KEY EXECUTIVES

Richard M. Perlman

Mr. Perlman is the founder and President of Zaragon which was formed in 1990. Mr. Perlman has been in the real estate business for the past 30 years. Mr. Perlman oversees all aspects of the company's business with particular emphasis on acquisitions, dispositions and financings.

Prior to Zaragon, Mr. Perlman was a Senior Vice President of a national real estate investment company for fifteen years where he did acquisitions and structured new deals, both real estate and corporate.

Mr. Perlman has developed, acquired and financed apartment communities, shopping centers, office buildings and hotels throughout the United States involving transactions in excess of $3 billion.

Mr. Perlman graduated from the Honors College of the University of Michigan with a Bachelor of Arts degree and received a Juris Doctor degree from Case Western Reserve Law School. Mr. Perlman is married and has three children.

Lisa K. Miner

Mrs. Miner has been a Senior Vice President of Zaragon for the past fifteen years. She is responsible for overseeing many areas of the company, including but not limited to all management and leasing activities for the entire portfolio.

Prior to joining Zaragon, Mrs. Miner spent four years as Director of Leasing for RD Management Corp., New York, New York and was responsible for all leasing activity for 200 properties in RD's national portfolio.

Mrs. Miner is a graduate of the University of Michigan, where she earned her Bachelor of Arts degree, and a graduate of New York University where she earned a graduate degree in Real Estate Investment Analysis.

Mrs. Miner holds a Real Estate Broker's license in both New York and Illinois. She is married and has two children.