Tuesday, April 12, 2011 7:30 Am - 5:30 Pm Ronald Reagan Building and International Trade Center 1300 Pennsylvania Avenue, NW, Washington, D.C

Tuesday, April 12, 2011 7:30 am - 5:30 pm Ronald Reagan Building and International Trade Center 1300 Pennsylvania Avenue, NW, Washington, D.C.

2011 Real Estate Trends Conference REAL ESTATE TRENDS CONFERENCE 2011 Visionary Sponsor TABLE OF CONTENTS

Welcome to the Trends Conference ...... 2

Schedule at a Glance ...... 3 Principal Sponsor Program ...... 4

ULI Washington 2011 Trends Committee ...... 8

ULI Washington 2011 Executive Committee…………………………………………………9 Major Event Sponsors Sponsor Recognition and Advertisements…………………………………………………. 11

Speaker Bios ...... 19

Event Registry ...... 31

About ULI Washington ...... 51

Exhibitor Diagram……………………………………………………………………...... 54

Event Sponsors



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REAL ESTATE TRENDS CONFERENCE 2011 REAL ESTATE TRENDS CONFERENCE 2011

April 12, 2011 SCHEDULE AT A GLANCE

Dear Conference Attendees: 7:30 am Registration/Continental Breakfast

Welcome to the 14th Annual Washington Real Estate Trends Conference, ULI Washington’s 8:20 am Welcome/Opening Remarks flagship program and the region's most prestigious real estate conference and networking event.

Thank you for your attendance and participation! Today, you are among 600+ real estate and 8:30 am Panel: Economic and Real Estate Outlook land use professionals convening to gain insights on the emerging trends impacting real estate growth and development in the Washington region. The conference features four panel 9:30 am Keynote: Capital Markets discussions and four keynote speakers providing in depth coverage of a broad range of topics and perspectives. Greg Vorwaller, Head of Global Capital Markets, Cushman & Wakefield

Real estate markets across the country have been significantly impacted by the deep and 10:15 am Panel: Eds and Meds – New Drivers of Economic Development protracted recession that started in late 2007. The Washington, D.C. market, while affected, has remained comparatively strong and continues to rebound, with per square foot prices in some 11:15 am Keynote: Regional Outlook segments at record highs and development projects beginning to move through the approval process with new construction on the horizon. As the conference theme – “ Robert McCartney, Metro Columnist, The Washington Post …..for how long?” – suggests, our region is strong, but is it sustainable? Our region has been fortunate to have a robust federal government headquartered here, an educated workforce, 12 Noon Lunch with Guest Speaker and emerging neighborhoods that are supporting its growth and prosperity. As the region continues to grow, care must be taken to protect quality of life and to solve the myriad of issues The Hon. Vincent C. Gray, Mayor of the District of Columbia arising as a result of that growth. The experts speaking today will help you to understand the realities and trends impacting our industry in order for you to better plan for the future. 1:00 pm Panel: Arrested Development? Factors Facing the Office Market

We hope you will enjoy the program, gain some valuable insights, and join us for the evening 2:00 pm Keynote: Generation “Y”: The Next Housing Wave reception immediately following the last panel. Leanne Lachman, President, Lachman Associates

  2:45 pm Keynote: The Not So Big Community – Quality Over Quantity      President, Combined Properties Regional Director for MetLife’s Real Estate Sarah Susanka, Author Chair, 2011 Washington Real Estate Investments, Washington DC Office Trends Conference Vice-Chair, 2011 Washington Real 3:30 pm Rent or Buy? City or Suburb? Mixed-Use or Not? The Future of Multi- Family Estate Trends Conference 4:30 pm Cocktail Networking Reception

5:30 pm Conference Adjourns

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REAL ESTATE TRENDS CONFERENCE 2011 REAL ESTATE TRENDS CONFERENCE 2011

7:30 am Registration/Continental Breakfast are integrated into their communities, what they see as trends in future development, and the challenges they face as they grow and prosper. Sponsored by: Moderator: Donna Shafer, Executive Vice President, Cityline Partners Panelists: Ken Hunter, Chief Operating Officer, Kaiser Permanente 8:20 am Welcome and Opening Remarks David McDonough, Senior Director of Development, Johns Hopkins University Kathy Roberson, Chair, ULI Washington Trends Committee Alan Merten, President, George Mason University Eric Lawrence, SVP/Regional Mid Atlantic,Capital One Bank Sponsored by: 8:30 am Economic and Real Estate Outlook Panel

This session will set the stage for what we all expect will be a day of excellent 11:15 am Regional Outlook Keynote content and take-home value. Three thoughtful economists will provide their views of the economic and real estate outlook at both the national and regional level. Robert McCartney, Metro Columnist for The Washington Post, will discuss the future of the region and the challenges and opportunities that we will face as this Moderator: Bret Wilkerson, Managing Director, Hawkeye Partners area continues to grow in the next decades. Panelists: Anirban Basu, Chairman and CEO, Sage Policy Group, Inc. Bill Maher, Director of North American Investment Strategy, LaSalle Sponsored by: Investment Management

Sponsored by: 12:00 Noon Lunch with Guest Speaker Hon. Vincent C. Gray, Mayor of the District of Columbia 9:30 am Capital Markets Keynote Sponsored by: Greg Vorwaller, Head of Global Capital Markets, Cushman & Wakefield, will present a global perspective of the Capital Markets, including investment activity both in debt and equity real estate. 1:00 pm Arrested Development? Factors Shaping the Office Market

From the political twists of a Republican-led House demanding GSA lease Sponsored by: oversight, the changing landscape for law firms and associations downtown, and federal budgetary pressures on defense and government contractors, please join 10:15 am Eds and Meds Panel – The Emerging Role of Anchor Institutions in Economic our panelists for their perspective looking out over the next 36 months discussing Development the trends, metrics and indicators of public and private sector office demand.

Throughout the country and especially our region, educational and medical Moderator: Sherry Cushman, Senior Vice President, Cushman & Wakefield institutions play a leading role in economic development, investing billions of dollars Panelists: Joe Brennan, Managing Director, Government Investment Services, to weave themselves into their communities, bringing jobs, housing, retail shops Jones Lang LaSalle and other amenities to the community. Most education and medical institutions are Jim Hedges, Senior Vice President Acquisitions and Dispositions, large, immobile and often growing employers that hold the potential to offer Brookfield Office Properties relatively high-wage, stable jobs. Educational institutions help workers gain needed Tim Helmig, Executive Vice President, Chief Development Officer, skills and draw new students into the area who are likely to remain after completing Monday Properties their degrees. University research can lead to the creation of new businesses in a Doug Koelemay, Vice President, Community Relations, SAIC region that are complementary to the research activities. Learn from several leaders in the eds and meds institutions in the Washington region about how they Sponsored by:

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REAL ESTATE TRENDS CONFERENCE 2011 REAL ESTATE TRENDS CONFERENCE 2011

2:00 pm Generation “Y”: The Next Housing Wave 4:30 pm Cocktail Networking Reception with music provided by the Albert Einstein High Leanne Lachman, President, Lachman Associates, will discuss her recent survey School Jazz Quintet on the habits and preferences of Generation Y, the 18-32 year olds who will be changing the face of the housing and retail markets in the next decade. Sponsored by:

Sponsored by:

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REAL ESTATE TRENDS CONFERENCE 2011 REAL ESTATE TRENDS CONFERENCE 2011

ULI Washington 2011 Real Estate Trends Conference Committee ULI WASHINGTON EXECUTIVE COMMITTEE

CHAIR: Robert M. Pinkard, The Pinkard Group VICE-CHAIR for Kathy Roberson, Combined Properties, Chair Amy Lancaster, Atlas Design Group Mission Advancement: John Slidell, The Bozzuto Group Susan Carras, Cushman & Wakefield Bob Pinkard, The Pinkard Group TREASURER: Mark Sharer, Bank of America Brian Casey, MetLife, Vice Chair Greg Riegle, McGuireWoods EXEC. DIRECTOR: Lisa W. Rother, ULI Washington Laura Cole, RCLCO Lawrence Rondon, Key Bank Doug Cooper, Union Realty Partners Barbara Schafer McDuffie, Baker Tilley ADVISORY COUNCIL Lucy Fraser Combined Properties, Inc. Donna Shafer, CityLine Partners Andrew K. Brown, Stanford Properties, Inc. Ron Gart, Seyfarth Shaw Jayne Shister, Cassidy Turley Robert Buchanan, Buchanan Partners Steve Gichner, Grubb &Ellis Chad Shuskey, Washington DC Economic Laura Cole, RCLCO Bill Hard, LCOR, Inc. Partnership Brian Cullen, Keane Enterprises Stephen Hutto, AvalonBay John Slidell, The Bozzuto Group Barry Rosenthal, Bingham McCutchen Stanley Sloter, Paradigm Development Company Harriet Tregoning, DC Office of Planning Evan Weisman, DRI Development

COMMITTEE CHAIRS and VICE CHAIRS

Programs: Evan Goldman, Federal Realty Membership: Yum Yu Cheng, Linowes and Blocher Marc McCauley, Arlington Economic Development Communications: Leslie Braunstein, LHB Communications Jared Jablonka, Jablonka Development Technical Assistance: Yolanda Cole, Hickok Cole David Kitchens, Cooper Carry Trends Conference: Kathy Roberson, Combined Properties Brian Casey, MetLife Real Estate Investments UrbanPlan: Laura London Susan Ingraham Bell, Arlington County Young Leaders Group: Moiz Doriwala, Stirling Realty Advisors, LLC Craig Ciekot, JBG Properties Regional Land Use Leadership Institute: Doug Wrenn, Rodgers and Associates Susan Ingraham Bell, Arlington County Lifetime Achievement Award: David Forrester, Forrester Construction Company

LIAISONS Smart Growth Alliance: Bob Harris, Holland & Knight Terwilliger Center: J. Michael Pitchford, Community Preservation and Development Corporation

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REAL ESTATE TRENDS CONFERENCE 2011 REAL ESTATE TRENDS CONFERENCE 2011

ULI WASHINGTON EXECUTIVE COMMITTEE MEMBERS

Rita J. Bamberger, The Holladay Corporation Matt Klein, Akridge Conference Logistics Brian Berry, Tishman Speyer Brenda Krieger, Dweck Properties Sam Black, Squire Sanders Jeffrey M. Kruse, BE&K Building Group Meeting breaks are at the pleasure of attendees. Susan Boggs, Turner Construction David Mayhood, The Mayhood Company Please feel free to visit the exhibitors and the simulcast room at any time throughout the day. Jim A. Butz, Jefferson Apartment Group Laurey Millspaugh, Buvermo Properties Barbara Byron, Fairfax County Ellen Miller, Stonebridge Carras A diagram of the exhibit area and the simulcast room location is included in the back of this Guy F. Campbell, II, Manor Investment Company Robert John Murphy, MRP Realty program. John Coe, CGA Mortgage Capital Charles K. Nulsen, II, Washington Property Company

Elizabeth Conahan, Walker & Dunlop Josh Olsen, Monument Realty Douglas A. Cooper, Union Realty Partners, Inc. Jay E. Parker, ParkerRodriguez, Inc. Peter R. Crowley, LandDesign Richard Perlmutter, Argo Development Company Continuing Education Credits Mark Darley, Grosvenor USA Cameron Pratt, Fougler Pratt Joseph R. Davis, Community Planning Solutions Whayne Quin, Holland & Knight The Trends conference has been approved for 7 hours of continuing education credit by the Pamela DuBois, Bolan Smart Associates Greg Riegle, McGuire Woods, LLP AIA. Robert Eisenberg, Heritage Property Company David Roodberg, Horning Brothers Hon. Jay Fisette, Arlington County Board Donna P. Shafer, CityLine Partners The conference is approved for 7 CM credits by the AICP. David Flanagan, Elm Street Development Asheel Shah, Kettler Leonard Forkas, Milestone Jayne Shister, Cassidy Turley Forms to record conference attendance will be available at 3 p.m. Stephen S. Fuller, George Mason University Sandy Silverman, Lessard Architectural Group at the conference registration area. Ronald S. Gart, Esq., Seyfarth Shaw LLP Mark Silverwood, Silverwood Companies

Calvin Gladney, Mosaic Urban Partners Eric Smart, Bolan Smart Associates Edward Gosselin, Intrepid Real Estate Kevin Smith, Centerline Capital Group Neal Gumbin, GEM Realty Capital William M. Walker, Walker & Dunlop Power Point Presentations Patricia Harris, Holland & Knight David Winstead, Ballard Spahr R. William Hard, LCOR Incorporated Roger D. Winston, Ballard Spahr All conference participants will receive an email immediately following Gadi Kaufmann, RCLCO Robert D. Youngentob, EYA the conference with links to selected conference PowerPoint presentations.

Special Thanks

To Leslie Braunstein of LHB Communications for providing the conference theme: …for how long?

and to our Young Leaders Group volunteers.

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They say history Success is a done deal. REAL ESTATE TRENDS CONFERENCE 2011

SPEAKER BIOS repeats itself. $31,500,000 1250 23rd Sreeet NW Anirban Basu We’ve had 40 years to prove that true. Acquisition/bridge finAncing Chairman & Chief Executive Officer wAshington, dc Sage Policy Group, Inc.

From coast-to-coast, Newland’s teams of diversified Anirban Basu is Chairman & CEO of Sage Policy Group, Inc., an economic and policy consulting firm in real estate professionals have had consistent success $20,600,000 Baltimore, Maryland. Mr. Basu is one of the Mid-Atlantic region’s most recognizable economists, in part generating strong returns and top-selling communities Virginia Square Plaza because of his consulting work on behalf of numerous clients, including prominent developers, bankers, year after year. Through many cycles, different markets, ProPerty sAle brokerage houses, energy suppliers and law firms. On behalf of government agencies and non-profit and all with unique challenges. Arlington, vA organizations, Mr. Basu has written several high-profile economic development strategies.

Our Mid-Atlantic acquisition and development teams In recent years, he has focused upon health economics, the economics of education and economic are led by Keith Hurand, Senior Vice President. development. He currently lectures at Johns Hopkins University in micro-, macro-, international and urban economics. Capital Markets debt | equity | investment sAles In 2007, Mr. Basu was selected by the Daily Record newspaper as one of Maryland’s 50 most influential Reach him at: people. The Baltimore Business Journal named him one of the region’s 20 most powerful business leaders in [email protected] northmarq.com or 919.951.0716 Washington DC Office | 301.654.2400 2010. 7700 wisconsin Ave. | suite 1150 | bethesdA, md 20814 Mr. Basu is involved with numerous organizations in a voluntary capacity, including serving as a Baltimore City Public School System board member and as a board member to the Baltimore Children’s Museum and to the Baltimore School for the Arts. Mr. Basu is also on the board of First Mariner Bank. He is also chairman of the newland_uli_ad.indd 1 3/23/11 9:24 AM Baltimore County Economic Advisory Committee and economic advisor to the Baltimore-Washington Corridor David Batchelor, Spectrum of First Street, Chamber of Commerce. 1100 First Street, NE Mr. Basu earned his B.S. in Foreign Service at Georgetown University in 1990. He earned his Master’s in Public Policy from Harvard University’s John F. Kennedy School of Government, and his Master’s in WHAT MAKES Economics from the University of Maryland, College Park. His Juris Doctor was earned at the University of Maryland School of Law in 2003.

A REGION STRONG? Joseph B. Brennan If you answered STRONG LEADERSHIP, ULI Corporate Regional Director Washington thinks you are correct! Jones Lang LaSalle

In September, 2011, the district council will Joseph B. Brennan is a Corporate Regional Director of Jones Lang LaSalle. Mr. Brennan serves as the begin a program to train emerging regional Managing Director of the firm’s national Government Investor Services (GIS) practice, headquartered in leaders in issues of land use and real estate. Washington, DC. The Jones Lang LaSalle GIS practice is the largest of its kind and has successfully completed over four thousand individual transactions for government agencies and private sector owners of Thirty parcipants from the nonprot, for- real estate. Mr. Brennan provides leadership to the GIS team in the areas of strategy and transaction prot and public sectors will be chosen to implementation to investors in the federal sector. The process, politics and strategy associated with federal real We are a proud supporter of parcipate in the ULI Washington estate present complex challenges for investors, and his team is uniquely skilled to successfully advise Jones the Urban Land Institute. Regional Land Use Leadership Instute. Lang LaSalle’s clients in the federal real estate arena.

Congratulations Jim Butz on another successful Watch your email in late spring Trends Conference President and CEO or etaile inormaon aout the program in 2011. Jefferson Apartment Group an how to apply, or visit www.washington.uli.org. Jim Butz is the President and CEO of Jefferson Apartment Group. Mr. Butz manages all acquisitions, development, construction, management and sales activities of all apartment, mixed-use and for-sale 19 18 19

REAL ESTATE TRENDS CONFERENCE 2011 REAL ESTATE TRENDS CONFERENCE 2011 communities. Prior to forming Jefferson Apartment Group, Mr. Butz was the President and Managing Partner a singular governing philosophy—that the District of Columbia works best as "One City." for JPI East, which encompassed real estate operations within the Mid-Atlantic, New England and Southeast His disciplined approach to public service was born from humble beginnings. He grew up in a one-bedroom United States JPI offices. apartment at 6th and L Streets, NE. Although his parents never attended high school, they instilled in their son a solid work ethic and deeply rooted values. Vince attended Logan Elementary, Langley Junior High Mr. Butz has over 25 years' experience in the real estate development industry focusing primarily on for-rent School and graduated at the age of 16 from Dunbar High School, where he excelled in academics and and for-sale multifamily communities. He is a graduate of Southern Methodist University with a BA in Business sports. Administration, Finance and Economics. He is currently on the Executive Committee of the National Multifamily Housing Council and the NAHB Multifamily Leadership Board, a member of ULI and active in a variety of local Despite being scouted by two Major League Baseball teams, Vince chose to continue his education, studying real estate and charitable organizations. Jim is married and has three children. psychology at The George Washington University at both the undergraduate and graduate school levels. While at George Washington, he became the first African-American admitted in the George Washington Sherry Cushman fraternity system, and in his junior and senior years, became the first person to serve consecutive terms as Senior Vice President Chancellor of Tau Epsilon Phi. CB Richard Ellis Vince began his professional career with The Arc of DC (then known as the Association of Retarded Ms. Cushman possesses 24 years of experience in the commercial real estate industry on a local and national Citizens). At The Arc, Vince successfully advocated for innovative policy initiatives on behalf of people with basis. Her career began in commercial architectural design, specializing in the strategic planning and design of developmental disabilities, and spearheaded the closure of the District-run Forest Haven mental institution, law firms. In 1993 she transitioned her career to brokerage exclusively representing tenants. after it was exposed for poor conditions and abuse of patients. Sherry specializes in prime lease transactions, lease restructures/renewals, build-to-suits, and base building renovations for law firms and tenants throughout the country. During her career she has been the lead broker In 1991, then-Mayor Sharon Pratt Kelly appointed Vince to the post of Director of the Department of Human in representing the real estate portfolios for numerous national and regional law firm accounts including Baker Services. As Director, Vince oversaw the functions of a 7,000 person department and directed activities & Hostetler, Day Pitney, McCarter & English, Ross, Dixon & Bell and Marshall Dennehy. related to Public Health, Social Services, Mental Health Services and Health Care Finance. In this role, Vince spearheaded the implementation of several initiatives to address the developmental needs of children. Sherry is also one of the originating members of CB Richard Ellis Law Firm Practice Group and has been a In December 1994, he was named the first Executive Director of Covenant House Washington, an regular speaker at the Association of Legal Administrators National Conferences. She has been featured in international, faith-based organization dedicated to serving homeless and at-risk youth. During his decade at national & local publications, including The Real Estate Forum’s “Counsel for the Counselors” feature as well the helm of Covenant House, Vince helped make the organization one of the most effective of its kind in the as the Association of Legal Administrators Capital Connection. Sherry received the GWCAR Transaction of the District, and led successful campaigns to purchase and renovate a crisis center for homeless youth and a Year Award for her representation of Morgan, Lewis & Bockius in Washington, DC. multi-purpose center and to build a new community service center in the far southeast community of the District of Columbia. Alan W. George Executive Vice President and Chief Investment Officer Vince’s dedication to his community and the residents of Ward 7 inspired a successful campaign for elected Equity Residential office in 2004 where he handily defeated the incumbent in the primary. During his first term as City Councilman from Ward 7, he chaired a Special Committee on the Prevention of Youth Violence, and created Mr. George is the Executive Vice President and Chief Investment Officer of Equity Residential, a position he the Effi Barry HIV/AIDS initiative. Two years after joining the Council, Vince ran for the citywide office of has held since 2001. Mr. George joined Equity in 1992 as Vice President – Asset Management. In 1993 he Chairman of the Council. Running on the theme of “One City,” he continued his focus on uniting the disparate was named Vice President – Acquisitions and 1998 became Executive Vice President – Acquisitions. Mr. racial and economic groups in his hometown. He won the general election with 98 percent of the vote. George holds a B.A. from Beloit College. He is a member of the Executive Committee of the National Multi As Chairman, Vince has been a leader in efforts to improve the Council’s operations, transparency and Housing Council and a member of the Urban Land Institute. oversight capacity, and has been a true champion for school reform. As Chairman, he spearheaded the Pre- K Expansion and Enhancement Act, which established a voluntary, high-quality pre-school program which Honorable Vincent C. Gray will provide 2,000 new classroom slots for three- and four-year-olds over the next six years. Mayor of the District of Columbia Vince has lived in the Hillcrest neighborhood of Ward 7 for over 25 years. His wife, Loretta, an outstanding On January 2, 2011, Vincent C. Gray was sworn-in as the sixth elected Mayor of the District of Columbia. He educator in the DC Public Schools, passed away from cancer in 1998. He has two children, Jonice Gray was overwhelmingly elected on November 2, 2010, garnering nearly 75 percent of the vote. During his Tucker and Vincent Carlos Gray, and two grandchildren. campaign, he pledged to help unite the District by focusing on job creation and economic development, a collaborative approach to school reform, safer streets in all neighborhoods and restoring fiscal responsibility James E. Hedges to city government. Senior Vice President of Acquisitions and Dispositions Brookfield Office Properties A native Washingtonian, Vince Gray has tirelessly advocated for the residents of the District for more than thirty years. His dedication to children and their families has been the hallmark of his service in both city James E. Hedges is the Senior Vice President of Acquisitions and Dispositions at Brookfield Office Properties government and the non-profit sector. His lifetime of public service to the District can be best summed up by where he is responsible for the company’s acquisition and disposition activity in the United States. Brookfield

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REAL ESTATE TRENDS CONFERENCE 2011 REAL ESTATE TRENDS CONFERENCE 2011

Office Properties is a global office property corporation focused on the ownership, management and development of premier assets in the downtown core of high-growth cities. Its current portfolio is comprised of A 29 year Kaiser Permanente veteran, Ken brings a broad range of experience working in clinical operations, interests in 111 properties totaling 77 million square feet in Washington, DC, New York, Boston, Los Angeles, financial, health insurance, and medical group administrative areas. Prior to his current position, Ken served as Houston, Denver, Minneapolis, Toronto, Calgary, Sydney, Melbourne and London making it one of the largest Chief Financial Officer for the Kaiser Health Plans located outside of California (membership of 2 million), Chief owners of commercial real estate globally. Locally, Brookfield Office Properties owns and manages 29 Financial Officer for Kaiser Colorado and Chief Administrative Officer for the Colorado Permanente Medical commercial properties in the Washington, DC metro area, totaling 7.3 million square feet. Group.

Mr. Hedges completed the expansion of Brookfield Office Properties into Washington, DC, with the acquisition With an interest in health policy, Ken is leading KP Mid-Atlantic States implementation of the recently passed of Trizec Properties’ Washington, DC portfolio; 1625 Eye Street, NW, 701 9th Street, NW, 77 K Street, NE, 650 Accountable Care Act (ACA). He recently served on the Commonwealth of Virginia Governor’s task force on Massachusetts Avenue, NW in Washington, DC; Potomac Tower and TSA Buildings in Arlington, Virginia; and health insurance reform. He is actively working with all three Mid-Atlantic state jurisdictions on implementation One Bethesda Center in Bethesda, Maryland. In 2010, Mr. Hedges completed the acquisition of 650 of the ACA, including the new state insurance exchanges. Since 2006, Ken has served as a commissioner of Massachusetts Avenue, NW; recapitalization of 77 K Street, NE; and disposition of 1225 Connecticut Avenue, the State of Maryland Community Health Resources Commission, which focuses on supporting health safety NW and 1250 23rd Street, NW. Previously, Mr. Hedges worked at Citigroup for nine years as Vice President net organizations. Ken taught health economics at the University of Colorado’s School of Public Health. for Citigroup Securities, Inc, and Vice President of Asset Management for Citicorp Real Estate, Inc. Prior to joining Citigroup, Mr. Hedges was a Leasing Associate at RDS Capital in Tysons Corner, Virginia, where he Ken has been actively involved in economic development activities. He is a board member of the Greater was responsible for marketing and leasing the company’s three million square foot office and development Washington Board of Trade and recently ended a term on the Leadership Greater Washington board. He portfolio. served as chairs of Southeastern University, the Aurora Colorado Chamber of Commerce and the Aurora Economic Development Agency. Tim Helmig Executive Vice President and Chief Development Officer Ken holds a Master’s degree in business administration from the University of Colorado at Denver, and a Monday Properties Master’s degree in public policy analysis from the University of Michigan. He also received a Bachelor of Arts degree in economics and political science from The Colorado College. He has completed the Kaiser As Executive Vice President and Chief Development Officer for Monday Properties, Tim Helmig oversees Permanente Executive Program at Stanford University. project development, leasing, and portfolio management for a 3-million-square-foot portfolio in Northern Virginia. With nearly 20 years in commercial real estate, Mr. Helmig has become a recognized market leader in J. Douglas Koelemay leasing and project management. Vice President, Community Relations Science Applications International Corporations Prior to joining Monday Properties, Mr. Helmig spent 10 years as a partner at Westfield Realty, Inc., where he led lease transactions totaling approximately $1 billion. Among numerous notable transactions, he negotiated J. Douglas Koelemay is Vice President, Community Relations at Science Applications International the largest marketplace lease in 2009: the 600,000-square-foot headquarters of the U.S. Coast Guard. In Corporation (SAIC), a FORTUNE 500 scientific, engineering, and technology company, in McLean, Virginia. addition to this $225-million deal, he was responsible for numerous lease transactions with major federal SAIC uses its deep domain knowledge to solve problems of vital importance to the nation and the world in agencies and high-profile companies such as Boeing, Northrop Grumman, Raytheon Company, the U.S. national security, energy and the environment, critical infrastructure and health. Koelemay brings four decades Department of State, and the U.S. Patent and Trademark Office. Mr. Helmig is a graduate of American of communications, public outreach, policy development and political strategy experience to his work. University. Before joining SAIC, Koelemay served as managing director at Qorvis Communications, LLC from 2003 to 2008. Prior to that position, he was Vice President of Public Affairs for the Northern Virginia Technology Kendall D. Hunter Council (NVTC), an industry group of more than 1,200 technology companies and associated firms; a Chief Operating Officer Congressional assistant to Sen. Frank Lautenberg (D-NJ) and Rep. Robert Mollohan (D-WV); a Foreign Kaiser Permanente Service Officer in the U.S. Department of State, the Arms Control & Disarmament Agency, Malawi, Barbados and Switzerland; and a journalist. Ken Hunter is the Chief Operating Officer of Kaiser Permanente Mid-Atlantic States Region, an integrated delivery system providing health insurance and health care to 500,000 members in the Maryland, Washington Virginia Gov. Timothy M. Kaine appointed Koelemay to the Commonwealth Transportation Board in 2006 and D.C. and Northern Virginia markets. He is responsible for leading finance, strategic and capital planning, reappointed him in 2008 for a full four-year term. The Fairfax County Board of Supervisors appointed facility services, technology, and administrative functions. For the past 2 years, he has led a strategic planning Koelemay to the Tysons Corner Transportation and Urban Design Study Coordinating Committee in 2005. effort that has resulted in a far reaching plan to reinvent the KP Mid-Atlantic States. A key part of this strategy Koelemay served as an appointee of Gov. Mark R. Warner on the Virginia Research and Technology Advisory is to develop full-service, technology enabled specialty health care hubs. Under Ken’s leadership, 5 hubs, with Commission from 2002 to 2006. a total capital investment of $700 million, have been approved, funded and are under development. Koelemay coordinated the participation of NVTC companies in the World Congress on Information Technology From 2003 to 2006, he served as executive sponsor for the implementation of KP Health Connect, Kaiser’s in 1998, the Commonwealth of Virginia’s landmark Internet policy and anti-spamming legislation in 1999 and electronic medical record, referral and utilization management, billing, on-line and scheduling system. It is the the passage of the historic UCITA and UETA acts in 2000. He has served on the boards of the Northern most advanced private EMR in the country. Virginia Economic Development Coalition, the Virginia Technology Alliance and the 2001 Global Internet

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Summit at George Mason University. He currently serves on the Executive Advisory Committee of the College of Integrated Science & Technology at James Madison University and as Chairman of The Accelerating Daniel T. McCaffery Innovation Foundation. Koelemay received his bachelor’s degree in history from Centenary College of Founder and Chairman Louisiana with graduate studies at the Institute for International Politics at the University of South Carolina and McCaffery Interests, Inc. at the Foreign Service Institute in Arlington. Founded in the fall of 1990, McCaffery Interests, Inc. has risen to be nationally recognized as a leader in urban Leanne Lachman development and renewal projects. As the founder, Mr. McCaffery has overall responsibility for the executive President management, strategic direction and leadership of the company. Other specific responsibilities include new Lachman Associates business creation and enhancement and expansion of tenant and financial partner relationships. Mr. McCaffery has more than 30 years experience in the real estate industry and has led the development of more Leanne Lachman is President of Lachman Associates, an independent real estate consulting firm serving than $3 billion of mixed-use urban projects. private and institutional investors. She is an Executive-in-Residence at Columbia University’s Graduate Business School, working closely with the Paul Milstein Center for Real Estate, and serves on the boards of In addition to its many projects in the Chicago area, the firm has developed projects in diverse markets Liberty Property Trust and Lincoln National Corporation. including Minneapolis, San Francisco, Myrtle Beach, Washington DC, Clarendon, VA and Moscow, Russia. It’s most demanding challenge at present is the redevelopment of the approximately 500 lakefront acres known After an early career in market analysis with Real Estate Research Corporation, where she served as as the former US Steel lands in the southeast area of Chicago. President and CEO for eight years and initiated the Emerging Trends in Real Estate publication, Ms. Lachman moved into portfolio management for pension funds. She spent 13 years as a Partner with Schroder Real Many of the firm’s projects have won local, national and international acclaim. Among the many award winning Estate Associates, which was sold to Lend Lease Real Estate Investments, where she was Head of Real project are the Hotel Burnham in Chicago, the Cork Factory in Pittsburgh and The Market Common in Virginia. Estate Strategies for four years. Each has been a recipient of an award which is recognized as bearing the highest distinction available in the real estate industry. Receipt of these awards highlights the diverse talents to be found within the company. A In addition to portfolio management of office, industrial, retail, and multifamily properties, Ms. Lachman’s broken office building converted to a hotel; an abandoned factory converted to residential living and a parking research interests range from low- and moderate-income housing policy and the importance of the lot transformed in a retail and residential hub. All completed in a manner that has drawn international acclaim. underground economy to long-term demographic patterns and urban redevelopment. Her annual publication, Global Demographics: Shaping Real Estate’s Future, is co-authored with Deborah L. Brett and is published by Mr. McCaffery is a frequent speaker at meetings and conventions of the Urban Land Institute and the the Urban Land Institute. International Council of Shopping Centers. He is a member of the ICSC International Awards jury. He is also an active member of the ULI serving as a Council Member and on many ULI panels, including panels in Ms. Lachman is widely published and is a frequent speaker. She is a ULI Governor; is listed in Who’s Who in Krakow, Poland and West Palm Beach, FL. He was formerly a member of the ULI Awards Jury. America, Who’s Who in Finance and Industry, and The World Who’s Who of Women; and received the James Graaskamp Award for pragmatic real estate research in 1997 from the Pension Real Estate Association. She Mr. McCaffery serves as a member of the following Boards: the Board of Regents of Loyola University, was awarded her B.A. from the University of Southern California and her M.A. from Claremont Graduate Chicago; the Board of the Knapp School of Entrepreneurship at the Illinois Institute of Technology; the University. University of Alberta Foundation, USA; the Board of After School Matters and the Board of LINK Unlimited.

William J. Maher Dan graduated from the University of Alberta in Canada where he was recently honored as a recipient of the Director of North American Investment Strategy Distinguished Alumni Award and where he was inducted into the school’s Athletic Hall of Fame. LaSalle Investment Management Mr. McCaffery has been married for 41 years to his wife Iris. They have three children, five grandchildren and Mr. Maher is the Director of North American Investment Strategy for LaSalle Investment Management, Inc. reside in Winnetka, IL. Based in Baltimore, Mr. Maher develops real estate investment strategies for pension funds and other institutional clients and provides research and strategic advice to LaSalle’s Baltimore-based Real Estate Robert McCartney Securities group. He serves on LaSalle’s North American Investment Committee, which oversees investments Columnist, Metropolitan Affairs in Canada, Mexico and the U.S. Mr. Maher received a Master’s degree in Urban Planning from Harvard The Washington Post University’s Kennedy School of Government and B.A. in Economics from Williams College. He is active in numerous industry organizations including the Real Estate Roundtable, ULI, ICSC, and RERI and serves on Robert McCartney is a metropolitan affairs columnist for The Washington Post, a position he's held since June the Williams College Real Estate Investment Committee. 2009. Earlier, in nearly 29 years at The Post, he held a variety of jobs including Assistant Managing Editor (AME) for Metropolitan News, Foreign Editor, foreign correspondent in Germany and Mexico, national security editor and Managing Editor of The International Herald Tribune in Paris.

McCartney’s column appears in The Post’s Metro section on Thursdays and Sundays. He writes about issues facing the Washington region such as local politics and government, transportation, education, crime, the

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REAL ESTATE TRENDS CONFERENCE 2011 REAL ESTATE TRENDS CONFERENCE 2011 environment and (sometimes) the Redskins. He also does a weekly radio commentary on local affairs on Fridays at 8:51 a.m. on WAMU (88.5 FM), and has been a frequent guest on local television stations WTTG Alan G. Merten Fox 5 and TBD (formerly News Channel 8). President George Mason University Earlier, from 2005 to 2009, McCartney was the top editor of The Post’s Metro section, overseeing coverage of the region by the newspaper’s largest staff. In that job he supervised coverage of the 2007 Virginia Tech The reputation of George Mason University as a progressive, innovative institution of higher learning has shootings, for which the Post’s Metro staff received the Pulitzer Prize for Breaking News Reporting. continued to gain in strength and scope under the presidency of Alan G. Merten. Since becoming the university’s fifth president in July 1996, George Mason has gained national and international acclaim for a From 2003 to 2005, McCartney was the paper’s first AME for Continuous News, a job in which he supervised number of significant initiatives and achievements ranging from the completion of its first capital campaign and coverage of breaking news by the newspaper for its Web site, washingtonpost.com. Earlier, McCartney was becoming the first university to host the World Congress on Information Technology to dramatically increasing Managing Editor of the International Herald Tribune in Paris in 2001-2002. He left when The Post sold its half its basic and applied research activities. of the paper to the New York Times. Previously, McCartney was The Post's Foreign Editor (1999-2001), Maryland Editor (1997-1999), Deputy National Editor for Defense and National Security (1994-1997), and During Dr. Merten’s tenure as George Mason’s president, the university has become the fastest growing Local Business Editor (1992-1994). university in Virginia, with student enrollment climbing from 24,000 in 1996 to over 30,000 today. The quality of George Mason’s students at all levels has increased dramatically during this time. Coinciding with this growth Before becoming an editor, McCartney was The Post’s Central European bureau chief, based in Bonn, is the emergence of George Mason as a vital center of cultural, academic, and athletic activity for the entire Germany (1986-1989), where he covered the fall of the Berlin Wall. Before that, McCartney was Mexico City Northern Virginia-Washington, D.C. region. As a result of the university’s outreach efforts, an estimated three bureau chief (1983-1986), where he covered civil wars in El Salvador and Nicaragua. He also was The Post’s million people visit one of George Mason’s campuses each year to attend and participate in a range of events New York financial correspondent (1990-1992) and European Economics Correspondent (2003). and activities, including lectures, sports competitions, concerts, recitals, and theatrical productions.

Before joining The Post, McCartney was a staff correspondent in Rome for the Associated Press (1980-1982) George Mason University is also the only institution of higher learning in Virginia where two of its faculty and AP-Dow Jones (1978-1980), and for The Wall Street Journal in Boston (1975-1976). members have won the Nobel Prize. Dr. James Buchanan received the Nobel Prize in Economics in 1986. In 2002, Vernon Smith was awarded the Nobel Prize in Economic Sciences. McCartney was born in Illinois but grew up in Montgomery County, Maryland. He graduated from Bethesda- Chevy Chase High School in 1971 and Amherst College in 1975. He and his wife have a 23-year-old son. Building on its strengths in the information sciences and the performing arts, the university has recently McCartney is a member of Leadership Greater Washington (Class of 2007) and served on LGW’s board of developed innovative teaching and research programs in the humanities, public policy and the biological directors from 2007 to 2009. sciences. George Mason is presently immersed in a far-reaching building program that is unprecedented among academic institutions. David McDonough Senior Director, Development Oversight Prior to coming to George Mason University, Dr. Merten was the dean of the Johnson Graduate School of Johns Hopkins Real Estate Management of Cornell University from 1989 to1996. He was dean of the College of Business Administration at the University of Florida from 1986-1989, where he also served as a professor of information systems. From Since arriving at Johns Hopkins University in 2001, Mr. McDonough has been responsible for a range of real 1970 to 1986, he was at the University of Michigan, first as an assistant professor of industrial and operations estate development initiatives including mixed-use retail, residential, office, and lab projects. He recently engineering. Dr. Merten rose to the rank of associate dean in the Michigan Business School where he was obtained Montgomery County approval for the Great Seneca Science Corridor Master Plan, a 27 million sf responsible for executive education and computing services. transit oriented mixed-use “Science City”. Working with Development Partner JBG, he secured a lease with the GSA and the National Cancer Institute (NCI) for a new 11 acre, 575,000 sf NCI Cancer Research Campus Dr. Merten has held academic appointments in both engineering and business, and academic and business adjacent to the Hopkins Montgomery County Campus, within the Science City. positions in Hungary and France.

Prior to joining JHRE, Mr. McDonough held senior management positions at HUD, FDIC, and RTC, where he He has served on business and government councils and committees, holding several leadership roles. Dr. was responsible for originating and managing more than six billion dollars in real estate debt and equity Merten was chair of the National Research Council’s Committee on Workforce Needs in Information financings in the public and private capital markets. As Vice President for Multifamily Development for the Technology. He serves on the Board of Directors of the Greater Washington Board of Trade, Northern Virginia National Housing Partnership, he structured and closed over $250 million in debt and equity financings while Technology Council, the Inova Health System Board of Trustees, a real estate investment trust, a mutual fund developing 10 new apartment communities primarily in the Chicago, Washington and Florida markets. Mr. trust, and a banking institution. Dr. Merten was a member of the Virginia Governor’s Blue Ribbon Commission McDonough began his career in real estate serving as the Housing Program Manager for the Mayor of Boston, on Higher Education. where he was responsible for the rehabilitation of 45,000 housing units, and reorganized the Boston Housing Authority pursuant to a court ordered Consent Decree. He has been recognized for his contributions to the Northern Virginia technology community, and as a leader of the Greater Washington, D.C. business community. He has also been recognized for promoting Mr. McDonough holds a Master’s Degree in City Planning from Harvard University, and a BS in Economics volunteerism and service to the community, and for his contributions to the use of information technology in the from the Wharton School at the University of Pennsylvania. federal government. In 2006, he was recognized for outstanding community service and dedication to

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REAL ESTATE TRENDS CONFERENCE 2011 REAL ESTATE TRENDS CONFERENCE 2011 improving the quality of life in the region and as one of the most powerful people in the National Capital Region Estate Committee. She is the President for the Board of New Hope Housing, and a member of the Urban Land in 2007. Institute Executive Committee, the Urban Land Institute Partnership Forum, and the Planning and Zoning Committee for the McLean Citizens Association. Ms. Shafer earned her Bachelor of Arts from the University of Dr. Merten has an undergraduate degree in mathematics from the University of Wisconsin, a master’s degree Virginia, and her Juris Doctor from the University of Virginia School of Law. in computer science from Stanford University, and a Ph.D. degree in computer science from Wisconsin. He and his wife, Sally, have two children and four grandsons. Sarah Susanka, FAIA Acclaimed author of The Not So Big House series, Home By Design and The Not So Big Life Grant Montgomery Vice President Sarah Susanka’s “Not So Big” message has become a launch pad for a new dimension of understanding—not Delta Associates just about how we inhabit our homes, but also about how we inhabit our planet and even our day-to-day lives. As a cultural visionary with an incredible ability to understand the underlying structure of the American lifestyle, Since 1997, Grant Montgomery has experience in providing clients with real estate market analysis, strategic Susanka is providing the language and tools that are redefining how we live. planning, site selection, and facilities planning. He has conducted consulting assignments throughout the United States. Mr. Montgomery serves as the apartment practice leader for Delta and is the primary author of Thought leader, inspirational keynote speaker and acclaimed architect, Susanka is the author of nine books the firm’s quarterly Mid-Atlantic Area Apartment Report. Before joining Delta, Mr. Montgomery was a that collectively weave together home and life design, revealing that a “Not So Big” attitude serves not only development officer with Fountain Square Properties, where he managed the development of residential and architectural aims, but life goals as well. Her books have sold well over 1.5 million copies. Susanka’s most commercial properties. Previously, he was a consultant in PricewaterhouseCoopers’ Management Consulting recent book, More Not So Big Solutions for Your Home, was released in February 2010. Division and a real estate analyst at Robert Charles Lesser & Company. Mr. Montgomery holds a B.S. degree from Wake Forest University and a M.S. in Real Estate from The Johns Hopkins University. Through her Not So Big House presentations and book series, Susanka has helped readers understand that the sense of “home” they’re seeking has almost nothing to do with quantity and everything to do with quality. David J. Olney She points out that we feel “at home” in our houses when where we live reflects who we are in our hearts. Senior Partner and Chief Investment Officer Berkshire Realty Holdings In her book and presentations about The Not So Big Life, she uses this same set of notions to explain that we can feel “at home” in our lives only when what we do reflects who we truly are. Susanka unveils a process for Mr. Olney is responsible for the investment strategy and oversight of all Acquisition and Disposition efforts for changing the way we live by fully inhabiting each moment of our lives and by showing up completely in the company. Mr. Olney has 25 years of real estate experience in acquisitions, property sales, asset whatever it is we are doing. management and finance and, since 1990, has been involved in approximately $7.0 billion of acquisitions and dispositions. From 1999 until its liquidation in 2004, Mr. Olney served as President of Berkshire Realty Susanka’s inspiring “Not So Big” keynotes and presentations have been sought out by renowned conferences Holdings, L.P., a joint venture partnership with affiliates of The Blackstone Group and Goldman Sachs. In his such as West Coast Green, the Housing Leadership Summit and PCBC. Major corporations including Johnson current role as CIO for Berkshire, he oversees the company’s investments for their Institutional business, & Johnson, Lowe’s, Target, Best Buy and Herman Miller as well as key government and civic organizations Berkshire Multifamily Value Fund II – a $580 million equity fund. Mr. Olney is an executive board member of such as the U.S. Department of Energy, the National Association of Homebuilders, The American Institute of the National Multifamily Housing Council and is a frequent speaker in the multifamily industry. Mr. Olney Architects and The National Trust for Historic Preservation regularly invite Susanka to address their received a Bachelor of Science with distinction in Finance from Bryant College and a Master of Business conferences. Universities, art museums, leadership conferences, health care groups and wellness centers Administration with honors from Babson College. Mr. Olney lives in Providence, RI with his wife, Denise. seek her “Not So Big Life” lectures and workshops.

Donna P. Shafer Susanka is regularly called upon for her insights as a social commentator and trend-spotter by USA Today, Executive Vice President The Wall Street Journal and The New York Times; magazines such as Newsweek, Better Homes & Gardens, Cityline Partners LLC Reader’s Digest and AARP; and television programming such as “Oprah,” “Good Morning America,” “Charlie Rose,” CNN, HGTV and “This Old House.” Ms. Shafer is Executive Vice President for Cityline Partners LLC, an affiliate of DLJ Real Estate Capital Partners. Cityline was formed to own, manage and develop the former WEST*GROUP portfolio in Tysons Fast Company named Susanka to their debut list of “Fast 50” innovators whose achievements have helped to Corner, Virginia; one of the largest infill re-development opportunities in the country. Ms. Shafer serves as a change society, Newsweek magazine selected her as a “top newsmaker” for 2000, and U.S. News and World strategic business planning advisor for Cityline, and supports DLJ’s expansion of its footprint in the Washington Report dubbed her an “innovator in American culture” in 1998. Susanka was presented with the 2007 Anne DC metropolitan region. She also has review and oversight responsibility for all of Cityline’s day to day asset Morrow Lindbergh Award by the Lindbergh Foundation for outstanding individual achievement in making management operations, financing and capital market transactions, and development initiatives. Prior to positive contributions to our world. joining Cityline, Ms. Shafer was affiliated with WEST*GROUP for several years, first as the CEO of Park*Crest, a wholly owned affiliate of WEST*GROUP, and then as Executive Vice President for WEST*GROUP. Prior to Susanka is a member of the College of Fellows of the American Institute of Architects and a Senior Fellow of her tenure at WEST*GROUP, Ms. Shafer was General Counsel and Vice President of Real Estate for Opus the Design Futures Council. She was born in Kent, England, and travels from Raleigh, North Carolina. Join her East, and a partner with the law firm of Hazel & Thomas, now known as Reed Smith. Ms. Shafer serves on the online community at www.NotSoBig.com. Board and Executive Committee for George Mason University Foundation, and chairs the Foundation’s Real

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Gregory S. Vorwaller LIST OF REGISTRANTS (As of March 29, 2011) Executive Vice President Global Head, Capital Markets Group Paul Aanonsen Keith Anderson Daniel Baker Senior Vice President President Johns Hopkins Carey Business Greg Vorwaller joined Cushman & Wakefield in October of 2010 as Executive Vice President, Global Head of Grandbridge Real Estate Capital Clark Builders Group, LLC School - Edward St. John Real Capital Markets. Mr. Vorwaller is responsible for the global leadership and direction the firm’s Capital Markets Washington, DC Arlington, VA Estate Program group which specializes in the representation of third-party investors in the acquisition, disposition, financing Baltimore, MD and recapitalization of commercial real estate. In 2009, the group completed worldwide sales and financing Georgia Abraham Daniel Anderton transactions valued at more than $31 billion. Based in Chicago, Mr. Vorwaller is also a member of Cushman & Wakefield’s internal Management Committee which reviews and consults on all major business decisions of Director, New Business Dewberry Raeann Baranowski the firm. Development Gaithersburg, MD SimplexGrinnell Telesis Corporation Dulles, VA Bret Wilkerson Washington, DC Michael Antonelli Managing Director Relationship Manager John Barron Hawkeye Partners Cris Abramson Capital One Attorney Cushman & Wakefield Bethesda, MD Duane Morris LLP As a member of the firm's management committee, Mr. Wilkerson has more than 16 years of industry Mclean, VA Washington, DC experience. His areas of expertise include the application of commercial real estate market research in Artin Anvar investment decisions, market cycles, asset allocation, and risk management. Brennan Adams Vice President Anirban Basu Transaction Manager Love Funding Corporation Chairman & Chief Executive Officer Prior to joining Hawkeye, Mr. Wilkerson was with Property & Portfolio Research, Inc. starting in 1995, Jones Lang LaSalle Washington, DC Sage Policy Group, Inc. and served as the CEO from 2004 through 2009. During his tenure, the firm expanded market Washington, DC Baltimore, MD coverage into Europe and Asia, broadened the client base both by sector and geographically, and Joshua Aronson continued to innovate new products. Gary Albrecht Director of Admin. & Business Thomas Baum

Cole, Schotz, Meisel, Forman & Development President A primary focus of his role at PPR was advising clients including pension funds, investment advisors, developers, banks, private investors, REITs, government agencies, and commercial lenders - assisting Leonard, P.A. Community Realty Company, Inc. Bozzuto Homes, Inc. them in the application of research to their real estate decisions. He worked with them to craft Hackensack, NJ Greenbelt, MD Greenbelt, MD investment strategy, develop risk management, target markets for investment, raise capital, and determine asset allocations. Emilio Allen Agnes Artemel Hansel Bauman American University/Kogod School President Director of Campus Design and Mr. Wilkerson has been a regular speaker at industry conferences and events, and he has written for a of Business Artemel & Associates, Inc. Planning variety of real estate publications. He has been an active member of several industry associations, Washington, DC Alexandria, VA Gallaudet University including ULI, where he is a Trustee and currently serves as Secretary on the Executive Committee. Washington, DC Mr. Wilkerson received a Bachelor of Arts in Geography from Dartmouth College. He is a Chartered Mohammned Al-Motawakil Jay Arvai Financial Analyst. American University Senior Vice President Charles Bay Vienna, VA TD Bank, N.A. Mill Creek Residential Trust Vienna, VA Rockville, MD Kim Ambrose Vice President of Marketing Justin Ausherman David Bennett Miller and Smith Ausherman Senior Associate Mc Lean, VA Frederick, MD AECOM Alexandria, VA Rohit Anand Robert Aydukovic KTGY Group, Inc. Maryland Center for Construction Amanda Benton Vienna, VA Education and Innovation, Inc. Project Manager Towson, MD Gould Property Company Washington, DC

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Marc Bergoffen Ryan Boll Toby Bozzuto James Brothers Christian Buerger Sara Capella Attorney University of Maryland, Colvin President Senior Acquistions Manager Partner Senior Director Bregman, Berbert, Schwartz & Institute of Real Estate Bozzuto Development Company SunBrook Partners Pillsbury Winthrop Shaw Pittman, Marriott International Gilday, LLC Development Greenbelt, MD Bethesda, MD LLP Arlington, VA Bethesda, MD Baltimore, MD Washington, DC Diane Branch Robert Brough John Carman Luis Bernardo Damian Bond Associate Vice President of Real Facchina Richard Burns Chairman Principal Curtis Property Management Corp. Estate Development and Asset LaPlata, MD Principal Rodgers Consulting, Inc Design Collective, Inc. Clinton, MD Management Design Collective, Inc. Germantown, MD Baltimore, MD Howard University Kenneth Broussard Baltimore, MD Carlos Bonner Oxon Hill, MD Regional Executive/Senior Vice Shaun Carrick Brian Berry Development Manager President Anita Butani Miles and Stockbridge P.C. Managing Director Skanska USA Commercial Leslie Braunstein Key Bank Real Estate Capital MBA Candidate, Class of 2011 Baltimore, MD Tishman Speyer Development, Inc. President Washington, DC The Wharton School, University of Washington, DC Washington, DC LHB Communications, Inc. Pennsylvania Mark Carroll Reston, VA Christopher Brown Philadelphia, PA Director of Development Jeffrey Blair Gary Bopp President Skanska USA Commercial Vice-President Facchina Joseph Brennan christopher consultants, ltd James Butz Development, Inc. Bowman Consulting Group, Ltd. LaPlata, MD Managing Director Government Fairfax, VA President and Managing Partner Arlington, VA Chantilly, VA Investor Services Jefferson Apartment Group Nat Bottigheimer Jones Lang LaSalle Andrew Brown Mclean, VA Joseph Carter Marc Blumenstein Assistant General Manager Washington, DC Chairman Executive Vice President Vice President Planning and Joint Development Stanford Properties, LC Edward Byrne Wells Fargo Bank Bank of America Merrill Lynch Washington Metropolitian Area Scott Brideau Bethesda, MD Riverside Development LC Washington, DC Rockville, MD Transit Authority Studio Principal Mc Lean, VA Washington, DC Little Diversified Architectural Catrina Brown Brian Casey Eric Blumenthal Consulting Administrative Manager Sean Callahan Regional Director HSBC Bank Carmen Bowser Arlington, VA ULI-the Urban Land Institute Director MetLife Real Estate Investments Washington, DC Senior Vice President Washington, DC Clark Realty Capital, LLC Washington, DC Capital One Justin Brindger Arlington, VA Alyson Bode New York, NY Development Manager Patrick Brown Todd Chase Vice President Skanska Senior Real Estate Analyst Paige Cameron Member Delta Associates Joseph Boyd Arlington, VA Grandbridge Real Estate Capital Jones Cole Schotz Meisel Forman & Alexandria, VA President Washington, DC Washington, DC Leonard, P.A. Building Consultants, Inc. Robert Brooks Baltimore, MD Susan Boggs Ellicott City, MD Director of Development William Brownback Guy Campbell Vice President & Manager of Jefferson Apartment Group Principal Senior Vice President Bradley Chod Business Development Thomas Bozzuto Mclean, VA The Preston Partnership,LLC Capital One Bank Germantown, MD Turner Construction President/Chief Executive Officer Bethesda, MD Bethesda, MD Arlington, VA The Bozzuto Group Kelsey Brothers Steve Christensen Greenbelt, MD Project Manager Kathryn Bucklew Gabriela Canamar Johns Hopkins Carey Business Leonard Bogorad Urbanpace Leasing Associate Principal School - Edward St. John Real Managing Director Washington, DC Edens & Avant LandDesign, Inc. Estate Program RCLCO Washington, DC Alexandria, VA Baltimore, MD Bethesda, MD

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John Cibinic John Collich Peter Crowley Trey Davis Robert Diamond Marc Dubick Partner Senior Vice President- Retail Partner Director, Events Marketing Attorney President Beekman Advisors Development LandDesign, Inc. ULI-the Urban Land Institute Reed Smith LLP Duball, LLC Mclean, VA Saul Centers, Inc. Alexandria, VA Washington, DC Falls Church, VA Reston, VA Bethesda, MD Craig Ciekot Joseph Crugnale Marc DeCandia Rosalyn Doggett Timothy Dugan Associate Martine Combal Johns Hopkins Carey Business Partner Senior Development Director Partner The JBG Companies Manager, Property Acquisition & School - Edward St. John Real Ballard Spahr LLP Washington Metropolitan Area Shulman Rogers Chevy Chase, MD Disposition Division, DHCD Estate Program Bethesda, MD Transit Authority Potomac, MD DC Department of Housing & Baltimore, MD Washington, DC Bryan Circosta Community Development Cathy Delcoco Bernadine Dullaghan Long & Foster Washington, DC Ben Cuddy Senior Vice President Moiz Doriwala Manager Vienna, VA Student CB Richard Ellis Corporate Services Principal ULI Washington Steve Coniglio Washington, DC Group Stirling Realty Advisors, LLC Bethesda, MD Matthew Clark Principal McLean, VA Mc Lean, VA Principal SunBrook Partners Megan Cummings Christopher Earley LandDesign, Inc. Bethesda, MD Washington, DC Frederick Denecke Philip Down Development Finance Manager Alexandria, VA Vice President Commercial Real Development Associate DC Department of Housing and Douglas Cooper James Cupelli Estate Doctors Community Hospital Community Development Jeffrey Clements Principal Vice President Capital One Lanham, MD Washington, DC Preconstruction Union Realty Partners, Inc. TD Bank, N.A. Bethesda, MD BE&K Building Group McLean, VA Vienna, VA Brian Downie Michael Eastwood Vienna, VA Carolyn Desmond Vice President - Development Vice President, Development Martin Crahan Andrew Dal Bo Skanska Commercial Development Saul Centers, Inc. Home Properties Thomas Cluchey Principal / Director of Planning Regional Manager Arlington,, VA Bethesda, MD Vienna, VA Vice President Bowman Consulting Group Wendel TD Bank, N.A. Manassas, VA Alexandria, VA Jack Devine KTGY Group, Inc. Timothy Eden Vienna, VA President Vienna, VA Managing Director Francis Craighill Kristina Datta Artists Circle Starr Capital LLC John Coe Development Analyst Graduate Student, MRED Program North Potomac, MD Bob Drake Chevy Chase, MD Director The JBG Companies University of Maryland Wells Fargo Bank CGA Mortgage Capital, LLC Chevy Chase, MD College Park, MD Simon DeVore Washington, DC Ted Egner Timonium, MD Johns Hopkins Carey Business Silverwood T.L. Omowale Crenshaw Zubin David School - Edward St. John Real Lisa Drazin Reston, VA Walter Coker Managing Principal Corporate Services Estate Program President Associate Geocentric Development Group Cassidy Turley Baltimore, MD Woodmont Asset Management, Robert Eisenberg Cushman & Wakefield of International Baltimore, MD Inc. Principal Washington, D.C., Inc. Washington, DC John DeZinno Bethesda, MD Heritage Property Company LLC. Washington, DC Joseph Davis Senior Vice President Bethesda, MD Brian Crivella President Bank of America Merrill Lynch B. Lee Driskill Laura Cole Cushman & Wakefield Community Planning Solutions, Rockville, MD Vice President/Principal Dawn Eisenberg Vice President Mclean, VA Inc. Hord Coplan Macht, Inc. American University/Kogod School RCLCO Silver Spring, MD Baltimore, MD of Business Bethesda, MD Washington, DC

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Douglas Erdman Tom Finan Lucy Fraser Peter Gartlan Robert Goldman Hon. Vincent Gray President Managing Director Combined Properties, Inc. President President Mayor of the District of Columbia Community Realty Company, Inc. Trammell Crow Company Washington, DC Donohoe Development Company Montgomery Housing Partnership Washington, DC Greenbelt, MD Washington, DC Washington, DC Silver Spring, MD Josh Freeman Mike Green Drew Faha Joshua Firebaugh Wells Fargo Bank Charles Gebbert Debra Goldstein The Bozzuto Group Manager, Capital Markets Vice President - Development McLean, VA Commercial Real Estate Vice President, Capital Markets & Greenbelt, MD Combined Properties New Boston Fund, Inc. BB&T Finance Washington, DC Arlington, VA David Freishtat Washington, DC Combined Properties, Inc. Brian Greenan Attorney Washington, DC Maryland Department of Ali Fardshisheh Tasso Flocos Shulman, Rogers, Gandal, Pordy & Kenneth Gentzel Transportation Georgetown University Master of Cityline Partners LLC Ecker, P.A. Senior Vice President/Managing Brian Gormley Hanover, MD Professional Studies in RE Mclean, VA Potomac, MD Director TD Bank Bethesda, MD NorthMarq Capital Vienna, VA Douglas Greene Henry Fonvielle Spencer Fried Bethesda, MD University of Maryland Liz Farmer Executive Vice President Community Realty Company, Inc. Trista Gormley Bowie, MD Washington Examiner Newspaper The Rappaport Companies Greenbelt, MD Alan George Cityline Partners LLC Washington, DC McLean, VA Chief Investment Officer Mclean, VA Stephen Gresham Joseph Friedman Equity Residential Principal Fred Farshey Scot Foster McShea Chicago, IL Jamie Gorski Niles Bolton Associates, Inc. President Vice President Gaithersburg, MD Senior Vice President, Corporate Alexandria, VA Stanley Martin Commercial Brown Craig Turner Donald Gibson Marketing Bethesda, MD Baltimore, MD Mark Friis Senior Project Manager The Bozzuto Group Brian Grosholz President & Chief Executive Officer Clark Construction Greenbelt, MD Vice President Alan Feltoon Bryant Foulger Rodgers Consulting, Inc. Arlington, VA The Bozzuto Group Vice President & Managing Managing Principal Germantown, MD Edward Gosselin Baltimore, MD Principal Foulger-Pratt Companies Michael Gibson Executive Vice President Leo A. Daly Rockville, MD Leslie Furst Attorney Intrepid Real Estate John Gutowski Washington, DC Senior Vice President of Finance Sheppard Mullin Washington, DC Attorney Clayton Foulger Kettler Washington, DC Ballard Spahr LLP Glenn Figurski Principal Mc Lean, VA Steven Gothelf Washington, DC Of Counsel Foulger-Pratt Companies Michelle Go EVP & CFO Ballard Spahr LLP Rockville, MD Kathryn Garrett University of California, Los Combined Properties Lynn Hackney Washington, DC Marketing Director Angeles (UCLA) Washington, DC President Kate Fox David M. Schwarz Architects Los Angeles, CA Urbanpace Bryson Filbert AVP Washington, DC Tracy Graves Washington, DC Associate BB&T Bank Richard Goff Newland Real Estate Group, LLC Linowes and Blocher, LLP Mclean, VA Ronald Gart Director of Economic Development Mclean, VA Helen Haerle Bethesda, MD Partner City of Falls Church Corporate Vice President/ Asset Nicolas Franzetti Seyfarth Shaw, LLP Falls Church, VA Stephen Gray Management Peter Fillat VP - Assistant Portfolio Manager Washington, DC Vice President Quadrangle Development Principal/Owner ASB Capital Management, LLC Evan Goldman Wells Fargo Real Estate Banking Corporation and Affiliates Peter Fillat Architects, Inc. Arlington, VA Director of Development Group Washington, DC Baltimore, MD Federal Realty Investment Trust McLean, VA Rockville, MD

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Faroll Hamer Michael Hartman Mark Herbkersman John Howell Jared Jablonka Kevjorik Jones Director Principal Vice President & Director of Design Vice President Development Associate MBA Candidate - Class of 2011 City of Alexandria Department of DBI Architects Brown Craig Turner TD Bank, N.A. Jablonka Development The Wharton School Planning and Zoning Washington, DC Baltimore, MD Calverton, MD Washington, DC Knightdale, NC Alexandria, VA Dixon Harvey Jacintha Herzog Sarah Hubbard Adam Jackson Duncan Jones Michela Hancock President Development Manager Development Manager BB&T Associate Relationship Manager MSRE Black Oak Associates, Inc. Clark Real Estate Advisors Skanska Charlotte, NC U.S. Bank Bozzuto Development Company Owings Mills, MD Bethesda, MD Arlington, VA McLean, VA Baltimore, MD Yakovia Jackson Christopher Harvey Dara Hewat Derek Huetinck Assistant Relationship Manager Ken Jonmaire Christopher Hanessian Principal Balck Oak Associates Managing Partner US Bank Commercial Real Estate Land Development/Construction Principal Hord Coplan Macht Owings Mills, MD BeaconCrest Homes Mc Lean, VA Merritt Properties The 360 Group, LLC Baltimore, MD Mclean, VA Ashburn, VA Bethesda, MD Charles Hewlett Robert Jacobs Jim Hedges Managing Director Holly Hull Executive Vice President/Chief Bill Jordan Heidi Hansan Senior Vice President, Acquisitions RCLCO Development Associate Lending Officer Wells Fargo Bank Partner & Dispositions Bethesda, MD The JBG Companies Acacia Federal Saving Bank Washington, DC Miles & Stockbridge P.C. Brookfield Properties Chevy Chase, MD Falls Church, VA Baltimore, MD New York, NY Tuan Hoang Doan Christopher Kabatt American University/Kogod School Kendall Hunter Thomas James Senior Associate R. William Hard Sarah Hedlund of Business Kaiser Permanente Deputy Assistant Regional Wells & Associates, LLC Executive Vice President/Principal Morris & Ritchie Associates Washington, DC Rockville, MD Administrator Mclean, VA LCOR, Inc. Laurel, MD General Services Administration Bethesda, MD Matthew Hopkins Stephen Hutto Washington, DC Fraser Kadera Tim Helmig Planning Commissioner Director - Retail Regional Executive James Harper Monday Properties City of Gaithersburg AvalonBay Communities Sala James Skanska Vice President Arlington, VA Gaithersburg, MD Washington, DC Marketing Manager Alexandria, VA Acacia Federal Saving Bank Urbanpace Falls Church, VA Bradford Heming Edward Hord Susan Ingraham Bell Washington, DC Carina Kalaw Senior Director Hord Coplan Macht Director, CPHD Senior Vice President Artie Harris Tishman Speyer Baltimore, MD Arlington County David Jannarone Capital One Bank Director of Real Estate & Washington, DC Arlington, VA Vice President, Public Private New York, NY Neighborhood Development Kenneth Houle Partnerships Montgomery Housing Partnership Michael Henehan Asset Manager Miguel Iraola Hunt Development Group Shyam Kannan Silver Spring, MD Development Manager TF Cornerstone, Inc. Principal Washington, DC Vice President, Director of Bozzuto Washington, DC Hord Coplan Macht Research and Development Diane Hartley Greenbelt, MD Baltimore, MD Marc Johnson RCLCO Managing Director Randal Howard Development Manager Bethesda, MD Clark Construction Group, LLC Jessie Henry Principal Alex Iszard Skanska USA Commercial Bethesda, MD Director, Investments Moran & Company Senior Vice President, General Development, Inc. Brook Katzen AvalonBay Communities, Inc. Washington, DC Counsel Arlington, VA Development Associate Arlington, VA Combined Properties, Inc. JBG Companies Washington, DC Chevy Chase, MD

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David Kaufman Sami Kirkdil Michael Korns Jared Lang Leonise LeDuc Robert Lipnick Land Acquisitions Manager President Keener-Squire Properties Project Manager, Green Portfolio Manager American University/Kogod School Craftmark Homes SK&I Architectural Design Group Washington, DC Government Initiative Dept. of Housing & Community of Business McLean, VA Bethesda, MD National Association of Counties Development Washington, DC Ana Kostova Washington, DC Fairfax, VA Jeffrey Kayce Donald Kirkpatrick US Bank Kenneth Logwood Development Manager Vice President, Development Mclean, VA John Lange Brian Lee Principal Bozzuto Development Company The Severn Companies Hord Coplan Macht Director Womble Carlyle Sandridge & Rice, Greenbelt, MD Annapolis, MD Jeffrey Kottmeier Baltimore, MD Northwestern Mutual PLLC Cassidy Turley McLean, VA Washington, DC Mike Kearney David Kitchens Washington, DC Thalia Lankin Director of Development Principal Chief of Staff Thomas Lee Eric Lowe Skanska Cooper Carry, Inc. Brian Krause AFL-CIO Housing Investment Trust Harvard University Associate Principal Arlington, VA Alexandria, VA Regional Manager Washington, DC Washington, DC Peter Fillat Architects, Inc. Turner Construction Company Baltimore, MD Matthew Kelly Daniel Klein Herndon, VA Gary Large Soo Lee-Cho Managing Director President Vice President Commercial Attorney Andrew Lucas The JBG Companies Metropolitan Management Jeffrey Kruse Development Miller, Miller & Canby Assistant Vice President Chevy Chase, MD Owings Mills, MD Vice President - Preconstruction Ausherman Development Rockville, MD Well Fargo Real Estate Merchant BE&K Building Group Corporation Banking John Kelly Joel Kline Vienna, VA Frederick, MD Tom Leeson Washington, DC Senior Vice President Attorney University of Maryland - Masters TD Miller Miller & Canby M. Leanne Lachman Eric Lawrence of Real Estate Development Richard Lundregan Cherry Hill, NJ Rockville, MD President Senior Vice President Bethesda, MD Director Lachman Associates, LLC Capital One Silverwood Investments, LLC Christopher Kelly Marge Kling New York, NY Bethesda, MD Mark Lewis Reston, VA Managing Director Controller Principal CapitalSource Crossbeam Capital, LLC Gregory Lamb Richard Layman LSG Landscape Architecture, Inc. Barbara Mackin New York, NY Bethesda, MD Executive Vice President, Revitalization Analyst Vienna, VA Senior Vice President Managing Partner Rebuilding Place SunTrust Bank Paul Kelly Brian Kochan Jefferson Apartment Group Washington, DC Anthony Liberto Vienna, VA Gallaudet University Vice President McLean, VA Cushman and Wakefield Washington, DC Deutsche Bank Matthew Leakan Mclean, VA Christine Madigan Bethesda, MD Charles Lancaster Principal Sr. Vice President of Development Sonia Khanna Gould Property Company Rodgers Consulting, Inc. Michael Limb Enterprise Homes, Inc. Capital Source J. Douglas Koelemay Washington Dc, DC Germantown, MD Financial Analyst Baltimore, MD Chevy Chase, MD SAIC The JBG Companies McLean, VA Eran Landry Erica Leatham Chevy Chase, MD Eric Maggio Mike Kingsley Project Executive/Multifamily Ballard Spahr LLP Vice President, Controller KTGY Group, Inc. Robert Kohler Development Bethesda, MD Ryan Linthicum West*Group Management, LLC Vienna, VA Senior Associate Kettler PE, LEED AP, Senior Associate Mclean, VA Wells & Associates Ashburn, VA Langan Engineering & McLean, VA Environmental Services Arlington, VA

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Joseph Magnotta Michael McCarthy David Meiners Marie Moineau Edward Murn Project Manager Vice President/Director of Margaret McFarland Senior Developer Academic Advisor Director of Development Clark Construction Acquisitions Director, Colvin Institute of Real Manekin, LLC Johns Hopkins Carey Business The Tower Companies Bethesda, MD Quadrangle Development Estate Development Columbia, MD School Rockville, MD Corporation University of Maryland / Real Baltimore, MD William Maher Washington, DC Estate Development Programs Scott Melnick James Byrne Murphy Director of North American College Park, MD Managing Director Grant Montgomery Managing Director Strategy Robert McCartney Jones Lang LaSalle Vice President Kitebrook Partners LaSalle Investment Management The Washington Post Gary McGlynn Bethesda, MD Delta Associates Washington, DC Baltimore, MD Washington, DC Senior Vice President / Managing Alexandria, VA Director Carla Merritt Kareem Nakshbendi Gary Malasky Andrea McClure NorthMarq Capital Associate Broker Nicole Morrill American University/Kogod School Senior Real Estate Advisor Senior Vice President Bethesda, MD Curtis Property Management Corp. Washington, DC of Business Washington Metropolitan Area CWCapital Clinton, MD Glen Echo, MD Transit Authority Baltimore, MD Ann McGuire Thomas Morris Washington, DC Senior Associate Alan Merten Managing Director Julie Natoli Trevor McCroskey ING George Mason University Office of Park Street Investments Chief Operating Officer Ken Malm Sr. Consultant Washington, DC the President Vienna, VA The Brick Companies Craftmark Homes Deloitte Consulting LLP Fairfax, VA Edgewater, MD Mclean, VA Alexandria, VA Peter McLaughlin Anita Morrison Director of Development Matt Merz Principal Ann Natunewicz Thomas Mann Elizabeth McDaniel Howard University Real Estate Principal Partners for Economic Solutions Independent Council Member, Development Associate Faithful & Gould Washington, DC rand* construction corporation Washington, DC Real Estate Federal Realty Investment Trust Alexandria, VA Washington, DC Arlington, VA Rockville, MD Charles McMahon Alison Mosle Bryan McDonnell Vice President, Development Gene Meyer Development Financial Analyst Brian Natwick Lin Mao Principal General Growth Properties Silver Spring, MD Federal Realty Investment Trust Development Manager Johns Hopkins Carey Business Prudential Mortgage Capital Columbia, MD Rockville, MD Crescent Resources, LLC School - Edward St. John Real Mclean, VA Christian Miles Charlotte, NC Estate Program John McShea Cassidy Turley Brad Mowbray Annapolis, MD David McDonough President Washington, DC Silverwood Companies Michael Nicolaus Senior Director McShea & Company, Inc. Reston, VA Senior Vice President Jacqueline Marsh Johns Hopkins Real Estate Gaithersburg, MD Ellen Miller HKS Architects University of Maryland Baltimore, MD Principal Catherine Moy Washington, DC North Bethesda, MD Sedgwick Mead Stonebridge Associates U.S. General Services Barbara McDuffie Vice President Bethesda, MD Administration Donald Nimey David Mayhood Director EBR Properties Vienna, VA Principal, Real Estate Consulting President Baker Tilly Saint Louis, MO M. Laurence Millspaugh Reznick Group, PC The Mayhood Company Vienna, VA President Katharine Mueller McLean, VA McLean, VA Noah Mehrkam Buvermo Investments, Inc. Attorney Bethany McEvoy Partner Bethesda, MD Sheppard Mullin Brady Nolan Daniel McCaffery Johns Hopkins Carey Business The Arcland Group, LLC Washington, DC Land Acquisitions Manager President School - Edward St. John Real Washington, DC Robert Mitchell The Bozzuto Group McCaffery Interests, Inc. Estate Program Facchina Greenbelt, MD Chicago, IL Towson, MD LaPlata, MD

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William Norton Michael Paukstitus Toya Powell Gary Rappaport Kevin Rivest William Roohan Regional Director Senior Vice President, Real Estate JAIR LYNCH Development Partners President Assistant Vice President - Vice Chairman Northwestern Investment Washington Real Estate Washington, DC The Rappaport Companies Acquisitions CB Richard Ellis, Inc. Management Co. Investment Trust Mclean, VA Bentall Kennedy Baltimore, MD McLean, VA Rockville, MD Corey Powell Bethesda, MD Development Manager Scott Reblitz Barry Rosenthal Charles Nulsen Alexander Paul Enterprise Homes, Inc ULI Washington Katherine Roberson Partner President National Research Director Baltimore, MD Bethesda, MD President Bingham McCutchen, LLP Washington Property Company Delta Associates Combined Properties, Inc. Washington, DC Bethesda, MD Alexandria, VA Jennifer Powers Steven Reed Washington, DC Assistant Vice President, Johns Hopkins Carey Business Jennifer Roth David Olney Karen Pecoraro Acquisitions School - Edward St. John Real Eugene Roberts Client Relations Chief Investment Officer/Partner Senior Consultant/Business New Boston Fund, Inc. Estate Program President BKV Group Berkshire Realty Holdings Development Manager Arlington, VA Bethesda, MD Clarendon Station, Clarendon, Washington, DC Boston, MA ATC Associates, Inc. Virginia Ellicott City, MD B. Cameron Pratt Beth Resetco Upper Marlboro, MD Pamela Rothenberg Joshua Olsen President Director Member Senior Vice President Bob Penn Foulger-Pratt Companies WDG Architecture, PLLC Monica Robertson Womble Carlyle Sandridge Monument Realty Managing Director Rockville, MD Washington, DC Senior Associate Washington, DC Washington, DC US Army Corps of Engineers Hord Coplan Macht, Inc. Baltimore, MD Elizabeth Price Todd Rich Baltimore, MD Lisa Rother Liam O'Meara President Managing Director Executive Director Project Manager Philip Perrine NoMa Bid Tishman Speyer Stephan Rodiger ULI Washington Reliable Contracting Company Principal Washington, DC Washington, DC Director of Multifamily Bethesda, MD Millersville, MD Perrine Planning & Zoning Development Rockville, MD Jonathan Price William Rich Kettler Daniel Rountree Troy Palma Real Estate Specialist Vice President McLean, VA Associate Regional Economist Nancy Petrash Kaiser Permanente Delta Associates Johnson Development Associates Arlington Economic Development Vice President Arlington, VA Alexandria, VA Susan Rogers Gatesville, NC Arlington, VA Wells Fargo Bank Senior Vice President Washington, DC Stuart Prince Ivy Richards Bank of America Steve Rubin David Parker Vice President, Residential Director, Market Research and McLean, VA Business Development Manager Executive Vice President, Amy Phillips The Peterson Companies Real Estate Harkins Builders, Inc. Managing Director, Eastern Monument Realty Fairfax, VA Fairfax County Economic Lawrence Rondon Marriottsville, MD Division Washington, DC Development Authority Vice President PM Realty Group Jorgen Punda Vienna, VA Key Bank Real Estate Capital Stephen Rudow Washington, DC Robert Pinkard Regional Vice President Washington, DC Senior Vice President The Pinkard Group Gables Residential Gregory Riegle AGM Financial Services, Inc Vanessa Parrish Bethesda, MD McLean, VA Attorney At Law David Roodberg Baltimore, MD Senior Marketing Associate McGuire, Woods, LLP CEO & President Landon Butler & Company, LP Philip Porter Jonathan Rak McLean, VA Horning Brothers Laura Rydland Washington, DC Vice President Attorney Washington, DC Washington, DC Enterprise McGuireWoods, LLP Baltimore, MD Mclean, VA

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Robert Rynarzewski Creighton Schneck Tim Sheckler Wright Sigmund Albert Small Michael Snyder US Bank Principal Project Manager Next Realty Mid-Atlantic Southern Engineering Corporation Senior Vice President Mc Lean, VA Capital Hospitality Group General Services Administration McLean, VA Bethesda, MD Dewberry Herndon, VA Washington, DC Lanham, MD Noor Salman Nicholas Signor Albert Small, Jr. College Park, MD Richard Schneider Jayne Shister Cushman & Wakefield President, Mid Atlantic Region Carolyn Spaw Principal Managing Director Mclean, VA Renaissance Centro LLC Marketing Manager: Membership, Marshall Scallan SC&H Group, LLC Cassidy Turley Bethesda, MD Books, and Awards Investment Officer McLean, VA Washington, DC Sandy Silverman ULI-the Urban Land Institute Capital Source Finance, LLC Principal William Smith Washington, DC Chevy Chase, MD Tim Schwartz Sven Shockey Lessard Design, Inc. Senior Vice President Partner Principal Reston, VA The Peterson Companies Natasha Stancill-Richman Scott Scarfone Bregman, Berbert, Schwartz & SmithGroup Fairfax, VA Director of Marketing Principal Gilday, LLC Washington, DC Mark Silverwood Monument Realty, LLC Oasis Design Group Bethesda, MD President Timothy Smith Washington, DC Baltimore, MD Jason Shoman Silverwood Companies Senior Vice President Ann Scully Johns Hopkins Carey Business Reston, VA LCOR, Inc. Jamie Steinberg Neil Schechter Executive Vice President School - Edward St. John Real Bethesda, MD American University/Kogod School Counsel The Mayhood Company Estate Program Paula Simon of Business Gordon Feinblatt McLean, VA Baltimore, MD Capital One Bank Michael Smith Washington, DC Baltimore, MD Bethesda, MD Vice President Sharon Segner Patrick Shooltz LCOR, Inc. Gina Stewart Christopher Schein Washington, DC SVP, Mid-Atlantic Regional Stephen Skinner Bethesda, MD Merritt Construction Services Principal Director DPR Construction Baltimore, MD Hord Coplan Macht Joseph Serruya New Boston Fund, Inc. Falls Church, VA Stephen Smith Baltimore, MD Director Arlington, VA Principal Robert Stoddard Perkowitz+Ruth Architects Michael Sleece Cooper Carry, Inc. Principal Robert Scheller Reston, VA Chad Shuskey Senior Vice President Alexandria, VA RJS Realty Services, LLC Senior Project Manager Director of Research and Capital One Bank Rockville, MD Post Properties, Inc. Donna Shafer Information Bethesda, MD Jeffrey Smith Alexandria, VA Cityline Partners LLC Washington DC Economic Project Manager Lorena Stranigan Mclean, VA Partnership John Slidell William C. Smith & Company, Inc. Manager Charles Schilke Washington, DC Executive Vice President Washington, DC Kaiser Permanente Associate Dean, Real Estate Les Shaver The Bozzuto Group Rockville, MD Georgetown University Senior Editor Lew Sichelman Greenbelt, MD Jonathan Smith Washington, DC Multifamily Executive Apartment Syndicated Columnist Development Manager Steven Strazzella Finance Today The Housing Scene Michael Sloan Skanska Senior Vice President Mike Schlegel Washington, DC Chesapeake Beach, MD BE&K Building Group Arlington, VA Bozzuto Development Company President Vienna, VA Greenbelt, MD Bozzuto Construction Company Olivia Shay-Byrne Daniel Siesser Patrick Smith Greenbelt, MD Partner Loan Originator Stanley Sloter University of Maryland / Real Jason Stuart Reed Smith, LLP Deutsche Bank President Estate Development Programs Director, Community Outreach Washington, DC Bethesda, MD Paradigm Development Company College Park, MD ULI Washington Arlington, VA Bethesda, MD

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Joseph Sturiale Aaron Teeter Keith Turner Amanda Vralsted Brian Weiss Brian Willey Vice President - Real Estate Group Floura Teeter Landscape Cityline Partners LLC Graduate Student Associate Director Wells Fargo Bank Architects, Inc. McLean, VA University of Maryland Jones Lang LaSalle Lane Company Washington, DC Baltimore, MD College Park, MD Washington, DC Atlanta, GA Andrew Tush Sadhvi Subramanian Andrew Teeters Assistant Vice President William Wainger Martin Wells Kriszen Williams Group Vice President Development Director Wells Fargo Bank/REBBG Senior Vice President President Senior Analyst Capital One The Shelter Group Mc Lean, VA The Artery Group, LLC Wells & Associates Jones Lang LaSalle Bethesda, MD Baltimore, MD Bethesda, MD McLean, VA Washington, DC Pamela Tyrrell Jeanne Sundstrom Cardie Templeton Vice President of Multifamily Robin Wallace Faraji Whalen Michele Williams Business Development President Development Project Development Manager Principal Sheppard Mullin FOX Architects W&P Nautical Kettler James G Davis Construction Domus Property Group Washington, DC McLean, VA Annapolis, MD McLean, VA Corporation Washington, DC Rockville, MD Kassinda Williams John Sunter Richard Thomas Gary Unterberg Amber Wheeler Manager, Business Development Development Executive Vice President Vice President Emily Weberman University of Maryland / Real Holder Construction Company Clark Realty Capital Acacia Federal Saving Bank Rodgers Consulting, Inc. Associate Estate Development Programs Herndon, VA Arlington, VA Falls Church, VA Germantown, MD ULI Washington College Park, MD Bethesda, MD Allan Winn Sarah Susanka John Thompson Dave Vannoy Gregory White Managing Partner, DC Susanka Studios Vice President Regional Director - CFO Jamison Weinbaum Vice President, Development Ballard Spahr LLP Raleigh, NC Acquisitions Ausherman DC Government Office of Zoning Equity Residential Washington, DC New Boston Fund, Inc. Frederick, MD Washington, DC Vienna, VA Michael Swartz Arlington, VA David Winstead Principal James Vecchiarelli Fred Weiner Charles Whitley Attorney-At-Law David M. Schwarz Architects Sheri Thompson Chief Financial Officer Executive Director, Program Vice President Ballard Spahr LLP Washington, DC Red Mortgage Capital, LLC The Peterson Companies Development Paradigm Development Washington, DC Reston, VA Fairfax, VA Gallaudet Arlington, VA Samuel Swiller Washington, DC Roger Winston Associate Director of Real Estate Keri Tiner G. Trevor Vietor Robert Wiberg Managing Partner, Bethesda Development Cushman Trammell Crow Co. Gregory Weingast Senior Managing Director Ballard Spahr LLP Gallaudet University Mclean, VA Washington, DC Executive Vice President Brandywine Realty Trust Bethesda, MD White Plains, NY Archstone Falls Church, VA Doris Topel-Gantos Enrique Villa Arlington, VA W. Kenneth Wiseman Richard Taylor Sr. Vice President Johns Hopkins University - Carey Nicole Wickliffe Design Principal Managing Director-Healthcare The Bozzuto Group School of Business Sheldon Weisel Fairfax County Department of Cannon Design Solutions Greenbelt, MD AECOM Director Housing and Community Arlington, VA Jones Lang LaSalle Baltimore, MD Goulston & Storrs,P.C. Fairfax, VA Baltimore, MD Robert Trent Washington, DC Leonard Wood DC Department of Housing and Gregory Vorwaller Bret Wilkerson Director G. Neel Teague Community Development Cushman & Wakefield of Illinois, Evan Weisman Managing Director Wood Partners Vice President Washington, DC Inc Development Manager Hawkeye Partners LP Vienna, VA Stout & Teague Company Chicago, IL DRI Austin, TX Mclean, VA Arlington, VA

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Michael Workosky Mitchell Yentis Constance Zimmer Principal Associate Vice President Johns Hopkins Carey Business ABOUT ULI WASHINGTON-a district council of the Urban Land Institute Wells & Associates, L.L.C. Duball, LLC School - Edward St. John Real McLean, VA Rockville, MD Estate Program ULI is a nonprofit education and research institute supported by over 28,000 members Baltimore, MD worldwide. As the preeminent, multidisciplinary real estate forum, ULI facilitates the open Douglas Wrenn Pamela Zandy exchange of ideas, information, and experience among local, national, and international Principal Marketing Manager Scott Zimmerly industry leaders and policy makers dedicated to creating better communities. ULI District Rodgers Consulting, Inc. Monument Realty Director Councils such as ULI Washington are dedicated to bringing ULI’s resources and educational Germantown, MD Washington, DC Wood Partners programs to their communities. Members who live in the Washington Region are Vienna, VA automatically members of the Washington District Council, with a plethora of programs, Kelly Wrenn Richard Zeidman events, and activities available to them. Partner Managing Partner Amy Fitch Zimmerman Ballard Spahr LLP Linowes and Blocher, LLP Principal ULI Washington is composed of over 1,700 dedicated and engaged individuals who Washington, DC Bethesda, MD Atlas District Design LLC collectively make this organization a dynamic and thought-provoking forum for the Washington, DC exchange of ideas and the promulgation of solutions. The District Council is committed to Stanley Wrobel David Zeitlin fulfilling the ULI mission at the local level by creating and assuming leadership on regional Attorney Director William Zink and local land use issues. ULI Washington is; providing Technical Assistance Panels to Womble Carlyle Sandridge & Rice, The Care of Trees President local jurisdictions; educating future decision makers through the UrbanPlan curriculum; and PLLC Crofton, MD christopher consultants, ltd. supporting emerging land use professionals through the Young Leaders Group. Washington, DC Fairfax, VA Simon Ziff Ackman-Ziff Real Estate Group Educational/Networking Programs: New York, NY  Program Meetings on Topical Issues

 Members Only Case Studies Highlighting Best Practices

 Lifetime Achievement Award Dinner Honoring the Region’s Greatest Contributors in Land Use  Young Leaders Speaker Series and Case Studies  Washington Real Estate Trends Conference

 Regional Land Use Leadership Institute

Outreach Programs:

 Technical Assistance Panels (TAPs) for Local Jurisdictions  UrbanPlan Curriculum  Young Leaders Mentorship Program

Products and Services  Electronic Newsletter  Website

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ULI CODE OF ETHICS You are invited to 1. RESPECT FOR THE LAND Join ULI Today I know that each parcel of land is a precious, distinct, and irreplaceable portion of this distinct and irreplaceable planet. I will treat it with the respect that it deserves, recognizing that I will be judged by the integrity and Membership Benefits Include: permanence of my developments, which will survive my lifetime.

2. RESPECT FOR THE PROFESSION Access to People ULI–the Urban Land Institute has pioneered many of the practices and techniques that have become the • Today’s Industry Leaders – Over 1,700 local members standards in the land use and development profession. I will support the profession's continuing efforts to create • Tomorrow’s Industry Leaders – over 500 Washington Young Leaders a wider understanding of sound land use and development principles and practices and to disseminate • knowledge thereof through its research and educational programs. I will observe the highest standards of Diverse Washington membership representing all real estate disciplines professional conduct and will seek continually to maintain and improve my professional skills and competence. • ULI Washington Membership Directory • ULI Washington District Council activities 3. RESPECT FOR THE CONSUMER Recognizing that a good reputation is a possession and beyond price and that the quality of my product will determine the quality of my reputation, I will strive at all times to ensure the professional quality of my enterprise. Access to Resources 4. RESPECT FOR THE PUBLIC • ULI publications, including Urban Land Magazine I will endeavor at all times to enhance public understanding of the development process, to preserve the public's • ULI events, including annual Washington Real Estate Trends Conference, Urban Marketplace confidence and trust in my profession, and to protect the public welfare. Conference and Exposition, and the Lifetime Achievement Awards Dinner • ULI Washington Breakfast Meeting Series 5. RESPECT FOR EQUALITY OF OPPORTUNITY • ULI Washington Technical Assistance Panels I will support the private enterprise system that can provide the widest latitude of equality for opportunity, creativity, and innovation. • Members Only Case Studies

6. RESPECT FOR OTHERS IN THE LAND USE AND DEVELOPMENT PROFESSION I will treat others in my profession fairly and honestly. I will share with them my knowledge and experience, Access to Opportunities recognizing that both the people and the land will benefit from the dissemination of that knowledge. • ULI courses and workshops • ULI Washington Mentorship Program 7. RESPECT FOR THE LARGER ENVIRONMENT • In attempting to provide adequate staging for decent environments in which people will live, work, and play, I will ULI Washington District Council committees be ever vigilant toward preserving the quality of the larger environment-the air, the water, and the land.

8. RESPECT FOR THE FUTURE ACCESS ULI – BECOME A MEMBER Recognizing that change is inevitable, I will pursue excellence with an open mind, challenged by the need to provide housing and facilities for employment, distribution, relaxation, and enjoyment. • Today, at the conference registration table in the foyer area • 9. RESPECT FOR FUTURE GENERATIONS Online, at www.uli.org Recognizing that younger generations will be more affected by what we do than by what we say, I will do my • By e-mail, at [email protected] utmost to set a good example and will participate wholeheartedly in the development community's efforts to • By phone, at 1-800-321-5011 inform and encourage future generations of land use and development professionals. • Use referral number 265263 when registering 10. RESPECT FOR PERSONAL INTEGRITY I will employ the highest ethical principles and will observe the highest standards of integrity, proficiency, and honesty in my professional and personal dealings. I will remain free of compromising influences or loyalties and *** Join TODAY and receive a 40% discount on ULI books! *** will exercise due diligence in ensuring that my performance is at all times creatively, competently, and responsibly managed.

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54 54 54 55 Silver Sponsors 2010/2011 Sponsorship (As of February 9, 2011) Platinum Sponsor

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Bronze Sponsors Bond Beebe Accountants & Advisors • Buvermo Investments • christopher consultants CIM Group • Combined Properties Inc. • Commonwealth Land Title Insurance Company Cooper Carry, Inc. • ECS Mid-Atlantic, LLC • First Potomac Realty Trust Gables Residential • Grubb & Ellis • Harkins Builders Inc. • Heritage Property Company Horning Brothers • Intrepid Real Estate • Langan Engineering • Lerch, Early & Brewer Lessard Design • Marriott International • McGuireWoods • Merritt Properties MV+A Architects • Newmark Knight Frank • ParkerRodriquez • RD Jones & Associates, Inc. Rodgers Consulting • Seyfarth Shaw LLP • STUDIOS Architecture Timothy Haahs & Associates • Tower Companies • Trammell Crow Company Union Realty Partners Inc. • Victor Stanley, Inc.

Contributing Sponsors: Colvin Institute of Real estate Development at the University of Maryland Hord Coplan Macht, Inc. • Southern Engineering Corporation 56 SUNSET TIME (West Hollywood, CA) TODAY: CaliforniaCool TOMORROW: DCStyle

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