Market Commentary RealtyRates.com™ Investor Survey Cap Rate Indices Decrease For Most Property Types During 4th Quarter 2009 Consistent with a 19 basis point decline in Treasury rates to which most commercial mortgage interest rates are indexed, the RealtyRates.comTM Investor Survey Weighted Composite (Cap Rate) Index™ decreased four basis points, from 10.03% to 9.99% during the 4th Quarter of 2009. All property sectors surveyed except Office, Retail and Self Storage recorded quarter-over-quarter index decreases with the greatest recorded by the Apartment, Golf and Special purpose sectors, all down eight basis points from the previous quarter. Meanwhile, the Office sector was unchanged from the previous quarter, while the Retail and Self Storage sectors rose one and two basis points, respectively. The indicated decline in the Weighted Composite (Cap Rate) Index™ and most individual property sectors can in no way be construed as a sign of market recovery, as the cited decreases were more than offset by relatively larger declines in net operating income across virtually all markets and property types nationwide.