Selected California REITs as of March 31, 1998

Company Name Ticker Symbol Market Cap
(mil)
Property Type
Arden Reality Inc.
Beverly Hills

ARI

$1,700

Office

Bay Apartment Communities
San Jose

BYA

$968

Apartment

BRE Properties, Inc.
San Francisco

BRE

$1,200

Apartment

Burnham Pacific Properties, Inc.
San Diego
BPP $466 Retail
Essex Property Trust, Inc.
Palo Alto
ESS $571 Apartment
Alexander Haagan Properties, Inc.
Manhattan Beach
ACH $317 Retail
Irvine Apartment Communities, Inc.
Newport Beach
IAC $629 Apartment
Kilroy Realty Corporation
El Segundo
KRC $764 Diverse
The Macerich Company, Inc.
Santa Monica
MAC $859 Retail
Pacific Gulf Properties, Inc.
Newport Beach
PAG $458 Diverse
Spieker Properties, Inc.
Menlo Park
SPK $1,766 Diverse