ADVISORY BOARD MEMBERS:

Alice M. Connell, President and CEO, AM Connell Associates LLC
Former Managing Director, Head of Portfolio Strategy and Management for TIAA-CREF

James J. Didion, former Chairman and CEO of CB Richard Ellis, Inc

Ron Long, Director of Real Estate Investments,
William Marsh Rice University

Tim Hoeppner, Managing Director of Real Estate & Energy,
John D. and Catherine T. MacArthur Foundation

Verna Kuo, Director of Real Estate & Natural Resources,
William and Flora Hewlett Foundation

Laudan Nabizadeh, Director, Real Estate Investments,
Stanford Management Company, The Board of Trustees of the Leland
Stanford Junior University

Larry S. Owen, former Managing Director of Real Estate Investments for the
Stanford Management Company

Darryl W. Parmenter, Chairman and CEO of
Parmenter Realty Partners, Key Man representative

Julie Vollenweider, Assistant Vice President and Director of Private Markets,
Emory Investment Management, Emory University

Matthew W. Wright, CFA, Vice Chancellor for Investments
Vanderbilt University

Bruce Ludwig, President of Ludwig Capital

Ken Wisdom, Managing Director, Portfolio Advisors

Larissa Herczeg, Director of Real Assets,
Morgan Creek Capital Management, LLC

Matthew Cunningham, Senior Director of Investments,
University of Pittsburgh Medical Center

Kevin Schuyler, Partner at Cornerstone Partners, LLC