Robert Baker is the Chairman and CEO of Purchase, New York based National Realty & Development Corporation. Mr. Baker has been an active developer and owner of real estate for the past 40 years and has developed and presently owns approximately 75 shopping centers located in 14 states, as well as a number of office buildings and industrial buildings, comprising approximately 22 million square feet. National Realty & Development Corporation remains one of the largest privately owned development companies in the United States. He is considered an expert in land acquisition, construction, financing and management. Mr. Baker, with partners, recently purchased the Lord and Taylor department store company consisting of 47 stores, Fortunoff consisting of 23 stores and Hudson Bay Company in Canada consisting of 600 stores.

Mr. Baker is a graduate of Yale University and Yale Law School. The Nathan Baker Professorship of Law at Yale University was established by Robert Baker in honor of his father. He has recently funded the Dean's Discretionary Fund at Yale Law School.

Mr. Baker has served as Secretary of the New York State Dormitory Authority. He was the Executive Director of Gerald Ford's election campaign for New York State in 1976. Mr. Baker is a Trustee of the Guggenheim Museum and is a member of the Executive Committee and the Real Estate and Development Committee. Mr. Baker is also a member of the Board of Directors of Johns Hopkins Medicine and is involved in their construction of a 1.5 million square foot clinical building.

Mr. Mack is a Founder and Senior Partner of Apollo Real Estate Advisors and is the President of the corporate general partners of the Apollo Real Estate Funds. With 40 years of experience in the U.S. real estate industry, he is recognized as one of its leading figures. Mr. Mack is also a Senior Partner of the Mack Organization, a national owner of industrial buildings and other income producing real estate investments. Mr. Mack serves as non-executive Chairman of the Board of Directors of Mack-Cali Realty Corporation. He has been a Director of Mack-Cali since the 1997 merger of the Mack Organization's office portfolio into Mack-Cali, one of the largest publicly traded real estate investment trusts in the United States. Mr. Mack is a Director of various boards related to Apollo's investment portfolio. Mr. Mack also serves as a Trustee of the University of Pennsylvania, as an Overseer of the Wharton School of Business, as Vice Chairman of the Board and as an Executive Committee Member of the North Shore Long Island Jewish Health System, and as a President of the Solomon R. Guggenheim Foundation. Mr. Mack attended the University of Pennsylvania's Wharton School of Business and received a B.S. in Business Administration from the New York University School of Business.

Richard A. Baker is President and Chief Executive Officer of NRDC Equity Partners (owner of a variety of retail companies including Lord & Taylor, Fortunoff, and Hudson's Bay Company) and NRDC Real Estate Advisors. Mr. Baker is Vice Chairman of National Realty & Development Corp., a privately owned real estate development company owned by him and Robert C. Baker. National Realty & Development Corp. owns and manages approximately 22 million square feet of shopping centers, office buildings, business parks and residential communities throughout the United States. Richard Baker sits on the board of Hudson's Bay Company, Lord & Taylor, Fortunoff, and Brunswick School. In addition, Richard is the 38th Governor of the Hudson's Bay Company and Chairman of the Board of Lord & Taylor. Mr. Baker is a graduate of Cornell University and serves on the Dean's Advisory Board of the hotel and real estate program.

Lee Neibart has been a Partner of Apollo Real Estate Advisors since 1993. From 1989 to 1993, Mr. Neibart was with the Robert Martin Company, most recently as Executive Vice President and Chief Operating Officer. Robert Martin was a real estate development and management firm with a portfolio of approximately seven million square feet of commercial real estate. Mr. Neibart is a Director on various boards relating to Apollo's investment portfolio. Mr. Neibart also serves on the Advisory Boards of both The Enterprise Foundation and The Real Estate Institute of New York University. He is also a past President of the New York Chapter of the National Association of Industrial and Office Parks. Mr. Neibart graduated with a B.A. from the University of Wisconsin and an M.B.A. from New York University.

Brian Pall joined NRDC Real Estate Advisors in 2004 after 17 years with The Great Atlantic & Pacific Tea Co., Inc., where he most recently served as Senior Vice President and Chief Development Officer, as well as on the Management Executive Committee. He was responsible for all real estate activities of the Company including store development, design, construction, location research, equipment procurement, real estate law, property disposition, and store/shopping center leasing. Brian Pall sits on the board of Fortunoff and Lord & Taylor. Brian graduated from Brooklyn Law School and is licensed to practice law in both New York and New Jersey. He received a B.S. in Business and Economics from the State University of New York at Oswego.

Before joining NRDC, Francis Casale was the Managing Director of Private Equity at S.A.C. Capital Advisors, LLC, a $6.5 billion investment company. He was responsible for research, analysis, negotiation, transaction, execution and stewardship of more than 20 operating company investments. He is a member of the board of directors of Intraprise Solutions Inc. and the Managing Partner of Quotient Partners, LLC. Francis received his M.B.A from the Olin School at Babson College and his B.A. from the College of the Holy Cross.