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<p>Arthur Falcone has over 30 years of executive experience and a proven track record of success. Mr. Falcone brings tested leadership, an entrepreneurial spirit and unparalleled expertise in all areas of real estate to his role overseeing the Falcone Group. He has diverse and extensive experience in analyzing, purchasing, financing, developing and managing all real estate product types. As Chief Executive Officer and Chairman of Falcone Group, a vertically integrated real estate and land development organization, Mr. Falcone has successfully established the company as an internationally recognized real estate corporation. Under his leadership The Falcone Group has developed over 30,000 residential lots, more than one billion dollars in commercial and apartment assets and has invested and financed over three billion dollars in real estate ventures. Current substantive holdings and development projects include the Encore Housing Opportunity Fund which is an equity fund that is currently buying distressed United States real estate assets at a fraction of prior valuations; Miami Worldcenter, a 15 million square foot, mixed-use, master-planned urban development comprising 21 contiguous acres in the heart of downtown Miami, Florida; and Two Liberty Place, a 1.2 million square foot, 57 floor, mixed-use, office and residential tower in Philadelphia, Pennsylvania, offering 34 floors of Class A office space, a 12,000 square foot world-class restaurant, and 18 floors of luxurious residential condominiums.</p>

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