(12/31/2008)

Lead- and Co-Managers of Unsecured Notes Issued by REITs in 2008

   

2008
Issuance
($Mil.)

No. of
Deals

Market
Share
(%)

2007
Issuance
($Mil.)

No. of
Deals

Market
Share
(%)

'07-'08
% Chg.

1

Citigroup

$2,850.0

4

81.4

$2,550.0

8

27.3

11.8

2

Bank of America

2,575.0

4

73.6

6,650.0

16

71.1

-61.3

3

Scotia Capital

2,425.0

4

69.3

1,650.0

3

17.6

47.0

4

Piper Jaffray

2,100.0

3

60.0

2,400.0

7

25.7

-12.5

4

Deutsche Bank

2,100.0

3

60.0

2,050.0

5

21.9

2.4

4

Goldman Sachs

2,100.0

3

60.0

1,050.0

1

11.2

100.0

7

Daiwa

1,500.0

2

42.9

400.0

1

4.3

275.0

7

ING Financial

1,500.0

2

42.9

0.0

0

0.0

 

9

J.P. Morgan

1,075.0

2

30.7

4,100.0

11

43.9

-73.8

10

Wachovia

925.0

2

26.4

5,200.0

16

55.6

-82.2

11

UBS

600.0

1

17.1

4,500.0

11

48.1

-86.7

11

RBS Greenwich

600.0

1

17.1

3,100.0

8

33.2

-80.6

11

Barclays

600.0

1

17.1

600.0

1

6.4

0.0

11

Lehman Brothers

600.0

1

17.1

500.0

1

5.3

20.0

15

Morgan Stanley

325.0

1

9.3

3,100.0

10

33.2

-89.5

 

OTHERS

0.0

0

0.0

38,350.0

120

410.2

-100.0

 

TOTAL

3,500.0

6

100.0

9,350.0

24

100.0

-62.6


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