 | Public Storage, Inc. North America - Other Strategic purchase of 2.25% interest in the nation’s largest owner/operator of self-storage facilities
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 | CBC Office Building Europe - Office Acquisition of Class A, 100,000 square foot office building in La Défense (Paris, France)
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 | Colony CELCO North America - Residential Joint venture development of 480 luxury condominium units in Mexico City with the Steiner and Rivera Torres families
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 | Meadows Del Mar North America - Residential Joint venture development of master-planned golf course community in San Diego, California with Patriot American
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 | Red Rock Country Club North America - Residential Development through Sunrise Colony of 738-acre residential/golf course community in Las Vegas, Nevada
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 | Las Olas Riverfront North America - Retail Development of 259,000 square foot retail-entertainment center in Fort Lauderdale, Florida
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 | Stanhope Hotel North America - Hospitality Acquisition of 155-room luxury hotel located on Fifth Avenue across from the Metropolitan Museum of Art in New York City
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 | Credicom Asia Limited Europe - Hospitality Acquisition of minority interest in foreign private company that controls Amanresorts and Saresco Duty Free, among other assets
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 | Homebuilders Capital Company North America - Other Formation of a private specialty finance company to provide single family construction loans and other financial products
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 | Santa Anita Companies North America - Other Acquisition of securities representing 8% interest in REIT (subsequently acquired by Meditrust Companies)
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 | Strategic Investors North America - Other Partnership formed to target minority positions in securities of undervalued public real estate-related companies
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 | Swerdlow - South Florida North America - Retail Acquisition of four-asset portfolio of retail and office properties in Miami area (1.8 million square feet)
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 | 610 Park Avenue North America - Residential Acquisition of Mayfair Hotel at 65th and Park Avenue in New York City; subsequently converted to 70 luxury condominiums
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 | W Honolulu North America - Hospitality Acquisition through foreclosure and redevelopment of 50-room boutique hotel and 24 residential units located in Hawaii’s historic Diamond Head district
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 | Holiday Inn Midtown North America - Hospitality Acquisition out of bankruptcy and renovation of 600-room tourist-class hotel in New York City; repositioned under Holiday Inn flag
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 | Prentiss Federal Express North America - Office Development of 150,000 square foot build-to-suit distribution facility in suburban Philadelphia for Federal Express Corp.
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 | Cypress Creek Station North America - Retail Development of 227,000 square foot retail power center located in Fort Lauderdale, Florida
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 | Orchid at Mauna Lani North America - Hospitality Acquisition and repositioning of 539-room luxury hotel located on 32 acres along the Kohala Coast, Hawaii
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 | Manhattan Properties North America - NPLs Recapitalization of property portfolio through origination of $20.4 million secured mortgage
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 | Presidential Circle Office Building North America - Office Acquisition and repositioning of Class A, 284,060 square foot office building in Hollywood, Florida (Miami submarket)
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 | Kroger Equities North America - Other Minority investment in securities of under-valued/under-performing Southeastern office REIT
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 | Lakelands North America - Residential Acquisition, entitlement, and development of 343-acre master-planned residential community in Gaithersburg, Maryland
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 | Virgin Entertainment Group Europe - Retail Acquisition of former MGM U.K. Cinemas in partnership with Virgin Group and TPG
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 | Grand Bay Office Plaza North America - Office Acquisition and repositioning of Class A, 164,177 square foot office building in Coconut Grove, Florida (Miami submarket)
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