J. RUSSELL PITTO           Chairman MIKE KIM           Chief Investment Officer CURT SETZER           Principal MIKE WALSH           Senior Vice President DEBRA BRIGGS           CFO/Controller BARBARA MONDANI WELLS           Vice President J. RUSSELL PITTO, Chairman Mr. Pitto formed SIMEON in 1984. Since SIMEON's founding, Mr. Pitto has successfully deployed over $1.5B of institutional capital across a broad spectrum of real estate assets. Under his leadership, SIMEON has developed over 4M SF of office, bio-tech, retail, and R&D projects. SIMEON's Principals have master planned and developed numerous communities consisting of 11,500 finished lots and is currently developing 2 high-rise multifamily projects, one in San Francisco and the other in Silicon Valley. Over the years Mr. Pitto has cultivated strong institutional capital relationships, both on the equity and debt side. He was one of the earliest pioneers of merchant build, development venture structures commonly used in the real estate private equity world today. Mr. Pitto has worked tirelessly in firmly establishing SIMEON as one of the premier private real estate development and investment firms in Northern California. Prior to SIMEON, Mr. Pitto practiced law in San Jose for 13 years and was one of the founding partners of Humphreys, Berger and Pitto, a firm dedicated to business, commercial, and real estate law. Mr. Pitto currently serves as a Trustee for the University of San Francisco and is the Vice Chair of the Facilities and Planning Committee. He also sits on the Academic Affairs Committee. Most recently, Mr. Pitto served on the Board of Mercy Housing of California for 10 years, the last 4 years as its Chairman. Mr. Pitto also served on the Advisory Board of Institute of International Education. Mr. Pitto is an active member of Urban Land Institute. J. Russell Pitto received a B.A. from the University of San Francisco and a J.D. from Golden Gate University of Law. MIKE KIM, Chief Investment Officer Mr. Kim joined SIMEON in 2008 bringing with him high density residential, mixed-use development experience. Mr. Kim began his real estate development career with Pulte Homes (NYSE:PHM), working with their Urban Group where he performed acquisition, entitlement and land development work. After Pulte, Mr. Kim joined BRE Properties (NYSE:BRE) in San Francisco as the firms Director of Acquisitions where he was responsible for sourcing, negotiating, underwriting and developing mixed-use projects in the San Francisco Bay Area and Seattle Metro regions. While at BRE, Mr. Kim contributed significantly to the firms $2B+ development pipeline which stands among the largest in the industry. At SIMEON, he is currently overseeing $250M multi-family development pipeline. Prior to his career in real estate, Mr. Kim served the nation as a Naval Officer for 7 years leading maritime missions and expeditions in Europe, Middle East, South America, and the Far East. Mr. Kim currently serves on a TOD urban planning committee and Chairs the 3rd District U.S. Naval Academy Congressional Nomination Board. Most recently Mr. Kim served on the board of NAIOP San Francisco. Mr. Kim received his B.S. in Political Science with concentration in General Engineering from the U.S. Naval Academy at Annapolis and his Master's Degree in Planning and Development from the University of Southern California. CURT SETZER, Principal Mr. Setzer first joined SIMEON in 1997 and is a 30 year veteran of the commercial real estate industry. Mr. Setzer brings a broad spectrum of experience and his responsibilities at SIMEON include acquisition, disposition, leasing, and asset management of commercial properties. Mr. Setzer began his real estate career as an office leasing broker with Cushman & Wakefield. After Cushman & Wakefield, he spent the next decade developing, leasing and asset managing office and industrial properties for Bedford Properties and Paragon Group in Northern California and San Diego. Subsequently, Mr. Setzer became Senior Vice President at Maier Siebel Baber where he directed all acquisitions, dispositions and financings for all office properties owned and/or managed by Maier Siebel Baber throughout the Western United States. During this time, he was additionally responsible for the asset management division of the firm overseeing a multi-state office portfolio of approximately 30 buildings totaling more than 4M SF. Mr. Setzer received his B.A from the University of California at Berkeley with concentration in Business Administration and Political Science. MIKE WALSH, Vice President, Construction & Development Mr. Walsh joined SIMEON in 2012 to oversee the firm's Construction and Development work. His construction and real estate development experience spans over 40 years. At SIMEON he is overseeing the building of a 630,000 SF, 347 Unit, 21 Story Apartment Tower in San Jose; a 145,000 SF, 74 Unit, 9 Story, Condo Building in San Francisco, and a Multi-Tenant Retail Center in Hayward. Prior to joining SIMEON, Mr. Walsh was Director of Development with AGI Capital/Avant Housing and responsible for the development of 1,100 multi-family units in San Francisco and 400,000 SF self-storage projects throughout the Bay Area. Mr. Walsh started his career after college constructing Nuclear Power Plants and Hydroelectric Dams. He was the Project Manager for several hospital and bio-tech buildings, most notably a major hospital in San Jose and the Heart Research Facility at Stanford University. He owned and ran a General Contracting company in Silicon Valley, Walsh Construction, for 18 years constructing retail centers, office buildings, education and medical facilities. Mr. Walsh received his B.S. degree in Civil Engineering from the University of Santa Clara. He is licensed in the State of California in Civil Engineering, Construction and Real Estate. DEBRA BRIGGS, CFO/Controller Ms. Briggs joined SIMEON in 1988 and brings 35 years of comprehensive expertise in development, construction and property management accounting. Ms. Briggs and her staff oversee all of SIMEON's accounting, institutional/investment reporting, banking, entity formations and consolidations, loan processing, corporate budget, audit and tax management functions. Additionally, Ms. Briggs manages a team of third party CPAs, lenders, title companies, and legal associates for purchase, sale and refinance of all of SIMEON's projects. Prior to joining SIMEON, Ms. Briggs worked for 10 years as an Accounting Manager for a San Francisco based commercial general contractor/developer. Before that she held accounting and finance positions for subcontractor companies in San Francisco. Ms. Briggs received her B.A. Management from California State University, Chico. She completed graduate level courses in finance and accounting from Golden Gate University in San Francisco in addition to various CPE accredited courses and certifications. Ms. Briggs has been a registered California Notary Public since 1993. BARBARA MONDANI WELLS, Vice President, Property Management Ms. Wells joined SIMEON in 1997 and has over 30 years of property management experience in Northern California. At SIMEON, Ms. Wells and her staff has property managed various office, life science, R&D/Flex and retail portfolios totaling over 3M SF, including 633,000 SF in Marin County. Additionally, Ms. Wells has extensive experience in budgeting, tenant improvement, risk management, leasing, operating expense management and tenant relations. Prior to joining SIMEON, Ms. Wells worked for Insignia Commercial Group, Inc., where she was responsible for all aspects of property management for various institutions such as Archon Group, Metropolitan Life, and PM Realty Advisors totaling over 450,000 SF. Before joining Insignia, Ms. Wells managed multiple office properties in San Mateo for Prometheus Real Estate Group. Ms. Wells attended California State University, Sacramento and holds the RPA designation.