JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each
of them of a statement on Schedule 13G (including amendments thereto) with
respect to the Common Stock of American Real Estate Investment Corporation
and further agree that this agreement be included as an exhibit to such
filing. Each party to the agreement expressly authorizes each other party to
file on its behalf any and all amendments to such statement. Each party to
this agreement agrees that this joint filing agreement may be signed in
counterparts.
In evidence whereof, the undersigned have caused this Agreement to be
executed on their behalf this 31st day of December, 1998.
AEW Capital Management, L.P.
By: AEW Capital Management, Inc.,
its general partner
By: /s/ J. Xxxxx Xxxxxxx
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Name: J. Xxxxx Xxxxxxx
Title: Vice President
AEW Capital Management, Inc.
By: /s/ J. Xxxxx Xxxxxxx
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Name: J. Xxxxx Xxxxxxx
Title: Vice President
AEW TSF, L.L.C.
By: AEW TSF, Inc., its managing member
By: /s/ J. Xxxxx Xxxxxxx
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Name: J. Xxxxx Xxxxxxx
Title: Vice President
AEW TSF, Inc.
By: /s/ J. Xxxxx Xxxxxxx
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Name: J. Xxxxx Xxxxxxx
Title: Vice President
AEW Targeted Securities Fund, L.P.
By: AEW TSF, L.L.C., its
general partner
By: AEW TSF, Inc., its managing
member
/s/ J. Xxxxx Xxxxxxx
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Name: J. Xxxxx Xxxxxxx
Title: Vice President