Mr. McDowell has 45 years of experience in the real estate industry. McDowell Properties was formed in 2004 and has an investment strategy that focuses on the opportunistic acquisition of multifamily properties. McDowell Properties is also an active buyer of subordinate CMBS debt. Since inception the company has purchased over 31,000 rental units valued at over $2BN and has made investments in subordinate, commercial mortgage-backed securities representing $8BN of multifamily loans secured by over 100,000 units. Mr. McDowell was a founder and partner of The Fox Group and its successor company Metric Realty, a joint venture with Metropolitan Life Insurance Company, from 1971 until 1993. Fox/Metric invested in and managed over $4 billion in real estate assets, comprising in excess of 400 individual properties located in more than 30 states. Mr. McDowell was Executive Vice President of Fox from 1975 until 1986, in charge of all acquisition, disposition and financing activities, and from 1986 until 1993, he was President and Chief Executive Officer. Mr. McDowell has extensive experience investing and managing capital as a fiduciary for investors in public and private securities offerings and for public pension funds. While at Metric Realty, Mr. McDowell raised and managed over $1 billion in capital for more than 30 public pension plans, including CALPERS and CALSTRS. Mr. McDowell has also been the Managing Member of Limited Liability Companies which invested selectively in real estate partnership interests and has invested in tender offerings of public real estate securities. Mr. McDowell is active in numerous industry organizations. He has served on the Advisory Committee for Troubled Projects of the U.S. Department of Housing and Urban Development, as well as the Vice Chairman of the National Multi Housing Council. He is on the Advisory Board of the Fisher Center for Real Estate at the University of California, Berkeley, a Research Sponsor for the Samuel Zell and Robert Lurie Real Estate Center at The Wharton School, a member of the Urban Land Institute, Lambda Alpha International, a Board member of the National Multi Housing Council and an Advisory Board member of The Marcus and Millichap Company. Mr. McDowell has a BA from Stanford University and an MBA in Real Estate from the Graduate School of Business at the University of California, Berkeley.

Kenneth Lee is Senior Managing Director - Chief Investment Officer for McDowell Properties. Mr. Lee is responsible for the firm’s overall investment strategy, acquisitions, dispositions, financing activities and capital raising. During his tenure, Mr. Lee has acquired over $2 billion of real estate assets and debt. In addition, Mr. Lee is President of Bay View Advisors, LLC overseeing the company’s investments in mortgage backed securities. Prior to joining McDowell Properties, he was at GMS Realty, LLC, a private real estate investment company focused on retail properties. From 1997 to 2001, Mr. Lee was with Chase Securities and its affiliates where he evaluated high-yield debt investments, completed over $2 billion in merger advisory and debt/equity placement transactions and worked in the finance department of a portfolio company. Mr. Lee has a BA from Boston University and an MBA in Real Estate from the Haas School of Business at the University of California, Berkeley. He is currently a board member of the National Multi Housing Council and a member of the Urban Land Institute and the Samuel Zell and Robert Lurie Real Estate Center.

Charles Koslosky is the Managing Director-Chief Financial Officer for McDowell Properties. In this capacity, Mr. Koslosky is responsible for all financial and investor reporting, corporate finance, banking relationships, cash management, insurance, accounting, auditing, and human resources for the company. Mr. Koslosky also assists in arranging financing for property and portfolio assets. Prior to joining McDowell Properties, Mr. Koslosky was Chief Financial Officer for the Reliant Group, a real estate investment firm focused on bond financed, affordable multifamily housing and adaptive re-use projects. Prior to the Reliant Group, Mr. Koslosky served as Vice President of Corporate Finance and Administration at BRIDGE Housing Corporation, the largest non-profit developer of affordable housing in California. From 1995 to 2000, Mr. Koslosky was Chief Financial Officer for Trowbridge, Kieselhorst & Company, a nationally recognized commercial mortgage banking firm that was acquired by Northmarq Capital in July 2000. Prior to 1995, Mr. Koslosky was Chief Financial Officer for Grubb & Ellis Realty Advisors, and also arranged commercial real estate loans both as a broker and as a representative of a financial institution. Mr. Koslosky began his professional career in the tax department of a large public accounting firm. Mr. Koslosky has a BA, MBA and JD from the University of San Francisco. Mr. Koslosky is a member of the State Bar of California.

Debbie Dillon is the Managing Director, Asset Management for McDowell Properties. Ms. Dillon supervises asset management and construction management services across numerous markets. Ms. Dillon is responsible for overseeing third party fee managers, evaluating investment performance and the implementation of value-add strategies. Ms. Dillon has specialized in multifamily repositioning for nearly 30 years and prior to joining McDowell Properties, she was employed by Fieldstone Properties developing investment and renovation plans for a large multifamily portfolio. She was essential in the effort to develop equity partnerships, acquisition of new investments and was responsible for executive level oversight of financial performance. During her tenure she led the redevelopment strategy of a 2,900 unit, mixed use development, one of the largest multifamily projects on a national level. Ms. Dillon spent 15 years with L&B Realty Advisors, a pension fund advisor, as Director of Asset Management. She was responsible for retaining third party fee managers and the strategic and tactical planning of multifamily assets. She was a member of the Investment Committee and worked closely with the acquisition team. Ms. Dillon oversaw assets at a national level, including projects in Denver, Salt Lake City, Chicago, Tampa, Las Vegas, Washington D.C. and numerous markets in Texas and California. During her capacity as Senior Asset Manager at L&B, Ms. Dillon was engaged in the financial management of over 50 properties with a total value of approximately $1.0 Billion. Ms. Dillon served as a Vice President of Property Operations with First Worthing Company overseeing more than 30,000 units. Ms. Dillon previously held a national marketing and training position with National Housing Partnership and has been involved with multifamily housing since 1986. Her professional affiliations include the National Apartment Association, Institute of Real Estate Management and Commercial Investment Real Estate Institute. Ms. Dillon is also a member of CREW, Commercial Real Estate Women. Ms. Dillon has earned the Certified Apartment Manager, Certified Property Manager and Certified Commercial Investment Member designations.