EFTA Document EFTA01388640

9 Appendix 2: Real Estate Target Markets :Aiff.s. We screened top U.S. metros. which represent 86% of the NCREIF Property Index (NPI), and identified the investment markets for each property sector that we believe have the best prospects for superior performance during the market cycle or a portion of it. This metro selection is based on property market size, liquidity, growth characteristics, income, historical returns and other factors indicative of future performance. The list of these m