"There were immediate questions for the office sector, as wellas for any travel or tourism impacted sector," NAREIT spokesman JayHyde tells GlobeSt.com. "Lodging REITS have been affected and giventhe questions and attention on those and other sectors, we havesince modified our programming for the annual convention."Specifically, Hyde said that the association will have two generalsessions on the impact of the attacks on the Pentagon and the WorldTrade Center. The morning general session will examine the impacton each major REIT sector, particularly office and lodging. Anafternoon general session will look at impact for the REIT industryoverall. Issues to be discussed, Hyde said, include a potentiallyaltered financing landscape, the situation regarding insurance andits availability, and property security.

NAREIT is going ahead with its conference to return to somesense of normalcy. "While we are mindful of the attack, we wereheeding the call of [President Bush] that it's time for Americansto go back to work," says Hyde. NAREIT is the second major realestate related association to commit to holding its annual meetingin the aftermath of the attacks. The Mortgage Bankers Associationof America has also said it is moving forward with its annualmeeting, October 14 to 17 in Toronto. NAREIT has averaged about1,200 in attendance at its annual meetings, and it will installnewly elected officers including William Sanders, chairman and CEOof Security Capital Group Inc.; first vice chair Steven Roth,chairman and CEO of Vornado Realty Trust; second vice chair DouglasCrocker II, president and CEO of Equity Residential Properties; andtreasurer Hamid Moghadam, president and CEO of AMB Property.

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