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Jonathan Ilan Ofir has been our Chairman and Chief Executive Officer since March 11, 2005. Mr. Ofir was instrumental in obtaining and financing the property located at 231 Norman Avenue. He has been the President of Gunther Franz, Inc., an investment company involved in real estate holdings, since January 1997. Since April 2002 to the present, Mr. Ofir has been the co- manager of Power Equity Management, LLC, a private company involved in real estate transactions and investments. From 1994 through 1997, Mr. Ofir was Chairman and President of Catalana Ban 58 Inc., one the largest shirt manufacturers and textile companies in Israel. From 1994 through 1997, Mr. Ofir founded and directed Teno Direct Investments Ltd., a company focused on investing in opportunities that would benefit from capital, changes in management and rationalizing operations through mergers and strategic alliances. Mr. Ofir received an MBA in International Finance, in 1990 and a BA in Statistics and Economics in 1989 from Hebrew University, Jerusalem, Israel. | 