Battered-Down--and Bargains NAME INVESTMENTS BAY APARTMENT COMMUNITIES Northern Calif. apartments CARRAMERICA REALTY CORP. Suburban offices HIGHWOODS PROPERTIES Suburban office, industrial MACK-CALI REALTY CORP. Northeast, southwest offices SECURITY CAPITAL PAC. TRUST Apartments in western U.S. SL GREEN REALTY CORP. Midtown Manhattan offices SUNSTONE HOTEL INVESTORS Upscale hotels in western U.S. VORNADO REALTY TRUST Shopping centers, industrial NAME STOCK PRICE* CHANGE FROM 52-WK. HIGH (%) BAY APARTMENT COMMUNITIES 36 15/16 -9.1% CARRAMERICA REALTY CORP. 27 15/16 -16.4 HIGHWOODS PROPERTIES 32 3/16 -13.4 MACK-CALI REALTY CORP. 36 1/4 -15.7 SECURITY CAPITAL PAC. TRUST 22 1/2 -10.4 SL GREEN REALTY CORP. 22 9/16 -19.4 SUNSTONE HOTEL INVESTORS 14 3/8 -21.0 VORNADO REALTY TRUST 38 3/8 -23.0 *As of June 1 DATA: BW MONEY MANAGERS SURVEY RELATED ITEMS THE SEARCH FOR VALUE COVER IMAGE: Where to Invest STOCKS TABLE: Big and Cheap CHART: Large-Cap Stocks Lead the Way `I LOVE TO BUY A GROWTH VEHICLE THAT HAS BEEN BEATEN UP' (extended) MERGERS TABLE: Consolidation Plays `IT'S LIKE SHOOTING FISH IN A BARREL' TECHNOLOGY BIOTECH TABLE: Some Smart Buys SHORTS REAL ESTATE GLOBAL BONDS MUTUAL-FUNDS 401(k)s INVESTOR POLL INSIDE WALL STREET: REEBOK INSIDE WALL STREET: GENERAL MILLS INSIDE WALL STREET: ADVANCED HEALTH Return to main story

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