall 256 South 37th Street Philadelpha, PA 19104-6330 Phone: (215)898-5390 Fax: (215)573-2220 Email: sinai@wharton.upenn.edu