| Accord Group Holdings |
| Activum SG |
| AFIAA Foundation for International Real Estate Investments |
| Alan Biller & Associates, Inc. |
| Alaska Electrical Pension Fund |
| Alliance Global Advisors |
| Almanac Realty Investors |
| Altus Group |
| American Landmark Apartments |
| American Realty Advisors |
| Amherst Capital Management |
| Angelo Gordon |
| Apollo Global Management |
| Argosy Real Estate Partners |
| Artemis Real Estate Partners |
| ASB Real Estate Investments |
| Ascentris |
| Avanath Capital Management |
| Avanti Properties Group |
| Bailard, Inc. |
| Banner Oak Capital Partners, LP |
| Bard Consulting, LLC |
| Bayshore Global Management |
| Benefit Street Partners |
| Benson Elliot |
| BentallGreenOak |
| Berkshire Residential Investments |
| Besen Pty Ltd |
| Black Creek Group |
| Blennemann Family Investments |
| Blue Vista Capital Management LLC |
| Bluerock Capital Markets LLC |
| Board of Pensions, Presbyterian Church (USA) |
| Brasa Capital Management |
| Broadshore Capital Partners |
| Brown Brothers Harriman & Co. |
| C III Capital Partners LLC |
| CA Ventures |
| California Public Employees’ Retirement System (CalPERS) |
| California State Teachers’ Retirement System (CalSTRS) |
| Cambridge Associates |
| Canyon Partners Real Estate LLC |
| Carmel Partners, Inc. |
| Carnegie Corporation of New York |
| CBRE Capital Advisors |
| CBRE Global Investors |
| CenterSquare Investment Management |
| Cerberus Capital Management |
| Christian Brothers Services |
| Church Pension Fund, The |
| City of Milwaukee Employes’ Retirement System |
| Cityview |
| Clarion Partners LLC |
| Cliffwater, LLC |
| Colony Capital, Inc. |
| Colorado Public Employees’ Retirement Association |
| Cook Children’s Health Foundation |
| Cos Capital Europe |
| CrossHarbor Capital Partners LLC |
| Crow Holdings |
| Dermody Properties |
| Dune Real Estate Partners |
| E.ON SE |
| Elysium Capital Ltd. |
| Emmes Realty Advisors, LLC |
| Encore Capital Management |
| EQT Partners |
| Equus Capital Partners, Ltd. |
| Erie Insurance Group |
| Evercore |
| EverWest Real Estate Investors |
| Fairfield Residential, LLC |
| FCP |
| First Washington Realty, Inc. |
| Florida State Board of Administration (FSBA) |
| FPA Multifamily LLC |
| Frogmore |
| G3 Ventures |
| Garrison Investment Group LP |
| Gaw Capital Partners |
| GEM Realty Capital |
| Gemini Rosemont Commercial Real Estate |
| Gordon & Betty Moore Foundation |
| Green Mesa Capital, LLC |
| Green Street Advisors |
| Griffis Residential |
| Hamilton Lane |
| Hanover Real Estate Investor LLC |
| Harding University |
| Harrison Street |
| Hart Realty Advisers |
| Heitman |
| Hillcrest Finance LLC |
| Hines |
| Hodes Weill & Associates |
| Illinois Public Pension Fund Association |
| Invesco Real Estate |
| J.P. Morgan Asset Management Global Real Assets |
| Jamestown, L.P. |
| Japan Post Bank |
| JCFOC |
| JLL |
| Juniper Square |
| K4 Real Estate Group |
| KKR |
| L&B Realty Advisors, LLP |
| Landmark Partners |
| LaSalle Investment Management |
| Lazard |
| LendLease |
| Lincoln Advisors |
| Lionstone Investments |
| LMC Investments |
| Lockheed Martin Investment Management Company |
| Los Angeles Fire & Police Pensions (LAFPP) |
| Lubert-Adler Partners, L.P. |
| M-M Properties |
| M&G Investments |
| Mack Real Estate Group (Inv. Man.) |
| Madison International Realty |
| Madison Marquette |
| Madison Realty Capital |
| Madsen Advisors, LLC |
| Manulife |
| Marquette Associates, Inc. |
| Mayo Clinic |
| Meadow Partners |
| Meiji Yasuda America Incorporated |
| Meketa Investment Group Inc |
| Mesa West Capital |
| MetLife Investment Management |
| Meyer Bergman |
| Milestone Group LLC |
| Milwaukee Employees Retirement System |
| Mitsubishi UFJ Lease & Finance Co., Ltd. |
| MLC Asset Management |
| Mosser Capital |
| MUFG |
| MultiGreen Properties, LLC |
| National Association of Real Estate Investment Managers (NAREIM) |
| National Investment Center for the Seniors Housing & Care Industries (NIC) |
| National Real Estate Advisors, LLC |
| Nationwide Insurance Co. |
| NEPC, LLC |
| New York Life Real Estate Investors |
| New York State Common Retirement Fund |
| Newport Capital Partners |
| Niam AB |
| North Carolina Retirement Systems |
| Nuveen Real Estate |
| Oak Street Real Estate Capital |
| Oregon State Treasury |
| Paladin Realty Partners, LLC |
| Park Madison Partners, LLC |
| PCCP, LLC |
| Pennsylvania State Employees’ Retirement System |
| Pension Boards United Church of Christ, Inc., The |
| Pentegra Retirement Services (Financial Institutions Retirement Fund) |
| PGGM Investments |
| PGIM Real Estate |
| Presima Inc. |
| Prime Finance Partners |
| Principal Real Estate Investors |
| Prologis |
| Prudential Financial |
| Quilvest and Partners France |
| Quilvest Usa, Inc. |
| Real Estate Fiduciary Services, LLC |
| RealFoundations |
| Realterm |
| Rialto Capital Management |
| RICS |
| Rising Realty Partners |
| Robert Charles Lesser & Co. (RCLCO) |
| Rockbridge |
| Rockpoint Group, LLC |
| Rockwood Capital |
| Rotary International |
| RSM |
| RVK, Inc. |
| Sack Properties |
| Samsung Fire & Marine Insurance |
| San Joaquin County Employees Retirement Association (SJCERA) |
| SDSU Research Foundation |
| Sentinel Real Estate Corporation |
| Sentinel Trust Company |
| Seritage Growth Properties |
| SharpVue Capital |
| Shine Associates |
| Springbok Investment Partners, Family Office |
| Square Mile Capital Management LLC |
| State of Michigan Retirement Systems |
| State of Wisconsin Investment Board |
| State Street Global Advisors (SSGA) – Pension Fund |
| StepStone Group Real Estate LP |
| Sterling Organization |
| Strada Investment Group |
| Sundial Park Group |
| T5 Equity Partners |
| Teacher Retirement System of Texas |
| Tennessee Consolidated Retirement System, The |
| Texas Christian University |
| Texas Municipal Retirement System |
| The Davis Companies |
| The Praedium Group |
| The Townsend Group, an Aon Company |
| The World Bank Pension Fund |
| Tishman Speyer |
| Torchlight Investors |
| TPG |
| Transwestern Development Company |
| Transwestern Investment Group |
| Tricon Capital Group |
| Tristan Capital Partners |
| Triton Pacific Capital, LLC |
| UBS Realty Investors |
| University of Chicago Endowment |
| University of Chicago Graduate School of Business |
| University of Texas Investment Management Co. (UTIMCO) |
| University of Wisconsin Foundation |
| UPS Group Trust |
| USAA Real Estate |
| Utah State Retirement System (URS) |
| Vanbarton Group LLC |
| Virginia Retirement System |
| Waterton |
| Wells Fargo & Company |
| Western National Group |
| Wheelock Street Capital |
| White Oak Partners |
| Willett Advisors LLC |
| Wilshire Associates Incorporated |
| Zisler Capital Associates |
