Tenure with Crosland: Since May 2004

Professional Experience

Adam currently oversees the operations of the entire organization. Adam provides oversight for all finance and accounting functions ensuring the timely, complete, and accurate reporting of financial information to stakeholders. He also is focused on capital market transactions to sell selected Crosland assets on an opportunistic basis, raise capital for new ventures and recapitalize existing ventures.

Adam began his tenure at Crosland as the Vice President of Operations in the Residential Division. In this role he directed Crosland's 120 person property operations team which managed more than 30 properties and 5,000+ units. Adam also was responsible for the division's existing project financing, fee managed portfolio, and acquisition/disposition strategy and execution. During his time in operations he oversaw transactions totaling more than $120 million. In addition, Ford worked in residential multi-family development.

Prior to joining Crosland, Adam worked with management consulting firm Bain & Company in Atlanta, where he provided strategic counsel to clients in a variety of industries. He also worked for six years as an executive in customer business development for Procter & Gamble.

Affiliations and Accreditations:

• Greater Charlotte Apartment Association, Past President of the Board of Directors
• Right Moves for Youth, Board Member

Education:

• M.B.A., Harvard Business School
• B.S. with honors, Business Administration, University of North Carolina at Chapel Hill

Tenure with Crosland: Since June 2002

Professional Experience

Katie's responsibilities at Crosland include management of all federal, state and local tax consulting and compliance. Prior to joining Crosland, Katie was employed by ProLogis as Vice President where she headed the tax department for the $7 billion market cap Real Estate Investment Trust with global operations. She was also responsible for ProLogis' tax activities while employed by Security Capital Group, which initially owned 100% of ProLogis. Before joining Security Capital, Katie was a staff tax accountant for Coopers & Lybrand.

Affiliations and Accreditations:

• CPA-North Carolina

Education:

• Master of Professional Accountancy, University of Texas at Austin
• Bachelor of Business Administration, University of Texas at Austin

Tenure with Crosland: Since December 2000

Professional Experience

As vice president of finance for Crosland, Stephanie Repak is responsible for analyzing the financial results and statistics of Crosland's various divisions and presenting this information in a meaningful format for executive management and decision-making. In this role, she develops and implements various financial models used in tracking historical results, analyzing current results, and budgeting/forecasting future results over both short and long term time horizons. In addition to this role, she works in conjunction with the CFO on a variety of transactions and initiatives such as real estate financings, the annual company valuation, presentations, ad hoc analyses, and the review of contractual agreements. Previously, she managed the internal budgeting, forecasting, and financial reporting functions for ProLogis Trust, a $7 billion publicly traded real estate investment trust.

Affiliations and Accreditations:

• Beta Gamma Sigma International Honor Society

Education:

• B.S., Accounting, University of Texas at El Paso, Magna Cum Laude

Tenure with Crosland: Since 2006

Professional Experience

As Crosland's Manger of Forecasting and Analysis, David Arnold assists Crosland's Senior Management and Operating Divisions with preparing financial forecasts and valuations for Crosland's potential investments, its existing portfolio, as well as analyzing their inherent financial and operating structures. In this role, David also assists with the compilation and creation of Crosland's annual budget forecast, as well as assisting the Financial and Accounting Divisions within Crosland with providing up to date reporting of actual and forecasted financials for its various investments. In addition to these duties David assists the Chief Financial Officer and Crosland's Senior Management with various analyses and reporting which include sales forecasts, operating income forecasts, underwriting of assets for acquisition and development, as well as analyzing potential and existing capital/deal structures.

From 2006-2009, David served as a Project Analyst for Crosland's Community Development Division in Florida, where he conducted market research for project positioning, underwrote numerous potential projects for potential acquisition, as well as prepared the annual budgets for its various active Communities. David also assisted with the coordination of the Community Development Division's cost and revenue monitoring systems for their development pipeline.

Affiliations and Accreditations:

• Bergstrom Council - The University of Florida's Bergstrom Center for Real Estate Studies
• Urban Land Institute
• Home Builder's Association of Central Florida - Developer's Council (2006-2008)
• Urban Land Institute - Young Leaders Orlando Chapter - Special Projects Committee (2007-2008)
• University of Florida Friends & Alumni of Real Estate, Chairman, Central Florida Region (2008-2009)

Education:

• Masters of Science, Business Administration - Real Estate, Bergstrom Center for Real Estate
• Studies, University of Florida
• Bachelors of Science, Political Science, University of Florida