Aided by the more than 46 percent total return generated by The Rouse Company (NYSE: RSE), the team from Banc of America Securities and RBC Capital Markets' Jay Leupp are leading Real Estate Portfolio's 2004 Stock Challenge. The Banc of America team posted a total return of 24.39 percent, as of Sept. 30. Right on their heels was Leupp with a total return of 18.56 percent.

To see updates of how this year's contest is progressing, log on to www.realestateportfolio.com. The Stock Challenge is for entertainment purposes only, and readers should keep in mind that the selections made are not recommendations to purchase any specific stock.

2004 Real Estate Portfolio Stock Challenge Results through Sept. 30, 2004
Name Company Y-T-D Return	Portfolio
Equity REIT Banc of America Securities Research Team 24.39%	Simon Property Group (SPG) General Growth Properties, Inc. (GGP) The Rouse Company (RSE) Boston Properties, Inc. (BXP) Kilroy Realty Corporation (KRC)
Jay Leupp RBC Capital Management 18.56%	PS Business Parks (PSB) The Mills Corporation (MLS) The Rouse Company (RSE) CBL & Associates Properties (CBL) Catellus Development Corp. (CDX)
Barry Vinocur Realty Stock Review 17.15%	Ventas, Inc. (VTR) Chelsea Property Group, Inc. (CPG) Host Marriott Corporation (HMT) Weingarten Realty Investors (WRI) Trizec Properties (TRZ)
Jay Habermann Credit Suisse First Boston 16.44%	Kimco Realty Corporation (KIM) CBL & Associates Properties, Inc. (CBL) General Growth Properties, Inc. (GGP) Simon Property Group (SPG) Pan Pacific Retail Properties (PNP)
Equity REIT Research Team Stifel Nicolaus 13.84%	National Health Investors (NHI) Equity Inns, Inc. (ENN) Omega Healthcare Investors (OHI) HRPT Properties Trust (HRP) Crescent Real Estate Equities (CEI)
Ray Mathis Standard & Poors's 13.17%	Vornado Realty Trust (VNO) General Growth Properties (GGP) FelCor Lodging Trust Inc. (FCH) Developers Diversified Realty (DDR) Trizec Properties (TRZ)