THE 2006 NATIONAL

REAL ESTATE CHALLENGE
November 2-3, 2006
Coordinating Host: The UT Real Estate Finance & Investment Center
Challenge Overview:
Teams of graduate students from leading business/real estate schools around the nation
compete in a real estate investment case competition by providing a brief presentation to a
judging panel of real estate professionals from prominent companies.

Lead Corporate Sponsors:
BANK OF AMERICA
CRESCENT REAL ESTATE EQUITIES
GOLDMAN, SACHS & CO.
KEYBANK REAL ESTATE CAPITAL
THE LIONSTONE GROUP

Supporting Sponsors:
Fidelity Real Estate Group
Hines
Macerich Company/Edward Coppola
Prentiss Enterprises

Participating Schools:
Berkeley, Haas School of Business
Chicago Graduate School of Business
Columbia Business School
Cornell University, Program in Real Estate
The Darden School, University of Virginia
Duke University
Harvard Business School
Kellogg School of Management at Northwestern
Michigan Business School
NYU Stern School of Business
Stanford Graduate School of Business
Texas, McCombs School of Business
UCLA Anderson School of Management
UNC Kenan-Flagler Business School
University of Southern California
Wharton School, University of Pennsylvania






Berkeley
University of California at Berkeley
Haas School of Business






Millicent Anglin Moshe Michael Barda





Brian Chuck Juan de Yturbe





Jacob Heitler Joshua Joseph
MILLICENT A. ANGLIN
2100 Channing Way - Apt. 416
Berkeley, CA 94704
(201) 396-3579
millicent_anglin@haas.berkeley.edu


EDUCATION University of California at Berkeley
Walter Haas School of Business
Master of Business Administration, May 2008
• Haas Merit Scholarship; Toigo Foundation Fellowship

New York University
College of Arts and Science
B.A. in Economics and Computer Science, May 2000
• Cumulative GPA 3.54; Graduated Cum Laude; Dean’s Honor List; Scholars
Program; Jackie Robinson Foundation Scholarship
• Alumni Association Board, Regional Committee Member

EXPERIENCE
2003 – 2006 National Equity Fund New York, NY
Asset Manager
• Developed strategies to improve financial performance, management operations and
compliance with affordability restrictions for $168 million housing portfolio.
• Facilitated a $39 million investment in 230 housing units through analyzing
underwriting assumptions and developers’ current properties.
• Provided financial projections to local housing agency to facilitate the disposition of
properties at the end of Low Income Housing Tax Credit compliance periods.
• Convinced partner of $18 million housing portfolio to improve weaknesses in its
property management operations and prepared performance benchmarks to evaluate
progress.
• Presented analysis to the U.S. Department of Housing and Urban Development to
resolve financial and operational concerns regarding a 1,200-unit housing project.

JPMorgan Asset Management New York, NY
2001 – 2003 Associate, Real Estate Investment Group
• Researched tenant credit and analyzed leases to facilitate acquisitions in a $265
million super-regional mall and private REITs totaling $2.5 billion in market value.
• Analyzed sale proceeds and financial returns, reviewed loan documents and
coordinated with real estate broker to sell a $334 million super-regional mall and a
$140 million portfolio of community shopping centers.
• Assisted in interviewing prospective property managers and drafting the property
management agreement for a $60 million retail property.
• Approved leases, prepared and reviewed appraisals, presented asset strategy reviews,
conducted site visits and worked with property managers on operational issues as
asset manager for super-regional malls totaling $615 million in market value.

2000 – 2001 Analyst, Structured Equity Group
• Customized investment reviews of equity portfolios valued at over $50 billion and
contributed to Request-for-Proposals for prospective clients.
• Researched companies held in US Equity portfolios, prepared performance
attribution analyses and evaluated investment guideline compliance.

ADDITIONAL Professional Skills and Certifications: ARGUS, DYNA, Assisted Housing Manager
(Section 8) Compliance Certification and Tax Credit Compliance Certification.




MOSHE MICHAEL BARDA
2299 Piedmont Ave., Apt. #615, Berkeley, CA 94720
(510) 590-6495 barda@haas.berkeley.edu

EDUCATION University of California at Berkeley - Walter Haas School of Business
MBA Candidate with Emphasis in Real Estate and Finance, May 2007
• Vice President - Berkeley Real Estate Club

Tel Aviv University, Israel - Buchman School of Law
A premier, elite Law program in Israel and one of the best worldwide
L.L.B., Bachelor of Law Studies, May 2000
• Awarded Merit-based Law School Scholarship
• Concentration in Real Estate Transactions, Property Laws and Contract Laws

EXPERIENCE iHOMEFINDER, INC. Berkeley, CA
2006 Premium national provider of website solutions for the online real estate industry
Summer Associate – Business Strategy
• Initiated, designed and conducted profile analysis of company's top resellers. Presented data proved
instrumental in firm's decision to pursue a new marketing strategy, improve customer service and postpone
planned product development.
• Recommended alternative pricing schemes and evaluated their impact on profitability and market share.
Company selected new scheme that maximizes long-term profitability.
• Delivered pro-forma analysis for top management to support new business development.
• Received a performance bonus exceeding 20% of total internship compensation in value.

2004-2005 MICHAEL BARDA, LAW OFFICES Tel Aviv, Israel
• Founded private practice that specializes in commercial and real estate law.
• Structured major residential transactions and liquidated mortgaged properties totaling $1.3 million and $7
million, respectively. A rare scope for a young legal entrepreneur in Israel.

2002 – 2004 SADOT & CO., LAW OFFICES Tel Aviv, Israel
Top law firm, renowned for its real estate and commercial law expertise and elite clientele
Advocate and Attorney at Law, Real Estate and Commercial Division Junior Manager
• Led the Commercial Division. Supervised transactions totaling $100 million.
• Oversaw complete, day-to-day handling of complex building, combination, sale and rental transactions.
Analyzed and negotiated all aspects of every contract.
• Managed land rezoning, from the initial planning stage, through monitoring the plan in the approval
proceedings and ending with the registration of consolidation and parcellation proceedings.

1999 – 2002 DAN HAY, BROTFELD & CO., ADVOCATES Tel Aviv, Israel
One of Israel's most unique and best known law firms
Advocate and Attorney at Law
• Negotiated five of the largest transactions ever made in Israeli sports, totaling $10 million. Resulted in
unprecedented income to the office.
• Pro Bono: provided legal counsel to the "Let the Animal Live" movement. Accomplished a passage of a new,
modern bill for the protection of animal's rights.
• Received cumulative salary promotions of 300% based on performance evaluations.

199 6 - 2004 ISRAELI DEFENSE FORCES Israel
Captain, Platoon Commander in the Rescue and Recovery Unit
• Awarded Best Officer for platoon’s consistently high performance (2004).

ADDITIONAL Training: Argus (2006)
Languages: Hebrew and Italian. Authorized to work anywhere within the European Union.
Interests: Certified yacht skipper and an audacious flying trapeze acrobat (for Club Med)
Publishing: Article for firm magazine "Conducting Real Estate Transactions during Times of Strikes"
Brian A. Chuck
1518 Bonita Avenue, Apartment 4
Berkeley, CA 94709
(510) 868-0284
Brian.Chuck@mba.berkeley.edu

EDUCATION University of California at Berkeley Berkeley, CA
Walter A. Haas School of Business
Master of Business Administration Candidate, May 2007
Certificate in Real Estate

Brown University Providence, RI
A.B. in Computer Science and A.B. in Economics, 2000

EXPERIENCE BlackRock Realty Newport Beach, CA
Summer 2006 Summer Associate, Acquisitions
• Summer internship in BlackRock Realty’s acquisitions group. General
responsibilities included preparing property cash flow forecasts, acquisition
proposals, and conducting due diligence related to potential real estate
acquisitions of all major property types
• Assisted in the preliminary underwriting of potential real estate acquisitions
using Argus and Excel. Developed underwriting assumptions for income and
expense projections, selected appropriate growth rates, and determined
appropriate pricing parameters
• Assisted in the preparation of acquisition proposals on proposed acquisitions
for presentation to the investment committee. Created descriptive narrative of
the proposed acquisition and prepared supporting exhibits (location maps,
photographs, sale and lease comparables, etc.)
• Exposure to field work, investigating Orange County real estate market and
inspecting competitive properties

Berkshire Capital Securities LLC (boutique investment bank
specializing in mergers and acquisitions of financial institutions) New York, NY
2000 – 2005 Associate (2003 – 2005); Analyst (2000 – 2002)
• Managed clients and potential buyers of and sellers to Berkshire clients.
Interacted daily with client senior management to develop valuation analyses
and selling memoranda, organized and led due diligence sessions with
prospective buyers, and analyzed bids from prospective buyers
• Coordinated various parties of each project to ensure smooth deal execution,
managed junior analysts on projects, and served as daily contact with clients
• In-depth knowledge of valuation modeling (discounted cash flow, comparable
public companies, and comparable transaction analyses) and M&A transaction
modeling (accretion/dilution, internal rate of return, and synergies analyses)
• 22 transactions, valuations, and strategic advisory assignments completed

ADDITIONAL
Activities: Berkeley Real Estate Club, Finance Club, Challenge for Charity
Interests: golf
Juan de Yturbe
2161 Allston Way Apt. 205
Berkeley, CA 94704
(510) 334-4995
e-mail: juan_de_yturbe@haas.berkeley.edu

EDUCATION University of California at Berkeley
Walter Haas School of Business
Master of Business Administration Candidate, Class of 2008

Universidad Iberoamericana, Mexico City, Mexico
B.S. in Civil Engineering, June 2003
• Honorable Mention on Thesis Project

EXPERIENCE
2004-2006 Merrill Lynch Mexico City, Mexico
Analyst, Investment Banking
• Produced the financial model and marketing materials for Inmobiliaria Fumisa’s US$245mm
securitization of Mexico City’s International airport commercial spaces.
• Developed marketing materials for pitch to SABMiller; participated in creating valuation
model and performed due diligence for SAB Miller’s acquisition of Cerveceria Bavaria.
• Created financial model, marketing materials for Corredor Sur’s US$150mm bond issue in
Panama; Point person in all transaction activities; represented ML Mexico and ML NYC in
negotiations with client. Coordinated and led ML and client side in Investor and Rating
Agency meetings. Traveled/presented with client on roadshow for US investors.
• Created valuation and leverage buyout model to analyze the best financial alternative for
Comex to bid and fund the acquisition of Professional Paint Inc, a US paint manufacturer.
• Created roadshow materials for Pemex’ US$1.75bn perpetual bond issue, the largest bond
ever issued by Pemex and the first perpetual bond issued by a non-financial institution in the
world. Coordinated work among Pemex, and ML offices in Mexico, NYC and Tokyo.

2003-2004 Jr. Analyst, Investment Banking
• Produced sections of the valuation model and roadshow presentation for Homex’s US$184mm
initial public offering. Coordinated work between the client’s office in Culiacan, Mexico and
ML’s Mexico and NYC offices.
• Created marketing materials for Pemex’s US$1.4bn exchangeable bond issue, the first
convertible bond by a Latin American issuer.

2003-Present Dippin’ Dots Franchise Mexico City, Mexico
Owner, Founder, Administrator
• Formed a joint venture with Dippin’ Dots Mexico Master Franchise and opened three profitable
stores.
• Administer back office processes and look for new store sites.

2002-2003 Scotiabank Inverlat Casa de Bolsa Mexico City, Mexico
Jr. Analyst – Equity and Economic Research Department
• Developed a model using Visual Basic to create and analyze the performance of Investment
Portfolios.
• Researched and produced reports on Mexico’s Automotive Industry, Impacts of the 20th century
wars on the Dow Jones Industrial Average, and Impact of Foreign Currency Exchange
Movements on Mexican companies.

ADDITIONAL
Languages: Fluent in Spanish and English; conversational in French
Interests: Biking; sailing, surfing, international travel and golf
JACOB B. HEITLER
2424 Spaulding Ave
Berkeley, CA 94703
(720) 635-7376
jacob_heitler@haas.berkeley.edu


EDUCATION University of California at Berkeley
Walter Haas School of Business
Master of Business Administration Candidate, May 2008
• Emphasis in Real Estate and Finance
• Competitor in UT Real Estate Finance Challenge

Yale University
Bachelors in Applied Mathematics (concentration Computer Science), May 2000
• 1
st
Place in Yale Mechanical Design Studio Robotics Competition, 1997
• Distinction in Major, Yale Applied Mathematics Department, 2000

EXPERIENCE
2004-2006 Heitler Development, Inc Denver, CO
Project Manager
Acquisitions
• Located and analyzed multi-family acquisition opportunities including market
rate, Section 42 tax credit, and Section 8 deals
• Managed acquisition of $8M (114 units) apartment complex including
identification of investors, financial analysis, due diligence, and closing process.
Affordable Housing Development (Park Avenue HOPE VI)
• Conducted financial planning for $22M (124 unit) mixed-income multi-family
development with complex multi-layered financing including Low Income
Housing Tax Credits (LIHTC), construction and permanent debt, and grants.
• Managed the application process for LIHTCs for which the project was allocated
the maximum allowable allocation of $11M.
• Consulted in development process on architectural and engineering decisions.
Renovation Supervision & Asset/Property Management
• Supervised capital improvements on multi-family product including $1M
renovation of 56 units and various projects on a 145 unit loft style building.
• Upgraded property management accounting software to Yardi Voyager, requiring
major audit of accounting system.

2003-2004 Abacus Media, LLC Denver, CO
Founder and CEO - Library Collections Support Software
• Conceived business plan around assisting librarians to optimize video collections.
• Negotiated strategic partnerships with critical industry players and hired three
computer programmers under a risk-sharing deferred payment plan.
• Designed and managed the implementation of a web search and ordering interface
and backend delivery system for nearly every VHS and DVD in print.

2001-2002 Wall Street Analytics, Inc San Francisco, CA
Financial Engineer - Product Management and Client Support
• Modeled complex Asset Backed Securities including MBS, CMBS, and CDOs for
both issuers and buyers.
• Managed bond portfolio software client relationships for banks with $4 - $18
billion bond portfolios, including solo site visits.
• Designed and implemented quality assurance program for portfolio software.

ADDITIONAL
Interests: Hiking, Camping, Skiing/Boarding, Rock Climbing, Ultimate Frisbee,
Squash, Golf, Juggling, Swing Dancing, and International Travel
Joshua S. Joseph
520 Sixth Street, #18
San Francisco, CA 94103
650-773-5192
joshua.joseph@mba.berkeley.edu

EDUCATION University of California at Berkeley
Walter A. Haas School of Business
Master of Business Administration Candidate, May 2007

Tufts University
BA English cum laude and BA Child Development cum laude, May 2002

EXPERIENCE
5/2006-9/2006 Restaurant James Randall (Los Gatos, California)
General Manager, Partner
ƒ Opened the restaurant, specializing in “California Comfort Food,” on 6/20/06
ƒ Developed, executed, and continually refined the business strategy for the restaurant

2003-2005 Interland Corporation (San Mateo, California)
A real estate investment firm with over $850 million in real estate assets
Asset Manager
ƒ Executed financial analysis, operation oversight, strategy implementation, and budget development for
4,500 multifamily units, and 1.6 million square feet of commercial real estate assets, including the
world headquarters of Levi Strauss & Co.
ƒ Participated in the tactical evaluation of the Interland’s investment strategy, including the assessment
of property dispositions totaling over $100 million.
ƒ Analyzed potential acquisitions and asset strategies.
ƒ Involved in all aspects of the management of 343 Sansome St., a 256,985 square foot Class A office
building in the San Francisco Central Business District, including:
ƒ Supervised the local Property Manager and 3
rd
party management company to ensure congruence
with Interland’s objectives.
ƒ Evaluated capital expenditures, and developed a 5-year capital improvement program.
ƒ Developed the strategy for marketing the building’s available space.
ƒ Negotiated ten leases totaling over 53,000 square feet, providing future revenues of over $9.4
million for the building, and increasing building occupancy from 79% to 98%.
ƒ Created a construction cost analysis model in order to expedite the assessment of feasibility in
lease negotiations.

2002-2003 Wells Fargo Bank, Real Estate Group (Boston, Massachusetts)
A division of Wells Fargo lending primarily to large funds, REITs, and seasoned private developers
Real Estate Analyst
ƒ Supported Relationship Managers in the expansion and management of an $800 million portfolio of
construction and acquisition loans, subscription facilities, and lines of credit; product type included
office, retail, multi-family, industrial, and hospitality.
ƒ Assisted in underwriting, negotiating, and closing of numerous credit facilities totaling over $350
million, including forming discounted cash flow and direct capitalization valuations, tenant credit
analyses, market studies, and appraisal reviews.
ƒ Completed annual customer financial reviews, including analysis of leverage, interest coverage,
rollover risk, and portfolio credit quality.

ADDITIONAL Languages: Conversational in Spanish; basic knowledge of Japanese
Activities: Berkeley Real Estate Club; Haas Technology Club
Member of the San Francisco Jewish Federation Building Committee (2004-present)
Tufts University Swim Team (1998-2002)






Chicago
University of Chicago - GSB






Kristin Zimmerman Vineet Sekhsaria Sharon Zeng






Jorge Zebadua Aaron Joseph Ayan Rai-Chaudhuri
AARON E. JOSEPH
801 South Wells Street, #1002
Chicago, Illinois 60607
tel.: 312.566.0450
fax: 312.566.0450
e-mail: ajoseph@ChicagoGSB.edu

EDUCATION

UNIVERSITY OF CHICAGO GRADUATE SCHOOL OF BUSINESS Chicago, Illinois
Master of Business Administration 09/06 - 06/08
• Recipient of the merit-based Rath fellowship
• Anticipated Concentrations in Finance, Economics, and Accounting
• Investment Banking Group, Real Estate Group, African American MBA Association and Wine Club

UNIVERSITY OF WISCONSIN Madison, Wisconsin
Bachelor of Arts 09/94 - 06/00
• Double major in History and Art History

EXPERIENCE

ENVIRONMENTAL SYSTEMS DESIGN, INC. Chicago, Illinois
Electrical Designer 06/01 - 03/06
• Consulted architects, real estate developers, and facility managers on the electrical component of
constructions projects.
• Designed power distribution systems in commercial projects. Ensured project compliance with local and
national regulatory authorities and codes.
• Led Lighting Design and Analysis initiative. Promoted new lighting design and analysis services both
internally to upper management and to the company’s client base.
• Project Management: Directed design teams, balanced budget hours, and represented the firm to clients.
• Construction Administration: Steered design projects through the construction phase; served as resource for
contractor; represented the client's interests in the field.
• Implemented green building and energy efficient design principles in project design.
Representative Projects
• Southgate Market. Lead Lighting Engineer for a 70,000+ square foot retail infill project.
• Spertus Institute. Electrical Design. Value Engineering; worked with vendors and electrical contractors to
realign project costs to available budget dollars.
• Arcade Cafe. Lead Engineer for the overhaul of the lighting systems and design.
• Pritzker Realty Headquarters. Coordinated Construction Administration effort. Managed the late stage of the
project. Consulted the Lead Architect and contractors on design changes.

HINKLE ENGINEERING, INC. Chicago, Illinois
Communications Director 06/00 - 02/01
• Administrative support for company president.
• Assist in the production of deliverables in computer-aided drafting and document due diligence.

AARON JOSEPH PHOTOGRAPHY Madison, Wisconsin
Freelance Photographer 06/99 - 06/00
• Commissioned to photograph local sports teams, family portraits, weddings, and architectural interiors.
• Exhibited art work in gallery shows.

ADDITIONAL INFORMATION

• The Urban Land Institute
o Young Leaders Group Executive Committee - Chicago District Council.
o Case Study and Tour and Leadership Exchange program Co-Chairs.
• The United States Green Building Council
o Leadership in Energy and Environmental Design (LEED) Accredited in 2004.
• Freelance photographer for Chicago-based start-up magazine Lumino.
• Long-time club DJ in Chicago. Made multiple tours to New York and London.
AYAN RAI-CHAUDHURI
146 Louise Court, Wood Dale, IL 60191
(630) 595 6785 - araichau@chicagoGSB.edu

EDUCATION

UNIVERSITY OF CHICAGO, GRADUATE SCHOOL OF BUSINESS Chicago, IL
Master of Business Administration, Concentrations in Finance and Entrepreneurship June 2008
• Rath Foundation Scholarship Recipient


UNIVERSITY OF ILLINOIS AT CHICAGO Chicago, IL
Master of Architecture May 2002
• Awarded full merit tuition waiver for graduate studies
• Affordable Housing Design featured in exhibition by the Chicago Housing Authority (CHA) at the Chicago
Public Library

SUSHANT SCHOOL OF ARCHITECTURE New Delhi, India
Bachelor of Architecture December 1998
• Thesis Dissertation published in Institution Journal for Low-Cost Housing
• Won Creative Writing, Debating and Painting competitions while representing college at intercollegiate events
• Elected Treasurer for Student Council & Class Representative

EXPERIENCE

GILFILLAN CALLAHAN ARCHITECTS, INC. Rolling Meadows, IL
Project Manager June 2002 – Aug 2006
• Supervised multi-functional teams of engineers, designers and contractors. Forecasted and monitored manpower
needs, project costs and profitability. Reported schedule progress and project cost to client.
• Led project teams to design and produce construction documents on a $38MM construction project. Monitored
construction change orders in order to realize a project savings of $ 5MM.
• Coordinated public referendum campaign in order to raise $45MM of construction financing.
• Negotiated contracts and service fees that defined scope of services, established project phasing, and determined
man-hour requirements.
• Developed PR material and lead internal sales efforts; Created firm graphic standards and assisted principals in
developing brand strategy

DEPARTMENT OF SPACE PLANNING, UNIVERSITY OF ILLINOIS Chicago, IL
Architect Aug 2000 – May 2002
• Analyzed and managed building databases for space-utilization purposes
• Assisted the Director in running space utilization reports and researched ratios to calculate space allocation per
dollar of research revenue generated by college departments.

AJOY CHOUDHURY ARCHITECTS New Delhi, India
Staff Architect Jan 1999 – July 2000
• Initiated and established firm standards for computer-based presentation techniques.
• Participated in two National award winning Design Competitions.
• Worked as a part of team to develop new projects, marketing strategies and implement emerging technologies.

ADDITIONAL

• Registered Architect: Council of Architecture, India; LEED Accredited Professional: US Green Bldg Council
• Member – Urban Land Institute; Associate Member: American Institute of Architects (AIA)
• Fluent in Bengali; conversant in Hindi and Urdu
• Past Board Member: Society for Marketing Professional Services (SMPS)
• Past Board Member: University of Illinois Chicago Architecture Alumni Association
• Volunteer Mentor: ‘Intern Development Program’ - US Council for Architectural Registration Boards
• Interests include auto racing, traveling, music and chess
VINEET J. SEKHSARIA
5050 S. Lake Shore Drive, Apt. 401 • Chicago, IL 60615, USA
+1.216.235.0400 • vsekhsar@ChicagoGSB.edu

EDUCATION ______
THE UNIVERSITY OF CHICAGO, GRADUATE SCHOOL OF BUSINESS Chicago, IL
Master of Business Administration, Concentrations in Finance and Strategic Management Sep 2005 - Jun 2007
• GMAT : 750 (99th percentile); Dean’s Honor List for all quarters; Selected to be an Admissions interviewer
• Recipient of Deloitte Consulting Graduate School Fellowship; Member of the Inv. Banking & Private Equity Groups

MIAMI UNIVERSITY Oxford, OH
Bachelor of Science in Business (Major: Economics, Minor: Finance) Aug 1998 - Jan 2002
• GPA 3.8 / 4.0, Magna Cum Laude, awarded full-tuition Academic Scholarship and Summer Scholar’s Research Grant
• Recipient of the Dickinson Guiler Leadership award. VP of Finance at Student Credit Union ($2M in Assets)

UNIVERSITY OF CAMBRIDGE Cambridge, UK
Additional undergraduate coursework in Economics and Public Policy Jan 2002 - Jun 2002
• Studied the post-independence (1950-90) economic policies in India and assessed the impact of privatization

EXPERIENCE
RED FORT CAPITAL ($300M India-focused Real Estate Private Equity) Mumbai, India
Summer Associate Aug 2006 - Sep 2006
• Evaluated over $45M in investments in residential condo development in Tier II cities; liaised with developers; conducted
site visits; sourced primary comps, absorption rates and mortgage origination data; built detailed valuations models
• Researched and built an investment thesis for extended-stay housing in India; analyzed the $25M buyout of a non-
operational sea-facing hotel in Mumbai and its potential conversion to a premium extended-stay property

LEHMAN BROTHERS New York, NY
Summer Associate, Global Real Estate Investment Banking Jun 2006 - Aug 2006
• Evaluated the feasibility of a $40M bridge equity investment in an apartment property portfolio. Conducted due diligence,
analyzed returns and promote structures under various scenarios. Pitched investment to RE opportunity funds
• Advised a financial sponsor on the LBO of a major resort operator. Build a bottom-up valuation model for a portfolio of
10+ properties. Drafted a committee memo outlining risks and considerations for underwriting $750M in deal financing
• Performed an NAV analysis for 100+ office properties in the tri-state area for a sponsor-backed LBO of a large REIT

DELOITTE CONSULTING Cleveland, OH
Consultant, Mergers & Acquisitions Advisory Practice Jul 2004 - May 2005
• Selected by Deloitte’s COO to assist on the merger of four internal businesses aggregating $5B+ in revenues
− Built DCF models to evaluate new investments; performed sensitivity analyses on operating metrics
− Developed long-term growth and earnings projections alongside senior principals
• Evaluated strategic options and recommended the divestiture of a distressed business unit for a $8B manufacturer
− Assessed internal synergies and growth potential; defined portfolio strategy by working closely with senior executives
− Conducted preliminary valuation for the successful sale of the business unit to financial sponsor
• Analyzed business model, profitability, and industry dynamics to recommend the sale of a $940M consumer goods client
− Led a team of three analysts to identify $60M in annual synergies by assessing buyer’s and seller’s operations
− Presented findings to buyer; resulted in a successful sale and a 27% premium for client’s shareholders

Business Analyst, Strategy & Operations Practice Summer 2001, Aug 2002 - Jun 2004
• Advised one of the largest office REITs on strategic sourcing across their portfolio of Midwestern properties
− Led negotiations with vendors to reduce 10% of property operating and repair/maintenance expenses
• Assisted a Fortune 100 high-tech manufacturer to develop a turnaround strategy and avert bankruptcy
− Forecasted free cash flow under various scenarios, prepared detailed competitive analyses, and presented to CEO
− Coordinated simultaneous efforts of cross-functional teams to identify $1.4B in cash generation opportunities
• Designed a model to optimize surgery scheduling at a hospital’s 42-bed operating room; bed utilization increased by 10%
• Rated top 5% of analyst class. Mentored new analysts on financial modeling; participated in analyst hiring decisions

ADDITIONAL
• Worked for 7 years with several non-profits to influence socio-economic development in India
− Founded a college chapter of Association for India’s Development (AID); raised $11,000 to support earthquake relief
− President of Asha for Education, Cleveland; raised $50K+ annually to fund infrastructure for schools in rural India
• Member of the Urban Land Institute. Avid squash player. Aspiring to break 95 in golf
JORGE ZEBADUA
233 E. Wacker Drive, Apt. 2001
Chicago, IL 60601 Tel: (312)848-3159
e-mail: jzebadua@ChicagoGSB.edu

EDUCATION

THE UNIVERSITY OF CHICAGO, GRADUATE SCHOOL OF BUSINESS Chicago, IL
MBA Candidate Class of 2008– concentrations in Entrepreneurship, Analytical Finance Sept 2006- June 2008
• Recipient of the University of Chicago GSB Merit Based Scholarship
• Active member in the Real Estate group and the Investment Banking group.
ITAM Mexico City
Executive Diploma in Finance & Accounting Oct, 03 - Sept, 04

UNIVERSIDAD IBEROAMERICANA Mexico City
Bachelor in Science, Civil Engineering. GPA 3.6/4.0, Graduated with Honors August,1999 - May, 2003
• Transferred in fourth semester from the National University (UNAM) High Academic Performance Program due to
student strike (Aug. 1997-Apr. 1999)
• Semester abroad in a student transfer program to Salamanca University, Spain, February 2002- July 2002
• PR Coordinator in the Civil Engineering Students Association (SADIC-UIA). Participated in the organization of the 2nd
International Congress of Civil Engineering, 2001 - 2002

EXPERIENCE

IBM, BUSINESS CONSULTING SERVICES Mexico City
Consultant, Financial Services Sector July 2004 - June 2006
• Awarded the annual Top Consultant Knowledge Sharing Category Award for BCS Latin America against more than 100
people in Mexico’s BCS office.
• Inscribed in early 2006 by management team as an IBM Top Talent.
• Won client service model project for Grupo Nacional Provincial (GNP), the largest insurance company in Mexico.
Currently Project Manager, leading a team of 4 people and satisfying client’s requirements. Received new opportunity to
renew contract for 2006 due to the good work.
• Selected as Project Management Office Coordinator for the ALTEC (Santander Bank Group Technology Arm) Project
GARRA and PGT. Resolved fee conflict, collecting 6 months worth of back payments from client.
• Collaborated in the largest signing ever for financial services Mexico’s division ($4.1 MUSD) with ALTEC.
• Developed 10 MUSD of pipeline and generated new relations with several suppliers to engage the new opportunities.
• Chosen as Proposal Team Leader for the Financial Services Sector in more than 10 Application Innovation Services
(AIS) opportunities worth more than $5 MUSD.

Consultant, Industrial Sector July 2004 - Sept. 2006
• Received the Excellence Delivery Award for Engagement Work
• Participated in a strategic realignment of the IT in PEMEX, Mexico's National oil company.

MARHNOS Mexico City
Assistant to the Chairman in Business Development Projects March 2004 - July 2004
• Performed initial assessment of new construction projects, and maintained public relations.
• Gave diverse presentations for the Chairman, including communication with different NGO´s.
• Coordinated the company’s 50th Anniversary commemorative events, attended by more than 800 guests ranging from
employees to Mexico’s Secretary of Communications and Transportation

INCA Construction Company Mexico City
Assistant to the Highway Construction Manager July 2003 - March 2004
• Led a team of 2 Jr. Analysts in the elaboration of quarterly financial reports of 7 toll roads and in the evaluation of
possible road damage.
• Participated in the Zaragoza –Tezuitlán Highway Construction and worked with Re-Insurers (Munich Re, MBIA) for the
Certificates Emission of the Tribasa toll roads.

ADDITIONAL
• Trilingual: Spanish (native), French (Fluent) and English (Fluent).
• Avid sports practitioner (Golf, tenis, sky, scuba & soccer)
• Community service in EUDES, a non profit,concerned with helping HIV Patients. Helped them evaluate a new possible
location. Nov 2002- May 2003.
Sharon S. Zeng
1607 East 50th Place, Apt #14A, Chicago, IL 60615
szeng@ChicagoGSB.edu Mobile: HK (852)-6840- 9766 / US 1- (773) 860-8066

EDUCATION

THE UNIVERSITY OF CHICAGO GRADUATE SCHOOL OF BUSINESS Chicago, IL
Master of Business Administration, Analytic Finance and Accounting Jun 2007
• GMAT: 750
• Membership: Venture Capital/Private Equity Club, Investment Banking Group, Buffett Club

SICHUAN UNIVERSITY Sichuan, China
Bachelor of Arts, International Trade Sep 1996 - Jun 2000
• GPA 3.8/4.0; top 3% of class; recipient of Student Leadership and Best Graduate awards
• Co-founder of Science & Technology Association of Sichuan University

EXPERIENCE

AIF CAPITAL (1 billion under management Pan-Asian private equity firms) Hong Kong
Summer Associate – Private Equity June 2006 – Aug 2006
• Selected 6 projects of business plans from Pan-Asia deal flows before referring to investment officers
• Evaluated strategic private equity investment for $30M in Energy company and performed market research and
analysis to successfully convince the Investment Committee of deal merits
• Identified unique investment opportunities in Alternative Energy sectors and thus improved the IRR from 12% to
30% and mitigated deal risk
• Analyzed and directed variety of investment structures including initial capital outlays, follow-on funding and
warrant transactions; Conducted management interviews as part of the due diligence process on various investment
Selected life-deals:
-$100M for A Real Estate and Construction Company over 1,334,000 Sq/m.land-bank
-$30M for A Utility company

PANSKY SCIENCE & TECHNOLOGY GROUP (Leading IT Solution Provider in China) Beijing, China
Deputy General Manager – Business Development Aug 2003 - Mar 2005
• Negotiated $30M funding from The Carlyle Group
-Built several DCF models used for defense analysis; presented strategic alternatives to company board
-Participated in deal closings; co-authored transaction documents and term sheets
• Conducted buy-side valuation for a $20 million local business software provider
-Completed comparable company analyses and premium analyses
-Identified acquisition opportunities with a market value of up to $12M for company affiliate ZhongTian
• Rotated through the Corporate Finance and Business Development departments
-Performed due diligence to structure $5 million 3-revolving credit facility and a $16 million 2-year term loan

DIGITAL CHINA, LENOVO GROUP (No.1 IT distributor) Beijing, China
Senior Manager - Business Development Jul 2001 - Jul 2003
• Participated on the negotiation team; deals resulted in $38M funding from GA Partners, Texas Pacific Group
• Assisted in road shows with Goldman Sachs to raise $50M for the second largest IPO of 2001 on the Hang Seng

Sales Manager – Government Institutional Sales Group Mar 2001 - Jul 2001
• Established and maintained core relationship with the Chinese Ministry of Finance of the PRC
• Successfully implemented tax system (CTAIS) to 20 provinces; managed 40% of the National Tax Revenue ($320B) in 01’
• Motivated cross-functional teams to provide prompt technical and management support for the CTAIS system

PRICEWATERHOUSECOOPERS LLP Chongqing, China
Consultant - Business Advisory and Assurance Division Jul 2000 - Feb 2001
• Analyzed industry to identify comparable public companies
• Assessed brand equity and market demand for an Enron acquisition target

ADDITIONAL
• Passionate real estate investor for over 4 years
- Personally acquired 24,000 Sq.yd of land; assisted local State Court and Morgan Stanley in acquiring NPLs(03’)
- Assisted Hines (China) in analysis of Real Estate in the residential market in 2
nd
-tier cities (03’)
- Assisted Lenovo Real Estate by creating a vendor building budget for developer, and raw materials(05’)
- Familiar with Argus Real Estate software analysis
• National swimming athlete: swim across the Yangtse River
KRISTIN ZIMMERMAN
5140 South Hyde Park Blvd., Apt. 20C, Chicago, IL 60615
(773) 330-8397; kzimmerm@ChicagoGSB.edu

EDUCATION

THE UNIVERSITY OF CHICAGO, GRADUATE SCHOOL OF BUSINESS Chicago, IL
Master of Business Administration September 2005 – June 2007
• Concentrations in Finance and Accounting
• Selected as Investment Banking Group Co-Chair, Captain of the GSB’s National Real Estate Challenge Team

NORTH CAROLINA STATE UNIVERSITY Raleigh, NC
Bachelor of Arts in Political Science January 1997 – December 2002
• Class Valedictorian with 4.0 GPA; ranked 1
st
of 4801 students
• Employed full-time while attending university

EXPERIENCE

MORGAN STANLEY & CO. INC. New York, NY
Investment Banking Summer Associate June 2006 – August 2006
• Developed LBO/DCF models for the divestiture of a $16BN consumer products company
• Prepared sales presentations for client coverage meetings and bake-offs, including the restructuring proposal
for a $1BN cross-border logistics company.
• Interacted directly with clients, other advisors and counter-parties, including negotiating confidentiality
agreements, reviewing transaction contracts and managing the sell-side auction process

CHEROKEE INTERNATIONAL SERVICES LIMITED London, UK
Real estate opportunity fund with over $1BN under management January 2003 – June 2005
Senior Analyst (as of June 2004) / Analyst
• Co-managed a 10-person team to close three transactions in Europe totalling over $50M of investment value
− Supervised all aspects of due diligence and deal execution, including deal origination, financial
modelling, transaction structuring, legal analysis, tax optimization, negotiation with sellers/partners and
investment recommendations directly to senior executives
• Developed and recommended a strategic business plan adopted by company management for the expansion of
the firm into new European markets. Implemented country-specific initiatives and cultivated relationships
with localized deal partners
• Negotiated a unique public/private partnership with the City of Offenbach, Germany, to redevelop a strategic
disused property with a project cost of $100M. JV structure became company template for other transactions
• Managed a high-profile UK development project with oversight of 18 team members and a total budget of
$25M. Renegotiated the development plan and timeline to maximize return and minimize risk leading to an
increase in site value of $15M
• Organized a joint venture partnership with senior executives at Pirelli Real Estate to source and execute
regeneration projects in Italy
• Implemented on- and off-shore tax structuring mechanisms for general office and project-specific functions
• Spearheaded efforts to investigate private sector investment opportunities in Africa. Elicited support from
African leaders and senior governmental officials
• Ranked top of peer group in annual review process two years in a row

CHEROKEE INVESTMENT PARTNERS, LLC Raleigh, NC
Analyst July 2002 – December 2002
• Promoted to Analyst role prior to university graduation
• Assessed numerous investment opportunities across North America and Europe
− Collaborated with deal teams to carry out due diligence, created and utilized financial models including
IRR, multiple and sensitivity analyses to determine feasibility of proposed transactions
− Researched the European real estate industry, analyzed competitors and identified niche markets
• Chosen by the CEO to lead a team of senior executives to design a presentation to European corporations.
Resulted in Cherokee being selected as the preferred bidder for the sale of a major Italian oil refinery

ADDITIONAL

• Competed successfully for eight years as a professional rider through Grand Prix level on the American
equestrian show jumping circuit. Coached numerous students to national championships
• Travelled in over 30 countries. Highlights include glacier heli-hiking in New Zealand, backpacking through
Cambodia and exploring the ancient temples at Lalibela, Ethiopia
• Conversant in German and French; basic knowledge of Italian and Russian






Columbia
Columbia University




Adam S. Budgor Casey Mitchell Carpenter Jason Obenhaus




Michael Ridloff Akbar Tajani Eric Tam
ADAM S . BUDGOR
Lmail: ABudgor0¯(gsb.columbia.edu
Mobile: 91¯, ¯21-¯335

LDUCA1ION
2006-200¯ COLUMBIA BUSINLSS SCHOOL, New \ork. N\
Mß. Cta.. ot 200¨: Covcevtratiov. iv íivavce ava Reat í.tate íivavce c Deretopvevt
I Llected. Vice President oí 300-person Real Lstate Association
I Participant in the Uni·ersitv oí 1exas Real Lstate (ase (ompetition
I (o-(aptain oí (olumbia Business School`s MS Bike 1our eííorts
I Rele·ant coursework. including: Ad·anced (orporate linance. Real Lstate linance. Mergers & Acquisitions.
Pri·ate Lquitv. Real Lstate In·estment Management & De·elopment. (apital Markets and Venturing

199¯-2001 BOS1ON UNIVLRSI1Y SCHOOL OI MANAGLMLN1, Boston. MA
ßacbetor ot ´cievce iv ßv.ive.. .avivi.tratiov
I Rele·ant (oncentrations: linance and Accounting. Dean`s List lonors
I Boston Uni·ersitv (ertiíicate oí Ad·anced Accountancv. August 2001

LXPLRILNCL
2004-2006

LAZARD IRLRLS & CO. LLC. New \ork. N\
´evior .vaty.t. ívre.tvevt ßav/ivg
I Analvzed the strategic rationale oí potential mergers. acquisitions and íinancing alternati·es
I Períormed detailed ·aluation analvses utilizing íinancial modeling techniques such as discounted cash ílows.
le·eraged buvout ·iabilitv. capital structure optimization. and public and pri·ate companv comparables
I Prepared in-depth presentations and participated in their deli·erv during client meetings: coordinated and
participated in business and íinancial due diligence: assisted in structuring and negotiating deal terms
I (onducted íinancial. legal. accounting and customer due diligence íor íinancing transactions
I \orked directlv with client senior management to de·elop íinancial projections and presentations íor in·estors
I Participated in marketing initiati·es. business and staíí de·elopment and recruiting acti·ities
I Select. lead-managed transaction experience:
I ´vper1atv. Buv-side ad·isor in its >1¯.4 billion acquisition oí Albertsons
I Prevti.. Propertie. )rv.t. Sell-side ad·isor in its >3.3 billion sale to Brandvwine Realtv 1rust
I ^ario. Maritive íotaivg.. Sell-side ad·isor in its >608 million acquisition oí International Shipping
Lnterprises. Inc. and strategic ad·isor and member oí svndicate in pending high vield íinancing transaction

2002-2004 PRICLWA1LRHOUSLCOOPLRS. New \ork. N\
...ociate. ...vravce ava ßv.ive.. .ari.ory ´errice.
I Primarilv íocused on audits and ad·isorv íor real estate and in·estment companies
I Selected to be part oí a íi·e-member consultancv team to períorm risk management procedures o·er Sallie Mae
(orporation`s íinancial and operational controls
I Períormed as acting audit manager on a íoreign broker-dealer engagement
I Responsibilities included: íinancial statement preparation. budgeting. staííing and accounting issue research
I Nominated and appro·ed íor recognition as one oí eight top associate períormers during annual re·iew
I Select clients: AL\. Bank oí America. Boston Properties. lidelitv. lenderson Global. Lvme Properties

O1HLR LXPLRILNCL
2004-2006 LURIA DLVLLOPMLN1 COMPANY. Santa Barbara. (A
ßoara Mevber
I Ad·ise on matters pertaining to acquisitions. dispositions and operations oí portíolio companies
I Assist in the identiíication oí properties íor 1031 like-kind exchanges

2002-2004 COLLLGLBU1LLR LLC. (hicago. IL
ßoara Mevber ava ´trategic .ari.or
I Successíullv ad·ised on the ·aluation and e·entual sale oí (ollegeButler to Valet1odav
I (o-de·eloped business strategv to deli·er concierge ser·ices to colleges and uni·ersities
I Assisted in the creation oí business proposals used to acquire exclusi·e operating contracts with uni·ersities

ADDI1IONAL
I (LR1IlI(A1IONS: (lA Le·el 3 - 2005,. (PA Licensed - 2004,. ARGUS 1rained. Series ¯. Licensed Realtor
I SLRVI(L: UJA lederation. charitv dri·es and other communitv outreaches
I MLMBLRSlIP: Urban Land Institute. \RLP. Metropolitan Opera
I IN1LRLS1S: Lxtensi·e tra·el. biking. ice hockev. golí. tennis. rollerblading and learning (hinese
I 1RAVLL: North. (entral and South America. \estern and Lastern Lurope. Middle Last and Asia
Casey Mitchell Carpenter
547 Riverside Drive #3C, New York, NY 10027 • 480-326-6965 • CCarpenter07@gsb.columbia.edu

EDUCATION
2005-2007 COLUMBIA BUSINESS SCHOOL New York, NY
MBA Candidate, Real Estate and Finance
• GMAT Score: 710 (96th Percentile)
• Honors: Recipient of McCrea Scholarship for Outstanding Academic Leadership
• Leadership: Co-President, Real Estate Association (REA); Co-Captain, REA Case Competition Team

1997-2001 WP CAREY SCHOOL OF BUSINESS, Arizona State University Tempe, AZ
BS Finance, Barrett Honors College (Min. 1300 SAT Score/Top 5% of High School Class)
• Academic Performance: 4.0 Cumulative GPA (Summa Cum Laude/Dean’s List Every Semester)
• Leadership: Elected to Vice President of Finance, Pi Sigma Epsilon Professional Marketing Fraternity

EXPERIENCE
Present GE REAL ESTATE, Strategic Capital Group New York, NY
Summer/School Year Associate with deal team that originates highly structured financing
solutions for opportunity funds and other institutional clients involved in large, complex transactions.
• Responsible for sizing and structuring senior debt, mezzanine debt, and preferred equity for large
individual assets and portfolios of assets that typically require future funding for re-positioning/lease-up.
• Construct DCF/Direct Cap valuation models and make IRR/ROE projections utilizing ARGUS, Dyna
and Excel models; conduct detailed market due diligence, including evaluation of third party reports.
• Complete all approval recommendations; coordinate underwriting and closing functions for asset level
financing and equity investments in large opportunity funds.

2006 MORGAN STANLEY REAL ESTATE, Investment Banking Division New York, NY
Summer Associate in the firm’s real estate investment banking and principal investing group.
• Performed comprehensive valuation (DCF) and return analyses for potential hotel acquisitions on behalf
of Morgan Stanley Real Estate Funds (MSREF); evaluated potential REIT acquisitions for MSREF.
• Completed sub-portfolio valuations (DCF/Direct Cap), defeasance analysis, and TILC projections as
member of buy side advisory team in a $5 billion public to private MBO (over 1,000 properties).
• Assisted in capital raising activities for a $750 million private fund specializing in CMBS, RMBS, and
whole loan investments in the US, Europe and Asia; prepared financial models and offering memoranda.

2004-2005 TRISAIL CAPITAL CORPORATION / BANK OF AMERICA Irvine, CA
Development/Acquisitions Associate with Bank of America affiliate that provides private equity
and mezzanine debt for middle market commercial real estate developers and investors.
• Evaluated and structured opportunistic investment proposals for the repositioning of underperforming
properties in strong markets and the construction of new properties in supply constrained markets.
• Presented over $200 million in proposed equity investments and mezzanine loans to investment
committee, including a $30 million equity proposal to acquire an apartment portfolio from a REIT.
• Completed detailed industry and market analysis, financial modeling (valuation/IRR projections utilizing
Argus and Excel) and due diligence to support all investment decisions and sell vs. hold analyses.
• Drafted and presented quarterly performance reports for a portfolio of 10 to 15 commercial properties
with an aggregate market value of approximately $300 million.

2001-2004 BANK OF AMERICA, Real Estate Banking Group Phoenix, AZ
Real Estate Analyst/Underwriter on deal team that closed nearly $1 billion in construction and acquisition
loans for middle market commercial real estate developers and investors based in the Southwestern U.S.
• Performed detailed property valuations (DCF/Income Capitalization) and sensitivity analyses to quantify
loan sizing constraints (DSC/LTV), potential debt service shortfalls and gaps in takeout financing.
• Negotiated loan documents and reviewed construction budgets, contracts, blueprints, site plans, surveys,
leases, partnership agreements, sponsor financial statements, environmental and geotechnical reports.
• Tracked monthly leasing and economic performance of 20 to 30 properties; produced internal market
reports detailing underlying trends in leasing demand and new supply.

ADDITIONAL INFORMATION
Member of Urban Land Institute and Junior Achievement; Enjoy golfing, skiing, wine tasting and
international travel; Strong interest in urban redevelopment and smart growth initiatives.
Jason Obenhaus, CFA
42 West 75
th
St, Apt. 1B
New York, NY 10023
917-750-1137
JObenhaus08@gsb.columbia.edu
EDUCATION:
2006 – Present COLUMBIA BUSINESS SCHOOL New York, NY
MBA Candidate, Finance and Real Estate, May 2008
Member: Real Estate Association, Investment Banking Club
AVP of Finance - Real Estate Association
GMAT: 750 (99
th
Percentile)

1999 - 2003 VANDERBILT UNIVERSITY, Nashville, TN
SCHOOL OF ENGINEERING
Bachelor of Science; May 2003
Double Major: Economics and Engineering Science
Minor: Management of Technology
Dean’s List with Honors F’02, S’03; Dean’s List with High Honors F’01
EXPERIENCE:
2005 - 2006 FIELDSTONE PRIVATE CAPITAL GROUP New York, NY
Associate
As a member of a small investment banking team focused on Energy and Infrastructure
project finance and Native American / First Nation economic development primarily in
North America
• Forecasted financial performance to assess debt carrying capacity and optimal
capitalization of companies
• Performed financial analysis and valued companies and securities
• Wrote reports describing and evaluating investment opportunities in the primary
market
• Worked with bond salesmen and clients to research and model various secondary
market opportunities for investment consideration

2003 - 2005 SAMCO CAPITAL MARKETS New York, NY
Analyst
• Published research reports on the media, energy, gaming, automotive, lodging and
leisure sectors
• Constructed and maintained models for approximately 50 companies comparing
financial leverage, fixed charge coverage, cash flow and earnings on a historical
basis
• Performed due diligence, financial analysis, terms negotiation, drafting and
marketing of deals for investment banking team
• Modeled various scenarios for asset backed securities

1999 - 2002 JPI Multifamily Development Austin, TX
Intern

2001 Staubach Company Austin, TX
Intern
ADDITIONAL INFORMATION:
• Member of New York Society of Security Analysts
• NASD Registered Representative
• Basic understanding of Spanish
• Enjoy community service, reading, and golf
MICHAEL RIDLOFF
220 East 65
th
St., Apt 12F
New York, NY 10021
917-533-4558
Mridloff07@gsb.columbia.edu

EDUCATION
2005-2007 COLUMBIA BUSINESS SCHOOL New York, NY
MBA, Concentrations in Real Estate and Finance, May 2007; Deans List (Spring 2006)
GMAT: 710 (96
th
percentile)
Leadership/Activities: Real Estate Association (VP of Site Tours, 2005 and 2006 team to the
McCombs Annual Real Estate Challenge), Private Equity and VC Club, T.A. Real Estate Finance

1996-2000 THE WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA Philadelphia, PA
Bachelor of Science in Economics, Concentrations in Finance and Management, 2000
GPA: 3.62/4.00; Magna Cum Laude
Activities/Honors: Dean’s List (Fall 1997, Spring 1998) UPENN Credit Union –Credit Analyst
Jewish Heritage Program’s Steering Committee Semester Abroad - Catholic University of Leuven

EXPERIENCE
Summer O’CONNOR CAPITAL PARTNERS New York, NY
2006 Associate, Real Estate Private Equity
• Evaluated potential investments by analyzing market conditions, including asking rents, absorption
and vacancies, development budgets, cash flow projections, financing options and financial returns
• Conducted due diligence by performing site inspections, interviewing local market brokers, and
reviewing purchase and sale agreements, loan documents, and tenant leases
• Analyzed over 2.9 billion in transactions, and assisted in negotiations and conducted due diligence
for over $1.4 billion in transactions

2004-2005 EUROHYPO AG New York, NY
Associate, Real Estate Investment Banking/CMBS Originations
• Underwrote new investments by analyzing rent rolls, expenses, capital expenses, and LTV and
DSCR ratios, and assessing market conditions, including asking rents, absorption and vacancies
• Performed site visits to evaluate asset quality, competitive properties and market dynamics
• Structured fixed and floating rate loans, including mezzanine, bridge loans, and , earnouts,
financing
• Negotiated loan applications, managed in-process transactions, coordinated due diligence

2002-2004 BLACKROCK, INC. New York, NY
Financial Credit Analyst, High Yield and Leveraged Loan Portfolio Management
• Responsible for over $750 million of securities in the homebuilding, gaming and lodging, consumer
products and retail industries
• Assessed company and industry profitability to develop top down and bottom up credit opinions
• Evaluated company financials, business models, competitive landscape and industry positioning
• Monitored existing credit positions, evaluated new bank loan and bond issues and generated
secondary investment ideas including distressed credits

2000-2002 BEAR, STEARNS & CO. INC. New York, NY
Financial Analyst, Aerospace & Defense/Technology Investment Banking Group
• Built merger models to determine accretion/dilution, profit contribution, and breakeven sensitivities
• Performed corporate valuations via DCF, trading and transaction multiple analyses
• Analyzed growth prospects, credit statistics, earnings forecasts, capital structure, and pro forma
impacts of potential transactions in preparing company presentations and committee memoranda

ADDITIONAL INFORMATION
Proficient in ARGUS Conversational in Hebrew, basic knowledge of Spanish, German and Dutch
Enjoy traveling (spent time with host families in Israel, Japan and Germany), history, reading and sports,
including tennis and golf

AKBAR 1AJANI
210 \est 10¯
th
Street. Apt. 5L
New \ork. N\ 10025
-1 310, ¯95-5266
A1ajani0¯(gsb.columbia.edu

LDUCA1ION
2005 - 200¯ COLUMBIA BUSINLSS SCHOOL New \ork. N\
Mß.. íivavce ava Reat í.tate. May 200¨


Leadership: VP Mentorship - Real Lstate Association RLA,. President - South Asia Business Association.
Member: RLA (ase (ompetition 1eam. Pri·ate Lquitv and Venture (apital (lub. In·estment Banking (lub.
GMA1: ¯10 94th Percentile,.

1993 - 1998 UNIVLRSI1Y OI SOU1HLRN CALIIORNIA Los Angeles. (A
ß´. ßv.ive.. .avivi.tratiov. Decevber ]··º


Dean`s List - lour Semesters.
Summer Internships: Arthur Andersen 1998,. Motorola 199¯,.

LXPLRILNCL
2006 WACHOVIA SLCURI1ILS New \ork. N\ and Los Angeles. (A
´vvver ...ociate - Corporate ívre.tvevt ßav/ivg. Reat í.tate
(reated in·estment memoranda íor a >1.5B con·ertible bond oííering íor an oííice RLI1 the largest transaction
oí the tvpe in the industrv,. a >90M primarv equitv oííering íor an industrial´ílex RLI1 and a >400M secondarv
equitv oííering íor a gaming client: de·eloped pro-íorma capitalizations. períormed due diligence. presented
recommendations and risk mitigations.
Participated in the sale oí a >550M retail and multi-íamilv RLI1: analvzed bids írom strategic buvers. contributed
to de·eloping merger agreement documentation. and created a lairness Opinion íor the transaction.
Assisted with ·aluating a >6B retail portíolio íor an acquisition: de·eloped lease expiration and rent step-up
schedules. conducted propertv due diligence. and e·aluated JV ownership through IRR wateríall analvsis.
(onducted propertv. portíolio and corporate-le·el íinancial analvses using NAV. D(l. DDM. LBO. comparable
companv and precedent transactions ·aluation methodologies.

2003 - 2005 1LRRA DLVLLOPMLN1 GROUP, INC. (oral Springs. lL
Part-time, íovvaer ava Pre.iaevt
lounded companv íor purposes oí in·esting in South llorida real estate: e·aluated oííice. condominium and
residential in·estment opportunities bv períorming market and íinancial analvses. and conducting due diligence.
lormed partnerships with contractors to de·elop projects: created business plans. de·eloped pro-íorma íinancial
models and secured >¯00K in construction íinancing írom pri·ate capital partners.
Managed o·erall de·elopment and sales process oí residential properties in Port Saint Lucie. lL.

2005 ACCLN1URL New \ork. N\
Mavager
Led eííort to de·elop a >85M product procurement plan íor the Sprint Nextel merger: analvzed historical sales
data. created channel-le·el íorecasts and coordinated execution eííorts across eight íunctional teams.
(onducted strategic assessment oí the supplv chain planning and distribution íunctions oí Sprint Nextel:
identiíied and de·eloped plans to realize >150M oí svnergies.

1999 - 2005 IBM / PRICLWA1LRHOUSLCOOPLRS CONSUL1ING Los Angeles. (A
.vaty.t · ´evior Cov.vttavt
Kev contributor to íorming a strategic alliance with L2open. an e-commerce soítware ·endor. and generating
>3.2M oí sales: led cross-organizational teams to de·elop ser·ice proposals. model complex pricing scenarios.
conduct risk assessments and re·iew legal terms and conditions.
Planned and deli·ered a signiíicant portion oí a >3M supplv chain integration project íor (ingular \ireless: led
senior client management to design business processes. and managed svstems implementation and user training.
Led eííorts to re-engineer and standardize supplv chain business processes íor lewlett Packard: managed team
oí 10 consultants íor a >2.5M testing phase oí the project. pre·enting a >500K delav.
Designed. de·eloped and implemented commercial-grade supplv chain applications íor i2 1echnologies: clients
included (aterpillar. lalliburton and Siemens AG Munich. Germanv,.

ADDI1IONAL
Proíessional Organizations: Urban Land Institute. National Association oí Industrial & Oííice Properties.
Volunteer: Inter·iew Preparation \orkshop through I-Prep.
Languages & Rele·ant Soítware: Urdu íluent,. lindi íluent,. Argus. Bloomberg.
Kavaking lawaii. Puerto Rico and Brazil,. Snowboarding. (ricket and Indian lusion (uisine.

ERIC TAM
315 W. 82
nd
St. #2A
New York, NY 10024
(415) 377-8650
etam08@gsb.columbia.edu


EDUCATION
2006–2008 COLUMBIA BUSINESS SCHOOL New York, NY
MBA, Finance & Real Estate Concentration (Intended)


Elected: AVP Mentorship – Real Estate Association, AVP Finance – Greater China Society
Member: Investment Banking, Private Equity & Venture Capital, Rugby Football
GMAT: 730 (97
th
Percentile)

1996-2000 UNIVERSITY OF CALIFORNIA, BERKELEY Berkeley, CA
BA, Molecular and Cell Biology - Genetics
Alumni Scholar, President – Lambda Phi Epsilon Delta Chapter

EXPERIENCE
2006 BEAR STEARNS Dallas, TX
Contractor, Production & Acquisitions Operations
• Identified profitability metrics of flow and bulk sellers of residential loans, and developed scorecard
for 400+ sellers for EMC Mortgage CEO and Bear Stearns executives

2001–2006 ACCENTURE San Francisco, CA
Manager, Financial Services - Strategy
• Earned top 5% (“Exceptional”) rating of all consultants in financial services west client group
• Bear Stearns: Developed target operating model for loan production and acquisition operations of
bulk and flow channels
• Accenture: Played critical role in developing post-closing business process outsourcing (“BPO”) asset
• Created industry loan fulfillment cost model and developed BPO model showing savings of over 30%
per closed loan file
• Assisted in developing firm-wide credit fulfillment BPO strategy
• 1
st
National Bank of Arizona: Sold market share analysis consulting project directly to Mortgage CEO
of 1
st
National Bank of Arizona, resulting in $100K+ revenue and 52% margin; assisted in selling
operations assessment and systems implementation consulting project, resulting in $2M+ annual
revenue and 48% margin
• Analyzed alternative agency (“Alt-A”) industry utilizing MBA, HMDA, and Fitch reports, detailing
$6.8B in loan volume opportunities
• Developed business case and sensitivity analysis for originations system implementation, outlining
cumulative net cash flow of $41M and IRR of 63% due to productivity gains and cost savings
• Led business architecture group, consisting of 5 teams and 25+ dedicated resources
• Analyzed post-acquisition wholesale loan fulfillment operations and developed and implemented
streamlined processes across different branches
• Other Clients: Assisted in deal shaping for Royal Bank of Canada, New Century, National City, Absa,
and Western Union
Consultant, Financial Services – Strategy
• Received training in shareholder valuation analysis and competitor analysis
• Wells Fargo: Reviewed mortgage lending credit practices and identified gaps in product and pricing
offerings across different lines of business
• Analyzed loan originations and servicing market data to identify specific areas of opportunity for
market penetration, resulting in $3B+ in potential loan volume
• Other Clients: Providian (now Washington Mutual Card Services), CSAA
Analyst, Financial Services
• Washington Mutual: Test lead and subject matter expert for mortgage lending calculations

ADDITIONAL INFORMATION

• Conversational in Mandarin and Cantonese Chinese
• Proficient in MS Excel, PowerPoint, Word, Project, and Visio
• Interests include rugby, basketball, softball, and snowboarding







Cornell
Cornell University



Andrew Chiao


Michael Cook


Matt Holzemer


Daniel Lentz

Reza Tabatabai


Ben Weissbourd

Andrew Chiao 
123 S. Quarry St., Ithaca, NY 14850 Tel:(408)802-6302 andrewchiao@gmail.com

Education Cornell University 05/07
• M.S. in Business Administration
California State Polytechnic University, Pomona 12/01
• M.S. in Electrical Engineering (Computer Engineering Option)
University of California Los Angeles (UCLA) 6/99
• B.S. in Chemical Engineering

Publications A. Jayaraman, A. S. Chiao, J. Padin and R. T. Yang, "Kinetic Separation of Methane/Carbon Dioxide by
Molecular Sieve Carbons," submitted to Separation Sciences and Technology

Projects CalPoly Pomona
• Thesis: Designed a 32-bit RISC CPU utilizing the Tomasulo Algorithm
• Verilog: Designed a single cycle and pipelined CPU, serial binary to BCD converter, serial
comparator, and an excess-3 adder/subtractor
• VHDL: Designed a multi-state traffic light controller, divider using successive subtraction, serial
carry save adder (CSA), and a BCD to binary converter
• Java: Designed a multi-threaded clock application that displayed the time in analog and digital at
the same time utilizing double buffering

Work
Experience
Intel Corporation, Santa Clara, CA 4/04-Current
EMG Senior Quality & Reliability Engineer
Montecito Quality & Reliability Program Manager
• Manage the quality and reliability function of the Montecito Program Lifecycle (PLC) from the
Initiation/Planning phase through the Validation/Sustaining phase.
• Lead a team of six employees and leverage resources across Intel partner organizations.
• Forecast component degradation, perform validation experiments, and audit design methodologies.
• Prioritize group objectives and serve as the single point of contact solving complex technical
challenges in tight time frames while ensuring quality and reliability goals are met
• Meet regularly with senior management to identify concerns and review progress.


Montecito Burn-In Owner
• Developed all hardware and software components to deliver robust manufacturing capability and
meet Intel's quality requirements.
• Designed the microprocessor’s Burn-In solution and managed communications with various Intel
partner organizations including Design (DE), Test Development (TD), and Product Development
Engineering (PDE)
• Developed Burn-In test patterns and created the hardware infrastructure to support the new product.
• Reviewed artwork designs, tested initial revisions, and redid the design several times until the
hardware worked properly.
• Trained my eventual replacement upon my promotion to Montecito Quality and Reliability Program
Manager.

Intel Corporation, Santa Clara, CA 4/02-4/04
EMG Quality & Reliability Engineer
Madison 9M Burn-In Owner
• Debugged for errors and managed the entire product life cycle.
• Designed the Burn-In test patterns and recommended necessary hardware changes for the new
Itanium2 microprocessor.
• Worked with lead Design & Manufacturing engineers and delivered the Burn-In test patterns on
time and without issues.
• Persuaded senior management to boost the Burn-In oven’s power capacity increasing yields by
20%.
• Trained my direct report to assume this position upon my promotion to Montecito Burn-In Owner.


Madison Burn-In Owner
• Debugged errors resulting from Burn-In stress tests and identified solutions, improving yields by
33% and reducing Burn-In stress time by 25% saving the corporation millions of dollars in
manufacturing costs.
• Managed engineers located in Penang, Malaysia.
• Gathered data, reviewed results, and mentored subordinates.
• Trained my replacement upon my promotion to Madison 9M Burn-In Owner.

Intel Corporation, Santa Clara, CA 6/01-4/02
Fault Isolation Engineer Graduate Intern
• Debugged microprocessor failures on both the Pentium 4 (Willamette) and the Itanium
microprocessors (McKinley).
• Wrote many programs utilizing the Perl language to automate the identification of failing locations
used by many Intel organizations.
• Expanded my technical expertise through using Intel-specific schematic and layout CAD tools.

Entrepreneurial
Experience
Accord Realty, South El Monte, CA 5/02-Current
CEO
• Founded my own realty company to buy/sell homes for clients as well as transact my own
investments.
• Acquired over $2 million worth of assets located in Las Vegas, San Francisco, and Los Angeles.
• Exclusive Listing Broker for a 3-unit townhouse project worth $1.8M.

DGI Motorports, San Gabriel/San Jose, CA 9/01-12/02
CEO
• Founded an e-commerce website to sell aftermarket automotive performance parts.
• Set up 5 distributor and dealer accounts with all the major manufacturers.
• Traveled to Japan to identify sources for performance wheels.
• Marketed the website through online forums and other specialty web sites selling parts to people all
over the United States and Canada.
• Grossed $20,000 in annual earnings.

NCK Development, El Monte, CA 7/99-6/01
Project Manager
• Led an 8-unit townhouse project worth $3.2M.
• Set record for high sale price in Arcadia.
• Project won the Arcadia Beautiful Award (Jerry Broadwell Firefighter Award) for best new
housing development in June 2001.
• Led a luxury custom home project worth $1.3M.
• Supervised the general contractor and various subcontractors.
• Delegated tasks and managed team of 10 workers.
• Coordinated schedules, negotiated contracts with subcontractors, applied for building permits and
variances, researched suitable materials, and met with city inspectors.
• Worked with the architect and suppliers to implement design changes such as indoor/outdoor
window trims, ceiling treatments, and bathroom designs.

Skills • Fluent in Chinese (Mandarin) and conversant in Spanish
• Verilog, VHDL, Perl, Java, C/C++, Fortran, Motorola 68HC11/Intel 80x86 Assembly
Language, Microsoft Windows 95/98/NT/2000/XP, Word, Excel, PowerPoint, Unix, HTML
• Licensed California Department Real Estate Broker

Affiliations • California Association of Realtors (CAR)
• National Association of Realtors (NAR)
• West San Gabriel Valley Association of Realtors (WSGVAR)
• Bayeast Association of Realtors

Personal • U.S. Citizen, References available upon request
MICHAEL COOK
2531 Clara Dickson, Ithaca, NY 14853
607-592-9520 mc140@cornell.edu
Education CORNELL UNIVERSITY, Johnson Graduate School of Management Ithaca, NY
Master of Business Administration, May 2007 GPA: 3.71
President- Associate Real Estate Club (82 members)
President- Volleyball Club (15 members)
Real Estate Case Competition Team Member
Dean’s Fellowship Recipient- Full tuition award based on leadership, academic 
achievement, and community service 
Teaching Assistant- Consulting Management Projects, Hotel Strategy, and Excel Skills
CORNELL UNIVERSITY Ithaca, NY
Bachelor of Science, May 2002
President & Founder of the first minority investment club
Experience BEAR STEARNS ASSET MANAGEMENT New York City, NY
Summer Private Equity Summer Intern
2006 • Developed a plan to measure the risk of a Real Estate, Leveraged Buyout, or Venture Capital investment
based on Value at Risk
• Evaluated potential strategic acquisitions of hedge funds and private equity funds
• Presented strategic and financial analysis directly to the CEO
• Created a revenue model to forecast the growth of all Bear Stearns Asset Management funds
• Worked with CEO to develop a gap analysis and an acquisition plan to meet future growth targets
• Shadowed CEO to better understand the process of deal generation, flow, and execution
2004-2005 COOK ENTERPRISES Grosse Pointe Woods, MI
Private Real Estate Investment Firm
• Constructed a valuation model based on Discounted Cash Flows and replacement cost to determine
rehabilitation profitability resulting in over $400,000 in profitable projects
• Bought and sold four residential properties for a profit in Michigan, California, and Virginia
• Managed four contractors to rehab three houses
• Developed and presented a business plan to a small investment group to successfully raise $10,000
2002-2005 THE PROCTER & GAMBLE COMPANY Troy, MI
Category Development Account Executive
• Managed $50 million in Procter & Gamble Cosmetics sales at Kmart
• Increased display sales 39% over goal and shipments 10% over goal, despite significant decline in Kmart
customer base and category sales post bankruptcy
• Produced a new Excel based ad tracking database and analysis tool, which became one of Procter &
Gamble’s Current Best Approaches to ad analysis
• Led a team of six trainers to train 35 people in Excel skills, data analysis, and Kmart specific software
• Established best practices for display analysis by retooling Kmart’s display analysis Excel template, enabling
Procter & Gamble to become the Category Captain for cosmetics at Kmart
THE PROCTER & GAMBLE COMPANY San Ramon, CA
Account Manager
• Accountable for $20 million in sales, representing 50% of Procter & Gamble sales at Longs Drug stores
• Increased shipments by 35% over goal, sales by 24%, and sold in 40 incremental items
• Created a method to analyze corporate events and presented analysis to the Vice President of merchandising,
which resulted in 13 new promotions and $2 million in incremental sales
• Lead minority recruiting effort for Procter & Gamble at Cornell resulting in two hires
Awards Future Leaders Program for employees expected to move into Senior Management (2005), Kmart Team SOAR
award for outstanding performance (2005), Tom O’ Brian Top 10% Performer Award (2004), First person
promoted in hiring class (2004), Baby Care Award for largest growth at a customer (2004)
Personal • Integrated Properties- Volunteer Special Projects Intern, Ithaca, NY 2005-2006
• Mentor-Triple IQ Investment Club and undergraduate minority business students, Ithaca, NY 2006-Present
• INROADS Member- Four Year Intern and Manager of two interns, Chicago, IL 1998-2004
• Semi-Professional Volleyball- Middle Hitter, San Francisco, CA 2002-2004
• Diamond Council of America- Certified Diamondologist, San Francisco CA 2003-Present

MATTHEW HOLZEMER
223 N. Willard Way, Ithaca, NY 14850
m: 646-753-0843, e: mwh36@cornell.edu, www.mattholzemer.com

Education CORNELL UNIVERSITY, Johnson Graduate School of Management Ithaca, NY
Master of Business Administration, May 2007; concentration in real estate finance

Kenneth M Good Fellow; UT Austin Goldman Sachs Real Estate Finance Case Competition;
ULI Hines Urban Design Competition; Vice President, Real Estate Club: led first-ever club trek;
Vice President, Skiing Club; Real Estate Career Advisor


UNIVERSITY OF CALIFORNIA at BERKELEY Berkeley, CA
Master of Civil Engineering: Construction Engineering and Management, May 2000
Full scholarship; Published research; Director, Berkeley Contractor Development Program

UNIVERSITY of WASHINGTON Seattle, WA
Bachelor of Science: Construction Management, June 1999; concentration in architecture
President Sigma Lambda Chi Honors Society; Dean’s List; NAHB Real Estate Competition

Experience TOLL BROTHERS, Urban Division, Naval Square Project Philadelphia, PA
Summer,
2006
• Oversaw legal assignment of subcontracts worth $60MM to Toll Brothers after General
Contractor was fired; developed auditing process to ensure contract balances were correct


ARTSPACE, Non-Profit Real Estate Developer for the Arts, PS 109 Project New York, NY

• Launched sustainable building initiative; evaluated how to apply green building strategies
on an affordable live-work project; submitting for green subsidies worth up to $2.5MM


2004-2005 MURRAY FRANKLYN, Urban Development Group Seattle, WA
Project Manager

• Led team of 15 design consultants and direct report field staff to achieve construction
budget and schedule goals for $14MM urban mixed-use loft condominium project


• Generated 10% savings against budget through bidding, negotiation and contracting of
$4.9MM of design and construction services


2002-2004 BAA & STRATEGIC PROJECT SOLUTIONS, $8B Heathrow T5 Project London, UK
Construction Logistics Consultant

• Led consulting team charged to reduce work stoppages due to lack of critical materials;
rolled-out Internet-enabled procurement system used to execute 4,000+ site deliveries


• Increased site piling installation 50% to achieve a critical schedule milestone by
supervising organizational and “lean” pile-factory floor improvements


• Reduced drawing lead time on $1B Civils phase 85% with positive impact on project
schedule by analyzing design process and implementing an innovative 3D design system


2000-2002 CONNER HOMES COMPANY, Urban Development Group Seattle, WA
Development Manager

• Led $18MM urban mixed-use project to profitability by obtaining City zoning variances;
held public meetings, worked with local groups and media to mitigate neighbors’ concerns


• Achieved aggressive design and entitlements schedule milestones for $36MM urban
mixed-use project; supervised design team of 7; crafted marketable units and retail space


• Located new development opportunities; conducted property due diligence; presented
potential projects to senior management; negotiated purchase and sale agreements


• Developed new mixed-use financial model and conceptual cost estimating database;
prepared market analysis and detailed construction cost estimates


Personal ULI Young Leader; taught skiing to disabled children with “Ski-for-All”; Phi Kappa Sigma
Fraternity; speak basic French; enjoy travel, rowing, architectural and life drawing

DANIEL LENTZ
215 Center St, Ithaca, NY 14850
607-351-7812 dyl9@cornell.edu

Education CORNELL UNIVERSITY
Program in Real Estate
Ithaca, NY

Master of Professional Studies in Real Estate, May 2009
Concentration: Real Estate Development & Management
Johnson Graduate School of Management

Master of Business Administration, May 2009
Concentration: Real Estate Finance

Clubs: Associate Real Estate Council; National Real Estate Challenge Team (case competition)

Roy H. Park Leadership Fellow: Two-year full tuition fellowship award based on leadership ability,
academic achievement, and commitment to community service

THE UNIVERSITY OF TEXAS AT AUSTIN
McCombs School of Business
Austin, TX

Bachelor of Business Administration, Finance, December 1999
Experience DELL, INC. Austin, TX & New York, NY
2000-2006 Global Account Manager / Account Executive
• Promoted five times in six years and commended for leadership and consistent performance under
pressure; exceeded 100% annual attainment five out of six years at Dell
• Generated, developed, and closed new business with Fortune 500 corporations; contracts estimated
at over $75 million
• Managed $20-30 million in annual revenues across Dell’s entire suite of products and services
• Achieved over 110% average annual attainment against multi-million dollar quotas; quotas
increased up to 175% per year
• Composed and structured bid proposals; articulated contract offers through formal negotiations and
presentations
• Created and analyzed clients’ pro-forma profit and loss statements with finance team
• Coordinated global, account-specific, multi-functional teams of up to 20 members to acquire and
maintain long-term purchasing relationships with clients

NATIONWIDE MORTGAGE, INC. Austin, TX
1998-1999 Loan Closing Coordinator
• Processed, coordinated, and closed approximately $15 million in residential mortgages per year
• Organized efforts of lenders, title companies, insurance agents, realtors, and appraisers in nearly 50
transactions to ensure timely closing and funds distribution
BARGE PROPERTY MANAGEMENT CORP. Austin, TX
1998 Property Manager
• Managed 250-unit mini-storage property
• Responsible for lead generation, leasing, accounting, and rent roll management
• Increased occupancy rate by over 30% in three-months preceding property sale, raising property
value and sale price for owner

Awards • Dell “Circle of Excellence” Winner, Top 5% Achiever: 2003
• Dell Northeast Acquisition “Account Executive of the Year”: 2003
• Dell Northeast Acquisition “Account Executive of the Quarter”: Q4 2005, Q1 2003
Personal • Youth group leader and volunteer soccer coach with inner-city youth in Trenton, NJ
• Founder of volunteer organization pairing undergraduate mentors with at-risk youth in Austin, TX
• Spent summer of 1997 serving in various volunteer organizations in inner-city New York
• Ithaca Homeless and Housing Task Force, volunteer


REZA TABATABAI
418 N. CAYUGA RD · ITHACA, NY 14850,
CELL: 805.452.8591 · EMAIL: rt79@cornell.edu



EDUCATION: Cornell University Ithaca, NY
• Candidate, Master of Professional Studies in Real Estate, May 2007
• Concentration in Investment, GPA 3.9/4.0
• 2005 National Real Estate Finance Challenge, Cornell Team
Member
• 2006 Graduate Assistant: Principles of Real Estate

University of California Santa Barbara, CA
• Bachelor of Arts in Environmental Studies, June 2000
• Outside Concentration in Religious Studies

EMPLOYMENT:

06/06- Seedco Financial Services New York, NY
08/06 Financial Service Intern
• Analyzed capitalization of loan fund exceeding $25MM and portfolio
of credit facilities in excess of $20MM.
• Modeled financial statements, portfolio analysis, and capitalization
analysis for new $2MM revolving loan fund.
• Developed pricing model, servicing standard for real estate credit
facilities and portfolio management reports as part of $50MM
investment proposal due diligence package.
• Developed financial models and tools that were utilized in launching
new loan fund program.

04/03- City of Santa Monica Santa Monica, CA
05/05 Associate Planner
• Acted as project manager, successfully directing up to 30 projects
during the length of the entitlement process.
• Continually completed each project in strict compliance with
Federal, State, and City mandated timeframes and guidelines.
• Officiated City’s Architectural Review Board bi-monthly public
meetings.

11/00- County of Santa Barbara Santa Barbara, CA
04/03 Planner II
• Assigned as project manager for up to 40 development projects at
one time
• Completed comprehensive site analysis and analysis of
environmental and geological resources for projects.
• Completed Negative Declarations and Initial Studies on a new
27,000 square foot office building and a 120 acre subdivision.

PERSONAL: Computer: MS Office suite, Classroom exposure to Argus and @ Risk
Travel: Europe (Summer 2000), Asia (Spring 2005)



BENJAMIN WEISSBOURD
100 Fairview Square, Apt. 6K, Ithaca, NY 14850
206-718-0882 | bjw46@cornell.edu


Education CORNELL UNIVERSITY, Johnson Graduate School of Management Ithaca, NY
Master of Business Administration, expected May 2008
Roy H. Park Leadership Fellow: two year full tuition fellowship awarded based on
leadership, achievement, and community service
Real Estate Finance Concentration
Associate Real Estate Council, Old Ezra Finance Club, Basketball Club

STANFORD UNIVERSITY Stanford, CA
Bachelor of Arts, History with Honors, June 2003
Nominated for the history department thesis prize and received high honors distinction


Experience THOMSON FINANCIAL San Francisco, CA
2004-2006 Associate/Senior Associate, Corporate Advisory Services (CAS)
• Presented findings of corporate action, shareholder segmentation, analyst
perception and technical analysis studies to senior management of publicly traded
technology clients, including Fortune 50 companies
• Led a team responsible for Thomson’s CAS expansion into the Chinese ADR
market; increased market presence by 50%
• Wrote and taught training sessions to fifty-person classes of new hires in San
Francisco, Chicago and New York
• Received Thomson Outstanding Performers Platinum Award for superior client
service and 100% client retention rate
• Received a firm-wide Best Practices Award for developing the Technology Bull-
Bear Report analyzing multi-billion dollar asset flows in the technology sector
• First in my hiring class promoted from Associate to Senior Associate (10 months)

2001-2004 DUN PARTNERSHIP, LLP Seattle, WA & San Francisco, CA
Assistant Fund Manager
• Managed asset allocation for an actively traded portfolio invested across multiple
asset classes, including fixed income and real estate
• Responsible for REIT and private real estate due diligence on deals of up to $1.5M
• Researched domestic and international real estate markets, recommended buy and
sell timelines, and detailed specific market risks
• Outperformed the S&P 500 each calendar year, average out performance of 7.7%


Personal • Coro Northern California Community Leadership Program Alum
• Extensive research and writing experience, including producing 100 page thesis
• Peer Advising Associate, Stanford Undergraduate Advising Center
• Avid fly fisherman, Founder and President, Flyfish Stanford
• Volunteer Basketball Coach, Sequoia YMCA









Darden
University of Virginia – Darden






Richard H. Ellis Jr. Jeffrey Eason Galanti Patrick Clifford Graney IV






Brandon M. Lee Michael Jayson Lipsey Brian Todd Mathis
RICHARD H. ELLIS JR.
134-05 Ivy Drive • Charlottesville, VA 22903 • (703) 655-8738 • EllisR07@darden.virginia.edu

E

DUCATION
Darden Graduate School of Business Administration Charlottesville, VA
University of Virginia
Candidate for Master of Business Administration, May 2007
• Member of Real Estate Club and Marketing Club.

Vanderbilt University Nashville, TN
Bachelor of Science, Human & Organizational Development major, May 2001
• Minor in Business Administration.
• Elected Vice President of sixty-five-member Zeta Beta Tau fraternity (1999-2000).
• Volunteer for Our Kids, a non-profit assisting sexually abused children (1998-2001).

EXPERIENCE
Summer 2006 NVR, Inc. Fairfax, VA
Large public homebuilding and mortgage company with market capitalization of roughly $3B.
Summer Associate, Land Acquisition
• Evaluated land acquisition opportunities through pro-forma cash flow analysis, site feasibility
assessment, lot price valuation, and deal structure determination.
• Prepared in-depth financial analysis and market data to guide the renegotiation of several large land
option contracts totaling roughly $200MM in contract value.
• Developed 16-county Market Analysis Report forecasting annual entitlements and market share
expectations for NVR subsidiaries Ryan Homes and NV Homes. Report will be used by CFO and
Corporate Planning Division to set five-year lot acquisition and market share goals.

2005 Yeonas & Ellis, LLC McLean, VA
Land development and custom homebuilding company operating in the Washington, DC area for over
fifty years.
Business Development/Marketing Associate
• Assisted in creation of marketing plan for Spring Hill Farms (a new home community featured in
Southern Accents magazine).
• Developed market research reports and cash flow analysis for four potential land acquisitions with
total value of $25MM.
• Negotiated land acquisitions and new home sales as part of supporting team to firms’ principals.

2001-2005 USA TODAY McLean, VA
Advertising Sales Representative
Management
• Managed Advertising Department's $5.2MM legal category.
• Directed Ruth's Chris Steakhouse, Belvedere Vodka, Business Roundtable, and Popeyes accounts,
resulting in annual net revenues of $950K in 2002 and exceeding sales goals for each account.
• Developed advertising proposals, pricing strategies, and sales presentations.
Leadership
• Increased revenue from 65% to 139% of quota in nine-month period, exceeding goal by $850K.
• Designed and implemented new “Frequency Discount Program” which resulted in additional revenue
of $450K from the category’s ten core accounts in six-month period.
• Oversaw accounts receivable, credit authorization, and production processes.
• Led outside sales calls and gave presentations to advertising agencies, corporations, and law firms.
Strategy
• Appointed to head committee of five charged with developing a strategy for introducing a new golf
advertising section which launched successfully in April 2005.
• Presented sales forecasts and strategic recommendations monthly and annually to company’s
Management Committee.

A

DDITIONAL INFORMATION
• Member of Urban Land Institute.
• Youth basketball coach for McLean Youth Basketball (2002-2004).
• Avid golfer and sports enthusiast.
JEFFREY EASON GALANTI

437 Moseley Drive • Charlottesville, VA 22903 • 434-825-1905 • galantij07@darden.virginia.edu

EDUCATION
Darden Graduate School of Business Administration Charlottesville, VA
University of Virginia
Candidate for Master of Business Administration, May 2007
• GMAT Score: 720
• Member – Darden Real Estate Club
• Member – Darden General Management and Operations Club
• Mentor – Darden Career Services Mentoring Program

School of Engineering and Applied Science Charlottesville, VA
University of Virginia
Masters of Engineering - Systems Engineering, August 2002
• Worked as a Graduate Research Assistant in the Smart Travel Laboratory, a Virginia Department of
Transportation research laboratory

School of Engineering and Applied Science Charlottesville, VA
University of Virginia
Bachelor of Science - Civil Engineering, May 2001
• Member of Chi Epsilon Civil Engineering honors fraternity

EXPERIENCE

Summer 2006 C.W. Hurt Contractors and Virginia Land Company Charlottesville, VA
Local developer responsible for many large-scale developments in the Charlottesville and Albemarle
County markets.
• Created and analyzed new concepts for existing company properties
• Ran feasibility analyses using pro formas and other valuation techniques
• Worked with landowners to discuss terms for acquisitions of new parcels
• Conducted research on properties to determine division rights, tax status, easements and other
relevant development criteria
• Negotiated with relevant government officials on items ranging from tax credits to zoning rights

2002-2005 Century Concrete, Inc. Richmond, VA and Virginia Beach, VA
Commercial concrete contractor specializing in large-scale projects such as shopping malls, retail
stores, warehouses and military facilities.

Project Engineer
• Established new system for tracking profitability on $3 million to $10 million projects
• Personally set schedule, bought materials and negotiated with general contractors on an urban
renovation project that achieved 38% gross profit
• Set and managed conformance to schedule requirements for various simultaneous projects
• Tracked project spending and budget constraints, making corrections where necessary in manpower
and resource allocation
• Made purchasing decisions relating to construction materials, tools and equipment
• Enforced subcontractors’ adherence to construction schedules and to the specific subcontract
requirements
• Coordinated with project managers to reduce project costs through sharing of assets such as excess
materials, reusable equipment and tools

PERSONAL
• Proficient in Spanish
• Avid runner and biker
PATRICK CLIFFORD GRANEY IV
1026 Huntwood Lane • Charlottesville, VA 22901 • (703) 786-9648 • GraneyP07@darden.virginia.edu

E

DUCATION
Darden Graduate School of Business Administration Charlottesville, VA
University of Virginia
Candidate for Master of Business Administration, May 2007
• Selected as the sole First Year student to represent Darden in the 4
th
Annual Real Estate
Challenge at the McCombs School of Business in Austin, TX
• Membership: Real Estate Club; Private Equity Club; Entrepreneurial and Venture Capital Club;
Finance Club; Outdoors Club

University of Virginia Charlottesville, VA
Bachelor of Arts in History, May 2000
• Member: Zeta Psi Fraternity; Eli Banana Ribbon Society

E

XPERIENCE
2006 Petroleum Products, Inc. / One Stop, Inc. Distribution / C-Store Operations Charleston, WV
Intern, Strategic Planning & Finance
• Developed comprehensive strategic planning and sensitivity forecasting model for convenience
store chain with 45+ locations throughout West Virginia
• Recommended, modeled and outlined key strategic planning initiatives for the chain including
store rebuilds, divestitures, acquisitions and additional revenue and cost cutting opportunities
• Created a “retained gallons” acquisition model to assist CEO in determining value, return on
investment and negotiation strategy for a potential acquisition of a competitor

2001 - 2005 Trammell Crow Company (TCC) Commercial Real Estate Washington, DC
Associate, Corporate Advisory Services Group
General Achievements
• Executed 53 transactions valued in excess of $182.5 million for 36 clients resulting in $4.2
million in revenue
• Key clients included Bank of America, Bryan Cave LLP, Jackson Kelly, Tax Analysts,
American Express, American Postal Workers Union and The College Board
Project Management
• Managed several teams of architects, lawyers, construction managers and brokers to complete
client transactions
• Spearheaded Washington Hospital Center Fundraising Committee raising $50,000 from clients,
competitors, vendors, employees and the general public for the hospital’s courtyard renovation
Marketing / Business Development
• Identified, targeted and contacted specific high potential prospective clients
• Developed network throughout the real estate community to acquire insight on the market,
competitors, vendors and potential client and employee prospects
• Negotiated profitable fee arrangements with clients and client’s vendors
• Created flexible map marketing tool with vendor to assist in winning and implementing business
• Authored several RFP proposals for department resulting in significant business
• Organized several successful client entertainment events to strengthen relationships
Client Service
• Analyzed and presented detailed economic, market and building related issues to clients
• Served as key contact for clients and prospects before, during and after the transaction process
• Negotiated lease and sale letters of intent and contracts

O

THER
• House Captain for Darden’s Christmas in April community service project
• Maintain Real Estate License in DC, MD, VA, WV
• UVA Class of 2000 Five Year Reunion Fundraising Committee - Green Party
• Youth Lacrosse Coach: 1998, 1999, 2000, 2002, 2003 & 2004
• Runner for NBC during the 2000 Summer Olympic Games in Sydney, Australia
• Hatchery Run Homeowners Association – Chairman of the Fishery Committee, member of the
Architectural Review Committee
BRANDON M. LEE
5440 Hilltop St. • Crozet, VA 22932 • 434-806-4013 • LeeB07@darden.virginia.edu

E

DUCATION
Darden Graduate School of Business Administration Charlottesville, VA
University of Virginia
Candidate for Master of Business Administration, May 2007
• Elected VP of Real Estate and Entrepreneur and Venture Capital Clubs; member of Consulting Club.
• Elected as Outreach Representative; Christmas in April House Captain

Brigham Young University Provo, UT
Bachelor of Science in Accounting, 2001
• President, Student Alumni Association – Selected as one of six for full-tuition leadership scholarship
• Created and led program that tripled student contribution rate to university endowment to over 22%.

E

XPERIENCE
Summer 2006 Woodside Homes, Inc. Salt Lake City, UT
National residential land developer and home builder
Intern- Land Acquisition and Development
• Negotiated and executed acquisition of four parcels of land as part of an assemblage for a 200-acre
community development.
• Negotiated with ARMY Corp of Engineers to obtain extremely favorable ratios for wetland
mitigation which increased expected profits by $200,000.
• Created marketing material for a $10.5M investment offering of prime residential development.
• Performed financial analysis and gave determinations on several potential land acquisitions.

2003-2005 Montigen Pharmaceuticals, Inc. Salt Lake City, UT
Oncology-focused R&D drug discovery and development start-up
Chief Financial Officer
• Raised $1M of $5M Series A financing round through several persuasive presentations to potential
investors and by leveraging relationships, enabling the company to continue operations and escalate
the development of its two lead compounds.
• Managed $2.5M annual budget; forecasted three-year capital budget including required steps to
begin and complete the FDA clinical trials; ensured efficient usage of limited resources enabling the
company to accurately plan the development strategy.
• Instrumental in charting and implementing the strategic direction of the company, which led to the
attraction of potential acquirers by demonstrating high operating efficiencies with limited resources.
• Negotiated discounts on contracts with outsourced service providers resulting in thousands of dollars
of cost savings.
• Saved company thousands of dollars in overhead by performing multifunctional responsibilities
including human resources, public relations, and general counsel.

2001-2003 KPMG Washington, DC
Senior Associate, Audit
• Supervised engagement teams on projects covering range of both industries and company size and
effectively completed all client engagements on time and on budget.
• Selected to hold second-year lead responsibilities as a first year associate.
• Performed in top tier of my peers in annual efficiency for two continuous years.
• Researched numerous technical accounting standards and ensured proper application for clients.

2000 Priceline.com Norwalk, CT
Intern - Adaptive Marketing Team
• Developed retention and activation strategy for Discover Card, our largest partner, which expected to
generate 25% increase ($250,000) in revenue per month.
• Analyzed competitive landscape of major Loyalty/Rewards Programs by identifying successful
practices and current trends, resulting in formulation of a rewards program for Priceline customers.

P

ERSONAL
• Certified Public Accountant.
• Regional Mission Leader, supervising over 180 full-time volunteers, Washington D.C. (1996-1998).
• Boy Scouts of America, Volunteer Scoutmaster (2001-2004), Eagle Scout.
• Play saxophone and piano; enjoy soccer, skiing, and extreme jeep driving.
MICHAEL JAYSON LIPSEY
977 Seminole Trail, #116 • Charlottesville, VA 22901 • 704-582-9250 • lipseym08@darden.virginia.edu

E

DUCATION
Darden Graduate School of Business Administration Charlottesville, VA
University of Virginia
Candidate for Master of Business Administration, May 2008

Washington & Lee University Lexington, VA
Bachelor of Science in Accounting and Business Administration, June 2001
• President and Founder, Generals’ Christian Fellowship, a non-denominational student ministry
• Captain, Washington & Lee Varsity Football Team
• President, The Fraternity of Phi Gamma Delta


E

XPERIENCE
2001-2006 Parkway Properties, Inc.
Parkway Properties, Inc. is a self-administered real estate investment trust specializing in operations,
acquisition, ownership, management, and leasing of office properties.
Asset Manager (2006) Charlotte, NC
• Responsible for the asset management of 1.6 million square feet of office buildings valued over $147
million
• Created and directed implementation of strategic plan for North and South Carolina portfolio
• Oversaw and managed 26 real estate professionals ranging from building engineers to regional
managers
• Involved in strategic asset acquisition and disposition decisions for the North and South Carolina
portfolio
• Reported directly to Executive Vice President and Senior Asset Manager

Regional Manager (2004-2005) Charlotte, NC
• Responsible for the management and operations of North Carolina assets totaling 750,000 square feet
• Managed the turnaround of Parkway’s most challenged market to become a Top 5 Parkway market
in customer satisfaction
• Designed and executed strategic plan and goals enabling North Carolina portfolio performance
enhancement
• Responsible for lease transactions totaling over 170,000 square feet
• Hosted NYSE Board of Directors quarterly meeting and presented on successful program in North
Carolina

Property Manager (2003-2004) Houston, TX
• Managed three office buildings totaling 425,000 square feet
• Leased over 160,000 square feet in a twelve month period to fill most significant vacancy in Parkway
history
• Featured in Parkway Properties Annual Report for development and execution of successful leasing
program
• Responsible for third-party management of Panattoni Development Company’s Houston Assets

Property Manager (2002-2003) Houston, TX
• Responsible for successful turnaround and market repositioning of underperforming office building
• Led daily operations of property management and third-party leasing teams
• Planned and managed capital expenditures in excess of $1 million

Acquisition Analyst (2001-2002) Jackson, MS
• Served as acquisition team leader for purchase of 412,000 square foot office building portfolio
• Worked as an acquisition analyst on over $75 million of successful acquisitions
• Acted as director of market information for all Parkway markets
• Modeled several million square feet of potential acquisitions using various financial models
including ARGUS software


BRIAN TODD MATHIS
1764 Sugar Maple Court • Charlottesville, VA 22903 • 301-908-4858 • MathisB07@darden.virginia.edu

E

DUCATION
Darden Graduate School of Business Administration Charlottesville, VA
University of Virginia
Candidate for Master of Business Administration, May 2007
• GMAT 720
• Member of Real Estate and Finance Clubs

Emory University Atlanta, GA
Bachelor of Arts in Economics, May 2002
• Phi Beta Kappa, GPA 3.93

E

XPERIENCE
Summer 2006 Centex Homes Naples, FL
Second largest U.S. homebuilder with revenues of $14.67B in 2005.
Strategic Marketing Intern
• Performed market feasibility study for mid- and high-rise buildings on a $212M property.
Presented recommendations to Division President and competing architectural firms. Led
to changes in product mix strategy that will improve profit margins.
• Built comprehensive home pricing model to be used to evaluate home prices for all Centex
properties in key SW Florida region.
• Improved firm’s consumer survey to increase response rate, attain actionable data, and
improve accuracy of responses.

2002-2005 Congressional Budget Office (CBO) Washington, D.C.
Assistant Analyst, Macroeconomics Division
• Modeled automobile sales and production based on regression analysis of macroeconomic
variables and presented semi-annual reports, which improved CBO’s forecasts.
• Created economic outlook presentation based on analysis of all sectors for CBO Director to
use in speeches to Federal Reserve Chairman Alan Greenspan, Senators, and Congressmen.
Increased credibility and national reputation of CBO’s analysis.
• Designed new system to create publication graphics, which improved quality, reduced
possibility of human error, and cut production time by more than 30%.
• Raised efficiency of all data manipulation methods, and assigned responsibility for training
Assistant Analysts on new methods.
• Received merit-based pay increases of 15% based on “outstanding” performance reviews.

L

EADERSHIP / COMMUNITY SERVICE
2005-2006 Opportunity Consultants Inc. Charlottesville, VA
• Performed market feasibility study for Olympic speed-skating rink.
• Designed and implemented survey of high-school athletic directors in nine counties.
• Presentation of results convinced Central Virginia Sports Foundation to pursue an indoor
multi-purpose turf facility to better meet community needs and improve funding prospects.
2003-2005 Amidon Elementary School Washington, D.C.
Volunteer Tutoring Program Coordinator
• Recruited 25 co-workers to tutor 6
th
grade students. Coordinated with school
administrators/teachers to manage volunteers’ weekly schedules.
• Implemented program changes that boosted tutor participation and increased student
involvement by 50%.






Duke
Duke University – The Fuqua School of Business





Lewis Cook Patrick English Josh Payne

LEWIS E. COOK
2211 Hillsborough Road, Apartment 3023 • Durham, NC 27705
(512) 917-1461 • lewis.cook@fuqua.duke.edu

EDUCATION
DUKE UNIVERSITY, The Fuqua School of Business, Durham, NC
Master of Business Administration, May 2007. GPA: 3.90. Awarded Fuqua Merit Scholarship. GMAT: 750.
Dean’s List, 2006. Career Development VP for Real Estate Club. Admissions Volunteer. Finance Club.
Concentration in Finance.

PRINCETON UNIVERSITY, Princeton, NJ
Bachelor of Arts in Economics, June 2001. GPA: 3.73. Cum Laude. Varsity Water Polo Team, 1998-2001.
All-Academic Collegiate Water Polo Team, 1998-1999.
Semester Abroad at the University of Melbourne, Australia, 1999. Ormond Scholar Award recipient.

EXPERIENCE
Summer 2006 CYPRESS REAL ESTATE ADVISORS, Austin, TX
Summer Associate
Real estate private equity firm specializing in urban redevelopment projects
• Analyzed and made recommendation for selection of a property management company for a $27
million property, saving $68,000 per year.
• Created financing package and participated in discussions with neighborhood group, land
planners, and builders for a $41 million mixed-use project.
• Coordinated due diligence and analysis for acquisition of a retail center and adjacent tracts.

2003-2005 JOHN LEWIS COMPANY, Austin, TX
Associate, Commercial Real Estate
Entrepreneurial firm focused on development and redevelopment of retail and mixed-use projects
• Initiated and closed over $6 million in real estate transactions through leasing and sales.
Additionally, contributed to closing of over $22 million in other transactions.
• Started a web press printing business in an abandoned 28,000 SF warehouse. Efforts resulted in a
profitable company chosen within first year for multiple contracts to print Dell product manuals.
• Managed cross-functional teams of architects, engineers, and land planners external to the firm
successfully through the permitting process of local municipalities for 8 different projects.
• Co-led Young Men’s Business League weekly tutoring program for at-risk high school students.

2001-2003 THE PARTHENON GROUP, Boston, MA
Associate Consultant
Strategic advisory firm focused in business development, profit improvement, and acquisition strategy
• Co-led a team in developing market forecast models for an $8 billion industrial firm. Results
allowed client to more accurately set revenue targets and more quickly adapt to market conditions.
• Selected as the only U.S.-based consultant to help lead a strategy workshop in the Netherlands for
a $400 million software company. Ideas presented were well received by the executive board.
• Managed Princeton recruiting, conducted training program, and provided mentoring for new hires.
• Volunteered as soccer referee in company program for at-risk elementary school students.

Summer 2000 WAGNER STOTT MERCATOR, New York, NY
Trading Assistant
Specialist Firm on New York Stock Exchange

ADDITIONAL INFORMATION
Texas real estate broker’s license. Fuqua intramural basketball and football. Struggling golfer, passionate wake boarder
and traveler. High school All-American in swimming.
PATRICK W. ENGLISH
2211 Hillsborough Road, Apartment 4113 • Durham, NC 27705
(646) 831-0173 • patrick.english@fuqua.duke.edu


EDUCATION
DUKE UNIVERSITY, The Fuqua School of Business, Durham, NC
Master of Business Administration, May 2008. Activities and affiliations include Finance Club, Real Estate Club,
Social Impact Club, Distinguished Speaker Series, and Admissions Volunteer.

BOSTON COLLEGE, Chestnut Hill, MA
Bachelor of Arts, History, May 2000. GPA: 3.4/4.0. Dean’s List 5 of 7 semesters. Elected President of Ignatian
Society, the largest student-run organization on campus. Managed all major aspects of club, namely organizing
volunteer programs throughout Boston. Senior Sportswriter for The Heights, BC’s student newspaper. Two articles
selected for posting on ESPN website (http://espn.go.com/ncb/news/991112/00167154.html).

INSTITUTO INTERNACIONAL, Madrid, Spain
Studied history and marine biology, Spring 1999. GPA: 3.8/4.0

EXPERIENCE
2002-2006 MORGAN STANLEY & COMPANY, INC., New York, NY
Trader, Institutional Equities Division, Jan. 2004 – June 2006
• Traded both NYSE-listed and Nasdaq OTC equity securities in a variety of industries,
including financial services, basic materials, transportation, defense, energy, utilities, and
semiconductors.
• Received and ensured the execution of trading orders for institutional clients in the industrial
sector on a daily basis, maintaining a top three position in market share throughout duration.
• Wrote a daily summary of macroeconomic developments, trading trends, research, pertinent
news, and original trading ideas for distribution to both clients and internal sales force.
• Increased revenue for small cap trading desk by over 30% on a team of eight traders.
• Selected to participate in recruiting efforts for both undergraduates and associates.
• Obtained NASD Series 7, 55, and 63 licenses.

Trader, NYSE Floor, May 2002 – Dec. 2003
• Executed orders for traders on the New York Stock Exchange floor.
• Promoted to head clerk of the most active zone on the floor of the NYSE.

2000-2002 SEI INVESTMENTS, INC., Oaks, PA
Internal Account Executive, Advisor Sales Team, May 2001 - April 2002
• Grew assets under management in the mid-Atlantic region with partner from $1.1B to $1.3B
in one year, distributing funds through financial advisor intermediaries.
• Promoted to internal executive in SEI Advisor Network (youngest internal executive in the
history of the division).

Relationship Manager, National Accounts Team, June 2000 - April 2001
• Marketed and developed products and funds for largest 3
rd
-party fund-of-funds program in
domestic marketplace ($78B in AUM).

ADDITIONAL INFORMATION
• Hired in Summer 2006 as Technical Advisor for an off-Broadway play titled “Burleigh Grimes,” a noir
comedy about Wall Street trading (http://www.burleighgrimes.com).
• Avid international traveler, having visited over 20 countries in four continents.
• Other activities and interests include Fuqua Golf Club, Fuqua Hoops, Running (Member of New York
Road Runners Club), Scuba Diving, Skiing, and Volunteer Work.
JOSHUA N. PAYNE
1808 Meeting St. • Durham, NC 27705
310-488-6314 • jnp5@duke.edu

PROFILE
MBA candidate with four years of operations and strategy experience at a leading global semiconductor firm. Innovative
solutions-driven entrepreneur with extensive transaction skills and proven success managing cross-functional teams.

EDUCATION
DUKE UNIVERSITY, The Fuqua School of Business, Durham, NC
Master of Business Administration, May 2008. Fuqua Merit Scholar. Selected as Marketing Director for Duke Start-Up Challenge,
Serving as Fuqua on Board Member at a local non-profit, Elected as VP of Careers for Entrepreneurship & Venture Capital
Club, Private Equity Club, Business Technology Club, FuquaVision, Native American Student Alliance.
INDIANA UNIVERSITY, Kelley School of Business, Bloomington, IN
Bachelor of Science, Business, May 2002. Double Emphasis in Computer Information Systems and International Business. Dean’s List.
Honors Faculty Award, Kelley Merit Scholar, Selected as Honors Division Mentor, Worked three years as University Technology
Consultant, Appointed as Community Judicial Board Member, Semester Abroad: Maastricht University, Spring 2001.

EXPERIENCE
2006 WISHY LLC, Santa Monica, CA
An Internet start-up focused on creating a dynamic blend of social networking and e-commerce through the use of wishlists.
Business Development Associate
• Crafted competitive landscape, industry analysis, marketing strategy, and global product positioning sections
of successful business plan yielding $200,000 in funding.
• Developed an integrated financial model for cash flow analysis and venture capital valuation.
• Analyzed financial and technical feasibility of implementing an in-house CRM system; Presented
recommendations to management team resulting in a significant initial investment.

INTEL CORPORATION, Santa Clara, CA
2004 – 2005 Strategic Pricing Manager – Corporate Strategy Group
• Negotiated pricing, deal structure, and profitability terms for consumer electronics group by coordinating
with supply teams and product marketing resulting in 50-plus design wins.
• Closed deals with U.S. and Asian multinational corporations at $5 – $45 above floor price. Identified as
specific driver in growing average sales prices by 11% generating $74 million in incremental gross revenue.
• Coordinated mobile, desktop, and server product roadmap publication to worldwide sales field driving
consistency across divisions by resolving conflicting launch schedules, supply guidance, and pricing.

2003 – 2004 Operations Project Manager – Supply Network Group
• Directed six-person team to deliver 97% accurate data population of supply chain applications; Aided in
reduced factory downtime & increased production to manufacture over 70 million units per year.
• Led and implemented the restructuring and integration of two distinct business units resulting in a $250,000
resource savings, improved data quality, and reduced product setup time from thirteen days to seven days.
• Created intranet training portal streamlining communication and user-access to process documentation; 85%
overall reduction in manual access requests.

2002 – 2003 Supply Management Analyst - Assembly, Test, Manufacturing Group
• Constructed comprehensive build plan for over 75,000 sample CPU’s per week resulting in 98% on-time
delivery to original equipment manufacturers such as Dell, Toshiba, Acer, Lenovo, and Gateway.
• Ensured factory readiness, identified capacity opportunities, and resolved all materials constraints.
• Developed forecasting algorithm based on historical trends enabling a 21% increase in production lot cycles.

ADDITIONAL INFORMATION
• Passionate entrepreneur founding two small start-ups • Avid real estate investor managing multiple properties
• Technophile - enjoy building PC’s and tech innovation • Community leader involved in Big Brother program
• Travel enthusiast having visited over 30 countries • Completed 2004 San Francisco Half-Marathon







Harvard
Harvard Business School






Patrick Bosworth Jaison Battle John Green



Luke Ingles Quan Nguyen Song Wong
PATRICK BOSWORTH
224 N Harvard Street
Allston, MA 02134
pbosworth@mba2007.hbs.edu
(240) 602-7631


education
2007

HARVARD BUSINESS SCHOOL BOSTON, MA
Candidate for Master in Business Administration degree, June 2007. Elected Career Rep of Section I. Member of
the Real Estate Club and the Urban Land Institute; completed Argus software training.

2001 UNIVERSITY OF SAN DIEGO SAN DIEGO, CA
Bachelor of Arts, cum laude, in Political Science. USD crew team.

summer 2000 ITESO UNIVERSITY GUADALAJARA, MEXICO
Study abroad program to observe historic Mexican presidential election. Served as teaching assistant.

spring 2000 OXFORD UNIVERSITY – MAGDALEN COLLEGE OXFORD, ENGLAND
Study abroad program in European politics, history and international relations. Magdalen College crew team.

experience
summer 2006 BAYMARK CONSTRUCTION VIRGINIA BEACH, VA
Strategy & Marketing Intern
Baymark Construction has developed a 2,000 acre mixed-use property with housing, a marina, two championship
golf courses, tennis courts, swimming pools, retail space and three restaurants. Phase Two of the project will add a
resort component to the development, including a fishing pier, hotel, spa, beach club and additional restaurants.
• Created a preliminary marketing plan for the new developments
• Identified benchmark resorts and completed a competitor analysis
• Drafted a customer survey to determine preferences for future developments at the resort

2001 – 2005
2002 – 2005
U.S. DEPARTMENT OF LABOR WASHINGTON, DC
Chief of Staff – Office of Labor-Management Standards
Served as project manager for the Secretary of Labor’s top regulatory priority to modernize the financial report
filed by the largest U.S. labor unions and to protect the rights of 16 million union members. Represented the
Department in meetings with labor unions, industry associations, reporters and members of Congress.
• Awarded Secretary of Labor’s Exceptional Achievement Award
• Trained and supervised approximately 100 employees
• Coordinated communication across all of the project teams involved in a major regulation
• Created a new process for analyzing public comments that is now the standard tool at the Department
• Negotiated with senior executives of labor unions regarding crucial policy decisions
• Educated the public about the new regulation by traveling to 27 cities and addressing audiences of 20 to 600
• Managed a $3 million IT project that was delivered on-time, to specifications and under budget

2001 - 2002 Special Assistant in the Office of the Secretary
Advised senior Department officials in several key policy areas. Appointed to the Secretary of Labor’s
Management Focus Group for young leaders and the Department of Labor E-Team to help ensure effective use of
technology.
• Researched union financial structures using analytical models and developed an economic impact assessment
• Analyzed and presented financial and other data in support of a major regulatory initiative
• Drafted congressional testimony, speeches, press releases, letters and memos for senior Department officials

community Instructed sailing at summer program for kids. Place HBS students in Boston-based nonprofit organizations.
Directed public service announcements to promote biking to work in Coronado, CA.

personal Enjoy cooking, wine, entertaining, dining out, theatre, traveling, tennis, racquetball, skiing, sailing and etymology.
Played Hamlet in a Chicago-area community theatre production of Hamlet.

Jaison M. Battle CPA
313 HBS Mail Center
Boston, MA 02163
jbattle@mba2007.hbs.edu
(213) 842-1224


education
2005 – 2007

HARVARD BUSINESS SCHOOL BOSTON, MA
Candidate for Master in Business Administration degree, June 2007. Awarded the Credit Suisse First Boston
Fellowship. Awarded NBMBAA Scholarship. Elected Co-President of the Real Estate Club. Member of the African
American Student Union, Finance Club, and Basketball Club.

2001 – 2002 UNIVERSITY OF VIRGINIA – MCINTYRE SCHOOL OF COMMERCE CHARLOTTESVILLE, VA
Master of Science in Accounting degree, August 2002. Participant in Ernst and Young “Your Master Plan” program
and received full-tuition sponsorship.

1997 – 2001 WHITTIER COLLEGE WHITTIER, CA
Bachelor of Arts in Business Administration, concentration in Accounting. Awarded Academic Distinction in the
Business Administration major and Accounting concentration. Treasurer, Council of Representatives – managed an
annual budget of $120,000. Whittier College Men’s Intercollegiate Basketball team. Chapter President, Kappa
Alpha Psi Fraternity Incorporated. Worked 30 hours per week at a global maritime shipping company.

experience
Summer 2006 CREDIT SUISSE SECURITIES (USA) LLC NEW YORK, NY
Real Estate Investment Baking – Summer Associate
Advised real estate and hospitality companies on a variety of financial and strategic matters including equity and
debt issuance, leveraged buyout, M&A, and recapitalization.
• Advised the Special Committee of GMH Community Trust, a student and military housing REIT on a potential
management buyout of the company and consideration of third-party offers. Performed pro forma due diligence
and underlying valuation analysis including Compco and Compaq, DCF, and Net Asset Value.
• Participated in reverse merger buy side advisory assignment for a private real estate investment group. Actively
involved in various aspects of the engagement including preparation of the pro forma consolidated GAAP
operating model, property due diligence, and drafting of the contribution agreement.
• Assessed the potential management buyout opportunity of a $1.2 billion multi-family REIT focused on acquiring
and developing properties in the Southeastern United States.

2000 – 2005
2003 – 2005
ERNST AND YOUNG LLP LOS ANGELES, CA
Senior Associate – Assurance Advisory Business Services
Coordinated, executed, and managed financial statement and Sarbanes Oxley compliance audits in teams of two to
ten professionals in various industries. Monitored relationships with senior client executives throughout the year.
• Received top ranking and highest recognition of 40 peers in each of four years with the firm.
• Managed the multinational Sarbanes Oxley (SOX) compliance and financial statement audit for global
manufacturing company. Advised the company on the implementation of SOX including the identification and
documentation of significant processes as well as on the development of testing strategies for key controls.
• Lead senior on Redbull North America, subsidiary of Redbull GMH, financial statement audit engagement.
Designed and coordinated all audit procedures performed at 10 locations. Prepared stand-alone GAAP financial
statements and reconciliations to International Accounting Standards.
• Supervised Gemstar TV Guide’s three-year financial restatement to the SEC. Performed pro-forma due diligence
and advised the company on the purchase price allocation for its $10 million acquisition of SkyMall Inc.

2001 – 2003 Staff Accountant – Directed daily fieldwork activities and executed substantive audit procedures for high risk areas.
Drafted financial statements and related footnote disclosures for both SEC registrant and private clients.

Summer 2000 Intern – Performed substantive financial audit procedures and internal control testing.

certifications CPA, CA Real Estate Broker, completed Argus training.

community Mentor/career counselor at L&L Group Home. INROADS Alumni. Participant, Riordan Fellows Program. Member,
Management for Leadership Tomorrow. Member, Urban Land Institute.

personal Enjoy basketball, boxing, mentoring youth, civil war history, Raider football. Manage a personal real estate portfolio
of three residential properties located in Southern California.
JOHN T. GREEN
11 Wainwright Street, #1
Boston, MA 02124
jgreen@mba2007.hbs.edu
(617) 680-4590
education
2004 – 2007 HARVARD BUSINESS SCHOOL BOSTON, MA
Candidate for Master of Business Administration, June 2007. Real Estate Club, Symposium Chair. AASU, Career
Development Chair & Conference Planning Committee. Member of Venture Capital & Private Equity, Entrepreneurship
and Investment Clubs

2004 – 2007

HARVARD UNIVERSITY, KENNEDY SCHOOL OF GOVERNMENT

CAMBRIDGE, MA
Candidate for Master of Public Administration, June 2007. 2005 FHLB Affordable Housing Development Competition.
Black Policy Conference, Co-Chair of Finance & Fundraising. Member of Transportation, Housing, & Urban
Development Professional Interest Council and Social Enterprise Club

1996 – 2000

UNIVERSITY OF VIRGINIA

CHARLOTTESVILLE, VA
Bachelor of Science, with Distinction, Systems Engineering, May 2000. Minor in Technology Management and Policy
experience
summer 2006 MACFARLANE PARTNERS SAN FRANCISCO, CA
Summer Associate - $2.2 Billion Real Estate Private Equity Fund
Evaluated investment opportunities, led due diligence and drafted acquisition submittals for Investment Committee/clients
• $150M Mixed-use Development: Worked closely with Chief Acquisition Officer and Senior Investment Manager to
negotiate deal terms and partnership structure. Performed financial and market analyses. Managed due diligence
• Selected to present project to major institutional client, a large public pension fund, alongside the Portfolio Manager
• Conducted research and authored white paper entitled, “Trends Changing the Face of Urban Retail”
summer 2005 THE COMMUNITY BUILDERS BOSTON, MA
Assistant Project Manager - Real Estate Development Group
• Developed financial models and performed market research/due diligence under direction of senior vice-president to
construct redevelopment plans for over 1,200 residential units of a distressed housing project in mid-Atlantic region
• Conducted project meetings with key constituents from the mayor’s office, city council, city redevelopment authority,
tenants’ council and neighborhood associations to garner support and assess potential deal structures
2002 – 2004 VIACOM INC. WASHINGTON, DC
Manager, Business Development – Black Entertainment Television
Member of two-person team charged with re-establishing the Business Development office, which had not formally
existed since 1999, preceding Viacom’s acquisition of Black Entertainment Television (BET)
• Provided financial and strategic advice to executive team regarding new business ventures; potential partnerships,
acquisitions and divestitures; and prospective business proposals
• Responsible for coordinating marketing, sales, publishing and programming functions to execute projects
• Led negotiations of key contracts, selection of strategic partners and coordination of internal/external counsel
Key projects:
• Directed national roll-out of video on-demand (VOD) services; coordinating functions of six internal business areas
• Managed capital budgeting process, totaling over $5M of annual activity
• Redesigned BET’s data entry & retrieval application for financial forecasting and budgeting
2000 – 2002 GOLDMAN, SACHS & CO. NEW YORK, NY
Investment Banking Analyst – Communications, Media & Entertainment Group
Developed financial valuation models, analyzed industry trends, executed M&A and corporate finance transactions
• Advised Axel Johnson’s Hekimian Laboratories on $1.6B sale to Spirent plc
• Lead-managed McLeodUSA’s $532M acquisition of CapRock Communications. Lead-managed $750M high yield
debt offering for McLeodUSA
community/
professional
• Co-Founder/Senior Advisor of Brothers United Celebrating Knowledge & Success community service organization
• Virginia 2020: Public Service and Outreach Planning Commission; Office of the President, UVA
• Urban Land Institute, Young Leaders Group
personal Play five musical instruments. Enjoy working with kids, running, boxing, and traveling
LUKE INGLES
Box 723 HBS Student Mail Center,
Boston, MA 02163
lingles@mba2007.hbs.edu
(617) 233-6396

education
2005 - 2007

HARVARD BUSINESS SCHOOL BOSTON, MA
Candidate for Master in Business Administration degree, June 2007. Co-president for the HBS Real Estate Club,
Member of the HBS Sailing Club. Currently undertaking independent research project in emerging real estate
markets.

1996-2000 UNIVERSITY OF QUEENSLAND BRISBANE, AUSTRALIA
Bachelor of Laws (LLB) awarded with Honors, specializing in Corporate and Commercial Law
• Certificate in International Law undertaken at Marquette University (Wisconsin, USA)
Bachelor of Commerce, specializing in Financial and Managerial Accounting.
• High distinction grade point average (Grade point average 6.9/ 7.0)
• Awarded the PriceWaterhouseCoopers Prize as the leading student in financial accounting

experience
2006 TRAMMELL CROW COMPANY DALLAS, TX
Summer Associate
Worked within the company’s real estate, private equity fund business assisting in the end to end evaluation of
acquisition targets across a broad range of office, residential and industrial property types.
• Undertook financial modeling for acquisition opportunities using Argus, excel and proprietary analysis
programs.
• Developed acquisition funding proposals for the Trammell Crow investment committee as well for external 3
rd

party funding (debt and equity) providers.
• Responsible for conducting due diligence activities on contracted properties, including environmental, flood and
title review as well as analysis of market conditions, comparables and localized real estate trends
2002 - 2005 BOOZ ALLEN HAMILTON (BAH) SYDNEY, AUSTRALIA
Associate (Promoted from Consultant)
Led teams of consultants and clients. Directed and conducted research and analysis to solve complex client issues
utilizing a hypothesis based approach. Presented findings to senior client management.
Strategic consulting engagements undertaken in multiple industries including financial services, oil and gas and
tourism across locations in Australia, Asia and the Middle East. Recent Consulting Assignments:
Product Transformation Strategy
• Led 8 person combined client / BAH team in developing the economics for a AU$500M product strategy
Post Merger Integration (PMI)
• Conducted detailed profitability and growth analysis of acquired business units to facilitate PMI budgeting
• Built a financial model to facilitate the financial integration of the acquired business into the clients backend
accounting system - the model facilitated the allocation of AU$2,000M in direct costs across the organization

2001 - 2002 CYBERLYNX PROCUREMENT SERVICES SYDNEY, AUSTRALIA
Market Analyst
Cyberlynx is Australia's leading Procurement Service Provider providing strategic sourcing and category
management services for eight of Australia’s top 50 companies.
• Conducted strategic souring of commodity groupings, including development of sourcing strategy, issuance of
“Request for Proposals (RFP)”, bid evaluation and supplier negotiation
• Monitored commodity markets and managed commodity suppliers through development of supplier performance
and supplier development plans

community Long term member of the Australian State Emergency Service (first response to public calls for assistance during
natural disasters); Registered Justice of the Peace; Member Booz Allen Community Services Committee
personal Enjoy long-distance running and sailing. Avid international traveler.

QUAN T. NGUYEN
11 Peabody Terrace, #608
Cambridge, MA 02138-6213
qnguyen@mba2007.hbs.edu
(808) 375-4870

Education
2005 – 2007

HARVARD BUSINESS SCHOOL BOSTON, MA
Candidate for Master in Business Administration degree, June 2007. Elected President of Section.
Member of Rugby Football Club and Armed Forces Alumni Association.

1995 – 1999 UNITED STATES MILITARY ACADEMY WEST POINT, NY
Bachelor of Science degree in Mechanical Engineering. Earned Distinguished Cadet Award (top 2%) and
Superintendent’s Award. Appointed Company Commander responsible for the performance of 120 cadets.

Experience
Summer 2006 CITIGROUP GLOBAL MARKETS INC
SUMMER ASSOCIATE, INVESTMENT BANKING DIVISION NEW YORK, NY
Performed various valuation techniques for both public and private companies, including leveraged buyout analysis,
discounted cash flow analysis, merger consequences, comparable company and precedent transaction analysis.
• Partnered with an industrial real estate firm to analyze a $700M joint venture to take private an investment trust.
Created valuation model and presented it to Middle Eastern investors.
• Built financial model to analyze $1.5B acquisition of a financial guarantor.

Summer 2006 CUSHMAN & WAKEFIELD INC
SUMMER ASSOCIATE, REAL ESTATE BROKERAGE SERVICES LOS ANGELES, CA
Performed analyses for corporate real estate portfolio management to include buy vs lease decisions, relocation
alternatives, lease abstracting, lease and renewal negotiations, and fair market value analysis.
• Analyzed local real estate market and determined best relocation alternatives for a local bank within the Los
Angeles Fashion District earning new account for the firm.

1999 – 2005 CAPTAIN, UNITED STATES ARMY, INFANTRY
2004 – 2005 BRIGADE IRAQI SECURITY FORCES LIAISON OFFICER KIRKUK, IRAQ
Planned, resourced, and executed joint operations and training with all Iraqi Security Forces for two provinces.
• Managed over $13 million budget in development projects targeted to improve Iraqi Security Forces
Infrastructure. Projects resulted in increased capability and survivability of Iraqi Security Forces.
• Trained and coached Joint Coordination Center manned by Iraqi Army, Police, Fire, Ambulance, and Oil services
to coordinate effective responses to emergencies and successfully provide security for first national elections.

2003 – 2004 DIRECTOR, BRIGADE COMMAND AND CONTROL CENTER KIRKUK, IRAQ
Monitored operations of four maneuver battalions ensuring reports and orders are disseminated to the staff,
subordinate units, higher headquarters, and adjacent units.
• Battle tracked 148 raids and over 8,000 patrols providing reinforcements and coordinating medical evacuations.
• Directed a staff of 15 officers and 20 soldiers to synchronize efforts in support of units on the battlefield.

2002 – 2003 BATTALION ASSISTANT CHIEF OF OPERATIONS SCHOFIELD BARRACKS, HI
Second in charge of operations for a battalion over 600 personnel and 50 vehicles. Assisted in the planning,
development, and supervision of all operations and training.
• Coordinated and synchronized resources for all training to include managing $1 million ammunition budget and
land requirements of over 70 training areas.
• Developed and supervised two platoon live fire exercises each involving nine rifle platoons and over 300
personnel greatly improving each unit’s combat readiness.

Personal Vietnamese (conversant). Completed Honolulu Marathon in 2001. Awarded Bronze Star, Combat and Expert
Infantrymen badges. Graduate of Army Ranger School. Enjoy basketball, scuba diving, and traveling.
SONG WONG
1200 Massachusetts Avenue #W57
Cambridge, MA 02138
swong@mba2007.hbs.edu
(510) 396-0231

education
2005 - 2007

HARVARD BUSINESS SCHOOL BOSTON, MA
Candidate for Master of Business Administration degree, June 2007. Member of Asia Business, Entrepreneurship and
Real Estate Clubs.

1994 - 1998 CORNELL UNIVERSITY ITHACA, NY
Bachelor of Science degree, with distinction, in Hotel Administration. Concentration in Finance. Member of Phi
Sigma Pi (National Honor Fraternity). Active in Cornell Hotel Society, Hotel Ezra Cornell and Habitat for Humanity.

experience
Summer 2006 BOSTON PROPERTIES BOSTON, MA
Summer Associate, Finance & Capital Markets
Participated in most aspects of departmental responsibilities including acquisitions, tenant underwriting, financial
analysis and tax and accounting structures.
• Conducted buy-side due diligence for $45M single-asset office building transaction in San Jose, CA.
• Evaluated potential acquisitions using Argus real estate valuation software and Dyna real estate asset and portfolio
management software.

2002 - 2005 STARWOOD HOTELS & RESORTS WORLDWIDE SHANGHAI, CHINA
Manager, Development & Acquisitions
Contributed to conceptualization, development and execution of Starwood’s expansion strategy to grow portfolio and
maintain position as largest upscale/luxury international hotel company in China.
• Selected by executive management to help establish Starwood’s Development & Acquisitions presence in
mainland China; first non-native Chinese to be based in Starwood Shanghai office.
• Oversaw financial and investment analysis, participated in deal negotiations and drafted board memorandums for
management of new hotels and single-asset and portfolio acquisition opportunities throughout Asia, with a
geographic focus in North Asia and China.
• Contributed to signing of seven new hotel deals in 2004, increasing Starwood’s portfolio in Greater China by 50%
and generating forecasted stabilized annual income contribution of $7M. Signed deals include Sheraton Changsha,
Sheraton Haikou, Sheraton Ningbo, Sheraton Shenzhen, Sheraton Xiamen, W Hong Kong and Westin Beijing.
• Participated in road shows in five major cities throughout China to establish relationships with major government-
related and private sector businesses with existing and/or potential hotel interests.
• Trained new members of the team in Shanghai which grew from one to four staff in less than one year.
Special Projects:
• Represented Starwood Hotels in deal analysis and due diligence of acquisition of the Westin Tokyo for $500M (the
largest single-asset hotel transaction in Japanese history) by Starwood Capital and Morgan Stanley.
• Selected for special task force to evaluate opportunity for Starwood to enter mid-scale hotel market in China.

Manager, Development Planning SINGAPORE
Evaluated and recommended equity investments and management opportunities in Asia-Pacific to senior management
totaling potential annual income contribution to the company of over $30M.
• Performed market studies and financial analysis for potential hotel projects in city and resort areas to determine
Starwood’s interest in specific hotel projects and appetite for establishing a presence in unrepresented markets.
• Drafted board memorandums and prepared group strategy presentations for global executive meetings.

2001 - 2002 PRICEWATERHOUSE COOPERS SINGAPORE
Assistant Manager, Corporate Finance
promoted from Senior Associate, Corporate Finance
Advised various clients in South East Asia regarding mergers, acquisitions and divestments; completed valuations of
companies in diverse industries; prepared pitch books and participated in meetings for business generation.

1998 - 2000 HVS INTERNATIONAL SAN FRANCISCO, CA
Associate, Hotel Consulting
promoted from Consultant, Hotel Consulting
Conducted appraisals, market studies and feasibility analysis for lodging, event and mixed-use developments.

activities &
service
Board Member for Children of Rural China Foundation (current); President of Cornell Club of S’pore (2002-2004);
Volunteer for Riding for the Disabled (2002-2004); Volunteer for the S’pore Autism Resource Centre (2002-2003).

personal US citizen. Fluent in Mandarin. Proficient in French. Enjoy pottery, traveling, baking, dining, scuba diving.






Kellogg
Kellogg School of Management – 2006 National Real Estate Challenge Team

John Carsello

Zain Koita

Taylor Meyer

Juliana Priest

Peter Tsai

Jerrod Wigal

JOHN MICHAEL CARSELLO
2038 Sherman Ave., Unit 1B • Evanston, IL 60201
(312) 480-0500 • jcarsello2007@kellogg.northwestern.edu

EDUCATION
2005 − Present KELLOGG SCHOOL OF MANAGEMENT
NORTHWESTERN UNIVERSITY
Candidate for Master of Business Administration degree, June 2007
Evanston, IL

• Intended majors in Finance, Management & Strategy and Real Estate
• Co-Chairman of Real Estate Club; active member of Private Equity & Entrepreneurship Club
• Volunteer teacher at Holy Angels elementary school in Chicago

1997 − 2001 KELLEY SCHOOL OF BUSINESS
INDIANA UNIVERSITY
Bachelor of Science degrees in Finance and Accounting, Minor in Spanish, May 2001
Bloomington, IN

• GPA 3.53 / 4.00; Member of Dean’s List and National Society of Collegiate Scholars
• Admitted into the Investment Banking & Capital Markets Workshop. One of 15 top-performing students
selected by faculty to participate in this program
• Interned within the Corporate Finance Group at Jefferies & Company in New York City

EXPERIENCE
Summer 2006 GEM REALTY CAPITAL
Intern – Real Estate Private Equity/Hedge Fund
Chicago, IL

• Assessed investment opportunities for fund with total capital in excess of $700 million. Constructed
financial models, interacted with research analysts and brokers and performed asset and market diligence
• Authored 60-page office market research paper; ultimately presented findings to investment committee to
identify and discuss real estate investment opportunities in select geographic markets

2003 − 2005 NORWEST EQUITY PARTNERS
Private Equity Analyst – Late-Stage Private Equity
Minneapolis, MN

• Assessed middle-market investment opportunities through construction of fully-integrated leveraged buyout
models for an $800 million private equity fund
• Performed business, industry and financial due diligence, including financial statement analysis and market
research, as part of an investment team of 15 professionals
• Partnered with the CFO and Controller of Longwood Industries, a manufacturer of industrial rubber
products, in crafting investor presentations to secure financing and introduce acquisition opportunities
• Assisted in negotiating favorable financing terms with senior lenders for the recapitalization of Highland
Industries, a manufacturer of HUD-code and modular homes
• Co-Managed a cross-functional team of investment bankers, accountants, lawyers and consultants in
conjunction with the due diligence process for Longwood Industries
• Developed a 50-page monthly financial reporting template; this framework was subsequently adopted by
several portfolio companies and enhanced communication between these companies and their investors
• Selected Transaction Experience: Recapitalization of Longwood Industries, a $100 million diversified
industrial rubber manufacturer, in January 2004. Recapitalization of Highland Industries, a $30 million
manufacturer of HUD-code and modular homes, in October 2005. Acquisition of Becker-Underwood, a
$120 million specialty chemicals supplier to the agricultural and horticulture markets, in September 2004

2001 − 2003 CREDIT SUISSE FIRST BOSTON
Investment Banking Analyst – Global Industrial & Services Group
Chicago, IL

• Performed financial modeling and valuation analyses, including comparable company, comparable
acquisition, discounted cash flow and leveraged buyout analyses; evaluated strategic and financial
implications of mergers, acquisitions and equity offerings
• Created management presentations, marketing materials and internal investment committee memoranda
• Selected Transaction Experience: $180 million follow-on offering of IDEX Corporation, a leading global
manufacturer of industrial pumps and fluid dispensing products. Acquisition of leading uniform rental
company valued in excess of $600 million; ultimately outbid in final round of six-month project

OTHER DATA

• Founding member of PEAM, a networking group of 30 finance professionals in the Twin Cities
• Interests include traveling to Spanish speaking regions, cooking and Major League Baseball
August 1, 2006
ZAIN Y. KOITA
Zkoita2008@kellogg.northwestern.edu
1501 Maple Ave., #402
Evanston, IL 60201
Mobile: 773-817-1945

PROFESSIONAL EXPERIENCE
March 2004 – LR DEVELOPMENT COMPANY LLC (THE RELATED COMPANIES) Chicago, IL
Present Project Analyst
• Facilitated project underwriting process by creating and maintaining development proformas to analyze revenue
potential and cost efficiency of mixed-use components, operating budgets, and financing alternatives
• Participated in contract negotiation of all loan documents, owner/architect agreement, and owner/contractor agreement
• Assisted in designing marketing assessments and pricing strategies focusing on design, construction, and project
branding while capitalizing on current trends of the downtown residential for-sale market
• Conducted site assessments, zoning assessments, and other due diligence related to the site acquisition and development
feasibility of luxury condominiums, affordable housing, adaptive re-use, and mixed-use developments
• Coordinated due diligence process for joint venture partners, senior debt lenders, and mezzanine financing providers

Selected Luxury Developments
• 340 on the Park – Chicago, Illinois: $350 million, 62-story luxury condominium building in Lake Shore East
• P24 – Chicago, IL – Chicago, Illinois: $300 million, 57-story luxury condominium building in River East neighborhood
• 65 E. Huron – Chicago, Illinois: $250 million, 60-story mixed-use (condominium, hotel/spa, office, and retail) building

Selected Affordable Housing Developments Utilizing Low Income and Historic Tax Credit Equity
• Guyon Apartments – Chicago, Illinois: $20 million, 114-unit senior, independent living apartment building
• Matteson Glyn – Chicago, Illinois: $19 million, new construction senior, independent living apartment building
March 2002 – BANC OF AMERICA SECURITIES LLC Chicago, IL
September 2003 Investment Banking Analyst, Consumer & Retail Group
• Developed financial models for stand-alone entity valuation and analysis of various capital structures, financings, and
acquisitions/divestitures on ongoing financial performance, corporate credit, ownership, and sponsor returns
• Performed valuation analysis using comparable company trading and acquisition multiples, discounted cash flow
analysis, and leveraged buyout analysis
• Conducted due diligence, created management presentations, and participated in drafting of SEC documents
• Prepared in-depth market research and analysis of the food, beverage, and consumer products industries

Selected Strategic Advisory Transactions
• Advised Vestar Partners on its $1.1 billion sale of Michael Foods, Inc. to T.H. Lee Partners
• Advised a financial sponsor in its potential sale of a $350 million food company

Selected Capital Raising Transactions
• Executed $90 million follow-on equity issuance for Nu Skin Enterprises, Inc.
• Executed $500 million high grade debt issuance for Campbell Soup, Inc.
• Advised a publicly traded company on a $200 million recapitalization to monetize founding members’ stake
July 2001 – MERRILL LYNCH & CO., INC. Chicago, IL
November 2001 Investment Banking Analyst, Financial Sponsors Group
• Developed financial models to analyzed the impact of various capital raising and M&A transactions on sponsor returns
• Created business pitches analyzing potential market opportunities for financial sponsors as a result of restructuring
initiatives and divestitures of non-core businesses from larger strategic players
• Completed comprehensive accounting, finance, and valuation training program
• Completed class work and certification in Series 63 and Series 7 securities licensing examinations
May 2000 – A.G. EDWARDS & SONS, INC. St. Louis, MO
August 2000 Investment Banking Summer Analyst, Mergers & Acquisitions Group
• Analyzed transaction comparables and financial data, compiled case studies, and prepared client presentations
• Participated in development workshops and gained exposure to top executives via the Summer Intern Seminar Series
EDUCATION
1997 – 2001 JOHN M. OLIN SCHOOL OF BUSINESS, WASHINGTON UNIVERSITY St. Louis, MO
Bachelor of Science in Business Administration, May 2001
Majors in Finance, Accounting, and Economics
• Overall GPA: 3.56
• Dean’s Scholarship Award Winner, Thurtene Junior Honorary, Dean’s List (3 semesters), Golden Key Honor Society

SELECTED UNDERGRADUATE EXTRACURRICULAR ACTIVITIES
November 1999 – THURTENE JUNIOR HONORARY St. Louis, MO
May 2001 Public Relations Chairperson; Public Relations Advisor
• Organized the nation’s largest independently funded, student run, charity carnival, with other members of a 13-person
honorary chosen from the entire Junior class based on academic achievement, leadership, and community involvement
• Revamped corporate fundraising strategy to exchange significant advertising opportunities for corporate sponsorship,
which resulted in doubling the largest corporate donation total in any of the organization’s first 98 years
• Developed marketing campaign and publicity events on campus and in the St. Louis community
• Made television and radio appearances to promote the Thurtene Carnival in the local St. Louis media
January 1998 – SIGMA PHI EPSILON FRATERNITY St. Louis, MO
May 2001 Vice President
• Developed and managed all programming and received national recognition for chapter excellence in programming
• Managed a 15-member cabinet and a $50,000 annual budget for programming events
• Increased housing by 75% and prevented foreclosure of fraternity house by creating a rental concessions system
• Conducted risk-management seminars for members to encourage a safe and community friendly institution
September 2000 – CHANGE THE WORLD FUNDRAISER St. Louis, MO
May 2001 Founder / Organizer
• Managed a 20 volunteers to create a new campus-wide fundraiser to benefit the American Red Cross
• Collected change containers and extra clothing from all students moving out of dorms at the end of each academic year

SELECTED CURRENT EXTRACURRICULAR ACTIVITIES
September 2004 - JOBS FOR YOUTH CHICAGO Chicago, IL
Current Junior Board Member - Fundraising
• Served on the Junior Board which helped the organization meet its annual fundraising goal by creating publicity events,
hosting parties, writing grants, and seeking corporate donations
• Taught Networking, Transferable Skills, and Strengths and Weaknesses classes to program clients
• Conducted practice interviews and provided in-depth feedback and critique to program clients
December 2004 - URBAN LAND INSTITUTE – SMALL GROUP DISCUSSION SERIES Chicago, IL
Current Founder / Organizer
• Developed roundtable discussion series across three tracks – Urban Development, Suburban Development, and Real
Estate Finance – that would serve as a mentoring program for Young Leaders Group within ULI
• Created application for potential participants and screened applications for most qualified candidates on the basis of
work experience, academic background, and excitement in the program
• Sourced guest experts to present case studies from their personal experience
June 2004 - YOUNG REAL ESTATE PROFESSIONALS OF CHICAGO (YREP) Chicago, IL
Current Member
• Attended various speaker series and networking events to become integrated in Chicago’s real estate community
June 2004 - PRIVATE EQUITY ANALYSTS OF CHICAGO (PEAC) Chicago, IL
Current Non-Profit Alliance Member
• Encouraged PEAC members to become active in local non-profit organizations’ Junior Boards

OTHER INFORMATION
• Interests include offshore sport fishing, SCUBA diving, travel, weight training, golf, and flag football
• Member of Wash. Univ. - Alumni and Parents Admissions Program (APAP); Friends of the Chicago River - Junior
Board member; River Park at Diversey Condominium Association - Treasurer
• Ransom Everglades High School (Miami, FL): GPA – 3.91; SAT score – 1470; Captain of 1996 Football Team
C. TAYLOR MEYER
1616 Hinman-Apt. 5C Evanston, IL 60201
Phone: 917.612.2253 cmeyer2007@kellogg.northwestern.edu
EDUCATION
2005-present KELLOGG SCHOOL OF MANAGEMENT Evanston, IL
NORTHWESTERN UNIVERSITY
• Candidate for Master of Business Administration degree, June 2007
• Majors in Finance, Real Estate, and International Business
• Member, Real Estate Club, Energy Management Club, Private Equity Club, Golf Club
1996-2000 VANDERBILT UNIVERSITY Nashville, TN
• B.A., Class of 2000, Majors: Economics and European Studies Minor: Business Administration
• Held elected positions within Sigma Nu Fraternity and Interhall Association
• Spent semester at University of Leeds, U.K.; summer intern on the LIFFE derivatives market
EXPERIENCE
SUMMER 2006 MORGAN STANLEY REAL ESTATE London, UK
Summer Associate
• Evaluated acquisition opportunities for both the MSREF and Special Situations III funds
• Led various pitches for banking clients, one resulting in the mandate of a £350 MM IPO
• Created investment committee report on UK homebuilding market for potential $50 MM public
equity investment in a basket of UK homebuilding companies
2003-2005 GLOBAL NET LEASE PARTNERS New York, NY
Senior Financial Analyst, Acquisitions
• Investment Analysis: Evaluated all acquisition and disposition opportunities for a private investment
program dedicated to single tenant real property and corporate investments. Analyzed over $1.7
billion worth of potential investments.
• Financial Analysis: Cash flow modeling and tax analyses for transactions (office, retail, industrial,
and car dealership properties), partnership modeling, joint venture modeling, and credit analysis on
tenants.
• Due Diligence/Execution: Led acquisition due diligence for $109 MM worth of transactions.
Reviewed and negotiated documentation with counsel including purchase and sale contracts and
loan/lease documents. Coordinated with various financing sources to arrange mortgage and/or
mezzanine financing for all transactions. Created marketing packages for $154 MM worth of
dispositions.

2000-2003 CREDIT SUISSE FIRST BOSTON New York, NY
Associate, Real Estate Finance and Securitization Group (REFS)
• Closed over $1.2 billion of fixed and floating rate commercial mortgage and mezzanine loans for
institutional clients (office, retail, hotel, and multifamily properties) that were subsequently
securitized into commercial mortgage-backed securities.
• Managed third-party due diligence for financings including appraisal valuations,
environmental/engineering reports, and insurance reviews; conducted legal documentation
negotiations with counsel. Presented deals for CSFB credit committee approval.
• Sole CSFB Analyst chosen to work on CSFB 2001 CF-2, a $1.1 billion fixed-rate conduit
securitization, the first joint CSFB/DLJ transaction. Duties included: the re-underwriting of all
loans in the pool, assistance in the accounting and legal due diligence process, and the management
of relations for rating agencies, investment grade bond investors, and the “B-Piece” buyer, GMAC.
• 1 of 2 out of 5 from the 2000 REFS Analyst Class promoted to Associate
ADDITIONAL DATA
• Series 7 and 63 Qualified, completed CSFB Fixed Income and Derivatives Analyst training program
• Intermediate Spanish; proficient in use of ARGUS software and Bloomberg applications
• Enjoy golf, snow skiing, traveling, EPL soccer, college football, and reading
JULIANA K. PRIEST
1305 Maple Ave. #3W, Evanston, IL 60201
(312) 493-2596, jpriest2008@law.northwestern.edu


EDUCATION
2005-2008 KELLOGG SCHOOL OF MANAGEMENT & EVANSTON, IL
NORTHWESTERN UNIVERSITY SCHOOL OF LAW
Candidate for Master of Business Administration and Juris Doctorate, June 2008
● Real Estate Club; Private Equity Club; JD-MBA Alumni Committee.
● Federalist Society, Board Member 2006-07, 2007-08.

1997-2001 CORNELL UNIVERSITY ITHACA, NY
Bachelor of Science, City Planning, May 2001
● Dean’s Honor List for outstanding academic achievement.
● Organization of Urban and Regional Studies (OURS), Chair, 1999-2001.

EXPERIENCE
Summer 2005 JOSEPH FREED & ASSOCIATES, LLC, Real Estate Development PALATINE, IL
Summer Law Associate
● Worked on legal compliance issues for a large scale condo development project in Wisconsin.
● Completed analysis of zoning law applicable to a condo development in Michigan.

2001-2005 CROW HOLDINGS, Real Estate Investment DALLAS, TX
Vice President 2004-2005 / Associate 2003-2004 / Financial Analyst 2001-2003
● Led the acquisition of 9 retail properties totaling over $260 million in investments and 1.5 million
square feet of space;
● Managed the sale of three retail properties totaling over $110 million in gross proceeds and 500,000
square feet of space;
● Asset Manager for 4 retail properties totaling $150 million in investments and 750,000 square feet of
space;
● Negotiated 35 leases comprising 70,000 square feet of space;
● Completed the financial analysis of more than 200 retail, industrial, office, multi-family, land
development, and hotel properties;
● Was responsible for calculating the portfolio level returns of the $250 million private equity fund;
Created model for all Crow Holdings real estate investment returns for 1994-1999.
Specific Accomplishments:
● Village at Bedminster, Bedminster, NJ: Acquisition, asset management and sale of the 109,000
square foot retail property which was a 2-year investment and yielded a 60% IRR and $12.5 million
in profits; Coordinated environmental remediation;
● Festival at Hyannis, Hyannis MA: Acquisition, asset management and sale of the 210,000 square
foot retail property which was an 18-month investment and yielded a 56% IRR and $8.6 million in
profits; Lease-up of 15,000 square feet of vacancy;
● Cherry Hills Marketplace, Denver, CO: Acquisition, asset management and sale of the 198,000 square
foot retail property which was a 19-month investment and yielded a 52% IRR and $9.9 million in
profits; Negotiated expansion of anchor tenant.

Summer 2000: YALE LAW SCHOOL, Legal Services, Landlord/Tenant Clinic NEW HAVEN, CT
Summer Fellow
● Assisted in the representation of tenant clients in City of New Haven Housing Court.

OTHER DATA
● Fluent in Spanish.
● C.R.E.W. Commercial Real Estate Women, Participant and Volunteer, 2002-2005.
● English as a Second Language Teacher, Dallas Public Library, Volunteer 2002-2004.
PETER M. TSAI
1575 Oak Avenue Apt. 34 Evanston, IL 60201
(415) 606 – 7383 ptsai2008@kellogg.northwestern.edu
EDUCATION
2006-Present KELLOGG SCHOOL OF MANAGEMENT Evanston, IL
NORTHWESTERN UNIVERSITY
Candidate for Master of Business Administration degree, June 2008.
• Intended majors in Real Estate, Finance, and Entrepreneurship.
• Member of the UT Austin Real Estate Challenge
• Member of Real Estate Club, PEEK, Finance, and Holy Angels.
1997-2000 UNIVERSITY OF CALIFORNIA AT BERKELEY Berkeley, CA
Bachelor of Arts degree in Economics, December 2000.
• Education Abroad Program at National Taiwan University, Taipei, Taiwan
• Economics Tutor at the UC Berkeley Student Learning Center
EXPERIENCE
2003-2006 RREEF AMERICA LLC San Francisco, CA
Associate, Real Estate Development & Value-Added
Acquisitions, Dispositions, and Closings

























Modeled property cash flows and returns for potential industrial, office, retail, and multifamily acquisitions.
Calculated project and portfolio level incentive fees to determine the distribution of proceeds to partner.
Generated investment summaries and underwriting packages for 13 acquisitions totaling $653 million.
Reviewed due diligence materials including ALTA, title, entitlements, environmental, and zoning reports.
Negotiated deal terms with developers to finalize letters of intent, joint venture contracts, purchase and sale
agreements, and development management agreements.
Performed hold/sell analysis for select assets, resulting in dispositions totaling $141 million.
Portfolio Management & Asset Management
Composed institutional client’s Annual Plan and Quarterly Investment Reports.
Authored equity memorandum for major institutional client, which became a template for future requests.
Assisted in establishing portfolio-wide revolving line of credit used for project level bridge financing.
Prepared financing packages for project level construction loans totaling $100 million in loan proceeds.
Negotiated lease proposals with potential brokers, tenants, and developers to choose best leasing strategy.
Reviewed monthly draws to monitor and evaluate multiple development and value-added projects.
2001-2003 BANC OF AMERICA SECURITIES San Francisco, CA
Investment Banking Analyst, Real Estate Sector
Financial / Analytical Ability
Performed financial analysis for public and private companies using precedent transactions, accretion /
dilution, discounted cash flow, leveraged buy-out, ability to pay, and net asset value analyses.
Drafted private placement memorandum for a real estate operating and development company seeking to
raise $800 million in private equity.
Specialized in the lodging, homebuilding, urban development, and travel & leisure industries.
Significant Transaction Experience
Barceló Hotels & Resorts – Sole advisor for the $570 million acquisition of Crestline Capital Corporation.
CNL Hospitality Properties – Sole advisor for the acquisition of selected assets of Strategic Hotel Capital.
RFS Hotel Investors – Sole advisor for a $14.5 million common stock offering.
Maguire Properties Inc. – Advisor for the $700 million initial public offering.
ADDITIONAL DATA
Proficient in Argus, Microsoft Excel, PowerPoint, Word, Bloomberg, FactSet, and FirstCall.
Fluent in Mandarin Chinese and Taiwanese.
Avid reader of Chinese and Taiwanese history and philosophy.
Enjoy taekwondo, volleyball, tennis, basketball, golf, skiing, and snowboarding.
Volunteer tutor at Back-on-Track, a weekly mentoring and tutoring program for San Francisco youth.
Volunteer camp counselor for Camp Okizu, a camp for cancer children and their families.

October, 2006
Jerrod L. Wigal
111 East Chestnut, #17B
Chicago, Illinois 60611
(773) 209-6482
jerrod_wigal@hotmail.com


Work Experience
Cushman & Wakefield Chicago, IL
Associate – Investment Sales, 2004-present
ƒ Worked on behalf of institutional investors in the sale of office properties throughout the
Midwest. Total transaction volume of approximately $2.1 billion to-date.
ƒ Prepared offering memoranda for distribution to potential investors. Built complex financial
models discounting future cash flows to derive the value of client assets. Analyzed lease data,
operating expenses, capital expenditures and future assumptions during due diligence and
modeling. Maintained continuous client contact to ensure accuracy of data.
ƒ Participated in all aspects of property marketing including property tours, comparing initial
bids, qualifying potential buyers and supporting buyer due diligence.

Zaragon Chicago, IL
Analyst, 2002 – 2004
ƒ Assisted in due diligence for acquisition, disposition and refinancing of office, mixed-use
and multifamily properties. Responsibilities included updating rent rolls, lease abstraction,
completing loan application documents and securing third-party reports.
ƒ Supported investor relations. Prepared investor packages on new investment opportunities.

The Bedford Group Atlanta, GA
Junior Associate, 2001 – 2002
ƒ Consulted with Fortune 500 clients to identify and provide solutions to their
marketing communications needs. Contacted and interviewed advertising
agencies, brand identity and design firms to service client accounts of $5-30 MM.
ƒ Assisted in new client development by composing reports summarizing financial,
competitive and product aspects of client and prospect organizations.


Education
Kellogg School of Management – Northwestern University Chicago, IL
ƒ Master of Business Administration candidate, May 2007
ƒ Intended majors in Finance, Real Estate, and Entrepreneurship.
ƒ Co-President of the TMP Real Estate Club

Emory University Atlanta, GA
ƒ Bachelor of Science summa cum laude, May 2000, GPA: 3.8/4.0
ƒ Honors: Dean’s List, Emory Merit Scholarship recipient, Phi Sigma Honor Society


Professional Affiliations & Activities
ƒ Illinois Real Estate Salesperson license
ƒ Urban Land Institute - Associate Member
ƒ Hobbies include playing/organizing intramural sports, playing tennis, skiing and reading.






Michigan
University of Michigan
Stephen M. Ross School of Business





Joanna Beck Mike Dzamba Sandeep Patel






Rachael Preston Naazneen Rahman Brian Stearns
JOANNA L. BECK
1208 Astor Drive, Apartment 4833 • Ann Arbor, MI 48104
joannabe@umich.edu • 702.804.2634
EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor, MI
Stephen M. Ross School of Business
Master of Business Administration, April 2007
• Emphases in Finance and General Management
• Co-Director of Finance for M-Trek (Outdoor Leadership Program)
• Awarded Michigan Business Scholarship
• Member of Finance Club, Real Estate Club, Ross Soccer Club and Wolverine Wine Club
CORNELL UNIVERSITY Ithaca, NY
College of Engineering
Bachelor of Science, Civil Engineering (Structural), August 1998
• Elected Community Service co-Chair of American Society of Civil Engineers (ASCE)
EXPERIENCE INTEL CORPORATION Folsom, CA
Summer 2006 Corporate Finance Intern
• Created new Corporate Overhead allocation methodology for whole company resulting
in more transparent business unit P&L statements. New methodology presented to all
levels of management for approval.
• Organized and led summer intern outing in San Francisco to introduce the area to and
foster candid conversation between interns and full time employees.
M.A.P. 2006 ENDOCROSS LTD. NAIOT INCUBATOR (ISRAEL) Celakovice, Czech Republic
Consultant
• Developed Europe and US market entry strategy for medical device, including product
positioning and partnership options.
• Created company valuation to size market potential and analyze market entry options.
2000-2005 THE WHITING-TURNER CONTRACTING COMPANY Las Vegas, NV
Project Manager
• Led fifteen-member multi-company team that revised and tested Smoke Evacuation and
Fire Alarm System for 1.3MM square foot building resulting in Fire & Building
Department turnover 30% ahead of industry standard schedule. On-time turnover
enabled Owner to meet lending requirements for future building phases.
• Managed over $50MM (multiple subcontractors) of $135MM project including bidding
and contract negotiation. Adhered to planned 16-month schedule despite 40 days of
weather delays and three months of City utility delays.
• Directed $2MM project with local utility company. Negotiated with senior
management of utility company for early completion and faster, more streamlined
design revisions.
• Created project budgets, developed and integrated cost reductions and managed work
and change orders resulting in average of 1% savings at job completion ($12MM -
$50MM projects).
1998-2000 BOVIS LEND LEASE, INC.
Assistant Project Manager, 1999-2000 Washington, DC
• Managed $1MM National Park Service renovation for neighborhood improvements
prior to mixed-use project opening. Park featured in second season of "West Wing"
television program.
• Assisted in creation of first local Guaranteed Maximum Price contract with national
client. Developed & negotiated subcontracts within the scope of this agreement.
• Acted as liaison between Owner, designer and contractor on fast-track exterior private
residence construction for principal of national client. Discretely managed work &
payments so family could enjoy weekend home.
Assistant Project Manager, 1998-1999 Boston, MA
ADDITIONAL • Downhill skier; enjoy playing golf and indoor cycling.
• Race for the Cure participant (3 years), youth soccer coach and charity volunteer
September 2006
MICHAEL DZAMBA
428 Hamilton Place • Ann Arbor, MI 48104
mdzamba@umich.edu • 518.331.8265
EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor, MI
Stephen M. Ross School of Business
Master of Business Administration, April 2007
• Emphases on Finance and Real Estate Development
• Selected as VP of Real Estate Finance for Michigan Real Estate Club
• Selected as a Career Counselor by the Office of Career Development
• Selected as a Committee Chair for Go Blue! Rendezvous 2006
• Elected Section President by 80 peers
• Member of Finance Club
WAKE FOREST UNIVERSITY Winston-Salem, NC
The Wayne Calloway School of Business and Accountancy
Bachelor of Science in Business, May 2001
• Awarded Thomas H. Davis Scholarship for academic merit and potential for leadership;
Dean's List 4 semesters
• Won 2001 Lowes Case Cup Competition for development of original entrepreneurial
idea and subsequent business plan
• Completed international exchange program with Middlesex University in London, U.K.
EXPERIENCE DEUTSCHE BANK SECURITIES INC.
2006 Global Industrials Investment Bank- Summer Associate Chicago, IL
Summer • Provided strategic acquisition overview for the management of a $2 billion Forest
Products company, including accretion/dilution and reverse merger analyses on 3
industry competitors.
• Conducted LBO analyses to support 3 potential acquisitions ranging from $200
million-$3.5 billion in the Capital Goods space. Analyses were presented to financial
sponsors.
Global Real Estate Investment Bank- Summer Associate New York, NY
• Advised the management of a $2.3 billion REIT, regarding a potential $300 million
acquisition. Provided sum of the parts and comparable valuation analyses for the all
stock transaction.
• Prepared LBO and comparables analyses for the potential acquisition of a $3.3 billion
real estate developer.
2003-2005 THE BUCKINGHAM RESEARCH GROUP INC. New York, NY
Institutional Equity Research Sales- Account Executive, 2004-2005
• Developed investment recommendations for top-tier institutional accounts, resulting in
an average increase in revenues of 200% per account in 2004.
• Performed analyses including comparable company and precedent transaction to
generate investment recommendations across 8 industry sectors. Utilized data sources
including company financial statements, analyst reports and market research.
• Identified and pitched new client accounts, resulting in over $150K in recurring new
business during 2H04.
• Led cross-functional team in redesigning format of firm's research brief, which is
distributed to over 700 clients daily.
Institutional Equity Research Sales- Associate, 2003-2004
• Collaborated with team of senior vice presidents to analyze and develop investment
ideas for institutional clients, generating over $7M in revenues during 2003.
• Trained junior sales associates with respect to financial analysis, modeling and security
valuation.
ADDITIONAL • Institutional Equity Research Sales Associate at Investec Inc. (2002-2003); First Albany
Capital Inc. (2001-2002)
• NASD Series 7 & 63 Licenses
• Enthusiastic about travel, sports (skiing, tennis, golf) and music
September 2006
SANDEEP PATEL
839 Tappan Avenue, Apt. 1 • Ann Arbor, MI 48104
sandeepp@umich.edu • 678.517.6273
EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor, MI
Stephen M. Ross School of Business
Master of Business Administration, May 2007
• Emphases in Finance and Corporate Strategy
• Elected Southern Club Admissions Liaison Officer and selected to serve as Student
Ambassador for Admissions Office
• Member of Finance, Real Estate, UMBSA, Golf, and Wine Club
UNIVERSITY OF ILLINOIS Champaign, IL
College of Engineering
Bachelor of Science, Computer Science, May 2001
• Served as President of Engineering College Leadership Council
• Recipient of Governor's Student Scholarship
• Elected VP of Indian Students Association
EXPERIENCE CREDIT SUISSE New York, NY
2006 Investment Banking Summer Associate, 2006-2006
• Completed extensive due diligence with company’s senior management in a $2.5 billion
participation to develop bidding strategy in a management-led buyout for a diversified
REIT.
• Conducted valuation using sum-of-the-parts, discounted cash flow, and comparable
company analysis to determine appropriate purchase price.
• Prepared and presented Credit Committee memo to senior bankers for approval of a
$1.1 billion term loan in the management-led buyout.
• Developed Investment Banking Committee memo for participation as a co-lead
manager for a $170 million follow-on common share offering for a leading REIT.
• Assisted senior managing directors on various pitches for homebuilding and upscale
lodging companies that highlighted the financial and strategic aspects of the business.
2001-2005 ACCENTURE Atlanta, GA
Consultant, 2003-2005
• Modeled and supervised a group risk rating application business case with aggressive
deadlines, generating additional revenues of $2.5 million per year.
• Developed a medical underwriting scenario model to identify patients with chronic
disease, translating to savings of $5 million in claims expenses.
• Performed due diligence for the client's application and related assets to validate
business continuity execution.
• Analyzed business operations model and costs to identify realignment of business
processes, resulting in revenues of $3 million and 20% in annual savings.
• Prepared a seventy-five page proposal highlighting Accenture's capabilities in the
healthcare IT strategy arena.
• Managed team of 12 analysts and consultants to research healthcare industry portal
trends and prepare final presentation for the CIO.
Analyst, 2001-2003
• Designed and developed the business architecture for an online consumer portal.
• Led cross-functional team of 6 consultants and clients to develop the business case for
utilization of new online portal.
• Researched and analyzed membership data to map requirements to business
capabilities for the provider and employer portal used by 12 million healthcare
consumers.
• Created development and code migration standards for a $20 million project, which
was later adopted by entire IT organization.
ADDITIONAL • Recent travels include trips to India, Malaysia, France, and Spain
• Interests include tutoring, wine tasting, college football, golf
September 2006
RACHAEL PRESTON
210 W. Summit St. • Ann Arbor, MI 48103
rachaelp@umich.edu • 240.476.5801
EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor, MI
Stephen M. Ross School of Business
Master of Business Administration, May 2007
• Emphases in Real Estate Development and Finance
• Selected as Career Counselor for Office of Career Development
• VP Marketing, Real Estate Club; VP Marketing Southern Club
• Recipient of Merit-based Michigan Distinguished Leaders Award
SMITH COLLEGE Northampton, MA
Bachelor of Arts, May 2001
• Study Abroad Fall 1999 University of New South Wales, Australia
• Member Varsity Lacrosse Team 1998-2001, Captain 2001
EXPERIENCE ANACOSTIA WATERFRONT CORPORATION Washington, DC
Summer 2006 Summer Associate
• Modeled sources and uses for AWC sites in the exciting new Washington Nationals Ball
Park District including infrastructure costs, affordable housing, and other social policy
statutory requirements to recommend land values for a public-private mixed
development site
• Recommended an affordable housing policy for a new Washington, DC public
corporation resulting in a politically and financially viable solution
• Valued AWC social policy initiatives and statutory requirements to provide a
framework for selecting financing strategies and an organizational mission
2003-2005 BLACKHAWK MANAGEMENT CORPORATION Washington, DC
Program Analyst, 2004-2005
• Managed Federal Aviation Administration hardware contracts and projects for FAA
client, evaluating vendor billing, deadlines, and quality to ensure maintenance of
critical weather sensing systems.
• Negotiated research grant statement of work to provide FAA client with desired
technology development in compliance with federal standards.
• Developed and leveraged a private industry relationship to partner in new techonology
development, saving client $20K.
• Supervised verification and auditing of maintenance contract budgets leading to
implementation of new tracking system.
Junior Analyst, 2003-2004
• Defined and managed deadlines during management of one year technology
development research project valued at $50K.
• Established leadership dynamic with academic team including students and professors
at remote location to ensure completion of research meeting client expectations and
federal requirements.
• Pursued training to develop critical database tracking sensor research and maintain
existing monitoring system of Federal Automated Weather Observing Systems.
ADDITIONAL • Habitat for Humanity Multidisciplinary Action Project: Recommended an
organizational strategy for domestic disaster relief based on ongoing experiences in the
Gulf Coast
• Manage financing and leasing of two investment properties in Washington, DC and
Ann Arbor, MI.
• Co-founder and member of Board of Directors of the DC Bocce League as featured in
the Washington Post summer 2006 www.dcbocce.com.
• Proud Philadelphia sports fan, golfer, and accomplished theme-party hostess.
October 2006
NAAZNEEN J RAHMAN
11270 Maple Valley Drive • Plymouth, MI 48170
naazneen_rahman@hotmail.com • 734.658.5475
EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor, MI
Stephen M. Ross School of Business
Master of Business Administration, May 2007
• Emphases on Finance and Strategy.
• Elected President of the Michigan Real Estate Club.
• Club Membership- Real Estate, Finance, Consulting & Michigan Business Women.
• Elected as Ross Alumni Development Committee Section Leader.
College of Architecture and Urban Planning
Master of Architecture and Urban Design, June 1996
• Graduated with High Distinction (GPA 3.8/4.0)
ANNA UNIVERSITY Madras, India
School of Architecture and Urban Planning
Bachelor of Architecture and Urban Planning, May 1992
• Graduated with High Distinction (GPA 4.0/4.0)
EXPERIENCE JPMORGAN CHASE & CO. Chicago, IL
Summer 2006 Investment Banking Associate - Real Estate Sector
• Advised multi-national, REIT (real estate investment trust) in $600 million sell-side
transaction of two minority-owned assets; executed projection models, descriptive
memorandums, management due-diligence sessions.
• Developed financial valuation and industry analysis for $1 billion buy-side transaction
of top 15 U.S. Home builder.
• Prepared DCF, accretion/dilution, and comparables analyses of $2 billion mortgage real
estate investment trust for presentation to management.
• Conducted LBO analysis of $3 billion shopping center REIT (real estate investment
trust), materials presented to financial sponsor groups.
1998-Present NSR REAL ESTATE SERVICES, LLC Plymouth, MI
Founder/Principal
• Own/Manage Real Estate Investment Company with investment portfolio of $500K;
R.O.I of 4% for CY04.
• Performed valuation analysis, managed capital improvements, analyzed operational
expenses, improved rents generating $11K in cash flow for CY04.
2004-2005 NORDSTROM SAMSON ASSOCIATES Farmington Hills, MI
Project Manager/Design Architect
• Developed financial model and business plan for engineering group procurement,
generating $4M.
• Led 12 person cross-functional team to respond to $210M RFP (request for proposal) for
3 retirement campuses, won project, driving $18M in revenue.
2002-2004 FANNING/HOWEY ASSOCIATES Novi, MI
Project Manager/Design Architect
• Analyzed financial budgets and created growth model for internal design group that
led to national recognition, generating $3M in marketing revenue.
• Performed a hold/sell analysis for local school district on $105M property supporting
the portfolio manager decision to sell the asset.
1996-2002 HAMILTON ANDERSON ASSOCIATES Detroit, MI
Lead Design Architect
• Led 12 person design team on $60M Arts High School in downtown Detroit, resulting in
first new high school in Detroit in over 25 years.
ADDITIONAL • Licensed Architect in United States, Great Britain and India.
• Watercolor and Charcoal artist; sold 12 pieces at local art fairs.
August 2006
BRIAN STEARNS
1101 Henry St. • Ann Arbor, MI 48104
stearnsb@umich.edu • 703.431.4755
EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor, MI
Stephen M. Ross School of Business
Master of Business Administration, April 2007
• Awarded Dean’s Fellowship, merit-based full tuition scholarship
• Selected as Career Counselor and Global Blue Mentor; Elected Section Treasurer
• Member of Finance and Entrepreneur and Venture Clubs; Selected as Director of
Education and Special Events for both Sports Business Association and Golf Club
• GMAT: 760, 99th Percentile
WASHINGTON & LEE UNIVERSITY Lexington, VA
Bachelor of Arts, Economics and East Asian Studies, June 2002
• Graduated Magna Cum Laude
• Completed exchange and homestay program: Kansai Gaidai, Osaka, Japan, Fall 2000
EXPERIENCE UBS INVESTMENT BANK Chicago, IL
Summer 2006 Summer Associate, M&A and Midwest Coverage
• Performed valuation and merger consequences analyses for M&A opportunities,
including LBO and Reverse Morris Trust transactions, across industrial, renewable
energy, media and healthcare industries
• Provided takeover defense advisory to $2 billion construction equipment manufacturer,
with responsibility for assessing defense profile and establishing fair market valuation
through discounted cash flow and comparables analyses
• Advised $7 billion engineering and construction services company on capital raising
and cash management, including provision of equity shelf and credit revolver products
2002-2005 DELOITTE CONSULTING Washington, DC
Consultant, Strategy & Operations, 2004-2005
• Assisted Financial Services Southeast Region Lead Partner to develop a 3-year strategic
plan and growth model to attain over 300% revenue growth in region
• Developed competitive intelligence for $23 billion global credit card issuer to educate
U.S. business technology officers and assist in IT strategic planning. Chosen to lead
follow-on effort for Canadian card business
• Implemented balanced scorecard and business management model at $11 billion
national electricity generator to formalize data analysis and reduce complexity of
reported metrics (from over 200 to 30)
• Developed unique solutions and marketed Deloitte’s multi-disciplinary capabilities in
response to sales opportunities that resulted in over $15 million of new business
• Selected by firm leadership from among top 5% of experienced analysts and consultants
to train newly-hired business analysts
Business Analyst, Strategy & Operations, 2002-2004
• Managed vendor selection, contract negotiations, and financial business case for $800
million complete customer service outsourcing deal at national utility company
• Developed tariff scenario model to analyze over 2,000 power-supplying assets, resulting
in 7.5% reduction of annual energy spend at $71 billion cable company
• Collaborated with legal counsel to develop expert written testimony in support of
regulated utility’s request to increase rates and earn fair return on $78 million invested
in customer service enhancements
• Supported $26 billion post-merger integration of two aerospace and defense
manufacturers, identifying $30 million in annual synergy savings within internal
information systems group
Summer 2001 WALKER & DUNLOP REAL ESTATE AND FINANCIAL SERVICES
Analyst, Debt Financing Bethesda, MD
ADDITIONAL • Avid skier, lacrosse player and golfer (6 handicap); outdoor enthusiast; homeowner
• Featured in "Whaddyado?", an educational children's television program on heroism
and coping with life-threatening situations
October 2006






NYU
New York University
Leonard N. Stern School of Business
Henry Kaufman Management Center
44 West Fourth Street
New York, NY 10012


William Bond:




Daniel Engle:




Jennifer Karol:













Matthew Lawrie:




Allan Serviansky:





Derek Wedgeworth:


WILLIAM O. BOND
337 W 21st Street, Apt. 3A
New York, NY 10011
Tel: 410-499-4840
E-mail: william.bond@stern.nyu.edu

Education: NEW YORK UNIVERSITY New York, NY
Leonard N. Stern School of Business
Master of Business Administration, May 2007
Specialization in Finance

• Co-Captain Rugby Football Club; Member: Real Estate Club, Graduate Finance Club and
Association of Investment Management

BOWDOIN COLLEGE Brunswick, ME
Bachelor of Arts, Government and Legal Studies, May 2000

• Graduated cum laude
• Studied for a semester at University of Melbourne in Australia
• Four-year letter winner on nationally-ranked lacrosse team
• Leader and member of allocation committee for $10,000 budget of college-sponsored social house

ABP INVESTMENTS US, INC. New York, NY Experience:
Summer Portfolio Analyst / Term Time Intern - North American Strategic Real Estate
Fund 2006
• Evaluated and researched real estate investments in private limited partnerships using
techniques such as IRR and fee waterfall analyses.
• Wrote and assisted in presenting committee approval memoranda for $50 to $200 million
private partnership investments.
• Assisted in deal structure and terms negotiations with general partners and attorneys.
• Analyzed and projected property type performance by geographic market.


SUSQUEHANNA BANK Towson,
MD
2004-2005
2003-2004
Assistant Vice President - Real Estate Group
Loan Officer - Real Estate Group
• Managed $50 million real estate loan portfolio; closed in excess of $30 million in new loans and
generated greater than $200,000 in fee income in 2004.
• Originated, underwrote, presented, and gained committee and board approval for residential and
commercial real estate loans ranging in size up to $16 million.
• Negotiated loan structure and documentation with clients and attorneys; reviewed appraisals for
proper methodology and appropriateness of comparables.

• Managed and developed existing and prospective client relationships.
• Represented bank at conferences and industry events as a member of the Maryland
Bankers Association, Home Builders Association of Maryland, The Urban Land Institute,
and the National Association of Industrial and Office Properties.

2002-2003 Relationship Associate - Real Estate Group

• Inspected and evaluated real estate held as collateral using discounted cash flow analyses.
• Developed and implemented new policy and procedure for evaluating financial performance of
portfolio loans increasing the percentage of loans reviewed from 60% to nearly 100%.
• Prepared proposals, reviewed documents, and presented at approval committee.

FERRIS, BAKER WATTS, INC. Baltimore, MD
2001 Research Associate
• Wrote articles highlighting new equity research coverage for weekly Front Line newsletter;
contacted investment advisors with breaking news regarding their clients’ holdings.
• Assisted equity research analyst covering small- to medium-size regional commercial banks.
• Built historical and projected earnings and cash flow analyses; performed comparable multiple
analyses; assisted in drafting and editing published research.

Additional: • Interests include golf, backpacking, traveling, music, and mountain biking.
DANIEL JOSEPH ENGLE
492Laguadia Place, Apt. 3A
New York, NY 10026
Tel: 415-867-6493
E-mail: daniel.engle@stern.nyu.edu

Education: NEW YORK UNIVERSITY New York, NY
Leonard N. Stern School of Business
Master of Business Administration, May 2007

Specialization in Real Estate Development
• Stern Fellowship Recipient (merit-based)
• Recipient, Consortium for Graduate Studies in Management tuition fellowship

• President, Stern Real Estate Club
• Member of the Family Business Club and of the Association of Hispanic Black Business
Students

TULANE UNIVERSITY New Orleans, LA
Bachelor of Art, Sociology, Minor in Business May, 2002

Experience: Carlton Senior Living Martinez, CA
Summer
2006 Associate Developer
• Sourced sites for development
• Analyzed potential acquisitions and development projects

• Routinely negotiated the terms of financing with lenders
• Negotiate terms for acquisitions
• Over see the development or rehab projects
• Demographic Analysis
2002-2005

ARROYO & COATES INC. San Francisco, CA
Associate Director
• Sourced and maintained several hundred important new client relationships
• Significantly improved lender relations and financing compatibility
• Routinely negotiated the terms of financing with lenders

• Created several innovative loan programs with lenders to fit certain client’s needs
• Completed substantial projects in excess of $300 million in financing
• Financed single-tenant retail, multi-family, assisted living, Fannie Mae, conduit, and multi-tenant
offices

Summer
2001 A. F. EVANS COMPANY INC. San Francisco, CA
Internship
• Conducted market analyses and surveys for apartments and condos
• Acted as liaison to San Francisco and government agencies
• Organized financial records for tenant relocation

• Configured California Housing Finance Agency (CHFA) closing binder
• Formulated reports for top management

Summer
2000
HARVEY PROPERTY MANAGEMENT and DEVELOPMENT Bethesda, MD
Internship
• Formulated Utility Deregulation strategy for upper management
• Analyzed and reconstructed 42 leases
• Corresponded and negotiated terms with tenants and vendors
• Conducted property inspection
• Established Certificate of Insurance process
• Learned to develop multi-family and commercial strip malls
• Assisted with new retail office/hotel developments in CA, AZ, FL, MI and OH
• Conducted market analyses for apartments in D.C. metropolitan area

Additional: • Member in San Francisco Bay Area Mortgage Association
• Interests include Sailing, Wrestling Club, Muy Thai Kick Boxing, Rugby, Ceramics

JENNIFER L. KAROL
298 Mulberry Street, Apt. 7L
New York, NY 10012
Tel: 646-379-1704
E-mail: jennifer.karol@stern.nyu.edu

Education: NEW YORK UNIVERSITY New York, NY
Leonard N. Stern School of Business
Master of Business Administration, May 2007
Specialization in Finance, Management, Strategy

• Vice President Events, Real Estate Club
• Vice President Marketing & Events, Social Enterprise Association
• Coursework: Real Estate Development, Financial Modeling, Social Enterprise Development

UNIVERSITY OF COLORADO Boulder, CO
Bachelor of English Literature, summa cum laude, May 2000
• Phi Beta Kappa, and Golden Key national honor societies
• Awards: Arnold National Merit Scholarship, Certificate of Outstanding Community Service
• Member: University of Colorado freestyle ski team

Experience: ARCHSTONE CONSULTING New York, NY
Summer 2006 Summer Associate

• Designed and implemented content management model incorporating HR, store systems, and
operations policies for Fortune 500 client, resulting in improved corporate communications and
store operational efficiency.

• Conducted in-depth interviews with client’s senior management team to inform content
management governance and process models on intranet site.

• Analyzed compensation structures and trends in the insurance industry resulting in successful RFP
bid for a $1 million project.

Experience: PENN, SCHOEN, AND BERLAND ASSOCIATES (a WPP Group company) New York, NY
2004-2005 Director

• Consulted to two of the firm’s largest clients on a variety of strategic marketing and
communications initiatives, including customer relationship management, brand positioning,
messaging and advertising optimization, PR opportunities, and crisis communications.

• Managed over $2 million in consulting and research projects leading to project revenue growth of
more than 50%.

• Developed strong client relationships and presented strategic recommendations and implications to
senior management clients.

• Assessed and developed a U.S. market positioning strategy for a Global 100 client, resulting in
improved financial analysis of advertising spend impact and brand tracking metrics.

• Directed a 2004 presidential candidate analysis project, resulting in national press coverage by The
Wall Street Journal, The New York Times, PBS, CNBC, and CNN.

2000-2002 Research Analyst/ Project Manager

• Led cross-functional team on a global customer satisfaction study for a major communications
technology client.

• Created market and customer analysis research plans for clients such as Avaya, BP, ConAgra,
Goldman Sachs, KPMG, Siemens, and Unilever.

• Managed all aspects of quantitative and qualitative research projects including proposal and
questionnaire development, fieldwork, data analysis and report writing.

2002-2004 ABERCROMBIE & FITCH New York, NY
Associate Market Researcher, Global Concept

• Established trend and market research programs for four distinct brands focused on lifestyle
dressing for girls and women aged 11 – 30.

• Presented research findings bi-weekly to senior leadership team including CEO, senior-level
designers and merchants.
• Developed pricing recommendations resulting in increased revenue of over $3 million

• Identified opportunity for Abercrombie kids brand to grow pants business, resulting in over 20%
increase to total girls bottoms business in 2003.

Additional: • Member: Urban Land Institute Young Leaders Group
• Other interests include skiing, travel, community service, kayaking

MATTHEW LAWRIE
264 5
th
Avenue, Apt. 4F
Brooklyn, NY 11215
Tel: (917) 771-9701
E-mail: matthew.lawrie@stern.nyu.edu


Education: NEW YORK UNIVERSITY New York, NY
Leonard N. Stern School of Business
Masters of Business Administration, May 2007
Specialization in Finance, Accounting and Entrepreneurship
• ARGUS class by ACG Professionals
• Vice president of Real Estate Club
• 2
nd
Place finish: UNC Real Estate Development Case Competition, 2006

UNIVERSITY OF WATERLOO Waterloo, Canada
Masters of Architecture, January 2004
• Publicly presented and defended 200 page thesis to four member panel and audience of one hundred peers

Bachelor of Environmental Studies – Architecture, January 2000
• Ranked top 5% of class

Experience: PACIFIC PROPERTY COMPANY Palo Alto, CA
Summer 2006 Associate, Acquisitions, Real Estate
• Underwrote acquisition deals ranging between $10M - $220 M for real-estate company that specializes in
Core and Value-add multi-family investments
• Created financial model that analyzed property cash flows and tracked variance to underwritten pro-forma
assumptions
• Directed design efforts for strategic repositioning of $50M asset with an expected NOI increase of over
$990,000 (over 30% increase) per year over current collected rents
• Assembled investment committee packages

Spring 2006 AIR FINANCE CORPORATION New York, NY
Part-time Analyst, Real Estate
• Created Excel model to analyze existing and projected real estate portfolio

2004-2005 ARQUITECTONICA New York, NY
Associate Project Manager for 29 Unit Townhouse Development
• Performed cost analysis of various construction techniques to minimize project budget
• Implemented value engineering changes estimated to save $2.6 million (23% of construction budget)
while maintaining original design integrity
• Reviewed engineering drawings and coordinated structural, mechanical, electrical and plumbing systems
• Assisted in running weekly meetings designed to coordinate diverse needs of client/developer, engineers,
construction manager, and marketing group and presented design developments to client and other
professionals on weekly basis

2001-2002 OVE ARUP ENGINEERING New York, NY
Design Technologies Associate
• Developed Excel and MATLAB models for visualizations of data sets for phenomena such as crowd
behavior and acoustic-spatial properties
• Collaborated as consultant with internationally renowned architects
• Worked simultaneously on several intense, time sensitive projects
• Researched and incorporated new technologies and techniques into building design and construction

2001 CHASSAY AND LAST ARCHITECTS London, UK
Associate Architect
• Assisted in construction management of £15 million renovation of historic 18
th
century row houses;
responsible for managing construction change orders and performing site visits to inspect quality
• Integrated HVAC and electrical systems with existing structural system in £10 million conversion of
office building to hotel

Additional: • Diploma of Jazz Performance, Tenor Saxophone, Malaspina University, Canada, 1996
ALLAN BENJAMIN SERVIANSKY
One Irving Place, Apt. V19B
New York, NY 10003
Tel: 305-710-1400
E-mail: allan.serviansky@stern.nyu.edu

Education: NEW YORK UNIVERSITY New York, NY
Leonard N. Stern School of Business
Master of Business Administration, May 2007
Specialization in Finance
• Fellow, Consortium for Graduate Study in Management.
• President, Real Estate Club; Member, Graduate Finance Association.

WASHINGTON UNIVERSITY IN ST. LOUIS St. Louis, MO
Bachelor of Arts, Psychology, May 2003
• Dean’s List, College Honors, Psi Chi National Honor Society, Order of Omega National Honor
Society, Chancellor’s Dinner Honor.

Experience: WELLS FARGO BANK, N.A. Washington, D.C.
2006 Summer Associate – Real Estate Group
• Led the underwriting and valuation of a $595 million commercial real estate portfolio, a $900 million
residential land portfolio, and a $14 billion bank.
• Analyzed financial statements and conducted annual financial reviews for several large clients,
including land developers, real estate investment trusts, and hotel/office/retail management firms.
• Participated in the underwriting and structuring of a $28 million construction loan for a 170-room, full-
service hotel.
• Met with prospective clients and conducted due diligence and valuation analyses during the credit
approval process.

LANDSTAR DEVELOPMENT CORPORATION Miami, FL
2004-2005 Director of Land Banking
• Structured land banking fund to provide financing to public homebuilders for the acquisition and
development of residential properties ranging in size from $15 million to over $100 million.
• Initiated relationships and negotiated agreements with public homebuilders, including several Fortune
500 companies.
• Prepared project term sheets and pro forma documents used by directors as a basis for decision-making
on land development opportunities.
• Conducted market research studies in Las Vegas, NV; Lakeland, FL; Homestead, FL; Brevard County,
FL and the Greater Orlando Area, and made recommendations regarding which markets would be most
profitable to enter.
• Executed joint venture transaction in Melbourne, FL grossing more than $70 million.
• Facilitated negotiations for the acquisition of Central Florida homebuilding division by Toll Brothers.

2004 Land Acquisition Manager
• Identified and researched more than fifty land acquisition opportunities throughout Florida, resulting in
approximately ten Letters of Intent and three acquisitions.
• Created development feasibility analyses and coordinated due diligence activities.
• Supervised development activities for a 300-acre, 900-unit residential project in St. Cloud, FL.
• Spearheaded business plans for entering Polk County, FL homebuilding and land development market
with a 1,200-acre, master-planned community that has more than tripled in value, from $20 million to
over $60 million.

2003-2004 LANDSTAR HOMES Orlando, FL
Project Analyst
• Implemented scope of work document system for sub-contract agreements.
• Analyzed construction plans and participated in community planning.
• Prepared 2004 cash flows and consolidated budget projections.

Additional: • Native Fluency in Spanish (both written and oral).
• Other interests include politics, boating and basketball.

DEREK R. WEDGEWORTH
210 Cedar Street
Hempstead, NY 11550
Tel: 516-238-7895
E-mail: derek.wedgeworth@stern.nyu.edu



Education: NEW YORK UNIVERSITY New York, NY
Leonard N. Stern School of Business
Master of Business Administration, May 2008
Specialization in Finance, Strategy
• Member, Stern Real Estate Club (REC)
• Member, Graduate Finance Association, Consortium for Graduate Study in Management

REAP New York, NY
Real Estate Associates Program, July 2006
• Focus: enhancing value via increased NOI and decreased physical and economic risk
• Topics: Management, Leasing, Development, Marketing, Financial Analysis (NPV, IRR, ROI)

DARTMOUTH COLLEGE Hanover, NH
Bachelor of Arts, Geography, June 2001
• Manager and Member, Sheba Dance Group, responsible for budgeting and financing activities


Experience: Hanover Capital, LLC Carson City, NV
2006-present Managing Partner, Real Estate Investment Firm
• Manage investor concerns and continuously seek new investment opportunities
• Structured joint venture to develop a scattered site project in the Harlem region of Manhattan
• Marketed investment opportunity and raised $100,000 of capital from several individual investors

2003-2006 BANK OF AMERICA, N.A. New York, NY
Officer, Commodities
• Reconciled daily positions to ensure accurate reporting of $44 million power/natural gas portfolio

• Initiated and managed an IT/Middle office project for real-time automated broker confirm
matching (avoiding +$7 million dollars in potential operational losses)
• Applied derivative trading theory to provide deal management and analysis
• Trained junior analysts in operational procedures and risk management theory
• Communicated daily with traders regarding previous day MTM valuations

2003 J.P. MORGAN CHASE & CO. New York, NY
Consultant, Derivative Confirmations
• Drafted confirmations for financial power, natural gas, and interest rate swaps
• Handled counterparty discrepancies and financial details of outstanding derivative trades and
• Liaised with legal counsel regarding compliance with contract language

2002 WILLIAMS COS. INC. Tulsa, OK
Trading Analyst, Risk Management
• Provided daily, detailed position and P&L analysis of power portfolios
• Applied option theory and risk control concepts to provide timely and accurate reporting
• Identified, tracked, and managed exposures for power and natural gas portfolios


Additional: • Real Estate Affiliations: ULI (Urban Land Institute), ICSC (International Council of Shopping
Centers), AAREPNY (African American Real Estate Professionals of New York)
• Communications: coursework in management communications, public & persuasive speaking
• Computer Skills: Argus, Murex, Open Link
• Interests: skydiving, dance (salsa/swing/Hip-Hop), weight training, travel







Stanford
Peter Ciganik
Stanford Graduate School of Business
Wendy Lowe David Park
Ayesha Menon Bradley Weinberg
PETER CIGANIK

736 Escondido Road, #410
Stanford, CA 94305
(617) 909-6160
Ciganik_peter@gsb.stanford.edu

Education

STANFORD GRADUATE SCHOOL OF BUSINESS Stanford, CA
2005-2007
ƒ Club leadership: Real Estate Club, Finance and Investment Club (CFO and member of Investment Committee)
ƒ Organizer: Stanford Principal Investment Conference. Member: Urban Land Institute, NAIOP

HARVARD UNIVERSITY Cambridge, MA

1997-2001
ƒ BA summa cum laude in Government (Political Economy), GPA 3.9, Phi Beta Kappa junior year
ƒ Hoopes Prize for best senior thesis, John Harvard, Weatherhead, Soros and Krupp Scholarships, Conant Prize in Science
ƒ Organized econ. development conference in Singapore with President of Singapore, Secretary General of ASEAN as keynotes

Professional experience

MORGAN STANLEY REAL ESTATE FUND (MSREF) London, UK

Real estate acquisitions and asset management
ƒ Analyzed and presented a €104M investment in a premier office asset in Frankfurt, approved by the Investment Committee
ƒ Analyzed a €547M potential investment in a portfolio of 28 office assets across Germany for MSREF Fund VI
ƒ Developed valuation models and monitoring tools for investments in publicly traded hotel companies. Identified and
presented opportunities in the UK, French and Hungarian hotel sectors for Special Situations Fund II
ƒ Supervised a group of analysts monitoring the group’s €650M investment in a pan-European portfolio of shopping centers
ƒ Prepared client presentations for the Board of a publicly traded UK office developer on a potential take-private transaction

LEHMAN BROTHERS New York, NY

Private equity, Lehman Brothers Real Estate Partners (LBREP)
ƒ Worked with the head of the Private Equity Division on a long-term strategic plan to increase assets to $18B. Developed
simulation models to forecast real estate fund performance, promotes, and risk equity requirements for new funds
ƒ Developed investor presentations for the launch of $1B Real Estate Mezzanine Fund
ƒ Led analysis of $110M condominium development in Florida, approved by the firm’s Investment Committee

Mergers and acquisitions
ƒ Identified and evaluated principal investment and acquisition opportunities for the firm’s Executive Committee, including
asset management, hedge fund and investment banking firms in the US and Europe.
ƒ Developed valuation models, identified revenue and cost synergies, managed subsequent integration of acquired companies
ƒ Team received Institutional Investor Deal of the Year for the acquisition of asset manager Neuberger Berman ($2.6B)

Corporate strategy
ƒ Responsible for development of new business lines, market and competitor analysis for the firm’s executive management
ƒ Project leader for strategy reviews of top 30 clients with the CEO and Exec. Committee. Led team of 5 account managers
ƒ Responsible for developing three firm-wide initiatives to enhance Lehman’s focus on key PE and hedge fund clients

McKINSEY & CO. NY, Prague, Frankfurt

Real estate
ƒ Developed proposal for a real estate service line within McKinsey’s financial services practice. Analyzed real estate cycles,
operating economics of REITs and portfolio diversification strategies for real estate asset managers
ƒ Worked with an asset management firm to divest industrial real estate holdings, restructure and diversify portfolio

Other selected engagements
ƒ Operations and pricing engagement with a major US brokerage leading to cost savings of $75M over two years
ƒ Turnaround project for a large European health insurer. Reorganized regional sales groups and introduced new products
ƒ Due diligence for KKR’s LBO of Yellow Pages Group ($343M)

Personal

Summer 2006
2003-2005
Summer 2000, 2001-2003
MUSEUM OF AMERICAN FINANCIAL HISTORY
ƒ Member of the Board of Advisors (Fundraising Committee). Responsible for developing a new fundraising strategy and
materials for the Museum’s $10M capital campaign and relocation to 48 Wall Street. Working closely with senior trustees

SKILLS AND INTERESTS
ƒ Argus, Factset, Bloomberg, CapitalIQ, Crystal Ball, Extend, Access. Fluent in Slovak, Czech, advanced German, Russian
ƒ Former competitive swimmer, crew member with the Royal Lifeboat Institution. Received Royal Life Saving Society Certificate
WENDY A. LOWE
102 Hoskins Court - Apt. 316 • Stanford, CA, 94305, U.S.A.
+1 (917) 570-6019 • lowe_wendy@gsb.stanford.edu

EDUCATION
STANFORD GRADUATE SCHOOL OF BUSINESS Stanford, CA, U.S.A.
Masters of Business Administration Candidate – June 2007
• Global Management Program, Academic Committee, Challenge 4 Charity Volunteer, Undergraduate Mentor
• Co-Lead Women in Management; Active member Real Estate Club, PE/VC Club, Investment Club, Travel Club

WASHINGTON UNIVERSITY St. Louis, MO, U.S.A.
Bachelor of Science in Business Administration – Majors: Marketing and Spanish – May 1999
• Dean’s List, Caribbean Association (Vice President), Latin American Association (Treasurer), Frisbee (Captain)

ESCP–EAP EUROPEAN SCHOOL OF MANAGEMENT Madrid, Spain
European Masters in Management – Exchange Program – 1997–1998
• One of five selected from 75 applicants for intensive language, business study and internship program
EXPERIENCE
GROSVENOR GROUP, LTD. London, U.K.
Intern, Real Estate Acquisitions & Investments Summer 2006
• Performed analysis and made recommendations for potential real estate acquisition and development projects
• Analyzed scenarios for London Estate office portfolio and made sale/purchase recommendations

GOOGLE, INC. London, U.K.
Intern, Strategy & Operations Summer 2006
• Developed cross functional Sales Excellence program to increase Direct Sales revenues and productivity

BEARINGPOINT, INC. (Formerly KPMG CONSULTING) New York, NY, U.S.A.
Manager (2003–2005), Senior Consultant (2001–2002), Consultant (2000), Analyst (1999) 1999–2005
• Youngest employee promoted to Manager. Selected for Rising Star Award out of 3,000.
• Developed and executed business, operational and organizational strategy, process and organizational
design and change for large global client organizations
• Personally generated $2.1M new business annually and managed $4.3M project execution annually
• Managed new hire training and mentoring. Created Consultants’ Forum and Connectivity Initiative

Engagement highlights:
• Led 42 person team to develop innovative investment management product and spin off as new venture.
Managed product development and deployment lifecycles – forecasted $160M sales
• Identified and executed business process improvement, cost reduction and business continuity opportunities
for global financial services firm – $3.2M annual savings
• Designed and implemented new business, systems and operational models to increase organizational efficiency
for a major insurance company – $3.5M annual savings

BNP PARIBAS Madrid, Spain
Analyst, Capital Markets 1998
• Conducted business and financial due diligence. Participated in drafting sessions and roadshows
• Participated in public equity and debt offerings and financial advisory assignments, including Spain’s
largest financial services public offering for Argentaria Bank – raised over $200M in capital
• Presented recommendations for improving global alignment of corporate processes – $500,000 savings
• Analyzed American fund managers to establish an indexed Eurobond offering
ADDITIONAL
• Languages: English (native), Spanish (fluent), French (reading), Russian (learning)
• Community: Lead Women’s Bond Club Scholarship and Mentoring Program – raise and distribute $40,000
annually. Mentor students through Sponsors for Educational Opportunity and WBC
• Interests: Founded BahamaBound Excursions – immersion travel. SCUBA Dive Master, skiing, tennis, golf,
movies, music and travel – visited over 40 countries

DAVID C. PARK
1035 N. California Ave. • Palo Alto, CA 94303 • (650) 714-5680 • park_david@gsb.stanford.edu
EDUCATION
STANFORD UNIVERSITY GRADUATE SCHOOL OF BUSINESS Stanford, CA
Candidate for MBA Expected June 2007
• Academic Committee, Christian Fellowship, Real Estate Club, Washington DC Study Trip
HARVARD UNIVERSITY Cambridge, MA
AB in Economics, cum laude June 1999
• VP of Harvard Entrepreneurs Club, Treasurer of Pforzheimer House, shooting guard on JV basketball team
EXPERIENCE
JAMISON SERVICES Los Angeles, CA
Acquisitions Analyst Summer 2006
Real estate acquisition and property management company with over 100 buildings and $3.5 billion in real estate assets
under management.
• Conducted financial analysis and due diligence for office building and office park acquisitions
• Evaluated private equity investment possibilities for company founder in various alternative industries
• Researched investment fund structures and assisted in drafting first private placement memorandum
• Reviewed budgeting parameters for similar property management businesses and developed budget parameters and
oversight procedures for Jamison
WORLD RELIEF Baltimore, MD
Director of Microfinance Institution Development 2003 – 2005
Strategic leadership: Defined and led implementation of strategy for programs serving 100,000 clients in 13 countries.
• Led initiative to form new holding company for mature microfinance programs
− Facilitated review of ownership options for $7MM microfinance division, representing 50% of WR net assets
− Led internal microfinance working group composed of executive team
− Recruited external microfinance advisory committee to assist in the process
• Co-led formalization of new microfinance network for three parent non-profit organizations and 17 microfinance
organizations serving 115,000 clients in 16 countries
− Authored concept documents articulating purpose, structure, and performance standards for new network
− Co-led global conference held in Nairobi, Kenya to launch new network
• Represented microfinance program division to the Executive Team, Board of Directors, and outside constituencies
− Presented at Harvard Business School Social Enterprise Conference panel on microfinance
− Spoke to interest groups about microfinance at Harvard, Cornell, Columbia, Houston, New Haven, and Los Angeles
Microfinance Technical Advisor 2002 – 2003
Internal consulting and project management: Assistance and support to program managers in conflict-affected countries.
• Mozambique, Kosovo, Haiti, Dem. Rep. of Congo, Rwanda, Burundi, Uganda, Philippines, Liberia, Sierra Leone
− Managed team that conducted market research with 250 clients in six Mozambique provinces to reduce dropouts
− Co-wrote proposals that received over $1.5 MM in funding
− Facilitated strategic and business planning process for senior management teams
− Led implementation of management information system in Kosovo that introduced real-time portfolio tracking
SG COWEN & CO. San Francisco, CA
Analyst 1999 – 2001
Financial analysis and process management
• Developed models to determine financing feasibility of high yield debt offerings, leveraged buyouts, and mergers
• Synthesized due diligence, financial forecasts, and industry research into public offering documents
• Managed and coordinated deal team communication within the bank and with other deal participants
ADDITIONAL INFORMATION
• Interests include exploring the intersection of for- and not-for-profit sectors, basketball, golf, travel, playing drums
• Proficient in spoken Korean
Ayesha M. Menon
680 Serra Street, Suite E382 y Stanford, CA 94305
(917) 656-8559 y menon_ayesha@gsb.stanford.edu

Education

Stanford Graduate School of Business Stanford, CA
MBA Candidate, June 2008 2006 – 2008
• Clubs: Real Estate, Private Equity, Finance & Investment, Women in Management, Europe, Ski & Snowboard

Princeton University Princeton, NJ
Bachelor of Science and Engineering, Civil Engineering, Cum Laude 1998 - 2002
• Concentration in Architecture; Thesis: “Kowloon Walled City, the making of an icon”
• Vice President, Terrace F. Club

Experience

Pragnya Investment Trust Hyderabad, India
Real Estate Private Equity Fund focused on South Asian markets 2006
• Worked with the team to evaluate new investment opportunities in various cities in India
• Supervised and mentored recent hires, teaching them skills specific to the evaluation of real estate investment
opportunities
• Traveled throughout India to monitor existing projects, and to meet with potential partners for new investments

New Mountain Capital New York, NY
Middle Market Private Equity Fund focused on defensive growth businesses 2004 – 2006
Associate
• Evaluated potential investments across many sectors, involving:
- In-depth industry research, including identifying and conversing with industry experts such as consultants,
managers, independent brokers, investment bankers, and leadership of industry associations
- Detailed, bottoms-up valuation analysis
• Conducted several industry “deep-dives” as part of annual idea generation process
• Work with a team to monitor portfolio company Apptis, Inc. Responsibilities include working closely with CFO
and CEO on tracking Apptis’s financial performance, mid-year reforecasting, and analyzing business growth
opportunities and exit strategies. Worked on the strategic acquisition of SETA, which closed in January 2005

Goldman, Sachs & Co, American Special Situations Group New York, NY
Analyst 2004
• Evaluated various potential investments secured by commercial and industrial equipment and assets
• Revalued Latin American portfolio of DVI’s assets (GS was DIP lender)

Goldman, Sachs & Co, Real Estate Investment Banking New York, NY
Analyst 2002 – 2004
• Responsibilities included: (a) financial valuations, i.e. LBOs, merger analysis, DCFs, comparable company
multiples analysis, deal comparisons, (b) extensive on-site due diligence, (c) drafting of internal committee
memoranda, SEC documents, sales force marketing materials and management presentations
• Underwrote a variety of property types as well as large portfolios of assets for the purpose of mortgage
financings
Noteworthy Transactions
• Advisor to Cerberus Capital Management on its $3.8bn leveraged buyout of LNR Property Corp., including a
$2.9bn committed financing package
• Sale of 50% JV interest in Ontario Mills, valued at $490mm, to JPMorgan Fleming
• $219mm mortgage financing for MBO of portfolio of industrial assets from Reckson Associates
• $500mm bought equity offering for Developers Diversified Realty
• $460mm CMBS issuance (+$105mm mezzanine financing) for CalWest Industrial Properties

Additional
• Languages: English and intermediate French
• Citizenship: US and UK
• Interest: traveling, teaching & mentoring children, furniture (building & designing), urban design, architecture,
investing, outdoor exercise, team sports, reading, ice cream
Bradley Ross Weinberg
7174 Trysail Circle • Tampa, FL 33607
(813) 368-6355 • brad.weinberg@raymondjames.com


PROFESSIONAL EXPERIENCE:
Raymond James & Associates, Inc. St. Petersburg, FL
Real Estate Investment Banking Senior Analyst Fall 2003 – Current
• Created complex valuation models, performed property, financial and corporate due diligence, crafted client specific pitches,
and composed requisite internal commitment documentation and selling memoranda for 69 successfully completed REIT,
homebuilder and lodging C Corporation private and public Company transactions aggregating $11.4 billion, including:
o 29 preferred equity issuances raising $3.0 billion
o 13 initial public offerings/quasi-IPOs raising $3.7 billion
o 20 follow-on common equity offerings for aggregate proceeds of $2.7 billion
o 6 convertible and non-convertible debt issuances raising $1.6 billion
o 1 property portfolio acquisition for aggregate consideration of $523 million
• Senior analyst on the sole lead-managed $465.8 million initial public offering, $340.3 follow-on common equity offering and
$523 million property portfolio purchase for BioMed Realty Trust, Inc.; closely interacted with client’s senior management
from initial engagement through the pricing of the transaction; performed valuation analysis; prepared transaction roadshow
materials; performed property, tenant and financial due diligence; communicated with co-managers and syndicate desk;
assisted in drafting of S-11 filing and final prospectus
• Appointed 2005 & 2006 head of analyst recruiting for Raymond James Investment Banking, responsible for coordinating
campus visits and structuring interviews, creating departmental marketing materials, organizing final round weekend events,
establishing detailed recruiting budget, conducting interviews and evaluating candidates
AIM Capital Management Houston, TX
High Yield Buy-Side Summer Analyst Summer 2002
• Performed credit analysis and valuation for high yield debt issuances in cable, telecom and homebuilding industries
• Interacted with senior management on Company roadshows and provided investment recommendations for AIM High Yield
Fund, an approximately $800 million fund investing primarily in intermediate term BB or lower rated debt securities
Halliburton Houston, TX
Corporate Accounting Intern Summer 2001
• Restated December 2000 balance sheet and obtained auditor approval for release to SEC
• Streamlined and updated MD&A Excel templates for increased internal reporting functionality
TL Ventures Austin, TX
Venture Capital Intern Spring 2001
• Analyzed business plans of prospective clients in biotech and telecommunications industry
• Organized e-mail campaigns and print ads targeting clients in high-tech industry

EDUCATION:
McCombs School of Business, The University of Texas at Austin Austin, TX
Bachelor of Business Administration, High Honors May 2003
Major: Business Honors/Finance (15 hours of accounting completed)
GPA: 3.93 SAT: 1570 (800-M, 770-V) GMAT: 740
• Activities: Research Assistant for Finance department (Spring 2002), Honors Business Association (Four years),
Sigma Alpha Mu social fraternity (Four years), Peer Mentor, Business Golf Association (Co-founder,
Corporate Relations)
• Achievements: National Merit Finalist (Four year scholarship), University Honors (Four years received)

ACTIVITIES AND INTERESTS:
• Big Brothers Big Sisters (Big Brother to 13 year old child of a single parent home)
• Program head of Raymond James volunteer education program at Academy Prep, a community sponsored school (roles
include creating lesson plans and teaching finance and business practices to 8
th
grade students of low-income families)
• Enjoy authoring children’s poetry, recreational tennis, basketball and golf, sport fishing and travel

COMPUTER SKILLS:
• MS Office, Bloomberg, Factset, MergerStat; SDC Platinum, SNL DataSource, Thomson Analytics






Texas
The University of Texas at Austin
McCombs Team





David Busker Joel Elder Hailey Ghalib




Todd Gosselink Tom Paterson Ian Swiergol


David W. Busker
2600 Lake Austin Blvd. #14102
Austin, Texas 78703
(972)898-0926
David.Busker@MBA07.McCombs.UTexas.edu


Education The University of Texas at Austin, McCombs School of Business Austin, TX
May 2007 Master of Business Administration
Concentration in Finance and Real Estate

Vanderbilt University Nashville, TN
May 2001 Bachelor of Arts, Economics major

Experience
Summer 2006 Sorin Capital Management New York, NY
Intern, Credit Group
• Evaluated current investment holdings to refine investment strategy for multi-strategy real estate focused
hedge fund
• Created surveillance model and asset management plan to track the performance of fund’s real estate
fixed income investments
• Analyzed potential investments, including whole loans, mezzanine loans, B-piece CMBS bond tranches
and large-loan floating rate investments

6/01-7/05 Grubb & Ellis Company Dallas, TX
Associate, Institutional Investment Group (9/03-7/05)
• Advised on over 50 commercial real estate transactions totaling approximately 7 million square feet and
$600 million in value
• Increased revenue production by 70% by streamlining the marketing process, establishing a more
efficient due diligence system, and creating a new format for offering memoranda
• Provided advisory and consulting services in addition to asset valuation, financial modeling, and
hold/sell scenarios for institutional investment firms, opportunity funds, PF advisors, REITS and private
investors
• Managed transaction pipeline and operations for the top revenue producing investment advisory team in
the Southwest region and one of the top 5 investment advisory teams nationally at Grubb & Ellis

Analyst, Institutional Investment Group (8/02-9/03)
• Evaluated over $1billion of commercial real estate investments using complex Excel and Argus financial
models
• Increased operating efficiencies through training and development of 3 new team members
• Tracked market activity and wrote investment reports for Grubb & Ellis corporate clients
• Identified potential investors and clients by analyzing and tracking capital markets

Research Analyst, Client Services Department (6/01-7/02)
• Identified, interpreted and analyzed real estate and economic trends in the marketplace in order to write
internal and external publications and research papers. Contributed to and cited in publications: The
Houston Business Journal, the Dallas Business Journal, and GlobeSt.com
• Created and presented proposals to national and international clients of Grubb & Ellis

Additional • McCombs: Graduate Real Estate Society – President; Graduate Finance Society; Private Equity
Group; Texas MBA Hedge Fund Organization
• “Commercial Real Estate Heavy Hitter” - Dallas Business Journal, 2005
• State of Texas Real Estate Broker’s License
• Urban Land Institute Member
• Dallas Museum of Art: Associate Member



Joel Austin Elder
2215 Post Rd Apt 1096
Austin, TX, 78704
(571) 332-8047
Joel.Elder@mba07.mccombs.utexas.edu


Education The University of Texas at Austin, McCombs School of Business Austin, TX
May 2007 Master of Business Administration
Concentration in Real Estate Finance; GMAT 710

The College of William and Mary Williamsburg, VA
May 2001 BBA Marketing, BS, Psychology
Studied abroad in Australia at the University of Adelaide

Experience
Summer 2006 Glimcher Realty Trust Columbus, OH
Summer Internship in Acquisitions, Operations, and Leasing
• Designed actionable planning tool to aid budgeting, forecasting, and achievement of financial goals
and trained senior management in its use
• Performed preliminary due diligence on five potential acquisitions valued at over $480 million
• Constructed new report to allow leasing agents to better target potential tenants
• Researched various options to use capital raised from asset recycling
• Introduced new, more precise financial models to acquisitions personnel

01/06-02/06 National Gerald D. Hines Urban Design Competition Austin, TX
Honorable Mention (top 10 finisher out of 112 teams)
• Created versatile financial models to aid in budgeting, phasing, planning, and financing to ensure
financial viability of plan from year 0 to final sale
• Developed plan with financial discipline for 100 acre brownfield site in downtown St. Louis as
member of multifaceted team that included an architect, urban planner, and landscape architect
• Planned site to best incorporate strengths (universities, hospitals, and biotech labs) of surrounding
neighborhood to generate momentum in project
• Conducted market research on St. Louis to determine the appropriate proportion of market,
workforce, and affordable housing
• Constructed actionable plan to implement strategic design


05/01-07/05 Hecht’s Department Store Arlington, VA
Senior Assistant Buyer (02/05-07/05)
• Mastered financial planning system and used it as a tool to work with senior management to
determine optimal allocation of inventory and markdowns
• Independently managed entire Izod Men’s Sportswear line, a $13M business in 81 stores
achieving a 37% increase in Izod business through aggressively capturing more direct mail
advertising, reconfiguring product lines, and planning in-store product placement and flow
Assistant Area Sales Manager (06/03-09/03)
• Managed department at Hecht’s, working with a staff of 15 employees to maximize sales through
scheduling, inventory management, customer service, and shortage reduction
Assistant Buyer (05/01-05/03, 10/03-01/05)
• Managed turnaround of retail purchasing activity from worst to top ranked sales growth within a
single 6-month buying season
• Maximized revenue and margin potential of several product categories and successfully
negotiated returns of unsold inventory to achieve #1 ranked growth

Activities McCombs School of Business:
• Member: McCombs Admissions Committee, Graduate Real Estate Society
• Teacher’s Assistant for two core undergraduate finance classes
• Vice President; Graduate Adventure Club



Personal Black Belt in Tae Kwon Do



Haia (Hailey) Ghalib
P. O. Box 161025
Austin, Texas 78716
(512) 917-8922
Hailey.Ghalib@mba07.mccombs.utexas.edu


Education The University of Texas at Austin, McCombs School of Business Austin, TX
May 2007 Master of Business Administration
Concentration in Finance and Real Estate; GPA 3.73; GMAT 680


May 1998
University of California at Berkeley, College of Environmental Design
Master of Architecture, Concentration in Advanced Computer Graphics; GPA 3.82

Berkeley, CA

May 1995
University of Houston, Gerald D. Hines College of Architecture
Bachelor of Architecture, magna cum laude

Houston, TX
Experience
05/06-Present USAA Real Estate Company (RealCo) San Antonio, TX
Consultant (08/06 to Present)
• Performed real estate investment analysis


Real Estate Investment and Development Analyst (Summer 2006)
• Performed financial modeling, cash flow forecasting, and valuation analysis for real estate investment
deals including construction budget estimation, draw schedules projection, and Argus modeling
• Conducted pro forma analysis for GSA, hotel, retail, industrial and office developments; resulting in
RealCo moving forward with investments valued collectively at $293MM
• Examined deal structure and underwriting scenarios to achieve target cash on cash returns
• Analyzed financial statements of potential build to suit clients to determine credit risk
• Executed zoning and building code due diligence and architectural feasibility studies on 4 deals which
resulted in a cost saving of approximately $40K to RealCo in consultant fees
• Authored portions of investment briefs for approval by USAA’s executive committee
• Identified and evaluated strategic options for two properties held by USAA, authored brief, and
presented recommendation to the executive committee, resulting in RealCo pursuing these investments


03/03-08/05 HG Design Studio Architecture.Planning.Consulting Austin, TX
Principal, Registered Architect
• Founder and manager of a profitable sole proprietorship with repeat clients as main source of revenue
• Helped clients identify requirements and provided solutions on projects with budgets up to $35MM


03/99-03/03 Page Southerland Page L.L.P. Washington DC; Houston, and Austin, TX
Lead Project Architect
• Participated in business development; Created and delivered project progress presentations to clients
• Designed a mid-rise condominium project and directed team through documentation & entitlement
• Led a multidisciplinary team of 7 members on a series of projects for a children’s hospital with a
collective budget of $61MM; Effectively coordinated with consultants and negotiated with vendors
• Directed a diverse team of 12 members through the design and entitlement process of a high-tech
facility with a budget of $98MM; Collaborated with M+W Zander to successfully manage costs

06/96-03/99 Fentress Bradburn Architects, Ltd. Denver, CO
Associate Architect, Multimedia Department Director
• Launched and directed the firm’s multimedia department and successfully implemented its integration
• Developed feasibility study for Palmetto Point Resort in Honduras; Member on design team

10/95-06/96 OZ Architecture Denver, CO
Associate Architect
• Created construction documents and performed construction administration services on resort project

Additional • McCombs: Member of Graduate Finance Association, Graduate Real Estate Society and Graduate
Women in Business; McCombs Finance Challenge and NAIOP Real Estate Finance Challenge
• University of California at Berkeley: Awarded teaching and research assistantships
• Led a team of 20 in fundraising to benefit the Austin Area Food Bank; Team recognized by Mayor
• Professional: Licensed Architect, Texas; Member: NCARB, ULI and Real Estate Council of Austin



Todd L. Gosselink
1402 Karen Ave.
Austin, TX 78757
(512) 771-5942
Todd.Gosselink@mba07.mccombs.utexas.edu


Education The University of Texas at Austin, McCombs School of Business Spring 2007
Master of Business Administration
Concentration: Real Estate Finance; GMAT: 720; GPA: 3.7

Washington & Lee University; Lexington, Va Spring 2002
Bachelor of Science with special attainments in Commerce; Cum Laude

Experience
Summer 2006 Trammell Crow Company Austin, TX
Analyst Intern
• Constructed multiphase development and acquisition pro formas
using ARGUS and Excel.
• Developed presentation materials used to secure management and
leasing activity of institutional office portfolio.
• Assisted senior management with underwriting and brokerage.


Spring 2005 Endeavor Real Estate Group Austin, TX
Project Intern
• Worked to obtain regulatory entitlements on undeveloped land.
Arranged easement release/relocation agreement, agricultural lease,
and partnership agreements on behalf of principals.


6/02 – 7/05 City of Austin: Office of the City Manager Austin, TX
Senior Research Analyst 6/03 – 7/05
• Improved City of Austin real estate development regulation process, reducing annual budget by
$1.7M while improving system performance and customer satisfaction.
• Shortened site plan and subdivision review cycle time by >20% in the first year of operation.
• Co-led largest City of Austin reorganization in over twenty years, merging 12 city departments
into a single unit.
• Reduced the number of independent real estate development authorizations from 56 into a
cohesive system of 18 interrelated approvals.

City of Austin: Austin Energy
Business Process Consultant 6/02 – 6/03
• Leveraged existing technology to increase revenues by approximately $1.4M annually through
theft prevention.
• Maximized a $30M technological purchase by identifying vendor miscalculations, formulating
tangible estimates, and initiating multi-divisional partnerships, realizing over $800K in cost
savings.

Additional McCombs School of Business
• Graduate Real Estate Society: Regional Recruiting Coordinator (Texas)
• MBA Christian Fellowship: Vice President
• Advanced Microsoft Excel training including statistical analysis and keyboard
shortcuts.
Washington & Lee University
• Varsity Baseball: Three-year starter and letter winner. Three time academic all-conference
selection.
• Omicron Delta Kappa: Inducted into national honorary society recognizing the 25 graduating
seniors that made the most significant contributions to the university during their college
career.



Tom Paterson
1741 Spyglass #128
Austin, Texas 78746
(832) 326-7677
tom.paterson@mba07.mccombs.utexas.edu


Education The University of Texas at Austin, McCombs School of Business Austin, TX
May 2007 Master of Business Administration; GPA: 3.6
Concentration in Finance; Specializations in Real Estate Finance & Private Equity
• Recipient – 2006 Todd A. Williams Real Estate Fellowship
• Vice President/Treasurer – Graduate Real Estate Society

The University of Texas at Austin, McCombs School of Business Austin, TX
December 2001 Bachelor of Business Administration
Major: Finance; Minor: Accounting

Experience
August 2006 Parkway Properties, Inc – Mid-Cap Office REIT
Commercial Real Estate Intern
Jackson, MS
• Conducted study on privatizations & mergers within REIT industry; reported analysis to leadership
• Participated in a concentrated, project-oriented program focusing on the relevant operating,
acquisition, and valuation challenges related to publicly traded real estate in today’s market

Summer 2006 USAA Real Estate Company
Commercial Real Estate Intern – Acquisitions & Portfolio Management
San Antonio, TX
• Performed underwriting for over twenty acquisition opportunities ranging from $50M to $500M
million; Created ARGUS & Excel financial models to evaluate potential investments
• Conducted due diligence on existing portfolio of assets – analyzed & negotiated terms for new and
renewal leases, analyzed credit of potential tenants, and reviewed TI schedules & capital projects
• Worked with leasing agents in several key national markets to acquire rental and purchase comps &
broaden knowledge of market fundamentals for use in property valuations
• Completed research study of the Kansas City industrial market with a focus on national distribution,
supply chain, and logistics patterns. Formulated analysis of trends & presented results to the Real
Estate Investment Committee

Spring 2006 Simmons Vedder & Co. – Real Estate Development Firm
Team Captain, McCombs Plus Project
Austin, TX
• Prepared comparative analysis between Austin’s Mueller Airport redevelopment and other nationally
recognized urban infill projects – Stapleton in Denver & Baldwin Park in Orlando
• Conducted surveys of potential residents; analyzed data to form recommendations on certain
amenities and a potential unit mix for a $50M multifamily development

1/02 – 8/05 PricewaterhouseCoopers, LLP Houston, TX
IAS Senior Associate (8/03 – 8/05)
• Led an 8 person client engagement team with yearly revenues of $3M
• Forecasted tax implications of client policy decisions using tax research and Excel based models
• Participated as a member in client proposal processes; contributed to drafting of written proposals
for new client work
IAS Associate (1/02 – 7/03)
• Selected by firm partnership to serve as technology ‘Champion’ for Houston IAS group
• Served as a direct point of contact on tax issues for several Fortune 500 companies –
including ExxonMobil, ConocoPhillips, Shell, and Baker Hughes

Additional • 2006 Hines/ULI Urban Design Competition – 1
st
Place University of Texas Internal Competition
• 2006 McCombs National Real Estate Challenge Team
• Teaching Assistant – Prof. John Morran (Undergraduate Introduction to Real Estate)
• Member – Private Equity Group & Graduate Finance Association
• Volunteer Work: Junior Achievement, United Way Day of Caring, Elementary School Tutor
• Member: Urban Land Institute, ULI Austin Young Leaders, Texas Exes Business Network
• Licensed Real Estate Salesperson
• 3 time participant of MS 150 cycling tour



J. Ian Swiergol
1505 Karen Avenue
Austin, Texas 78757
(512) 382-6421
Ian.Swiergol@mba07.mccombs.utexas.edu


Education The University of Texas at Austin, McCombs School of Business Austin, TX
May 2007 Master of Business Administration
Concentration in Real Estate Finance and Private Equity; GPA 3.87
ConocoPhillips Scholarship Award, 2006/2007
Vice President of Special Events; Graduate Real Estate Society
December 2001 University of Arizona Tucson, AZ
Bachelor of Science in Business Administration, Magna Cum Laude
Accounting and Finance Majors
Experience
August 2006 Parkway Properties, Inc. Jackson, MS
Summer Intern
• Completed public REIT privatization research and presented findings to executive team
• Used ARGUS to underwrite and value specific market properties

5/06 – Current Bourn Partners, LLC Tucson, AZ




Summer Intern – Investments & Finance
• Developed co-sponsorship fund model used to assess viability of future investment strategies.
Model outputs used in proposed letter of intent and joint venture documents
• Created equity waterfall workbooks for 13 individual properties as part of a $260M+ retail and
office portfolio sale. Analysis included providing recommendations for sale amounts
• Assessed Down REIT disposition strategy and presented specific company recommendations
• Evaluated potential exchange opportunities for reallocated capital

Spring 2006 Simmons Vedder & Co. Austin, TX
MBA Plus Project – Team Member
• Presented findings and recommendations for viable product mixes of proposed multi-family
development scheduled to be part of the Mueller Airport redevelopment

11/03 – 7/05 FTI Consulting, Inc. Phoenix, AZ







Senior Consultant – Forensic and Litigation Consulting Group
• FTI Consulting purchased KPMG’s Forensic Practice in November 2003
• Led a team of 10 consultants engaged to provide a historical accounting of a sample of thousands
of disputed trust transactions. Reviewed historical documentation relating to system outputs
• Enhanced features of a settlement model used to calculate damages based on reconstruction of
$13B in revenues, disbursements, interest accruals and error rates over 100-year time period.
Enhancements included creating error rate scenarios and switches to alternate between sources

1/02 – 11/03 KPMG LLP / Arthur Andersen LLP Phoenix, AZ
Associate – Forensic Practice / Consultant – Value Solutions Practice
• KPMG purchased Andersen’s national Value Solutions Practice in May 2002
• Designed a commercial property database of industrial properties with a portfolio value of $187M
• Analyzed and refuted opposing expert report through historical analysis of telecommunications
industry. Team efforts resulted in a reduced settlement amount of $50M
• Identified more than $9M unsupported construction-related costs by investigating contractor pay
applications and change orders for a multi-million dollar Mexican resort development dispute

Additional

• McCombs Plus Project: American Campus Communities (Winter 2005-06): Performed market
analysis of campus areas for development and acquisition opportunities within 10 identified
states. Devised method to identify investment opportunities and presented findings to executives
• McCombs: ARGUS training; “Training the Street” Valuation & Financial Modeling courses
• McCombs: Graduate RE Society, Graduate Finance Association, MBA Golf, MBA Wine Club
• Sigma Alpha Epsilon Fraternity (8/97 – 12/01), Philanthropy Chair (8/99), Recorder (8/98)
• Volunteer: Make a Difference and Junior Achievement of Arizona (2002 – 2005)
• Enjoy golf, soccer, hiking and reading







UCLA
University of California Los Angeles - Anderson






Clifton Chang Jason Ghassemi Benjamin Hemminger






Adam S. Horowitz Gregory T. Little
CLIFTON CHANG
1757 Kelton Avenue, Los Angeles, CA 90024
(h) 310-694-3602 (c) 512-297-9098
clifton.chang.2007@anderson.ucla.edu

EDUCATION
UCLA ANDERSON SCHOOL OF MANAGEMENT Los Angeles, CA
M.B.A., Real Estate & Finance June 2007
Leadership: Anderson Real Estate Association (AREA) Vice President of Education
Membership: Entrepreneurship Association, Asian Management Student Association

UNIVERSITY OF ILLINOIS: URBANA-CHAMPAIGN Urbana, IL
B.S., Electrical Engineering May 2000
Dual minor in Computer Science and International Studies in China
Leadership: Engineering Council Executive Board Member; Engineering Open House Director
Membership: Xtension Chords Men’s A cappella Group

EXPERIENCE
THE KOR GROUP Los Angeles, CA
Applied Management Research Project October 2006 – March 2007
• [planned] Identify “second tier” municipalities in the greater Los Angeles area for possible large-scale mixed-use
development projects through the analysis of demographic and market data and the built form.
• [planned] Determine development opportunities in the identified municipalities and generate pro forma based upon
expected best use. This includes the calculation of residual land value, potentially for The KOR Group to acquire
the property at the conclusion of the Project.

DUNBAR ECONOMIC DEVELOPMENT CORPORATION Los Angeles, CA
Summer Intern July 2006 – September 2006
• Assisted in the real estate development process for low-income housing with market-rate and non-profit developers,
lenders, and architects.
• Researched the applicability of New Market Tax Credits to the Florence Mills Theater Village mixed-use
redevelopment project.
• Analyzed the financial impact of different building configurations for the Dunbar Hotel rehabilitation project.
• Estimated the cost of tenant relocation under the Uniform Relocation Act and the Primary Renovation Program of
the Los Angeles Housing Department.

DELL, INC. Austin, TX
Product Development Engineer July 2003 – June 2005
• Closely collaborated with the Acoustic, Thermal, Packaging and the general Mechanical teams in the design and
cross-product standardization of electromechanical devices, specifically the internal cabling and cooling fans used in
42% (5 of 12) of Dell’s then shipping PowerEdge products.
• Defined the role of the “Mechanically Focused” Product Development Engineer by providing direct electrical
engineering support the 9 mechanically based teams facilitating their product development efforts, a role that is now
standard operating procedure within the Dell PowerEdge organization.
Regulatory Engineer July 2000 – July 2003
• Negotiated with 3 internal and 7 external teams to develop a standardized Plan of Record to which all OEM
manufacturers must adhere when obtaining global Regulatory approvals for the Dell|EMC
2
and PowerConnect
product lines, with special focus on minimizing time-to-market and liability to Dell.
• Managed the global Regulatory compliance effort of 43 separate products in the Dell|EMC
2
and PowerConnect
product lines through 6 OEM suppliers and 16 regulatory agencies.

ADDITIONAL
• Named a Knight of St Patrick in March 2000 for leadership, excellence in character, and exceptional contribution to
the College of Engineering at the University of Illinois and its students.
• Conversational fluency in Mandarin Chinese.
• Member of the Round Rock Community Choir (baritone/bass) from Spring 2002 to Spring 2005.
Jason
jason.ghassemi.2009@anderson.ucla.edu 310.869.7204
1440 Franklin Street, Santa Monica

- 1031 exchange into three-unit building in attractive Santa Monica location on large lot
- Met with lawyer and top architects in Santa Monica in planning development of the property
- Rental income gives leeway and patience to time the market for development
3032 Exposition Boulevard, Santa Monica

- Property condition and business proposition were initially challenged by Rent Control issues
- Legally removed Rent Control jurisdiction, vacated the property, and renovated
- Exited the property at a 3.5 X return on invested capital in one year
[Triplex/Development Project]
2005 - Present
[Triplex/Renovation Project]
2004 - 2005
Real estate experience
Barrington Associates Investment Bankers,
A Division of Wells Fargo Securities, LLC
(NYSE: WFC)

- Responsible for all public relations, marketing communications, and business development collateral
- Designer, writer, and producer of industry reports, marketing materials, and Firm presentations
- Leverage experience in journalism to write press releases, speeches, and presentations
FactSet Research Systems, Inc.
(NYSE: FDS)

- Sole corporate fnance reporter for weekly M&A Journal FactSet Flashwire Weekly
- Wrote over 200 original articles on middle-market mergers, acquisitions, and fnancings
- Published commentary in The Los Angeles Times, The San Francisco Chronicle, and The Chicago Tribune
[Marketing Communications]
2005 - Present
[Corporate Finance Reporter]
2002 - 2005
Employment
UCLAAndersonSchoolofManagement- Fully Employed MBA Program - Class of 2009
UCLAExtension - Adobe Creative Suite graphic design implementation - Fall/Winter 2005
UCLA - B.A. in Business/Economics with a minor in Italian Language - Class of 2000
Education
Ghassemi
[Creative thought] - fresh ideas and perspectives have driven real estate and professional career
[Finance experience] - experienced in analyzing data and fnancials to asses value propositions
[Graphic design capabilities] - extensive creative software knowledge and design experience
[Effective communicator] - published author, speech writer, and presentation creator
[Presentation skills] - signifcant experience in presentations and public speaking
Intangibles
}
[The Fifth Annual National Real Estate Challenge
McCombs School of Business,
The University of Texas at Austin]

BENJAMIN HEMMINGER
905 Hartford Way, Beverly Hills, CA 90210
Phone: (310) 385-0199
Cell: (925) 297-9710
Benjamin.hemminger.2008@anderson.ucla.edu



EXPERIENCE

THE STAUBACH COMPANY / CHEVRON CORPORATION
Development Specialist March 03 – May ’06 San Ramon, CA
The Staubach Co. is the in-house real estate service provider for Chevron
• 2005 – 2006: Oversee all phases of development process for new Chevron service stations in
the Northwest region. Responsible for site selection, contract negotiation, land purchase,
construction process, permitting and entitlement process
• 2004: sold over $20 Million dollars of Chevron’s surplus retail property
• 2003: located sites for new locations for various “big box” retail clients such as Barnes &
Noble, Circuit City, and several auto dealerships
• Advised the City of Redding, CA in their effort to relocate the city’s auto dealerships into an
auto-mall and to concentrate the retail growth in certain areas of the city.

PACIFIC MARKET
Founder July 01 – February 03 Laie, HI
• Founded and operate online retail auction business specializing in Hawaiian apparel
• Created and operated all aspects of a small business that produced over $50,000/year

TENANTMIX.COM, INC
Manager, Profile Development August 99 – April 01 Bethesda, MD
• Helped establish and manage TenantMix.com, an Internet company that enabled real estate
developers to find suitable retail tenants
• Created and maintained database system which increased productivity company-wide
• Managed a 13-person research team that assembled a database of real estate criteria of over
6,500 U.S. retail companies
• Conducted telephone interviews with commercial real estate professionals to determine retail
companies’ expansion plans and site preferences

U.S. SENATOR SLADE GORTON
Staff Assistant February 99 – August 99 Washington, DC
• Acted as first point of contact for guests at U.S. Senator’s office
• Responded to Washington State constituents’ phone calls and letters

ACCOMPLISH
MENTS
• Designed, marketed, and managed Lawswap.com, an online book exchange currently used by
thousands of law school students nationwide.
• Published historical research paper, Fall 1998 in Insight, BYU’s honor student publication,

VOLUNTEER Missionary Representative 1993 – 1995 Paris, France
• Completed 2-year religious service mission to Paris, France.

EDUCATION BRIGHAM YOUNG UNIVERSITY Provo, UT
• Bachelor of Arts- History, December 1998
• Overall college GPA: 3.5 / 4.0
• Real Estate Sales License – State of California, 2003


References Upon Request

Mailing Address:
1260 N Hayworth Avenue #6
West Hollywood, CA 90046
Adam Shane Horowitz
adam.horowitz.2008@anderson.ucla.edu
949.466.5480

Permanent Address:
1370 Circle Way
Laguna Beach, CA 92651
EXPERIENCE
March 2005 - Cushman & Wakefield of California, Inc. Los Angeles, CA
December 2005 Commercial Real Estate Services – Associate
ƒ Sale-Leaseback Transaction: Represented DMJM H&N in sale of 6-acre corporate headquarters with 15-year
leaseback. Researched development potential, modeled leaseback scenarios, produced marketing materials.
ƒ Highest and Best Use Analysis: Advised Strategic Hotel Capital on land use alternatives for excess surface
parking near Burbank Hilton. Consulted city officials, researched relevant FAA restrictions.
ƒ Acquisition Consulting: Advised an Australian REIT, Macquarie Capital, on cash flow assumptions
associated with $900 million joint venture with Maguire Properties.
ƒ Investment Sale Disposition: Represented Archon Group, in the sale of 117,000 sf office building in
Hollywood to CBRE Investors. Produced discounted cash flows and Offering Memorandum.
June 2003 - Cube Concepts LLC d.b.a. Snaps™ Long Beach, CA
March 2005 Overseas Manufacturing Startup – General Manager
ƒ Launched patented home and office modular storage system for distribution through various retail channels.
ƒ Worked closely with designers and attorneys to secure intellectual property before managing transition to
full-scale production in China, involving five factories in several provinces.
ƒ Drafted and delivered sales presentations to domestic and international retailers, securing an order from
Office Depot for over 1,000 stores in North America.
Summer 2002 Deutsche Bank AG New York, NY
Summer Seminar – Participant
Summer 2002 Common Cause Washington, D.C.
Political Lobby (Campaign Finance Reform) – Intern
Summer 2000 JP Morgan Chase & Co. Los Angeles, CA
Private Wealth Management – Intern

EDUCATION
2006 - Present UCLA Anderson School of Management – MBA Class of 2008 Los Angeles, CA
1999 - 2003 Stanford University – Class of 2003 Palo Alto, CA
Graduated with Bachelor of Arts degree in Political Science with concentration in American Politics. Additional
coursework included economics, management science, computer science, psychology, and Chinese.
GMAT: Total - 700, Verbal - 41, Quantitative - 44, AWA - 6.0.
1995 - 1999 Cate School – Class of 1999 Carpinteria, CA
Inducted into National Cum Laude Society. Named 1999 Santa Barbara Scholar-Athlete of the Year. Awarded
Silver Medal for outstanding graduating senior. SAT: Total - 1490, Verbal - 690, Math - 800.

PERSONAL
Stella Middle Charter Academy: Member of the real estate committee for top-performing charter middle school in Downtown
Los Angeles, charged with securing high school site for the 2006-2007 school year.
Urban Land Institute & International Council for Shopping Centers: Member and regular participant in community forums,
panel discussions, and regional conferences.
Real Estate Salesperson: Licensed by California Department of Real Estate, 7/2005.
Mattel Children’s Hospital at UCLA: Member of the Young Friends group, composed of young professionals, driven to
generate funding and increase exposure through activities such as mixers, silent auctions, fashion shows, and golf tournaments.
Cate School Alumni Council: Member of Los Angeles area council to engage local alumni in social and charitable events.
Birthright Israel (Hillel): Summer 2001participant in student discovery program to the Middle East.
Stanford University Men’s Lacrosse Team: 3-year starting attackman, assists leader, and team financial officer for the 2001
National Championship Runners-Up.
Sigma Chi Fraternity: Chapter representative to Inter-Fraternity Council, Rush Chairman, and Social Chairman of Stanford’s
oldest housed fraternity, winner of eleven Peterson Significant Chapter Awards.
Computer Skills: Word, Excel, PowerPoint, Outlook, Great Plains, Parts & Vendors, ARGUS.
Foreign Language: 5 years of Chinese language instruction in high school and college. Proficient in conversational Spanish.
GREG T. LI TTLE
1826 Overland Ave. #5, Los Angeles, CA 90025
T. (310) 633-4899
gregory.little.2008@anderson.ucla.edu
EXPERIENCE
MACQUARIE BANK LTD SYDNEY, AUSTRALIA
Manager September 2004 – Present
ƒ Third investment professional of a highly entrepreneurial private equity fund-of-funds business.
ƒ Contributed to the development and marketing of new fund products resulting in growth of funds under management
from $600 million to $1.8 billion.
ƒ Conceptualized and recruited three-person US-based team to build Macquarie’s international investment capabilities.
ƒ Executed all aspects of review for Australian and Asian private equity investments, including screening, manager
interviews, track record analysis, negotiation of terms, and investment committee presentation.
ƒ Closely involved in 24 total approved investments exceeding $500 million.
ƒ Led co-investment opportunities resulting in more than $10 million invested in deals with combined transaction value in
excess of $1 billion.
ƒ Researched and priced bids to buyout of mature private equity portfolios exceeding A$50 million

PACIFIC CORPORATE GROUP LLC LA JOLLA, CA
Senior Analyst January 2003 – June 2004
ƒ Executed due diligence efforts for U.S. private equity investments, including screening, manager interviews, track record
analysis, and analysis and negotiation of partnership terms.
ƒ Extensive financial analysis for co-investment opportunities including financial modeling, valuation, comparable
company analysis, discounted cash flow analysis and industry research.
ƒ Development and execution of a major client’s $100 million per annum secondary market partnership purchasing
strategy.
ƒ Completed 11 private market investments resulting in $2.1 billion in client investments.
ƒ Developed and presented marketing and educational presentations to prospective and current clients.
ƒ Managed recruiting, training and mentoring of junior professionals.
Analyst September 2000 – December 2002
ƒ Instrumental in reviewing and developing investment strategy for the Washington State Investment Board’s $12 billion
private equity portfolio.
ƒ Lead analyst assisting with portfolio review and reporting for the World Bank’s $2 billion private equity portfolio.
ƒ Promoted ahead of schedule; consistently ranked in top of peer group.

HEWITT ASSOCIATES LLC NEWPORT BEACH, CA
Business Analyst Summer 1999
ƒ Developed and tested proprietary software programs automating time-consuming manual tasks. Resulted in savings of
an estimated four hours per month.
ƒ Managed payroll processing procedure, ensuring the accuracy of deductions and benefits to plan participants.
ƒ Received offer for full-time employment.

PARVALU SAN DIEGO, CA
Research Analyst Summer 1998
ƒ Researched and created summary profiles of publicly traded golf companies for ParValu’s financial newsletter.

EDUCATION
UNIVERSITY OF CALIFORNIA, SAN DIEGO
ƒ Bachelor of Science Degree, Management Science, 2000
ƒ Minor in European History; Focus in Computer Science
ƒ Provost Honor List
UNIVERSITY OF LUND, SWEDEN
ƒ Study Abroad Program, Fall 1998

ADDITIONAL INFORMATION
ƒ Traveled throughout Europe, Scandinavia, Australia, New Zealand, Hong Kong, Japan and Costa Rica.
ƒ Led a charity fundraiser for the San Diego Coalition for the Homeless.
ƒ Enjoy tennis, soccer, golf, surfing, reading and travel.
GREG T. LI TTLE
1826 Overland Ave. #5, Los Angeles, CA 90025
T. (310) 633-4899
gregory.little.2008@anderson.ucla.edu
Selected Experience:
ƒ Co-investment in the $230 million buyout of a New Zealand glass company.
ƒ Co-investment in the pending $400 million buyout of a Chinese construction equipment company.
ƒ Co-investment in a $900 million public-to-private buyout of an international real estate services firm.
ƒ $6.2 million investment in the secondary purchase of a portfolio of funds from an Asian institutional investor.
ƒ $4 million equity investment in a $70 million financing round for an expansion-stage data storage company.







UNC

University of North Carolina - (Kenan-Flagler)






Marc Debree Brannen Edge Mathew Holladay
(Matt)






Richard Kimble Preston Meyer Kyle Woodley
(Rich)



MARC C. DEBREE
5809 Henner Place, Durham, NC 27713
919-824-0192 ♦ marc_debree@uncbusiness.net

EDUCATION THE UNIVERSITY OF NORTH CAROLINA Chapel Hill, NC
KENAN-FLAGLER BUSINESS SCHOOL
Master of Business Administration, expected May 2007
Real Estate Club; Leadership Development Club

THE UNIVERSITY OF NORTH CAROLINA Chapel Hill, NC
DEPARTMENT OF CITY AND REGIONAL PLANNING
Master of Regional Planning, May 2000
UNC Outstanding Planning Student – NC Chapter, American Planning Association

THE COLLEGE OF WOOSTER Wooster, OH
Bachelor of Arts in Urban Studies, May 1993
Rugby Club, President; Student Government, Executive Panel; Varsity Track and Field


EXPERIENCE HIGHWOODS PROPERTIES Raleigh, NC
Summer 2006 - Student Associate. Completed asset valuations and performed market research in
Present preparation for senior management discussions on acquisition and disposition strategies
• Evaluated occupancy, rent, and absorption trends for various SE office markets
• Created risk indices based on employment volatility within specific industries
• Delivered disposition and acquisition recommendations to senior management
• Developed process for analyzing tenant diversity across eight regional divisions
• Modified leasing and market assumptions in company’s valuation models

2003-2005 GREENWAYS INCORPORATED Durham, NC
Planning Consultant. Managed projects and advised clients regarding design, funding,
implementation, and marketing of pedestrian planning and resource conservation projects
• Oversaw work of in-house and external consultant teams of three to eight people
• Marketed firm’s services at conventions and through individual consultations,
resulting in $500,000 in new contracts
• Created cost projections and identified resources for 10 proposed projects
• Proposed changes to local zoning ordinances and subdivision regulations
• Presented planning documents to elected officials and client committees for approval
• Appointed by County Commissioner as advisor to county-wide environmental panel

2000-2002 NC DEPT OF ENVIRONMENT & NATURAL RESOURCES Raleigh, NC
Program Coordinator. Managed Governor’s new initiative to increase land
conservation across the state and served as spokesperson for program
• Facilitated partnerships between land development and land protection interests
• Partnered with 15 other professionals from multiple agencies to create statewide
GIS database of protected lands
• Created new Office of Conservation as part of four-person team
• Established multi-divisional work groups across several state government agencies
• Served as advisor to North Carolina Legislature’s Panel on Smart Growth


ADDITIONAL Five years residential and commercial construction experience; One year consumer credit
DATA experience; Certified Planner (AICP); Urban Land Institute, member; PADI Certified
SCUBA diver; Peace Corps Volunteer in Kenya (’95-’97)
J. BRANNEN EDGE III
928 Edgewater Circle
Chapel Hill, NC 27516
(919) 929-8220
brannen_edge@uncbusiness.net
EDUCATION THE UNIVERSITY OF NORTH CAROLINA Chapel Hill, NC
KENAN-FLAGLER BUSINESS SCHOOL
Master of Business Administration, expected May 2007.
Dual Concentration in Finance and Real Estate. Elected as Section Representative.
Member of Finance, Real Estate and General Management Clubs.
Volunteer for Admissions Visitation Program. Selected as Peer Career Counselor.
JAMES MADISON UNIVERSITY Harrisonburg, VA
Bachelor of Science, May 1999, magna cum laude.
Board of Visitors. Judicial Council. President, Student Ambassadors.
EXPERIENCE FIRST COLONY CAPITAL, LLC Charlotte, NC
2006 Summer Associate
Analyzed and structured commercial real estate investment opportunities for real estate
private equity firm.
• Assisted President and Chief Operating Officer in day-to-day operational and
strategic decisions of $27 million residential development.
• Created proformas to evaluate IRR and profit scenarios for multiple transactions.
• Quantified and communicated ongoing investment results to current investors and
discussed upcoming projects with potential investors.

BB&T CORPORATION
2001-2005 Vice President, Commercial Banking Group Charlotte, NC
Developed and serviced $44 million loan portfolio consisting of 60 middle-market
companies across multiple industries.
• Delivered 700% portfolio growth through identifying and qualifying prospects,
underwriting loans and selling services.
• Chosen as Charlotte Metro Region’s Sterling Performer in two separate quarters
by exceeding profitability, production and quality goals.
• Selected by Regional President to deliver presentation on fundamentals of
consultative selling to regional sales force.
• Managed successful regional implementation of new sales management
software system to 250 sales personnel.
• Generated $1.44 million in loans and $7,973 in fees on average each month in 2005.

2000-2001 Credit Analyst, Business Loan Administration Winston-Salem, NC
Analyzed and evaluated financial statements for clients and prospects with at least $4
million in total credit exposure. Monitored loan covenants and financial performance
of companies and provided analytical support for Regional Loan Administration.

1999-2000 Management Associate, Management Development Program Winston-Salem, NC
Completed highly structured and intensive commercial banking training program
focusing on fundamentals of commercial credit, loan structuring, financial statement
analysis, business banking, business ethics and sales training.

ADDITIONAL Selected as youngest member of Leadership Charlotte Class XXIV. Homeowners
DATA Association President/Treasurer (2002-2005). Arts and Sciences Council Basic Operating
Grants Committee (2003-2005). Habitat for Humanity volunteer. Selected as James Madison
University student graduation speaker. Ran with the bulls in Pamplona. Eagle Scout. Traveled
to sixteen different countries. Interests include sports, exercise, reading, stock market and golf.
MATHEW N. HOLLADAY
112 Channing Lane ♦ Chapel Hill, NC 27516
919-357-6919 ♦ mathew_holladay@unc.edu

EDUCATION THE UNIVERSITY OF NORTH CAROLINA Chapel Hill, NC
KENAN-FLAGLER BUSINESS SCHOOL
Master of Business Administration, expected May 2007
Member of Real Estate, Finance, and Military Veterans Clubs
THE UNITED STATES MILITARY ACADEMY West Point, NY
Bachelor of Science Systems/Industrial Engineering 1999
Played NCAA Division I Men’s Basketball, Dean’s List, Superintendent’s Award
EXPERIENCE MORGAN STANLEY INVESTMENT BANK: REAL ESTATE GROUP New York, NY
Summer 2006 Summer Associate Prepared valuations, pro-forma models, commitment committee approval
documents, and presentation materials for both banking and investing projects.
• Served as lead associate for $170M follow-on equity offering for Ashford Hospitality Trust.
• Managed financial model for new $570M fund currently being developed by
Morgan Stanley’s real estate investing group.
• Initiated new program to improve performance of the MS Special Situations fund by
enhancing the capabilities of operating companies within the fund.

MORRELL INTERNATIONAL Europe, Middle East
2004-2005 Business Development Consultant Responsible for finding and developing new business
opportunities for government contracts in Europe and the Middle East.
• Evaluated and consulted management on numerous international projects in locations
including Italy, Germany, Romania, Turkey, and Iraq.
• Identified, developed, and signed $1.6M of contracts during only 7 months with company.
UNITED STATES ARMY Kirkuk, Iraq
2003-2004 Engineer Officer (Captain), Iraqi Property Claims Office Manager
Created and led task force of local Iraqi leaders and crafted a proposal for dealing with
disputed property in post-war Iraq. Received Meritorious Service Medal for efforts in this role.
• Managed office consisting of 23 Iraqi nationals with no direction or assistance
from other American or international agencies.
• Flew to Baghdad to brief my proposal to U.S. Ambassador Paul Bremer’s staff; proposal
was

later accepted as base model for settling all disputed land cases throughout Iraq.
2003-2004 Engineer Officer (Captain), Company Commander and Town Mayor Daquq, Iraq
Town mayor of Daquq, a town of 68,000 inhabitants in northern Iraq.
• Led and managed 58-man multinational military coalition and 200-man police force;
acted as chairman of local 16-member City Council.
• Served as certifying engineer for $1.3M airfield reconstruction project.
• Evaluated in top 5% of 51 Captains in Brigade; recommended for early promotion.

2001-2003 Engineer Officer (Captain), Company Executive Officer Vicenza, Italy
Managed engineer company composed of 112 soldiers and 48 pieces of heavy construction
equipment. Responsible for daily operations and all administrative and logistical functions.
• Spearheaded and planned seven international deployments spanning four continents.
• Effectively managed annual budget of $1.1M with little supervision or guidance.

ADDITIONAL -Completed most demanding military training offered: Ranger, Jumpmaster, Sapper, Airborne.
DATA -Received Bronze Star for actions in combat; deployed to nine countries; secret clearance.
-Lived in Europe for five years; conversant in Italian; traveled to 26 countries.
-Golfer, skier, basketball player, cyclist (rode three stages of Tour de France), Habitat for
Humanity volunteer, wine enthusiast.
RICHARD M. KIMBLE
129 Mallard Court, Chapel Hill, NC 27517
703.965.8048 ♦ richard_kimble@uncbusiness.net
PROFILE Six plus years of experience in analyzing and structuring debt and equity components of
commercial real estate. Background includes performing due diligence and investment analysis on
all major types of commercial real estate. Consistently outperformed peers in terms of generating
and earning contract based incentive fees. Continual recognition for excellence in teamwork,
leadership, and analytical reasoning.

EXPERIENCE YORK PORPERTIES, INC. Raleigh, NC
Summer 2006 Summer Associate
• Drafted a five-year strategic business plan by analyzing historical operating statements,
performing market & industry research, and interviewing key personnel.
• Performed due diligence analysis for the acquisition three retail centers totaling 185,000 square
feet. Determined the feasibility of redeveloping a $4.5 million, 2.39 acre site.

2004 – 2005 RER FINANCIAL GROUP, LLC Herndon, VA
Team Leader / Lead Underwriter - Managed due diligence consulting assignments for
institutional investors purchasing Commercial Mortgage Backed Securities and formally presented
findings to clients during loan committee meetings.
• Led teams to complete 12 CMBS consulting assignments that included over 245 properties
throughout the United States with a total value over $1.3 billion.
• Developed cost benefit analyses, pro-formas, and cash flow projections for the potential
acquisition and development of over 1,100 acres and 3,400 residential and commercial units.

2000 – 2004 Underwriter – Performed due diligence analysis for CMBS purchasers and served as a consultant
to the US Department of Housing and Urban Development (HUD) for its Mark-to-Market Program
as a Participating Administrative Entity (PAE).
• Successfully restructured FHA insured debt on 24 properties totaling 2,571 units that achieved
a projected $27.5 million savings to HUD. Managed multiple stakeholders including equity
owners, tenants, lenders and contract oversight and audit administrators.
• Performed underwriting, site evaluation, and quality control on all major property types during
43 consulting assignments that included over 1,250 commercial properties throughout the U.S.
• Developed a disposition and value add analysis for a 1534-unit multifamily portfolio.
Performed acquisition analyses and broker valuations for hotels, bank branches, and raw land.
• Generated and earned the most contract-based incentive fees for all RER underwriters and
analysts in 2002, 2003, & 2004.

1999 - 2000 Junior Real Estate Analyst – Assisted senior analysts and underwriters with market research on
real estate properties through broker calls, site inspections, and appraisal reviews.

EDUCATION THE UNIVERSITY OF NORTH CAROLINA Chapel Hill, NC
KENAN-FLAGLER BUSINESS SCHOOL
Master of Business Administration, expected May 2007.
Member of Real Estate, Leadership Development, Soccer & Golf Clubs. Habitat for Humanity
Volunteer. Traveled to China & Thailand to study real estate investment in Southeast Asia.
MARY WASHINGTON COLLEGE Fredericksburg, VA
Bachelor of Science, Business Administration & Economics, 1999.
Graduated Cum Laude, Vice President of Alpha Phi Sigma National Honor Society, Club Service
Chair of Rotaract Club, and President of Psi Upsilon Fraternity.
ADDITIONAL Currently assisting family with the development of raw land for a residential subdivision in
DATA Loudoun County, Virginia. Active team sport participant, golfer, and former triathlon competitor.
Proficient in Argus. Urban Land Institute YLG member.
PRESTON MEYER
218 Towne Ridge Lane
Chapel Hill, NC 27516
919.280.9590 ♦ pmeyer@uncbusiness.net
EDUCATION THE UNIVERSITY OF NORTH CAROLINA Chapel Hill, NC
KENAN-FLAGLER BUSINESS SCHOOL
Master of Business Administration, expected May 2007.
Member of Real Estate and Finance Clubs, Peer Counselor, GMAT: 710.
First Place Team, 2006 Kenan-Flagler Core Curriculum Integrative Challenge.
First Place Team, 2006 KFBS National Real Estate Development Case Competition.
VANDERBILT UNIVERSITY Nashville, TN
Bachelor of Engineering, Mechanical Engineering and Mathematics, May 2000.
EXPERIENCE J.P. MORGAN SECURITIES, INC. New York, NY
Summer 2006 Corporate Finance Summer Associate. Split internship between Real Estate
Investment Banking and Commercial Mortgage Backed Securities groups.
• Performed detailed buy-side financial analysis to optimize capital structure for
Centro Watt’s $3.2BN acquisition of Heritage Property Investment Trust.
• Created sell-side offering memorandum to communicate investment potential for
private auction of $800MM public REIT with over 1,000 properties.
• Analyzed and projected rent growth of 100 property office portfolio to determine
optimal leverage capacity for potential acquirer.
• Underwrote property level cash flows and prepared internal credit memoranda
for CMBS debt issuances for all major real estate asset types.
REYNOLDS MOUNTAIN DEVELOPMENT, LLC Asheville, NC
2003-2005 Project Manager, Land Development. Managed implementation of $25MM, 200-
acre mountain peak land development into high-end residential subdivision.
• Led consultants and contractors in on-site execution of architectural design,
engineering, permitting, entitlements, construction, and sales.
• Established sales and marketing team which valued and sold all 125 lots within
time goals and exceeded pro-forma price targets by 50%.
KCB CONSTRUCTION COMPANY, INC.
Project Manager, Commercial Construction. Responsible for project profitability,
quality, and schedule. Led teams of superintendents, subcontractors, and laborers.
• Achieved 5% savings from initial estimate for mixed-use urban redevelopment
including 19 luxury condos, retail space and parking garage.
• Executed on-time and on-budget construction of high profile public library.
SIEMENS AG Chicago, IL
2000-2003 Sales Engineer, Power Generation. Managed customer interfaces and negotiation
of commercial offers for Chicago-based energy producers.
• Generated $11MM revenues and earned “Top Gun Award” for outstanding sales.
• Developed relationship with an independent power producer that culminated in a
$26MM long-term service contract.
• Negotiated master purchase agreement with Midwest Generation, LLC which led
to $2MM annual sales.
Sales and Marketing Leadership Training Program. One-year rotational training
program to enhance sales, marketing, negotiation, and account management skills.
ADDITIONAL Visited China and Thailand to study real estate investment in emerging markets.
DATA Licensed general contractor, Urban Land Institute member, tennis club champion,11-
handicap golfer. Enjoy home remodeling.
KYLE J. WOODLEY
620 Park Place ♦ Chapel Hill, NC 27514
(206) 251-4709 ♦ Kyle_Woodley@uncbusiness.net

EDUCATION UNIVERSITY OF NORTH CAROLINA Chapel Hill, NC
KENAN-FLAGLER BUSINESS SCHOOL
Master of Business Administration, expected May 2007
Concentration in Real Estate
Active Member of the Real Estate and Finance Clubs

UNIVERSITY OF WASHINGTON Seattle, WA
Bachelor of Science, Mechanical Engineering, June 2002
Concentration in Thermodynamics and Energy Systems
Member of Varsity Track Team 1998-1999, Sigma Phi Epsilon Fraternity

EXPERIENCE CENTEX HOMES Charlotte, NC
Summer 2006 Land Development/Entitlement Intern. Acted as project manager for multiple
residential subdivision projects during initial feasibility periods.
• Coordinated and managed multiple teams of consultants and engineers for
feasibility analysis on land deals.
• Worked with Strategic Marketing group to target key geographic areas to pursue
land acquisitions.
• Managed budgets during feasibility periods on multiple land deals.
• Developed “process maps” for the subdivision plat submittal and approval process
for targeted municipalities in the greater Charlotte area.
• Worked with City/County planning departments to get subdivision plans approved.

PUGET SOUND NAVAL SHIPYARD Bremerton, WA
2002-2005 Mechanical Engineer. Responsible for ventilation, piping, and valve overhaul work for
Trident-class nuclear submarines and Nimitz-class aircraft carriers.
• Acted as departmental Project Engineer for six-month overhaul of USS Nimitz
aircraft carrier in San Diego, California.
• Authored and edited technical instruction documents for task groups responsible
for mechanical repair of propulsion plant equipment.
• Analyzed performance standards and life expectancy of propulsion equipment for
purposes of forecasting future repairs and operating costs.
• Designed engineering solutions to convert the SSBN Ohio from ballistic to guided
(SSGN) missile submarine over a three-year overhaul period.
• Spearheaded departmental tests on week-long “at-sea” trials on the SSBN
Michigan submarine in preparation for a three-year SSGN conversion at Puget
Sound Shipyard.
• Negotiated material acquisitions and built vendor relationships to accommodate
future production needs.


ADDITIONAL Interests include: Skiing, golfing, running, mountain biking, and travel. Spent summer
DATA of 2002 and 2006 traveling in Southeast Asia.
Ronald McDonald House and Habitat for Humanity volunteer.
Worked on almost a dozen residential remodels in Portland, Oregon in the past 10
years.






USC
University of Southern California
LUSK CENTER FOR REAL ESTATE
Marshall School of Business
School of Policy, Planning, and Development



















Taleene Bassenian, MBA/MRED 2007 Matt Brookshier, MRED 2007


















William Ryan Dunlap, MBA/MRED 2007 M. Ryan Komppa, MRED 2007


















J. Scott McKeon, MBA/MRED 2007 Spencer Rose, MBA/MRED 2007
Taleene K. Bassenian
11949 Goshen Ave. #109, Los Angeles, CA 90049 • (949) 633-8840 • taleene.bassenian.2007@marshall.usc.edu
EDUCATION

University of Southern California Los Angeles, CA
Master of Business Administration and Master of Real Estate Development May 2007
• Vice President of New Initiatives: Graduate Real Estate Association

University of California at Berkeley Berkeley, CA
Bachelor of Science in Business Administration May 2002
• Vice President of Scholarship for the Pi Beta Phi Sorority (4 year member)
• Vice President of the Armenian Student Association (2 year member)

ADDITIONAL EDUCATION

University of California at Irvine Irvine, CA
Residential Development Extension Program—4 Classes over 1.5 years 2003- 2004

EXPERIENCE

K. Hovnanian Companies of California, Inc. Irvine, CA
Assistant Land Acquisition Analyst 2004-2005

Researched and analyzed deal feasibility with regards to both market conditions and financial performance for
residential development projects within Orange and Los Angeles Counties. Team successfully acquired over $250M
of property.
• Surveyed and analyzed sales and market data for over 100 new home communities in the Southern California
region.
• Produced an all encompassing “Land Acquisition Due Diligence Report” in coordination with team for each of the
7 approved communities.
• Presented marketing and financial conclusions in both formal and informal meetings on a regular basis to all
levels of executive management, including Area President, Regional President, and CEO.
• Submitted Letters of Intent on over $200M of property while managing broker relationships.
• Built a revenue model specific to urban development analysis that became the standard template used throughout
K. Hovnanian’s Southern California Region.
• Created extensive presentation materials illustrating the company’s successful acquisitions record in an effort to
attract powerful investors.


Marketing Assistant 2003-2004

Coordinated marketing activities directly related to the opening of new home communities throughout the Southern
California Area, successfully launching 8 communities and over 1,700 new homes to the market place in only 1
year.
• Coordinated and critiqued community brochures, verifying the accuracy of floor plans and marketing information.
• Initiated and completed all sales office displays, including topographical tables, site maps, community
information, additional photography, and more.
• Opened 5 temporary sales offices in Southern California through close communication with community managers.
• Produced a 15 minute marketing documentary currently used nation-wide highlighting company involvement in
HomeAid Orange County’s Project Playhouse.

ADDITIONAL INFORMATION

• Computer: Proficient in Microsoft Office
• Interests: Skiing and International Travel
MATTHEW K. BROOKSHIER
9000 Vanalden Ave. #149 • Northridge, CA 91324 • 818-357-9444 • brookshi@usc.edu

EDUCATION

University of Southern California Los Angeles, CA
Master of Real Estate Development May 2007
• National Real Estate Challenge Finance Case Competition (one of six students to represent USC)

University of Michigan Business School Ann Arbor, MI
Master of Business Administration – Cum Laude (top 10% of class) May 1997

Baylor University Waco, TX
Bachelor of Business Administration (Dual Major: Finance and Economics) May 1991

EXPERIENCE

Athena Tile & Imports, Inc. Northridge, CA
Owner 2003 – 2006
Raised funds and acquired a downtrodden flooring company. Successfully built it into one of the most profitable and highly-
regarded tile stores in the San Fernando Valley.
• Built and executed a business plan for turning around an underperforming business resulting in a doubling of revenues
and a three times increase in profitability.
• Won a contract for nearly $1 million to sell ceramic tile to the City of Los Angeles and Los Angeles World Airports.
• Successfully put together a debt and equity deal to purchase a multi-million dollar business.

Fairfield Residential San Diego, CA
Investment / Market Analyst 2002 – 2003
Developed financial and market analysis packages for national multi-family developer.
• Exposed to the entire life cycle of development from acquisition to development to disposition.
• Developed investment analysis packages used for signing equity partners in multi-family projects nationwide.
• Spearheaded effort to identify new, emerging markets. Report identified Las Vegas, NV as a market to target in 2002.
• Led effort to develop reliable and consistent method for tracking key market factors impacting real estate development.
This methodology was adopted companywide for selecting target markets.

PacketAir Networks San Diego, CA
Vice President of Marketing 2000 – 2002
Created the detailed business plan and model for this start-up wireless data company, raising over $3 million in equity
investment after the technology “bust”.
• Forged strategic alliances with key public and private companies, founding a consortium to deploy wireless technology
in downtown San Diego properties.
• Primary spokesperson, presenting at conferences as well as taking interviews with both media and industry analysts.

Qualcomm, Inc. San Diego, CA / Moscow, Russia
Senior Business Manager 1997 – 2000
Responsible for putting together complex business deals in Russia and the former Soviet Union. Personally responsible for
75% of deals signed in this market.
• Responsible for underwriting over $50 million in deals. Lead negotiator on entire deal from start to finish.
• Responsible for ensuring each project’s success despite issues associated with operating in a foreign country.
• Developed financial analyses for wireless development equity and debt investments by Qualcomm. Successfully
presented three multi-million dollar deals to investment committee.
• Managed multi-year, multi-million dollar construction projects for the rollout of wireless networks. Responsible for
overall project coordination, direct customer support and ultimate responsibility for the project’s financial performance.

Anderson Consulting (Accenture) Dallas, TX
Senior Consultant 1991 – 1995
Senior-level consultant for management and technology consulting engagements for this worldwide consulting firm.
• Responsible for managing portions of multi-year, multi-million dollar development projects for Fortune 500 companies.

ADDITIONAL INFORMATION
Computer Skills: Modeling in Excel and Argus • Languages: Basic Russian language skills
International Experience: Europe, Russia, Africa, Asia, Australia and Middle East
William Ryan Dunlap
2328 Beachwood Drive #3, Los Angeles, CA 90068 • (415) 948-1076 • william.dunlap.2007@marshall.usc.edu

EDUCATION

University of Southern California, Los Angeles, CA
Marshall School of Business / School of Policy, Planning and Development May 2007
Master of Business Administration / Master of Real Estate Development
• NAIOP Real Estate Challenge member, 2006
• USC National Real Estate Challenge member, 2006 – University of Texas at Austin
• Graduate Real Estate Association – Vice President of Finance
• Awarded MRED Graduate Assistantship for 2007 academic year.

University of Virginia Charlottesville, VA
Bachelor of Arts in History with a concentration in Modern European History May 1999
• Phi Alpha Theta International History Honor Society member

EXPERIENCE

Barker Pacific Group Los Angeles, CA
Intern - Acquisitions and Dispositions August 2006 – Present
Provide support to the Acquisitions and Dispositions team during the due diligence and financial structuring stages
of asset and portfolio transactions.
• Assist with pro forma analysis of industrial, office and self storage assets in order to evaluate financial structure and
acquisition feasibility.
• Assist asset managers with updates of leasing and budget models during quarterly review of portfolio performance.

Jones Lang LaSalle, Americas Los Angeles, CA – Orange County, CA
Research and Transaction Analyst, Leasing and Management 2004 – 2005
Analyzed Southern California real estate markets and office assets and executed office building lease transactions for a top five
international real estate brokerage firm.
• Completed quarterly economic and real estate market research in order to forecast real estate market fundamentals and author
an in depth office report for the Orange County and Los Angeles regions.
• Coordinated with LaSalle Investment Management in the analysis of Class A office property acquisition targets and real estate
market characteristics in the Southern California region.
• Created detailed lease transaction cash flow models for various tenant representation clients.
• Assisted in the property management of a 600,000 square-foot Class A office development in Orange County’s Airport office
submarket (central business district).

Rosen Consulting Group Berkeley, CA
Real Estate and Economics Associate 2002 – 2004
Analyzed, researched and forecasted ten major U.S. metropolitan statistical areas and associate demographic profiles in order to
author a quarterly economic and real estate report focused on the residential, retail, office and industrial property sectors.
Managed and completed client-oriented special project requests for a spectrum of real estate focused entities.
• Completed portfolio optimization models, comparative cross correlation analyses and asset acquisition analyses for public and
private real estate investment entities.
• Inspected 60 U.S. single family markets in order to analyze appreciation trends and supply and demand imbalances.
• Compiled and analyzed various economic, financial and real estate presentations for public and private real estate investors and
developers throughout the United States.

Banc of America Securities LLC, Montgomery Division San Francisco, CA
Equity Capital Markets Real Estate and Financial Institutions Analyst 1999 – 2001
Coordinated with corporate finance to execute the equity issuance and pricing process for a multitude of U.S. corporations.
• Completed an intensive accounting, corporate finance and capital markets investment banking analyst training program.
• Researched and analyzed the U.S. capital markets as well as the portfolios and purchasing trends of the numerous financial
institutions operating within this realm.

ADDITIONAL INFORMATION
• Computer Skills: Excel, Argus, CoStar, Bloomberg, Oracle and SAS database interaction, Ibbotson Portfolio Analysis

M. RYAN KOMPPA
223 35
th
Street • Newport Beach, CA 92663 • 303-513-0485 • komppa@usc.edu

EDUCATION

University of Southern California Los Angeles, CA
Master of Real Estate Development May 2007
• 3.9 GPA, 730 GMAT, National Real Estate Case Competition Team, Stan Ross Seminar Series
• Research Assistant to Professor Stuart Gabriel – Chair and Director of the USC Lusk Center for Real Estate

Georgetown University Washington, DC
Bachelor of Science, Finance / Management double major May 2002
• Cum Laude; Dean’s Citation Award, Academic Council President, Men’s Varsity Crew

EXPERIENCE

Green Street Advisors Newport Beach, CA
Associate November 2004 – May 2006
Managed some of the most well respected financial models in real estate investment trust (REIT) industry - including Net
Asset Value (NAV), Earnings, and DCF models. Analyzed national real estate markets, trends, and individual REIT strategy.
• Analyzed the Retail, Office, Industrial, and Self-Storage sectors.
• Wrote and edited daily notes, debt analyses, quarterly industry updates, IPO reports, and coverage initiation pieces
• Contributed to the Office and Industrial team’s 25% buy-sell spread in 2005

AIMCO Denver, CO
Senior Analyst / Strategy Consultant March 2003 – November 2004
Conducted high level operational and strategic analysis and consulting work. Designed and implemented comparative
performance measurement systems incorporating rent, occupancy, market conditions, and competitor performance.
• Results presented by senior management to board members, dubbed by the Chairman and CEO, Terry Considine: “one
of the two key insights on the business I’ve seen over the past year”
• Utilized results to identify and support corrective action at previously unknown underperforming assets, with a revenue
potential over $50M in the DC market alone
• Conducted an analytical performance assessment of business operations using Six Sigma methodology to identify key
factors impacting performance. Results presented to senior management and used as a basis for strategic planning
• Conducted operational reviews of three $150M+ regional operating centers (ROCs)
o Conducted 50+ interviews of community managers, sales, and staff at 30+ properties across the U.S.
o Jeff Adler, EVP of Property Operations, critiqued work as “incredibly insightful and helpful” and moved to
implement as a company wide effort

Risk Analyst June 2002– March 2003
Helped convert department to a “rate to risk” methodology, sending pricing signals and maximizing loss control.
• Designed and implemented a large Liability SIR program and provided important oversight and claims data
• Efforts led to a savings of more than $10M in decreased losses and renewal savings in 2003

Financial Analyst Summer 2001
Negotiated and analyzed affordable housing contracts to maximize profit upon renewal of HUD contracts.

Urban Land Institute Washington, DC
Practice and Policy Department Assistant January 2001 – May 2001
Contributed to publications including Maturing Suburban Districts, Dollars and Sense: Urban Infill, and Urban Land
magazine by conducting extensive research, writing case studies, as well as analyzing and preparing market forecasts.

ADDITIONAL INFORMATION
Professional Affiliations: Urban Land Institute, NAIOP, ICSC
Computer Skills: Advanced Financial Modeling in Microsoft Excel and Argus
J. SCOTT MCKEON
2116 Warfield Avenue • Redondo Beach, CA 90278 • (310) 400-4591 • jmckeon@usc.edu

EDUCATION

University of Southern California Los Angeles, CA
Dual Degree: Master of Business Administration & Master of Real Estate Development May 2007
• Participant in National Association of Industrial and Office Properties USC/UCLA Real Estate Challenge.
• Chosen as Team Captain for University of Texas at Austin National Real Estate Challenge.
• Member of Graduate Real Estate Association.

Southern Virginia University Buena Vista, VA
Bachelor of Arts April 2001
• Elected Student Body President.
• Awarded Gibson Entrepreneurial Scholarship.
• Team Captain for Varsity Baseball Team; Starting Centerfielder.


EXPERIENCE

Stream Realty Partners Dallas, TX
Summer Associate Summer 2006
Responsible for driving new marketing and leasing strategies for 4 key commercial properties in greater Dallas area.
Supported Director of Development on 24-acre redevelopment project.
• Drove repositioning recommendations for Chase Tower, the firm’s signature skyline office building.
• Directly responsible for sourcing and closing 6,500SF lease to Ferrari dealership in the Chase Tower Rotunda.
• Initiated discussion with Trammell Crow Residential for joint-venture on redevelopment project.

Apple REIT Richmond, VA
Asset Manager 2002 - 2005
Responsible for portfolio profit & loss of 15 Marriott-branded hotels valued at over $280 million. Analyzed
operational, property, and market conditions in order to create strategies for asset acquisition, reposition and
disposition. Reported monthly ROI results to executive management and capital partners.
• Managed acquisition exploration, valuation, and all due diligence for purchase of 42 hotels totaling $600 million.
• Traveled extensively with executive management to acquisition sites, participating in high-level negotiations.
• Led team through completion of 9 property renovations and $5 million in annual capital expenditures.

Cornerstone REIT (NYSE: TCR) Richmond, VA
Investor Relations Manager 2001 - 2002
Responsible for researching and analyzing market conditions and competitor performance to prepare management
for earnings conference calls. Selected by CEO to join strategy team, implementing new operational initiatives.
• Developed investor road show that resulted in new property acquisitions through the issuance of OP Units.
• Negotiated 57 long-term leases worth $445K in annual revenue from 6 corporate accounts across 4 states.
• Completed 6-month Junior Executive Training program, fulfilling assignments with 7 Senior Vice Presidents.


ADDITIONAL INFORMATION

International: Volunteer Missionary: Dominican Republic; fluent in Spanish. Study Abroad: Jerusalem, Israel.
Community: Redondo Beach Softball League, SVU Alumni Association, LDS Church Youth Group.
Volunteer: Boy Scouts of America: Venturing Crew Advisor; Eagle Scout.
Interests: Family, music, surfing, motorcycles.
Spencer L. Rose
505 Manhattan Beach Blvd. #7, Manhattan Beach, CA 90266 • (310) 947-4128 • spencer.rose.2007@marshall.usc.edu

EDUCATION

University of Southern California, Marshall School of Business Los Angeles, CA
Master of Business Administration, Concentration in Real Estate Finance May 2007
• Vice President, External Affairs: Graduate Real Estate Association

University of Southern California, School of Policy, Planning, and Development Los Angeles, CA
Master of Real Estate Development May 2007
• Recipient, Borstein Scholarship, 2005-06

University of California, Berkeley Berkeley, CA
Bachelor of Arts, Legal Studies. Minor, Business Administration (Haas School) May 2001

EXPERIENCE

World Savings Bank (acquired by Wachovia Corporation in 2006) Oakland, CA
Real Estate Acquisitions Analyst 2001 -2005

Acquired over $10 million in office and retail property to facilitate the development of new savings and lending
branch offices.
• Successfully built relationships with local brokers, developers, and municipalities in two major metropolitan
markets. Monitored all development activity in each market and performed field site reviews on a monthly basis.
• Analyzed market demographic data and used GIS software to drill down to a trade area level of analysis.
• Performed valuations for potential deals and benchmarked against comparable sales data.
• Structured deal terms, drafted and negotiated Letters of Intent for over 100 potential sites. Worked along side an
outside attorney during final lease and contract stages.
• Oversaw the creation of Site Recommendation Packages, which were presented to the internal real estate
committee for approval to purchase or lease the property; achieved one of the highest site approval ratings in the
department.
• Hired consultants, compiled and reviewed all due diligence material prior to closing on the property.

Medical Realty Advisors Newport Beach, CA
Summer Associate Summer 2000

Assisted the brokerage team with all tasks associated with promoting and leasing medical office space.
• Oversaw the production of the property marketing materials used during pitch meetings.
• Assisted in the development of an online property database, which allowed tenants an easy way to search for
available office space.

Sacks Real Estate Group Newport Beach, CA
Summer Associate Summer 1999

Performed pro-forma analysis for an investment sales brokerage firm that focused on small (5-10 unit) multi-family
residential properties throughout Orange County.
• Compiled property information and financial data into a searchable database for investor use.
• Prepared fact sheets and summary memorandums for client review.

ADDITIONAL INFORMATION

• Affiliations: International Council of Shopping Centers (ICSC), Urban Land Institute (ULI), USC Graduate Real
Estate Association (GREA)
• Computer: Excel, ARGUS, Geographic Information Systems (GIS), and Visio
• Interests: golf, tennis, running, reading and travel






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CHRIS F. BENNETT

2429 Locust Street, Apt. 411, Philadelphia, PA 19103 | 610.564.6801 | Bennettf@wharton.upenn.edu

EDUCATION

THE WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA
Master of Business Administration Candidate; Major in Real Estate and Finance

Philadelphia, PA
2005 - 2007
• Active member of Real Estate Club and Private Equity Club. Member of Operations Committee of Rebuilding Together.
• Selected Graduate Teaching Assistant: Real Estate Finance and Investments.
• Co-founded real estate development company, Wright Estate, L.P., which focuses on land development in Pennsylvania and
has made a $3.3MM acquisition of 366 acres of land.
• GMAT – 750 (90%M, 97%V).

Duke University
Bachelor of Science in Economics; Certificate in Markets and Management

Durham, NC
1997 - 2001
• Relevant coursework: Corporate Finance, Financial Markets and Investing, Statistics. Duke University Dean’s List 1998-9.
• Duke Crew Team: Varsity letter winner 1998 – 2000.

EXPERIENCE

Petrus Partners, Ltd.
Summer Associate


New York, NY
Summer 2006
• Created complex partnership structure for a $7MM JV recapitalization of a Goldman Sachs partnership which owned a
leasehold interest in a parking structure and developed cash flow model with a six-part waterfall.
• Performed due diligence on a $26.75MM acquisition of a 263,216 sf Class A office portfolio in Greensboro, NC as part of a
disposition from a REIT. Audited historical expenses, performed property inspection, abstracted leases, and developed
financial model in Argus and Excel. Resulted in $300k price adjustment from Seller.
• Advised fund management on potential disposition of a portfolio investment, $12MM flex property in Phoenix, AZ,
performing valuation analysis and market research. Recommendation of retaining the property was adopted.
• Evaluated and modeled in Argus and Excel over fifty investment opportunities valued in excess of $1B.

Nomura Securities International
Senior Analyst, Fixed Income


New York, NY
2003 – 2005
CMBS Senior Analyst/ Underwriter
• Originated and underwrote commercial real estate loans, staffed and trained Junior Analysts.
• Underwrote and presented over 30 loans representing $135MM in collateral for approval to Nomura CMBS Credit
Committee, comprised of senior management.
• Nominated for Promotion to Assistant Vice President in March 2005, only one of nine analysts.
• Selected transactions include:
- $200MM refinance of One River Place, a 921 unit Class A property in New York, NY owned by Silverstein Properties.
Constructed detailed underwriting model, drafted preliminary term sheet and documents, and advised senior team
members on complex holdback structure.
- $94MM in financing for Walton Street Capital’s acquisition of an industrial portfolio. Built detailed underwriting model
encompassing 24 properties and acted as initial primary contact for client.
CMBS Analyst
• Modeled commercial real estate loans and proposed loan structures for numerous single asset and portfolio transactions
including 454 loans of all product types totaling $5.06B.
• Provided underwriting support for 48 securitized loans which totaled $319MM.

Merrill Lynch & Co.
Analyst, Private Wealth Management

New York, NY
and Princeton, NJ
2001 – 2003
• Created proactive client solutions for Private Wealth Advisor teams and developed proficiency with real estate, fixed income,
and alternative investment products. Focused on concentrated stock and risk management using derivative products.
• Coordinated private briefings and research efforts for High Net Worth clients with aggregate assets in excess of $28B.,
resulting in net new assets to the firm in excess of $500 MM.

ADDITIONAL INFORMATION
• Skills: Argus, Series 7 & 66 Licensed, basic Spanish competency.
• Leadership/ Community Service: Streetwise Partners: 2002 –2005.
Acted as Mentor and then Program Officer for career mentoring program that serves adults in the New York City area who
seek career and computer skills to help them enter the workforce.
• Interests: Skiing, Hiking, Travel, and Reading.

JED M. BRAWLEY
2028 Walnut Street, Philadelphia, PA 19103
Phone: 917.847.9171 -- Email: Jed.Brawley.wg07@wharton.upenn.edu

EDUCATION

THE WHARTON SCHOOL and THE LAUDER INSTITUTE, UNIVERSITY OF PENNSYLVANIA
Master of Business Administration Candidate, Major in Financial & Operational Risk Management
Master of Arts in International Studies Candidate, Western Europe and French Concentration

Philadelphia, PA
2005 - 2007

• Active member of the Investment Management, Private Equity, Real Estate, Rugby (elected officer) and Wine Clubs.
• Awarded Lauder Foundation Fellowship, a merit-based award; Summer Language Immersion in Paris.
• International Volunteer Project in Benin, Africa to provide microfinance and small business consulting.
• Captain of Wharton’s 2006 National Real Estate Challenge team; only 1st year MBA selected to team in 2005.


UNIVERSITY OF VIRGINIA
Bachelor of Science in Commerce, Concentration in Finance and M.I.S.; Minor in Economics

Charlottesville, VA
May 2001
• Chosen as McIntire Investment Institute Portfolio Analyst (1997-2001): Student-run, $300,000 investment portfolio.
• Member of Chi Phi Fraternity (1996-2001): Elected Treasurer and managed over $100,000 in funds.

EXPERIENCE

CERBERUS CAPITAL MANAGEMENT, L.P.
Associate

Frankfurt, Germany
Summer 2006
Cerberus is a global private investment firm with approximately $16B of funds under management. Analyzed equity investments
in European corporations and made investment recommendations based on quantitative and qualitative analysis.
• Involved in all aspects of the investment process: assessed potential acquisition opportunities, prepared detailed financial
models and valuations, managed due diligence activities, structured and coordinated potential investments and financings.
• Developed strategic and operating initiatives, evaluated profitability among multiple business lines, and formulated acquisition
structures in order to maximize tax-efficiency.
• Key transactions included the evaluation of a €1.2B acquisition of a government-owned real estate operating company in
Scandinavia; and a €300M acquisition in a spin-off of the real estate division of a large European energy conglomerate.

J.P. MORGAN PARTNERS, LLC
Private Equity Associate, Real Estate Group

New York, NY
April 2004 – May 2005
The real estate group consisted of four investment professionals (including two partners) with the mandate to manage operations
and dispositions of the company’s real estate private equity portfolio consisting of approximately $300M of equity invested.
• Responsible for investments across a variety of asset classes, including investments in corporate interests and securities, joint
ventures, and limited partnerships totaling approximately $800M in estimated market value.
• Managed approximately 30 assets: oversaw property management; modeled, analyzed and approved potential lease deals,
financings, and recapitalizations. Led weekly and extensive bi-annual portfolio reviews for managing partners.
• Formulated and evaluated exit strategies for existing investments. Facilitated sales process by coordinating due diligence,
marketing, contract negotiations and closings. Sales contributed over $100M to profit.
• Key transactions included the $90 million disposition of a 250,000 square foot office complex, requiring the unwind of a
complex joint venture, extensive legal work, and negotiation of valuation and transaction structures.

THE PRAEDIUM GROUP LLC
Associate, Real Estate Private Equity Opportunity Fund

New York, NY
July 2002–April 2004
Investment professional at a $650M private equity opportunity fund focused on middle-market real estate investments.
• Acquisition Experience: Analyzed over $1B of opportunities across a wide variety of asset classes to assess investment
potential. Structured acquisitions; negotiated and drafted purchase, financing, and joint venture agreements.
• Key transactions included a $16.5M acquisition of suburban office building from creditor holding distressed asset in lieu of
foreclosure; and $133M in acquisitions of three distinct New York City multifamily portfolios totaling over 2,000 residential
units. Co-managed execution of real estate investments totaling over $250M in aggregate market value.
• Actively managed approximately 15 portfolio investments; advised senior management on budgeting, strategic planning,
financings, redevelopments, renovations, and asset dispositions.

SALOMON SMITH BARNEY
Analyst, Real Estate & Lodging Investment Banking Group


New York, NY
July 2001–June 2002
• Analyzed quantitative and qualitative feasibility of proposed financings, sale-leasebacks, mergers and acquisitions.
• Performed valuation analyses using comparable company, precedent transaction, and discounted cash flow methodologies.

ADDITIONAL INFORMATION
• Languages: Fluent in French with experience in Spanish (5 years in high school and University).
• Interests: Swimming, running, piano, guitar, travel, and cooking.


LAURA A. CAMPBELL
1512 Spruce Street, Apt. 604 • Philadelphia, PA 19102
(917) 670-7116 • laura.campbell.wg07@wharton.upenn.edu

EDUCATION

THE WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA
Master of Business Administration Candidate – Major in Real Estate

Philadelphia, PA
2005-2007
• Awarded Joseph Wharton and Diane and Robert M. Levy Fellowships for integrity, leadership, academic and professional excellence.
• Visiting Board Member, Wharton Non-Profit Board Leadership Program. One of 12 students selected to receive leadership and
governance training while serving on the board of the Samuel S. Fleisher Art Memorial, the nation’s oldest tuition-free art school.
• Teaching Assistant, Real Estate Finance and Investment for Professor Lynne Sagalyn. Selected based on class performance. Position
involves teaching a real estate finance primer and assisting in development of an exercise underwriting urban real estate investments.
• Active member of Urban Land Institute, Wharton Private Equity, Real Estate and Golf Clubs. Co-led Los Angeles Real Estate Trek (’06).

SCHOOL OF DESIGN, UNIVERSITY OF PENNSYLVANIA
Master of City and Regional Planning Candidate – Major in Urban Design and Development

Philadelphia, PA
2004-2007
• Awarded Department of City and Regional Planning Chair’s Merit Scholarship.
• Part of student team to receive a Certificate of Merit from the American Planning Association for a commercial corridor/riverfront
redevelopment plan containing retail market and parking studies and phased design and development guidelines.
• Research Assistant (’04-’05), Professor Lynne Sagalyn on the evolution and impact of historic preservation tax credits.

GRADUATE SCHOOL OF DESIGN, HARVARD UNIVERSITY
Career Discovery Program Architecture Certificate
Cambridge, MA
2002

BROWN UNIVERSITY
Bachelor of Arts with Honors – Majors in International Relations and Hispanic Literature
Providence, RI
1996-2000
• GPA 3.7/4.0. Honors thesis on Spanish foreign direct investment in Argentina. Junior year abroad in Salamanca, Spain.

EXPERIENCE

GOLDMAN, SACHS & CO.
Summer Associate – Urban Investment Group (Merchant Banking Division)
New York, NY
2006
• Modeled equity, preferred equity and mezzanine investments to underwrite residential and mixed-use projects involving renovation/new
construction in urban markets of NY, NJ and CA. Total development costs ranged from $50-120M.
• Performed on-site market research and prepared detailed comparables and pipeline analyses for projects in emerging and established
markets of NY, NJ and PA. Information used to evaluate project feasibility and developer assumptions regarding product and price points.
• Prepared and presented deal summaries, including project overview, assumptions, investment structure, return and breakeven analyses,
budgets and maps for UIG/REPIA Investment Committee review. All deals received preliminary or final approval.
• Developed presentations on San Francisco and Los Angeles for-sale/rental housing markets. Presentations used by Managing Director in
panel discussions and meetings to build momentum for UIG investments on the West Coast.

UNIVERSITY OF PENNSYLVANIA
Summer Associate – Facilities and Real Estate Services

Philadelphia, PA
2005
Division manages development/redevelopment, capital planning, leasing and operations for university-owned real estate assets.
• Evaluated developer credentials, deal structure, pro-formas and designs in RFP responses for a $50M student housing/retail development.
Side-by-side comparisons and return analyses presented to Selection Committee. Project to break ground in 2007.
• Assessed supply/demand and comparables, modeled financials for conversion of a campus property into a boutique hotel. Director of
Development used analysis to discuss feasibility internally and with potential partners. Project under consideration.
• Prepared presentation for Real Estate Steering Committee on acquisition of an $18M portfolio of 258 apartments for condo conversion.
Transaction approved as part of strategy to expand $15M Neighborhood Preservation and Development Fund.

ASSOCIATION OF THE BAR OF THE CITY OF NEW YORK
Program Coordinator – The City Bar Justice Fund

New York, NY
2002-2004
Legal association providing pro bono representation, information and advocacy to over 25,000 persons annually.
• Administered program to resolve landlord/tenant issues of 9/11-affected small businesses. Conducted legal clinics on commercial leasing
and 9/11 aid programs. Found volunteer attorneys to recover $2M in property insurance claims, grants and loans.
• Launched pilot program to consult to low-income entrepreneurs on business structure, commercial leases, contracts and licenses.
• Represented the Association at inter-agency/public meetings. Developed partnerships and led workshops with CDCs and EDCs.

NEW YORK CITY DEPARTMENT OF PARKS AND RECREATION
Research Assistant – Historic House Trust of New York City

New York, NY
2002
• Researched public and museum archives regarding prior property restorations and land use as part of historic preservation efforts.

INTERNATIONAL RESCUE COMMITTEE
Program Coordinator – Refugee Resettlement Department
New York, NY
2000-2001

ADDITIONAL INFORMATION
• Proficient in all Microsoft Office applications. Working knowledge of ARGUS.
• Traveled to Eastern and Western Europe, Central and South America. Enjoy historical non-fiction, running, sailing, sketching, golf.
IAN A. COHEN
2317 Delancey Street, Apt 1R, Philadelphia, PA 19103
917-748-2232 (Cell) / 215-525-3303 (Home)
iancohen@wharton.upenn.edu

EDUCATION
THE WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA
SCHOOL OF ADVANCED INTERNATIONAL STUDIES (SAIS), JOHNS HOPKINS UNIVERSITY
Dual-Degree MBA and MA of International Affairs Candidate, Cumulative GPA (SAIS): 3.7
Concentrations in Real Estate, International Economics and Asia/China Studies
Philadelphia, PA
2007
• Member, Wharton 2006 National Real Estate Challenge Team; Co-leader (2006), Wharton NY Real Estate Trek; Member
(2005-2006), Wharton Real Estate Club; VP of Alumni Relations (2005), SAIS Finance Club
BROWN UNIVERSITY
BA, Major in International Relations, Cumulative GPA: 3.7
Providence, RI
2000
• Elected to Brown University Finance Board; Brown Outdoor Leadership Leader and Leader Trainer; Fraternity President

EXPERIENCE
MORGAN STANLEY REAL ESTATE
Summer Associate – Real Estate Investment
Hong Kong, SAR
2006
• Analyzed investments in public and private Asian developers and REITs for Morgan Stanley Real Estate Funds (MSREF)
and Morgan Stanley’s real estate Special Situations Fund
• Developed model for $34 million investment in public securities of a large Asian REIT which was subsequently executed
• Analyzed $150 million investment in convertible bonds for Chinese mall-owning entity
• Created analysis for $50 million investment in public securities of Hong Kong-listed Chinese developer
• Performed comparable company analysis and researched projects and markets in Hong Kong, Singapore, and China
STANLEY & PARTNERS INVESTMENT MANAGEMENT COMPANY
Manager – Real Estate Investment Department
Shanghai, China
2004
• Managed several teams of 3-5 Chinese analysts and staff preparing market research for major international clients
• Executed due diligence and negotiation with team for proposed $25 million investment in Shanghai residential development
• Built financial models and wrote research reports for projects assessed by international banks and private equity funds
• Initiated and co-managed the introduction of “Institutional Investor Services Group” including formation of four-member
team, authorship of business plan, process definition, and execution of research and financial modeling
CUSHMAN & WAKEFIELD PREMAS
Financial Analyst – Research and Advisory Group

Shanghai, China
2003
• Hired as sole analyst responsible for market research and financial modeling for the largest proposed foreign real estate
development in China, Waitanyuan, which was subsequently invested in by The Rockefeller Group
• Authored investment report pertaining to Chinese practice and policy regarding joint-venture, foreign exchange, taxation,
legal and general market issues utilized by The Rockefeller Group in their decision to invest in Shanghai
• Built discounted cash flow model for $800 million, 40 building, multi-use project including hotel, mall/retail, residential and
office and presented to potential investors and real estate developers
THE RELATED COMPANIES
Financial Analyst – Restructuring, Refinance and Dispositions Group
New York, NY
2001 – 2002
• Managed and negotiated numerous sales and refinancings of multi-family affordable housing properties comprised of 400
units throughout United States. Generated net proceeds of $12 million. Responsibilities included lender and buyer
negotiation of contract terms, return analysis, debt restructuring, and government and investor approvals
• Performed profit analysis, carried out due diligence, and supervised underwriting process for sale and refinancing of multi-
family housing properties comprising 1,300 units generating proceeds of $20 million
OTHER EXPERIENCE

• Financial Security Assurance (FSA), Inc., Corporate Finance, Structured Finance, Associate, Summer 2005
• AT Kearney, Consultant, Global Business Policy Group, Spring Semester 2005

ADDITIONAL INFORMATION
Language:
Accomplishments:

Software:
Activities:
Proficiency Qualification in Mandarin Chinese
Climbed two “Seven Summits” - Denali in North America and Mt. Elbrus in Europe; Completed three
marathons; Visited 23 of 34 provinces and special administrative regions in China
Proficient in ARGUS commercial real estate valuation software, Bloomberg and Microsoft Office
Coach and Crisis Author, DC Student Outreach; Player/Coach, Cohort J Flag Football Team

JOSHUA D. MORRIS
2031 Locust Street #401, Philadelphia, PA 19103
917-710-0436
joshua.morris.wg08@wharton.upenn.edu

EDUCATION

THE WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA
Master of Business Administration Candidate; Majors in Real Estate and Finance

Philadelphia, PA
2006 – 2008
• Nominated for 2006 National Real Estate Challenge - only first year student selected to represent Wharton
• Analyst, Wharton Investment Management Fund (a $750,000 small cap value fund); Volunteer for the 2006 Wharton
Investment Management Conference
• Selected as Panel Manager for “Brand Extension in Private Equity” Panel for the 2007 Wharton Private Equity Conference
• Active member of Wharton’s Real Estate, Investment Management, Private Equity, and Wildmen Hockey Clubs

UNIVERSITY OF TEXAS AT AUSTIN (MCCOMBS SCHOOL OF BUSINESS)
Bachelor of Business Administration, Major in Management Information Systems
Austin, TX
1998 - 2002
• Overall GPA: 3.8 / 4.0
• Awarded merit-based Kimberly-Clark Scholarship; Distinguished College Scholar, Dean’s List, and University Honors
• Founded the Undergraduate Investment Fund; member of Zeta Beta Tau Fraternity

EXPERIENCE

BAYNORTH CAPITAL
Associate
Investment professional at a $900 million real estate private equity fund that was formerly part of Harvard
University’s Endowment; Reported directly to Chip Douglas, Charlie Wu, Charlie Flint, and Clancy Casey


Boston, MA
2004 – 2006
• Acquired 26 properties encompassing over 5 million square feet, whose value exceeds $650 million
• Devised acquisition structure, negotiated term sheets, loan documents and joint venture agreements, performed underwriting,
financial modeling, and due diligence
• Managed over $750 million of existing investments, including overseeing all strategic and financial decisions
• Selected transactions included negotiating a $36 million Joint Venture with Foresite Realty and agreeing to develop a $55
million Private Residence Club on Main Street in Park City, UT

J.P. MORGAN
Analyst, Commercial Mortgage-Backed Securities Group (CMBS)


New York, NY
2002 - 2004
• Executed 10 securitizations totaling $9 billion. Created marketing and legal documentation and performed statistical analyses
• Overhauled marketing documentation thereby increasing accuracy and value of information presented to potential investors
• Evaluated more than 20 large loan origination opportunities, including 3 successful originations totaling $1.2 billion.
Performed credit analysis and drafted credit committee memorandums
• Co-created third party CMBS securitization platform, including developing analytics and prospecting for potential clients
• Selected transactions include co-originating a $1 billion financing that enabled Hometown America to acquire Chateau
Communities and underwriting GE Financial Assurance’s $822 million CMBS securitization, our first third-party underwriting

J.P. MORGAN
Application Delivery Summer Internship Program, Values at Risk Systems (VARS)


New York, NY
Summer 2001
• Built a software application, using Excel and VBA, that was used by the firms credit risk managers in their VARS calculation

CLASSGRABBER
Founder and CEO


Austin, TX
2001 – 2002
• Designed and marketed an innovative class registry management software application product that has been rolled out to 7
universities and has over 6,000 users
• Created the business model and managed a team of marketing interns that promoted the successful launch of ClassGrabber

ADDITIONAL INFORMATION

• Interests: Backcountry skiing, UT and NY Giants football, UConn basketball, weightlifting, golf, travel, and reading
• Investing: Manage personal investment portfolio employing a deep value approach
• Positions: University of Texas Real Estate Finance and Investment Center, Associate Council Member; Boston Scholars
Program, Mentor and Board of Affiliates Member; Combined Jewish Philanthropies, Ben Gurion Giving Society and Kadimah
Young Leadership Program

JOSEPH D. SPECTOR
111 South 15th Street, Apt. 1807 • Philadelphia, PA 19102
(646) 872-6607 • spectord@wharton.upenn.edu

EDUCATION

THE WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA Philadelphia, PA
MBA Candidate, Majors in Real Estate and Finance 2005 - 2007
• Wharton’s Captain, 2006 National Real Estate Challenge
• Elected VP of Wharton Real Estate Club, active member Urban Land Institute Young Leaders and Roadrunners Club
• Participated in Wharton’s Real Estate Research Competition and 2006 ULI Student Urban Design Competition
• Participated in Southeast Asia Global Immersion Program: cultural and business trek to explore market opportunities
• GMAT Score: 760, Top 1%

HAAS SCHOOL OF BUSINESS, UNIVERSITY OF CALIFORNIA, BERKELEY Berkeley, CA
Bachelor of Science, Major in Business Administration 1999 - 2001
• Emerging Leader Alumni Scholar and President of Haas Undergraduate Student Government
• Graduated in 3 years while financing 100% of all college expenses through scholarships and part-time work

WORK EXPERIENCE
HINES INTERESTS L.P. Houston, TX and San Francisco, CA
Assistant Project Manager Intern, Acquisitions Group Summer 2006
• Evaluated over 10MM SF of planned transactions for US Core Office and REIT funds using ARGUS and Excel
• Assisted underwriting Blackstone’s $900MM Trizec portfolio and $65MM Kansas City Class A office by analyzing
replacement costs, net effective rents, rollover schedules, stacking plans, vacancies and tenant credits
• Modeled pro-forma yields and performed building and market due diligence for Investment Committee Proposals
• Explored investment opportunities for core retail, industrial and office properties in target submarkets by speaking
with local brokers, developers and real estate research professionals
• Analyzed San Francisco Bay Area office market trends and presented results to management
• Created case study of CBD office acquisition strategies to educate REIT wholesaler team about investment traps
• Examined San Francisco Planning Code for various easement fees to help assess best use of development lot

J.P. MORGAN SECURITIES INC. New York, NY
Senior Analyst, Securitized Products Group 2002 – 2005
Worked with principal investments, private placements, auction rate notes, hedging and project finance
Industry experience: Hospitality, banking, insurance, automotive, consumer, utility, airline
Quantitative Analysis
• Constructed dynamic cash flow and financial structure models for receivables principal investing and securitizations
• Modeled capital mix, hedging options, and enhancement levels to advise clients on minimizing funding costs
• Evaluated bond structuring strategies and market conditions to advise Treasurers
• Analyzed funding alternatives for CEO of leading fleet leasing company to derive long-term growth plan
Project Management
• Led teams of banking, legal, accounting, rating agency, and trustee professionals to review and execute transactions
• Developed close client relationships by leading due diligence, developing transaction structures, negotiating term
sheets, marketing and pricing transactions
• Trained and supervised 6 Analysts in transaction execution and product knowledge
Strategy
• Identified securitization opportunities through company research leading to bond assignments totaling $700MM
• Developed and maintained extensive contacts with institutional investors by working with trading desks, marketing
transactions with complex structures and attending conferences
• Negotiated legal documents and set up infrastructure for first time securitization issuers
Leadership and Teamwork
• Increased on-campus recruiting 100% by working with human resources and senior alums
• Spearheaded Securitization Department in United Way Corporate Giving Campaign to raise over $20,000

ADDITIONAL INFORMATION

• Languages and Travel: Fluent in Russian; lived in Uzbekistan, Italy, and Austria; traveled to over 20 countries
• Professional Qualifications: NASD Series 7 and 63 licensed, ARGUS trained, Crystal Ball (Linear Programming)
• Interests: Weightlifting, running and writing (working on publishing a book about my refugee experience)

Berkeley

University of California at Berkeley Haas School of Business

Millicent Anglin

Moshe Michael Barda

Brian Chuck

Juan de Yturbe

Jacob Heitler

Joshua Joseph

prepared and reviewed appraisals. ANGLIN 2100 Channing Way . • Convinced partner of $18 million housing portfolio to improve weaknesses in its property management operations and prepared performance benchmarks to evaluate progress. DYNA. Assisted Housing Manager (Section 8) Compliance Certification and Tax Credit Compliance Certification. CA 94704 (201) 396-3579 millicent_anglin@haas. in Economics and Computer Science. • Provided financial projections to local housing agency to facilitate the disposition of properties at the end of Low Income Housing Tax Credit compliance periods. • Approved leases. • Facilitated a $39 million investment in 230 housing units through analyzing underwriting assumptions and developers’ current properties. Department of Housing and Urban Development to resolve financial and operational concerns regarding a 1.berkeley.Apt. NY Asset Manager • Developed strategies to improve financial performance. May 2008 • Haas Merit Scholarship.5 billion in market value. Real Estate Investment Group • Researched tenant credit and analyzed leases to facilitate acquisitions in a $265 million super-regional mall and private REITs totaling $2. 2001 – 2003 2000 – 2001 ADDITIONAL .S. Structured Equity Group • Customized investment reviews of equity portfolios valued at over $50 billion and contributed to Request-for-Proposals for prospective clients. management operations and compliance with affordability restrictions for $168 million housing portfolio. reviewed loan documents and coordinated with real estate broker to sell a $334 million super-regional mall and a $140 million portfolio of community shopping centers. Analyst. conducted site visits and worked with property managers on operational issues as asset manager for super-regional malls totaling $615 million in market value.edu EDUCATION University of California at Berkeley Walter Haas School of Business Master of Business Administration. JPMorgan Asset Management New York. Jackie Robinson Foundation Scholarship • Alumni Association Board. • Assisted in interviewing prospective property managers and drafting the property management agreement for a $60 million retail property. Regional Committee Member EXPERIENCE 2003 – 2006 National Equity Fund New York. Professional Skills and Certifications: ARGUS. 416 Berkeley. Graduated Cum Laude.A. Dean’s Honor List. • Analyzed sale proceeds and financial returns.MILLICENT A. prepared performance attribution analyses and evaluated investment guideline compliance. • Presented analysis to the U. May 2000 • Cumulative GPA 3. presented asset strategy reviews. NY Associate.54. Toigo Foundation Fellowship New York University College of Arts and Science B. • Researched companies held in US Equity portfolios. Scholars Program.200-unit housing project.

DAN HAY. Platoon Commander in the Rescue and Recovery Unit • Awarded Best Officer for platoon’s consistently high performance (2004). Accomplished a passage of a new. from the initial planning stage. Certified yacht skipper and an audacious flying trapeze acrobat (for Club Med) Article for firm magazine "Conducting Real Estate Transactions during Times of Strikes" . Berkeley.berkeley. ISRAELI DEFENSE FORCES Captain. • Delivered pro-forma analysis for top management to support new business development. renowned for its real estate and commercial law expertise and elite clientele Advocate and Attorney at Law. sale and rental transactions. through monitoring the plan in the approval proceedings and ending with the registration of consolidation and parcellation proceedings. • Structured major residential transactions and liquidated mortgaged properties totaling $1. day-to-day handling of complex building. Berkeley. • Oversaw complete. totaling $10 million.Berkeley Real Estate Club Tel Aviv University. SADOT & CO. • Pro Bono: provided legal counsel to the "Let the Animal Live" movement. • Received a performance bonus exceeding 20% of total internship compensation in value. elite Law program in Israel and one of the best worldwide L. Israel 2002 – 2004 1999 – 2002 199 6 . May 2000 • Awarded Merit-based Law School Scholarship • Concentration in Real Estate Transactions. Apt. CA 2006 Premium national provider of website solutions for the online real estate industry Summer Associate – Business Strategy • Initiated. respectively. CA 94720 (510) 590-6495 barda@haas. • Recommended alternative pricing schemes and evaluated their impact on profitability and market share. Company selected new scheme that maximizes long-term profitability. INC. Bachelor of Law Studies.2004 ADDITIONAL Training: Languages: Interests: Publishing: Argus (2006) Hebrew and Italian..B. Israel • Founded private practice that specializes in commercial and real estate law. combination. Authorized to work anywhere within the European Union..Buchman School of Law A premier.3 million and $7 million.edu EDUCATION University of California at Berkeley . • Managed land rezoning. LAW OFFICES Tel Aviv. • Received cumulative salary promotions of 300% based on performance evaluations. May 2007 • Vice President . Presented data proved instrumental in firm's decision to pursue a new marketing strategy. Real Estate and Commercial Division Junior Manager • Led the Commercial Division.MOSHE MICHAEL BARDA 2299 Piedmont Ave. Resulted in unprecedented income to the office. Israel . 2004-2005 MICHAEL BARDA. BROTFELD & CO.L. Israel One of Israel's most unique and best known law firms Advocate and Attorney at Law • Negotiated five of the largest transactions ever made in Israeli sports. improve customer service and postpone planned product development. #615.. Analyzed and negotiated all aspects of every contract. Supervised transactions totaling $100 million. A rare scope for a young legal entrepreneur in Israel.Walter Haas School of Business MBA Candidate with Emphasis in Real Estate and Finance. Israel Top law firm. Property Laws and Contract Laws EXPERIENCE iHOMEFINDER. ADVOCATES Tel Aviv. modern bill for the protection of animal's rights.. designed and conducted profile analysis of company's top resellers. LAW OFFICES Tel Aviv.

Acquisitions • Summer internship in BlackRock Realty’s acquisitions group. internal rate of return. photographs. valuations. etc. sale and lease comparables.) • Exposure to field work. and determined appropriate pricing parameters • Assisted in the preparation of acquisition proposals on proposed acquisitions for presentation to the investment committee. comparable public companies. Haas School of Business Master of Business Administration Candidate. Chuck Providence.edu EDUCATION University of California at Berkeley Walter A. 2000 EXPERIENCE Summer 2006 Berkeley. acquisition proposals. and comparable transaction analyses) and M&A transaction modeling (accretion/dilution.berkeley.Chuck@mba. CA Summer Associate.1518 Bonita Avenue. Finance Club.B. Challenge for Charity golf 2000 – 2005 ADDITIONAL . NY Associate (2003 – 2005). Apartment 4 Berkeley. selected appropriate growth rates.B. RI BlackRock Realty Newport Beach. May 2007 Certificate in Real Estate Brown University A. and strategic advisory assignments completed Activities: Interests: Berkeley Real Estate Club. in Computer Science and A. and conducting due diligence related to potential real estate acquisitions of all major property types • Assisted in the preliminary underwriting of potential real estate acquisitions using Argus and Excel. and analyzed bids from prospective buyers • Coordinated various parties of each project to ensure smooth deal execution. in Economics. managed junior analysts on projects. Developed underwriting assumptions for income and expense projections. and synergies analyses) • 22 transactions. General responsibilities included preparing property cash flow forecasts. organized and led due diligence sessions with prospective buyers. Created descriptive narrative of the proposed acquisition and prepared supporting exhibits (location maps. investigating Orange County real estate market and inspecting competitive properties Berkshire Capital Securities LLC (boutique investment bank specializing in mergers and acquisitions of financial institutions) New York. Interacted daily with client senior management to develop valuation analyses and selling memoranda. CA Brian A. CA 94709 (510) 868-0284 Brian. and served as daily contact with clients • In-depth knowledge of valuation modeling (discounted cash flow. Analyst (2000 – 2002) • Managed clients and potential buyers of and sellers to Berkshire clients.

CA 94704 (510) 334-4995 e-mail: juan_de_yturbe@haas. Languages: Fluent in Spanish and English. • Created roadshow materials for Pemex’ US$1. Mexico and ML’s Mexico and NYC offices. Mexico City. the largest bond ever issued by Pemex and the first perpetual bond issued by a non-financial institution in the world. Impacts of the 20th century wars on the Dow Jones Industrial Average. participated in creating valuation model and performed due diligence for SAB Miller’s acquisition of Cerveceria Bavaria.edu EDUCATION University of California at Berkeley Walter Haas School of Business Master of Business Administration Candidate. • Created valuation and leverage buyout model to analyze the best financial alternative for Comex to bid and fund the acquisition of Professional Paint Inc. surfing. Coordinated and led ML and client side in Investor and Rating Agency meetings. and ML offices in Mexico. sailing. Point person in all transaction activities. • Administer back office processes and look for new store sites. Mexico Analyst.berkeley.75bn perpetual bond issue. • Created financial model. NYC and Tokyo. • Created marketing materials for Pemex’s US$1. Traveled/presented with client on roadshow for US investors. Investment Banking • Produced the financial model and marketing materials for Inmobiliaria Fumisa’s US$245mm securitization of Mexico City’s International airport commercial spaces. conversational in French Interests: Biking. Investment Banking • Produced sections of the valuation model and roadshow presentation for Homex’s US$184mm initial public offering. international travel and golf ADDITIONAL . Mexico B. and Impact of Foreign Currency Exchange Movements on Mexican companies. Dippin’ Dots Franchise Mexico City. Coordinated work between the client’s office in Culiacan. Analyst. in Civil Engineering. Mexico Jr. 2003-2004 Jr. the first convertible bond by a Latin American issuer. Coordinated work among Pemex.4bn exchangeable bond issue. 205 Berkeley.Juan de Yturbe 2161 Allston Way Apt. • Developed marketing materials for pitch to SABMiller. Administrator • Formed a joint venture with Dippin’ Dots Mexico Master Franchise and opened three profitable stores. • Researched and produced reports on Mexico’s Automotive Industry. Founder. represented ML Mexico and ML NYC in negotiations with client. 2002-2003 Scotiabank Inverlat Casa de Bolsa Mexico City. Class of 2008 Universidad Iberoamericana. Mexico 2003-Present Owner. marketing materials for Corredor Sur’s US$150mm bond issue in Panama.S. a US paint manufacturer. Analyst – Equity and Economic Research Department • Developed a model using Visual Basic to create and analyze the performance of Investment Portfolios. June 2003 • Honorable Mention on Thesis Project EXPERIENCE 2004-2006 Merrill Lynch Mexico City.

Inc Denver.Product Management and Client Support • Modeled complex Asset Backed Securities including MBS. • Designed and managed the implementation of a web search and ordering interface and backend delivery system for nearly every VHS and DVD in print.Library Collections Support Software • Conceived business plan around assisting librarians to optimize video collections. • Managed bond portfolio software client relationships for banks with $4 . due diligence. and Section 8 deals • Managed acquisition of $8M (114 units) apartment complex including identification of investors. and International Travel 2001-2002 ADDITIONAL . CO Project Manager Acquisitions • Located and analyzed multi-family acquisition opportunities including market rate.edu EDUCATION University of California at Berkeley Walter Haas School of Business Master of Business Administration Candidate. • Managed the application process for LIHTCs for which the project was allocated the maximum allowable allocation of $11M. CA Financial Engineer . CO Founder and CEO . Interests: Hiking. CMBS. Squash. Wall Street Analytics. CA 94703 (720) 635-7376 jacob_heitler@haas. and closing process. May 2008 • Emphasis in Real Estate and Finance • Competitor in UT Real Estate Finance Challenge Yale University Bachelors in Applied Mathematics (concentration Computer Science). Camping. Golf. 1997 • Distinction in Major. including solo site visits. Section 42 tax credit. Ultimate Frisbee. construction and permanent debt. LLC Denver. Swing Dancing. Rock Climbing. requiring major audit of accounting system.$18 billion bond portfolios. HEITLER 2424 Spaulding Ave Berkeley.berkeley. Renovation Supervision & Asset/Property Management • Supervised capital improvements on multi-family product including $1M renovation of 56 units and various projects on a 145 unit loft style building. May 2000 • 1st Place in Yale Mechanical Design Studio Robotics Competition. and CDOs for both issuers and buyers. 2000 EXPERIENCE 2004-2006 Heitler Development. • Consulted in development process on architectural and engineering decisions.JACOB B. • Negotiated strategic partnerships with critical industry players and hired three computer programmers under a risk-sharing deferred payment plan. 2003-2004 Abacus Media. • Designed and implemented quality assurance program for portfolio software. and grants. Skiing/Boarding. Inc San Francisco. Yale Applied Mathematics Department. Juggling. Affordable Housing Development (Park Avenue HOPE VI) • Conducted financial planning for $22M (124 unit) mixed-income multi-family development with complex multi-layered financing including Low Income Housing Tax Credits (LIHTC). • Upgraded property management accounting software to Yardi Voyager. financial analysis.

a 256. and lines of credit. and closing of numerous credit facilities totaling over $350 million. executed.000 square feet.joseph@mba. including the world headquarters of Levi Strauss & Co. rollover risk. strategy implementation.berkeley. and 1. retail. Joseph 2003-2005 2002-2003 ADDITIONAL . and hospitality.6 million square feet of commercial real estate assets. market studies. Participated in the tactical evaluation of the Interland’s investment strategy. California) A real estate investment firm with over $850 million in real estate assets Asset Manager Executed financial analysis. Involved in all aspects of the management of 343 Sansome St. Haas School of Business Master of Business Administration Candidate. industrial. and budget development for 4. Evaluated capital expenditures. REITs. Haas Technology Club Member of the San Francisco Jewish Federation Building Committee (2004-present) Tufts University Swim Team (1998-2002) Joshua S. specializing in “California Comfort Food. and continually refined the business strategy for the restaurant Interland Corporation (San Mateo. interest coverage. Analyzed potential acquisitions and asset strategies.. and portfolio credit quality. Partner Opened the restaurant. Massachusetts) A division of Wells Fargo lending primarily to large funds. and increasing building occupancy from 79% to 98%. Developed the strategy for marketing the building’s available space. including: Supervised the local Property Manager and 3rd party management company to ensure congruence with Interland’s objectives. and seasoned private developers Real Estate Analyst Supported Relationship Managers in the expansion and management of an $800 million portfolio of construction and acquisition loans. and developed a 5-year capital improvement program. and appraisal reviews. subscription facilities.” on 6/20/06 Developed. including forming discounted cash flow and direct capitalization valuations. Negotiated ten leases totaling over 53. including analysis of leverage. #18 San Francisco. Real Estate Group (Boston. Created a construction cost analysis model in order to expedite the assessment of feasibility in lease negotiations. May 2002 EXPERIENCE 5/2006-9/2006 Restaurant James Randall (Los Gatos. providing future revenues of over $9. tenant credit analyses.985 square foot Class A office building in the San Francisco Central Business District. May 2007 Tufts University BA English cum laude and BA Child Development cum laude. CA 94103 650-773-5192 joshua.edu EDUCATION University of California at Berkeley Walter A. operation oversight. California) General Manager. negotiating. product type included office. multi-family. Completed annual customer financial reviews. basic knowledge of Japanese Activities: Berkeley Real Estate Club. Languages: Conversational in Spanish.4 million for the building.500 multifamily units. Assisted in underwriting. including the assessment of property dispositions totaling over $100 million. Wells Fargo Bank.520 Sixth Street.

Chicago .

University of Chicago .GSB Kristin Zimmerman Vineet Sekhsaria Sharon Zeng Jorge Zebadua Aaron Joseph Ayan Rai-Chaudhuri .

Wisconsin 09/94 . . Consulted the Lead Architect and contractors on design changes. Illinois 60607 tel.0450 e-mail: ajoseph@ChicagoGSB. Chicago. • Arcade Cafe. family portraits. worked with vendors and electrical contractors to realign project costs to available budget dollars. represented the client's interests in the field.02/01 • Administrative support for company president. Promoted new lighting design and analysis services both internally to upper management and to the company’s client base. Lead Lighting Engineer for a 70. • Assist in the production of deliverables in computer-aided drafting and document due diligence. • Project Management: Directed design teams.000+ square foot retail infill project. Lead Engineer for the overhaul of the lighting systems and design.: 312. Coordinated Construction Administration effort. Value Engineering. Ensured project compliance with local and national regulatory authorities and codes. ADDITIONAL INFORMATION • • • • The Urban Land Institute o Young Leaders Group Executive Committee . and facility managers on the electrical component of constructions projects.0450 fax: 312. and architectural interiors. Illinois Electrical Designer 06/01 . Illinois Master of Business Administration 09/06 .06/00 ENVIRONMENTAL SYSTEMS DESIGN. HINKLE ENGINEERING. African American MBA Association and Wine Club UNIVERSITY OF WISCONSIN Bachelor of Arts • Double major in History and Art History EXPERIENCE Madison.566. INC.Chicago District Council. • Construction Administration: Steered design projects through the construction phase. real estate developers. Real Estate Group. Managed the late stage of the project. JOSEPH UNIVERSITY OF CHICAGO GRADUATE SCHOOL OF BUSINESS Chicago. • Designed power distribution systems in commercial projects. Freelance photographer for Chicago-based start-up magazine Lumino. o Case Study and Tour and Leadership Exchange program Co-Chairs. The United States Green Building Council o Leadership in Energy and Environmental Design (LEED) Accredited in 2004. Made multiple tours to New York and London.566. • Pritzker Realty Headquarters. • Exhibited art work in gallery shows. • Implemented green building and energy efficient design principles in project design.801 South Wells Street.06/00 • Commissioned to photograph local sports teams. Illinois Communications Director 06/00 . Electrical Design. • Spertus Institute. • Led Lighting Design and Analysis initiative.edu EDUCATION AARON E. Chicago.06/08 • Recipient of the merit-based Rath fellowship • Anticipated Concentrations in Finance. served as resource for contractor. AARON JOSEPH PHOTOGRAPHY Madison. Wisconsin Freelance Photographer 06/99 . Representative Projects • Southgate Market. Long-time club DJ in Chicago. and Accounting • Investment Banking Group. INC. Economics. #1002 Chicago. balanced budget hours. weddings. and represented the firm to clients.03/06 • Consulted architects.

ADDITIONAL • • • • • • • Registered Architect: Council of Architecture. • Participated in two National award winning Design Competitions. IL June 2008 UNIVERSITY OF ILLINOIS AT CHICAGO Chicago.146 Louise Court. Reported schedule progress and project cost to client. IL Master of Architecture May 2002 • Awarded full merit tuition waiver for graduate studies • Affordable Housing Design featured in exhibition by the Chicago Housing Authority (CHA) at the Chicago Public Library SUSHANT SCHOOL OF ARCHITECTURE New Delhi. Associate Member: American Institute of Architects (AIA) Fluent in Bengali. AJOY CHOUDHURY ARCHITECTS New Delhi. Forecasted and monitored manpower needs. Concentrations in Finance and Entrepreneurship • Rath Foundation Scholarship Recipient Chicago.US Council for Architectural Registration Boards Interests include auto racing. INC. and determined man-hour requirements. traveling. • Worked as a part of team to develop new projects.edu AYAN RAI-CHAUDHURI EDUCATION UNIVERSITY OF CHICAGO. Debating and Painting competitions while representing college at intercollegiate events • Elected Treasurer for Student Council & Class Representative EXPERIENCE GILFILLAN CALLAHAN ARCHITECTS. IL Project Manager June 2002 – Aug 2006 • Supervised multi-functional teams of engineers. IL Architect Aug 2000 – May 2002 • Analyzed and managed building databases for space-utilization purposes • Assisted the Director in running space utilization reports and researched ratios to calculate space allocation per dollar of research revenue generated by college departments. Rolling Meadows. project costs and profitability. Monitored construction change orders in order to realize a project savings of $ 5MM. India Bachelor of Architecture December 1998 • Thesis Dissertation published in Institution Journal for Low-Cost Housing • Won Creative Writing. LEED Accredited Professional: US Green Bldg Council Member – Urban Land Institute. Created firm graphic standards and assisted principals in developing brand strategy DEPARTMENT OF SPACE PLANNING. India. IL 60191 (630) 595 6785 . Wood Dale. conversant in Hindi and Urdu Past Board Member: Society for Marketing Professional Services (SMPS) Past Board Member: University of Illinois Chicago Architecture Alumni Association Volunteer Mentor: ‘Intern Development Program’ . marketing strategies and implement emerging technologies. India Staff Architect Jan 1999 – July 2000 • Initiated and established firm standards for computer-based presentation techniques. • Coordinated public referendum campaign in order to raise $45MM of construction financing.araichau@chicagoGSB. UNIVERSITY OF ILLINOIS Chicago. GRADUATE SCHOOL OF BUSINESS Master of Business Administration. • Developed PR material and lead internal sales efforts. designers and contractors. music and chess . established project phasing. • Led project teams to design and produce construction documents on a $38MM construction project. • Negotiated contracts and service fees that defined scope of services.

and presented to CEO − Coordinated simultaneous efforts of cross-functional teams to identify $1. bed utilization increased by 10% • Rated top 5% of analyst class. OH Consultant. liaised with developers. VP of Finance at Student Credit Union ($2M in Assets) UNIVERSITY OF CAMBRIDGE Cambridge. Dean’s Honor List for all quarters. Concentrations in Finance and Strategic Management Sep 2005 .0400 • vsekhsar@ChicagoGSB. Member of the Inv. Cleveland. NY Summer Associate. Global Real Estate Investment Banking Jun 2006 . USA +1.Jun 2002 • Studied the post-independence (1950-90) economic policies in India and assessed the impact of privatization EXPERIENCE RED FORT CAPITAL ($300M India-focused Real Estate Private Equity) Mumbai.4B in cash generation opportunities • Designed a model to optimize surgery scheduling at a hospital’s 42-bed operating room. and industry dynamics to recommend the sale of a $940M consumer goods client − Led a team of three analysts to identify $60M in annual synergies by assessing buyer’s and seller’s operations − Presented findings to buyer. analyzed the $25M buyout of a nonoperational sea-facing hotel in Mumbai and its potential conversion to a premium extended-stay property LEHMAN BROTHERS New York. sourced primary comps. UK Additional undergraduate coursework in Economics and Public Policy Jan 2002 . conducted site visits.Jun 2004 • Advised one of the largest office REITs on strategic sourcing across their portfolio of Midwestern properties − Led negotiations with vendors to reduce 10% of property operating and repair/maintenance expenses • Assisted a Fortune 100 high-tech manufacturer to develop a turnaround strategy and avert bankruptcy − Forecasted free cash flow under various scenarios. OH Bachelor of Science in Business (Major: Economics. Mergers & Acquisitions Advisory Practice Jul 2004 . prepared detailed competitive analyses. SEKHSARIA EDUCATION ______ THE UNIVERSITY OF CHICAGO.Aug 2006 • Evaluated the feasibility of a $40M bridge equity investment in an apartment property portfolio. Magna Cum Laude.8 / 4. Selected to be an Admissions interviewer • Recipient of Deloitte Consulting Graduate School Fellowship. performed sensitivity analyses on operating metrics − Developed long-term growth and earnings projections alongside senior principals • Evaluated strategic options and recommended the divestiture of a distressed business unit for a $8B manufacturer − Assessed internal synergies and growth potential. Aspiring to break 95 in golf . IL 60615.Jun 2007 • GMAT : 750 (99th percentile). Aug 2002 . absorption rates and mortgage origination data. resulted in a successful sale and a 27% premium for client’s shareholders Business Analyst.5050 S. GRADUATE SCHOOL OF BUSINESS Chicago. Pitched investment to RE opportunity funds • Advised a financial sponsor on the LBO of a major resort operator. Apt. analyzed returns and promote structures under various scenarios. Banking & Private Equity Groups MIAMI UNIVERSITY Oxford.0. Drafted a committee memo outlining risks and considerations for underwriting $750M in deal financing • Performed an NAV analysis for 100+ office properties in the tri-state area for a sponsor-backed LBO of a large REIT DELOITTE CONSULTING Cleveland. Minor: Finance) Aug 1998 .edu VINEET J. defined portfolio strategy by working closely with senior executives − Conducted preliminary valuation for the successful sale of the business unit to financial sponsor • Analyzed business model. India Summer Associate Aug 2006 . Strategy & Operations Practice Summer 2001. IL Master of Business Administration. Lake Shore Drive.216. raised $11. Avid squash player. Build a bottom-up valuation model for a portfolio of 10+ properties.235. built detailed valuations models • Researched and built an investment thesis for extended-stay housing in India. profitability. Mentored new analysts on financial modeling.Sep 2006 • Evaluated over $45M in investments in residential condo development in Tier II cities.000 to support earthquake relief − President of Asha for Education. participated in analyst hiring decisions ADDITIONAL • Worked for 7 years with several non-profits to influence socio-economic development in India − Founded a college chapter of Association for India’s Development (AID).May 2005 • Selected by Deloitte’s COO to assist on the merger of four internal businesses aggregating $5B+ in revenues − Built DCF models to evaluate new investments.Jan 2002 • GPA 3. Conducted due diligence. 401 • Chicago. raised $50K+ annually to fund infrastructure for schools in rural India • Member of the Urban Land Institute. awarded full-tuition Academic Scholarship and Summer Scholar’s Research Grant • Recipient of the Dickinson Guiler Leadership award.

Financial Services Sector • • • • • • • Awarded the annual Top Consultant Knowledge Sharing Category Award for BCS Latin America against more than 100 people in Mexico’s BCS office.1999 .233 E. Inscribed in early 2006 by management team as an IBM Top Talent. scuba & soccer) • Community service in EUDES. Mexico City July 2004 . GRADUATE SCHOOL OF BUSINESS MBA Candidate Class of 2008– concentrations in Entrepreneurship.June 2008 Mexico City Oct.6/4. Graduated with Honors • • • Transferred in fourth semester from the National University (UNAM) High Academic Performance Program due to student strike (Aug.July 2004 INCA Construction Company Assistant to the Highway Construction Manager • • Led a team of 2 Jr. February 2002. 1999) Semester abroad in a student transfer program to Salamanca University. attended by more than 800 guests ranging from employees to Mexico’s Secretary of Communications and Transportation Mexico City March 2004 . Analytical Finance • • Recipient of the University of Chicago GSB Merit Based Scholarship Active member in the Real Estate group and the Investment Banking group. • Avid sports practitioner (Golf. Chicago. Wacker Drive.June 2006 Consultant. Participated in the Zaragoza –Tezuitlán Highway Construction and worked with Re-Insurers (Munich Re. GPA 3. 2001 . Mexico's National oil company. . a non profit.0. tenis. Mexico City July 2003 .edu EDUCATION JORGE ZEBADUA THE UNIVERSITY OF CHICAGO. 1997-Apr.May. Participated in the organization of the 2nd International Congress of Civil Engineering. French (Fluent) and English (Fluent). Received the Excellence Delivery Award for Engagement Work Participated in a strategic realignment of the IT in PEMEX.Sept. Industrial Sector • • July 2004 . Currently Project Manager. including communication with different NGO´s. leading a team of 4 people and satisfying client’s requirements. 2006 MARHNOS Assistant to the Chairman in Business Development Projects • • • Performed initial assessment of new construction projects. 2003 ITAM Executive Diploma in Finance & Accounting UNIVERSIDAD IBEROAMERICANA Bachelor in Science. 03 . Selected as Project Management Office Coordinator for the ALTEC (Santander Bank Group Technology Arm) Project GARRA and PGT. 04 Mexico City August.Sept. Coordinated the company’s 50th Anniversary commemorative events. Resolved fee conflict. and maintained public relations. Apt. Helped them evaluate a new possible location.1 MUSD) with ALTEC.concerned with helping HIV Patients. 2001 Chicago. Developed 10 MUSD of pipeline and generated new relations with several suppliers to engage the new opportunities.March 2004 ADDITIONAL • Trilingual: Spanish (native). MBIA) for the Certificates Emission of the Tribasa toll roads. Received new opportunity to renew contract for 2006 due to the good work. Civil Engineering. the largest insurance company in Mexico. Gave diverse presentations for the Chairman. IL 60601 Tel: (312)848-3159 e-mail: jzebadua@ChicagoGSB. sky. Won client service model project for Grupo Nacional Provincial (GNP). Nov 2002.May 2003. IL Sept 2006.July 2002 PR Coordinator in the Civil Engineering Students Association (SADIC-UIA). collecting 6 months worth of back payments from client.2002 EXPERIENCE IBM. Collaborated in the largest signing ever for financial services Mexico’s division ($4. Spain. Chosen as Proposal Team Leader for the Financial Services Sector in more than 10 Application Innovation Services (AIS) opportunities worth more than $5 MUSD. Analysts in the elaboration of quarterly financial reports of 7 toll roads and in the evaluation of possible road damage. BUSINESS CONSULTING SERVICES Consultant.

000 Sq/m. Buffett Club Chicago.Feb 2001 ADDITIONAL • Passionate real estate investor for over 4 years . Investment Banking Group. Apt #14A. Texas Pacific Group • Assisted in road shows with Goldman Sachs to raise $50M for the second largest IPO of 2001 on the Hang Seng Sales Manager – Government Institutional Sales Group Mar 2001 .Familiar with Argus Real Estate software analysis National swimming athlete: swim across the Yangtse River • . assisted local State Court and Morgan Stanley in acquiring NPLs(03’) . China Senior Manager .Business Development Jul 2001 . Zeng EDUCATION THE UNIVERSITY OF CHICAGO GRADUATE SCHOOL OF BUSINESS Master of Business Administration.Assisted Hines (China) in analysis of Real Estate in the residential market in 2nd-tier cities (03’) . follow-on funding and warrant transactions. China Jul 2000 .edu Mobile: HK (852)-6840. managed 40% of the National Tax Revenue ($320B) in 01’ • Motivated cross-functional teams to provide prompt technical and management support for the CTAIS system PRICEWATERHOUSECOOPERS LLP Consultant . top 3% of class. China Deputy General Manager – Business Development Aug 2003 .8/4. LENOVO GROUP (No.000 Sq.land-bank -$30M for A Utility company PANSKY SCIENCE & TECHNOLOGY GROUP (Leading IT Solution Provider in China) Beijing.0. Conducted management interviews as part of the due diligence process on various investment Selected life-deals: -$100M for A Real Estate and Construction Company over 1.Jun 2000 EXPERIENCE AIF CAPITAL (1 billion under management Pan-Asian private equity firms) Hong Kong Summer Associate – Private Equity June 2006 – Aug 2006 • Selected 6 projects of business plans from Pan-Asia deal flows before referring to investment officers • Evaluated strategic private equity investment for $30M in Energy company and performed market research and analysis to successfully convince the Investment Committee of deal merits • Identified unique investment opportunities in Alternative Energy sectors and thus improved the IRR from 12% to 30% and mitigated deal risk • Analyzed and directed variety of investment structures including initial capital outlays.(773) 860-8066 Sharon S.yd of land.Jul 2003 • Participated on the negotiation team.9766 / US 1.334. IL Jun 2007 SICHUAN UNIVERSITY Bachelor of Arts.1 IT distributor) Beijing.Jul 2001 • Established and maintained core relationship with the Chinese Ministry of Finance of the PRC • Successfully implemented tax system (CTAIS) to 20 provinces. recipient of Student Leadership and Best Graduate awards • Co-founder of Science & Technology Association of Sichuan University Sichuan.Mar 2005 • Negotiated $30M funding from The Carlyle Group -Built several DCF models used for defense analysis. Chicago. co-authored transaction documents and term sheets • Conducted buy-side valuation for a $20 million local business software provider -Completed comparable company analyses and premium analyses -Identified acquisition opportunities with a market value of up to $12M for company affiliate ZhongTian • Rotated through the Corporate Finance and Business Development departments -Performed due diligence to structure $5 million 3-revolving credit facility and a $16 million 2-year term loan DIGITAL CHINA.Personally acquired 24. IL 60615 szeng@ChicagoGSB. China Sep 1996 . deals resulted in $38M funding from GA Partners.Business Advisory and Assurance Division • Analyzed industry to identify comparable public companies • Assessed brand equity and market demand for an Enron acquisition target Chongqing. Analytic Finance and Accounting • GMAT: 750 • Membership: Venture Capital/Private Equity Club. presented strategic alternatives to company board -Participated in deal closings. and raw materials(05’) . International Trade • GPA 3.1607 East 50th Place.Assisted Lenovo Real Estate by creating a vendor building budget for developer.

including negotiating confidentiality agreements. basic knowledge of Italian and Russian Raleigh.edu EDUCATION THE UNIVERSITY OF CHICAGO. including deal origination. transaction structuring. IL Master of Business Administration September 2005 – June 2007 • Concentrations in Finance and Accounting • Selected as Investment Banking Group Co-Chair. multiple and sensitivity analyses to determine feasibility of proposed transactions − Researched the European real estate industry. tax optimization. financial modelling. • Interacted directly with clients. Resulted in Cherokee being selected as the preferred bidder for the sale of a major Italian oil refinery ADDITIONAL • • • Competed successfully for eight years as a professional rider through Grand Prix level on the American equestrian show jumping circuit. LLC Raleigh. IL 60615 (773) 330-8397. Elicited support from African leaders and senior governmental officials • Ranked top of peer group in annual review process two years in a row CHEROKEE INVESTMENT PARTNERS. ranked 1st of 4801 students • Employed full-time while attending university EXPERIENCE MORGAN STANLEY & CO. reviewing transaction contracts and managing the sell-side auction process CHEROKEE INTERNATIONAL SERVICES LIMITED London. Renegotiated the development plan and timeline to maximize return and minimize risk leading to an increase in site value of $15M • Organized a joint venture partnership with senior executives at Pirelli Real Estate to source and execute regeneration projects in Italy • Implemented on.and off-shore tax structuring mechanisms for general office and project-specific functions • Spearheaded efforts to investigate private sector investment opportunities in Africa. to redevelop a strategic disused property with a project cost of $100M. other advisors and counter-parties. GRADUATE SCHOOL OF BUSINESS Chicago. backpacking through Cambodia and exploring the ancient temples at Lalibela.0 GPA. negotiation with sellers/partners and investment recommendations directly to senior executives • Developed and recommended a strategic business plan adopted by company management for the expansion of the firm into new European markets. NC January 1997 – December 2002 KRISTIN ZIMMERMAN . NY Investment Banking Summer Associate June 2006 – August 2006 • Developed LBO/DCF models for the divestiture of a $16BN consumer products company • Prepared sales presentations for client coverage meetings and bake-offs. Coached numerous students to national championships Travelled in over 30 countries. Apt. Germany. New York.5140 South Hyde Park Blvd. 20C. analyzed competitors and identified niche markets • Chosen by the CEO to lead a team of senior executives to design a presentation to European corporations. INC. created and utilized financial models including IRR. NC Analyst July 2002 – December 2002 • Promoted to Analyst role prior to university graduation • Assessed numerous investment opportunities across North America and Europe − Collaborated with deal teams to carry out due diligence. legal analysis. Implemented country-specific initiatives and cultivated relationships with localized deal partners • Negotiated a unique public/private partnership with the City of Offenbach. kzimmerm@ChicagoGSB. including the restructuring proposal for a $1BN cross-border logistics company. Captain of the GSB’s National Real Estate Challenge Team NORTH CAROLINA STATE UNIVERSITY Bachelor of Arts in Political Science • Class Valedictorian with 4.. Ethiopia Conversant in German and French. UK Real estate opportunity fund with over $1BN under management January 2003 – June 2005 Senior Analyst (as of June 2004) / Analyst • Co-managed a 10-person team to close three transactions in Europe totalling over $50M of investment value − Supervised all aspects of due diligence and deal execution. Chicago. JV structure became company template for other transactions • Managed a high-profile UK development project with oversight of 18 team members and a total budget of $25M. Highlights include glacier heli-hiking in New Zealand.

Columbia .

Budgor Casey Mitchell Carpenter Jason Obenhaus Michael Ridloff Akbar Tajani Eric Tam .Columbia University Adam S.

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contracts. NY Summer Associate in the firm’s real estate investment banking and principal investing group. • Evaluated and structured opportunistic investment proposals for the repositioning of underperforming properties in strong markets and the construction of new properties in supply constrained markets. • Presented over $200 million in proposed equity investments and mezzanine loans to investment committee. blueprints. 1300 SAT Score/Top 5% of High School Class) • Academic Performance: 4. skiing. Dyna and Excel models. sponsor financial statements. surveys. 2006 MORGAN STANLEY REAL ESTATE. financial modeling (valuation/IRR projections utilizing Argus and Excel) and due diligence to support all investment decisions and sell vs. Barrett Honors College (Min. AZ Real Estate Analyst/Underwriter on deal team that closed nearly $1 billion in construction and acquisition loans for middle market commercial real estate developers and investors based in the Southwestern U.S. evaluated potential REIT acquisitions for MSREF. Real Estate Association (REA). Enjoy golfing. New York. NY MBA Candidate. • Complete all approval recommendations. leases. environmental and geotechnical reports. • Construct DCF/Direct Cap valuation models and make IRR/ROE projections utilizing ARGUS. and TILC projections as member of buy side advisory team in a $5 billion public to private MBO (over 1. • Responsible for sizing and structuring senior debt. Europe and Asia. site plans. hold analyses. and preferred equity for large individual assets and portfolios of assets that typically require future funding for re-positioning/lease-up. Pi Sigma Epsilon Professional Marketing Fraternity EXPERIENCE Present GE REAL ESTATE. and whole loan investments in the US. Strong interest in urban redevelopment and smart growth initiatives. including evaluation of third party reports. New York. CA Development/Acquisitions Associate with Bank of America affiliate that provides private equity and mezzanine debt for middle market commercial real estate developers and investors.000 properties). Co-Captain. RMBS. AZ BS Finance. . complex transactions. partnership agreements. defeasance analysis. • Tracked monthly leasing and economic performance of 20 to 30 properties. Investment Banking Division 2004-2005 Irvine. coordinate underwriting and closing functions for asset level financing and equity investments in large opportunity funds. conduct detailed market due diligence. mezzanine debt.0 Cumulative GPA (Summa Cum Laude/Dean’s List Every Semester) • Leadership: Elected to Vice President of Finance. including a $30 million equity proposal to acquire an apartment portfolio from a REIT.547 Riverside Drive #3C. produced internal market reports detailing underlying trends in leasing demand and new supply. prepared financial models and offering memoranda. NY Summer/School Year Associate with deal team that originates highly structured financing solutions for opportunity funds and other institutional clients involved in large. Real Estate and Finance • GMAT Score: 710 (96th Percentile) • Honors: Recipient of McCrea Scholarship for Outstanding Academic Leadership • Leadership: Co-President. Phoenix. • Performed comprehensive valuation (DCF) and return analyses for potential hotel acquisitions on behalf of Morgan Stanley Real Estate Funds (MSREF). TRISAIL CAPITAL CORPORATION / BANK OF AMERICA 2001-2004 BANK OF AMERICA.columbia. • Performed detailed property valuations (DCF/Income Capitalization) and sensitivity analyses to quantify loan sizing constraints (DSC/LTV). Arizona State University Tempe. Strategic Capital Group New York. • Assisted in capital raising activities for a $750 million private fund specializing in CMBS. • Completed detailed industry and market analysis. REA Case Competition Team 1997-2001 WP CAREY SCHOOL OF BUSINESS. NY 10027 • 480-326-6965 • CCarpenter07@gsb. wine tasting and international travel. • Drafted and presented quarterly performance reports for a portfolio of 10 to 15 commercial properties with an aggregate market value of approximately $300 million. potential debt service shortfalls and gaps in takeout financing.edu Casey Mitchell Carpenter EDUCATION 2005-2007 COLUMBIA BUSINESS SCHOOL New York. • Completed sub-portfolio valuations (DCF/Direct Cap). • Negotiated loan documents and reviewed construction budgets. Real Estate Banking Group ADDITIONAL INFORMATION Member of Urban Land Institute and Junior Achievement.

cash flow and earnings on a historical basis • Performed due diligence. Nashville.2005 1999 .columbia.2006 FIELDSTONE PRIVATE CAPITAL GROUP New York. NY 1999 . automotive.Real Estate Association GMAT: 750 (99th Percentile) New York. lodging and leisure sectors • Constructed and maintained models for approximately 50 companies comparing financial leverage.2002 2001 Austin.edu EDUCATION: 2006 – Present Jason Obenhaus. energy. TX ADDITIONAL INFORMATION: • Member of New York Society of Security Analysts • NASD Registered Representative • Basic understanding of Spanish • Enjoy community service. Dean’s List with High Honors F’01 EXPERIENCE: 2005 . TX 2003 . Investment Banking Club AVP of Finance . fixed charge coverage. financial analysis. terms negotiation. and golf . gaming. NY Associate As a member of a small investment banking team focused on Energy and Infrastructure project finance and Native American / First Nation economic development primarily in North America • Forecasted financial performance to assess debt carrying capacity and optimal capitalization of companies • Performed financial analysis and valued companies and securities • Wrote reports describing and evaluating investment opportunities in the primary market • Worked with bond salesmen and clients to research and model various secondary market opportunities for investment consideration SAMCO CAPITAL MARKETS New York. Apt. May 2003 Double Major: Economics and Engineering Science Minor: Management of Technology Dean’s List with Honors F’02. May 2008 Member: Real Estate Association.42 West 75th St. drafting and marketing of deals for investment banking team • Modeled various scenarios for asset backed securities JPI Multifamily Development Intern Staubach Company Intern Austin. TN SCHOOL OF ENGINEERING Bachelor of Science. Finance and Real Estate. NY 10023 917-750-1137 JObenhaus08@gsb. NY Analyst • Published research reports on the media. reading. 1B New York.2003 VANDERBILT UNIVERSITY. CFA COLUMBIA BUSINESS SCHOOL MBA Candidate. S’03.

competitive landscape and industry positioning • Monitored existing credit positions. and breakeven sensitivities • Performed corporate valuations via DCF.Catholic University of Leuven EXPERIENCE Summer New York. including asking rents. including tennis and golf . including asking rents. Real Estate Private Equity • Evaluated potential investments by analyzing market conditions.4 billion in transactions 2004-2005 New York. Concentrations in Finance and Management. development budgets. coordinated due diligence New York.edu EDUCATION 2005-2007 COLUMBIA BUSINESS SCHOOL New York. May 2007. NY EUROHYPO AG Associate. gaming and lodging.MICHAEL RIDLOFF 220 East 65th St. credit statistics. Japan and Germany). NY 10021 917-533-4558 Mridloff07@gsb. INC. Apt 12F New York. Financial Credit Analyst. NY BLACKROCK. 2005 and 2006 team to the McCombs Annual Real Estate Challenge). 2000 GPA: 3. cash flow projections. trading and transaction multiple analyses • Analyzed growth prospects. expenses. Private Equity and VC Club.. NY BEAR. High Yield and Leveraged Loan Portfolio Management • Responsible for over $750 million of securities in the homebuilding. Spring 1998) UPENN Credit Union –Credit Analyst Jewish Heritage Program’s Steering Committee Semester Abroad . absorption and vacancies • Performed site visits to evaluate asset quality. and .00. and reviewing purchase and sale agreements.columbia. PA THE WHARTON SCHOOL. and assessing market conditions. managed in-process transactions. absorption and vacancies. and pro forma impacts of potential transactions in preparing company presentations and committee memoranda 2002-2004 2000-2002 ADDITIONAL INFORMATION Proficient in ARGUS Conversational in Hebrew. T. and LTV and DSCR ratios. UNIVERSITY OF PENNSYLVANIA Bachelor of Science in Economics. consumer products and retail industries • Assessed company and industry profitability to develop top down and bottom up credit opinions • Evaluated company financials. capital expenses. financing options and financial returns • Conducted due diligence by performing site inspections. reading and sports.62/4. INC. NY O’CONNOR CAPITAL PARTNERS 2006 Associate.9 billion in transactions. basic knowledge of Spanish. Real Estate Investment Banking/CMBS Originations • Underwrote new investments by analyzing rent rolls. financing • Negotiated loan applications. interviewing local market brokers. German and Dutch Enjoy traveling (spent time with host families in Israel. earnouts. STEARNS & CO. Real Estate Finance 1996-2000 Philadelphia.A. and assisted in negotiations and conducted due diligence for over $1. loan documents. Magna Cum Laude Activities/Honors: Dean’s List (Fall 1997. business models. history. profit contribution. earnings forecasts. bridge loans. evaluated new bank loan and bond issues and generated secondary investment ideas including distressed credits New York. Concentrations in Real Estate and Finance. including mezzanine. and tenant leases • Analyzed over 2. NY MBA. Deans List (Spring 2006) GMAT: 710 (96th percentile) Leadership/Activities: Real Estate Association (VP of Site Tours. Financial Analyst. Aerospace & Defense/Technology Investment Banking Group • Built merger models to determine accretion/dilution. capital structure. competitive properties and market dynamics • Structured fixed and floating rate loans.

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Financial Services – Strategy • Received training in shareholder valuation analysis and competitor analysis • Wells Fargo: Reviewed mortgage lending credit practices and identified gaps in product and pricing offerings across different lines of business • Analyzed loan originations and servicing market data to identify specific areas of opportunity for market penetration.315 W. Project. resulting in $3B+ in potential loan volume • Other Clients: Providian (now Washington Mutual Card Services).columbia. NY MBA. Finance & Real Estate Concentration (Intended) Elected: AVP Mentorship – Real Estate Association. detailing $6. and Fitch reports. BERKELEY BA. consisting of 5 teams and 25+ dedicated resources • Analyzed post-acquisition wholesale loan fulfillment operations and developed and implemented streamlined processes across different branches • Other Clients: Assisted in deal shaping for Royal Bank of Canada. Financial Services . assisted in selling operations assessment and systems implementation consulting project. President – Lambda Phi Epsilon Delta Chapter Berkeley. PowerPoint. CA Manager. and Western Union Consultant. Private Equity & Venture Capital. and snowboarding . basketball. 82nd St. resulting in $100K+ revenue and 52% margin. Rugby Football GMAT: 730 (97th Percentile) 1996-2000 UNIVERSITY OF CALIFORNIA. TX Contractor. and developed scorecard for 400+ sellers for EMC Mortgage CEO and Bear Stearns executives 2001–2006 ACCENTURE San Francisco. National City.Genetics Alumni Scholar. Financial Services • Washington Mutual: Test lead and subject matter expert for mortgage lending calculations ADDITIONAL INFORMATION • Conversational in Mandarin and Cantonese Chinese • Proficient in MS Excel. New Century. Absa. and Visio • Interests include rugby. NY 10024 (415) 377-8650 etam08@gsb. outlining cumulative net cash flow of $41M and IRR of 63% due to productivity gains and cost savings • Led business architecture group.Strategy • Earned top 5% (“Exceptional”) rating of all consultants in financial services west client group • Bear Stearns: Developed target operating model for loan production and acquisition operations of bulk and flow channels • Accenture: Played critical role in developing post-closing business process outsourcing (“BPO”) asset • Created industry loan fulfillment cost model and developed BPO model showing savings of over 30% per closed loan file • Assisted in developing firm-wide credit fulfillment BPO strategy • 1st National Bank of Arizona: Sold market share analysis consulting project directly to Mortgage CEO of 1st National Bank of Arizona. #2A New York. CSAA Analyst.edu EDUCATION 2006–2008 COLUMBIA BUSINESS SCHOOL New York. Production & Acquisitions Operations • Identified profitability metrics of flow and bulk sellers of residential loans. resulting in $2M+ annual revenue and 48% margin • Analyzed alternative agency (“Alt-A”) industry utilizing MBA. CA ERIC TAM EXPERIENCE 2006 BEAR STEARNS Dallas. softball. AVP Finance – Greater China Society Member: Investment Banking. HMDA. Molecular and Cell Biology .8B in loan volume opportunities • Developed business case and sensitivity analysis for originations system implementation. Word.

Cornell .

Cornell University Andrew Chiao Michael Cook Matt Holzemer Daniel Lentz Reza Tabatabai Ben Weissbourd .

Andrew Chiao  123 S. A.. CA 4/02-4/04 EMG Quality & Reliability Engineer Madison 9M Burn-In Owner • Debugged for errors and managed the entire product life cycle. • Reviewed artwork designs.S. • Trained my direct report to assume this position upon my promotion to Montecito Burn-In Owner. in Business Administration California State Polytechnic University.S.com Education Cornell University • M. in Chemical Engineering 05/07 12/01 6/99 Publications Projects A. Test Development (TD). • Lead a team of six employees and leverage resources across Intel partner organizations. • Worked with lead Design & Manufacturing engineers and delivered the Burn-In test patterns on time and without issues. serial comparator. • Designed the microprocessor’s Burn-In solution and managed communications with various Intel partner organizations including Design (DE). and Product Development Engineering (PDE) • Developed Burn-In test patterns and created the hardware infrastructure to support the new product. S. Quarry St. • Trained my eventual replacement upon my promotion to Montecito Quality and Reliability Program Manager. and a BCD to binary converter • Java: Designed a multi-threaded clock application that displayed the time in analog and digital at the same time utilizing double buffering Intel Corporation. • Designed the Burn-In test patterns and recommended necessary hardware changes for the new Itanium2 microprocessor. perform validation experiments. Yang. in Electrical Engineering (Computer Engineering Option) University of California Los Angeles (UCLA) • B. Pomona • M. T. CA 4/04-Current EMG Senior Quality & Reliability Engineer Montecito Quality & Reliability Program Manager • Manage the quality and reliability function of the Montecito Program Lifecycle (PLC) from the Initiation/Planning phase through the Validation/Sustaining phase. Padin and R. J. • Persuaded senior management to boost the Burn-In oven’s power capacity increasing yields by 20%. Montecito Burn-In Owner • Developed all hardware and software components to deliver robust manufacturing capability and meet Intel's quality requirements. and audit design methodologies. Work Experience . Jayaraman. serial carry save adder (CSA). Chiao." submitted to Separation Sciences and Technology CalPoly Pomona • Thesis: Designed a 32-bit RISC CPU utilizing the Tomasulo Algorithm • Verilog: Designed a single cycle and pipelined CPU. tested initial revisions. Ithaca. NY 14850 Tel:(408)802-6302 andrewchiao@gmail. Santa Clara. • Forecast component degradation. Santa Clara. serial binary to BCD converter. Intel Corporation. and redid the design several times until the hardware worked properly. "Kinetic Separation of Methane/Carbon Dioxide by Molecular Sieve Carbons.S. • Prioritize group objectives and serve as the single point of contact solving complex technical challenges in tight time frames while ensuring quality and reliability goals are met • Meet regularly with senior management to identify concerns and review progress. and an excess-3 adder/subtractor • VHDL: Designed a multi-state traffic light controller. divider using successive subtraction.

VHDL. • Gathered data. Intel Corporation. Excel. • Managed engineers located in Penang. and mentored subordinates. HTML Licensed California Department Real Estate Broker California Association of Realtors (CAR) National Association of Realtors (NAR) West San Gabriel Valley Association of Realtors (WSGVAR) Bayeast Association of Realtors U. Motorola 68HC11/Intel 80x86 Assembly Language. improving yields by 33% and reducing Burn-In stress time by 25% saving the corporation millions of dollars in manufacturing costs. References available upon request Personal .S.Madison Burn-In Owner • Debugged errors resulting from Burn-In stress tests and identified solutions.000 in annual earnings. CA 9/01-12/02 CEO • Founded an e-commerce website to sell aftermarket automotive performance parts. • Coordinated schedules. and Los Angeles. negotiated contracts with subcontractors. C/C++. • Trained my replacement upon my promotion to Madison 9M Burn-In Owner. • Set record for high sale price in Arcadia. researched suitable materials. Skills • • • Affiliations • • • • • Fluent in Chinese (Mandarin) and conversant in Spanish Verilog.2M. DGI Motorports. Citizen. CA 5/02-Current CEO • Founded my own realty company to buy/sell homes for clients as well as transact my own investments. Santa Clara. • Exclusive Listing Broker for a 3-unit townhouse project worth $1. • Delegated tasks and managed team of 10 workers. • Wrote many programs utilizing the Perl language to automate the identification of failing locations used by many Intel organizations. • Acquired over $2 million worth of assets located in Las Vegas.3M. South El Monte. • Worked with the architect and suppliers to implement design changes such as indoor/outdoor window trims.8M. • Project won the Arcadia Beautiful Award (Jerry Broadwell Firefighter Award) for best new housing development in June 2001. • Set up 5 distributor and dealer accounts with all the major manufacturers. CA 6/01-4/02 Fault Isolation Engineer Graduate Intern • Debugged microprocessor failures on both the Pentium 4 (Willamette) and the Itanium microprocessors (McKinley). PowerPoint. NCK Development. Microsoft Windows 95/98/NT/2000/XP. Malaysia. Unix. Perl. • Marketed the website through online forums and other specialty web sites selling parts to people all over the United States and Canada. Fortran. applied for building permits and variances. CA 7/99-6/01 Project Manager • Led an 8-unit townhouse project worth $3. • Led a luxury custom home project worth $1. San Gabriel/San Jose. • Expanded my technical expertise through using Intel-specific schematic and layout CAD tools. and bathroom designs. Entrepreneurial Experience Accord Realty. • Supervised the general contractor and various subcontractors. reviewed results. El Monte. Word. Java. San Francisco. • Traveled to Japan to identify sources for performance wheels. and met with city inspectors. ceiling treatments. • Grossed $20.

Ithaca. Leveraged Buyout. Johnson Graduate School of Management Ithaca. NY Master of Business Administration. NY 2005-2006 • Mentor-Triple IQ Investment Club and undergraduate minority business students.Full tuition award based on leadership. which resulted in 13 new promotions and $2 million in incremental sales • Lead minority recruiting effort for Procter & Gamble at Cornell resulting in two hires Future Leaders Program for employees expected to move into Senior Management (2005). California.Consulting Management Projects. CA 2002-2004 • Diamond Council of America. Hotel Strategy.Certified Diamondologist. IL 1998-2004 • Semi-Professional Volleyball.2531 Clara Dickson. and Kmart specific software • Established best practices for display analysis by retooling Kmart’s display analysis Excel template. Chicago. or Venture Capital investment based on Value at Risk • Evaluated potential strategic acquisitions of hedge funds and private equity funds • Presented strategic and financial analysis directly to the CEO • Created a revenue model to forecast the growth of all Bear Stearns Asset Management funds • Worked with CEO to develop a gap analysis and an acquisition plan to meet future growth targets • Shadowed CEO to better understand the process of deal generation. which became one of Procter & Gamble’s Current Best Approaches to ad analysis • Led a team of six trainers to train 35 people in Excel skills. NY Bachelor of Science. May 2002 President & Founder of the first minority investment club BEAR STEARNS ASSET MANAGEMENT New York City.edu Education CORNELL UNIVERSITY. and sold in 40 incremental items • Created a method to analyze corporate events and presented analysis to the Vice President of merchandising. despite significant decline in Kmart customer base and category sales post bankruptcy • Produced a new Excel based ad tracking database and analysis tool. Tom O’ Brian Top 10% Performer Award (2004). NY 14853 607-592-9520 mc140@cornell.Four Year Intern and Manager of two interns. MI Category Development Account Executive • Managed $50 million in Procter & Gamble Cosmetics sales at Kmart • Increased display sales 39% over goal and shipments 10% over goal.71 President. and Virginia • Managed four contractors to rehab three houses • Developed and presented a business plan to a small investment group to successfully raise $10. Ithaca. Kmart Team SOAR award for outstanding performance (2005). representing 50% of Procter & Gamble sales at Longs Drug stores • Increased shipments by 35% over goal.Associate Real Estate Club (82 members) President. academic  achievement.Volleyball Club (15 members) Real Estate Case Competition Team Member Dean’s Fellowship Recipient. Ithaca.000 THE PROCTER & GAMBLE COMPANY Troy. data analysis. flow. NY Private Equity Summer Intern • Developed a plan to measure the risk of a Real Estate. San Francisco CA 2003-Present MICHAEL COOK Experience Summer 2006 2004-2005 2002-2005 Awards Personal . First person promoted in hiring class (2004). NY 2006-Present • INROADS Member. CA Account Manager • Accountable for $20 million in sales. and execution COOK ENTERPRISES Grosse Pointe Woods.Middle Hitter. Baby Care Award for largest growth at a customer (2004) • Integrated Properties. sales by 24%. enabling Procter & Gamble to become the Category Captain for cosmetics at Kmart THE PROCTER & GAMBLE COMPANY San Ramon. May 2007 GPA: 3. San Francisco.000 in profitable projects • Bought and sold four residential properties for a profit in Michigan. and community service  Teaching Assistant.Volunteer Special Projects Intern. MI Private Real Estate Investment Firm • Constructed a valuation model based on Discounted Cash Flows and replacement cost to determine rehabilitation profitability resulting in over $400. and Excel Skills CORNELL UNIVERSITY Ithaca.

NAHB Real Estate Competition Experience Summer. NY 14850 m: 646-753-0843. Berkeley Contractor Development Program UNIVERSITY of WASHINGTON Seattle. evaluated how to apply green building strategies on an affordable live-work project. negotiation and contracting of $4. developed auditing process to ensure contract balances were correct ARTSPACE. Ithaca. UK Construction Logistics Consultant • Led consulting team charged to reduce work stoppages due to lack of critical materials. Urban Development Group Seattle. www. Real Estate Career Advisor UNIVERSITY OF CALIFORNIA at BERKELEY Berkeley. May 2000 Full scholarship. CA Master of Civil Engineering: Construction Engineering and Management. rowing. Urban Division. architectural and life drawing 2002-2004 2000-2002 Personal . WA Bachelor of Science: Construction Management. Willard Way. conducted property due diligence. Dean’s List. presented potential projects to senior management. supervised design team of 7. Johnson Graduate School of Management Ithaca. negotiated purchase and sale agreements • Developed new mixed-use financial model and conceptual cost estimating database. WA Project Manager • Led team of 15 design consultants and direct report field staff to achieve construction budget and schedule goals for $14MM urban mixed-use loft condominium project • Generated 10% savings against budget through bidding. e: mwh36@cornell.com Education CORNELL UNIVERSITY. Phi Kappa Sigma Fraternity.000+ site deliveries • Increased site piling installation 50% to achieve a critical schedule milestone by supervising organizational and “lean” pile-factory floor improvements • Reduced drawing lead time on $1B Civils phase 85% with positive impact on project schedule by analyzing design process and implementing an innovative 3D design system CONNER HOMES COMPANY. NY • Launched sustainable building initiative. speak basic French. ULI Hines Urban Design Competition. crafted marketable units and retail space • Located new development opportunities. worked with local groups and media to mitigate neighbors’ concerns • Achieved aggressive design and entitlements schedule milestones for $36MM urban mixed-use project. WA Development Manager • Led $18MM urban mixed-use project to profitability by obtaining City zoning variances. concentration in real estate finance Kenneth M Good Fellow. May 2007.9MM of design and construction services BAA & STRATEGIC PROJECT SOLUTIONS.edu.5MM 2004-2005 MURRAY FRANKLYN. June 1999. concentration in architecture President Sigma Lambda Chi Honors Society. Real Estate Club: led first-ever club trek. Naval Square Project Philadelphia. Non-Profit Real Estate Developer for the Arts. Director. $8B Heathrow T5 Project London. PA • Oversaw legal assignment of subcontracts worth $60MM to Toll Brothers after General Contractor was fired. Vice President. PS 109 Project New York. prepared market analysis and detailed construction cost estimates ULI Young Leader. submitting for green subsidies worth up to $2.mattholzemer. enjoy travel. rolled-out Internet-enabled procurement system used to execute 4. held public meetings. Vice President. UT Austin Goldman Sachs Real Estate Finance Case Competition. 2006 TOLL BROTHERS. Urban Development Group Seattle.MATTHEW HOLZEMER 223 N. Published research. NY Master of Business Administration. taught skiing to disabled children with “Ski-for-All”. Skiing Club.

Q1 2003 • • • • Youth group leader and volunteer soccer coach with inner-city youth in Trenton. developed. leasing. Top 5% Achiever: 2003 • Dell Northeast Acquisition “Account Executive of the Year”: 2003 • Dell Northeast Acquisition “Account Executive of the Quarter”: Q4 2005. National Real Estate Challenge Team (case competition) Roy H. TX • Processed. title companies. Global Account Manager / Account Executive Austin. TX • Managed 250-unit mini-storage property • Responsible for lead generation. INC. raising property value and sale price for owner • Dell “Circle of Excellence” Winner. NY DANIEL LENTZ Master of Professional Studies in Real Estate. accounting. and rent roll management • Increased occupancy rate by over 30% in three-months preceding property sale. Finance. NY • Promoted five times in six years and commended for leadership and consistent performance under pressure. academic achievement. articulated contract offers through formal negotiations and presentations • Created and analyzed clients’ pro-forma profit and loss statements with finance team • Coordinated global. multi-functional teams of up to 20 members to acquire and maintain long-term purchasing relationships with clients 1998-1999 NATIONWIDE MORTGAGE. insurance agents. NJ Founder of volunteer organization pairing undergraduate mentors with at-risk youth in Austin. TX Spent summer of 1997 serving in various volunteer organizations in inner-city New York Ithaca Homeless and Housing Task Force. TX Bachelor of Business Administration. Ithaca. NY 14850 607-351-7812 dyl9@cornell. account-specific. December 1999 Austin. TX & New York. May 2009 Concentration: Real Estate Finance Clubs: Associate Real Estate Council.215 Center St. contracts estimated at over $75 million • Managed $20-30 million in annual revenues across Dell’s entire suite of products and services • Achieved over 110% average annual attainment against multi-million dollar quotas. realtors. and closed new business with Fortune 500 corporations. coordinated.edu Education CORNELL UNIVERSITY Program in Real Estate Ithaca. quotas increased up to 175% per year • Composed and structured bid proposals. INC. Park Leadership Fellow: Two-year full tuition fellowship award based on leadership ability. and commitment to community service Johnson Graduate School of Management THE UNIVERSITY OF TEXAS AT AUSTIN McCombs School of Business Experience 2000-2006 DELL. and closed approximately $15 million in residential mortgages per year • Organized efforts of lenders. May 2009 Concentration: Real Estate Development & Management Master of Business Administration. Property Manager Austin. exceeded 100% annual attainment five out of six years at Dell • Generated. volunteer Awards Personal . and appraisers in nearly 50 transactions to ensure timely closing and funds distribution 1998 BARGE PROPERTY MANAGEMENT CORP. Loan Closing Coordinator Austin.

State.452. NY Financial Service Intern • Analyzed capitalization of loan fund exceeding $25MM and portfolio of credit facilities in excess of $20MM. • Continually completed each project in strict compliance with Federal. Cornell Team Member • 2006 Graduate Assistant: Principles of Real Estate University of California Santa Barbara.edu EDUCATION: Cornell University Ithaca. CA • Bachelor of Arts in Environmental Studies. CAYUGA RD · ITHACA. and City mandated timeframes and guidelines. June 2000 • Outside Concentration in Religious Studies EMPLOYMENT: 06/0608/06 Seedco Financial Services New York. City of Santa Monica Santa Monica.8591 · EMAIL: rt79@cornell. • Developed pricing model. • Developed financial models and tools that were utilized in launching new loan fund program. NY 14850. portfolio analysis. GPA 3. • Officiated City’s Architectural Review Board bi-monthly public meetings. CELL: 805. Master of Professional Studies in Real Estate. and capitalization analysis for new $2MM revolving loan fund. CA Planner II • Assigned as project manager for up to 40 development projects at one time • Completed comprehensive site analysis and analysis of environmental and geological resources for projects. County of Santa Barbara Santa Barbara. Computer: Travel: MS Office suite. • Modeled financial statements. successfully directing up to 30 projects during the length of the entitlement process. CA Associate Planner • Acted as project manager.REZA TABATABAI 418 N.9/4. May 2007 • Concentration in Investment.0 • 2005 National Real Estate Finance Challenge. servicing standard for real estate credit facilities and portfolio management reports as part of $50MM investment proposal due diligence package.000 square foot office building and a 120 acre subdivision. NY • Candidate. Classroom exposure to Argus and @ Risk Europe (Summer 2000). • Completed Negative Declarations and Initial Studies on a new 27. Asia (Spring 2005) 04/0305/05 11/0004/03 PERSONAL: .

Ithaca. LLP Seattle. Sequoia YMCA 2001-2004 Personal . shareholder segmentation. CA Associate/Senior Associate. CA Assistant Fund Manager • Managed asset allocation for an actively traded portfolio invested across multiple asset classes.edu Education CORNELL UNIVERSITY. 6K. achievement. Old Ezra Finance Club.7% • • • • • Coro Northern California Community Leadership Program Alum Extensive research and writing experience. analyst perception and technical analysis studies to senior management of publicly traded technology clients. Flyfish Stanford Volunteer Basketball Coach. including Fortune 50 companies • Led a team responsible for Thomson’s CAS expansion into the Chinese ADR market.5M • Researched domestic and international real estate markets. Johnson Graduate School of Management Master of Business Administration. and detailed specific market risks • Outperformed the S&P 500 each calendar year. and community service Real Estate Finance Concentration Associate Real Estate Council. average out performance of 7. increased market presence by 50% • Wrote and taught training sessions to fifty-person classes of new hires in San Francisco. History with Honors. CA Bachelor of Arts.100 Fairview Square. June 2003 Nominated for the history department thesis prize and received high honors distinction Experience 2004-2006 THOMSON FINANCIAL San Francisco. NY BENJAMIN WEISSBOURD STANFORD UNIVERSITY Stanford. Founder and President. expected May 2008 Roy H. Corporate Advisory Services (CAS) • Presented findings of corporate action. recommended buy and sell timelines. Park Leadership Fellow: two year full tuition fellowship awarded based on leadership. including producing 100 page thesis Peer Advising Associate. Stanford Undergraduate Advising Center Avid fly fisherman. Chicago and New York • Received Thomson Outstanding Performers Platinum Award for superior client service and 100% client retention rate • Received a firm-wide Best Practices Award for developing the Technology BullBear Report analyzing multi-billion dollar asset flows in the technology sector • First in my hiring class promoted from Associate to Senior Associate (10 months) DUN PARTNERSHIP. including fixed income and real estate • Responsible for REIT and private real estate due diligence on deals of up to $1. NY 14850 206-718-0882 | bjw46@cornell. Apt. Basketball Club Ithaca. WA & San Francisco.

Darden .

Lee Michael Jayson Lipsey Brian Todd Mathis . Ellis Jr.University of Virginia – Darden Richard H. Jeffrey Eason Galanti Patrick Clifford Graney IV Brandon M.

credit authorization. and sales presentations. Belvedere Vodka. Human & Organizational Development major. • Designed and implemented new “Frequency Discount Program” which resulted in additional revenue of $450K from the category’s ten core accounts in six-month period. VA Land development and custom homebuilding company operating in the Washington. Land Acquisition • Evaluated land acquisition opportunities through pro-forma cash flow analysis. May 2007 • Member of Real Estate Club and Marketing Club. DC area for over fifty years. Inc. Fairfax. • Prepared in-depth financial analysis and market data to guide the renegotiation of several large land option contracts totaling roughly $200MM in contract value. exceeding goal by $850K. lot price valuation. ELLIS JR. • Avid golfer and sports enthusiast. • Developed market research reports and cash flow analysis for four potential land acquisitions with total value of $25MM. Business Roundtable.virginia. 2005 2001-2005 ADDITIONAL INFORMATION • Member of Urban Land Institute. VA Large public homebuilding and mortgage company with market capitalization of roughly $3B. and law firms. Leadership • Increased revenue from 65% to 139% of quota in nine-month period. • Elected Vice President of sixty-five-member Zeta Beta Tau fraternity (1999-2000). • Developed 16-county Market Analysis Report forecasting annual entitlements and market share expectations for NVR subsidiaries Ryan Homes and NV Homes. • Presented sales forecasts and strategic recommendations monthly and annually to company’s Management Committee. VA Advertising Sales Representative Management • Managed Advertising Department's $5. Strategy • Appointed to head committee of five charged with developing a strategy for introducing a new golf advertising section which launched successfully in April 2005. Yeonas & Ellis. • Volunteer for Our Kids. pricing strategies.edu EDUCATION Darden Graduate School of Business Administration University of Virginia Candidate for Master of Business Administration. resulting in annual net revenues of $950K in 2002 and exceeding sales goals for each account. May 2001 • Minor in Business Administration. • Developed advertising proposals. • Youth basketball coach for McLean Youth Basketball (2002-2004). and production processes. VA 22903 • (703) 655-8738 • EllisR07@darden.2MM legal category. Business Development/Marketing Associate • Assisted in creation of marketing plan for Spring Hill Farms (a new home community featured in Southern Accents magazine). VA Vanderbilt University Nashville. • Negotiated land acquisitions and new home sales as part of supporting team to firms’ principals. Report will be used by CFO and Corporate Planning Division to set five-year lot acquisition and market share goals.RICHARD H. LLC McLean. corporations. and deal structure determination. • Led outside sales calls and gave presentations to advertising agencies. . a non-profit assisting sexually abused children (1998-2001). • Directed Ruth's Chris Steakhouse. • Oversaw accounts receivable. USA TODAY McLean. Summer Associate. TN Bachelor of Science. 134-05 Ivy Drive • Charlottesville. Charlottesville. EXPERIENCE Summer 2006 NVR. and Popeyes accounts. site feasibility assessment.

Project Engineer • Established new system for tracking profitability on $3 million to $10 million projects • Personally set schedule.W.edu EDUCATION Darden Graduate School of Business Administration University of Virginia Candidate for Master of Business Administration. VA and Virginia Beach.Civil Engineering. tools and equipment • Enforced subcontractors’ adherence to construction schedules and to the specific subcontract requirements • Coordinated with project managers to reduce project costs through sharing of assets such as excess materials. VA 22903 • 434-825-1905 • galantij07@darden. VA School of Engineering and Applied Science Charlottesville. Richmond. tax status.virginia. reusable equipment and tools PERSONAL • • Proficient in Spanish Avid runner and biker Charlottesville. VA Local developer responsible for many large-scale developments in the Charlottesville and Albemarle County markets. easements and other relevant development criteria • Negotiated with relevant government officials on items ranging from tax credits to zoning rights Century Concrete. VA Commercial concrete contractor specializing in large-scale projects such as shopping malls. August 2002 • Worked as a Graduate Research Assistant in the Smart Travel Laboratory. Hurt Contractors and Virginia Land Company Charlottesville. VA 2002-2005 . May 2001 • Member of Chi Epsilon Civil Engineering honors fraternity EXPERIENCE Summer 2006 C. bought materials and negotiated with general contractors on an urban renovation project that achieved 38% gross profit • Set and managed conformance to schedule requirements for various simultaneous projects • Tracked project spending and budget constraints. a Virginia Department of Transportation research laboratory School of Engineering and Applied Science University of Virginia Bachelor of Science .Systems Engineering. warehouses and military facilities.JEFFREY EASON GALANTI 437 Moseley Drive • Charlottesville. May 2007 • GMAT Score: 720 • Member – Darden Real Estate Club • Member – Darden General Management and Operations Club • Mentor – Darden Career Services Mentoring Program Charlottesville. retail stores. • Created and analyzed new concepts for existing company properties • Ran feasibility analyses using pro formas and other valuation techniques • Worked with landowners to discuss terms for acquisitions of new parcels • Conducted research on properties to determine division rights. Inc. VA University of Virginia Masters of Engineering . making corrections where necessary in manpower and resource allocation • Made purchasing decisions relating to construction materials.

Tax Analysts. Distribution / C-Store Operations Charleston. Bryan Cave LLP. Private Equity Club. Entrepreneurial and Venture Capital Club.2 million in revenue • Key clients included Bank of America. Inc. 1999. acquisitions and additional revenue and cost cutting opportunities • Created a “retained gallons” acquisition model to assist CEO in determining value.Green Party Youth Lacrosse Coach: 1998. divestitures. May 2000 • Member: Zeta Psi Fraternity. VA University of Virginia Candidate for Master of Business Administration. Corporate Advisory Services Group General Achievements • Executed 53 transactions valued in excess of $182. American Postal Workers Union and The College Board Project Management • Managed several teams of architects. TX • Membership: Real Estate Club. 2002. targeted and contacted specific high potential prospective clients • Developed network throughout the real estate community to acquire insight on the market. 2003 & 2004 Runner for NBC during the 2000 Summer Olympic Games in Sydney. vendors and potential client and employee prospects • Negotiated profitable fee arrangements with clients and client’s vendors • Created flexible map marketing tool with vendor to assist in winning and implementing business • Authored several RFP proposals for department resulting in significant business • Organized several successful client entertainment events to strengthen relationships Client Service • Analyzed and presented detailed economic. competitors. lawyers. employees and the general public for the hospital’s courtyard renovation Marketing / Business Development • Identified.5 million for 36 clients resulting in $4. return on investment and negotiation strategy for a potential acquisition of a competitor Trammell Crow Company (TCC) Commercial Real Estate Washington. MD. DC Associate. VA Petroleum Products. member of the Architectural Review Committee 2001 . Outdoors Club University of Virginia Bachelor of Arts in History. / One Stop.2005 OTHER . vendors. Eli Banana Ribbon Society EXPERIENCE 2006 Charlottesville. Inc. market and building related issues to clients • Served as key contact for clients and prospects before.PATRICK CLIFFORD GRANEY IV 1026 Huntwood Lane • Charlottesville.000 from clients. competitors. Jackson Kelly. Strategic Planning & Finance • Developed comprehensive strategic planning and sensitivity forecasting model for convenience store chain with 45+ locations throughout West Virginia • Recommended. Finance Club. WV Intern. during and after the transaction process • Negotiated lease and sale letters of intent and contracts • • • • • • House Captain for Darden’s Christmas in April community service project Maintain Real Estate License in DC.virginia. modeled and outlined key strategic planning initiatives for the chain including store rebuilds. 2000. American Express.edu EDUCATION Darden Graduate School of Business Administration Charlottesville. construction managers and brokers to complete client transactions • Spearheaded Washington Hospital Center Fundraising Committee raising $50. WV UVA Class of 2000 Five Year Reunion Fundraising Committee . May 2007 • Selected as the sole First Year student to represent Darden in the 4th Annual Real Estate Challenge at the McCombs School of Business in Austin. VA. Australia Hatchery Run Homeowners Association – Chairman of the Fishery Committee. VA 22901 • (703) 786-9648 • GraneyP07@darden.

5M annual budget. (1996-1998). Salt Lake City. • Performed financial analysis and gave determinations on several potential land acquisitions. Audit • Supervised engagement teams on projects covering range of both industries and company size and effectively completed all client engagements on time and on budget. and extreme jeep driving. • Negotiated with ARMY Corp of Engineers to obtain extremely favorable ratios for wetland mitigation which increased expected profits by $200. Montigen Pharmaceuticals. VA 22932 • 434-806-4013 • LeeB07@darden.com Norwalk. skiing. • Elected as Outreach Representative. which expected to generate 25% increase ($250. • Crozet. Boy Scouts of America. DC Senior Associate. public relations. which led to the attraction of potential acquirers by demonstrating high operating efficiencies with limited resources. enjoy soccer. supervising over 180 full-time volunteers. CT Intern . • Researched numerous technical accounting standards and ensured proper application for clients. member of Consulting Club. • Negotiated discounts on contracts with outsourced service providers resulting in thousands of dollars of cost savings. Salt Lake City. resulting in formulation of a rewards program for Priceline customers. • Performed in top tier of my peers in annual efficiency for two continuous years. Play saxophone and piano. • • • • Certified Public Accountant. our largest partner. Inc. Washington D. • Created marketing material for a $10.Adaptive Marketing Team • Developed retention and activation strategy for Discover Card. UT Bachelor of Science in Accounting. ensured efficient usage of limited resources enabling the company to accurately plan the development strategy. Eagle Scout. 2003-2005 2001-2003 2000 PERSONAL . • Saved company thousands of dollars in overhead by performing multifunctional responsibilities including human resources.BRANDON M. Inc.Land Acquisition and Development • Negotiated and executed acquisition of four parcels of land as part of an assemblage for a 200-acre community development. • Analyzed competitive landscape of major Loyalty/Rewards Programs by identifying successful practices and current trends. Student Alumni Association – Selected as one of six for full-tuition leadership scholarship • Created and led program that tripled student contribution rate to university endowment to over 22%. • Instrumental in charting and implementing the strategic direction of the company. Volunteer Scoutmaster (2001-2004). UT Oncology-focused R&D drug discovery and development start-up Chief Financial Officer • Raised $1M of $5M Series A financing round through several persuasive presentations to potential investors and by leveraging relationships. VA University of Virginia Candidate for Master of Business Administration. Priceline.edu EDUCATION Darden Graduate School of Business Administration Charlottesville. May 2007 • Elected VP of Real Estate and Entrepreneur and Venture Capital Clubs. • Managed $2. enabling the company to continue operations and escalate the development of its two lead compounds.C. Regional Mission Leader.000) in revenue per month. EXPERIENCE Summer 2006 Woodside Homes.5M investment offering of prime residential development. LEE 5440 Hilltop St. and general counsel. Christmas in April House Captain Brigham Young University Provo. UT National residential land developer and home builder Intern. KPMG Washington.000. forecasted three-year capital budget including required steps to begin and complete the FDA clinical trials. • Selected to hold second-year lead responsibilities as a first year associate.virginia. 2001 • President.

VA 22901 • 704-582-9250 • lipseym08@darden. Washington & Lee Varsity Football Team • President.000 square feet in a twelve month period to fill most significant vacancy in Parkway history • Featured in Parkway Properties Annual Report for development and execution of successful leasing program • Responsible for third-party management of Panattoni Development Company’s Houston Assets Property Manager (2002-2003) Houston. MS • Served as acquisition team leader for purchase of 412. ownership. TX • Managed three office buildings totaling 425. VA Washington & Lee University Lexington. Asset Manager (2006) Charlotte. NC • Responsible for the management and operations of North Carolina assets totaling 750. Inc. #116 • Charlottesville. The Fraternity of Phi Gamma Delta EXPERIENCE 2001-2006 Parkway Properties. Parkway Properties.MICHAEL JAYSON LIPSEY 977 Seminole Trail. June 2001 • President and Founder. Generals’ Christian Fellowship. TX • Responsible for successful turnaround and market repositioning of underperforming office building • Led daily operations of property management and third-party leasing teams • Planned and managed capital expenditures in excess of $1 million Acquisition Analyst (2001-2002) Jackson. VA Bachelor of Science in Accounting and Business Administration. management. NC • Responsible for the asset management of 1.000 square feet • Hosted NYSE Board of Directors quarterly meeting and presented on successful program in North Carolina Property Manager (2003-2004) Houston. and leasing of office properties. Inc. is a self-administered real estate investment trust specializing in operations.000 square feet • Managed the turnaround of Parkway’s most challenged market to become a Top 5 Parkway market in customer satisfaction • Designed and executed strategic plan and goals enabling North Carolina portfolio performance enhancement • Responsible for lease transactions totaling over 170.edu EDUCATION Darden Graduate School of Business Administration University of Virginia Candidate for Master of Business Administration.000 square feet • Leased over 160. acquisition.6 million square feet of office buildings valued over $147 million • Created and directed implementation of strategic plan for North and South Carolina portfolio • Oversaw and managed 26 real estate professionals ranging from building engineers to regional managers • Involved in strategic asset acquisition and disposition decisions for the North and South Carolina portfolio • Reported directly to Executive Vice President and Senior Asset Manager Regional Manager (2004-2005) Charlotte. a non-denominational student ministry • Captain. May 2008 Charlottesville.virginia.000 square foot office building portfolio • Worked as an acquisition analyst on over $75 million of successful acquisitions • Acted as director of market information for all Parkway markets • Modeled several million square feet of potential acquisitions using various financial models including ARGUS software .

Macroeconomics Division • Modeled automobile sales and production based on regression analysis of macroeconomic variables and presented semi-annual reports.93 Charlottesville.BRIAN TODD MATHIS 1764 Sugar Maple Court • Charlottesville.and high-rise buildings on a $212M property. which improved quality. Led to changes in product mix strategy that will improve profit margins. D.edu EDUCATION Darden Graduate School of Business Administration University of Virginia Candidate for Master of Business Administration. • Raised efficiency of all data manipulation methods. VA • Performed market feasibility study for Olympic speed-skating rink. • Created economic outlook presentation based on analysis of all sectors for CBO Director to use in speeches to Federal Reserve Chairman Alan Greenspan. VA Atlanta. • Improved firm’s consumer survey to increase response rate. Increased credibility and national reputation of CBO’s analysis. and Congressmen. May 2007 • GMAT 720 • Member of Real Estate and Finance Clubs Emory University Bachelor of Arts in Economics.S. • Implemented program changes that boosted tutor participation and increased student involvement by 50%. Assistant Analyst. D. Senators. Presented recommendations to Division President and competing architectural firms. and assigned responsibility for training Assistant Analysts on new methods. LEADERSHIP / COMMUNITY SERVICE 2005-2006 Opportunity Consultants Inc. and cut production time by more than 30%.virginia. • Received merit-based pay increases of 15% based on “outstanding” performance reviews. reduced possibility of human error. • Presentation of results convinced Central Virginia Sports Foundation to pursue an indoor multi-purpose turf facility to better meet community needs and improve funding prospects. . attain actionable data. • Built comprehensive home pricing model to be used to evaluate home prices for all Centex properties in key SW Florida region. which improved CBO’s forecasts. Coordinated with school administrators/teachers to manage volunteers’ weekly schedules. 2003-2005 Amidon Elementary School Washington. Strategic Marketing Intern • Performed market feasibility study for mid.C. VA 22903 • 301-908-4858 • MathisB07@darden. homebuilder with revenues of $14. and improve accuracy of responses. • Designed new system to create publication graphics. Charlottesville.67B in 2005. May 2002 • Phi Beta Kappa. Volunteer Tutoring Program Coordinator • Recruited 25 co-workers to tutor 6th grade students. • Designed and implemented survey of high-school athletic directors in nine counties.C. 2002-2005 Congressional Budget Office (CBO) Washington. GPA 3. GA EXPERIENCE Summer 2006 Centex Homes Naples. FL Second largest U.

Duke .

Duke University – The Fuqua School of Business Lewis Cook Patrick English Josh Payne .

• Started a web press printing business in an abandoned 28. Cum Laude. Varsity Water Polo Team. NC Master of Business Administration. Commercial Real Estate Entrepreneurial firm focused on development and redevelopment of retail and mixed-use projects • Initiated and closed over $6 million in real estate transactions through leasing and sales. Finance Club. NC 27705 (512) 917-1461 • lewis.2211 Hillsborough Road. Struggling golfer. EXPERIENCE Summer 2006 CYPRESS REAL ESTATE ADVISORS. and land planners external to the firm successfully through the permitting process of local municipalities for 8 different projects. Dean’s List. THE PARTHENON GROUP. TX Associate. NJ Bachelor of Arts in Economics. 2003-2005 JOHN LEWIS COMPANY. Efforts resulted in a profitable company chosen within first year for multiple contracts to print Dell product manuals. Career Development VP for Real Estate Club. • Created financing package and participated in discussions with neighborhood group. 1998-1999. land planners. Concentration in Finance. Austin. MA Associate Consultant Strategic advisory firm focused in business development. 2006. and acquisition strategy • Co-led a team in developing market forecast models for an $8 billion industrial firm. Boston. engineers. LEWIS E. New York.73. passionate wake boarder and traveler. Princeton.-based consultant to help lead a strategy workshop in the Netherlands for a $400 million software company. and builders for a $41 million mixed-use project. Durham. 1998-2001. June 2001. contributed to closing of over $22 million in other transactions. conducted training program. Ormond Scholar Award recipient. GPA: 3.duke. Results allowed client to more accurately set revenue targets and more quickly adapt to market conditions. PRINCETON UNIVERSITY. • Selected as the only U. and provided mentoring for new hires. Ideas presented were well received by the executive board. 1999. • Co-led Young Men’s Business League weekly tutoring program for at-risk high school students. Australia.90. GPA: 3. . Semester Abroad at the University of Melbourne. NY Trading Assistant Specialist Firm on New York Stock Exchange ADDITIONAL INFORMATION Texas real estate broker’s license. • Managed Princeton recruiting.000 per year.edu EDUCATION DUKE UNIVERSITY.000 SF warehouse. GMAT: 750. Fuqua intramural basketball and football. May 2007. Awarded Fuqua Merit Scholarship. profit improvement. Additionally. High school All-American in swimming. • Managed cross-functional teams of architects. saving $68. Austin.S.cook@fuqua. • Coordinated due diligence and analysis for acquisition of a retail center and adjacent tracts. COOK 2001-2003 Summer 2000 WAGNER STOTT MERCATOR. All-Academic Collegiate Water Polo Team. • Volunteered as soccer referee in company program for at-risk elementary school students. Apartment 3023 • Durham. TX Summer Associate Real estate private equity firm specializing in urban redevelopment projects • Analyzed and made recommendation for selection of a property management company for a $27 million property. The Fuqua School of Business. Admissions Volunteer.

go. Trader. • Increased revenue for small cap trading desk by over 30% on a team of eight traders. maintaining a top three position in market share throughout duration. BOSTON COLLEGE. having visited over 20 countries in four continents. • Selected to participate in recruiting efforts for both undergraduates and associates. Jan. Real Estate Club. energy.April 2001 • Marketed and developed products and funds for largest 3rd-party fund-of-funds program in domestic marketplace ($78B in AUM).com/ncb/news/991112/00167154. 55. Distinguished Speaker Series.” a noir comedy about Wall Street trading (http://www. and Admissions Volunteer. INC. including financial services. Madrid.duke. NC Master of Business Administration. NY Trader. May 2002 – Dec. Spain Studied history and marine biology. The Fuqua School of Business. Advisor Sales Team. Two articles selected for posting on ESPN website (http://espn. Activities and affiliations include Finance Club. Senior Sportswriter for The Heights. Running (Member of New York Road Runners Club). and 63 licenses. Relationship Manager. Apartment 4113 • Durham. 2003 • Executed orders for traders on the New York Stock Exchange floor. 2004 – June 2006 • Traded both NYSE-listed and Nasdaq OTC equity securities in a variety of industries. defense. Durham. Chestnut Hill. Elected President of Ignatian Society. Skiing.3B in one year.com). Dean’s List 5 of 7 semesters.0. PA Internal Account Executive. Avid international traveler. • Wrote a daily summary of macroeconomic developments..1B to $1. • • • ADDITIONAL INFORMATION Hired in Summer 2006 as Technical Advisor for an off-Broadway play titled “Burleigh Grimes. distributing funds through financial advisor intermediaries. • Promoted to internal executive in SEI Advisor Network (youngest internal executive in the history of the division). May 2001 . Oaks. and Volunteer Work. INSTITUTO INTERNACIONAL. GPA: 3. research. NC 27705 (646) 831-0173 • patrick. Social Impact Club. GPA: 3. May 2008. basic materials.. and semiconductors. Managed all major aspects of club. namely organizing volunteer programs throughout Boston. ENGLISH . BC’s student newspaper.english@fuqua. MA Bachelor of Arts. 2000-2002 SEI INVESTMENTS. and original trading ideas for distribution to both clients and internal sales force. the largest student-run organization on campus. Scuba Diving. transportation.8/4. utilities. • Received and ensured the execution of trading orders for institutional clients in the industrial sector on a daily basis.4/4. Fuqua Hoops. pertinent news.edu EDUCATION DUKE UNIVERSITY.2211 Hillsborough Road. New York. History. NYSE Floor. • Obtained NASD Series 7.burleighgrimes. Other activities and interests include Fuqua Golf Club.April 2002 • Grew assets under management in the mid-Atlantic region with partner from $1. Spring 1999. trading trends. INC. National Accounts Team. PATRICK W.0 2002-2006 EXPERIENCE MORGAN STANLEY & COMPANY. June 2000 . May 2000. • Promoted to head clerk of the most active zone on the floor of the NYSE. Institutional Equities Division.html).

Led and implemented the restructuring and integration of two distinct business units resulting in a $250. Ensured factory readiness. and resolved all materials constraints. Serving as Fuqua on Board Member at a local non-profit. 85% overall reduction in manual access requests. Innovative solutions-driven entrepreneur with extensive transaction skills and proven success managing cross-functional teams.000 resource savings. Coordinated mobile.edu JOSHUA N. Elected as VP of Careers for Entrepreneurship & Venture Capital Club. and reduced product setup time from thirteen days to seven days. Kelley Merit Scholar. Aided in reduced factory downtime & increased production to manufacture over 70 million units per year. EXPERIENCE Business Development Associate • • • 2004 – 2005 Strategic Pricing Manager – Corporate Strategy Group • • • Negotiated pricing. Dean’s List. Directed six-person team to deliver 97% accurate data population of supply chain applications. Developed forecasting algorithm based on historical trends enabling a 21% increase in production lot cycles. and pricing. deal structure. • Durham. marketing strategy. Selected as Honors Division Mentor. industry analysis. Bloomington. Private Equity Club. Selected as Marketing Director for Duke Start-Up Challenge. and global product positioning sections of successful business plan yielding $200. desktop.enjoy building PC’s and tech innovation • Travel enthusiast having visited over 30 countries ADDITIONAL INFORMATION • Avid real estate investor managing multiple properties • Community leader involved in Big Brother program • Completed 2004 San Francisco Half-Marathon . Kelley School of Business. May 2008. Closed deals with U. Business Technology Club. Worked three years as University Technology Consultant. Toshiba. INTEL CORPORATION. NC 27705 310-488-6314 • jnp5@duke. Honors Faculty Award. CA 2003 – 2004 • • • Operations Project Manager – Supply Network Group 2002 – 2003 • • • Supply Management Analyst . PAYNE PROFILE MBA candidate with four years of operations and strategy experience at a leading global semiconductor firm.000 sample CPU’s per week resulting in 98% on-time delivery to original equipment manufacturers such as Dell.000 in funding. Native American Student Alliance. Presented recommendations to management team resulting in a significant initial investment. IN Bachelor of Science. NC Master of Business Administration. Spring 2001. Created intranet training portal streamlining communication and user-access to process documentation.Assembly. Developed an integrated financial model for cash flow analysis and venture capital valuation. Appointed as Community Judicial Board Member. Semester Abroad: Maastricht University. Business. Constructed comprehensive build plan for over 75. supply guidance.S. Santa Clara. Double Emphasis in Computer Information Systems and International Business. Acer. INDIANA UNIVERSITY. Santa Monica. May 2002. CA An Internet start-up focused on creating a dynamic blend of social networking and e-commerce through the use of wishlists. and Asian multinational corporations at $5 – $45 above floor price. Identified as specific driver in growing average sales prices by 11% generating $74 million in incremental gross revenue. Fuqua Merit Scholar.1808 Meeting St. Manufacturing Group • Passionate entrepreneur founding two small start-ups • Technophile . The Fuqua School of Business. 2006 WISHY LLC. and server product roadmap publication to worldwide sales field driving consistency across divisions by resolving conflicting launch schedules. Lenovo. Analyzed financial and technical feasibility of implementing an in-house CRM system. EDUCATION DUKE UNIVERSITY. Crafted competitive landscape. Durham. Test. and profitability terms for consumer electronics group by coordinating with supply teams and product marketing resulting in 50-plus design wins. FuquaVision. improved data quality. and Gateway. identified capacity opportunities.

Harvard .

Harvard Business School Patrick Bosworth Jaison Battle John Green Luke Ingles Quan Nguyen Song Wong .

industry associations.PATRICK BOSWORTH 224 N Harvard Street Allston. Magdalen College crew team. MA Candidate for Master in Business Administration degree. hotel. VA Strategy & Marketing Intern Baymark Construction has developed a 2. Represented the Department in meetings with labor unions. DEPARTMENT OF LABOR WASHINGTON. ENGLAND Study abroad program in European politics. UNIVERSITY OF SAN DIEGO Bachelor of Arts. Member of the Real Estate Club and the Urban Land Institute. retail space and three restaurants. Directed public service announcements to promote biking to work in Coronado. labor unions and to protect the rights of 16 million union members. cum laude. • • • • • • • Awarded Secretary of Labor’s Exceptional Achievement Award Trained and supervised approximately 100 employees Coordinated communication across all of the project teams involved in a major regulation Created a new process for analyzing public comments that is now the standard tool at the Department Negotiated with senior executives of labor unions regarding crucial policy decisions Educated the public about the new regulation by traveling to 27 cities and addressing audiences of 20 to 600 Managed a $3 million IT project that was delivered on-time. USD crew team. to specifications and under budget 2001 – 2005 2002 – 2005 2001 .2002 Special Assistant in the Office of the Secretary Advised senior Department officials in several key policy areas. Elected Career Rep of Section I. spa.hbs. SAN DIEGO. OXFORD UNIVERSITY – MAGDALEN COLLEGE OXFORD. CA. sailing and etymology. • Researched union financial structures using analytical models and developed an economic impact assessment • Analyzed and presented financial and other data in support of a major regulatory initiative • Drafted congressional testimony. June 2007. experience summer 2006 BAYMARK CONSTRUCTION VIRGINIA BEACH. Place HBS students in Boston-based nonprofit organizations. traveling. • Created a preliminary marketing plan for the new developments • Identified benchmark resorts and completed a competitor analysis • Drafted a customer survey to determine preferences for future developments at the resort U. CA 2001 summer 2000 spring 2000 ITESO UNIVERSITY GUADALAJARA. racquetball. MEXICO Study abroad program to observe historic Mexican presidential election. skiing. MA 02134 pbosworth@mba2007. two championship golf courses. Phase Two of the project will add a resort component to the development. reporters and members of Congress.000 acre mixed-use property with housing. beach club and additional restaurants. personal . entertaining. theatre. wine. history and international relations. tennis. including a fishing pier. Served as teaching assistant. a marina. DC Chief of Staff – Office of Labor-Management Standards Served as project manager for the Secretary of Labor’s top regulatory priority to modernize the financial report filed by the largest U. press releases. swimming pools. Enjoy cooking. dining out. in Political Science. letters and memos for senior Department officials community Instructed sailing at summer program for kids. Appointed to the Secretary of Labor’s Management Focus Group for young leaders and the Department of Labor E-Team to help ensure effective use of technology. completed Argus software training.edu (240) 602-7631 education 2007 HARVARD BUSINESS SCHOOL BOSTON. Played Hamlet in a Chicago-area community theatre production of Hamlet.S. tennis courts. speeches.S.

Monitored relationships with senior client executives throughout the year. Chapter President. Management for Leadership Tomorrow. August 2002. VA Master of Science in Accounting degree. Elected Co-President of the Real Estate Club. Raider football. completed Argus training. MA 02163 jbattle@mba2007. Performed pro-forma due diligence and advised the company on the purchase price allocation for its $10 million acquisition of SkyMall Inc. MA Candidate for Master in Business Administration degree. • Lead senior on Redbull North America. Designed and coordinated all audit procedures performed at 10 locations. Enjoy basketball.hbs. mentoring youth. DCF.edu (213) 842-1224 education 2005 – 2007 HARVARD BUSINESS SCHOOL BOSTON. and drafting of the contribution agreement. • Advised the Special Committee of GMH Community Trust. Intern – Performed substantive financial audit procedures and internal control testing. Urban Land Institute. CPA. M&A. a student and military housing REIT on a potential management buyout of the company and consideration of third-party offers. Drafted financial statements and related footnote disclosures for both SEC registrant and private clients.Jaison M. executed. Council of Representatives – managed an annual budget of $120. subsidiary of Redbull GMH. Participant. • Supervised Gemstar TV Guide’s three-year financial restatement to the SEC. Finance Club. Member. • Participated in reverse merger buy side advisory assignment for a private real estate investment group. Kappa Alpha Psi Fraternity Incorporated. Member. Treasurer. Mentor/career counselor at L&L Group Home. personal . • Received top ranking and highest recognition of 40 peers in each of four years with the firm. Worked 30 hours per week at a global maritime shipping company. Riordan Fellows Program. property due diligence. Prepared stand-alone GAAP financial statements and reconciliations to International Accounting Standards. 2000 – 2005 2003 – 2005 ERNST AND YOUNG LLP LOS ANGELES. CA Senior Associate – Assurance Advisory Business Services Coordinated. Actively involved in various aspects of the engagement including preparation of the pro forma consolidated GAAP operating model. boxing. • Assessed the potential management buyout opportunity of a $1. civil war history. Member of the African American Student Union. NY Real Estate Investment Baking – Summer Associate Advised real estate and hospitality companies on a variety of financial and strategic matters including equity and debt issuance. and Basketball Club. UNIVERSITY OF VIRGINIA – MCINTYRE SCHOOL OF COMMERCE CHARLOTTESVILLE. • Managed the multinational Sarbanes Oxley (SOX) compliance and financial statement audit for global manufacturing company. Whittier College Men’s Intercollegiate Basketball team. 2001 – 2002 1997 – 2001 experience Summer 2006 CREDIT SUISSE SECURITIES (USA) LLC NEW YORK. Performed pro forma due diligence and underlying valuation analysis including Compco and Compaq. Battle CPA 313 HBS Mail Center Boston. and Net Asset Value. and managed financial statement and Sarbanes Oxley compliance audits in teams of two to ten professionals in various industries. and recapitalization.000. Awarded the Credit Suisse First Boston Fellowship. Awarded NBMBAA Scholarship.2 billion multi-family REIT focused on acquiring and developing properties in the Southeastern United States. CA Bachelor of Arts in Business Administration. concentration in Accounting. Participant in Ernst and Young “Your Master Plan” program and received full-tuition sponsorship. CA Real Estate Broker. INROADS Alumni. Manage a personal real estate portfolio of three residential properties located in Southern California. WHITTIER COLLEGE WHITTIER. 2001 – 2003 Summer 2000 certifications community Staff Accountant – Directed daily fieldwork activities and executed substantive audit procedures for high risk areas. leveraged buyout. Advised the company on the implementation of SOX including the identification and documentation of significant processes as well as on the development of testing strategies for key controls. June 2007. Awarded Academic Distinction in the Business Administration major and Accounting concentration. financial statement audit engagement.

Member of Transportation. SACHS & CO.200 residential units of a distressed housing project in mid-Atlantic region • Conducted project meetings with key constituents from the mayor’s office. Systems Engineering. boxing. executed M&A and corporate finance transactions • • community/ professional • • • Advised Axel Johnson’s Hekimian Laboratories on $1. KENNEDY SCHOOL OF GOVERNMENT CAMBRIDGE. potential partnerships. Entrepreneurship and Investment Clubs HARVARD UNIVERSITY.JOHN T. sales. NY Investment Banking Analyst – Communications. #1 Boston. totaling over $5M of annual activity • Redesigned BET’s data entry & retrieval application for financial forecasting and budgeting 2000 – 2002 GOLDMAN.2 Billion Real Estate Private Equity Fund Evaluated investment opportunities.6B sale to Spirent plc Lead-managed McLeodUSA’s $532M acquisition of CapRock Communications. Member of Venture Capital & Private Equity. Symposium Chair. city council. May 2000. analyzed industry trends. Career Development Chair & Conference Planning Committee. VA Bachelor of Science. CA Summer Associate . a large public pension fund. alongside the Portfolio Manager Conducted research and authored white paper entitled. WASHINGTON. with Distinction. selection of strategic partners and coordination of internal/external counsel Key projects: • Directed national roll-out of video on-demand (VOD) services. MA 02124 jgreen@mba2007. running. city redevelopment authority. Enjoy working with kids. Minor in Technology Management and Policy MACFARLANE PARTNERS SAN FRANCISCO. coordinating functions of six internal business areas • Managed capital budgeting process. Housing. & Urban Development Professional Interest Council and Social Enterprise Club UNIVERSITY OF VIRGINIA CHARLOTTESVILLE. NEW YORK. Real Estate Club. June 2007.$2. AASU.Real Estate Development Group • Developed financial models and performed market research/due diligence under direction of senior vice-president to construct redevelopment plans for over 1. 2005 FHLB Affordable Housing Development Competition. and traveling .edu (617) 680-4590 education 2004 – 2007 HARVARD BUSINESS SCHOOL BOSTON. tenants’ council and neighborhood associations to garner support and assess potential deal structures 2002 – 2004 VIACOM INC.hbs. Managed due diligence Selected to present project to major institutional client. Black Policy Conference. MA Assistant Project Manager . UVA Urban Land Institute. Young Leaders Group personal Play five musical instruments. MA Candidate for Master of Public Administration. Co-Chair of Finance & Fundraising. DC Manager. Media & Entertainment Group Developed financial valuation models. and prospective business proposals Responsible for coordinating marketing. MA Candidate for Master of Business Administration. led due diligence and drafted acquisition submittals for Investment Committee/clients • • • $150M Mixed-use Development: Worked closely with Chief Acquisition Officer and Senior Investment Manager to negotiate deal terms and partnership structure. Office of the President. which had not formally existed since 1999. publishing and programming functions to execute projects • Led negotiations of key contracts. GREEN 11 Wainwright Street. Lead-managed $750M high yield debt offering for McLeodUSA Co-Founder/Senior Advisor of Brothers United Celebrating Knowledge & Success community service organization Virginia 2020: Public Service and Outreach Planning Commission. Performed financial and market analyses. preceding Viacom’s acquisition of Black Entertainment Television (BET) • • Provided financial and strategic advice to executive team regarding new business ventures. “Trends Changing the Face of Urban Retail” 2004 – 2007 1996 – 2000 experience summer 2006 summer 2005 THE COMMUNITY BUILDERS BOSTON. June 2007. Business Development – Black Entertainment Television Member of two-person team charged with re-establishing the Business Development office. acquisitions and divestitures.

• High distinction grade point average (Grade point average 6. excel and proprietary analysis programs. Developed acquisition funding proposals for the Trammell Crow investment committee as well for external 3rd party funding (debt and equity) providers. Strategic consulting engagements undertaken in multiple industries including financial services. comparables and localized real estate trends BOOZ ALLEN HAMILTON (BAH) SYDNEY. • Conducted strategic souring of commodity groupings.2002 CYBERLYNX PROCUREMENT SERVICES SYDNEY. Recent Consulting Assignments: Product Transformation Strategy • Led 8 person combined client / BAH team in developing the economics for a AU$500M product strategy Post Merger Integration (PMI) • Conducted detailed profitability and growth analysis of acquired business units to facilitate PMI budgeting • Built a financial model to facilitate the financial integration of the acquired business into the clients backend accounting system . bid evaluation and supplier negotiation • Monitored commodity markets and managed commodity suppliers through development of supplier performance and supplier development plans community personal Long term member of the Australian State Emergency Service (first response to public calls for assistance during natural disasters). flood and title review as well as analysis of market conditions. specializing in Financial and Managerial Accounting.0) • Awarded the PriceWaterhouseCoopers Prize as the leading student in financial accounting 1996-2000 experience 2006 TRAMMELL CROW COMPANY DALLAS.hbs. USA) Bachelor of Commerce. residential and industrial property types. AUSTRALIA Market Analyst Cyberlynx is Australia's leading Procurement Service Provider providing strategic sourcing and category management services for eight of Australia’s top 50 companies. MA 02163 lingles@mba2007.9/ 7. AUSTRALIA Bachelor of Laws (LLB) awarded with Honors.edu (617) 233-6396 education 2005 .the model facilitated the allocation of AU$2.000M in direct costs across the organization 2001 . including environmental. Presented findings to senior client management. oil and gas and tourism across locations in Australia. 2002 . UNIVERSITY OF QUEENSLAND BRISBANE. . private equity fund business assisting in the end to end evaluation of acquisition targets across a broad range of office. issuance of “Request for Proposals (RFP)”. Avid international traveler. Boston.LUKE INGLES Box 723 HBS Student Mail Center. Directed and conducted research and analysis to solve complex client issues utilizing a hypothesis based approach. Currently undertaking independent research project in emerging real estate markets. Member of the HBS Sailing Club. specializing in Corporate and Commercial Law • Certificate in International Law undertaken at Marquette University (Wisconsin. Member Booz Allen Community Services Committee Enjoy long-distance running and sailing. Co-president for the HBS Real Estate Club.2005 Responsible for conducting due diligence activities on contracted properties.2007 HARVARD BUSINESS SCHOOL BOSTON. Asia and the Middle East. June 2007. AUSTRALIA Associate (Promoted from Consultant) Led teams of consultants and clients. TX Summer Associate Worked within the company’s real estate. • • • Undertook financial modeling for acquisition opportunities using Argus. MA Candidate for Master in Business Administration degree. including development of sourcing strategy. Registered Justice of the Peace.

#608 Cambridge. • Partnered with an industrial real estate firm to analyze a $700M joint venture to take private an investment trust. Experience Summer 2006 CITIGROUP GLOBAL MARKETS INC SUMMER ASSOCIATE. 1999 – 2005 2004 – 2005 2003 – 2004 DIRECTOR.000 patrols providing reinforcements and coordinating medical evacuations. Member of Rugby Football Club and Armed Forces Alumni Association. development. Earned Distinguished Cadet Award (top 2%) and Superintendent’s Award. • Developed and supervised two platoon live fire exercises each involving nine rifle platoons and over 300 personnel greatly improving each unit’s combat readiness. Appointed Company Commander responsible for the performance of 120 cadets. and Oil services to coordinate effective responses to emergencies and successfully provide security for first national elections. Police. June 2007.edu (808) 375-4870 Education 2005 – 2007 1995 – 1999 HARVARD BUSINESS SCHOOL Candidate for Master in Business Administration degree. higher headquarters. Graduate of Army Ranger School. CAPTAIN. merger consequences.QUAN T. IRAQ Monitored operations of four maneuver battalions ensuring reports and orders are disseminated to the staff. Combat and Expert Infantrymen badges. INFANTRY BRIGADE IRAQI SECURITY FORCES LIAISON OFFICER KIRKUK. Elected President of Section. Assisted in the planning. and traveling. Fire. MA UNITED STATES MILITARY ACADEMY WEST POINT. IRAQ Planned. REAL ESTATE BROKERAGE SERVICES LOS ANGELES. lease and renewal negotiations. Ambulance. comparable company and precedent transaction analysis. NY Bachelor of Science degree in Mechanical Engineering. • Trained and coached Joint Coordination Center manned by Iraqi Army.hbs. • Coordinated and synchronized resources for all training to include managing $1 million ammunition budget and land requirements of over 70 training areas. including leveraged buyout analysis. Enjoy basketball. and fair market value analysis. CA Performed analyses for corporate real estate portfolio management to include buy vs lease decisions. resourced. MA 02138-6213 qnguyen@mba2007. BRIGADE COMMAND AND CONTROL CENTER KIRKUK. relocation alternatives. • Analyzed local real estate market and determined best relocation alternatives for a local bank within the Los Angeles Fashion District earning new account for the firm. • Directed a staff of 15 officers and 20 soldiers to synchronize efforts in support of units on the battlefield. Completed Honolulu Marathon in 2001. and executed joint operations and training with all Iraqi Security Forces for two provinces. HI Second in charge of operations for a battalion over 600 personnel and 50 vehicles. subordinate units. Awarded Bronze Star. NGUYEN 11 Peabody Terrace. • Built financial model to analyze $1.5B acquisition of a financial guarantor. • Managed over $13 million budget in development projects targeted to improve Iraqi Security Forces Infrastructure. . Created valuation model and presented it to Middle Eastern investors. 2002 – 2003 BATTALION ASSISTANT CHIEF OF OPERATIONS SCHOFIELD BARRACKS. • Battle tracked 148 raids and over 8. scuba diving. UNITED STATES ARMY. and supervision of all operations and training. INVESTMENT BANKING DIVISION NEW YORK. discounted cash flow analysis. Projects resulted in increased capability and survivability of Iraqi Security Forces. NY Performed various valuation techniques for both public and private companies. BOSTON. Summer 2006 CUSHMAN & WAKEFIELD INC SUMMER ASSOCIATE. Personal Vietnamese (conversant). lease abstracting. and adjacent units.

with a geographic focus in North Asia and China. Proficient in French. in Hotel Administration. Hotel Consulting Conducted appraisals. completed valuations of companies in diverse industries. Hotel Consulting promoted from Consultant. June 2007.2007 HARVARD BUSINESS SCHOOL BOSTON.SONG WONG 1200 Massachusetts Avenue #W57 Cambridge. CORNELL UNIVERSITY ITHACA. CHINA Manager. Special Projects: • Represented Starwood Hotels in deal analysis and due diligence of acquisition of the Westin Tokyo for $500M (the largest single-asset hotel transaction in Japanese history) by Starwood Capital and Morgan Stanley. increasing Starwood’s portfolio in Greater China by 50% and generating forecasted stabilized annual income contribution of $7M. Active in Cornell Hotel Society. • Selected for special task force to evaluate opportunity for Starwood to enter mid-scale hotel market in China. W Hong Kong and Westin Beijing. • Selected by executive management to help establish Starwood’s Development & Acquisitions presence in mainland China. first non-native Chinese to be based in Starwood Shanghai office. • Performed market studies and financial analysis for potential hotel projects in city and resort areas to determine Starwood’s interest in specific hotel projects and appetite for establishing a presence in unrepresented markets. PRICEWATERHOUSE COOPERS SINGAPORE Assistant Manager.2005 2001 . HVS INTERNATIONAL SAN FRANCISCO. CA Associate. MA Summer Associate. dining. CA. Enjoy pottery. Volunteer for the S’pore Autism Resource Centre (2002-2003). Fluent in Mandarin. • Participated in road shows in five major cities throughout China to establish relationships with major governmentrelated and private sector businesses with existing and/or potential hotel interests. • Conducted buy-side due diligence for $45M single-asset office building transaction in San Jose. scuba diving. Board Member for Children of Rural China Foundation (current). Development Planning SINGAPORE Evaluated and recommended equity investments and management opportunities in Asia-Pacific to senior management totaling potential annual income contribution to the company of over $30M. Corporate Finance promoted from Senior Associate. Signed deals include Sheraton Changsha. Entrepreneurship and Real Estate Clubs. Concentration in Finance. Sheraton Haikou. • Drafted board memorandums and prepared group strategy presentations for global executive meetings. Member of Phi Sigma Pi (National Honor Fraternity). tenant underwriting. BOSTON PROPERTIES BOSTON. traveling. Development & Acquisitions Contributed to conceptualization. President of Cornell Club of S’pore (2002-2004). MA 02138 swong@mba2007. participated in deal negotiations and drafted board memorandums for management of new hotels and single-asset and portfolio acquisition opportunities throughout Asia. Sheraton Xiamen. financial analysis and tax and accounting structures. baking. • Trained new members of the team in Shanghai which grew from one to four staff in less than one year. market studies and feasibility analysis for lodging. STARWOOD HOTELS & RESORTS WORLDWIDE SHANGHAI. Hotel Ezra Cornell and Habitat for Humanity.1998 experience Summer 2006 2002 . Member of Asia Business. prepared pitch books and participated in meetings for business generation. US citizen. acquisitions and divestments.hbs.2002 1998 .2000 activities & service personal . Sheraton Shenzhen. Finance & Capital Markets Participated in most aspects of departmental responsibilities including acquisitions. with distinction. Sheraton Ningbo. Manager. MA Candidate for Master of Business Administration degree. NY Bachelor of Science degree.edu (510) 396-0231 education 2005 . 1994 . Corporate Finance Advised various clients in South East Asia regarding mergers. • Evaluated potential acquisitions using Argus real estate valuation software and Dyna real estate asset and portfolio management software. Volunteer for Riding for the Disabled (2002-2004). event and mixed-use developments. • Contributed to signing of seven new hotel deals in 2004. development and execution of Starwood’s expansion strategy to grow portfolio and maintain position as largest upscale/luxury international hotel company in China. • Oversaw financial and investment analysis.

Kellogg .

Kellogg School of Management – 2006 National Real Estate Challenge Team John Carsello Zain Koita Taylor Meyer Juliana Priest Peter Tsai Jerrod Wigal .

a manufacturer of industrial rubber products. a manufacturer of HUD-code and modular homes • Co-Managed a cross-functional team of investment bankers. IL 60201 (312) 480-0500 • jcarsello2007@kellogg. including financial statement analysis and market research. this framework was subsequently adopted by several portfolio companies and enhanced communication between these companies and their investors • Selected Transaction Experience: Recapitalization of Longwood Industries. IL GEM REALTY CAPITAL Intern – Real Estate Private Equity/Hedge Fund • Assessed investment opportunities for fund with total capital in excess of $700 million.northwestern. marketing materials and internal investment committee memoranda • Selected Transaction Experience: $180 million follow-on offering of IDEX Corporation. lawyers and consultants in conjunction with the due diligence process for Longwood Industries • Developed a 50-page monthly financial reporting template. as part of an investment team of 15 professionals • Partnered with the CFO and Controller of Longwood Industries. IL KELLOGG SCHOOL OF MANAGEMENT NORTHWESTERN UNIVERSITY Candidate for Master of Business Administration degree. a $120 million specialty chemicals supplier to the agricultural and horticulture markets.edu EDUCATION 2005 − Present Evanston.. 2006 1997 − 2001 EXPERIENCE Summer 2006 2003 − 2005 2001 − 2003 OTHER DATA . a $30 million manufacturer of HUD-code and modular homes. ultimately presented findings to investment committee to identify and discuss real estate investment opportunities in select geographic markets Minneapolis. evaluated strategic and financial implications of mergers.53 / 4. a leading global manufacturer of industrial pumps and fluid dispensing products. Member of Dean’s List and National Society of Collegiate Scholars • Admitted into the Investment Banking & Capital Markets Workshop. a networking group of 30 finance professionals in the Twin Cities Interests include traveling to Spanish speaking regions. MN NORWEST EQUITY PARTNERS Private Equity Analyst – Late-Stage Private Equity • Assessed middle-market investment opportunities through construction of fully-integrated leveraged buyout models for an $800 million private equity fund • Performed business. a $100 million diversified industrial rubber manufacturer. cooking and Major League Baseball August 1. June 2007 • Intended majors in Finance. active member of Private Equity & Entrepreneurship Club • Volunteer teacher at Holy Angels elementary school in Chicago Bloomington.00. Constructed financial models. Minor in Spanish. in October 2005. ultimately outbid in final round of six-month project • • Founding member of PEAM. One of 15 top-performing students selected by faculty to participate in this program • Interned within the Corporate Finance Group at Jefferies & Company in New York City Chicago.JOHN MICHAEL CARSELLO 2038 Sherman Ave. interacted with research analysts and brokers and performed asset and market diligence • Authored 60-page office market research paper. comparable acquisition. industry and financial due diligence. Acquisition of Becker-Underwood. Management & Strategy and Real Estate • Co-Chairman of Real Estate Club. Unit 1B • Evanston. including comparable company. accountants. May 2001 • GPA 3. in September 2004 Chicago. IN KELLEY SCHOOL OF BUSINESS INDIANA UNIVERSITY Bachelor of Science degrees in Finance and Accounting. acquisitions and equity offerings • Created management presentations. Recapitalization of Highland Industries. Acquisition of leading uniform rental company valued in excess of $600 million. discounted cash flow and leveraged buyout analyses. IL CREDIT SUISSE FIRST BOSTON Investment Banking Analyst – Global Industrial & Services Group • Performed financial modeling and valuation analyses. in crafting investor presentations to secure financing and introduce acquisition opportunities • Assisted in negotiating favorable financing terms with senior lenders for the recapitalization of Highland Industries. in January 2004.

Huron – Chicago.northwestern. Illinois: $350 million. #402 Evanston. 60-story mixed-use (condominium. and prepared client presentations • Participated in development workshops and gained exposure to top executives via the Summer Intern Seminar Series ZAIN Y. financings.G. IL Investment Banking Analyst. and consumer products industries Selected Strategic Advisory Transactions • Advised Vestar Partners on its $1.edu 1501 Maple Ave. Illinois: $250 million. and retail) building Selected Affordable Housing Developments Utilizing Low Income and Historic Tax Credit Equity • Guyon Apartments – Chicago. Inc. and owner/contractor agreement • Assisted in designing marketing assessments and pricing strategies focusing on design. Lee Partners • Advised a financial sponsor in its potential sale of a $350 million food company Selected Capital Raising Transactions • Executed $90 million follow-on equity issuance for Nu Skin Enterprises. and mixed-use developments • Coordinated due diligence process for joint venture partners. new construction senior. Inc. construction. Illinois: $19 million. • Advised a publicly traded company on a $200 million recapitalization to monetize founding members’ stake July 2001 – November 2001 MERRILL LYNCH & CO.. and acquisitions/divestitures on ongoing financial performance. beverage. independent living apartment building March 2002 – September 2003 BANC OF AMERICA SECURITIES LLC Chicago. MO Investment Banking Summer Analyst. and leveraged buyout analysis • Conducted due diligence. to T. compiled case studies. Mergers & Acquisitions Group • Analyzed transaction comparables and financial data. and other due diligence related to the site acquisition and development feasibility of luxury condominiums. discounted cash flow analysis. IL 60201 Mobile: 773-817-1945 PROFESSIONAL EXPERIENCE March 2004 – Present LR DEVELOPMENT COMPANY LLC (THE RELATED COMPANIES) Chicago. Consumer & Retail Group • Developed financial models for stand-alone entity valuation and analysis of various capital structures. INC. • Executed $500 million high grade debt issuance for Campbell Soup. and valuation training program • Completed class work and certification in Series 63 and Series 7 securities licensing examinations A. corporate credit. zoning assessments. Chicago. affordable housing. senior debt lenders. hotel/spa.Zkoita2008@kellogg. created management presentations. and sponsor returns • Performed valuation analysis using comparable company trading and acquisition multiples. and mezzanine financing providers Selected Luxury Developments • 340 on the Park – Chicago. Illinois: $20 million. operating budgets.H. Inc. adaptive re-use. 114-unit senior. Financial Sponsors Group • Developed financial models to analyzed the impact of various capital raising and M&A transactions on sponsor returns • Created business pitches analyzing potential market opportunities for financial sponsors as a result of restructuring initiatives and divestitures of non-core businesses from larger strategic players • Completed comprehensive accounting. independent living apartment building • Matteson Glyn – Chicago. IL Investment Banking Analyst. and participated in drafting of SEC documents • Prepared in-depth market research and analysis of the food. IL Project Analyst • Facilitated project underwriting process by creating and maintaining development proformas to analyze revenue potential and cost efficiency of mixed-use components.1 billion sale of Michael Foods. and project branding while capitalizing on current trends of the downtown residential for-sale market • Conducted site assessments.. office. Illinois: $300 million. INC. KOITA May 2000 – August 2000 . owner/architect agreement. St. 62-story luxury condominium building in Lake Shore East • P24 – Chicago. Louis. EDWARDS & SONS. ownership. IL – Chicago. 57-story luxury condominium building in River East neighborhood • 65 E. and financing alternatives • Participated in contract negotiation of all loan documents. finance.

and Economics • Overall GPA: 3. and Strengths and Weaknesses classes to program clients • Conducted practice interviews and provided in-depth feedback and critique to program clients December 2004 . golf. IL OTHER INFORMATION • • • Interests include offshore sport fishing. WASHINGTON UNIVERSITY St. charity carnival.EDUCATION 1997 – 2001 JOHN M. which resulted in doubling the largest corporate donation total in any of the organization’s first 98 years • Developed marketing campaign and publicity events on campus and in the St.91. May 2001 Majors in Finance.000 annual budget for programming events • Increased housing by 75% and prevented foreclosure of fraternity house by creating a rental concessions system • Conducted risk-management seminars for members to encourage a safe and community friendly institution September 2000 – CHANGE THE WORLD FUNDRAISER St. weight training. OLIN SCHOOL OF BUSINESS. Golden Key Honor Society SELECTED UNDERGRADUATE EXTRACURRICULAR ACTIVITIES November 1999 – THURTENE JUNIOR HONORARY St. MO May 2001 Founder / Organizer • Managed a 20 volunteers to create a new campus-wide fundraiser to benefit the American Red Cross • Collected change containers and extra clothing from all students moving out of dorms at the end of each academic year SELECTED CURRENT EXTRACURRICULAR ACTIVITIES September 2004 . FL): GPA – 3. Dean’s List (3 semesters). Louis. SAT score – 1470. Thurtene Junior Honorary. IL Member • Attended various speaker series and networking events to become integrated in Chicago’s real estate community PRIVATE EQUITY ANALYSTS OF CHICAGO (PEAC) Non-Profit Alliance Member • Encouraged PEAC members to become active in local non-profit organizations’ Junior Boards Chicago. Suburban Development.Junior Board member. academic background. Friends of the Chicago River . and seeking corporate donations • Taught Networking. Transferable Skills. MO Vice President • Developed and managed all programming and received national recognition for chapter excellence in programming • Managed a 15-member cabinet and a $50. . Louis.56 • Dean’s Scholarship Award Winner.JOBS FOR YOUTH CHICAGO Chicago. and Real Estate Finance – that would serve as a mentoring program for Young Leaders Group within ULI • Created application for potential participants and screened applications for most qualified candidates on the basis of work experience. IL Current Founder / Organizer • Developed roundtable discussion series across three tracks – Urban Development.URBAN LAND INSTITUTE – SMALL GROUP DISCUSSION SERIES Chicago.Treasurer Ransom Everglades High School (Miami. and excitement in the program • Sourced guest experts to present case studies from their personal experience June 2004 Current June 2004 Current YOUNG REAL ESTATE PROFESSIONALS OF CHICAGO (YREP) Chicago. student run. Louis. and flag football Member of Wash. SCUBA diving. and community involvement • Revamped corporate fundraising strategy to exchange significant advertising opportunities for corporate sponsorship. Accounting. IL Current Junior Board Member . Public Relations Advisor • Organized the nation’s largest independently funded. leadership. Louis media January 1998 – May 2001 SIGMA PHI EPSILON FRATERNITY St.Alumni and Parents Admissions Program (APAP). River Park at Diversey Condominium Association . MO Bachelor of Science in Business Administration.Fundraising • Served on the Junior Board which helped the organization meet its annual fundraising goal by creating publicity events. travel. Louis community • Made television and radio appearances to promote the Thurtene Carnival in the local St. Captain of 1996 Football Team . Louis. with other members of a 13-person honorary chosen from the entire Junior class based on academic achievement. hosting parties. writing grants. MO May 2001 Public Relations Chairperson. Univ.

northwestern. partnership modeling. and the “B-Piece” buyer. 5C Evanston. NY • Closed over $1.. Private Equity Club. Presented deals for CSFB credit committee approval. conducted legal documentation negotiations with counsel. industrial. assistance in the accounting and legal due diligence process. TN EXPERIENCE SUMMER 2006 MORGAN STANLEY REAL ESTATE Summer Associate • • • London. completed CSFB Fixed Income and Derivatives Analyst training program Intermediate Spanish. the first joint CSFB/DLJ transaction. Financial Analysis: Cash flow modeling and tax analyses for transactions (office. joint venture modeling. snow skiing. IL 60201 Phone: 917. TAYLOR MEYER 1616 Hinman-Apt. and reading . Coordinated with various financing sources to arrange mortgage and/or mezzanine financing for all transactions. 2000-2003 CREDIT SUISSE FIRST BOSTON Associate. investment grade bond investors. Real Estate Club. June 2007 • Majors in Finance. and International Business • Member. NY Investment Analysis: Evaluated all acquisition and disposition opportunities for a private investment program dedicated to single tenant real property and corporate investments. and the management of relations for rating agencies. Class of 2000.7 billion worth of potential investments. Analyzed over $1. EPL soccer. Sole CSFB Analyst chosen to work on CSFB 2001 CF-2.2 billion of fixed and floating rate commercial mortgage and mezzanine loans for institutional clients (office. a $1. Real Estate Finance and Securitization Group (REFS) • • • New York.K. 1 of 2 out of 5 from the 2000 REFS Analyst Class promoted to Associate ADDITIONAL DATA • • • Series 7 and 63 Qualified. retail..edu EDUCATION 2005-present KELLOGG SCHOOL OF MANAGEMENT NORTHWESTERN UNIVERSITY Evanston. Golf Club 1996-2000 VANDERBILT UNIVERSITY • B. Duties included: the re-underwriting of all loans in the pool. Energy Management Club. Due Diligence/Execution: Led acquisition due diligence for $109 MM worth of transactions. Created marketing packages for $154 MM worth of dispositions. college football. UK Evaluated acquisition opportunities for both the MSREF and Special Situations III funds Led various pitches for banking clients. proficient in use of ARGUS software and Bloomberg applications Enjoy golf. hotel. one resulting in the mandate of a £350 MM IPO Created investment committee report on UK homebuilding market for potential $50 MM public equity investment in a basket of UK homebuilding companies 2003-2005 GLOBAL NET LEASE PARTNERS Senior Financial Analyst. Acquisitions • • • New York. retail. and car dealership properties). summer intern on the LIFFE derivatives market Nashville. and multifamily properties) that were subsequently securitized into commercial mortgage-backed securities. U.C. and insurance reviews. GMAC.612.1 billion fixed-rate conduit securitization. Real Estate. Managed third-party due diligence for financings including appraisal valuations. environmental/engineering reports. Majors: Economics and European Studies Minor: Business Administration • Held elected positions within Sigma Nu Fraternity and Interhall Association • Spent semester at University of Leeds.A. and credit analysis on tenants. Reviewed and negotiated documentation with counsel including purchase and sale contracts and loan/lease documents. traveling.2253 cmeyer2007@kellogg. IL • Candidate for Master of Business Administration degree.

PRIEST 1305 Maple Ave. Negotiated expansion of anchor tenant. City Planning. May 2001 ● Dean’s Honor List for outstanding academic achievement.000 square feet of space. Hyannis MA: Acquisition.R. Bedminster. June 2008 ● Real Estate Club.000 square feet of space. ● Federalist Society. asset management and sale of the 198. JD-MBA Alumni Committee. ● Cherry Hills Marketplace. Chair. asset management and sale of the 109. ● Managed the sale of three retail properties totaling over $110 million in gross proceeds and 500. land development. and hotel properties.JULIANA K.000 square foot retail property which was a 19-month investment and yielded a 52% IRR and $9. . ● Asset Manager for 4 retail properties totaling $150 million in investments and 750. ● English as a Second Language Teacher. ● Completed the financial analysis of more than 200 retail. IL Summer Law Associate ● Worked on legal compliance issues for a large scale condo development project in Wisconsin. ● Organization of Urban and Regional Studies (OURS). Specific Accomplishments: ● Village at Bedminster. Real Estate Development PALATINE. LLC. Landlord/Tenant Clinic NEW HAVEN. ● Festival at Hyannis.000 square foot retail property which was an 18-month investment and yielded a 56% IRR and $8. Summer 2000: YALE LAW SCHOOL. 2001-2005 CROW HOLDINGS. CT Summer Fellow ● Assisted in the representation of tenant clients in City of New Haven Housing Court. IL 1997-2001 CORNELL UNIVERSITY Bachelor of Science. Coordinated environmental remediation. Real Estate Investment DALLAS. ITHACA. 1999-2001.W. asset management and sale of the 210. NY EXPERIENCE Summer 2005 JOSEPH FREED & ASSOCIATES. Lease-up of 15. Participant and Volunteer. Volunteer 2002-2004. EVANSTON.5 million square feet of space. NJ: Acquisition. 2007-08. 2002-2005.5 million in profits.edu EDUCATION 2005-2008 KELLOGG SCHOOL OF MANAGEMENT & NORTHWESTERN UNIVERSITY SCHOOL OF LAW Candidate for Master of Business Administration and Juris Doctorate. TX Vice President 2004-2005 / Associate 2003-2004 / Financial Analyst 2001-2003 ● Led the acquisition of 9 retail properties totaling over $260 million in investments and 1.000 square foot retail property which was a 2-year investment and yielded a 60% IRR and $12.E. IL 60201 (312) 493-2596. Denver. CO: Acquisition. OTHER DATA ● Fluent in Spanish. #3W. ● Negotiated 35 leases comprising 70. Private Equity Club. ● Was responsible for calculating the portfolio level returns of the $250 million private equity fund. jpriest2008@law. ● C. Dallas Public Library. Evanston.000 square feet of vacancy. Created model for all Crow Holdings real estate investment returns for 1994-1999.9 million in profits. multi-family. ● Completed analysis of zoning law applicable to a condo development in Michigan. office.northwestern.000 square feet of space. industrial. Legal Services. Commercial Real Estate Women. Board Member 2006-07.6 million in profits.

FactSet. CA Acquisitions. and Closings • Modeled property cash flows and returns for potential industrial. Enjoy taekwondo.PETER M. 2006 . • Calculated project and portfolio level incentive fees to determine the distribution of proceeds to partner. environmental. Volunteer tutor at Back-on-Track. • Performed hold/sell analysis for select assets. ability to pay. Word. Volunteer camp counselor for Camp Okizu. PowerPoint. October. and FirstCall. • Maguire Properties Inc. urban development. December 2000.5 million common stock offering. – Advisor for the $700 million initial public offering. Avid reader of Chinese and Taiwanese history and philosophy. Bloomberg.edu EDUCATION 2006-Present KELLOGG SCHOOL OF MANAGEMENT NORTHWESTERN UNIVERSITY Candidate for Master of Business Administration degree. Finance. IL 60201 (415) 606 – 7383 ptsai2008@kellogg. leveraged buy-out. Taipei. • Prepared financing packages for project level construction loans totaling $100 million in loan proceeds. which became a template for future requests. Fluent in Mandarin Chinese and Taiwanese. • CNL Hospitality Properties – Sole advisor for the acquisition of selected assets of Strategic Hotel Capital. • Intended majors in Real Estate. and snowboarding. and Holy Angels. and net asset value analyses. • RFS Hotel Investors – Sole advisor for a $14. • Generated investment summaries and underwriting packages for 13 acquisitions totaling $653 million. golf. tenants. TSAI 1575 Oak Avenue Apt. retail. resulting in dispositions totaling $141 million. • Authored equity memorandum for major institutional client. • Negotiated deal terms with developers to finalize letters of intent.northwestern. ADDITIONAL DATA • • • • • • Proficient in Argus. tennis. and zoning reports. • Reviewed due diligence materials including ALTA. 2001-2003 BANC OF AMERICA SECURITIES Investment Banking Analyst. a weekly mentoring and tutoring program for San Francisco youth. homebuilding. UNIVERSITY OF CALIFORNIA AT BERKELEY Bachelor of Arts degree in Economics. Real Estate Sector San Francisco. discounted cash flow. and Entrepreneurship. and travel & leisure industries. 34 Evanston. • Negotiated lease proposals with potential brokers. PEEK. Real Estate Development & Value-Added San Francisco. and multifamily acquisitions. purchase and sale agreements. joint venture contracts. office. CA Financial / Analytical Ability • Performed financial analysis for public and private companies using precedent transactions. • Member of the UT Austin Real Estate Challenge • Member of Real Estate Club. Dispositions. • Specialized in the lodging. IL 1997-2000 Berkeley. entitlements. volleyball. and development management agreements. June 2008. title. and developers to choose best leasing strategy. • Reviewed monthly draws to monitor and evaluate multiple development and value-added projects. skiing. Significant Transaction Experience • Barceló Hotels & Resorts – Sole advisor for the $570 million acquisition of Crestline Capital Corporation. Finance. a camp for cancer children and their families. Microsoft Excel. Portfolio Management & Asset Management • Composed institutional client’s Annual Plan and Quarterly Investment Reports. basketball. • Assisted in establishing portfolio-wide revolving line of credit used for project level bridge financing. • Drafted private placement memorandum for a real estate operating and development company seeking to raise $800 million in private equity. accretion / dilution. Taiwan • Economics Tutor at the UC Berkeley Student Learning Center Evanston. • Education Abroad Program at National Taiwan University. CA EXPERIENCE 2003-2006 RREEF AMERICA LLC Associate.

111 East Chestnut, #17B Chicago, Illinois 60611 (773) 209-6482 jerrod_wigal@hotmail.com

Jerrod L. Wigal

Work Experience
Cushman & Wakefield Chicago, IL Associate – Investment Sales, 2004-present Worked on behalf of institutional investors in the sale of office properties throughout the Midwest. Total transaction volume of approximately $2.1 billion to-date. Prepared offering memoranda for distribution to potential investors. Built complex financial models discounting future cash flows to derive the value of client assets. Analyzed lease data, operating expenses, capital expenditures and future assumptions during due diligence and modeling. Maintained continuous client contact to ensure accuracy of data. Participated in all aspects of property marketing including property tours, comparing initial bids, qualifying potential buyers and supporting buyer due diligence. Zaragon Chicago, IL Analyst, 2002 – 2004 Assisted in due diligence for acquisition, disposition and refinancing of office, mixed-use and multifamily properties. Responsibilities included updating rent rolls, lease abstraction, completing loan application documents and securing third-party reports. Supported investor relations. Prepared investor packages on new investment opportunities. The Bedford Group Junior Associate, 2001 – 2002 Consulted with Fortune 500 clients to identify and provide solutions to their marketing communications needs. Contacted and interviewed advertising agencies, brand identity and design firms to service client accounts of $5-30 MM. Assisted in new client development by composing reports summarizing financial, competitive and product aspects of client and prospect organizations. Atlanta, GA

Education
Kellogg School of Management – Northwestern University Master of Business Administration candidate, May 2007 Intended majors in Finance, Real Estate, and Entrepreneurship. Co-President of the TMP Real Estate Club Emory University Bachelor of Science summa cum laude, May 2000, GPA: 3.8/4.0 Honors: Dean’s List, Emory Merit Scholarship recipient, Phi Sigma Honor Society Chicago, IL

Atlanta, GA

Professional Affiliations & Activities
Illinois Real Estate Salesperson license Urban Land Institute - Associate Member Hobbies include playing/organizing intramural sports, playing tennis, skiing and reading.

Michigan

University of Michigan Stephen M. Ross School of Business

Joanna Beck

Mike Dzamba

Sandeep Patel

Rachael Preston

Naazneen Rahman

Brian Stearns

BECK EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor. Apartment 4833 • Ann Arbor. NV Project Manager • Led fifteen-member multi-company team that revised and tested Smoke Evacuation and Fire Alarm System for 1. Real Estate Club. • Created project budgets. Developed & negotiated subcontracts within the scope of this agreement. 1999-2000 Washington. enjoy playing golf and indoor cycling. Assistant Project Manager. BOVIS LEND LEASE. CA Corporate Finance Intern • Created new Corporate Overhead allocation methodology for whole company resulting in more transparent business unit P&L statements. • Race for the Cure participant (3 years). • Managed over $50MM (multiple subcontractors) of $135MM project including bidding and contract negotiation. • Organized and led summer intern outing in San Francisco to introduce the area to and foster candid conversation between interns and full time employees. Assistant Project Manager. designer and contractor on fast-track exterior private residence construction for principal of national client. Ross School of Business Master of Business Administration.1208 Astor Drive. NAIOT INCUBATOR (ISRAEL) Celakovice. Ross Soccer Club and Wolverine Wine Club CORNELL UNIVERSITY Ithaca.P. Czech Republic Consultant • Developed Europe and US market entry strategy for medical device. MI 48104 joannabe@umich. developed and integrated cost reductions and managed work and change orders resulting in average of 1% savings at job completion ($12MM $50MM projects). including product positioning and partnership options. youth soccer coach and charity volunteer September 2006 . 1998-1999 Boston. New methodology presented to all levels of management for approval. ENDOCROSS LTD.edu • 702. more streamlined design revisions.A.3MM square foot building resulting in Fire & Building Department turnover 30% ahead of industry standard schedule. On-time turnover enabled Owner to meet lending requirements for future building phases. NY College of Engineering Bachelor of Science. DC • Managed $1MM National Park Service renovation for neighborhood improvements prior to mixed-use project opening. • Created company valuation to size market potential and analyze market entry options.804. April 2007 • Emphases in Finance and General Management • Co-Director of Finance for M-Trek (Outdoor Leadership Program) • Awarded Michigan Business Scholarship • Member of Finance Club. Discretely managed work & payments so family could enjoy weekend home. Park featured in second season of "West Wing" television program. MI Stephen M. Negotiated with senior management of utility company for early completion and faster. Adhered to planned 16-month schedule despite 40 days of weather delays and three months of City utility delays. MA M. August 1998 • Elected Community Service co-Chair of American Society of Civil Engineers (ASCE) EXPERIENCE Summer 2006 INTEL CORPORATION Folsom. 2006 2000-2005 1998-2000 ADDITIONAL • Downhill skier.2634 JOANNA L. • Assisted in creation of first local Guaranteed Maximum Price contract with national client. • Directed $2MM project with local utility company. • Acted as liaison between Owner. THE WHITING-TURNER CONTRACTING COMPANY Las Vegas. Civil Engineering (Structural). INC.

First Albany Capital Inc. ADDITIONAL • Institutional Equity Research Sales Associate at Investec Inc. April 2007 • Emphases on Finance and Real Estate Development • Selected as VP of Real Estate Finance for Michigan Real Estate Club • Selected as a Career Counselor by the Office of Career Development • Selected as a Committee Chair for Go Blue! Rendezvous 2006 • Elected Section President by 80 peers • Member of Finance Club Ann Arbor. Dean's List 4 semesters • Won 2001 Lowes Case Cup Competition for development of original entrepreneurial idea and subsequent business plan • Completed international exchange program with Middlesex University in London. Institutional Equity Research Sales. Global Real Estate Investment Bank. • Conducted LBO analyses to support 3 potential acquisitions ranging from $200 million-$3. resulting in over $150K in recurring new business during 2H04. Analyses were presented to financial sponsors. regarding a potential $300 million acquisition. tennis. NC The Wayne Calloway School of Business and Accountancy Bachelor of Science in Business. EXPERIENCE 2006 Summer DEUTSCHE BANK SECURITIES INC. including accretion/dilution and reverse merger analyses on 3 industry competitors.428 Hamilton Place • Ann Arbor. • Performed analyses including comparable company and precedent transaction to generate investment recommendations across 8 industry sectors. resulting in an average increase in revenues of 200% per account in 2004.Associate.3 billion real estate developer.edu • 518. • Led cross-functional team in redesigning format of firm's research brief. • Identified and pitched new client accounts. sports (skiing. (2001-2002) • NASD Series 7 & 63 Licenses • Enthusiastic about travel. which is distributed to over 700 clients daily. modeling and security valuation. 2003-2005 THE BUCKINGHAM RESEARCH GROUP INC. Ross School of Business Master of Business Administration.331. analyst reports and market research.8265 MICHAEL DZAMBA EDUCATION UNIVERSITY OF MICHIGAN Stephen M. • Trained junior sales associates with respect to financial analysis.Account Executive. (2002-2003). 2003-2004 • Collaborated with team of senior vice presidents to analyze and develop investment ideas for institutional clients. 2004-2005 • Developed investment recommendations for top-tier institutional accounts. New York. Davis Scholarship for academic merit and potential for leadership. NY • Advised the management of a $2. MI WAKE FOREST UNIVERSITY Winston-Salem.3 billion REIT. generating over $7M in revenues during 2003. golf) and music September 2006 . IL • Provided strategic acquisition overview for the management of a $2 billion Forest Products company. Provided sum of the parts and comparable valuation analyses for the all stock transaction.Summer Associate Chicago. • Prepared LBO and comparables analyses for the potential acquisition of a $3.5 billion in the Capital Goods space. May 2001 • Awarded Thomas H. NY Institutional Equity Research Sales.K. MI 48104 mdzamba@umich. Global Industrials Investment Bank. U. Utilized data sources including company financial statements.Summer Associate New York.

IL EXPERIENCE 2006 CREDIT SUISSE New York. • Prepared and presented Credit Committee memo to senior bankers for approval of a $1.839 Tappan Avenue. and Wine Club UNIVERSITY OF ILLINOIS College of Engineering Bachelor of Science. college football. resulting in revenues of $3 million and 20% in annual savings. 1 • Ann Arbor. and Spain • Interests include tutoring. GA Consultant. • Assisted senior managing directors on various pitches for homebuilding and upscale lodging companies that highlighted the financial and strategic aspects of the business. • Conducted valuation using sum-of-the-parts. 2003-2005 • Modeled and supervised a group risk rating application business case with aggressive deadlines. • Managed team of 12 analysts and consultants to research healthcare industry portal trends and prepare final presentation for the CIO.517. wine tasting. golf September 2006 .5 million per year. Golf. • Prepared a seventy-five page proposal highlighting Accenture's capabilities in the healthcare IT strategy arena. MI 48104 sandeepp@umich.edu • 678. • Created development and code migration standards for a $20 million project. Real Estate. 2001-2003 • Designed and developed the business architecture for an online consumer portal.5 billion participation to develop bidding strategy in a management-led buyout for a diversified REIT. • Led cross-functional team of 6 consultants and clients to develop the business case for utilization of new online portal. Apt. Malaysia. Analyst. and comparable company analysis to determine appropriate purchase price. • Developed Investment Banking Committee memo for participation as a co-lead manager for a $170 million follow-on common share offering for a leading REIT. 2006-2006 • Completed extensive due diligence with company’s senior management in a $2. • Performed due diligence for the client's application and related assets to validate business continuity execution. May 2007 • Emphases in Finance and Corporate Strategy • Elected Southern Club Admissions Liaison Officer and selected to serve as Student Ambassador for Admissions Office • Member of Finance. NY Investment Banking Summer Associate. MI Stephen M. France. translating to savings of $5 million in claims expenses. Computer Science.1 billion term loan in the management-led buyout. generating additional revenues of $2. discounted cash flow. 2001-2005 ADDITIONAL • Recent travels include trips to India. • Analyzed business operations model and costs to identify realignment of business processes. May 2001 • Served as President of Engineering College Leadership Council • Recipient of Governor's Student Scholarship • Elected VP of Indian Students Association Champaign. • Researched and analyzed membership data to map requirements to business capabilities for the provider and employer portal used by 12 million healthcare consumers.6273 SANDEEP PATEL EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor. Ross School of Business Master of Business Administration. UMBSA. • Developed a medical underwriting scenario model to identify patients with chronic disease. which was later adopted by entire IT organization. ACCENTURE Atlanta.

• Negotiated research grant statement of work to provide FAA client with desired technology development in compliance with federal standards.edu • 240. and other social policy statutory requirements to recommend land values for a public-private mixed development site • Recommended an affordable housing policy for a new Washington. evaluating vendor billing. • Ann Arbor.5801 RACHAEL PRESTON EDUCATION UNIVERSITY OF MICHIGAN Stephen M. 2003-2005 October 2006 . Summit St. DC and Ann Arbor. Junior Analyst. DC Summer Associate • Modeled sources and uses for AWC sites in the exciting new Washington Nationals Ball Park District including infrastructure costs. deadlines. • Supervised verification and auditing of maintenance contract budgets leading to implementation of new tracking system. • Developed and leveraged a private industry relationship to partner in new techonology development. 2003-2004 • Defined and managed deadlines during management of one year technology development research project valued at $50K. ADDITIONAL • Habitat for Humanity Multidisciplinary Action Project: Recommended an organizational strategy for domestic disaster relief based on ongoing experiences in the Gulf Coast • Manage financing and leasing of two investment properties in Washington. MA Bachelor of Arts. DC public corporation resulting in a politically and financially viable solution • Valued AWC social policy initiatives and statutory requirements to provide a framework for selecting financing strategies and an organizational mission BLACKHAWK MANAGEMENT CORPORATION Washington. • Pursued training to develop critical database tracking sensor research and maintain existing monitoring system of Federal Automated Weather Observing Systems.dcbocce. Ross School of Business Master of Business Administration. Captain 2001 EXPERIENCE Summer 2006 ANACOSTIA WATERFRONT CORPORATION Washington. and accomplished theme-party hostess. Australia • Member Varsity Lacrosse Team 1998-2001. and quality to ensure maintenance of critical weather sensing systems. May 2001 • Study Abroad Fall 1999 University of New South Wales.com. saving client $20K. • Proud Philadelphia sports fan. MI SMITH COLLEGE Northampton. affordable housing.210 W. DC Program Analyst.476. May 2007 • Emphases in Real Estate Development and Finance • Selected as Career Counselor for Office of Career Development • VP Marketing. MI 48103 rachaelp@umich. VP Marketing Southern Club • Recipient of Merit-based Michigan Distinguished Leaders Award Ann Arbor. Real Estate Club. MI. • Established leadership dynamic with academic team including students and professors at remote location to ensure completion of research meeting client expectations and federal requirements. • Co-founder and member of Board of Directors of the DC Bocce League as featured in the Washington Post summer 2006 www. 2004-2005 • Managed Federal Aviation Administration hardware contracts and projects for FAA client. golfer.

• Conducted LBO analysis of $3 billion shopping center REIT (real estate investment trust). • Prepared DCF. • Licensed Architect in United States.658. June 1996 • Graduated with High Distinction (GPA 3. • Performed valuation analysis. generating $3M in marketing revenue. NORDSTROM SAMSON ASSOCIATES Farmington Hills. May 2007 • Emphases on Finance and Strategy. managed capital improvements. • Club Membership. May 1992 • Graduated with High Distinction (GPA 4.Real Estate Sector • Advised multi-national. improved rents generating $11K in cash flow for CY04.com • 734. • Developed financial valuation and industry analysis for $1 billion buy-side transaction of top 15 U. resulting in first new high school in Detroit in over 25 years. descriptive memorandums. Finance.I of 4% for CY04.11270 Maple Valley Drive • Plymouth. MI Founder/Principal • Own/Manage Real Estate Investment Company with investment portfolio of $500K. MI Lead Design Architect • Led 12 person design team on $60M Arts High School in downtown Detroit.S. FANNING/HOWEY ASSOCIATES Novi. Great Britain and India. executed projection models. won project. HAMILTON ANDERSON ASSOCIATES Detroit.0/4. generating $4M.8/4. and comparables analyses of $2 billion mortgage real estate investment trust for presentation to management.Real Estate. driving $18M in revenue. Ross School of Business Master of Business Administration. College of Architecture and Urban Planning Master of Architecture and Urban Design. IL Investment Banking Associate . MI 48170 naazneen_rahman@hotmail.0) ANNA UNIVERSITY School of Architecture and Urban Planning Bachelor of Architecture and Urban Planning. • Led 12 person cross-functional team to respond to $210M RFP (request for proposal) for 3 retirement campuses. management due-diligence sessions. Chicago. • Elected President of the Michigan Real Estate Club. Consulting & Michigan Business Women. August 2006 1998-Present 2004-2005 2002-2004 1996-2002 ADDITIONAL . MI Stephen M. • Watercolor and Charcoal artist. REIT (real estate investment trust) in $600 million sell-side transaction of two minority-owned assets. analyzed operational expenses.O. accretion/dilution. LLC Plymouth. materials presented to financial sponsor groups. Home builder.0) Madras. R. NSR REAL ESTATE SERVICES. India EXPERIENCE Summer 2006 JPMORGAN CHASE & CO. MI Project Manager/Design Architect • Developed financial model and business plan for engineering group procurement. • Performed a hold/sell analysis for local school district on $105M property supporting the portfolio manager decision to sell the asset. sold 12 pieces at local art fairs. MI Project Manager/Design Architect • Analyzed financial budgets and created growth model for internal design group that led to national recognition. • Elected as Ross Alumni Development Committee Section Leader.5475 NAAZNEEN J RAHMAN EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor.

Debt Financing Bethesda. Ross School of Business Master of Business Administration. Selected as Director of Education and Special Events for both Sports Business Association and Golf Club • GMAT: 760. VA Bachelor of Arts.edu • 703.4755 BRIAN STEARNS EDUCATION UNIVERSITY OF MICHIGAN Ann Arbor. Economics and East Asian Studies. and financial business case for $800 million complete customer service outsourcing deal at national utility company • Developed tariff scenario model to analyze over 2.1101 Henry St. Fall 2000 EXPERIENCE Summer 2006 UBS INVESTMENT BANK Chicago.S. business technology officers and assist in IT strategic planning.431. Osaka. homeowner • Featured in "Whaddyado?". IL Summer Associate.000 power-supplying assets. MD • Avid skier. an educational children's television program on heroism and coping with life-threatening situations October 2006 . Chosen to lead follow-on effort for Canadian card business • Implemented balanced scorecard and business management model at $11 billion national electricity generator to formalize data analysis and reduce complexity of reported metrics (from over 200 to 30) • Developed unique solutions and marketed Deloitte’s multi-disciplinary capabilities in response to sales opportunities that resulted in over $15 million of new business • Selected by firm leadership from among top 5% of experienced analysts and consultants to train newly-hired business analysts Business Analyst. renewable energy. contract negotiations. 2002-2004 • Managed vendor selection. M&A and Midwest Coverage • Performed valuation and merger consequences analyses for M&A opportunities. lacrosse player and golfer (6 handicap). MI 48104 stearnsb@umich.5% reduction of annual energy spend at $71 billion cable company • Collaborated with legal counsel to develop expert written testimony in support of regulated utility’s request to increase rates and earn fair return on $78 million invested in customer service enhancements • Supported $26 billion post-merger integration of two aerospace and defense manufacturers. merit-based full tuition scholarship • Selected as Career Counselor and Global Blue Mentor. DC Consultant. • Ann Arbor. with responsibility for assessing defense profile and establishing fair market valuation through discounted cash flow and comparables analyses • Advised $7 billion engineering and construction services company on capital raising and cash management. MI Stephen M. across industrial. Elected Section Treasurer • Member of Finance and Entrepreneur and Venture Clubs. Strategy & Operations. June 2002 • Graduated Magna Cum Laude • Completed exchange and homestay program: Kansai Gaidai. including provision of equity shelf and credit revolver products DELOITTE CONSULTING Washington. 2004-2005 • Assisted Financial Services Southeast Region Lead Partner to develop a 3-year strategic plan and growth model to attain over 300% revenue growth in region • Developed competitive intelligence for $23 billion global credit card issuer to educate U. 99th Percentile WASHINGTON & LEE UNIVERSITY Lexington. media and healthcare industries • Provided takeover defense advisory to $2 billion construction equipment manufacturer. April 2007 • Awarded Dean’s Fellowship. Strategy & Operations. Japan. including LBO and Reverse Morris Trust transactions. identifying $30 million in annual synergy savings within internal information systems group 2002-2005 Summer 2001 ADDITIONAL WALKER & DUNLOP REAL ESTATE AND FINANCIAL SERVICES Analyst. outdoor enthusiast. resulting in 7.

NYU .

New York University Leonard N. Stern School of Business Henry Kaufman Management Center 44 West Fourth Street New York. NY 10012 William Bond: Matthew Lawrie: Daniel Engle: Allan Serviansky: Jennifer Karol: Derek Wedgeworth: .

• Built historical and projected earnings and cash flow analyses. Stern School of Business Master of Business Administration. Member: Real Estate Club. and the National Association of Industrial and Office Properties. Apt. FERRIS.000 in fee income in 2004. assisted in drafting and editing published research. underwrote. INC.000 budget of college-sponsored social house Experience: 2006 ABP INVESTMENTS US. reviewed appraisals for proper methodology and appropriateness of comparables. Home Builders Association of Maryland. closed in excess of $30 million in new loans and generated greater than $200. New York. and presented at approval committee. and mountain biking. The Urban Land Institute. BAKER WATTS. performed comparable multiple analyses. • Prepared proposals. • Assisted in deal structure and terms negotiations with general partners and attorneys. MD Research Associate • Wrote articles highlighting new equity research coverage for weekly Front Line newsletter. MD Assistant Vice President .Real Estate Group Loan Officer . • Originated. May 2000 • Graduated cum laude • Studied for a semester at University of Melbourne in Australia • Four-year letter winner on nationally-ranked lacrosse team • Leader and member of allocation committee for $10. BOND 337 W 21st Street.North American Strategic Real Estate Fund • Evaluated and researched real estate investments in private limited partnerships using techniques such as IRR and fee waterfall analyses. • Managed and developed existing and prospective client relationships. NY Summer Portfolio Analyst / Term Time Intern .WILLIAM O. • Wrote and assisted in presenting committee approval memoranda for $50 to $200 million private partnership investments. May 2007 Specialization in Finance • Co-Captain Rugby Football Club. Graduate Finance Club and Association of Investment Management BOWDOIN COLLEGE Brunswick. • Analyzed and projected property type performance by geographic market. Government and Legal Studies. reviewed documents.nyu. music. Relationship Associate . traveling. NY 10011 Tel: 410-499-4840 E-mail: william. SUSQUEHANNA BANK Towson. contacted investment advisors with breaking news regarding their clients’ holdings. • Interests include golf.to medium-size regional commercial banks.Real Estate Group • Inspected and evaluated real estate held as collateral using discounted cash flow analyses. and gained committee and board approval for residential and commercial real estate loans ranging in size up to $16 million. 3A New York. NY Leonard N.Real Estate Group • Managed $50 million real estate loan portfolio. Baltimore. backpacking.bond@stern. • Developed and implemented new policy and procedure for evaluating financial performance of portfolio loans increasing the percentage of loans reviewed from 60% to nearly 100%. 2004-2005 2003-2004 2002-2003 2001 Additional: . • Assisted equity research analyst covering small. • Represented bank at conferences and industry events as a member of the Maryland Bankers Association. ME Bachelor of Arts. INC. presented.edu Education: NEW YORK UNIVERSITY New York. • Negotiated loan structure and documentation with clients and attorneys.

Stern School of Business Master of Business Administration. Consortium for Graduate Studies in Management tuition fellowship • President. NY Leonard N. CA 2002-2005 Summer 2001 Summer 2000 Bethesda. CA New Orleans. Sociology. FL. and multi-tenant offices A. Fannie Mae. multi-family. NY 10026 Tel: 415-867-6493 E-mail: daniel. 2002 Experience: Summer 2006 Carlton Senior Living Associate Developer • Sourced sites for development • Analyzed potential acquisitions and development projects • Routinely negotiated the terms of financing with lenders • Negotiate terms for acquisitions • Over see the development or rehab projects • Demographic Analysis ARROYO & COATES INC. CA Associate Director • Sourced and maintained several hundred important new client relationships • Significantly improved lender relations and financing compatibility • Routinely negotiated the terms of financing with lenders • Created several innovative loan programs with lenders to fit certain client’s needs • Completed substantial projects in excess of $300 million in financing • Financed single-tenant retail. Minor in Business May. MD .C. Muy Thai Kick Boxing.nyu.DANIEL JOSEPH ENGLE 492Laguadia Place. May 2007 Specialization in Real Estate Development • Stern Fellowship Recipient (merit-based) • Recipient. Stern Real Estate Club • Member of the Family Business Club and of the Association of Hispanic Black Business Students TULANE UNIVERSITY Bachelor of Art. Wrestling Club.engle@stern. metropolitan area Additional: • • Member in San Francisco Bay Area Mortgage Association Interests include Sailing. 3A New York. F. Apt.edu Education: NEW YORK UNIVERSITY New York. conduit. assisted living. EVANS COMPANY INC. LA Martinez. San Francisco. Ceramics San Francisco. MI and OH • Conducted market analyses for apartments in D. Rugby. AZ. Internship • Conducted market analyses and surveys for apartments and condos • Acted as liaison to San Francisco and government agencies • Organized financial records for tenant relocation • Configured California Housing Finance Agency (CHFA) closing binder • Formulated reports for top management HARVEY PROPERTY MANAGEMENT and DEVELOPMENT Internship • Formulated Utility Deregulation strategy for upper management • Analyzed and reconstructed 42 leases • Corresponded and negotiated terms with tenants and vendors • Conducted property inspection • Established Certificate of Insurance process • Learned to develop multi-family and commercial strip malls • Assisted with new retail office/hotel developments in CA.

JENNIFER L. KAROL 298 Mulberry Street, Apt. 7L New York, NY 10012 Tel: 646-379-1704 E-mail: jennifer.karol@stern.nyu.edu Education: New York, NY NEW YORK UNIVERSITY Leonard N. Stern School of Business Master of Business Administration, May 2007 Specialization in Finance, Management, Strategy • Vice President Events, Real Estate Club • Vice President Marketing & Events, Social Enterprise Association • Coursework: Real Estate Development, Financial Modeling, Social Enterprise Development Boulder, CO UNIVERSITY OF COLORADO Bachelor of English Literature, summa cum laude, May 2000 • Phi Beta Kappa, and Golden Key national honor societies • Awards: Arnold National Merit Scholarship, Certificate of Outstanding Community Service • Member: University of Colorado freestyle ski team Experience: Summer 2006 New York, NY ARCHSTONE CONSULTING Summer Associate • Designed and implemented content management model incorporating HR, store systems, and operations policies for Fortune 500 client, resulting in improved corporate communications and store operational efficiency. • Conducted in-depth interviews with client’s senior management team to inform content management governance and process models on intranet site. • Analyzed compensation structures and trends in the insurance industry resulting in successful RFP bid for a $1 million project. New York, NY PENN, SCHOEN, AND BERLAND ASSOCIATES (a WPP Group company) Director • Consulted to two of the firm’s largest clients on a variety of strategic marketing and communications initiatives, including customer relationship management, brand positioning, messaging and advertising optimization, PR opportunities, and crisis communications. • Managed over $2 million in consulting and research projects leading to project revenue growth of more than 50%. • Developed strong client relationships and presented strategic recommendations and implications to senior management clients. • Assessed and developed a U.S. market positioning strategy for a Global 100 client, resulting in improved financial analysis of advertising spend impact and brand tracking metrics. • Directed a 2004 presidential candidate analysis project, resulting in national press coverage by The Wall Street Journal, The New York Times, PBS, CNBC, and CNN. Research Analyst/ Project Manager • Led cross-functional team on a global customer satisfaction study for a major communications technology client. • Created market and customer analysis research plans for clients such as Avaya, BP, ConAgra, Goldman Sachs, KPMG, Siemens, and Unilever. • Managed all aspects of quantitative and qualitative research projects including proposal and questionnaire development, fieldwork, data analysis and report writing. New York, NY ABERCROMBIE & FITCH Associate Market Researcher, Global Concept • Established trend and market research programs for four distinct brands focused on lifestyle dressing for girls and women aged 11 – 30. • Presented research findings bi-weekly to senior leadership team including CEO, senior-level designers and merchants. • Developed pricing recommendations resulting in increased revenue of over $3 million • Identified opportunity for Abercrombie kids brand to grow pants business, resulting in over 20% increase to total girls bottoms business in 2003. • • Member: Urban Land Institute Young Leaders Group Other interests include skiing, travel, community service, kayaking

Experience: 2004-2005

2000-2002

2002-2004

Additional:

264 5th Avenue, Apt. 4F Brooklyn, NY 11215 Tel: (917) 771-9701 E-mail: matthew.lawrie@stern.nyu.edu Education: NEW YORK UNIVERSITY Leonard N. Stern School of Business Masters of Business Administration, May 2007 Specialization in Finance, Accounting and Entrepreneurship • ARGUS class by ACG Professionals • Vice president of Real Estate Club • 2nd Place finish: UNC Real Estate Development Case Competition, 2006 New York, NY

MATTHEW LAWRIE

UNIVERSITY OF WATERLOO Waterloo, Canada Masters of Architecture, January 2004 • Publicly presented and defended 200 page thesis to four member panel and audience of one hundred peers Bachelor of Environmental Studies – Architecture, January 2000 • Ranked top 5% of class Experience: Summer 2006 PACIFIC PROPERTY COMPANY Palo Alto, CA Associate, Acquisitions, Real Estate • Underwrote acquisition deals ranging between $10M - $220 M for real-estate company that specializes in Core and Value-add multi-family investments • Created financial model that analyzed property cash flows and tracked variance to underwritten pro-forma assumptions • Directed design efforts for strategic repositioning of $50M asset with an expected NOI increase of over $990,000 (over 30% increase) per year over current collected rents • Assembled investment committee packages AIR FINANCE CORPORATION Part-time Analyst, Real Estate • Created Excel model to analyze existing and projected real estate portfolio New York, NY

Spring 2006

2004-2005

ARQUITECTONICA New York, NY Associate Project Manager for 29 Unit Townhouse Development • Performed cost analysis of various construction techniques to minimize project budget • Implemented value engineering changes estimated to save $2.6 million (23% of construction budget) while maintaining original design integrity • Reviewed engineering drawings and coordinated structural, mechanical, electrical and plumbing systems • Assisted in running weekly meetings designed to coordinate diverse needs of client/developer, engineers, construction manager, and marketing group and presented design developments to client and other professionals on weekly basis OVE ARUP ENGINEERING New York, NY Design Technologies Associate • Developed Excel and MATLAB models for visualizations of data sets for phenomena such as crowd behavior and acoustic-spatial properties • Collaborated as consultant with internationally renowned architects • Worked simultaneously on several intense, time sensitive projects • Researched and incorporated new technologies and techniques into building design and construction CHASSAY AND LAST ARCHITECTS London, UK Associate Architect • Assisted in construction management of £15 million renovation of historic 18th century row houses; responsible for managing construction change orders and performing site visits to inspect quality • Integrated HVAC and electrical systems with existing structural system in £10 million conversion of office building to hotel • Diploma of Jazz Performance, Tenor Saxophone, Malaspina University, Canada, 1996

2001-2002

2001

Additional:

ALLAN BENJAMIN SERVIANSKY
One Irving Place, Apt. V19B New York, NY 10003 Tel: 305-710-1400 E-mail: allan.serviansky@stern.nyu.edu

Education:

NEW YORK UNIVERSITY Leonard N. Stern School of Business Master of Business Administration, May 2007 Specialization in Finance • Fellow, Consortium for Graduate Study in Management. • President, Real Estate Club; Member, Graduate Finance Association.

New York, NY

WASHINGTON UNIVERSITY IN ST. LOUIS St. Louis, MO Bachelor of Arts, Psychology, May 2003 • Dean’s List, College Honors, Psi Chi National Honor Society, Order of Omega National Honor Society, Chancellor’s Dinner Honor. Experience: 2006 WELLS FARGO BANK, N.A. Washington, D.C. Summer Associate – Real Estate Group • Led the underwriting and valuation of a $595 million commercial real estate portfolio, a $900 million residential land portfolio, and a $14 billion bank. • Analyzed financial statements and conducted annual financial reviews for several large clients, including land developers, real estate investment trusts, and hotel/office/retail management firms. • Participated in the underwriting and structuring of a $28 million construction loan for a 170-room, fullservice hotel. • Met with prospective clients and conducted due diligence and valuation analyses during the credit approval process. LANDSTAR DEVELOPMENT CORPORATION Miami, FL Director of Land Banking • Structured land banking fund to provide financing to public homebuilders for the acquisition and development of residential properties ranging in size from $15 million to over $100 million. • Initiated relationships and negotiated agreements with public homebuilders, including several Fortune 500 companies. • Prepared project term sheets and pro forma documents used by directors as a basis for decision-making on land development opportunities. • Conducted market research studies in Las Vegas, NV; Lakeland, FL; Homestead, FL; Brevard County, FL and the Greater Orlando Area, and made recommendations regarding which markets would be most profitable to enter. • Executed joint venture transaction in Melbourne, FL grossing more than $70 million. • Facilitated negotiations for the acquisition of Central Florida homebuilding division by Toll Brothers. Land Acquisition Manager • Identified and researched more than fifty land acquisition opportunities throughout Florida, resulting in approximately ten Letters of Intent and three acquisitions. • Created development feasibility analyses and coordinated due diligence activities. • Supervised development activities for a 300-acre, 900-unit residential project in St. Cloud, FL. • Spearheaded business plans for entering Polk County, FL homebuilding and land development market with a 1,200-acre, master-planned community that has more than tripled in value, from $20 million to over $60 million. LANDSTAR HOMES Project Analyst • Implemented scope of work document system for sub-contract agreements. • Analyzed construction plans and participated in community planning. • Prepared 2004 cash flows and consolidated budget projections. • • Native Fluency in Spanish (both written and oral). Other interests include politics, boating and basketball. Orlando, FL

2004-2005

2004

2003-2004

Additional:

ROI) DARTMOUTH COLLEGE Hanover. Financial Analysis (NPV. Commodities • Reconciled daily positions to ensure accurate reporting of $44 million power/natural gas portfolio • Initiated and managed an IT/Middle office project for real-time automated broker confirm matching (avoiding +$7 million dollars in potential operational losses) • Applied derivative trading theory to provide deal management and analysis • Trained junior analysts in operational procedures and risk management theory • Communicated daily with traders regarding previous day MTM valuations J. public & persuasive speaking Computer Skills: Argus. tracked. Murex. responsible for budgeting and financing activities Experience: 2006-present Hanover Capital. Stern School of Business Master of Business Administration.A. weight training. Graduate Finance Association. LLC Carson City. Real Estate Investment Firm • Manage investor concerns and continuously seek new investment opportunities • Structured joint venture to develop a scattered site project in the Harlem region of Manhattan • Marketed investment opportunity and raised $100. and managed exposures for power and natural gas portfolios • • • • Real Estate Affiliations: ULI (Urban Land Institute).edu Education: NEW YORK UNIVERSITY New York. Marketing. detailed position and P&L analysis of power portfolios • Applied option theory and risk control concepts to provide timely and accurate reporting • Identified. natural gas. AAREPNY (African American Real Estate Professionals of New York) Communications: coursework in management communications. Sheba Dance Group. WEDGEWORTH 210 Cedar Street Hempstead. New York. OK Trading Analyst. NY Officer. NY Consultant. IRR.000 of capital from several individual investors BANK OF AMERICA. NY 11550 Tel: 516-238-7895 E-mail: derek. NY Real Estate Associates Program. N.DEREK R. Leasing. INC. travel 2003-2006 2003 2002 Additional: . Tulsa. Consortium for Graduate Study in Management REAP New York. NV Managing Partner. Derivative Confirmations • Drafted confirmations for financial power. Open Link Interests: skydiving. MORGAN CHASE & CO.wedgeworth@stern. June 2001 • Manager and Member. dance (salsa/swing/Hip-Hop).nyu. NH Bachelor of Arts.P. and interest rate swaps • Handled counterparty discrepancies and financial details of outstanding derivative trades and • Liaised with legal counsel regarding compliance with contract language WILLIAMS COS. NY Leonard N. Stern Real Estate Club (REC) • Member. Geography. ICSC (International Council of Shopping Centers). Risk Management • Provided daily. July 2006 • Focus: enhancing value via increased NOI and decreased physical and economic risk • Topics: Management. New York. Development. Strategy • Member. May 2008 Specialization in Finance.

Stanford .

Stanford Graduate School of Business Peter Ciganik Wendy Lowe David Park Ayesha Menon Bradley Weinberg .

Conant Prize in Science Organized econ. Access.stanford. Crystal Ball. NY 2003-2005 Mergers and acquisitions Identified and evaluated principal investment and acquisition opportunities for the firm’s Executive Committee. Developed simulation models to forecast real estate fund performance. MA 1997-2001 Professional experience MORGAN STANLEY REAL ESTATE FUND (MSREF) London. Weatherhead. Phi Beta Kappa junior year Hoopes Prize for best senior thesis. Soros and Krupp Scholarships. Prague. approved by the Investment Committee Analyzed a €547M potential investment in a portfolio of 28 office assets across Germany for MSREF Fund VI Developed valuation models and monitoring tools for investments in publicly traded hotel companies. market and competitor analysis for the firm’s executive management Project leader for strategy reviews of top 30 clients with the CEO and Exec. CapitalIQ. John Harvard. restructure and diversify portfolio Other selected engagements Operations and pricing engagement with a major US brokerage leading to cost savings of $75M over two years Turnaround project for a large European health insurer. advanced German. Led team of 5 account managers Responsible for developing three firm-wide initiatives to enhance Lehman’s focus on key PE and hedge fund clients McKINSEY & CO. Finance and Investment Club (CFO and member of Investment Committee) Organizer: Stanford Principal Investment Conference. and risk equity requirements for new funds Developed investor presentations for the launch of $1B Real Estate Mezzanine Fund Led analysis of $110M condominium development in Florida. Fluent in Slovak. 2001-2003 Personal MUSEUM OF AMERICAN FINANCIAL HISTORY Member of the Board of Advisors (Fundraising Committee). GPA 3. managed subsequent integration of acquired companies Team received Institutional Investor Deal of the Year for the acquisition of asset manager Neuberger Berman ($2. #410 Stanford. promotes. development conference in Singapore with President of Singapore. Frankfurt Summer 2000. Secretary General of ASEAN as keynotes Cambridge. Committee. including asset management. hedge fund and investment banking firms in the US and Europe. Lehman Brothers Real Estate Partners (LBREP) Worked with the head of the Private Equity Division on a long-term strategic plan to increase assets to $18B. CA 94305 (617) 909-6160 Ciganik_peter@gsb. operating economics of REITs and portfolio diversification strategies for real estate asset managers Worked with an asset management firm to divest industrial real estate holdings. UK Summer 2006 Real estate acquisitions and asset management Analyzed and presented a €104M investment in a premier office asset in Frankfurt. Developed valuation models. Bloomberg. Extend. Analyzed real estate cycles. Czech.PETER CIGANIK 736 Escondido Road. Identified and presented opportunities in the UK. Working closely with senior trustees SKILLS AND INTERESTS Argus. CA 2005-2007 HARVARD UNIVERSITY BA summa cum laude in Government (Political Economy). Reorganized regional sales groups and introduced new products Due diligence for KKR’s LBO of Yellow Pages Group ($343M) NY. approved by the firm’s Investment Committee New York.9. French and Hungarian hotel sectors for Special Situations Fund II Supervised a group of analysts monitoring the group’s €650M investment in a pan-European portfolio of shopping centers Prepared client presentations for the Board of a publicly traded UK office developer on a potential take-private transaction LEHMAN BROTHERS Private equity. NAIOP Stanford.edu Education STANFORD GRADUATE SCHOOL OF BUSINESS Club leadership: Real Estate Club. Responsible for developing a new fundraising strategy and materials for the Museum’s $10M capital campaign and relocation to 48 Wall Street. Factset. Received Royal Life Saving Society Certificate . identified revenue and cost synergies. Member: Urban Land Institute.6B) Corporate strategy Responsible for development of new business lines. crew member with the Royal Lifeboat Institution. Russian Former competitive swimmer. Real estate Developed proposal for a real estate service line within McKinsey’s financial services practice.

MO. Strategy & Operations Summer 2006 • Developed cross functional Sales Excellence program to increase Direct Sales revenues and productivity BEARINGPOINT.stanford. golf. CA. U. INC. Louis. Masters of Business Administration Candidate – June 2007 • Global Management Program. U.S. 94305. U. Senior Consultant (2001–2002). Managed product development and deployment lifecycles – forecasted $160M sales • Identified and executed business process improvement. Intern. Capital Markets 1998 • Conducted business and financial due diligence.K. U. Manager (2003–2005).Apt. Frisbee (Captain) ESCP–EAP EUROPEAN SCHOOL OF MANAGEMENT Madrid. cost reduction and business continuity opportunities for global financial services firm – $3. U. Analyst (1999) 1999–2005 • Youngest employee promoted to Manager.WENDY A. NY. London. Challenge 4 Charity Volunteer. • Developed and executed business.000 savings • Analyzed American fund managers to establish an indexed Eurobond offering ADDITIONAL • • • Languages: English (native). CA. Mentor students through Sponsors for Educational Opportunity and WBC Interests: Founded BahamaBound Excursions – immersion travel. LOWE 102 Hoskins Court . Bachelor of Science in Business Administration – Majors: Marketing and Spanish – May 1999 • Dean’s List. Caribbean Association (Vice President). operational and organizational strategy. music and travel – visited over 40 countries .5M annual savings BNP PARIBAS Madrid.A. Russian (learning) Community: Lead Women’s Bond Club Scholarship and Mentoring Program – raise and distribute $40. PE/VC Club. Spain Analyst. Spanish (fluent). Selected for Rising Star Award out of 3. Created Consultants’ Forum and Connectivity Initiative Engagement highlights: • Led 42 person team to develop innovative investment management product and spin off as new venture. movies. French (reading). Intern. tennis. (Formerly KPMG CONSULTING) New York.2M annual savings • Designed and implemented new business. +1 (917) 570-6019 • lowe_wendy@gsb.3M project execution annually • Managed new hire training and mentoring. process and organizational design and change for large global client organizations • Personally generated $2.A. systems and operational models to increase organizational efficiency for a major insurance company – $3.A. Active member Real Estate Club.S. Consultant (2000).A. including Spain’s largest financial services public offering for Argentaria Bank – raised over $200M in capital • Presented recommendations for improving global alignment of corporate processes – $500. Investment Club. Real Estate Acquisitions & Investments Summer 2006 • Performed analysis and made recommendations for potential real estate acquisition and development projects • Analyzed scenarios for London Estate office portfolio and made sale/purchase recommendations GOOGLE. Participated in drafting sessions and roadshows • Participated in public equity and debt offerings and financial advisory assignments. U. skiing. Spain European Masters in Management – Exchange Program – 1997–1998 • One of five selected from 75 applicants for intensive language.S.1M new business annually and managed $4. 316 • Stanford. INC. Academic Committee.000 annually. business study and internship program EXPERIENCE GROSVENOR GROUP. Travel Club WASHINGTON UNIVERSITY St. London. Undergraduate Mentor • Co-Lead Women in Management.S. LTD. Latin American Association (Treasurer).edu EDUCATION STANFORD GRADUATE SCHOOL OF BUSINESS Stanford. SCUBA Dive Master.K.000.

CA SG COWEN & CO. • Palo Alto. Christian Fellowship. travel.edu EDUCATION STANFORD UNIVERSITY GRADUATE SCHOOL OF BUSINESS Candidate for MBA • Academic Committee. Real Estate Club. structure.000 clients in 13 countries. of Congo. Kenya to launch new network • Represented microfinance program division to the Executive Team. shooting guard on JV basketball team EXPERIENCE Los Angeles. CA 94303 • (650) 714-5680 • park_david@gsb.D AVID C. CA JAMISON SERVICES Acquisitions Analyst Summer 2006 Real estate acquisition and property management company with over 100 buildings and $3. and Los Angeles Microfinance Technical Advisor 2002 – 2003 Internal consulting and project management: Assistance and support to program managers in conflict-affected countries. Rep. and outside constituencies − Presented at Harvard Business School Social Enterprise Conference panel on microfinance − Spoke to interest groups about microfinance at Harvard. Liberia. Cornell.stanford. golf. • Mozambique. Treasurer of Pforzheimer House. and performance standards for new network − Co-led global conference held in Nairobi. Kosovo. basketball. Philippines.5 MM in funding − Facilitated strategic and business planning process for senior management teams − Led implementation of management information system in Kosovo that introduced real-time portfolio tracking San Francisco. Uganda. • Conducted financial analysis and due diligence for office building and office park acquisitions • Evaluated private equity investment possibilities for company founder in various alternative industries • Researched investment fund structures and assisted in drafting first private placement memorandum • Reviewed budgeting parameters for similar property management businesses and developed budget parameters and oversight procedures for Jamison Baltimore. Rwanda. P ARK 1035 N. California Ave. cum laude • VP of Harvard Entrepreneurs Club. financial forecasts. Analyst 1999 – 2001 Financial analysis and process management • Developed models to determine financing feasibility of high yield debt offerings. leveraged buyouts. Houston. New Haven. MD WORLD RELIEF Director of Microfinance Institution Development 2003 – 2005 Strategic leadership: Defined and led implementation of strategy for programs serving 100. • Led initiative to form new holding company for mature microfinance programs − Facilitated review of ownership options for $7MM microfinance division. Washington DC Study Trip Stanford. and industry research into public offering documents • Managed and coordinated deal team communication within the bank and with other deal participants ADDITIONAL INFORMATION • • Interests include exploring the intersection of for.000 clients in 16 countries − Authored concept documents articulating purpose.5 billion in real estate assets under management. Dem. Sierra Leone − Managed team that conducted market research with 250 clients in six Mozambique provinces to reduce dropouts − Co-wrote proposals that received over $1. CA Expected June 2007 Cambridge. representing 50% of WR net assets − Led internal microfinance working group composed of executive team − Recruited external microfinance advisory committee to assist in the process • Co-led formalization of new microfinance network for three parent non-profit organizations and 17 microfinance organizations serving 115. Haiti. playing drums Proficient in spoken Korean . Board of Directors. and mergers • Synthesized due diligence. MA HARVARD UNIVERSITY June 1999 AB in Economics.and not-for-profit sectors. Burundi. Columbia.

CA Stanford Graduate School of Business MBA Candidate. comparable company multiples analysis. to JPMorgan Fleming • $219mm mortgage financing for MBO of portfolio of industrial assets from Reckson Associates • $500mm bought equity offering for Developers Diversified Realty • $460mm CMBS issuance (+$105mm mezzanine financing) for CalWest Industrial Properties Additional • Languages: English and intermediate French • Citizenship: US and UK • Interest: traveling. which closed in January 2005 New York. including identifying and conversing with industry experts such as consultants. Thesis: “Kowloon Walled City. Menon 680 Serra Street. NY Goldman. managers. NJ 1998 . ice cream . teaching them skills specific to the evaluation of real estate investment opportunities • Traveled throughout India to monitor existing projects.8bn leveraged buyout of LNR Property Corp. Club Experience Hyderabad. Sachs & Co. mid-year reforecasting. Terrace F. and leadership of industry associations . teaching & mentoring children. the making of an icon” • Vice President.In-depth industry research.2002 • Advisor to Cerberus Capital Management on its $3. investing. Cum Laude • Concentration in Architecture.e. merger analysis. Suite E382 Stanford.. (c) drafting of internal committee memoranda. American Special Situations Group 2004 Analyst • Evaluated various potential investments secured by commercial and industrial equipment and assets • Revalued Latin American portfolio of DVI’s assets (GS was DIP lender) New York. and analyzing business growth opportunities and exit strategies. CA 94305 (917) 656-8559 menon_ayesha@gsb.Detailed. Worked on the strategic acquisition of SETA. investment bankers. Responsibilities include working closely with CFO and CEO on tracking Apptis’s financial performance. DCFs. SEC documents. NY Goldman. outdoor exercise. (b) extensive on-site due diligence. and to meet with potential partners for new investments New York.Ayesha M. Real Estate Investment Banking 2002 – 2004 Analyst • Responsibilities included: (a) financial valuations.stanford.edu Education Stanford. i. sales force marketing materials and management presentations • Underwrote a variety of property types as well as large portfolios of assets for the purpose of mortgage financings Noteworthy Transactions Princeton. Ski & Snowboard Princeton University Bachelor of Science and Engineering. LBOs. furniture (building & designing). independent brokers. Private Equity. NY New Mountain Capital Middle Market Private Equity Fund focused on defensive growth businesses 2004 – 2006 Associate • Evaluated potential investments across many sectors. valued at $490mm. India Pragnya Investment Trust Real Estate Private Equity Fund focused on South Asian markets 2006 • Worked with the team to evaluate new investment opportunities in various cities in India • Supervised and mentored recent hires. team sports. including a $2. deal comparisons. Inc. urban design. Sachs & Co. reading. Women in Management.9bn committed financing package • Sale of 50% JV interest in Ontario Mills. Europe. June 2008 2006 – 2008 • Clubs: Real Estate. architecture. Civil Engineering. Finance & Investment. involving: . bottoms-up valuation analysis • Conducted several industry “deep-dives” as part of annual idea generation process • Work with a team to monitor portfolio company Apptis.

SNL DataSource.6 billion o 1 property portfolio acquisition for aggregate consideration of $523 million • Bradley Ross Weinberg Senior analyst on the sole lead-managed $465. responsible for coordinating campus visits and structuring interviews. financial and corporate due diligence. Corporate Relations) • Achievements: National Merit Finalist (Four year scholarship).0 billion o 13 initial public offerings/quasi-IPOs raising $3. Petersburg. 770-V) GMAT: 740 • Activities: Research Assistant for Finance department (Spring 2002). SDC Platinum.8 million initial public offering. St.3 follow-on common equity offering and $523 million property portfolio purchase for BioMed Realty Trust. Inc. basketball and golf.7 billion o 6 convertible and non-convertible debt issuances raising $1. TX Spring 2001 Big Brothers Big Sisters (Big Brother to 13 year old child of a single parent home) Program head of Raymond James volunteer education program at Academy Prep. FL 33607 (813) 368-6355 • brad. MergerStat. University Honors (Four years received) ACTIVITIES AND INTERESTS: • • • Houston.. sport fishing and travel COMPUTER SKILLS: • MS Office. recreational tennis. conducting interviews and evaluating candidates AIM Capital Management Houston.7 billion o 20 follow-on common equity offerings for aggregate proceeds of $2. Peer Mentor. performed valuation analysis. Honors Business Association (Four years). FL Real Estate Investment Banking Senior Analyst Fall 2003 – Current • Created complex valuation models.com PROFESSIONAL EXPERIENCE: Raymond James & Associates. The University of Texas at Austin Austin. Factset. Sigma Alpha Mu social fraternity (Four years). crafted client specific pitches.weinberg@raymondjames. TX Bachelor of Business Administration. performed property. a community sponsored school (roles include creating lesson plans and teaching finance and business practices to 8th grade students of low-income families) Enjoy authoring children’s poetry. tenant and financial due diligence. Business Golf Association (Co-founder. including: o 29 preferred equity issuances raising $3. telecom and homebuilding industries • Interacted with senior management on Company roadshows and provided investment recommendations for AIM High Yield Fund. prepared transaction roadshow materials. an approximately $800 million fund investing primarily in intermediate term BB or lower rated debt securities Halliburton Corporate Accounting Intern • Restated December 2000 balance sheet and obtained auditor approval for release to SEC • Streamlined and updated MD&A Excel templates for increased internal reporting functionality TL Ventures Venture Capital Intern • Analyzed business plans of prospective clients in biotech and telecommunications industry • Organized e-mail campaigns and print ads targeting clients in high-tech industry EDUCATION: McCombs School of Business. establishing detailed recruiting budget. communicated with co-managers and syndicate desk.4 billion. creating departmental marketing materials. assisted in drafting of S-11 filing and final prospectus • Appointed 2005 & 2006 head of analyst recruiting for Raymond James Investment Banking. organizing final round weekend events. High Honors May 2003 Major: Business Honors/Finance (15 hours of accounting completed) GPA: 3. closely interacted with client’s senior management from initial engagement through the pricing of the transaction. Inc. and composed requisite internal commitment documentation and selling memoranda for 69 successfully completed REIT. $340. Bloomberg. performed property. Thomson Analytics . homebuilder and lodging C Corporation private and public Company transactions aggregating $11. TX High Yield Buy-Side Summer Analyst Summer 2002 • Performed credit analysis and valuation for high yield debt issuances in cable. TX Summer 2001 Austin.7174 Trysail Circle • Tampa.93 SAT: 1570 (800-M.

Texas .

The University of Texas at Austin McCombs Team David Busker Joel Elder Hailey Ghalib Todd Gosselink Tom Paterson Ian Swiergol .

McCombs. TN New York. PF advisors. Texas MBA Hedge Fund Organization “Commercial Real Estate Heavy Hitter” . TX Grubb & Ellis Company Associate. Texas 78703 (972)898-0926 David.UTexas. Contributed to and cited in publications: The Houston Business Journal.edu Education May 2007 The University of Texas at Austin. the Dallas Business Journal. NY Sorin Capital Management Intern. Credit Group • Evaluated current investment holdings to refine investment strategy for multi-strategy real estate focused hedge fund • Created surveillance model and asset management plan to track the performance of fund’s real estate fixed income investments • Analyzed potential investments. #14102 Austin.com • Created and presented proposals to national and international clients of Grubb & Ellis 6/01-7/05 Additional • • • • • McCombs: Graduate Real Estate Society – President. interpreted and analyzed real estate and economic trends in the marketplace in order to write internal and external publications and research papers. including whole loans.Dallas Business Journal. and GlobeSt. TX David W. Busker May 2001 Experience Summer 2006 Nashville. Graduate Finance Society. and creating a new format for offering memoranda • Provided advisory and consulting services in addition to asset valuation. Economics major Austin. Institutional Investment Group (9/03-7/05) • Advised on over 50 commercial real estate transactions totaling approximately 7 million square feet and $600 million in value • Increased revenue production by 70% by streamlining the marketing process. REITS and private investors • Managed transaction pipeline and operations for the top revenue producing investment advisory team in the Southwest region and one of the top 5 investment advisory teams nationally at Grubb & Ellis Analyst.Busker@MBA07. Private Equity Group. Client Services Department (6/01-7/02) • Identified. Institutional Investment Group (8/02-9/03) • Evaluated over $1billion of commercial real estate investments using complex Excel and Argus financial models • Increased operating efficiencies through training and development of 3 new team members • Tracked market activity and wrote investment reports for Grubb & Ellis corporate clients • Identified potential investors and clients by analyzing and tracking capital markets Research Analyst. establishing a more efficient due diligence system.2600 Lake Austin Blvd. mezzanine loans. 2005 State of Texas Real Estate Broker’s License Urban Land Institute Member Dallas Museum of Art: Associate Member . financial modeling. McCombs School of Business Master of Business Administration Concentration in Finance and Real Estate Vanderbilt University Bachelor of Arts. opportunity funds. and hold/sell scenarios for institutional investment firms. B-piece CMBS bond tranches and large-loan floating rate investments Dallas.

Graduate Adventure Club Black Belt in Tae Kwon Do Personal . and financing to ensure financial viability of plan from year 0 to final sale • Developed plan with financial discipline for 100 acre brownfield site in downtown St. GMAT 710 The College of William and Mary BBA Marketing. TX. phasing. customer service. Graduate Real Estate Society • Teacher’s Assistant for two core undergraduate finance classes • Vice President.edu 2215 Post Rd Apt 1096 Austin. VA Columbus. Louis as member of multifaceted team that included an architect. TX National Gerald D. 78704 (571) 332-8047 Joel Austin Elder Education May 2007 The University of Texas at Austin. reconfiguring product lines. Louis to determine the appropriate proportion of market. and shortage reduction Assistant Buyer (05/01-05/03. Psychology Studied abroad in Australia at the University of Adelaide Austin. TX May 2001 Experience Summer 2006 Williamsburg. OH Glimcher Realty Trust Summer Internship in Acquisitions. and landscape architect • Planned site to best incorporate strengths (universities. and biotech labs) of surrounding neighborhood to generate momentum in project • Conducted market research on St. a $13M business in 81 stores achieving a 37% increase in Izod business through aggressively capturing more direct mail advertising. hospitals. Hines Urban Design Competition Honorable Mention (top 10 finisher out of 112 teams) • Created versatile financial models to aid in budgeting. BS. VA Hecht’s Department Store Senior Assistant Buyer (02/05-07/05) • Mastered financial planning system and used it as a tool to work with senior management to determine optimal allocation of inventory and markdowns • Independently managed entire Izod Men’s Sportswear line. McCombs School of Business Master of Business Administration Concentration in Real Estate Finance. and Leasing • Designed actionable planning tool to aid budgeting. inventory management. planning. and planning in-store product placement and flow Assistant Area Sales Manager (06/03-09/03) • Managed department at Hecht’s. 10/03-01/05) • Managed turnaround of retail purchasing activity from worst to top ranked sales growth within a single 6-month buying season • Maximized revenue and margin potential of several product categories and successfully negotiated returns of unsold inventory to achieve #1 ranked growth 01/06-02/06 05/01-07/05 Activities McCombs School of Business: • Member: McCombs Admissions Committee. urban planner.utexas. and achievement of financial goals and trained senior management in its use • Performed preliminary due diligence on five potential acquisitions valued at over $480 million • Constructed new report to allow leasing agents to better target potential tenants • Researched various options to use capital raised from asset recycling • Introduced new.Elder@mba07.Joel.mccombs. and affordable housing • Constructed actionable plan to implement strategic design Arlington. working with a staff of 15 employees to maximize sales through scheduling. workforce. more precise financial models to acquisitions personnel Austin. forecasting. Operations.

P. Associate Architect. and presented recommendation to the executive committee. TX Page Southerland Page L. cash flow forecasting. draw schedules projection. Registered Architect • Founder and manager of a profitable sole proprietorship with repeat clients as main source of revenue • Helped clients identify requirements and provided solutions on projects with budgets up to $35MM Washington DC. and Austin. Lead Project Architect • Participated in business development. TX Haia (Hailey) Ghalib May 1998 May 1995 Experience 05/06-Present Berkeley.Planning. O. Hines College of Architecture Bachelor of Architecture. TX Real Estate Investment and Development Analyst (Summer 2006) • Performed financial modeling.Consulting Austin. Ltd. College of Environmental Design Master of Architecture. Graduate Real Estate Society and Graduate Women in Business. resulting in RealCo pursuing these investments 03/03-08/05 HG Design Studio Architecture. hotel. GPA 3. magna cum laude USAA Real Estate Company (RealCo) Consultant (08/06 to Present) • Performed real estate investment analysis Austin. Member on design team Denver. Effectively coordinated with consultants and negotiated with vendors • Directed a diverse team of 12 members through the design and entitlement process of a high-tech facility with a budget of $98MM. resulting in RealCo moving forward with investments valued collectively at $293MM • Examined deal structure and underwriting scenarios to achieve target cash on cash returns • Analyzed financial statements of potential build to suit clients to determine credit risk • Executed zoning and building code due diligence and architectural feasibility studies on 4 deals which resulted in a cost saving of approximately $40K to RealCo in consultant fees • Authored portions of investment briefs for approval by USAA’s executive committee • Identified and evaluated strategic options for two properties held by USAA. Team recognized by Mayor Professional: Licensed Architect.P.edu Education May 2007 The University of Texas at Austin. industrial and office developments. Texas 78716 (512) 917-8922 Hailey. TX Principal. Gerald D. Collaborated with M+W Zander to successfully manage costs Denver. McCombs School of Business Master of Business Administration Concentration in Finance and Real Estate. Created and delivered project progress presentations to clients • Designed a mid-rise condominium project and directed team through documentation & entitlement • Led a multidisciplinary team of 7 members on a series of projects for a children’s hospital with a collective budget of $61MM. CO OZ Architecture Associate Architect • Created construction documents and performed construction administration services on resort project • • • • McCombs: Member of Graduate Finance Association.utexas. GMAT 680 University of California at Berkeley.Ghalib@mba07. TX San Antonio.73.82 University of Houston. Box 161025 Austin. Multimedia Department Director • Launched and directed the firm’s multimedia department and successfully implemented its integration • Developed feasibility study for Palmetto Point Resort in Honduras. and valuation analysis for real estate investment deals including construction budget estimation. CA Houston. GPA 3. Texas.mccombs. CO Fentress Bradburn Architects. Houston. and Argus modeling • Conducted pro forma analysis for GSA. retail. McCombs Finance Challenge and NAIOP Real Estate Finance Challenge University of California at Berkeley: Awarded teaching and research assistantships Led a team of 20 in fundraising to benefit the Austin Area Food Bank. Member: NCARB. authored brief.L. Concentration in Advanced Computer Graphics. ULI and Real Estate Council of Austin 03/99-03/03 06/96-03/99 10/95-06/96 Additional .

4M annually through theft prevention. • Co-led largest City of Austin reorganization in over twenty years. agricultural lease. Lexington. Washington & Lee University • Varsity Baseball: Three-year starter and letter winner. GPA: 3. McCombs School of Business Master of Business Administration Concentration: Real Estate Finance. • Omicron Delta Kappa: Inducted into national honorary society recognizing the 25 graduating seniors that made the most significant contributions to the university during their college career.7 Washington & Lee University. City of Austin: Austin Energy Business Process Consultant 6/02 – 6/03 • Leveraged existing technology to increase revenues by approximately $1. • Maximized a $30M technological purchase by identifying vendor miscalculations. TX 78757 (512) 771-5942 Todd. Austin. formulating tangible estimates. • Developed presentation materials used to secure management and leasing activity of institutional office portfolio. . merging 12 city departments into a single unit. and partnership agreements on behalf of principals. Three time academic all-conference selection.Todd L. and initiating multi-divisional partnerships. reducing annual budget by $1.mccombs. Additional McCombs School of Business • Graduate Real Estate Society: Regional Recruiting Coordinator (Texas) • MBA Christian Fellowship: Vice President • Advanced Microsoft Excel training including statistical analysis and keyboard shortcuts. TX 6/02 – 7/05 Austin. TX City of Austin: Office of the City Manager Senior Research Analyst 6/03 – 7/05 • Improved City of Austin real estate development regulation process.utexas. Cum Laude Experience Summer 2006 Spring 2007 Spring 2002 Trammell Crow Company Analyst Intern • Constructed multiphase development and acquisition pro formas using ARGUS and Excel. TX Spring 2005 Austin. Va Bachelor of Science with special attainments in Commerce. GMAT: 720.7M while improving system performance and customer satisfaction. • Assisted senior management with underwriting and brokerage.Gosselink@mba07. Arranged easement release/relocation agreement. Gosselink 1402 Karen Ave. realizing over $800K in cost savings. Endeavor Real Estate Group Project Intern • Worked to obtain regulatory entitlements on undeveloped land. • Shortened site plan and subdivision review cycle time by >20% in the first year of operation.edu Education The University of Texas at Austin. • Reduced the number of independent real estate development authorizations from 56 into a cohesive system of 18 interrelated approvals. Austin.

utexas.edu Education May 2007 The University of Texas at Austin. contributed to drafting of written proposals for new client work IAS Associate (1/02 – 7/03) • Selected by firm partnership to serve as technology ‘Champion’ for Houston IAS group • Served as a direct point of contact on tax issues for several Fortune 500 companies – including ExxonMobil. analyzed data to form recommendations on certain amenities and a potential unit mix for a $50M multifamily development Houston. project-oriented program focusing on the relevant operating. Specializations in Real Estate Finance & Private Equity • Recipient – 2006 Todd A.6 Concentration in Finance. and valuation challenges related to publicly traded real estate in today’s market San Antonio. McCombs School of Business Master of Business Administration. Texas Exes Business Network Licensed Real Estate Salesperson 3 time participant of MS 150 cycling tour Summer 2006 Spring 2006 1/02 – 8/05 Additional . Minor: Accounting Austin. and logistics patterns. TX Tom Paterson December 2001 Experience August 2006 Austin. Texas 78746 (832) 326-7677 tom. LLP IAS Senior Associate (8/03 – 8/05) • Led an 8 person client engagement team with yearly revenues of $3M • Forecasted tax implications of client policy decisions using tax research and Excel based models • Participated as a member in client proposal processes. and reviewed TI schedules & capital projects • Worked with leasing agents in several key national markets to acquire rental and purchase comps & broaden knowledge of market fundamentals for use in property valuations • Completed research study of the Kansas City industrial market with a focus on national distribution. ULI Austin Young Leaders. Created ARGUS & Excel financial models to evaluate potential investments • Conducted due diligence on existing portfolio of assets – analyzed & negotiated terms for new and renewal leases. TX PricewaterhouseCoopers. and Baker Hughes • • • • • • • • 2006 Hines/ULI Urban Design Competition – 1st Place University of Texas Internal Competition 2006 McCombs National Real Estate Challenge Team Teaching Assistant – Prof.1741 Spyglass #128 Austin. McCombs Plus Project • Prepared comparative analysis between Austin’s Mueller Airport redevelopment and other nationally recognized urban infill projects – Stapleton in Denver & Baldwin Park in Orlando • Conducted surveys of potential residents. supply chain. United Way Day of Caring.paterson@mba07. TX USAA Real Estate Company Commercial Real Estate Intern – Acquisitions & Portfolio Management • Performed underwriting for over twenty acquisition opportunities ranging from $50M to $500M million. Elementary School Tutor Member: Urban Land Institute. Inc – Mid-Cap Office REIT Jackson. TX Team Captain. Formulated analysis of trends & presented results to the Real Estate Investment Committee Simmons Vedder & Co. GPA: 3. Shell. TX Parkway Properties. – Real Estate Development Firm Austin. analyzed credit of potential tenants. John Morran (Undergraduate Introduction to Real Estate) Member – Private Equity Group & Graduate Finance Association Volunteer Work: Junior Achievement. MS Commercial Real Estate Intern • Conducted study on privatizations & mergers within REIT industry. Williams Real Estate Fellowship • Vice President/Treasurer – Graduate Real Estate Society The University of Texas at Austin. ConocoPhillips. acquisition.mccombs. reported analysis to leadership • Participated in a concentrated. McCombs School of Business Bachelor of Business Administration Major: Finance.

MS Parkway Properties.edu Education May 2007 The University of Texas at Austin. “Training the Street” Valuation & Financial Modeling courses McCombs: Graduate RE Society.mccombs. AZ Jackson. Senior Consultant – Forensic and Litigation Consulting Group • FTI Consulting purchased KPMG’s Forensic Practice in November 2003 • Led a team of 10 consultants engaged to provide a historical accounting of a sample of thousands of disputed trust transactions. TX Simmons Vedder & Co. MBA Wine Club Sigma Alpha Epsilon Fraternity (8/97 – 12/01).utexas. TX J. AZ KPMG LLP / Arthur Andersen LLP Associate – Forensic Practice / Consultant – Value Solutions Practice • KPMG purchased Andersen’s national Value Solutions Practice in May 2002 • Designed a commercial property database of industrial properties with a portfolio value of $187M • Analyzed and refuted opposing expert report through historical analysis of telecommunications industry. Recorder (8/98) Volunteer: Make a Difference and Junior Achievement of Arizona (2002 – 2005) Enjoy golf. MBA Golf. Enhancements included creating error rate scenarios and switches to alternate between sources Phoenix. interest accruals and error rates over 100-year time period. Reviewed historical documentation relating to system outputs • Enhanced features of a settlement model used to calculate damages based on reconstruction of $13B in revenues. hiking and reading 5/06 – Current Spring 2006 11/03 – 7/05 1/02 – 11/03 Additional . Texas 78757 (512) 382-6421 Ian. Philanthropy Chair (8/99). Ian Swiergol December 2001 Experience August 2006 Tucson. Graduate Finance Association. Magna Cum Laude Accounting and Finance Majors Austin. LLC Summer Intern – Investments & Finance • Developed co-sponsorship fund model used to assess viability of future investment strategies. MBA Plus Project – Team Member • Presented findings and recommendations for viable product mixes of proposed multi-family development scheduled to be part of the Mueller Airport redevelopment Phoenix. Analysis included providing recommendations for sale amounts • Assessed Down REIT disposition strategy and presented specific company recommendations • Evaluated potential exchange opportunities for reallocated capital Austin. AZ Bourn Partners. AZ FTI Consulting. Team efforts resulted in a reduced settlement amount of $50M • Identified more than $9M unsupported construction-related costs by investigating contractor pay applications and change orders for a multi-million dollar Mexican resort development dispute • • • • • • McCombs Plus Project: American Campus Communities (Winter 2005-06): Performed market analysis of campus areas for development and acquisition opportunities within 10 identified states. Inc. Inc. GPA 3.Swiergol@mba07.1505 Karen Avenue Austin. McCombs School of Business Master of Business Administration Concentration in Real Estate Finance and Private Equity. Graduate Real Estate Society University of Arizona Bachelor of Science in Business Administration. Devised method to identify investment opportunities and presented findings to executives McCombs: ARGUS training.87 ConocoPhillips Scholarship Award. soccer. disbursements. Model outputs used in proposed letter of intent and joint venture documents • Created equity waterfall workbooks for 13 individual properties as part of a $260M+ retail and office portfolio sale. 2006/2007 Vice President of Special Events. Summer Intern • Completed public REIT privatization research and presented findings to executive team • Used ARGUS to underwrite and value specific market properties Tucson.

UCLA .

Horowitz Gregory T.University of California Los Angeles .Anderson Clifton Chang Jason Ghassemi Benjamin Hemminger Adam S. Little .

2007@anderson. lenders. CA 90024 (h) 310-694-3602 (c) 512-297-9098 clifton. Real Estate & Finance Leadership: Anderson Real Estate Association (AREA) Vice President of Education Membership: Entrepreneurship Association. • Analyzed the financial impact of different building configurations for the Dunbar Hotel rehabilitation project.S. Member of the Round Rock Community Choir (baritone/bass) from Spring 2002 to Spring 2005. INC. CA June 2007 Urbana. and architects. DUNBAR ECONOMIC DEVELOPMENT CORPORATION Los Angeles. CA Summer Intern July 2006 – September 2006 • Assisted in the real estate development process for low-income housing with market-rate and non-profit developers.chang. TX Product Development Engineer July 2003 – June 2005 • Closely collaborated with the Acoustic. and exceptional contribution to the College of Engineering at the University of Illinois and its students. Conversational fluency in Mandarin Chinese. This includes the calculation of residual land value. Engineering Open House Director Membership: Xtension Chords Men’s A cappella Group EXPERIENCE THE KOR GROUP Los Angeles.1757 Kelton Avenue. • Researched the applicability of New Market Tax Credits to the Florence Mills Theater Village mixed-use redevelopment project. Packaging and the general Mechanical teams in the design and cross-product standardization of electromechanical devices. • Managed the global Regulatory compliance effort of 43 separate products in the Dell|EMC2 and PowerConnect product lines through 6 OEM suppliers and 16 regulatory agencies. with special focus on minimizing time-to-market and liability to Dell.. specifically the internal cabling and cooling fans used in 42% (5 of 12) of Dell’s then shipping PowerEdge products. excellence in character.B. • Defined the role of the “Mechanically Focused” Product Development Engineer by providing direct electrical engineering support the 9 mechanically based teams facilitating their product development efforts. ADDITIONAL • • • CLIFTON CHANG Los Angeles. CA Applied Management Research Project October 2006 – March 2007 • [planned] Identify “second tier” municipalities in the greater Los Angeles area for possible large-scale mixed-use development projects through the analysis of demographic and market data and the built form.. Electrical Engineering Dual minor in Computer Science and International Studies in China Leadership: Engineering Council Executive Board Member. potentially for The KOR Group to acquire the property at the conclusion of the Project. • [planned] Determine development opportunities in the identified municipalities and generate pro forma based upon expected best use. Regulatory Engineer July 2000 – July 2003 • Negotiated with 3 internal and 7 external teams to develop a standardized Plan of Record to which all OEM manufacturers must adhere when obtaining global Regulatory approvals for the Dell|EMC2 and PowerConnect product lines. Thermal. Asian Management Student Association UNIVERSITY OF ILLINOIS: URBANA-CHAMPAIGN B. IL May 2000 Named a Knight of St Patrick in March 2000 for leadership. Los Angeles. Austin. a role that is now standard operating procedure within the Dell PowerEdge organization.edu EDUCATION UCLA ANDERSON SCHOOL OF MANAGEMENT M. • Estimated the cost of tenant relocation under the Uniform Relocation Act and the Primary Renovation Program of the Los Angeles Housing Department. DELL. .A.ucla.

marketing materials.2005 .significant experience in presentations and public speaking jason. speech writer.2005 (NYSE: FDS) . marketing communications.B. LLC (NYSE: WFC) . The University of Texas at Austin] UCLA Anderson School of Management . in Business/Economics with a minor in Italian Language . and presentation creator [Presentation skills] . and presentations [Corporate Finance Reporter] FactSet Research Systems.published author. The San Francisco Chronicle.Responsible for all public relations. and producer of industry reports.1031 exchange into three-unit building in attractive Santa Monica location on large lot .Present Barrington Associates Investment Bankers. vacated the property.Legally removed Rent Control jurisdiction.Adobe Creative Suite graphic design implementation .Met with lawyer and top architects in Santa Monica in planning development of the property .ghassemi.Fully Employed MBA Program .fresh ideas and perspectives have driven real estate and professional career [Finance experience] .Sole corporate finance reporter for weekly M&A Journal FactSet Flashwire Weekly .A.Exited the property at a 3. and renovated . Inc.Jason Ghassemi Education [The Fifth Annual National Real Estate Challenge McCombs School of Business.5 X return on invested capital in one year Employment [Marketing Communications] 2005 .Leverage experience in journalism to write press releases. and The Chicago Tribune Intangibles } [Creative thought] .Present .2009@anderson. and business development collateral .Fall/Winter 2005 UCLA .Rental income gives leeway and patience to time the market for development [Triplex/Renovation Project] 3032 Exposition Boulevard. 2002 .869.Class of 2000 Real estate experience 1440 Franklin Street. Santa Monica 2004 . and financings .experienced in analyzing data and financials to asses value propositions [Graphic design capabilities] . acquisitions.7204 .ucla. A Division of Wells Fargo Securities.Published commentary in The Los Angeles Times. Santa Monica [Triplex/Development Project] 2005 .Designer. speeches. writer.Wrote over 200 original articles on middle-market mergers.Property condition and business proposition were initially challenged by Rent Control issues .Class of 2009 UCLA Extension . and Firm presentations .extensive creative software knowledge and design experience [Effective communicator] .edu 310.

CA 90210 Phone: (310) 385-0199 Cell: (925) 297-9710 Benjamin. DC ACCOMPLISH MENTS VOLUNTEER EDUCATION • • Designed.S. BYU’s honor student publication. CA The Staubach Co. PACIFIC MARKET Founder July 01 – February 03 Laie.5 / 4. construction process. HI • Founded and operate online retail auction business specializing in Hawaiian apparel • Created and operated all aspects of a small business that produced over $50. and managed Lawswap. contract negotiation.COM. an Internet company that enabled real estate developers to find suitable retail tenants • Created and maintained database system which increased productivity company-wide • Managed a 13-person research team that assembled a database of real estate criteria of over 6.S.History. Profile Development August 99 – April 01 Bethesda. December 1998 • Overall college GPA: 3. France. MD • Helped establish and manage TenantMix. retail companies • Conducted telephone interviews with commercial real estate professionals to determine retail companies’ expansion plans and site preferences U. UT Missionary Representative 1993 – 1995 • Completed 2-year religious service mission to Paris.hemminger. land purchase. Responsible for site selection. marketed. Senator’s office • Responded to Washington State constituents’ phone calls and letters Washington.000/year TENANTMIX. an online book exchange currently used by thousands of law school students nationwide.edu EXPERIENCE THE STAUBACH COMPANY / CHEVRON CORPORATION Development Specialist March 03 – May ’06 San Ramon.S. France Provo.2008@anderson. permitting and entitlement process • 2004: sold over $20 Million dollars of Chevron’s surplus retail property • 2003: located sites for new locations for various “big box” retail clients such as Barnes & Noble. Circuit City. Beverly Hills.com.ucla.BENJAMIN HEMMINGER 905 Hartford Way. SENATOR SLADE GORTON Staff Assistant February 99 – August 99 • Acted as first point of contact for guests at U. and several auto dealerships • Advised the City of Redding. is the in-house real estate service provider for Chevron • 2005 – 2006: Oversee all phases of development process for new Chevron service stations in the Northwest region. INC Manager. Fall 1998 in Insight.0 • Real Estate Sales License – State of California. Paris.500 U. CA in their effort to relocate the city’s auto dealerships into an auto-mall and to concentrate the retail growth in certain areas of the city. BRIGHAM YOUNG UNIVERSITY • Bachelor of Arts. Published historical research paper.com. 2003 References Upon Request .

5480 Adam Shane Horowitz Permanent Address: 1370 Circle Way Laguna Beach. SAT: Total . produced marketing materials.000 sf office building in Hollywood to CBRE Investors. Mattel Children’s Hospital at UCLA: Member of the Young Friends group. Real Estate Salesperson: Licensed by California Department of Real Estate.44. Birthright Israel (Hillel): Summer 2001participant in student discovery program to the Middle East. computer science. Great Plains.466. and regional conferences. and Social Chairman of Stanford’s oldest housed fraternity. modeled leaseback scenarios. Consulted city officials. Outlook. CA 92651 March 2005 Cushman & Wakefield of California.Mailing Address: 1260 N Hayworth Avenue #6 West Hollywood. and golf tournaments. Excel. CA Graduated with Bachelor of Arts degree in Political Science with concentration in American Politics. Macquarie Capital. Named 1999 Santa Barbara Scholar-Athlete of the Year. in the sale of 117. Los Angeles.C.Present 1999 . CA Stanford University – Class of 2003 Palo Alto. Acquisition Consulting: Advised an Australian REIT. 7/2005. AWA . Verbal . Verbal . CA 90046 EXPERIENCE adam. panel discussions. assists leader. CA December 2005 Commercial Real Estate Services – Associate Sale-Leaseback Transaction: Represented DMJM H&N in sale of 6-acre corporate headquarters with 15-year leaseback. Parts & Vendors. Researched development potential.b. June 2003 March 2005 Cube Concepts LLC d. charged with securing high school site for the 2006-2007 school year. Investment Sale Disposition: Represented Archon Group. Computer Skills: Word. Drafted and delivered sales presentations to domestic and international retailers. management science.2008@anderson. Awarded Silver Medal for outstanding graduating senior. winner of eleven Peterson Significant Chapter Awards. GMAT: Total . Sigma Chi Fraternity: Chapter representative to Inter-Fraternity Council.1490.800.690. researched relevant FAA restrictions. Proficient in conversational Spanish. Deutsche Bank AG Summer Seminar – Participant Common Cause Political Lobby (Campaign Finance Reform) – Intern JP Morgan Chase & Co. Highest and Best Use Analysis: Advised Strategic Hotel Capital on land use alternatives for excess surface parking near Burbank Hilton.2003 UCLA Anderson School of Management – MBA Class of 2008 Los Angeles.700. Quantitative . and team financial officer for the 2001 National Championship Runners-Up. composed of young professionals. securing an order from Office Depot for over 1. Los Angeles.000 stores in North America.41. psychology. PowerPoint. NY Washington. involving five factories in several provinces. Worked closely with designers and attorneys to secure intellectual property before managing transition to full-scale production in China. Inc. CA Inducted into National Cum Laude Society. 1995 . . silent auctions. Cate School – Class of 1999 Carpinteria. Math .6. Cate School Alumni Council: Member of Los Angeles area council to engage local alumni in social and charitable events. Urban Land Institute & International Council for Shopping Centers: Member and regular participant in community forums. D.1999 PERSONAL Stella Middle Charter Academy: Member of the real estate committee for top-performing charter middle school in Downtown Los Angeles. CA Summer 2002 Summer 2002 Summer 2000 EDUCATION 2006 . fashion shows.horowitz.ucla. Produced discounted cash flows and Offering Memorandum.a. Rush Chairman. Private Wealth Management – Intern New York.edu 949. ARGUS. CA Overseas Manufacturing Startup – General Manager Launched patented home and office modular storage system for distribution through various retail channels. Stanford University Men’s Lacrosse Team: 3-year starting attackman.0. Foreign Language: 5 years of Chinese language instruction in high school and college. Additional coursework included economics. and Chinese. driven to generate funding and increase exposure through activities such as mixers. on cash flow assumptions associated with $900 million joint venture with Maguire Properties. Snaps™ Long Beach.

GREG T. LITTLE
EXPERIENCE
MACQUARIE BANK LTD Manager 1826 Overland Ave. #5, Los Angeles, CA 90025 T. (310) 633-4899 gregory.little.2008@anderson.ucla.edu SYDNEY, AUSTRALIA September 2004 – Present

Third investment professional of a highly entrepreneurial private equity fund-of-funds business. Contributed to the development and marketing of new fund products resulting in growth of funds under management from $600 million to $1.8 billion. Conceptualized and recruited three-person US-based team to build Macquarie’s international investment capabilities. Executed all aspects of review for Australian and Asian private equity investments, including screening, manager interviews, track record analysis, negotiation of terms, and investment committee presentation. Closely involved in 24 total approved investments exceeding $500 million. Led co-investment opportunities resulting in more than $10 million invested in deals with combined transaction value in excess of $1 billion. Researched and priced bids to buyout of mature private equity portfolios exceeding A$50 million PACIFIC CORPORATE GROUP LLC Senior Analyst LA JOLLA, CA January 2003 – June 2004

Executed due diligence efforts for U.S. private equity investments, including screening, manager interviews, track record analysis, and analysis and negotiation of partnership terms. Extensive financial analysis for co-investment opportunities including financial modeling, valuation, comparable company analysis, discounted cash flow analysis and industry research. Development and execution of a major client’s $100 million per annum secondary market partnership purchasing strategy. Completed 11 private market investments resulting in $2.1 billion in client investments. Developed and presented marketing and educational presentations to prospective and current clients. Managed recruiting, training and mentoring of junior professionals. Analyst September 2000 – December 2002 Instrumental in reviewing and developing investment strategy for the Washington State Investment Board’s $12 billion private equity portfolio. Lead analyst assisting with portfolio review and reporting for the World Bank’s $2 billion private equity portfolio. Promoted ahead of schedule; consistently ranked in top of peer group. HEWITT ASSOCIATES LLC Business Analyst NEWPORT BEACH, CA Summer 1999

Developed and tested proprietary software programs automating time-consuming manual tasks. Resulted in savings of an estimated four hours per month. Managed payroll processing procedure, ensuring the accuracy of deductions and benefits to plan participants. Received offer for full-time employment. PARVALU Research Analyst SAN DIEGO, CA Summer 1998

Researched and created summary profiles of publicly traded golf companies for ParValu’s financial newsletter.

EDUCATION
UNIVERSITY OF CALIFORNIA, SAN DIEGO Bachelor of Science Degree, Management Science, 2000 Minor in European History; Focus in Computer Science Provost Honor List UNIVERSITY OF LUND, SWEDEN Study Abroad Program, Fall 1998

ADDITIONAL INFORMATION
Traveled throughout Europe, Scandinavia, Australia, New Zealand, Hong Kong, Japan and Costa Rica. Led a charity fundraiser for the San Diego Coalition for the Homeless. Enjoy tennis, soccer, golf, surfing, reading and travel.

GREG T. LITTLE
1826 Overland Ave. #5, Los Angeles, CA 90025 T. (310) 633-4899 gregory.little.2008@anderson.ucla.edu Selected Experience: Co-investment in the $230 million buyout of a New Zealand glass company. Co-investment in the pending $400 million buyout of a Chinese construction equipment company. Co-investment in a $900 million public-to-private buyout of an international real estate services firm. $6.2 million investment in the secondary purchase of a portfolio of funds from an Asian institutional investor. $4 million equity investment in a $70 million financing round for an expansion-stage data storage company.

UNC

University of North Carolina .(Kenan-Flagler) Marc Debree Brannen Edge Mathew Holladay (Matt) Richard Kimble (Rich) Preston Meyer Kyle Woodley .

May 2000 UNC Outstanding Planning Student – NC Chapter. Urban Land Institute. NC 27713 919-824-0192 ♦ marc_debree@uncbusiness. Managed Governor’s new initiative to increase land conservation across the state and served as spokesperson for program • Facilitated partnerships between land development and land protection interests • Partnered with 15 other professionals from multiple agencies to create statewide GIS database of protected lands • Created new Office of Conservation as part of four-person team • Established multi-divisional work groups across several state government agencies • Served as advisor to North Carolina Legislature’s Panel on Smart Growth Five years residential and commercial construction experience. resulting in $500. NC Planning Consultant. Leadership Development Club Chapel Hill. NC Student Associate. Varsity Track and Field HIGHWOODS PROPERTIES Raleigh. Durham. expected May 2007 Real Estate Club. DEBREE 5809 Henner Place. Certified Planner (AICP). One year consumer credit experience. American Planning Association THE COLLEGE OF WOOSTER Wooster. and marketing of pedestrian planning and resource conservation projects • Oversaw work of in-house and external consultant teams of three to eight people • Marketed firm’s services at conventions and through individual consultations. implementation. Completed asset valuations and performed market research in preparation for senior management discussions on acquisition and disposition strategies • Evaluated occupancy. Executive Panel. OH Bachelor of Arts in Urban Studies. Managed projects and advised clients regarding design. May 1993 Rugby Club. NC DEPARTMENT OF CITY AND REGIONAL PLANNING Master of Regional Planning. PADI Certified SCUBA diver. NC THE UNIVERSITY OF NORTH CAROLINA Chapel Hill. and absorption trends for various SE office markets • Created risk indices based on employment volatility within specific industries • Delivered disposition and acquisition recommendations to senior management • Developed process for analyzing tenant diversity across eight regional divisions • Modified leasing and market assumptions in company’s valuation models GREENWAYS INCORPORATED Durham.000 in new contracts • Created cost projections and identified resources for 10 proposed projects • Proposed changes to local zoning ordinances and subdivision regulations • Presented planning documents to elected officials and client committees for approval • Appointed by County Commissioner as advisor to county-wide environmental panel NC DEPT OF ENVIRONMENT & NATURAL RESOURCES Raleigh. funding. member.net EDUCATION THE UNIVERSITY OF NORTH CAROLINA KENAN-FLAGLER BUSINESS SCHOOL Master of Business Administration. rent. Peace Corps Volunteer in Kenya (’95-’97) EXPERIENCE Summer 2006 Present 2003-2005 2000-2002 ADDITIONAL DATA .MARC C. Student Government. President. NC Program Coordinator.

• Assisted President and Chief Operating Officer in day-to-day operational and strategic decisions of $27 million residential development. Interests include sports. business banking. NC Developed and serviced $44 million loan portfolio consisting of 60 middle-market companies across multiple industries. Business Loan Administration Winston-Salem. Ran with the bulls in Pamplona.44 million in loans and $7. BRANNEN EDGE III 928 Edgewater Circle Chapel Hill.J. NC Completed highly structured and intensive commercial banking training program focusing on fundamentals of commercial credit. JAMES MADISON UNIVERSITY Harrisonburg.973 in fees on average each month in 2005. Selected as Peer Career Counselor. BB&T CORPORATION Vice President. underwriting loans and selling services. magna cum laude. Selected as James Madison University student graduation speaker. loan structuring. Monitored loan covenants and financial performance of companies and provided analytical support for Regional Loan Administration. Habitat for Humanity volunteer. Volunteer for Admissions Visitation Program. EXPERIENCE 2006 FIRST COLONY CAPITAL. Dual Concentration in Finance and Real Estate. NC Analyzed and evaluated financial statements for clients and prospects with at least $4 million in total credit exposure. reading. May 1999. Student Ambassadors. • Generated $1. Real Estate and General Management Clubs. 2001-2005 2000-2001 1999-2000 ADDITIONAL DATA . expected May 2007. President. • Selected by Regional President to deliver presentation on fundamentals of consultative selling to regional sales force. • Chosen as Charlotte Metro Region’s Sterling Performer in two separate quarters by exceeding profitability. business ethics and sales training. production and quality goals. Selected as youngest member of Leadership Charlotte Class XXIV. Management Development Program Winston-Salem. stock market and golf. • Created proformas to evaluate IRR and profit scenarios for multiple transactions. VA Bachelor of Science. NC 27516 (919) 929-8220 brannen_edge@uncbusiness.net EDUCATION THE UNIVERSITY OF NORTH CAROLINA Chapel Hill. Homeowners Association President/Treasurer (2002-2005). Traveled to sixteen different countries. LLC Charlotte. Board of Visitors. Credit Analyst. NC Summer Associate Analyzed and structured commercial real estate investment opportunities for real estate private equity firm. • Managed successful regional implementation of new sales management software system to 250 sales personnel. • Delivered 700% portfolio growth through identifying and qualifying prospects. Elected as Section Representative. NC KENAN-FLAGLER BUSINESS SCHOOL Master of Business Administration. Eagle Scout. Management Associate. exercise. • Quantified and communicated ongoing investment results to current investors and discussed upcoming projects with potential investors. Member of Finance. Commercial Banking Group Charlotte. Judicial Council. Arts and Sciences Council Basic Operating Grants Committee (2003-2005). financial statement analysis.

S. developed. Airborne. -Golfer. expected May 2007 Member of Real Estate. a town of 68. HOLLADAY THE UNITED STATES MILITARY ACADEMY West Point. Jumpmaster. Middle East Business Development Consultant Responsible for finding and developing new business opportunities for government contracts in Europe and the Middle East. • Flew to Baghdad to brief my proposal to U. Italy Managed engineer company composed of 112 soldiers and 48 pieces of heavy construction equipment. secret clearance. • Spearheaded and planned seven international deployments spanning four continents. Engineer Officer (Captain). NY Summer Associate Prepared valuations. Turkey. • Effectively managed annual budget of $1. and presentation materials for both banking and investing projects. cyclist (rode three stages of Tour de France). • Managed office consisting of 23 Iraqi nationals with no direction or assistance from other American or international agencies. Received Meritorious Service Medal for efforts in this role. Habitat for Humanity volunteer. commitment committee approval documents. -Received Bronze Star for actions in combat. Germany. • Managed financial model for new $570M fund currently being developed by Morgan Stanley’s real estate investing group. • Evaluated and consulted management on numerous international projects in locations including Italy. proposal was later accepted as base model for settling all disputed land cases throughout Iraq. • Served as lead associate for $170M follow-on equity offering for Ashford Hospitality Trust. MORRELL INTERNATIONAL Europe. and Military Veterans Clubs Chapel Hill. Company Executive Officer Vicenza. Iraq Engineer Officer (Captain). Iraqi Property Claims Office Manager Created and led task force of local Iraqi leaders and crafted a proposal for dealing with disputed property in post-war Iraq. pro-forma models. • Led and managed 58-man multinational military coalition and 200-man police force. UNITED STATES ARMY Kirkuk. recommended for early promotion.112 Channing Lane ♦ Chapel Hill. Finance. -Completed most demanding military training offered: Ranger. Dean’s List.1M with little supervision or guidance.000 inhabitants in northern Iraq. NC MATHEW N. Romania. NC 27516 919-357-6919 ♦ mathew_holladay@unc. -Lived in Europe for five years. conversant in Italian. Superintendent’s Award EXPERIENCE Summer 2006 MORGAN STANLEY INVESTMENT BANK: REAL ESTATE GROUP New York. wine enthusiast.3M airfield reconstruction project. NY Bachelor of Science Systems/Industrial Engineering 1999 Played NCAA Division I Men’s Basketball. Engineer Officer (Captain). • Evaluated in top 5% of 51 Captains in Brigade. • Identified. basketball player. skier. acted as chairman of local 16-member City Council.edu EDUCATION THE UNIVERSITY OF NORTH CAROLINA KENAN-FLAGLER BUSINESS SCHOOL Master of Business Administration. traveled to 26 countries.6M of contracts during only 7 months with company. Company Commander and Town Mayor Daquq. • Initiated new program to improve performance of the MS Special Situations fund by enhancing the capabilities of operating companies within the fund. 2004-2005 2003-2004 2003-2004 2001-2003 ADDITIONAL DATA . • Served as certifying engineer for $1. Iraq Town mayor of Daquq. and signed $1. and Iraq. Responsible for daily operations and all administrative and logistical functions. deployed to nine countries. Ambassador Paul Bremer’s staff. Sapper.

lenders and contract oversight and audit administrators. • Led teams to complete 12 CMBS consulting assignments that included over 245 properties throughout the United States with a total value over $1. Continual recognition for excellence in teamwork. THE UNIVERSITY OF NORTH CAROLINA Chapel Hill. LLC Herndon. • Successfully restructured FHA insured debt on 24 properties totaling 2. Leadership Development. Chapel Hill. and appraisal reviews. Managed multiple stakeholders including equity owners. site evaluation. Soccer & Golf Clubs. RER FINANCIAL GROUP. 2003.571 units that achieved a projected $27.net PROFILE Six plus years of experience in analyzing and structuring debt and equity components of commercial real estate. ADDITIONAL DATA Currently assisting family with the development of raw land for a residential subdivision in Loudoun County. NC KENAN-FLAGLER BUSINESS SCHOOL Master of Business Administration. Raleigh. Determined the feasibility of redeveloping a $4. and quality control on all major property types during 43 consulting assignments that included over 1. and former triathlon competitor. and interviewing key personnel.2000 EDUCATION .100 acres and 3. • Performed due diligence analysis for the acquisition three retail centers totaling 185.965. Member of Real Estate. RICHARD M. Underwriter – Performed due diligence analysis for CMBS purchasers and served as a consultant to the US Department of Housing and Urban Development (HUD) for its Mark-to-Market Program as a Participating Administrative Entity (PAE). Vice President of Alpha Phi Sigma National Honor Society. tenants. Urban Land Institute YLG member. YORK PORPERTIES. bank branches. Performed acquisition analyses and broker valuations for hotels.39 acre site.3 billion. performing market & industry research. and raw land. KIMBLE EXPERIENCE Summer 2006 2004 – 2005 2000 – 2004 1999 .5 million. & 2004. 1999. Club Service Chair of Rotaract Club.8048 ♦ richard_kimble@uncbusiness. MARY WASHINGTON COLLEGE Fredericksburg.400 residential and commercial units. • Developed a disposition and value add analysis for a 1534-unit multifamily portfolio. • Developed cost benefit analyses. golfer. and cash flow projections for the potential acquisition and development of over 1. Traveled to China & Thailand to study real estate investment in Southeast Asia. leadership. site inspections. Junior Real Estate Analyst – Assisted senior analysts and underwriters with market research on real estate properties through broker calls.S. 2.000 square feet. Consistently outperformed peers in terms of generating and earning contract based incentive fees. expected May 2007. and President of Psi Upsilon Fraternity. Active team sport participant. and analytical reasoning. Proficient in Argus. Virginia. NC Summer Associate • Drafted a five-year strategic business plan by analyzing historical operating statements. VA Bachelor of Science. pro-formas. Graduated Cum Laude. VA Team Leader / Lead Underwriter . • Generated and earned the most contract-based incentive fees for all RER underwriters and analysts in 2002.129 Mallard Court.250 commercial properties throughout the U. Habitat for Humanity Volunteer. • Performed underwriting. INC.5 million savings to HUD. Business Administration & Economics. NC 27517 703.Managed due diligence consulting assignments for institutional investors purchasing Commercial Mortgage Backed Securities and formally presented findings to clients during loan committee meetings. Background includes performing due diligence and investment analysis on all major types of commercial real estate.

• Generated $11MM revenues and earned “Top Gun Award” for outstanding sales. Commercial Construction. construction. Peer Counselor. DATA Licensed general contractor. One-year rotational training program to enhance sales. PRESTON MEYER ADDITIONAL Visited China and Thailand to study real estate investment in emerging markets. LLC Asheville. May 2000. . entitlements. • Executed on-time and on-budget construction of high profile public library. • Established sales and marketing team which valued and sold all 125 lots within time goals and exceeded pro-forma price targets by 50%. subcontractors. and sales. and account management skills. INC. 2006 KFBS National Real Estate Development Case Competition.2BN acquisition of Heritage Property Investment Trust. First Place Team.net EDUCATION THE UNIVERSITY OF NORTH CAROLINA Chapel Hill.280.9590 ♦ pmeyer@uncbusiness. LLC which led to $2MM annual sales. 2003-2005 REYNOLDS MOUNTAIN DEVELOPMENT. • Developed relationship with an independent power producer that culminated in a $26MM long-term service contract. VANDERBILT UNIVERSITY Nashville. INC. KCB CONSTRUCTION COMPANY. New York. 200acre mountain peak land development into high-end residential subdivision. MORGAN SECURITIES. tennis club champion. Mechanical Engineering and Mathematics. TN Bachelor of Engineering. Urban Land Institute member. marketing.218 Towne Ridge Lane Chapel Hill. IL Sales Engineer. engineering. NC 27516 919. quality. Power Generation. • Performed detailed buy-side financial analysis to optimize capital structure for Centro Watt’s $3. Sales and Marketing Leadership Training Program. NC KENAN-FLAGLER BUSINESS SCHOOL Master of Business Administration. • Led consultants and contractors in on-site execution of architectural design. • Underwrote property level cash flows and prepared internal credit memoranda for CMBS debt issuances for all major real estate asset types. Managed implementation of $25MM. NY Summer 2006 Corporate Finance Summer Associate. expected May 2007.000 properties. retail space and parking garage. Led teams of superintendents. permitting. Land Development. • Negotiated master purchase agreement with Midwest Generation. Enjoy home remodeling. Managed customer interfaces and negotiation of commercial offers for Chicago-based energy producers. GMAT: 710. Member of Real Estate and Finance Clubs. EXPERIENCE J. and schedule. Responsible for project profitability. and laborers. negotiation. First Place Team. 2000-2003 SIEMENS AG Chicago. • Analyzed and projected rent growth of 100 property office portfolio to determine optimal leverage capacity for potential acquirer. NC Project Manager. Project Manager.P. • Created sell-side offering memorandum to communicate investment potential for private auction of $800MM public REIT with over 1. • Achieved 5% savings from initial estimate for mixed-use urban redevelopment including 19 luxury condos.11handicap golfer. Split internship between Real Estate Investment Banking and Commercial Mortgage Backed Securities groups. 2006 Kenan-Flagler Core Curriculum Integrative Challenge.

Worked on almost a dozen residential remodels in Portland. Spent summer of 2002 and 2006 traveling in Southeast Asia.net EDUCATION UNIVERSITY OF NORTH CAROLINA KENAN-FLAGLER BUSINESS SCHOOL Master of Business Administration. Interests include: Skiing. • Worked with City/County planning departments to get subdivision plans approved. NC Seattle. Sigma Phi Epsilon Fraternity EXPERIENCE Summer 2006 Chapel Hill. running. and valve overhaul work for Trident-class nuclear submarines and Nimitz-class aircraft carriers. Ronald McDonald House and Habitat for Humanity volunteer. 2002-2005 ADDITIONAL DATA . mountain biking. • Developed “process maps” for the subdivision plat submittal and approval process for targeted municipalities in the greater Charlotte area. • Negotiated material acquisitions and built vendor relationships to accommodate future production needs. NC 27514 (206) 251-4709 ♦ Kyle_Woodley@uncbusiness. PUGET SOUND NAVAL SHIPYARD Bremerton. • Worked with Strategic Marketing group to target key geographic areas to pursue land acquisitions.KYLE J. • Acted as departmental Project Engineer for six-month overhaul of USS Nimitz aircraft carrier in San Diego. WA CENTEX HOMES Charlotte. NC Land Development/Entitlement Intern. Responsible for ventilation. golfing. • Spearheaded departmental tests on week-long “at-sea” trials on the SSBN Michigan submarine in preparation for a three-year SSGN conversion at Puget Sound Shipyard. Oregon in the past 10 years. • Coordinated and managed multiple teams of consultants and engineers for feasibility analysis on land deals. • Designed engineering solutions to convert the SSBN Ohio from ballistic to guided (SSGN) missile submarine over a three-year overhaul period. Acted as project manager for multiple residential subdivision projects during initial feasibility periods. California. WOODLEY 620 Park Place ♦ Chapel Hill. • Analyzed performance standards and life expectancy of propulsion equipment for purposes of forecasting future repairs and operating costs. expected May 2007 Concentration in Real Estate Active Member of the Real Estate and Finance Clubs UNIVERSITY OF WASHINGTON Bachelor of Science. and travel. • Authored and edited technical instruction documents for task groups responsible for mechanical repair of propulsion plant equipment. Mechanical Engineering. June 2002 Concentration in Thermodynamics and Energy Systems Member of Varsity Track Team 1998-1999. WA Mechanical Engineer. piping. • Managed budgets during feasibility periods on multiple land deals.

USC .

MBA/MRED 2007 Spencer Rose. MRED 2007 William Ryan Dunlap. MRED 2007 J. MBA/MRED 2007 . Planning. MBA/MRED 2007 M. MBA/MRED 2007 Matt Brookshier. and Development Taleene Bassenian. Scott McKeon. Ryan Komppa.University of Southern California LUSK CENTER FOR REAL ESTATE Marshall School of Business School of Policy.

Marketing Assistant 2003-2004 Coordinated marketing activities directly related to the opening of new home communities throughout the Southern California Area.2007@marshall. CA 2003.700 new homes to the market place in only 1 year. • Submitted Letters of Intent on over $200M of property while managing broker relationships. • Initiated and completed all sales office displays. • Created extensive presentation materials illustrating the company’s successful acquisitions record in an effort to attract powerful investors. community information. and CEO. additional photography. Team successfully acquired over $250M of property. CA May 2002 Researched and analyzed deal feasibility with regards to both market conditions and financial performance for residential development projects within Orange and Los Angeles Counties. ADDITIONAL INFORMATION • Computer: Proficient in Microsoft Office • Interests: Skiing and International Travel . site maps. including Area President.bassenian. including topographical tables. Hovnanian’s Southern California Region. • Coordinated and critiqued community brochures. CA 2004-2005 Irvine.edu EDUCATION University of Southern California Master of Business Administration and Master of Real Estate Development • Vice President of New Initiatives: Graduate Real Estate Association University of California at Berkeley Bachelor of Science in Business Administration • Vice President of Scholarship for the Pi Beta Phi Sorority (4 year member) • Vice President of the Armenian Student Association (2 year member) ADDITIONAL EDUCATION University of California at Irvine Residential Development Extension Program—4 Classes over 1. • Built a revenue model specific to urban development analysis that became the standard template used throughout K.5 years EXPERIENCE K. Assistant Land Acquisition Analyst Irvine. • Produced an all encompassing “Land Acquisition Due Diligence Report” in coordination with team for each of the 7 approved communities. Regional President. CA 90049 • (949) 633-8840 • taleene. Hovnanian Companies of California. and more.Taleene K. successfully launching 8 communities and over 1.usc. • Presented marketing and financial conclusions in both formal and informal meetings on a regular basis to all levels of executive management. Bassenian 11949 Goshen Ave. • Produced a 15 minute marketing documentary currently used nation-wide highlighting company involvement in HomeAid Orange County’s Project Playhouse. #109. • Opened 5 temporary sales offices in Southern California through close communication with community managers. Inc. CA May 2007 Berkeley. Los Angeles. verifying the accuracy of floor plans and marketing information.2004 Los Angeles. • Surveyed and analyzed sales and market data for over 100 new home communities in the Southern California region.

Personally responsible for 75% of deals signed in this market. Lead negotiator on entire deal from start to finish. Responsible for overall project coordination. • Forged strategic alliances with key public and private companies. BROOKSHIER 9000 Vanalden Ave. • Responsible for ensuring each project’s success despite issues associated with operating in a foreign country. CA 91324 • 818-357-9444 • brookshi@usc. founding a consortium to deploy wireless technology in downtown San Diego properties. ADDITIONAL INFORMATION Computer Skills: Modeling in Excel and Argus • Languages: Basic Russian language skills International Experience: Europe. Australia and Middle East Ann Arbor. #149 • Northridge. CA / Moscow. raising over $3 million in equity investment after the technology “bust”. CA Investment / Market Analyst 2002 – 2003 Developed financial and market analysis packages for national multi-family developer. Successfully presented three multi-million dollar deals to investment committee. • Responsible for managing portions of multi-year. • Primary spokesperson. • Exposed to the entire life cycle of development from acquisition to development to disposition. MI May 1997 Waco. Anderson Consulting (Accenture) Dallas. Russia Senior Business Manager 1997 – 2000 Responsible for putting together complex business deals in Russia and the former Soviet Union. San Diego. Russia. Qualcomm. • Spearheaded effort to identify new. • Developed financial analyses for wireless development equity and debt investments by Qualcomm. • Developed investment analysis packages used for signing equity partners in multi-family projects nationwide. CA Vice President of Marketing 2000 – 2002 Created the detailed business plan and model for this start-up wireless data company.edu EDUCATION University of Southern California Los Angeles. presenting at conferences as well as taking interviews with both media and industry analysts. Northridge. PacketAir Networks San Diego. multi-million dollar construction projects for the rollout of wireless networks. Asia. • Led effort to develop reliable and consistent method for tracking key market factors impacting real estate development. • Managed multi-year. TX May 1991 .MATTHEW K. emerging markets. TX Senior Consultant 1991 – 1995 Senior-level consultant for management and technology consulting engagements for this worldwide consulting firm. This methodology was adopted companywide for selecting target markets. Africa. • Successfully put together a debt and equity deal to purchase a multi-million dollar business. Fairfield Residential San Diego. multi-million dollar development projects for Fortune 500 companies. NV as a market to target in 2002. • Built and executed a business plan for turning around an underperforming business resulting in a doubling of revenues and a three times increase in profitability. Report identified Las Vegas. direct customer support and ultimate responsibility for the project’s financial performance. Successfully built it into one of the most profitable and highlyregarded tile stores in the San Fernando Valley. Inc. CA Owner 2003 – 2006 Raised funds and acquired a downtrodden flooring company. • Responsible for underwriting over $50 million in deals. Inc. CA Master of Real Estate Development May 2007 • National Real Estate Challenge Finance Case Competition (one of six students to represent USC) University of Michigan Business School Master of Business Administration – Cum Laude (top 10% of class) Baylor University Bachelor of Business Administration (Dual Major: Finance and Economics) EXPERIENCE Athena Tile & Imports. • Won a contract for nearly $1 million to sell ceramic tile to the City of Los Angeles and Los Angeles World Airports.

• Completed an intensive accounting. capital markets as well as the portfolios and purchasing trends of the numerous financial institutions operating within this realm. • Assisted in the property management of a 600. CA May 2007 Charlottesville. CA Real Estate and Economics Associate 2002 – 2004 Analyzed. Los Angeles.S. ADDITIONAL INFORMATION • Computer Skills: Excel. VA May 1999 • Assist with pro forma analysis of industrial. corporations. • Assist asset managers with updates of leasing and budget models during quarterly review of portfolio performance. Rosen Consulting Group Berkeley. CA Jones Lang LaSalle. University of Virginia Bachelor of Arts in History with a concentration in Modern European History • Phi Alpha Theta International History Honor Society member EXPERIENCE Barker Pacific Group Intern . metropolitan statistical areas and associate demographic profiles in order to author a quarterly economic and real estate report focused on the residential.dunlap. Los Angeles. Banc of America Securities LLC. • Compiled and analyzed various economic. Marshall School of Business / School of Policy. Argus.S. Americas Los Angeles. single family markets in order to analyze appreciation trends and supply and demand imbalances. • Completed quarterly economic and real estate market research in order to forecast real estate market fundamentals and author an in depth office report for the Orange County and Los Angeles regions. CA – Orange County. corporate finance and capital markets investment banking analyst training program. Oracle and SAS database interaction. comparative cross correlation analyses and asset acquisition analyses for public and private real estate investment entities. CoStar. Managed and completed client-oriented special project requests for a spectrum of real estate focused entities. office and self storage assets in order to evaluate financial structure and acquisition feasibility. 2006 – University of Texas at Austin • Graduate Real Estate Association – Vice President of Finance • Awarded MRED Graduate Assistantship for 2007 academic year. retail. • Inspected 60 U. Ibbotson Portfolio Analysis . Leasing and Management 2004 – 2005 Analyzed Southern California real estate markets and office assets and executed office building lease transactions for a top five international real estate brokerage firm. CA 90068 • (415) 948-1076 • william.Acquisitions and Dispositions Los Angeles.S. • Completed portfolio optimization models. Montgomery Division San Francisco.usc.000 square-foot Class A office development in Orange County’s Airport office submarket (central business district). Planning and Development Master of Business Administration / Master of Real Estate Development • NAIOP Real Estate Challenge member. financial and real estate presentations for public and private real estate investors and developers throughout the United States. • Researched and analyzed the U.William Ryan Dunlap 2328 Beachwood Drive #3. CA Equity Capital Markets Real Estate and Financial Institutions Analyst 1999 – 2001 Coordinated with corporate finance to execute the equity issuance and pricing process for a multitude of U.edu EDUCATION University of Southern California. Bloomberg. researched and forecasted ten major U. CA Research and Transaction Analyst. office and industrial property sectors. 2006 • USC National Real Estate Challenge member.2007@marshall. • Created detailed lease transaction cash flow models for various tenant representation clients. • Coordinated with LaSalle Investment Management in the analysis of Class A office property acquisition targets and real estate market characteristics in the Southern California region.S. August 2006 – Present Provide support to the Acquisitions and Dispositions team during the due diligence and financial structuring stages of asset and portfolio transactions.

Wrote and edited daily notes. Academic Council President. • • • • Results presented by senior management to board members. Office. CO March 2003 – November 2004 Senior Analyst / Strategy Consultant Conducted high level operational and strategic analysis and consulting work. National Real Estate Case Competition Team. Stan Ross Seminar Series • Research Assistant to Professor Stuart Gabriel – Chair and Director of the USC Lusk Center for Real Estate Georgetown University Bachelor of Science. CA 92663 • 303-513-0485 • komppa@usc. critiqued work as “incredibly insightful and helpful” and moved to implement as a company wide effort Risk Analyst June 2002– March 2003 Helped convert department to a “rate to risk” methodology. CA Master of Real Estate Development May 2007 • 3. with a revenue potential over $50M in the DC market alone Conducted an analytical performance assessment of business operations using Six Sigma methodology to identify key factors impacting performance.223 35 Street • Newport Beach.9 GPA. writing case studies. and Self-Storage sectors. ADDITIONAL INFORMATION Professional Affiliations: Urban Land Institute. and DCF models. NAIOP. market conditions. Earnings. debt analyses. and competitor performance. CA Associate November 2004 – May 2006 Managed some of the most well respected financial models in real estate investment trust (REIT) industry . and staff at 30+ properties across the U. DC Practice and Policy Department Assistant January 2001 – May 2001 Contributed to publications including Maturing Suburban Districts.including Net Asset Value (NAV). and coverage initiation pieces Contributed to the Office and Industrial team’s 25% buy-sell spread in 2005 AIMCO Denver. Analyzed national real estate markets. Industrial. occupancy. DC May 2002 EXPERIENCE Green Street Advisors Newport Beach. o Jeff Adler. Designed and implemented comparative performance measurement systems incorporating rent. Terry Considine: “one of the two key insights on the business I’ve seen over the past year” Utilized results to identify and support corrective action at previously unknown underperforming assets. ICSC Computer Skills: Advanced Financial Modeling in Microsoft Excel and Argus . sales. Dollars and Sense: Urban Infill. dubbed by the Chairman and CEO. Dean’s Citation Award. • Designed and implemented a large Liability SIR program and provided important oversight and claims data • Efforts led to a savings of more than $10M in decreased losses and renewal savings in 2003 Financial Analyst Negotiated and analyzed affordable housing contracts to maximize profit upon renewal of HUD contracts.edu th M. as well as analyzing and preparing market forecasts. quarterly industry updates. sending pricing signals and maximizing loss control. RYAN KOMPPA EDUCATION University of Southern California Los Angeles. Finance / Management double major • Cum Laude. 730 GMAT. IPO reports. trends. Men’s Varsity Crew Washington. and individual REIT strategy. EVP of Property Operations. and Urban Land magazine by conducting extensive research. Summer 2001 Urban Land Institute Washington.S. • • • Analyzed the Retail. Results presented to senior management and used as a basis for strategic planning Conducted operational reviews of three $150M+ regional operating centers (ROCs) o Conducted 50+ interviews of community managers.

Community: Redondo Beach Softball League. VA Asset Manager 2002 . Supported Director of Development on 24-acre redevelopment project. Buena Vista. • Negotiated 57 long-term leases worth $445K in annual revenue from 6 corporate accounts across 4 states. ADDITIONAL INFORMATION International: Volunteer Missionary: Dominican Republic. implementing new operational initiatives. Cornerstone REIT (NYSE: TCR) Richmond. Starting Centerfielder. Reported monthly ROI results to executive management and capital partners. • Managed acquisition exploration.2002 Responsible for researching and analyzing market conditions and competitor performance to prepare management for earnings conference calls. • Drove repositioning recommendations for Chase Tower. Eagle Scout. SCOTT MCKEON 2116 Warfield Avenue • Redondo Beach. fluent in Spanish. Analyzed operational. and market conditions in order to create strategies for asset acquisition. • Directly responsible for sourcing and closing 6. Apple REIT Richmond. fulfilling assignments with 7 Senior Vice Presidents. motorcycles. the firm’s signature skyline office building.edu EDUCATION University of Southern California Los Angeles. CA 90278 • (310) 400-4591 • jmckeon@usc. and all due diligence for purchase of 42 hotels totaling $600 million. LDS Church Youth Group.2005 Responsible for portfolio profit & loss of 15 Marriott-branded hotels valued at over $280 million. Volunteer: Boy Scouts of America: Venturing Crew Advisor. • Led team through completion of 9 property renovations and $5 million in annual capital expenditures. TX Summer Associate Summer 2006 Responsible for driving new marketing and leasing strategies for 4 key commercial properties in greater Dallas area. Selected by CEO to join strategy team. • Member of Graduate Real Estate Association. property. VA April 2001 EXPERIENCE Stream Realty Partners Dallas. VA Investor Relations Manager 2001 . CA Dual Degree: Master of Business Administration & Master of Real Estate Development May 2007 • Participant in National Association of Industrial and Office Properties USC/UCLA Real Estate Challenge. • Initiated discussion with Trammell Crow Residential for joint-venture on redevelopment project. • Awarded Gibson Entrepreneurial Scholarship. Southern Virginia University Bachelor of Arts • Elected Student Body President. valuation.J. music. • Traveled extensively with executive management to acquisition sites. Interests: Family. Study Abroad: Jerusalem. • Completed 6-month Junior Executive Training program. participating in high-level negotiations. SVU Alumni Association. • Developed investor road show that resulted in new property acquisitions through the issuance of OP Units. • Team Captain for Varsity Baseball Team.500SF lease to Ferrari dealership in the Chase Tower Rotunda. • Chosen as Team Captain for University of Texas at Austin National Real Estate Challenge. surfing. reposition and disposition. . Israel.

• Oversaw the production of the property marketing materials used during pitch meetings. Worked along side an outside attorney during final lease and contract stages. • Prepared fact sheets and summary memorandums for client review. Borstein Scholarship. #7. Concentration in Real Estate Finance • Vice President. Medical Realty Advisors Summer Associate Newport Beach.edu EDUCATION University of Southern California. Sacks Real Estate Group Summer Associate Newport Beach. and municipalities in two major metropolitan markets. ADDITIONAL INFORMATION • Affiliations: International Council of Shopping Centers (ICSC). Urban Land Institute (ULI). • Successfully built relationships with local brokers. CA May 2007 Los Angeles. Legal Studies. • Compiled property information and financial data into a searchable database for investor use. CA May 2001 Acquired over $10 million in office and retail property to facilitate the development of new savings and lending branch offices. • Analyzed market demographic data and used GIS software to drill down to a trade area level of analysis. • Structured deal terms. Minor. • Oversaw the creation of Site Recommendation Packages. developers. CA Summer 1999 Performed pro-forma analysis for an investment sales brokerage firm that focused on small (5-10 unit) multi-family residential properties throughout Orange County. which allowed tenants an easy way to search for available office space. Business Administration (Haas School) EXPERIENCE World Savings Bank (acquired by Wachovia Corporation in 2006) Real Estate Acquisitions Analyst Oakland. which were presented to the internal real estate committee for approval to purchase or lease the property. Planning. Geographic Information Systems (GIS). drafted and negotiated Letters of Intent for over 100 potential sites. reading and travel . Rose 505 Manhattan Beach Blvd.rose. CA Summer 2000 Assisted the brokerage team with all tasks associated with promoting and leasing medical office space. and Visio • Interests: golf. running.usc. • Hired consultants. • Performed valuations for potential deals and benchmarked against comparable sales data. CA 90266 • (310) 947-4128 • spencer. ARGUS. External Affairs: Graduate Real Estate Association University of Southern California. USC Graduate Real Estate Association (GREA) • Computer: Excel. tennis. School of Policy. Monitored all development activity in each market and performed field site reviews on a monthly basis. CA 2001 -2005 Los Angeles. compiled and reviewed all due diligence material prior to closing on the property. 2005-06 University of California. • Assisted in the development of an online property database. Marshall School of Business Master of Business Administration.2007@marshall. Berkeley Bachelor of Arts.Spencer L. Manhattan Beach. CA May 2007 Berkeley. and Development Master of Real Estate Development • Recipient. achieved one of the highest site approval ratings in the department.

Wharton .

The Wharton Team Christopher Bennett Jed Brawley Laura Campbell Ian Cohen Joshua Morris Joseph Spector .

NY Summer Associate Summer 2006 • Created complex partnership structure for a $7MM JV recapitalization of a Goldman Sachs partnership which owned a leasehold interest in a parking structure and developed cash flow model with a six-part waterfall. Certificate in Markets and Management 1997 . • Selected Graduate Teaching Assistant: Real Estate Finance and Investments. • Advised fund management on potential disposition of a portfolio investment. and Reading. resulting in net new assets to the firm in excess of $500 MM. Fixed Income 2003 – 2005 CMBS Senior Analyst/ Underwriter • Originated and underwrote commercial real estate loans. Philadelphia. • GMAT – 750 (90%M.. UNIVERSITY OF PENNSYLVANIA Master of Business Administration Candidate. Resulted in $300k price adjustment from Seller.3MM acquisition of 366 acres of land. Durham. basic Spanish competency. 97%V). EXPERIENCE Petrus Partners.P. Constructed detailed underwriting model. Statistics. Duke University Dean’s List 1998-9. • Performed due diligence on a $26. CMBS Analyst • Modeled commercial real estate loans and proposed loan structures for numerous single asset and portfolio transactions including 454 loans of all product types totaling $5. Leadership/ Community Service: Streetwise Partners: 2002 –2005. comprised of senior management.$200MM refinance of One River Place. NY owned by Silverstein Properties. Audited historical expenses. BENNETT 2429 Locust Street. and alternative investment products. Member of Operations Committee of Rebuilding Together. • Co-founded real estate development company.2007 • Active member of Real Estate Club and Private Equity Club. • Duke Crew Team: Varsity letter winner 1998 – 2000.75MM acquisition of a 263. Focused on concentrated stock and risk management using derivative products. Coordinated private briefings and research efforts for High Net Worth clients with aggregate assets in excess of $28B.2001 • Relevant coursework: Corporate Finance. staffed and trained Junior Analysts. • Selected transactions include: . performing valuation analysis and market research. drafted preliminary term sheet and documents. • Provided underwriting support for 48 securitized loans which totaled $319MM. • Evaluated and modeled in Argus and Excel over fifty investment opportunities valued in excess of $1B. Travel. • Underwrote and presented over 30 loans representing $135MM in collateral for approval to Nomura CMBS Credit Committee. Apt.$94MM in financing for Walton Street Capital’s acquisition of an industrial portfolio. Interests: Skiing. Private Wealth Management • • New York. Nomura Securities International New York. which focuses on land development in Pennsylvania and has made a $3. and advised senior team members on complex holdback structure.564. Acted as Mentor and then Program Officer for career mentoring program that serves adults in the New York City area who seek career and computer skills to help them enter the workforce. performed property inspection. NJ 2001 – 2003 Created proactive client solutions for Private Wealth Advisor teams and developed proficiency with real estate. Major in Real Estate and Finance 2005 . a 921 unit Class A property in New York.6801 | Bennettf@wharton.upenn.06B. Wright Estate. Series 7 & 66 Licensed. NY Senior Analyst. NC Duke University Bachelor of Science in Economics. NC as part of a disposition from a REIT. . L. • Nominated for Promotion to Assistant Vice President in March 2005. only one of nine analysts.216 sf Class A office portfolio in Greensboro. Built detailed underwriting model encompassing 24 properties and acted as initial primary contact for client. Financial Markets and Investing. Recommendation of retaining the property was adopted. . New York. Hiking. 411. • • • ADDITIONAL INFORMATION Skills: Argus. and developed financial model in Argus and Excel. abstracted leases. fixed income. PA 19103 | 610.. Analyst.edu EDUCATION Philadelphia. NY and Princeton. $12MM flex property in Phoenix. Ltd. Merrill Lynch & Co. PA THE WHARTON SCHOOL.CHRIS F. AZ.

• Member of Chi Phi Fraternity (1996-2001): Elected Treasurer and managed over $100. Private Equity. financings. Concentration in Finance and M. negotiated and drafted purchase. MORGAN PARTNERS. NY Associate. evaluated profitability among multiple business lines. J. travel. • Key transactions included a $16. NY Private Equity Associate. • Awarded Lauder Foundation Fellowship. prepared detailed financial models and valuations. Summer Language Immersion in Paris.000 investment portfolio. EXPERIENCE CERBERUS CAPITAL MANAGEMENT. Sales contributed over $100M to profit.wg07@wharton. PA 19103 Phone: 917. • Interests: Swimming. extensive legal work.I.2007 Master of Arts in International Studies Candidate. Structured acquisitions. precedent transaction. Minor in Economics May 2001 • Chosen as McIntire Investment Institute Portfolio Analyst (1997-2001): Student-run. and formulated acquisition structures in order to maximize tax-efficiency. VA UNIVERSITY OF VIRGINIA Bachelor of Science in Commerce. L. NY SALOMON SMITH BARNEY July 2001–June 2002 Analyst. only 1st year MBA selected to team in 2005. PA Master of Business Administration Candidate. • Key transactions included the evaluation of a €1. Real Estate. and joint venture agreements. BRAWLEY 2028 Walnut Street. joint ventures.P. guitar.edu EDUCATION THE WHARTON SCHOOL and THE LAUDER INSTITUTE. strategic planning.upenn. Facilitated sales process by coordinating due diligence.2B acquisition of a government-owned real estate operating company in Scandinavia.000 in funds. • Managed approximately 30 assets: oversaw property management. a merit-based award. $300. sale-leasebacks. UNIVERSITY OF PENNSYLVANIA Philadelphia. Rugby (elected officer) and Wine Clubs. Major in Financial & Operational Risk Management 2005 . Real Estate Private Equity Opportunity Fund July 2002–April 2004 Investment professional at a $650M private equity opportunity fund focused on middle-market real estate investments. Charlottesville. mergers and acquisitions.5M acquisition of suburban office building from creditor holding distressed asset in lieu of foreclosure. including investments in corporate interests and securities. THE PRAEDIUM GROUP LLC New York. Analyzed equity investments in European corporations and made investment recommendations based on quantitative and qualitative analysis. and negotiation of valuation and transaction structures..P. marketing. advised senior management on budgeting. Co-managed execution of real estate investments totaling over $250M in aggregate market value. Africa to provide microfinance and small business consulting. piano. Real Estate & Lodging Investment Banking Group • Analyzed quantitative and qualitative feasibility of proposed financings. • International Volunteer Project in Benin. contract negotiations and closings. and asset dispositions. Real Estate Group April 2004 – May 2005 The real estate group consisted of four investment professionals (including two partners) with the mandate to manage operations and dispositions of the company’s real estate private equity portfolio consisting of approximately $300M of equity invested.000 residential units. • Performed valuation analyses using comparable company. redevelopments. modeled. requiring the unwind of a complex joint venture. and $133M in acquisitions of three distinct New York City multifamily portfolios totaling over 2.847.S. Philadelphia. • Formulated and evaluated exit strategies for existing investments. financing. • Actively managed approximately 15 portfolio investments. • Key transactions included the $90 million disposition of a 250.9171 -. running.JED M. Germany Summer 2006 Associate Cerberus is a global private investment firm with approximately $16B of funds under management. LLC New York. financings. Frankfurt. New York. ADDITIONAL INFORMATION . • Languages: Fluent in French with experience in Spanish (5 years in high school and University). and a €300M acquisition in a spin-off of the real estate division of a large European energy conglomerate. Western Europe and French Concentration • Active member of the Investment Management.000 square foot office complex. • Captain of Wharton’s 2006 National Real Estate Challenge team. and discounted cash flow methodologies. and cooking. renovations.Email: Jed. managed due diligence activities. • Responsible for investments across a variety of asset classes. analyzed and approved potential lease deals. and recapitalizations. • Acquisition Experience: Analyzed over $1B of opportunities across a wide variety of asset classes to assess investment potential. • Developed strategic and operating initiatives. and limited partnerships totaling approximately $800M in estimated market value. Led weekly and extensive bi-annual portfolio reviews for managing partners.Brawley. structured and coordinated potential investments and financings. • Involved in all aspects of the investment process: assessed potential acquisition opportunities.

NY 2000-2001 Cambridge. Spain. SCHOOL OF DESIGN. GRADUATE SCHOOL OF DESIGN. PA Summer Associate – Facilities and Real Estate Services 2005 Division manages development/redevelopment.wg07@wharton. SACHS & CO. • Teaching Assistant. PA Master of City and Regional Planning Candidate – Major in Urban Design and Development 2004-2007 • Awarded Department of City and Regional Planning Chair’s Merit Scholarship. the nation’s oldest tuition-free art school.000 persons annually. . Position involves teaching a real estate finance primer and assisting in development of an exercise underwriting urban real estate investments. sailing. 604 • Philadelphia. budgets and maps for UIG/REPIA Investment Committee review. • Performed on-site market research and prepared detailed comparables and pipeline analyses for projects in emerging and established markets of NY. Co-led Los Angeles Real Estate Trek (’06). ASSOCIATION OF THE BAR OF THE CITY OF NEW YORK New York. NJ and CA. sketching. deal structure. preferred equity and mezzanine investments to underwrite residential and mixed-use projects involving renovation/new construction in urban markets of NY. • Research Assistant (’04-’05). leadership. UNIVERSITY OF PENNSYLVANIA Philadelphia. NY Summer Associate – Urban Investment Group (Merchant Banking Division) 2006 • Modeled equity. Conducted legal clinics on commercial leasing and 9/11 aid programs. Wharton Private Equity. assumptions. running. One of 12 students selected to receive leadership and governance training while serving on the board of the Samuel S. • Visiting Board Member. UNIVERSITY OF PENNSYLVANIA Philadelphia. • Part of student team to receive a Certificate of Merit from the American Planning Association for a commercial corridor/riverfront redevelopment plan containing retail market and parking studies and phased design and development guidelines. UNIVERSITY OF PENNSYLVANIA Philadelphia. EXPERIENCE GOLDMAN.7/4. Levy Fellowships for integrity. Side-by-side comparisons and return analyses presented to Selection Committee. • Assessed supply/demand and comparables. • Prepared and presented deal summaries. Real Estate Finance and Investment for Professor Lynne Sagalyn. information and advocacy to over 25.campbell. Honors thesis on Spanish foreign direct investment in Argentina. NY Program Coordinator – The City Bar Justice Fund 2002-2004 Legal association providing pro bono representation. HARVARD UNIVERSITY Career Discovery Program Architecture Certificate BROWN UNIVERSITY Bachelor of Arts with Honors – Majors in International Relations and Hispanic Literature • GPA 3. Wharton Non-Profit Board Leadership Program. PA Master of Business Administration Candidate – Major in Real Estate 2005-2007 • Awarded Joseph Wharton and Diane and Robert M. • Administered program to resolve landlord/tenant issues of 9/11-affected small businesses. • Traveled to Eastern and Western Europe. capital planning. • Prepared presentation for Real Estate Steering Committee on acquisition of an $18M portfolio of 258 apartments for condo conversion. Information used to evaluate project feasibility and developer assumptions regarding product and price points. CAMPBELL 1512 Spruce Street. investment structure. including project overview.edu EDUCATION THE WHARTON SCHOOL. • Developed presentations on San Francisco and Los Angeles for-sale/rental housing markets. PA 19102 (917) 670-7116 • laura. Director of Development used analysis to discuss feasibility internally and with potential partners. Project to break ground in 2007. Fleisher Art Memorial. leasing and operations for university-owned real estate assets. Real Estate and Golf Clubs. • Launched pilot program to consult to low-income entrepreneurs on business structure. Selected based on class performance. Project under consideration.LAURA A. RI 1996-2000 ADDITIONAL INFORMATION • Proficient in all Microsoft Office applications. • Evaluated developer credentials. New York. Working knowledge of ARGUS. • Active member of Urban Land Institute. NY Research Assistant – Historic House Trust of New York City 2002 • Researched public and museum archives regarding prior property restorations and land use as part of historic preservation efforts. Found volunteer attorneys to recover $2M in property insurance claims. return and breakeven analyses. Central and South America. NEW YORK CITY DEPARTMENT OF PARKS AND RECREATION New York. Enjoy historical non-fiction. Total development costs ranged from $50-120M. • Represented the Association at inter-agency/public meetings. grants and loans. commercial leases. modeled financials for conversion of a campus property into a boutique hotel. Transaction approved as part of strategy to expand $15M Neighborhood Preservation and Development Fund. NJ and PA.0. academic and professional excellence. Developed partnerships and led workshops with CDCs and EDCs.upenn. golf. MA 2002 Providence. Professor Lynne Sagalyn on the evolution and impact of historic preservation tax credits. pro-formas and designs in RFP responses for a $50M student housing/retail development. INTERNATIONAL RESCUE COMMITTEE Program Coordinator – Refugee Resettlement Department New York. Apt. Presentations used by Managing Director in panel discussions and meetings to build momentum for UIG investments on the West Coast. contracts and licenses. Junior year abroad in Salamanca. All deals received preliminary or final approval.

and supervised underwriting process for sale and refinancing of multifamily housing properties comprising 1.. PA 19103 917-748-2232 (Cell) / 215-525-3303 (Home) iancohen@wharton. Visited 23 of 34 provinces and special administrative regions in China Proficient in ARGUS commercial real estate valuation software. SAR Summer Associate – Real Estate Investment 2006 • Analyzed investments in public and private Asian developers and REITs for Morgan Stanley Real Estate Funds (MSREF) and Morgan Stanley’s real estate Special Situations Fund • Developed model for $34 million investment in public securities of a large Asian REIT which was subsequently executed • Analyzed $150 million investment in convertible bonds for Chinese mall-owning entity • Created analysis for $50 million investment in public securities of Hong Kong-listed Chinese developer • Performed comparable company analysis and researched projects and markets in Hong Kong.upenn. and execution of research and financial modeling Shanghai. SAIS Finance Club BROWN UNIVERSITY Providence. Consultant. JOHNS HOPKINS UNIVERSITY Dual-Degree MBA and MA of International Affairs Candidate. NY Financial Analyst – Restructuring. Cumulative GPA (SAIS): 3. Wharton Real Estate Club. Major in International Relations. legal and general market issues utilized by The Rockefeller Group in their decision to invest in Shanghai • Built discounted cash flow model for $800 million. COHEN 2317 Delancey Street. foreign exchange. taxation. carried out due diligence. Brown Outdoor Leadership Leader and Leader Trainer. process definition. which was subsequently invested in by The Rockefeller Group • Authored investment report pertaining to Chinese practice and policy regarding joint-venture. Elbrus in Europe. residential and office and presented to potential investors and real estate developers THE RELATED COMPANIES New York. Member (2005-2006). Refinance and Dispositions Group 2001 – 2002 • Managed and negotiated numerous sales and refinancings of multi-family affordable housing properties comprised of 400 units throughout United States. Global Business Policy Group. Fraternity President EXPERIENCE MORGAN STANLEY REAL ESTATE Hong Kong.IAN A. return analysis. Bloomberg and Microsoft Office Coach and Crisis Author. Wharton 2006 National Real Estate Challenge Team. Philadelphia. PA THE WHARTON SCHOOL. China CUSHMAN & WAKEFIELD PREMAS Financial Analyst – Research and Advisory Group 2003 • Hired as sole analyst responsible for market research and financial modeling for the largest proposed foreign real estate development in China.7 Concentrations in Real Estate.7 2000 • Elected to Brown University Finance Board. Summer 2005 • AT Kearney. VP of Alumni Relations (2005).Denali in North America and Mt. mall/retail. Responsibilities included lender and buyer negotiation of contract terms. and government and investor approvals • Performed profit analysis. Singapore. Cumulative GPA: 3. Apt 1R. Associate. Generated net proceeds of $12 million. Inc. multi-use project including hotel. Structured Finance. China Manager – Real Estate Investment Department 2004 • Managed several teams of 3-5 Chinese analysts and staff preparing market research for major international clients • Executed due diligence and negotiation with team for proposed $25 million investment in Shanghai residential development • Built financial models and wrote research reports for projects assessed by international banks and private equity funds • Initiated and co-managed the introduction of “Institutional Investor Services Group” including formation of four-member team. Corporate Finance. Cohort J Flag Football Team . DC Student Outreach. Spring Semester 2005 ADDITIONAL INFORMATION Language: Accomplishments: Software: Activities: Proficiency Qualification in Mandarin Chinese Climbed two “Seven Summits” . RI BA. debt restructuring. International Economics and Asia/China Studies • Member. UNIVERSITY OF PENNSYLVANIA 2007 SCHOOL OF ADVANCED INTERNATIONAL STUDIES (SAIS). Player/Coach. authorship of business plan.300 units generating proceeds of $20 million OTHER EXPERIENCE • Financial Security Assurance (FSA).edu EDUCATION Philadelphia. 40 building. Completed three marathons. Wharton NY Real Estate Trek. and China STANLEY & PARTNERS INVESTMENT MANAGEMENT COMPANY Shanghai. Waitanyuan. Co-leader (2006).

edu JOSHUA D.P. Volunteer for the 2006 Wharton Investment Management Conference • Selected as Panel Manager for “Brand Extension in Private Equity” Panel for the 2007 Wharton Private Equity Conference • Active member of Wharton’s Real Estate.0 • Awarded merit-based Kimberly-Clark Scholarship. Commercial Mortgage-Backed Securities Group (CMBS) 2002 . using Excel and VBA.000 users • Created the business model and managed a team of marketing interns that promoted the successful launch of ClassGrabber ADDITIONAL INFORMATION • Interests: Backcountry skiing. that was used by the firms credit risk managers in their VARS calculation CLASSGRABBER Austin. PA 19103 917-710-0436 joshua. negotiated term sheets.2004 • Executed 10 securitizations totaling $9 billion. Wharton Investment Management Fund (a $750. NY Analyst. Investment Management. financial modeling. Associate Council Member.only first year student selected to represent Wharton • Analyst. TX Bachelor of Business Administration. UT J.wg08@wharton. MORGAN New York. UConn basketball. golf. including developing analytics and prospecting for potential clients • Selected transactions include co-originating a $1 billion financing that enabled Hometown America to acquire Chateau Communities and underwriting GE Financial Assurance’s $822 million CMBS securitization. NY Application Delivery Summer Internship Program. and due diligence • Managed over $750 million of existing investments. Charlie Flint.2031 Locust Street #401. member of Zeta Beta Tau Fraternity EXPERIENCE BAYNORTH CAPITAL Boston. and University Honors • Founded the Undergraduate Investment Fund. whose value exceeds $650 million • Devised acquisition structure. Ben Gurion Giving Society and Kadimah Young Leadership Program . Boston Scholars Program. and Clancy Casey • Acquired 26 properties encompassing over 5 million square feet. our first third-party underwriting J. MORGAN New York. Combined Jewish Philanthropies. travel. Mentor and Board of Affiliates Member. Performed credit analysis and drafted credit committee memorandums • Co-created third party CMBS securitization platform.000 small cap value fund). Majors in Real Estate and Finance 2006 – 2008 • Nominated for 2006 National Real Estate Challenge .upenn. loan documents and joint venture agreements.P.2 billion. UNIVERSITY OF PENNSYLVANIA Philadelphia. and reading • Investing: Manage personal investment portfolio employing a deep value approach • Positions: University of Texas Real Estate Finance and Investment Center. MA Associate 2004 – 2006 Investment professional at a $900 million real estate private equity fund that was formerly part of Harvard University’s Endowment. Created marketing and legal documentation and performed statistical analyses • Overhauled marketing documentation thereby increasing accuracy and value of information presented to potential investors • Evaluated more than 20 large loan origination opportunities. Charlie Wu. weightlifting. including overseeing all strategic and financial decisions • Selected transactions included negotiating a $36 million Joint Venture with Foresite Realty and agreeing to develop a $55 million Private Residence Club on Main Street in Park City. performed underwriting.2002 • Overall GPA: 3. Values at Risk Systems (VARS) Summer 2001 • Built a software application. Philadelphia. Dean’s List.morris. MORRIS EDUCATION THE WHARTON SCHOOL.8 / 4. Private Equity. and Wildmen Hockey Clubs UNIVERSITY OF TEXAS AT AUSTIN (MCCOMBS SCHOOL OF BUSINESS) Austin. Reported directly to Chip Douglas. Major in Management Information Systems 1998 . PA Master of Business Administration Candidate. UT and NY Giants football. TX Founder and CEO 2001 – 2002 • Designed and marketed an innovative class registry management software application product that has been rolled out to 7 universities and has over 6. including 3 successful originations totaling $1. Distinguished College Scholar.

BERKELEY Berkeley. legal. automotive. vacancies and tenant credits • Modeled pro-forma yields and performed building and market due diligence for Investment Committee Proposals • Explored investment opportunities for core retail.edu EDUCATION THE WHARTON SCHOOL. Houston.2007 • Wharton’s Captain.2001 • Emerging Leader Alumni Scholar and President of Haas Undergraduate Student Government • Graduated in 3 years while financing 100% of all college expenses through scholarships and part-time work WORK EXPERIENCE HINES INTERESTS L. Majors in Real Estate and Finance 2005 . Italy. New York. and Austria. stacking plans. Major in Business Administration 1999 . Acquisitions Group Summer 2006 • Evaluated over 10MM SF of planned transactions for US Core Office and REIT funds using ARGUS and Excel • Assisted underwriting Blackstone’s $900MM Trizec portfolio and $65MM Kansas City Class A office by analyzing replacement costs. Crystal Ball (Linear Programming) Interests: Weightlifting. banking. accounting. ARGUS trained. Apt. CA Assistant Project Manager Intern. traveled to over 20 countries Professional Qualifications: NASD Series 7 and 63 licensed.000 ADDITIONAL INFORMATION • • • Languages and Travel: Fluent in Russian. airline Quantitative Analysis • Constructed dynamic cash flow and financial structure models for receivables principal investing and securitizations • Modeled capital mix.upenn. developers and real estate research professionals • Analyzed San Francisco Bay Area office market trends and presented results to management • Created case study of CBD office acquisition strategies to educate REIT wholesaler team about investment traps • Examined San Francisco Planning Code for various easement fees to help assess best use of development lot J. Top 1% HAAS SCHOOL OF BUSINESS. lived in Uzbekistan. negotiating term sheets. 2006 National Real Estate Challenge • Elected VP of Wharton Real Estate Club. and trustee professionals to review and execute transactions • Developed close client relationships by leading due diligence. 1807 • Philadelphia.P. hedging and project finance Industry experience: Hospitality. CA Bachelor of Science. hedging options. marketing transactions with complex structures and attending conferences • Negotiated legal documents and set up infrastructure for first time securitization issuers Leadership and Teamwork • Increased on-campus recruiting 100% by working with human resources and senior alums • Spearheaded Securitization Department in United Way Corporate Giving Campaign to raise over $20. industrial and office properties in target submarkets by speaking with local brokers. and enhancement levels to advise clients on minimizing funding costs • Evaluated bond structuring strategies and market conditions to advise Treasurers • Analyzed funding alternatives for CEO of leading fleet leasing company to derive long-term growth plan Project Management • Led teams of banking.JOSEPH D. TX and San Francisco. running and writing (working on publishing a book about my refugee experience) . MORGAN SECURITIES INC. SPECTOR 111 South 15th Street.P. PA MBA Candidate. auction rate notes. UNIVERSITY OF PENNSYLVANIA Philadelphia. insurance. NY Senior Analyst. consumer. active member Urban Land Institute Young Leaders and Roadrunners Club • Participated in Wharton’s Real Estate Research Competition and 2006 ULI Student Urban Design Competition • Participated in Southeast Asia Global Immersion Program: cultural and business trek to explore market opportunities • GMAT Score: 760. rating agency. net effective rents. PA 19102 (646) 872-6607 • spectord@wharton. rollover schedules. utility. UNIVERSITY OF CALIFORNIA. developing transaction structures. Securitized Products Group 2002 – 2005 Worked with principal investments. private placements. marketing and pricing transactions • Trained and supervised 6 Analysts in transaction execution and product knowledge Strategy • Identified securitization opportunities through company research leading to bond assignments totaling $700MM • Developed and maintained extensive contacts with institutional investors by working with trading desks.

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