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To: Sarmad Y. Hermiz who wrote (124660)	5/6/2001 1:36:46 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

>it would be through REITs which pay dividends. Sarmad, if you decide to buy REITS. Buy Pan Pacific (PNP). Trust me. Btw It will bore you to death if you choose to watch their stock price on a daily basis. >About Pan Pacific Retail Properties Pan Pacific Retail Properties Inc. is an equity real estate investment trust (REIT) traded on the New York Stock Exchange under the symbol PNP. As of Dec. 31, 2000 Pan Pacific was the largest publicly-held West Coast neighborhood shopping center REIT with a portfolio of 110 shopping centers which was 96.5% leased to 2,253 tenants. The portfolio is diversified across five Western U.S. markets: Northern California, Southern California, Washington, Oregon and Nevada.