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Ronald L. Piasecki has been a director since May 1996, upon completion of the Company’s acquisition of twenty-five manufactured housing communities (the Aspen Properties) owned by affiliates of Aspen Enterprises, Ltd. (Aspen). Mr. Piasecki is the executive vice president and a director of Aspen, which he co-founded in 1973. Prior to the Company’s acquisition of the Aspen Properties, Aspen was one of the largest privately-held developers and owners of manufactured housing communities in the U.S. Mr. Piasecki serves as Chairman of the Board of Directors of Kurdziel Industries, Inc., the world’s largest producer of counter weights for the material handling industry, and Mr. Piasecki is a director of USOL Holdings, Inc. (Nasdaq: USOL), a provider of integrated telecommunications services. | 