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Michael A. Torres
Principal, Chief Executive Officer


Michael A. Torres is Chief Executive Officer and portfolio
manager. Mr. Torres joined the firm in February 1995. He has
19 years of real estate and securities research experience.
Prior to joining Adelante, Mr. Torres was the Director of Real
Estate Research and a portfolio manager for Wilshire Asset
Management. At Wilshire, he created the Wilshire Real Estate
Securities Index, widely recognized as the industry's
performance benchmark.

Mr. Torres is Chairman of the Board of Directors for the
Adelante Funds. He is a member of the New America Alliance,
the Investors Advisory Council for NAREIT and the Board of
Advisors of the Corporate Governance Center at the School
of Business at Kennesaw State College. He is also a member
of the Board and has been a mentor in the Toigo Foundation's
Mentor Program.

Mr. Torres received a B.A. in Architecture and a M.B.A. from
University of California, Berkeley.