Appraisal Institute Selects PropertyFirst to Develop and Host First-Ever Online Database of Appraiser-Verified Commercial Real Estate Sales, Lease and

Business/Real Estate Editors

CHICAGO & LOS ANGELES--(BUSINESS WIRE)--Sept. 20, 2000

Facilitating More Efficient Pricing, Benchmarking and

Decision-Making by Real Estate Professionals Nationwide

The Appraisal Institute and PropertyFirst.com, Inc. today announced an exclusive 11-year arrangement under which PropertyFirst.com will develop and host the Appraisal Institute Commercial Database, the first-ever online databank of appraiser-verified commercial real estate information. Set to launch early in the first quarter of 2001, the foundation of this new service will be appraiser-verified sale, lease and operating expense data for commercial properties across the country. Appraisal Institute members will provide content for the national database, utilizing Appraisal Institute-approved methods and standards. The data will be available to all commercial real estate investment, finance and leasing professionals via the Internet.

The geographic reach and scope of the Appraisal Institute Commercial Database will move the market from a patchwork approach of gathering and sharing comparable information to a streamlined, efficient system with data verified by the leading sources of appraisal information. No other service provides appraiser-verified data on a national level, combining comparable sales, actual leases and operating expenses. "Bits and pieces of market data are available everywhere, but what's missing is a comprehensive single source of high quality, up-to-date, verified commercial property data," said Woodward S. Hanson, MAI, president of the Appraisal Institute. "Our members have the best quality information available anywhere. It's our responsibility to demonstrate leadership by developing the Appraisal Institute Commercial Database to fill the current void."

"With this national database, our members will be even better equipped to develop valuation reports, trending analytics and other products consistent with their skill set, and the commercial real estate community overall will benefit from timely, firsthand access to the best quality information available anywhere."

Hanson said the Appraisal Institute's 40-member board of directors unanimously selected PropertyFirst.com as the platform and developer of the new database. "With their expertise in commercial real estate, software development and database management, PropertyFirst.com was a natural to execute this important project for us," Hanson said. "They appreciate the value of high quality information, shared widely, and of using technology to enable the real estate community to operate more efficiently and productively."

"The Appraisal Institute Commercial Database will transform the market for commercial real estate data," said John Stanfill, president and CEO of PropertyFirst.com. "At long last, verified commercial property sales and lease information and other critical data will be available to the real estate industry and be easily accessible online. Commercial property pricing will become even more efficient, investment and leasing decisions will be better and faster, and everyone who needs it will have fast access to the best data. This is another way the Internet will bring increased efficiency to the commercial real estate industry."

Stanfill said industry studies have shown that commercial real estate professionals often spend up to 40% of their time in data research and collection efforts. Appraisal Institute Commercial Database users -- appraisers, lenders, brokers, owners, investors, tenants, economists, investment bankers and others -- will be able to significantly reduce their data acquisition time and costs as a result of this service. This allows them to devote more time to their core business functions.

PropertyFirst.com estimates that about $300 billion of commercial property is sold in the U.S. annually, with $250 billion of loans initiated every year. Over 300,000 individual commercial properties are listed for sale in the U.S. annually, and there are over 1,000,000 commercial spaces for lease in the U.S. currently.

About the Appraisal Institute

Throughout its 65-year history, the Appraisal Institute, based in Chicago, has been the leader in residential and commercial appraisal education, research, publishing and professional membership designation programs. Its 19,000 members are identified by their experience and knowledge of real estate valuation and counseling, and adhere to a strictly enforced code of professional ethics and standards of professional appraisal practice. The Appraisal Institute is a recognized leader in valuation technology and has established a national database for residential properties (www.airdport.com). The Appraisal Institute is participating in the creation of a national management company providing valuation and consulting services in both residential and commercial markets.

About PropertyFirst.com

PropertyFirst.com provides a web-based platform and services for commercial real estate professionals, including owners, brokers, investors, lenders, property managers and corporate space users. PropertyFirst.com is dedicated to using technology and its high-level commercial real estate industry knowledge to lower real estate transaction costs, increase industry efficiencies, heighten transaction volume, build relationships and otherwise help its clients operate more efficiently. The company, based in Alhambra, Calif., in Los Angeles County, has strategic alliances with leading commercial real estate services firms such as MortgageRamp.com, CB Richard Ellis, Cushman & Wakefield and Transwestern Commercial Services.

Real Estate Professionals Can Now Search and Map Property Information with New Property Profiles Capability Developed by PropertyInfo and Stewart Re-S

Residential and commercial real estate professionals can now call up, layer picture-quality aerial images, and create tangible property information maps on PropertyInfo.

HOUSTON -- PropertyInfo and Stewart Re-Source have teamed up to enhance PropertyInfo's existing Property Profiles product, incorporating a "click-and-drag" mapping component.

Users such as residential real estate agents and commercial brokers will still be able to search properties by ZIP code, addresses, transaction dates and more, and produce Property Profiles for marketing purposes. The new capability, called "Paint Your Farm," for residential professionals and "LandMap," for commercial professionals, allows use of selection tools such as a rectangle, line, polygon or cursor to do such actions as: * Select all properties within a certain radius that touch a subject property

* Send selected property addresses to mailing labels or download in another format

* Click and measure land area or any other point-to-point distance

* Add text to a created map, convert it to a PDF, and send or save it

"Thanks to the teamwork of our partners in Re-Source, we now have a seamless way of marrying up rich public record data with high-quality aerials and mapping tools," said Cathy Bell, president, PropertyInfo.com. "We've already introduced the enhancement to key Property Profiles clients and have received rave reviews."

"Residential and commercial multiple listing services will find this enhancement an extremely valuable tool for their subscribers," added Bell. "Using it is very easy and intuitive. Any real estate professional can immediately see marketing applications for it as soon as they sit down and view a demo."

The technology that enabled this enhancement, re-source[R], is a site analysis tool used by commercial real estate professionals, including developers, lenders, brokers, insurers and investors.

"The project with PropertyInfo.com has been in the works for several months now," said Kas Ebrahim, president, Stewart Re-Source. "Stewart Re-Source specializes in commercial data solutions and showing clients how they can harness the power of their own data. Coupled with PropertyInfo.com's expertise in residential and commercial property information, customers now have a powerful 'one-two' punch toward getting ahead of their competition."

PropertyInfo and Stewart Re-Source are wholly owned subsidiaries of Stewart Information Services Corp.(NYSE:STC).

About PropertyInfo

As a real estate information provider, PropertyInfo serves the title, realty and lending markets via data access, integrated data applications, and online product distribution through its Web portal, PropertyInfo.com. It provides real estate transaction professionals with the electronic data and integrated applications needed to increase their business efficiency and improve the quality of information used throughout the real estate transaction process. More information about PropertyInfo is available at http://www.propertyinfo.com.

About Stewart Re-Source

Stewart Re-Source Inc. markets the Web-based product, Stewart re-source[R], a site analysis tool used by commercial real estate professionals, including developers, lenders, brokers, insurers and investors. re-source[R] also can be licensed as an application by small-to-medium-sized municipalities to offer access to property information and associated market data as offered by large economic development agencies.

About Stewart

Stewart Information Services Corp. is a customer-centric, technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, mortgage default management solutions, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com.

North Texas Real Estate Information Systems Installs New Data Center At Collocation Solutions

Don Frasier, co-founder and executive vice president of Collocation Solutions, announced today that North Texas Real Estate Information Systems (NTREIS) has completed the migration of their data center to Collocation Solutions' Dallas-based facility.

Jim Harrison, chief executive officer of NTREIS, said that the contract, originally signed in August of 2001, is a result of an internal re-engineering of the company's technology (IT) infrastructure. "We've streamlined and upgraded our legacy dial-up and frame network to a more diverse and accessible IP network, resulting in this new center which we will use to house primary IT systems and offer unmatched connectivity," Harrison said. "Accessibility and maximum up-time are, of course, a top priority for us, and our expectations were met and exceeded by the solutions they custom designed and built into our private data suite in a very short window of time." Harrison added, "In our world, down time translates into 15,000 real estate professionals being cut off from their business. Collocation Solutions helped us minimize that down time in the migration, and is helping us avoid down time as we have shut down the old network."

NTREIS' primary move occurred in November, and remaining portions of the legacy network have gradually been decommissioned as real estate professionals have been moved over to the new infrastructure. "In this case, NTREIS was looking for a high availability, off-premises solution for their primary IP infrastructure, not their back-ups," said Frasier. "However, their concerns are indicative of a trend we see towards higher security, greater demand for network availability and a diversification of risk through multiple data center networks. Disaster recovery and data security have never been more important to the IT professional."

Collocation Solutions is a privately held, build-to-suit telecommunication and data center infrastructure service provider. Founded in 1999, the company was formed to assist telecom companies, Internet service providers (ISP), application service providers (ASP), and enterprise companies in meeting their collocation and data communication needs. Collocation Solutions provides unbundled services in a carrier neutral environment with branded spaces engineered and constructed to the same high standards as large data center applications or switch sites. For more information, visit www.collocationsolutions.com.

Owned by 18 REALTOR associations in the greater Dallas-Fort Worth area, NTREIS maintains the property database for an area over 16,000 square miles with 15,000 subscribers, including 3,000 real estate offices.

Business Wire, Sept 15, 2004

HOUSTON -- The Board of Trustees for AIM Select Real Estate Income Fund (NYSE:RRE), AIM's closed-end real estate fund, has declared its monthly dividends for the fourth quarter of 2004.

A dividend of $0.1030 per share will be paid each month of the fourth quarter of 2004 as follows: For October, the dividend will be payable on Oct. 29, 2004, for fund shareholders of record on Oct. 19, 2004. In November, the dividend will be payable on Nov. 29, 2004, for fund shareholders of record on Nov. 17, 2004. In December, the dividend will be payable on Dec. 30, 2004, for fund shareholders of record on Dec. 17, 2004. Additionally, August portfolio information for AIM Select Real Estate Income Fund is now available upon request. Fund information may be obtained by accessing www.aiminvestments.com/reit, by calling 800-959-4246 or by writing to A I M Management Group Inc., 11 Greenway Plaza, Suite 100, Houston, Texas 77046-1173. Besides the daily pricing and performance data, information for AIM Select Real Estate Income Fund is updated on or about the 15th day of each month.

About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios under the AIM and INVESCO brand names -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans, alternative investments and offshore products. Founded in 1976, AIM Investments had $139 billion in assets under management as of June 30, 2004. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. and is the subject of a pending application for trademark registration. A I M Advisors, Inc., A I M Capital Management, Inc., AIM Private Asset Management, Inc., and AIM Alternative Asset Management Company, Inc. are the investment advisors for the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and Fund Management Company is the distributor for the institutional money market funds represented by AIM Investments.

About INVESCO Institutional

INVESCO Institutional (N.A.), Inc. is the North American institutional division of AMVESCAP PLC. It is registered as an investment adviser with the SEC and subadviser to AIM Select Real Estate Income Fund. Dallas-based INVESCO Real Estate, the real estate division of INVESCO Institutional, commenced operations in 1983 and, together with its affiliates, managed or provided advisory services on more than $19 billion in private real estate and publicly traded real estate securities as of June 30, 2004. For more information, visit www.institutional.invesco.com.

About AMVESCAP

A I M Management Group Inc. is a subsidiary of AMVESCAP PLC (NYSE:AVZ), a leading independent global investment manager dedicated to helping people worldwide build their financial security through a comprehensive array of retail and institutional products for clients in more than 100 countries. AMVESCAP had $372 billion in assets under management as of June 30, 2004. Additional information is available at www.amvescap.com.