CAPITAL MARKETS OUTING

Anne Raymond is a member of the Board of Directors for Crow Holdings. Prior to her retirement in 2018, Anne served as the Managing Director for Crow Holdings and was the President of Crow Holdings Capital (CHC) and was a member of the Investment Committee for both CHC–Real Estate and CHC–Investment Partners.

Anne has been associated with Crow Holdings since 1983 when she worked alongside Trammell Crow as he was building the Wyndham Hotel Company. She served as Executive Vice President – CFO of Wyndham International, Inc. when the company went public in 1996. She rejoined Crow Holdings in 2000 as a senior leader working closely with Harlan Crow (Chairman and CEO) providing overall leadership and strategic focus. During that time, the firm weathered the Great Financial Crisis, built out its national apartment and industrial development businesses (Trammell Crow Residential and Crow Holdings Industrial) and significantly expanded the real estate investment management business.

Anne received a bachelor’s degree in business administration from the University of Missouri. She serves on the Board of Directors for Trammell Crow Residential, the National Council of the American Enterprise Institute, Lone Star Big Brothers Big Sisters, Teach for America DFW and StepStone Group (NASDAQ: STEP).

Michael Levy is the Chief Executive Officer of Crow Holdings, where he is responsible for leading and overseeing the Company’s overall business activities.

Prior to joining Crow Holdings in 2016, Michael had a longstanding career in real estate finance and investment management at Morgan Stanley.  Most recently he was Chief Operating Officer for the Investment Management Division and a member of the firm’s Management Committee.  He previously held various positions including Head of Traditional Asset Management, COO and CFO for Real Estate Investing and co-head for Real Estate Investment Banking. He joined Morgan Stanley in 1998 from Salomon Brothers and began his professional career at Prudential Securities.

Michael is a member of the Real Estate Roundtable, an Urban Land Institute Foundation Governor and a member of the Middle East Institute’s Board of Governors. He earned a Bachelor of Science at NYU’s Stern School of Business and a Juris Doctor degree from Brooklyn Law School.

Bob McClain is the Chief Executive Officer of Crow Holdings Capital. He is the head of the CHC Investment Committees and is responsible for real estate investment activities at CHC.

Bob has been with Crow Holdings-affiliated companies since 1986, when he joined the Trammell Crow Company in the Washington, D.C. office. He advanced to partner in the Northeast region in 1989. In 1994 he became a Managing Director of the Crow Investment Trust of Crow Holdings, responsible for shopping center investments. In 2005 he was promoted to Head of Real Estate for Crow Holdings. Bob began his career in the audit and tax practice areas with Coopers & Lybrand LLP in New York, where he became a Certified Public Accountant.

Bob received a Bachelor of Science, summa cum laude, in Business Administration from the State University of New York at Albany and received a Master of Business Administration from the Harvard Business School.

Kevin Bryant is General Counsel of Crow Holdings and is responsible for all legal matters and tax planning. He also is responsible for the structuring and formation of the CHC-managed funds. Kevin has been with CHC-affiliated entities since 1997. He chairs CHC’s Due Diligence Committee and sits on the CHC Investment Committee.

Kevin began his legal career at Weil, Gotshal and Manges LLP, where he focused primarily on commercial real estate, corporate finance, and partnership law, and worked extensively with real estate and private equity funds. Prior to that, he was with Arthur Andersen & Company where he became a certified public accountant. Kevin received a bachelor’s degree in accounting from Oklahoma State University and a Juris Doctor degree from Oklahoma City University, where he graduated with honors.

Kevin is a member of the Real Estate Roundtable Tax Policy Committee and the Real Estate Council. He served on the Board of Real Estate Council and as Chair of the Public Policy Committee and the PAC Board. He has published various tax articles and co-authored several books, including the Partnership Tax Practice and Planning Guide, the Annual Tax Planning Guide for S Corporations, Partnerships and Limited Liability Companies, Matthew Bender’s Tax Return Manual, and The Depreciation Handbook, published by Matthew Bender.

Michael Hyun is Chief Investment Officer of Crow Holdings, where he is responsible for business development and strategic investment initiatives.

Prior to joining Crow Holdings in 2019, Michael founded Graphene Group, an investment advisory platform partnering with a range of institutions and operators on investments, corporate strategy, and capital raising. Prior to founding Graphene, Michael was the Chief Investment Officer, Executive Vice President at Brixmor Property Group (NYSE: BRX), the largest owner of grocery-anchored retail centers in the United States where he led investment strategy and portfolio management. Before joining Brixmor, Michael was an Executive Director on the investments team at Morgan Stanley Real Estate Investing executing on investments across all real estate sectors and return strategies. Michael began his real estate career at Greenstreet Real Estate Partners, a boutique real estate private equity firm.

Michael earned a Bachelor of Science in Economics at The Wharton School at the University of Pennsylvania and a Master of Business Administration from Columbia Business School, where he graduated with honors. He is a Chartered Financial Analyst and member of the Horace Mann School Alumni Council and the New York CFA Society.

Cyndy Silverthorn is the Chief Financial Officer and a Senior Managing Director of the Fund Management, Operations, & Analytics team at Crow Holdings Capital, where she is responsible for real estate fund management and operations including investor services, performance analysis, and reporting and serves as a member of the CHC Investment Committee. Since joining Crow Holdings Capital in 2000, Cyndy has been actively involved in various investment-related processes including assisting in risk management, structuring, and overall fund management.

Cyndy’s prior experience includes serving as a Senior Fund Controller with CB Fund Services and real estate tax services with Arthur Andersen.

Cyndy received a Bachelor of Business Administration in Accounting from Southern Methodist University, a master’s degree with concentration in accounting from the University of Texas at Dallas and is a licensed Certified Public Accountant. She is a member of the Advisory Council for Communities Foundation of Texas.

Carlos Rainwater is Head of Asset Management and Senior Managing Director at Crow Holdings Capital and serves as a member of the CHC Investment Committee. Carlos has been associated with Crow Holdings and affiliated entities since 1988 and was Controller for the Trammell Crow Company Dallas-Fort Worth Office Group.

Prior to joining Crow Holdings, Carlos was with the accounting firm of Arthur Andersen & Company in Dallas, Texas for three years.

Carlos served as a Board member on the Advisory Council for the Texas Tech University Rawls College of Business. He is also a current member of the Urban Land Institute. Carlos received a Bachelor of Business Administration in Accounting from Texas Tech University.

Coe Juracek is Senior Managing Director of the Investor Coverage Group of Crow Holdings Capital and Chief Executive Officer of Crow Holdings Securities, where he leads capital formation, business development, and strategic initiative activities across the investment management business. Coe has been with Crow Holdings Capital and affiliated entities since 1999 and has had roles ranging from acquisitions and asset management to leading the firm’s debt capital markets from 2008 to 2013. He currently sits on the CHC Investment Committee.

Coe began his business career in 1995 at Trammell Crow Company, where he served as an analyst in the corporate services team. He subsequently joined Wellsford Residential Property Trust before moving to HomeGate Hospitality/Prime Hospitality to engage in hotel development site selection and feasibility analysis before joining the Benton Company to pursue multifamily development opportunities in North Texas.

Coe is a voting member of the Pension Real Estate Association and received a Bachelor of Arts in History from Duke University and a Master of Business Administration from Southern Methodist University.

Daniel Branch is a Managing Director in the Multifamily Group of Crow Holdings Capital, where he oversees the firm’s Student Housing investment activity. Daniel has been with Crow Holdings and affiliated entities since 2009.

From 2013 to 2017, Daniel was responsible for CHC’s Multifamily investment activity in the Mid-Atlantic & Northeast markets where the firm acquired or developed $1.4 billion of multifamily and for-sale condominiums. He began his career at Crow Holdings on the development & leasing team for Old Parkland before joining the real estate investment fund as an analyst.

Daniel received a Bachelor of Arts in Economics and History from Vanderbilt University.

Dodge Carter is Senior Managing Director in the Multifamily Group of Crow Holdings Capital, where is responsible for the oversight of the firm’s multifamily investment activities and serves as a member of the CHC Investment Committee. He has been associated with Crow Holdings and affiliated entities since 2003.

Since 1987, Dodge has held various positions with Lomas & Nettleton, First Gibraltar Bank, GE Capital Real Estate, and Olympus Real Estate Partners. Responsibilities included construction lending, debt/equity asset management, capital markets, and business development activities.

Dodge is an active board member of the National Multi-Housing Council and is a member of the Folsom Institute for Real Estate at Southern Methodist University. Dodge received a Bachelor of Business Administration in Business from Southern Methodist University.

Matthew Colter is a Senior Managing Director in the Industrial Group of Crow Holdings Capital, where he leads industrial investment activities across the investment management business. He has been associated with CHC and CHC-affiliated entities since 2003, where he began his career as an analyst. He has oversight of industrial pursuits for both stabilized and development opportunities throughout the United States and currently sits on the CHC Investment Committee.

Matthew is an active member of the National Association of Industrial and Office Parks, The Real Estate Council, and an alumni member of the Associate Leadership Council.

Matthew received a Bachelor of Business Administration in Finance from Southern Methodist University.

Nick Losada is a Senior Managing Director and Co-Head of Crow Holdings Capital Debt Fund business, where he is responsible for the origination of debt related products nationally. He joined CHC in 2023 and currently sits on the CHC Debt Fund Investment Committee.
Nick previously served as the co-head of debt originations for the central region at Goldman, Sachs & Co. He worked for Goldman, Sachs & Co. for 18 years, originating senior and mezzanine debt for stabilized, transitional, and construction assets, as well as acquisitions facilities.
Nick received a Bachelor of Finance and Master of Business Administration from Texas A&M University.

Rodney Whitley is Senior Managing Director in the Manufactured Housing, Convenience Retail, and Self-Storage groups of Crow Holdings Capital, where he is responsible for specialty investment activities across the investment management business. Since joining CHC in 1997, Rodney has had many responsibilities including Controller for the Crow Investment Trust and Product Leader for retail investment activities. Rodney currently sits on the CHC Investment Committee.

Rodney began his career at Coopers & Lybrand where he served as Tax Associate with responsibility for tax compliance. He later moved to Wallace Sanders & Company CPA firm where he began as a Tax Associate and later advanced to the position of Tax Manager with responsibility for tax compliance and the structuring of real estate transactions.

Rodney is a member of the International Council of Shopping Centers, Society of Independent Gas Marketers, and the National Association of Convenience Stores. He is a licensed Certified Public Accountant. Rodney received a master’s degree in accounting with an emphasis in taxation from the University of North Texas.

Sam Peck is a Managing Director in the Food & Service Retail Group of Crow Holdings Capital. He is responsible for the overall investment activities of the Crow Holdings Retail Funds (CHRF), a niche fund strategy focused on acquiring and developing multi-tenant shopping centers across the United States featuring food, service, and daily-needs oriented tenancy. Sam has been with Crow Holdings and affiliated entities since 2007 and currently sits on the firm’s Retail Investment Committee.

Prior to leading CHRF, Sam worked in CHC’s Multifamily Group where he was responsible for sourcing and overseeing acquisition, value-add, and development opportunities in the Southeastern United States and New York City.

Sam received a Bachelor of Business Administration in Real Estate Finance from Texas Christian University. He is a graduate of The Real Estate Council’s Associate Leadership Council and is a member of the International Council of Shopping Centers.

Stan Mullikin is Senior Managing Director in the Capital Markets Group of Crow Holdings Capital, where he is responsible for the debt capital markets activity across the investment management business. He currently sits on the CHC Investment Committee. He has been associated with CHC and CHC-affiliated entities since 1998 where he began his career as an analyst.

Stan’s previous roles at CHC have included acquisition, development, disposition and asset management responsibilities across the Industrial, Retail, Office, and Convenience Stores & Gas Station sectors.

Stan received a Bachelor of Arts in Political Science from Southern Methodist University.

Mark G. Roberts is Managing Director of Research at Crow Holdings, where his primary responsibilities include the development of insights, market research, and commentary on real estate topics of interest to investors, developers, operators, and other industry participants. Mark’s position is shared with the Robert and Margaret Folsom Institute for Real Estate at SMU Cox School of Business, where he extends his expertise into the classroom, teaching market analysis and strategy to undergraduate and graduate students.

Mark, a fellow at the Real Estate Research Institute, a regular contributor to the National Council of Real Estate Investment Fiduciaries, and a registered architect, has over 30 years of real estate experience. He recently served as Executive Director of the Real Estate Center at the UT Austin’s McCombs School of Business, and he previously served as a Managing Director at DWS Real Estate, where he held several senior leadership positions including Head of Research & Strategy, Alternatives and Real Assets, Head of U.S. Multi-asset & Solutions, and Co-Head of Research.

Prior to joining DWS’s Real Estate in 2011, he served as Global Head of Research at Invesco Real Estate, a division of Invesco Asset Management Limited. Mark was the Chairman of the Board of NCREIF, President of RERI, Chairman of the NCREIF Research Committee, and a member of the NCREIF Fund-Index Subcom­mittee, which developed the NFI-ODCE Index. He initiated and served on the Leadership Committee of the Global Real Estate Fund Index, which is a joint effort of NCREIF (US), INREV (Europe), and ANREV (Asia-Pacific).

Mark holds a Master of Science in Real Estate from the Massachusetts Insti­tute of Technology and a Bachelor of Arts in Architecture from the University of Illinois at Urbana.

Sam Braver is a Director in the Capital Markets Group at Crow Holdings Capital, where he is responsible for the debt capital markets activity across the investment management business.
Prior to joining CHC in 2022, Sam was a Vice President within the Real Estate Financing Group at Goldman Sachs. While at Goldman Sachs, he was responsible for commercial real estate debt origination across the United States. Sam also held positions at Eastdil Secured where he focused on multifamily investment sales and MidFirst Bank within their income property group.
Sam received a Bachelor of Arts in Economics from the University of Oklahoma and was a member of the Men’s Golf team.

Ashley Newton is a Vice President in the Portfolio Management Group of Crow Holdings Capital. She is currently focused on Crow Holdings Realty Partners VII and the Crow Holdings Development Opportunities Fund, where she is responsible for overseeing fund reporting and operations.

Prior to joining CHC in 2015, Ashley spent four years in the assurance practice at PwC in Dallas, Texas.

Ashley received a Bachelor of Business Administration and Master of Science in Accounting from The University of Georgia in 2010. Ashley is a licensed Certified Public Accountant and a recipient of the Elijah Watts Sells Award for outstanding performance on the CPA examination.

Donald (Don) J. McNamara is the Chairman of Hampstead Holdings, a real estate investment company he founded in 1988. Over the last 20 years, Hampstead, in partnership with a small group of individual and institutional investors, has invested over $1 billion of equity in real estate. The vast majority of these transactions were in the hospitality and senior housing sectors and included a variety of structures from simple, single asset acquisitions to complex public company transactions.

Don has over 30 years of successful investment experience including Bass Brothers Enterprises, Marriott Corporation and JMB Realty. He has served as the Chairman of the Board of Bristol Hotels and Felcor Lodging Trust and has served as a director of Americana Hotels and Realty Trust, LaQuinta, Forum Retirement Partners L.P, Catellus, Kimpton Hotels and Restaurants and Omega Healthcare Investors.

Don currently serves as a Senior Advisor to TPG Capital, a director of Franklin Covey and a director of Berlin based A&O Hostels. Don received his undergraduate degree in Architecture in 1976 from Virginia Tech and a Master of Business Administration in 1978 from Harvard University.