■ THE KEYNOTE SPEAKERS Program Partners Azor Advisory Services, Inc. - Beth Azor ■ CONFERENCE STEERING COMMITTEE Bryd Corporation - Bobby Byrd Mark and Nan Hillis Robert J. Barkett Renee Reichling Jennings Partners, Inc. - Evan D. Jennings CUSHMAN & WAKEFIELD OF FLORIDA, INC. COLONIAL BANK REH Capital Parnters, LLC - Frank Nardozza Timberlane Appraisal Associates, Inc. - Matt Ryan The FSU Real Estate Network’s James Bobbit Kyle D. Riva CB RICHARD ELLIS EPOCH PROPERTIES, INC. 11th Annual

Robert M. Breslau Greg Rix Gold Level Sponsors STILES RETAIL GROUP BRIGHAM MOORE LLP Abood Wood-Fay Commercial Real Estate Group, LLC Real Estate Guest Moderator Brigham Moore, LLP - Eminent Domain Brooks Byrd Jeff Sweeney & Property Rights Lawyers RANDELL A. SMITH STUART VARNEY CHRIS FARRELL BYRD CORPORATION GRUBB & ELLIS / COMMERCIAL FL Byrd Corporation Chief Executive Officer and co-founder Financial and Economic Journalist, Fox News Contributing Economics Editor, CIBC World Markets Corporation of Smith Travel Research BusinessWeek Trends Charismatic, articulate, and candid, Brad Capas Amy M. Young CNL & Randy Smith is the leading CUSHMAN & WAKEFIELD OF FLORIDA, INC. UNICORP NATIONAL DEVELOPMENT Cushman & Wakefield of Florida, Inc. Stuart Varney consistently wins rave Chris Farrell, contributing authority on current trends in The Dunhill Companies reviews from audiences and is credited economics editor at BusinessWeek, is ■ EXECUTIVE ADVISORY BOARD occupancy, room rate and supply/ John M. Crossman Florida Real Estate Journal Networking with changing the way that television an award-winning, nationally TRAMMELL CROW COMPANY Florida Trend demand data for the U.S. and the Donna Abood reports on financial and economic news recognized business journalist and KeyBank Real Estate Capital North American lodging industries. ABOOD WOOD-FAY COMMERCIAL REAL ESTATE GROUP worldwide. Formerly the host of CNBC’s financial expert who started writing J. Scott Davis LandMar Group, LLC Smith Travel Research (STR) tracks broadcast of The Wall Street Journal about the New Economy in the early NORTHMARQ CAPITAL, INC. LaSalle Bank Conference market share performance for Beth Azor Editorial Board with Stuart Varney and 1990s. In 1999 and 2000 he received O.R. Colan Associates virtually every major global hotel AZOR ADVISORY SERVICES, INC. co-host of CNN’s MoneyLine News Hour the Gerald Loeb Award in business Jim Doyle Prestige Builders Partners chain and most major management LANDMAR GROUP, LLC from 1999 to 2001, Varney joined the journalism for two radio documenta- Ed Burr companies through its various STAR Fox News network in December 2003 as ries, “The World Turned Upside LANDMAR GROUP, LLC Martin C. Engelmann, Jr. programs. Down” and “Minnesota in the Dot.com a contributor to a variety of shows, TROPICAL REALTY APPRAISAL SERVICES Mr. Smith is past co-chairman of including Your World with Nick Cavuto, Age.” Bobby Byrd BYRD CORPORATION the Industry Real Estate Financing Bulls & Bears, and Forbes on Fox. He is Farrelis economics editor for Eric Hector Advisory Council (IREFAC) and the also notably a founding member of CNN’s Marketplace Money, produced and DEBARTOLO DEVELOPMENT syndicated nationally by America Kimberly Graham 2002 recipient of the prestigious award-winning business team and former BANK OF AMERICA IREFAC C. Everett Johnson Award. He host of both Business Day and Business Public Media and a regular contributor Don Jennewein L. J. MELODY, INC. is vice-chair of the American Hotel Asia. on the Marketplace Morning Report. Mark Hillis Foundation Funding Committee, a He joined CNN upon its founding in He was host and executive editor of SUNTRUST BANK Keith Jones charter member of the International 1980. An economist educated at the Right on the Money!, a nationally GMAC COMMERCIAL MORTGAGE Society of Hospitality Consultants and London School of Economics, Varney is syndicated half-hour public television Evan Jennings JENNINGS PARTNERS, INC. a former member of the board of uniquely qualified to address the rapidly show, and author of “Right on the Lee Ann Korst directors. In 1996 he was the shifting domestic and global economic Money!: Taking Control of Your FLORIDA DEPT. OF MGMT. SERVICES George Livingston recipient of the Industry Pioneer trends, and the implications for business, Personal Finances” and has also NAI REALVEST PARTNERS, INC. Award of the ISHC for outstanding institutional investors, and individuals. written “Deflation: What Happens Greg R. Michaud When Prices Fall,” which will be out in ING INVESTMENT MANAGEMENT contribution to the lodging industry. His exceptional coverage and analysis of Frank Nardozza Prior to starting STR, Mr. Smith was the stock market crash of 1987 earned paperback in September, 2005. Chris is a REH CAPITAL PARTNERS, LLC Director of Research for Laventhol & him a Peabody Award for excellence in graduate of Stanford and The London Jackie Moalli ST. JOE COMMERCIAL, INC. Horwath. Mr. Smith is an alumnus of journalism. ■ School of Economics. ■ Larry Richey ■ CUSHMAN & WAKEFIELD OF FLORIDA, INC. Florida State University. John A. Priede ■ ACCOMMODATIONS & ATTIRE ZAREMBA GROUP, LLC James Roberts Hotel information has been enclosed and can be found at wwwrealestate.com. The attire at all conference events is business or business casual. ROBERTS & ASSOCIATES S.E., INC. University Center Club Policies apply. John Mark Ramsey ■ SPECIAL NOTE CNL RETIREMENT CORP. Joseph Taggart It is imperative that you make reservations and register early. All accommodations are limited. CLW REAL ESTATE SERVICES GROUP ■ FOOTBALL TICKETS Single game tickets for the North Carolina State game may be ordered by credit card from the FSU athletic ticket office; (850) 644-1830 or at www.seminole.com. November 3 & 4, 2005 / Florida State University/ Tallahassee, Florida ■ CANCELLATION POLICY Registration materials enclosed ... Register Today! www.fsurealestate.com Full refunds will be made for cancellations prior to October 28, 2005. Refunds cannot be made for cancellations after this date. PROGRAM PARTNERS Azor Advisory Services, Inc. - Beth Azor THE 11TH ANNUAL REAL ESTATE TRENDS & NETWORKING CONFERENCE Bryd Corporation - Bobby Byrd C O N F E R E N C E S C H E D U L E November 3 & 4, 2005 Mark and Nan Hillis Jennings Partners, Inc. - Evan D. Jennings REH Capital Partners, LLC - Frank Nardozza Timberlane Appraisal Associates, Inc. - Matt Ryan

GOLD LEVEL SPONSORS CONFERENCE ORGANIZERS THURSDAY, November 3, 2005 Session II. Are New Places Emerging in Mixed-Use Development? Abood Wood-Fay Commercial Real Estate Group, LLC The Real Estate Center / Florida State University 4:30 p.m. - 5:30 p.m. Real Estate Steering Committee Meeting Where are the opportunities? What new trends are emerging? What are the risks? What are the Brigham Moore, LLP - Eminent Domain & The Real Estate Network / Florida State University Conference Steering Committee meeting, University Center Club roles of retail and office? What are the politics? Executives involved in mixed-use development Property Rights Lawyers projects will share from their experiences. The Real Estate Society / Florida State University Byrd Corporation THURSDAY, November 3, 2005 Panelists: TBA. CIBC World Markets Corporation The FSU Real Estate Trends & Networking Conference is organized to Reception held in the Banquet Hall (3rd floor) of the University Center Club, FSU Moderated by: Keith Jones, GMAC Commercial Mortgage, CNL inform participants of the emerging trends and issues facing the real Jeff Sweeney, Grubb & Ellis / Commerical Florida; Amy Young, Unicorp National Development. Cushman & Wakefield of Florida, Inc. 6:00 p.m. - 7:00 p.m. Registration and Reception estate industry. The conference focuses on factors affecting markets in Sponsor: St. Joe Company The Dunhill Companies Session III. Is a Train a Comin’? - The Kelo v. New London Decision Florida Real Estate Journal the southeast region of the U.S. Florida Trend 7:00 p.m. - 9:00 p.m. Reception Dinner and Conference Opening New London, a city in Connecticut, used its eminent domain authority to seize private property to Plenary and concurrent “hot topic” sessions are planned that highlight sell to private developers. The property owners argued taking private property to sell to private KeyBank Real Estate Capital the critical issues affecting real estate investment and development. Top Stuart Varney, Financial and Economic Journalist, Fox News LandMar Group, LLC “A New Day in America: Its Economy, Its Politics, Its Culture developers was not a public use. The Connecticut Supreme Court ruled for New London. Public executives will discuss the key trends affecting the retail, office/industrial, and private interests will discuss key ramifications of this case. LaSalle Bank Presiding: Greg Rix, Brigham Moore, LLP O.R. Colan Associates hospitality, multi-family and single-family market segments. Panelists: S. William Moore, Brigham Moore, LLP; others TBA. Prestige Builders Partners 9:30 p.m. – 11:30 p.m. Cocktail & Jazz Reception Moderated by: Greg Rix, Brigham Moore, LLP St. Joe Company Sponsors: Brigham Moore, LLP – Eminent Domain & Property Rights Lawyers and Tropical Realty Appraisal Services, Inc. CONFERENCE REGISTRATION Session IV. “If I Were 21” GARNET LEVEL SPONSORS To register, complete the registration form enclosed with this brochure This Q&A session is designed specifically for students of the FSU Real Estate Program to discuss and mail, or fax, it to the address indicated on the form. Registration is FRIDAY, November 4, 2005 Beshears & Associates All conference sessions and lunch held in the University Center Club, FSU. career opportunities and strategies. Employers and recruiters are welcome to attend to meet Gaylord Merlin Ludovici Diaz & Bain - Eminent also available online at www.fsurealestate.com. The cost of the confer- 7:45 a.m. - 8:15 a.m. Breakfast (informal continental breakfast) students and discuss opportunities. Domain Attorneys ence is $170 ($195 for late registration). The registration fee includes Panelists: Keith Davidson, Edens & Avant; Marty Engelmann, Tropical Realty Appraisal the Thursday evening dinner, Friday breakfast, luncheon and keynote HealthTrust, LLC 8:15 a.m. - 8:30 a.m. Opening Remarks and Announcements Services; Andy Hawkins, Trammell Crow Company; Erik Hector, DeBartolo Development, Inc.; Metro Market Trends, Inc. address, all conference sessions, and conference materials. George Livingston, NAI Realvest Partners, Inc.; Rick Machado, The Scott Partnership Michaud Family Presiding: Greg Michaud, ING Investment Management Architecture; Kyle Mowitz, Paradise Development Group, Inc.; Cathy Colan-Muth, O.R. Colan NorthMarq Capital, Inc. Registration forms must be received by October 21, 2005. 8:30 a.m. - 9:15 a.m. 2006 Market Outlook – U.S. The Staubach Company (Late registrations will be accepted until October 28, 2005.) & Associates; John Priede, Concordia-Properties, LLC; John Mark Ramsey, CNL Retirement Starwood Hotels & Resorts Kurt Wassenar, ING Investment Management – Americas Region Corp.; and Dale Scott, Keene Construction Co. TALCOR Commercial Real Estate Services, Inc Moderated by: John Crossman, Trammell Crow Company 9:30 a.m. - 10:15 a.m. Show Me the Money! Megatrends Tropical Realty Appraisal Services CONFERENCE LOCATION Tupelo Development, LLC All conference events and sessions will be held at the FSU University This session looks at major demographic / economic / legislative / consumer trends affecting real estate markets 11:45 a.m. - 1:15 p.m. Lunch and Keynote Address Center Club in Tallahassee. The University Center Club is located on the in the Southeast. It sets the stage for the breakout sessions. Randy Smith, CEO and co-founder, Smith Travel Research third, fifth, and sixth floors at the southeast end of Doak Campbell CONTRIBUTING SPONSORS Moderated by:–Chris Farrell, economics editor with American Public Media’s Marketplace Money and contributing economics Presiding: Greg Michaud, ING Investment Management Stadium, (850) 644-8528. Appraisal Institute editor for Business Week. Calhoun, Dreggors & Associates, Inc. 1:30 p.m. - 3:00 p.m. Seminole Real Estate Connections Colonial Bank, N.A. Panelists: Will Butler, St. Joe Land Company; Bill Hunter, Florida Association of Community Developers; others TBA. The fifth floor of the University Center Club will be available for companies to informally meet with students and clients, or to THE FSU REAL ESTATE NETWORK Eshenbaugh Land Company 10:30 a.m.-11:30 a.m. Hot Topics (concurrent sessions) display company information. GMAC Commercial Mortgage The FSU Real Estate Network is an alliance of the alumni and friends of Session I. Will the Bubble Burst and How Sharp is the Needle? Grubb & Ellis / Commercial Florida the FSU Real Estate Program. The Network’s purpose is to enhance the 6:00 p.m. - 10:00 p.m.: Tallahassee Downtown “Getdown” at Adam’s Street Commons (from Park to Jefferson). Are properties overpriced? Is the market about to turn? Are we overbuilt? How far is down if a downturn comes? ING Investment Management professional relationships among the Program’s alumni, friends and Proceeds benefit the Big Bend United Way. What about the condominium market? Where are the opportunities? A panel of industry executives will detail current Integra Realty Resources - Orlando students. Over 2,500 individuals are current participants of the Network. Ketcham Appraisal Group, Inc. conditions in the single- and multifamily markets. SATURDAY, November 5, 2005 Murphy Land and Retail Services, Inc. Panelists: Michael Cannon, Integra Realty Resources; Paul Ellis, Trammell Crow Company; Michael Slater, TRIAD College of Business Alumni “Tailgate,” Rovetta Business Building Courtyard NAI Realvest Partners, Inc. FOR MORE INFORMATION Research & Consulting, Inc. (three hours prior to kickoff) New Plan Excel Realty Trust Web: www.fsurealestate.com Moderated by: J. Scott Davis, NorthMarq Capital, Inc., Renee Reichling, Colonial Bank The Florida State University Football Game / FSU Seminoles versus North Carolina State Osprey Real Estate Prudential Mortgage Capital Company Ms. Laura Waltke, College of Business, Florida State University Doak Campbell Stadium, Tallahassee, Florida / Time: TBA Regional Capital Fund, LLLP Tallahassee, Florida 32306-1110 Residential Elevators Phone: (850) 644-4076; Fax: (850) 644-4077 SunTrust Bank Email: [email protected]