NMHC Spring Board of Directors Meeting Waldorf Astoria New York, NY April 21-23, 2015 As of April 13, 2015

NMHC Spring Board of Directors Meeting Waldorf Astoria New York, NY April 21-23, 2015 as of April 13, 2015

Jeffrey Adler Jennifer M. Angebranndt Director Vice President, Meetings Daniel Barile Pierce-Eislen, a Yardi Company National Multifamily Housing Council Investment Analyst and Vice President Santa Barbara, CA Washington, DC SkyBridge Capital New York, NY

Christine Akins Susan Ansel Managing Director President and CEO David Barker LaSalle Investment Management, Inc. Gables Residential President Chicago, IL Dallas, TX Barker Apartments Iowa City, IA

Harry Alcock Laura Atallah Senior Vice President, Asset Senior Marketing Specialist Devin Bartley Management Yardi Systems, Inc. Manager, Web and Digital UDR, Inc. Santa Barbara, CA Communications Highlands Ranch, CO National Multifamily Housing Council Washington, DC James M. Bachner Joel L. Altman Executive Vice President, Acquisitions Chairman and Chief Executive Officer Heitman David Bateman The Altman Companies Chicago, IL CEO Boca Raton, FL Property Solutions Lehi, UT Kenneth J. Bacon Rohit Anand Managing Partner Principal RailField Realty Partners Mark Bates KTGY Group Inc. Bethesda, MD CFO Vienna, VA Holland Partner Group Vancouver, WA Laurie A. Baker Tyler Anderson Senior Vice President Vice Chairman Camden Property Trust William C. Bayless, Jr. CBRE Houston, TX President and Chief Executive Officer Phoenix, AZ American Campus Communities Austin, TX Will Balthrope Leslie O. Andren Executive Director Chief Investment Officer Institutional Property Advisors Judy Bellack Atlas Apartment Homes, LLC Dallas, TX Vice President Sales Chicago, IL Grace Hill, Inc. Boca Raton, FL Bruce Barfield CEO Rainmaker LRO Alpharetta, GA

1 Larry Bellack Bryce Blair Stephanie Brown Vice President National Sales Chairman Director, Institutional Sales MDX (Multifamily Data Exchange) Invitation Homes Rainmaker LRO Alpharetta, GA Boston, MA Alpharetta, GA

Matthew M. Berger Gene R. Blevins Richard Burns Vice President, Tax Partner CEO National Multifamily Housing Council Orion Real Estate Services The NHP Foundation Washington, DC Houston, TX New York, NY

Pam Berkosky Katie Bloom James A. Butz Regional Sales Manager Vice President President, Managing Partner Conservice Utility Management & Billing Goldman Sachs Jefferson Apartment Group Atlanta, GA Irving, TX Mc Lean, VA

Laura A. Beuerlein Nickolay Bochilo Michael R. Byrd Executive Vice President SVP, Investments CIO Heritage Title Company of Austin, Inc. Bell Partners Property Solutions Austin, TX Alexandria, VA Lehi, UT

Dom Beveridge William Thomas Booher Brian C. Byrne EVP & General Manager Executive Vice President Executive Vice President MDX (Multifamily Data Exchange) PNC Real Estate Lincoln Property Company Alpharetta, GA San Francisco, CA Oak Brook, IL

John Bezzant David J. Borsos Jeffrey Cagan Chief Investment Officer Vice President, Capital Markets President Aimco National Multifamily Housing Council Cagan Management Group, Inc. Denver, CO Washington, DC Skokie, IL

Douglas M. Bibby Thomas S. Bozzuto Lynn Calkins President Chairman and CEO Partner National Multifamily Housing Council The Bozzuto Group Holland & Knight, LLP Washington, DC Greenbelt, MD Washington, DC

Keith Binkley Sean J. Breslin John M. Cannon Senior Vice President Chief Operating Officer Senior Vice President, Production and Lockton Companies, LLC AvalonBay Communities, Inc. Sales Denver, CO Arlington, VA Freddie Mac New York, NY

G. Lamont Blackstone Lauren A. Brockman Principal Principal Mona Keeter Carlton G. L. Blackstone & Associates LLC Anbrock, LLC Senior Managing Director Mount Vernon, NY Denver, CO HFF Dallas, TX

Lisa E. Blackwell Neil T. Brown Vice President, Housing Policy CEO Daryl J. Carter National Multifamily Housing Council ArchCo Residential Chief Executive Officer Washington, DC Atlanta, GA Avanath Capital Management Irvine, CA

2 Cindy Chetti Lisa Costello Jeff Dannes Senior Vice President, Government Vice President, Political Affairs Vice President Production Manager Affairs National Multifamily Housing Council AmeriSphere Multifamily Finance, LLC National Multifamily Housing Council Washington, DC Bethesda, MD Washington, DC

Julia Cox Donald Davidoff Paula Cino Managing Director Consultant Vice President, Construction, RedHill Realty Investors, LP MDX (Multifamily Data Exchange) Development, and Land Use Policy San Diego, CA Alpharetta, GA National Multifamily Housing Council Washington, DC Rick Craig Deanita Davis CEO Assistant Director, Meetings Cindy Clare CityStreet Residential Partners National Multifamily Housing Council President, Kettler Management Houston, TX Washington, DC Kettler Mc Lean, VA Bradley Cribbins Jerry Davis Chief Operating Officer Vice President of Sales Deb Cloutier Alliance Residential Company Conservice Utility Management & Billing Principal and Co-Founder Phoenix, AZ Prosper, TX JDM Associates Falls Church, VA Alasdair Cripps Sheri C. Davis Senior Managing Director VP Michael Cohen Mesirow Financial Highland Commercial Mortgage, LLC Director of Advisory Services Chicago, IL Birmingham, AL CoStar Boston, MA Daniel Cunningham Jeffrey C. Day Senior Vice President CEO Nathan S. Collier PNC Real Estate Berkeley Point Capital LLC Principal and Chairman Washington, DC Bethesda, MD The Collier Companies Gainesville, FL Lawrence H. Curtis Sean P. Deasy Managing Partner Co-Head, National Multi-housing Benjamin Collins WinnDevelopment Investment Sales Group Vice President Boston, MA HFF Crescent Communities Irvine, CA Charlotte, NC Christopher Cwalina Partner, Co-Chair, Data Privacy & Mark DellaPietra Timothy J. Connelly Security Team Director, Education President Holland & Knight, LLP National Multifamily Housing Council Whiteco Residential LLC Washington, DC Washington, DC Merrillville, IN

Peggy Daly Thomas Demery Terry Considine Executive Vice President Principal Chief Executive Officer/Chairman of the Monogram Residential Trust Capital Solutions Inc. Board Plano, TX Washington, DC Aimco Denver, CO Jeffery Daniels Michael G. Desiato Managing Director Vice President and Group Publisher - James P. Cooke AIG Global Real Estate Investment Real Estate Media Group Partner Corp. ALM - Real Estate Media Ballard Spahr New York, NY New York, NY Washington, DC

3 Robert E. DeWitt Kimberly A. Duty Peter W. Evans Vice Chairman, President & CEO Senior Vice President, Public Affairs and Partner-Midwest GID Industry Initiatives Moran & Company Boston, MA National Multifamily Housing Council Chicago, IL Washington, DC

Bruce Dingman Joe Facchini NAI Global Brigitta Eggleston Portfolio Manager Minneapolis, MN National Marketing Manager Avesta Communities Yardi Systems, Inc. Tampa, FL Santa Barbara, CA Gina M. Dingman President John Falco NAI Global Jay J. Eisner Principal Minneapolis, MN Partner Kingsley Associates LEM Capital, L.P. Atlanta, GA Philadelphia, PA Russell L. Dixon President & CEO Kellie J. Falk RedHill Realty Investors, LP Kenny Emson Managing Director San Diego, CA Senior Vice President, Finance and Drucker & Falk, LLC Administration Raleigh, NC National Multifamily Housing Council Paul Donahue Washington, DC Senior Vice President Tammy Farley Bellwether Enterprise Real Estate President Capital, LLC Mark Enfield Rainmaker LRO Boston, MA Chief Administrative Officer Alpharetta, GA TruAmerica Multifamily Los Angeles, CA Jayson F. Donaldson Betsy Feigin Befus Executive Vice President - Chief General Counsel Operating Officer Gregory L. Engler National Multifamily Housing Council AmeriSphere Multifamily Finance, LLC Founder & CEO Washington, DC Washington, DC Engler Financial Group, LLC Alpharetta, GA Leigh Ferguson Peter F. Donovan Associate Senior Managing Director Daley Ervin PRG Real Estate CBRE Vice President, North America Philadelphia, PA Boston, MA Overseas Student Living, Ltd. New York, NY Michael Keyes Ferris Adam Ducker Chairman & Founder Managing Director Christine Espenshade Valet Waste, LLC RCLCO Senior Vice President Tampa, FL Bethesda, MD Jones Lang LaSalle Americas, Inc. Washington, DC Christopher C. Finlay Jim Dunlop CEO/Managing Principal Managing Director Robert A. Esposito Middleburg Capital Hines Vice President of National & Strategic Fairfax, VA Washington, DC Sales NWP Services Corporation Pembroke Pines, FL Patrick A. Flanigan Lili F. Dunn Senior Vice President, Sales Chief Investment Officer AUM Bell Partners Tom Etheredge Lombard, IL Alexandria, VA Executive Vice President - Real Estate Operations Forestar Group, Inc. Austin, TX

4 John Brenden Flood Julianne B. Goodfellow Richard Haughey Director Manager, Government Affairs Vice President, Industry Technology HFF National Multifamily Housing Council Initiatives Washington, DC Washington, DC National Multifamily Housing Council Washington, DC

La Fayette Flowers Gary Goodman Manager, Membership Senior Vice President, Acquisitions Michael Haviken National Multifamily Housing Council Passco Companies, LLC Executive Vice President, Sales and Washington, DC Irvine, CA Development NWP Services Corporation Costa Mesa, CA L. Keat Foong Michael Edward Gorman Executive Editor President, Indianapolis Division Multi-Housing News Edward Rose & Sons Steven Heller New York, NY Carmel, IN EVP, Eastern Region Production Mgr Acre Capital LLC Princeton, NJ Sam Foster John J. Gray, III Chief Executive Officer President PRG Real Estate Grayco Partners LLC Lee Helt Philadelphia, PA Houston, TX National Sales Manager Conservice Utility Management & Billing Saint Augustine, FL Jan Freitag John Gray Senior Vice President Director of Investments Smith Travel Research Lennar Multifamily Communities, LLC James Henderson Nashville, TN Charlotte, NC Managing Director Cornerstone Real Estate Advisers LLC Hartford, CT Jason A. Friedman Seth Greenberg Senior Vice President Chief Executive Officer Associated Estates Realty Corporation ECI Group, Inc. Eric R. Heninger Richmond Heights, OH Atlanta, GA Director, Asset Management The Collier Companies Gainesville, FL Alan W. George Stephen Gullo Executive Vice President and Chief Director Investment Officer CBRE Global Investors Brian Henry Equity Residential Boston, MA Director of Sales Chicago, IL Apartments.com Chicago, IL Mark Hafner Kevin George Senior Managing Director, Investments President & COO Greystar Real Estate Partners, LLC Jessie Henry InfoTycoon Charleston, SC Managing Director Roswell, GA Mill Creek Residential Trust LLC Rockville, MD Keith A. Harris Justin Gleason Chicago, IL Principal Sean P. Henry Prudential Real Estate Investors Partner - Southeast Madison, NJ Paul Harris Moran & Company Partner - Southwest Atlanta, GA Moran & Company Jeffrey Goldberg Dallas, TX Partner W. Dean Henry Milestone Group CEO New York, NY Robert E. Hart Legacy Partners Residential, Inc. President and CEO Foster City, CA TruAmerica Multifamily Los Angeles, CA

5 Curt Hensel Leo S. Horey Jeffrey Jarecke Industry Development Manager - Chief Administrative Officer Sr. Director, MDU Multifamily AvalonBay Communities, Inc. Charter Communications HD Supply Arlington, VA Stamford, CT San Diego, CA

Randal W. Howard Robert Jeans Margette G. Hepfner Partner, Atlantic States Region Vice President of Asset Management Vice President - Client Services Moran & Company Prudential Real Estate Investors Lincoln Property Company Mc Lean, VA Madison, NJ Dallas, TX

Laurel Howell Robert L. Jenkins Kyle Herren Chief Marketing Officer Director, Membership Sales Producer/Vice President Kettler National Multifamily Housing Council Lockton Companies, LLC Mc Lean, VA Washington, DC Denver, CO

James W. Huckaby, Jr. Patrick Jones Charles A. Hewlett Managing Director Managing Director Managing Director of Strategic Planning Goldman Sachs Engler Financial Group, LLC RCLCO Irving, TX Alpharetta, GA Bethesda, MD

Grace Huebscher Gary T. Kachadurian V. Jay Hiemenz President of Agency Multifamily Finance President President and Chief Operating Officer Capital One Multifamily Finance The Kachadurian Group Alliance Residential Company Bethesda, MD Hinsdale, IL Phoenix, AZ

Donald Huffner David Kapiloff Mike Hinson Managing Director of Asset Chairman/CEO VP of Sales Eastern Region Management Insgroup, Inc. NWP Services Corporation AIG Global Real Estate Investment Houston, TX Costa Mesa, CA Corp. New York, NY Sharon Karaffa Timothy J. Hogan Director, Account Management Chief Financial Officer Mark Humphreys Fannie Mae Trammell Crow Residential Chief Executive Officer Washington, DC Dallas, TX Humphreys & Partners Architects, L.P. Dallas, TX Michael Katz J. Andrew Hogshead Co-Chief Executive Officer CEO William T. Hyman Sterling American Property Inc. The Collier Companies Senior Managing Director Great Neck, NY Gainesville, FL Hunt Mortgage Group New York, NY Jonathan L. Kempner Clyde P. Holland Director Chief Executive Officer David J. Ingram Monogram Residential Trust Holland Partner Group Executive Director Bethesda, MD Vancouver, WA UBS Realty Investors LLC Hartford, CT Jack Kern Dean Holmes Director Chief Operating Officer Jay Jacobson Pierce-Eislen, a Yardi Company Madison Apartment Group President Santa Barbara, CA Philadelphia, PA Stiles Residential Group Ft Lauderdale, FL

6 Alan King William G. Lashbrook, III Joshua Mason Chief Operations Officer Senior Vice President Managing Director Berkshire Group PNC Real Estate Blackstone Real Estate Debt Solutions Alpharetta, GA East Brunswick, NJ New York, NY

Mary Ann King Matthew Lawton Andrea Massey President Executive Managing Director Senior Vice President Moran & Company HFF RealPage, Inc. Irvine, CA Chicago, IL Carrollton, TX

Mike Kingsley Eileen C. Lee Katherine L. Masterson Principal Vice President, Energy and Director of Property Management KTGY Group Inc. Environmental Policy LCOR Incorporated Vienna, VA National Multifamily Housing Council Berwyn, PA Washington, DC

Phyllis F. Klein Will Mathews Vice President, Multifamily Customer Tracy Simonton Legg Vice President Management Vice President, Multifamily Business Colliers International Fannie Mae Development Atlanta, GA Pasadena, CA Hunter Warfield, Inc. Tampa, FL Brian E. McAuliffe James M. Krohn Senior Managing Director Chief Operating Officer Christopher Leonard CBRE Alliance Residential Company Regional Director Chicago, IL Phoenix, AZ Marcus & Millichap New York, NY Dan McCaffery Deirdre A. Kuring CEO Chief Operating Officer Brad Long McCaffery Interests, Inc. WinnCompanies President Chicago, IL Boston, MA Apartments.com Chicago, IL Gregg A. McCort Steven T. Lamberti President, Executive Director President and Chief Operating Officer Kyle Lovelady REAP- The Real Estate Associate Milestone Management Senior Vice President Development Program Dallas, TX The NRP Group New York, NY San Antonio, TX

Wade Lange Shawn McDonald Vice President, Regional Manager Thomas P. MacManus Executive Vice President American Assets Trust President & Principal Jones Lang LaSalle Americas, Inc. Portland, OR Gunn Capital Advisors Bethesda, MD Delray Beach, FL

Jim Lapides Scott McGee Vice President, Strategic Thomas Madden Director, MDU Sales Communications Director of Economic Development Charter Communications National Multifamily Housing Council City of Stamford, CT Chesterfield, MO Washington, DC Stamfod, CT

Jeanne McGlynn Delgado Jerry LaPointe Bonnie Manter Vice President, Business and Risk Vice President, Acquisitions & Ericsson/US Channel Partner Management Policy Dispositions Ericsson National Multifamily Housing Council Western National Properties New York, NY Washington, DC Irvine, CA

7 Jeff McHugh Herbert L. Miller, Jr. Brian Natwick Regional Sales Executive Partner President - Multifamily G5 LEM Capital, L.P. Crescent Communities Bend, OR Philadelphia, PA Charlotte, NC

Trip McLaughlin Tadd Miller Henry M. Nevins Executive Director, Senior Institutional CEO Principal Consultant Milhaus NALS Apartment Homes Morgan Stanley Wealth Management Indianapolis, IN Santa Barbara, CA Washington, DC

Daniel J. Minahan Deborah Newman Michael G. Melaugh President and COO Senior Vice President, Regional Executive Managing Director - Capital Continental Properties Company, Inc. Manager Markets Menomonee Falls, WI KeyBank Real Estate Capital Mill Creek Residential Trust LLC Dallas, TX Dallas, TX Rizwan Mir Director, Business Development, Small Ella Neyland Susan M. Mello Cell Services President Principal Ericsson Steadfast Income REIT Prudential Real Estate Investors Plano, TX Irvine, CA Madison, NJ

Byron L. Moger Patrick Nugent Scott L. Melnick Executive Director Sr. Vice President Managing Director, Capital Markets Cushman & Wakefield Commercial Insurance Solutions Group Jones Lang LaSalle Americas, Inc. Tampa, FL Dallas, TX Bethesda, MD

John O. Moore, Jr. Janette O'Brien Jonathan Mettel President Senior Vice President Vice President - Production Highland Commercial Mortgage, LLC KeyBank Real Estate Capital B2R Finance Birmingham, AL Cleveland, OH Charlotte, NC

Thomas F. Moran Thomas J. O'Brien Kris Mikkelsen Chairman President Managing Director Moran & Company LCOR Incorporated Engler Financial Group, LLC Chicago, IL Berwyn, PA Alpharetta, GA

Diana Mosher Mark H. Obrinsky Daniel Miller Editor-in-Chief Senior Vice President, Research and Co-Founder & President Multi-Housing News Chief Economist Fundrise New York, NY National Multifamily Housing Council Washington, DC Washington, DC

Brian Murdy David Miller Vice President/National Director Jack O'Connor CEO Institutional Property Advisors, a Marcus Chief Operating Officer Silver Bay & Millichap Company Weidner Property Management LLC Plymouth, MN New Haven, CT Kirkland, WA

Erin Miller Tim L. Myers Keith Oden Vice President Managing Partner President Jones Lang LaSalle Americas, Inc. Allied Orion Group Camden Property Trust Philadelphia, PA Houston, TX Houston, TX

8 David J. Olney Randall M. Paulson Paula J. Poskon Managing Director, Head of Multifamily Chief Operating Officer Senior Vice President, Senior Research Property Investments PAS Purchasing Solutions Analyst Berkshire Group Plano, TX D.A. Davidson & Company Boston, MA New York, NY

Paolo Pedrazzoli Jay Olshonsky SVP Jeff Price President CompassRock Real Estate LLC Managing Director NAI Global Malibu, CA Jones Lang LaSalle Americas, Inc. Minneapolis, MN Dallas, TX

Maxwell Peek David Onanian Senior Vice President Hilary Provinse CEO Waterton Associates Senior Vice President, Multifamily PAS Purchasing Solutions Chicago, IL Customer Engagement Houston, TX Fannie Mae Washington, DC Russ Pengelly Anthony Orso Director, Business Development, Zillow Chief Executive Officer Rentals Andrew Rains Cantor Commercial Real Estate (CCRE) Zillow President, Multifamily New York, NY Seattle, WA Rainmaker LRO Alpharetta, GA

Anne Ossewaarde Colleen Pentland Lally Senior Vice President, Asset & Portfolio Director, Capital Markets James K.V. Ratliff Management CBRE Director, Government Affairs Bell Partners Boston, MA National Multifamily Housing Council Atlanta, GA Washington, DC

Edward J. Pettinella Alfred V. Pace President and Chief Executive Officer Adam Ray President & CEO Home Properties, Inc. VP, Direct Sales Pacific Urban Residential Rochester, NY Charter Communications Palo Alto, CA Stamford, CT

Debbie Phillips Eduardo Padilla Instructor, RPM Programs Hailey Ray Chief Executive Officer UGA/Georgia Tech Manager, NMHC PAC NorthMarq Capital, Inc. Stockbridge, GA National Multifamily Housing Council Minneapolis, MN Washington, DC

Gregory R. Pinkalla Tarak Patolia Chief Operating Officer Donald J. Rederscheid Chief Investment Officer Fairfield Residential Company LLC Executive Director Sterling American Property Inc. San Diego, CA J.P. Morgan Asset Management Great Neck, NY New York, NY

Alan Pollack Alan Patton Chairman Lana Reeve President Providence Management Company, Executive Vice President, Chief Legal The Morgan Group, Inc. L.L.C. Officer and Secretary Houston, TX Glenview, IL NWP Services Corporation Costa Mesa, CA

Jeff Patton Marc S. Pollack Managing Director Chairman & Chief Executive Officer Derek Regier Oak Grove Capital Pollack Shores Real Estate Group Vice President, Multifamily Sales Birmingham, AL Atlanta, GA Rainmaker LRO Alpharetta, GA

9 Jon Reible David R. Schwartz Rob Singh Regional Manager CEO, Managing Member President & Chief Investment Officer KeyBank Real Estate Capital Waterton Associates, L.L.C. The ConAm Group Phoenix, AZ Chicago, IL San Diego, CA

Brett Richards John Sebree Stanley W. Sloter Vice President Investments Vice President/ National Director - President Equity Residential National Multi Housing Group Paradigm Development Company Seattle, WA Marcus & Millichap Arlington, VA Chicago, IL

Ricardo Rivas Julie A. Smith Chief Investment Officer Mark Seifert President Allied Orion Group Partner Bozzuto Management Company Houston, TX Brunswick Group Greenbelt, MD Washington, DC

Gary Rodney Kimberly J. Sperry President Ryan Selkis Managing Director New York City Housing Development Director, Investments Amstar Group, LLC Corporation (HDC) Digital Currency Group Denver, CO New York, NY New York, NY

Jennifer Staciokas Stephen M. Ross Michael Semko Senior Vice President, Marketing & Chairman and Founder Deputy General Counsel Training Related Companies NWP Services Corporation Pinnacle New York, NY Costa Mesa, CA Scottsdale, AZ

Melissa Rowan Brad Setser Eric Stampfel Manager, Meetings Vice President of Marketing Managing Director National Multifamily Housing Council Yardi Systems, Inc. Morgan Stanley AIP Hedge Fund Group Washington, DC Santa Barbara, CA New York, NY

Rich Santos Richard N. Shinberg Samuel C. Stephens, III Group Publisher, Wealth Management Senior Broker Chief Investment Officer Group First Capital Realty, Inc. ZOM Companies Penton Media Inc. Bethesda, MD Orlando, FL New York, NY

Steven L. Shores Wilfred J. Steplight, Jr. Richard Schechter President Director National Account Management Chairman, Chief Executive Officer Pollack Shores Real Estate Group Fannie Mae The Bainbridge Companies Atlanta, GA Washington, DC Wellington, FL

Patti Shwayder Scott G. Suttle Michael R. Schell Senior Vice President Government Executive Vice President and National Principal Relations and Communications Production Management Director NALS Apartment Homes Aimco AmeriSphere Multifamily Finance, LLC Scottsdale, AZ Denver, CO Bethesda, MD

James H. Schloemer Dylan Simon William W. Talbot Chairman and CEO Multifamily Investment Sales Chief Investment Officer Continental Properties Company Colliers International American Campus Communities Menomonee Falls, WI Seattle, WA Austin, TX

10 Martin Taylor John Vickerman Jon C. Wood Sr Vice President, Sales & Account CEO and Founder Managing Director Management Vickerman Associates Hines InfoTycoon Williamsburg, VA Winter Park, FL Roswell, GA

Curtis W. Walker Leonard Wood, Jr. Mark N. Tennison Director Senior Managing Director Executive Vice President, Development Wood Partners, LLC Trammell Crow Residential Equity Residential Atlanta, GA Atlanta, GA Chicago, IL

Brian Ward David B. Woodward Faron G. Thompson President, Capital Markets & Investment President International Director Services - Americas CompassRock Real Estate LLC Jones Lang LaSalle Americas, Inc. Colliers International New York, NY Atlanta, GA Seattle, WA

Tricia Yarger Vincent R. Toye Steven Weilbach Director Executive Vice President GSE Head of Senior Managing Director Citi Community Capital Production Cushman & Wakefield New York, NY Wells Fargo Multifamily Capital San Francisco, CA New York, NY Sarah Yaussi Greg West Vice President, Industry Warren L. Troupe Chief Development Officer Communications Senior Executive Vice President ZOM Companies National Multifamily Housing Council UDR, Inc. Fort Lauderdale, FL Washington, DC Highlands Ranch, CO

Nicholas Whitcombe Susan C. Yuk Donald Trump Managing Director Database Administrator Chairman and President Green Bank of NY National Multifamily Housing Council The Trump Organization Washington, DC Washington, DC New York, NY

Kara Wiard Stephen J. Zaleski Jubeen F. Vaghefi Director Managing Director - Multi-Housing Managing Director Capital Markets Eastdil Secured, LLC Group Group San Francisco, CA CBRE Global Investors, LLC Jones Lang LaSalle Americas, Inc. Boston, MA Miami, FL Andrew R. Wiener Managing Director Mark Zettl Kenneth J. Valach MAXX Properties Chief Operating Officer Chief Executive Officer Harrison, NY Waterton Associates, L.L.C. Trammell Crow Residential Chicago, IL Houston, TX John Williams President & Chief Investment Officer Benjamin Zimmer Mark D. Van Kirk Avanath Capital Management President Executive Managing Director Irvine, CA Property Solutions Berkeley Point Capital LLC Lehi, UT Bethesda, MD Steven Wolf Senior Partner Wayne A. Vandenburg Ares Management Chairman New York, NY TVO Groupe LLC Chicago, IL