NREI_INSTITUTIONAL OUTLOOK_ Penton Media July 23, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/nrei/v/717 ONLINE EXCLUSIVE --Real Estate Execs Stung By Big Compensation Declines By Ben Johnson When it comes to executive pay, corporate compensation committees have become downright stingy after publicly traded real estate firms racked up anemic earnings and stock appreciation in 2008. According to a new research study, real estate executives saw their total compensation -- which includes base salary, annual incentive/cash bonus and the long-term value of stock awards -- decrease for the first time in the past seven years. And not by a little, but by 19%. To view the full article go to: http://nreionline.com/finance/news/big_compensation_declines_0723/ CAPITAL TRENDS --Has the Market Overly Penalized CMBS? By David Lynn, Ph.D. Editor's Note: A new column, "Capital Trends," makes its debut this month. Written by David Lynn, an institutional real estate investor, strategist and portfolio manager, the column will analyze trends and issues with a heavy emphasis on research. Lynn serves as managing director and head of the research and investment strategy group at ING Clarion Partners. Look for his column to appear monthly. The credit crunch effectively ended a period characterized by the availability of abundant, inexpensive commercial real estate debt. Anxiety regarding residential mortgage-backed securities (RMBS), which spiked in the wake of growing subprime foreclosures, spilled over to affect commercial lending. To view the full article go to: http://nreionline.com/finance/news/overly_penalized_cmbs_0723/ INSTITUTIONAL TIDBITS --Khourie Becomes President of CB Richard Ellis Investors Staff report CB Richard Ellis Investors has chosen Matt Khourie as its new president in charge of day-to-day management, reporting to CEO Vance Maddocks. Khourie joins CBRE Investors from Trammell Crow Co. (TCC), CB Richard Ellis Group's development subsidiary, where he was part of the leadership team that set the firm's investment and development strategies. He joined TCC in 1980 and recently was president of development and investment for the Southeast United States. To view the full article go to: http://nreionline.com/finance/news/khourie_becomes_president_0723/ --Stahlke Leaves Retirement to Guide Lane Acquisitions Staff report Multifamily real estate firm Lane Co., based in Atlanta, has named Bill Stahlke president of investments at Lane Strategic Investment, LLC. His responsibilities include developing Lane's acquisition strategy and overseeing its acquisitions. Lane Co.'s primary equity partner is Lubert-Adler Partners, L.P. The firms announced earlier this year that Lubert-Adler will provide $250 million for the acquisition, rehabilitation and repositioning of distressed properties, or properties held by distressed sellers. 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