BOARD OF DIRECTORS

Robert N. Goodman is the Chairman and CEO of The Resmark Companies. The founder of Resmark, Mr. Goodman has an extensive background in the real estate industry, with over 40 years of experience in corporate finance, real estate finance, and asset management.

In the late 1980s and early 1990s Mr. Goodman’s predecessor company was one of the most innovative firms in the United States overseeing strategic repositioning and restructuring of defaulted real estate companies across multiple geographies and product types. During that period (representing bondholders and creditors), he was involved in more than $10 billion of restructurings for real estate companies, including Las Colinas Corporation, Angeles Corporation, Orleans Homebuilders and U.S. Homes, among others. In addition, Mr. Goodman was deeply involved in the initial underwriting and due diligence at the Playa Vista development, representing the interests of ULLICO.

Since establishing Resmark in 1995, he has guided approximately 250 investments comprised of more than 85,000 single-family and multifamily homes/units and lots. Some of Resmark’s clients/partners include Lennar Multifamily Communities, Greystar, Related Companies, Sares Regis, and Taylor Morrison, to name just a few. The company does business in California, the Western United States, Texas, and the D.C./Mid-Atlantic region.

Mr. Goodman has served on the boards of directors of four publicly traded companies, including two REITs. He currently sits on the Advisory Council of the USC Lusk Center for Real Estate, the UCLA Ziman Center for Real Estate Advisory Board, and the National Advisory Council for Israel Bonds. For many years, he was on the boards of the Los Angeles Police Foundation, City of Hope National Medical Center (including two years as Chairman of the Beckman Research Institute), Bet Tzedek Legal Services, and Oakwood School (an independent K-12 school in North Hollywood, California).

Chief Capital Officer, Dermody Properties

Ms. Briscoe possesses over 30 years of experience in the institutional real estate investment management business. She currently serves as Chief Capital Officer of Dermody Properties, an industrial real estate investment, development and management firm, where she is responsible for the company’s capital strategy and execution.

Prior to joining Dermody Properties, Ms. Briscoe held senior consulting and management positions at a number of real estate investment companies, including Arixa Capital, Cordia Capital Management, LLC, Crosswater Realty Advisors, IDS Real Estate Group, Buchanan Street Partners and Lowe Enterprises.

Ms. Briscoe holds a Bachelor of Arts from Dartmouth College and an MBA from Harvard University. She is a council member of the Urban Land Institute, an Editorial Advisory board member for Institutional Real Estate, Inc., a member of PREA and its Capital Markets Affinity Group, and a member of AFIRE, NAIOP, and the National Association of Real Estate Investment Managers. She is also a member of the National Association of Corporate Directors.

Attorney at Law (Independent)

Mr. Licht is an attorney with the Licht & Licht Corporation, based in Los Angeles, where he specializes in business transactions and corporate law. He has served as a director of two public companies, Medco Containment Services and Synetic, as well as numerous private corporations. In 2000, he was appointed by the Governor of the State of California to serve as a commissioner of the California Horse Racing Board.

Since 1994, he has served as a director of the West San Gabriel Valley Boys & Girls Club, and has served as its President since 1997. Mr. Licht also served as a director of the City of Hope National Medical Center, a position he held from 1988 to 1994. He earned a Bachelor of Arts in History from Stanford University and a Juris Doctorate degree from the University of California, Hastings College of Law.

Independent Investor & Vice Chairman, Board of Directors

Mr. Pianko is an independent investor based in Los Angeles. Most recently, he served as the Chief Financial Officer for Oakwood School, an independent K-12 school in Southern California. He was Resmark’s CFO from 2005 to 2010, after serving as a consultant to numerous clients, including Resmark, throughout 2003 and 2004.

From 1988 to 2002, he served as Chief Financial Officer and Chief Operating Officer for Warner/Chappell Music (WCM). As the music publishing subsidiary of Time Warner, Inc., WCM generated annual revenues in excess of $500 million and had operations in 25 countries with 1,000 employees. From 1974 to 1988, Mr. Pianko rose to Audit Partner with Arthur Young & Company (predecessor to Ernst & Young), where his client emphasis was in real estate and entertainment. He received a Bachelor of Science in Accounting from the University of Hartford and is a licensed certified public accountant in the State of New York.

Executive Vice President and Chairman, JPMorgan Chase Real Estate Council
JPMorgan Chase

Mr. Ross is widely recognized for his accomplishments in real estate and finance over the last five-plus decades. He currently serves as Executive Vice President and Chairman of the Real Estate Council at JPMorgan Chase. Mr. Ross joined the bank in 2004.

Prior thereto, he held the position of Executive Vice President and Chief Credit Officer at CitiGroup, where he was responsible for Consumer and Middle Market Credit Policy and Real Estate. Mr. Ross’ career tenure also includes posts with Travelers Group/Primerica and Chemical Bank.

In addition to serving on The Resmark Companies’ Board of Directors, Mr. Ross is a member of the firm’s Investment Committee. He currently sits on the board of the Fordham Law School Alumni Association, which he formerly served as president. Previously, Mr. Ross held positions on the boards of Saint Vincent’s Hospital Westchester (Harrison, New York), Georgetown Preparatory School (Bethesda, Maryland) and Saint Michael’s College (Colchester, Vermont).

Mr. Ross is a graduate of Georgetown University and holds a Juris Doctor from Fordham University School of Law.