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James J. Burns, age 67, has been the Vice Chairman of WRP since March 2006 and Secretary of Wellsford since April 2002. Previously, Mr. Burns was Chief Financial Officer of WRP since December 2000 and a Senior Vice President of WRP since October 1999. Mr. Burns served as Chief Accounting Officer of WRP from October 1999 until December 2000. Mr. Burns was previously a Senior Audit Partner with Ernst & Young’s E&Y Kenneth Leventhal Real Estate Group where he was employed for 25 years, including 23 years as a partner. Mr. Burns is a director of One Liberty Properties, Inc., and of Cedar Shopping Centers, Inc.; both of which are REITs. Mr. Burns is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants | 