Institutional Shareholder Services is based in Rockville, MD and advises several hundred institutions, pension funds and money managers on voting in contested situations. According to the committee, ISS has found that "UIRT's stock price has floundered considerably since its initial public offering and shareholders clearly have not shared in the run up of stocks that comprise the company's peer group indices." ISS also concludes that management has offered no other strategies for increasing share value other than to propose the company's sale. ISS feels the company's tardiness to enlist investment banker services, which didn't occur until the shareholders' litigation, brings "some question as to the independence of the current board and its commitment to affect a sale of the company."

ISS found all of the board candidates nominated by the challenging committee to be experienced and independent. ISS condemns the company's current by-laws that "essentially provide a board of nominees or groups of nominees a decided advantage over remaining nominees."

ISS and the committee are advising shareholders to vote a green proxy card at the May 30 shareholders' meeting. David Glatstein, a committee member and nominee, says "we believe that the ringing endorsement from the independent and prominent advisory firm, ISS, is further evidence point to removal of the existing trust managers and amendment of Section 3.3 of the by-laws. Time is short, we hope and believe that fellow stockholders will follow ISS's recommendations and vote the green proxy card in favor of the committee's proposals.