Mr. Friedman is President and CEO of Abacus Capital Group, LLC. and has overall responsibility for company strategy and is a member of the Investment Committee. Mr. Friedman’s role is to provide strategic direction to ACG’s Executive Team and provide support to ACG’s investor relations and portfolio management efforts. Mr. Friedman’s prior work experience as a principal with Greystar Real Estate Advisors and DRA Advisors, Inc. has shown a proven track record in building and executing institutional investment strategies and leading teams. Prior to forming Abacus, Mr. Friedman was President of Greystar Real Estate Advisors, LLC whereby he oversaw a $250 million separate account on behalf of a state pension fund. In less than one year, Mr. Friedman and his team (current senior management at ACG) acquired ten multifamily assets in New York and Florida, which greatly enhanced portfolio yields from 1.8% to 22.85%. In addition, the team revamped investor reporting, implemented a strategic debt program, streamlined the acquisition and asset management process and helped establish a captive property management platform to solely enhance the value of the investor’s holdings in New York City. Prior to joining Greystar Real Estate Advisors, Mr. Friedman was a Managing Director and Principal of DRA Advisors, Inc., a New York based Pension Advisory firm from 1993-2001. While at DRA, Mr. Friedman created and built the multifamily business within the firm and acquired over $1 billion in real estate assets including 10,000 apartment homes. Mr. Friedman was also actively involved in the firm’s growth from 17 employees with $400 million under management to 51 employees, with $2.5 billion under management. Ben earned a Bachelor of Science Degree in Economics from the University of Pennsylvania/Wharton School and an MBA degree from Columbia Business School with honors.

Mr. Lyden is Executive Vice President, Acquisitions of Abacus Capital Group, LLC. Prior to joining ACG, Mr. Lyden was a Managing Director of Greystar Real Estate Advisors, LLC overseeing the firm’s acquisition and asset management efforts. During his tenure, Mr. Lyden put in place proven acquisition and asset management processes geared towards serving the requirements of institutional investors. Mr. Lyden also established a programmatic venture with a major national multifamily developer providing GREA with the opportunity to purchase new, substantially fully leased properties on a pre-sale basis before such properties were openly marketed. This program allowed GREA the option to purchase $120 million of properties. Prior to joining GREA, Mr. Lyden was a First Vice President with Sentinel Real Estate Corporation, an established multifamily pension fund advisory firm. Mr. Lyden was responsible for acquisition and disposition activity in the Western United States. During his tenure, Mr. Lyden acquired over 9,000 units valued at approximately $600 million on behalf of the firm’s public and private pension fund clients. Prior to joining Sentinel, Mr. Lyden was a Vice President at Integrated Resources, Inc. where he was responsible for structuring private and public investment vehicles for multifamily investors. Greg holds a Bachelor of Science in Business Administration from Bryant College and is a Certified Public Accountant.

Mr. Ellis is a Senior Vice President for Abacus Capital Group, LLC and is responsible for asset management initiatives. Mr. Ellis helped found ACG after serving as the Director of Greystar Manhattan Management and as a Director of Greystar Real Estate Advisors from 2001- 2004. While at Greystar, Mr. Ellis built a team and implemented the leasing, management and renovation strategy for a $250 million, nine building apartment portfolio in Manhattan. During the initial holding period of these assets, Mr. Ellis’s repositioning strategy increased physical occupancies by 5% and increased individual asset revenues between 5 to 10%. This repositioning strategy included an interior renovation program, which generated returns exceeding 15% on invested capital while minimizing the unit turnover time. This effort helped to enhance the value of the assets by 20% during the first eighteen months of ownership.