Board of Directors
Consideration for Mr.
Tangens Recommendation:
Mr. Tangens leadership as a president, chief operating officer and chief financial officer of publicly listed real estate related finance companies, including diversified mortgage and credit real estate investment trusts, his
extensive capital markets and real estate investment experience, and substantial knowledge of financial and accounting matters, qualify him to serve as a director of the Company.
Kevin P. Traenkle.
Kevin P. Traenkle serves as Chief Executive Officer of the Company. In addition, Mr. Traenkle is the Executive Vice President and Chief
Investment Officer of Colony Capital. In his roles at Colony Capital and its predecessors, he has been involved in many facets of the businesses, including business strategy, product development, global client relations, oversight of individual
investment and divestment decisions, as well as portfolio construction and risk management.
Prior to rejoining the Colony Capital business in 2002, Mr. Traenkle
worked for a private equity investment firm, where, among other responsibilities, he focused on the firms real estate-related investment and management activities. Prior to originally joining Colony Capital in 1993, Mr. Traenkle worked in
the municipal finance department for the investment bank First Albany Corporation in Albany, New York.
Mr. Traenkle received a Bachelor of Science in Mechanical
Engineering in 1992 from Rensselaer Polytechnic Institute in Troy, New York.
Consideration for
Mr.
Traenkle
s Recommendation:
Mr. Traenkles leadership as Chief Investment Officer of the commercial real estate investment activities of Colony Capital, with
specific focus debt and credit investments for the Company, his oversight of an extensive and global network of investment and asset management professionals, and his successful track record therein, together contribute greatly to his value as a
director of the Company.
John E. Westerfield.
John E. Westerfield is a director of the Company. Mr. Westerfield serves as Chief Executive Officer of
Mitsui Fudosan America, Inc. (MFA) and is a member of MFAs board of directors. MFA is the U.S. subsidiary of Mitsui Fudosan Group, a publicly listed real estate company in Japan. Mr. Westerfield was appointed Chief Executive
Officer of MFA in April 2015 after serving as Senior Advisor to MFAs board of directors from 2012 to 2015.
Mr. Westerfield spent the majority of his
career as a managing director at Morgan Stanley, having joined the firm in 1985 upon graduation from business school. At Morgan Stanley, Mr. Westerfield worked in numerous roles in investment banking, fixed income and investment management, all
with a specialization in commercial real estate finance and investment. In his last role at Morgan Stanley, Mr. Westerfield had responsibility for the firms global commercial mortgage finance business. Upon retirement from Morgan Stanley
in June 2008, Mr. Westerfield formed and managed Braddock Capital Management LLC, a private company which invested in REITs and commercial real estate related assets, including various office, industrial, multi-family rental and condominium
development projects, primarily in the New York area.
Mr. Westerfield received a Master of Business Administration from Harvard Business School in 1985 and a
Bachelor of Arts in Government from Dartmouth College in 1981.
Consideration for Mr.
Westerfields
Recommendation:
Mr. Westerfields extensive knowledge of commercial real estate finance and investment, continuing leadership as a chief executive officer of a prominent U.S. focused real estate investment business, and expertise
in strategic business planning and investment strategy, highlight attributes qualifying him to serve as an independent director of the Company.
Winston W.
Wilson.
Winston W. Wilson is a director of the Company. Mr. Wilson was an independent director of NorthStar Real Estate Income II, Inc. and the chairman and financial expert of its Audit Committee, positions he held between April 2013 and
January 2018. Mr. Wilson has also served as a director of NorthStar/RXR New York Metro Real Estate, Inc. and as the chairman and financial expert of its audit committee between February 2015 and October 2018.
Prior to becoming a board member, Mr. Wilson most recently worked for Grant Thorntons New York office, from August 2008 until December 2012 as Partner in
Charge and Financial Services Industry Leader, and from August 2011 until December 2012 as National Asset Management Sector Leader. Mr. Wilson has over 28 years of experience with financial services companies including, among others, mortgage
and equity REITs, broker-dealers, mutual funds and registered investment advisors. Prior to joining Grant Thornton, Mr. Wilson worked for PricewaterhouseCoopers LLP, Credit Suisse First Boston and Brown Brothers Harriman & Co.
Mr. Wilson is a certified public accountant in the states of New York, New Jersey and Pennsylvania. He is a member of the American Institute of Certified Public Accountants and New York State Society of CPAs. Mr. Wilson was also previously
a member of the American Institute of Certified Public Accountants (AICPA) Investment Company Expert Panel as well as a member of the Strategic Partners Advisory Committee for Managed Funds Associations.
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