INVESTMENT OPERATIONS REAL ESTATE, CONSULTANT, AND OTHER FEES
Real Estate Managers, Advisors & Partners Net Assets Managed at Fair Value Fees

   
Real Estate Advisors Asset Management Fees    
Andrew Miller Capital Advisors 730,715,741.87 2,257,266
Eastern Shopping Center 1,434,256,558.00 8,171,765
Lend Lease 183,481.61 116,250
   
Total Real Estate Advisors Asset    
Management Fees $10,545,281
     
Real Estate Partners Asset Management Fees    
Aetos Capital Asia 362,070.78 616,438
AEW Capital Management 116,395,587.00 987,868
Buchanan Street Advisors, LP 33,863,255.97 341,822
Campbell Group 622,668.33 1,233,058
Capri Capital Management 7,306,850.16 63,894
CIM Urban Fund Gp, LLC 29,489,042.00 2,925,000
CNL Institutional Partners 0.00 120,826
CWP Capital Advisory, LLC 795,942,865.47 5,531,800
DIVCO  (505,577.00) 59,382
General Investment & Development 452,241,064.00 4,049,724
Global Innovation Partners 197,477,407.61 6,250,000
Great Eastern Timber Group 716,350,482.00 2,561,423
Hearthstone Housing Partners 7,730,572.00 1,382,409
Hines National Office Partnership 1,756,848,469.00 6,860,228
Infill Investments 1,974,945.01 31,515
Institutional Housing Partners  275,042,269.00 11,859,826
Johnson/MacFarlane  6,336,670.00 2,074,130
KSC 3,037,731.20 9,629
Kennedy Associates 67,265,857.38 280,446
La Salle  888,562,356.00 5,795,885
Lend Lease (EQK) 158,329,965.00 992,459
MacFarlane/Weyerhaeuser  77,231,297.23 13,837,319
Newland Capital Advisors 141,751,595.07 893,744
Olympic Realty Advisors  65,081,293.78 4,479,484
Pacific Vinyard 20,598,437.15 168,722
Pical  12,622,497.66 137,531
Residential 34,566,493.00 1,435,311
RREEF  1,901,124,777.00 14,232,565
Security Capital International 30,563,518.00 349,439
Shadduck Hammond Sr Housing  27,996,517.16 266,457
SSR 622,706,791.00 2,398,616
UBS Brinson 45,317,582.88 476,672
Wells Fargo Housing Fund  54,806,173.00 3,106,951
Total Real Estate Partners Asset    
Management Fees   95,810,571
     
Real Estate Partners Incentive Fees
-57,172,257
     
Total Real Estate Advisors  & Partners Management & Incentive Fees $49,183,594
     
Incentive Fees AIM Partnership
  1,967,255
     
Internal Mortgage Loan Fees
  2,280,080
Total Real Estate , AIM, & Partners Management & Internal Mortgages   $53,430,929
     
     
Other Investment Consultants 
  Fees
   
Consultant Fees    
Capital Market Risk Advisors   2,623
Hamilton Lane Advisors, Inc.   348,675
KPMG   3,979,642
Pacific Corporate Group, Inc.   393,750
Parent Contract/AIM Vendor Pool, Invest.   5,999
PCA/Ernst & Young Kenneth Leventhal Co.   1,061,291
Pension Consulting Alliance   214,854
Probitas Portfolio Management, LLC   229,000
Project International   31,583
State Street-Private Edge   1,028,000
Strategic Investment Solutions   120,000
Thomas Weisel Partners   129,715
Wilshire Associates   2,197,800
Total Consultant Fees   $9,742,932
     
     
Attorneys & Master Custodian    
     
Christensen   117,250
Covington & Burling   138,500
Cox, Castle & Nicholson, LLP   85,000
Foley & LA   121,500
Goodkind, Labaton, Rudoff & Sucharow   45,000
Grant & Eisenhofer   20,000
Hogan & Hartson   45,000
Investor Responsibility Support Services   25,000
Jones, Day, Reavis & Pogue   620,249
McDonough, Holland, & Allen   437,470
Orrick   493,750
Pillsbury, Madison, Sutro   727,973
Preston, Gates & Ellis   543,750
Paul, Hastings, Janofsky & Walker   300,000
Piper Runick   200,000
State Street Bank and Trust Company    7,329,908
   
Total Attorney & Master Custodian Fees   $11,250,350
     
Total Other Investment Consultants   $20,993,282
     
Incentive Fees AIM Partnership Investment & Corporation Governance Limited Partnerships   $67,364,576
     
Total Investment Expenses   $219,202,504