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Douglas Crocker II age 66 has been a director of the Company since May 1997. Mr. Crocker was Chief Executive Officer President and a Trustee of EQR from March 1993 until December 31 2002 and also served as Vice Chairman of Equity Residential (EQR) from January 1 2003 through May 2003. EQR is a real estate investment trust (REIT) that owns and operates residential properties and is the general partner of ERP Operating Limited Partnership. Mr. Crocker remains very active in the multifamily housing industry serving on boards or committees of various multifamily housing associations. Mr. Crocker is a past Trustee of the Multifamily Council of the Urban Land Institute and former member of the Board of Governors of NAREIT. Mr. Crocker is past chairman of the National Multi Housing Council and on the Advisory Board of the DePaul University Real Estate School. Mr. Crocker also serves as a director of the following companies in the real estate industry: Reckson Associates an office building REIT specializing in the New York metropolitan area; Ventas Inc. a leading healthcare related REIT; Post Properties a multifamily REIT; and Acadia Realty Trust a REIT which owns and operates shopping centers. | 