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Mr. Stoddard Senior Managing Director of W. P. Carey & Co. LLC was elected to the Board of Directors in 2000. He is also a member of the Investment Committee. From 2000 until September 2005 he served as Chairman of the Investment Committee and Co-Chief Investment Officer. From 1979 to 2000 Mr. Stoddard was Chairman of the Investment Committee of W. P. Carey & Co. Inc. Mr. Stoddard was until 1979 officer-in-charge of the Direct Placement Department of The Equitable Life Assurance Society of the United States (Equitable) with responsibility for all activities related to Equitable's portfolio of corporate investments acquired through direct negotiation. Mr. Stoddard was associated with Equitable for over 30 years. He holds an A.B. degree from Brigham Young University an M.B.A. from Harvard Business School and an LL.B. from Fordham University Law School. | 