DENVER-Glenn Mueller, investment strategist for Legg Mason'sreal estate securities, predicts the current real estate downturnwill be short-lived. Mueller was keynote speaker at the recent Expo2001 Rocky Mountain Commercial Real Estate and University of DenverEconomic Forecast.

During the next decade, the real estate cycle will benefit fromnational population growth of 2.4 million people per year.

To put that into perspective, that is the equivalent of adding anew Denver metro area every year.

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