WHARTON

Mr. Lewis is a founder and principal of Wharton Equity Partners. Since inception, Mr. Lewis has taken a proactive role in expanding the investment reach of the firm across different asset classes and industries. As Chairman of the Real Estate Investment Committee and Private Equity Investment Committee, he further defines the direction of Wharton Equity Partners as it continues its disciplined strategy of pursuing opportunities with substantial risk-adjusted returns. Mr. Lewis is also Chairman of Wharton Equity Partner's platform businesses, Wharton Land Partners and Wharton-Columbia Net Lease Partners. During his career, which includes previous employment in investment banking, commercial banking, and tax accounting, Mr. Lewis has been directly responsible for equity investments of over $1.0 billion in real estate, venture capital and private equity transactions. Mr. Lewis received his Bachelor of Science degree in Economics from the Wharton School at the University of Pennsylvania and his Master in Business Administration from the Graduate School of Business at Columbia University. He is a frequent guest lecturer in real estate and venture capital investing, and is involved in a number of philanthropic endeavors.

Mr. Serko leads Wharton Equity Partner's real estate activities, and sits on the firm’s Real Estate Investment Committee. During the course of his 24-year career in commercial real estate he has concluded over 750 transactions, consisting of nearly 17 million square feet and a value of nearly $2.0 billion. He has extensive experience with diverse asset classes and property types, and his activities have included development, acquisitions, dispositions and property management. Prior to joining Wharton, Mr. Serko was Head of Corporate Real Estate for 2 large multinational corporations, where he had responsibility for both their entire North American and International real estate portfolios, comprised of over 40 million square feet, with a combined value in excess of $3.0 billion. Mr. Serko received his Bachelor of Arts degree from Dartmouth College, with Dean’s List distinction, and his Juris Doctorate degree from the Benjamin N. Cardozo School of Law, Yeshiva University.

Mr. LeBlanc spearheads Wharton Equity's business development and investor relations area, as well as initiatives in Wharton Equity's private equity business. Mr. LeBlanc has over 30 years of experience in commercial and investment banking, the majority of which was spent at Morgan Stanley where he worked in the fixed income sales area executing many complex transactions for some of the firms largest institutional clients that included a wide array of financial products such as currency swaps, derivatives, futures, and options. After retiring from Morgan Stanley, Mr. LeBlanc was a principal in BG Development, a high-end residential developer located in New Canaan, Connecticut. Mr. LeBlanc earned his Bachelor of Arts in Business from North Carolina State University and is engaged in a number of philanthropic endeavors such as "A Better Chance," dedicated to the promotion of inner city youth to better educational opportunities.

Mr. Stern is responsible for directing Wharton Equity's hotel investment activities. He has over 25 years of experience in the hospitality sector as investment banker, advisor and principal. During his career, Mr. Stern has been involved in over $2.5 billion of hotel and resort transactions on behalf of a wide range of domestic and offshore investors. Prior to joining Wharton Equity, he held positions at Sonnenblick-Goldman Company, where he co-headed the firm's lodging group from 1990-2000, and earlier in his career, at the Robert M. Bass Group and Lepercq Capital Partners, where he was responsible for hotel investment analysis, acquisitions and financing.

Mr. Stern received his Bachelor of Arts degree from New York University's School of Business and Public Administration.

John Baxter is a Managing Director at Wharton Equity Partners and focuses his efforts on business development. Prior to joining Wharton, he worked at LedgeRock Partners, a financial institutions and real estate advisory firm and was Executive Vice President at Wheat First Butcher Singer where he served as head of Investment Banking and Equity Capital Markets, and was a member of the Management Committee and Board of Directors. From 1985 to 1996, Mr. Baxter was a Managing Director at Whitehall Management Consulting. He became President of the firm in 1989. Whitehall had offices in New York and London, and provided business growth strategies for investment banking clients throughout the United States and in Europe. Mr. Baxter attended Columbia University in New York City.

Mr. Kulick brings over seven years of transactional and real estate experience to Wharton Equity. Mr. Kulick is involved in Wharton Equity's real estate area including, originating, underwriting, structuring and monitoring its real estate investments. Prior to joining Wharton Equity, Mr. Kulick was a Vice President at FrontView Group, a real estate investment and advisory firm. While at FrontView, Mr. Kulick was responsible for advising clients on capital structure, financing and valuation issues regarding performing and non-performing assets. Mr. Kulick was also responsible for the firm's principal investing activities, particularly in the lodging sector.

Prior to joining FrontView, Mr. Kulick was a senior associate at JF Capital Advisors, a principal investing and advisory firm, where he analyzed and negotiated hospitality investments across all levels of the capital structure. Prior to JF Capital, Mr. Kulick was an associate in UBS Investment Bank's Real Estate, Leisure and Lodging Group, where he helped advise clients on strategic and financing alternatives.

Prior to UBS, Richard practiced law for over four years in New York at Sidley Austin's Corporate Transactions group. In connection with his work, Richard structured and executed asset, stock, merger and reorganization transactions, in both friendly and hostile contexts. Representative deals include Kinder Morgan's LBO, Starwood's divestiture of Starwood Hotels and Resorts, AIG's acquisition of General Electric's life and auto insurance operations in the U.S. and Japan and KMC Telecom's restructuring.

Mr. Kulick received his M.B.A. from Columbia Business School, his J.D. from George Washington University School of Law and his B.A. from Colgate University.

Mr. Eisenberg heads Wharton Equity Partner's Florida office, where he is responsible for overseeing the company's real estate and private equity activities. Mr. Eisenberg sits on the board of a number of companies and is actively engaged in managing portfolio investments. Prior to Wharton Equity Partners, he founded and ran several successful operating businesses. Mr. Eisenberg received his Bachelor of Science degree with Dean's List distinction in Management from the A.B. Freeman School of Business Administration at Tulane University and attended the New York University Graduate School of Business Administration.