Principals Charles Schwartz Acquisitions/Dispositions/ Joint Ventures cschwartz@avantiprop.com Principal of Avanti; investor/developer in land and real estate in over 25 metropolitan areas; previous experience includes development of single- and multi-family residential, industrial, retail, and office properties (over 40 years in real estate); BComm Sir George Williams University. Donald Loeb Finance/Administration/ Portfolio Management dloeb@avantiprop.com Principal of Avanti; investor/developer in land and real estate in over 25 metropolitan areas; previously investor in real estate for family-controlled companies plus extensive venture capital experience (over 35 years in real estate); LLB Osgoode Hall, York University; HBA The Ivey School, University of Western Ontario. JoAnn Hanson Investor Relations/ Portfolio Management jhanson@avantiprop.com Principal of Avanti; previously Managing Director of the real estate subsidiary of Lazard Freres & Co. and a Senior Real Estate Acquisitions Officer/Investor Contact for J.P. Morgan Investment Management, Inc. (30 years in real estate, 19 with Avanti); MBA The Wharton School, University of Pennsylvania; BA Yale University. Marvin Shapiro Aquisitions/Dispositions/ Joint Ventures mshapiro@avantiprop.com Principal of Avanti; previously VP of Chemical Bank responsible for real estate finance for the southeastern US, including acquisition and development financing as well as construction loans (26 years in real estate, 19 with Avanti); MBA New York University; BA University of Michigan. Key Professionals Andrew J. Dubill Vice President, Investments adubill@avantiprop.com Mr. Dubill assists with the acquisition, management, and divestiture of properties. Previously, an associate at the law firm of Kirkpatrick & Lockhart Nicholson Graham (now known as K&L Gates), representing broker-dealers, investment advisors, and individual registered representatives in investigations conducted by the U.S. Department of Justice and the SEC. Also served on the faculty of the University of Virginia's Miller Center of Public Affairs as Staff Director of the National War Powers Commission, co-chaired by former Secretaries of State James Baker and Warren Christopher. A member of the bars of the District of Columbia, New Jersey, and Virginia (associate); A.B., Princeton University (magna cum laude), 1996; J.D., University of Virginia School of Law, 2001. Dawn S. Rosen Vice President, Finance drosen@avantiprop.com Responsible for Avanti’s financial and administrative functions, including financial analysis, reporting, control, and compliance (20 years in real estate, all with Avanti); Certified Management Accountant; BBA Mount Saint Vincent University. Andrea Shapiro Vice President Asset Management ashapiro@avantiprop.com Responsible for strengthening and broadening Avanti’s knowledge of current market conditions with particular emphasis on development activity within the corridors incorporating Avanti's sites. Previously Director of Real Estate for Harcourt, Inc. (10 years); MBA New York University; BS Eastern Connecticut State University. Patricia VanDerveer Vice President Research and Acquisitions pvanderveer@avantiprop.com Responsible for internal research on macroeconomic and demographic trends in Avanti’s targeted metropolitan areas, as well as for microeconomic research related to property investments. Expertise includes not only real estate market research and analysis but also land use planning (29 years in real estate, 14 with Avanti); MA (City Planning) Georgia Institute of Technology; BA Hollins College. Anne Kabourek Director Asset Management akabourek@avantiprop.com Responsible for land management process, including all maintenance, owners’ associations, and property tax administration; MBA Oakland University; BA University of Michigan.