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Michael J. Wechsler has been a director and has served as a member of the Compensation Committee and the Nominating and Governance Committee and an alternate member of the Executive Committee since August 2003. He has been the Chairman of the Compensation Committee since April 2007. He served as a member of the Audit Committee from April 2006 to April 2007. Since April 2007 Mr. Wechsler has served as Managing Director of the Centerline Financial Group division of Centerline Capital Group a subsidiary of Centerline Holding Company. Formerly known as CharterMac Centerline Holding Company is a publicly-traded real estate financial services company. From October 2003 until April 2007 Mr. Wechsler served as Executive Vice President Credit of CharterMac. Mr. Wechsler served as Chief Operating Officer of the Related Companies L.P. from 1987 until 1997 and as Chief Credit Officer of Related from 1997 until 2003. The Related Companies L.P. is a major developer of multifamily affordable housing nationwide one of the largest owners of multi-family dwellings in the country and a leading syndicator of residential real estate financed with Low Income Housing Tax Credits in the United States. Prior to joining the Related Companies L.P. he held various positions in the Real Estate Division of Chemical Bank for over 20 years. His last position was as Senior Vice President and Managing Director with overall responsibility for the Real Estate Division’s administration and lending activities in twenty-five states and New York City. | 