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Edward Lowenthal age 61 has been a director of the Company since its formation in January 1997. Mr. Lowenthal served as the President and Chief Executive Officer from the Company's formation until his retirement on March 31 2002. Mr. Lowenthal served as the President and Chief Executive Officer and as a trustee of the Trust from its formation in July 1992 until consummation of the Merger. Mr. Lowenthal is President of Ackerman Management LLC a real estate advisory and investment firm. Mr. Lowenthal currently serves as a director of Reis Inc. ("Reis") Omega Healthcare Inc. a healthcare REIT American Campus Communities a student housing REIT Homex a Mexican home builder and Ark Restaurants Inc. an owner/operator of restaurants. He is also a trustee of the Manhattan School of Music | 