X0101 4 2003-06-27 0 0000037008 FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS FUR 0001067815 GOTHAM PARNERS III L P 0 0 0 1 Former 10% Owner 0001251929 KARENINA CORP 0 0 0 1 Former 10% Owner 0001251930 DPB CORP 0 0 0 1 Former 10% Owner 0001251931 GOTHAM HOLDINGS II LLC 0 0 0 1 Former 10% Owner 0001178174 GOTHAM PARTNERS INTERNATIONAL LTD 0 0 0 1 Former 10% Owner 0001078726 GOTHAM INTERNATIONAL ADVISORS LLC 0 0 0 1 Former 10% Owner 0001056509 SECTION H PARTNERS L P 0 0 0 1 Fomer 10% Owner 0001113658 GOTHAM HOLDINGS MANAGEMENT LLC 0 0 0 1 Former 10% Owner 0001056513 ACKMAN WILLIAM A 0 0 0 1 Former 10% Owner 0001056511 BERKOWITZ DAVID P 0 0 0 1 Former 10% Owner Shares of Beneficial Interest 2003-06-27 2003-06-27 4 S 0 5841233 1.90 D 0 I (1) Amount reported includes (a) 2,873,158 shares held by Gotham Partners, LP ("Gotham"), (b) 2,431,664 shares held by Gotham International Advisors, LLC ("Gotham International"), (c) 58,448 shares held by Gotham Partners III, LP ("Gotham III"), and (d) 477,963 shares held by Gotham Holdings II LLC ("Holdings II"). The general partner of Gotham and Gotham III is Section H Partners, LP ("Section H"). The general partner of Section H is Karenina Corporation ("Karenina") and DPB Corporation ("DBP"). The president of Karenina is William A. Ackman, and the president of DPB is David P. Berkowitz. Ackman is the senior managing member of Gotham International and Gotham Holdings Management, LLC, which is the manager of Holdings II. William A. Ackman, on behalf of Gotham Partners III, LP 2003-07-02 William Ackman, on behalf of Gotham Partners International, Ltd 2003-07-02 William Ackman, on behalf of Gotham International Advisors, LLC 2003-07-02 William Ackman, on behalf of Section H Partners, LP 2003-07-02 William Ackman, on behalf of Gotham Holdings Management LLC 2003-07-02 William Ackman 2003-07-02 William Ackman, on behalf of Karenina Corporation 2003-07-02 William Ackman, on behalf of Gotham Holdings II, LLC 2003-07-02 David P. Berkowitz 2003-07-02 David P. Berkowtiz, on behalf of DPB Corporation 2003-07-02