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Keith W. Belcher is a Managing Director of J.E Robert Company Inc. and our manager JER Commercial Debt Advisors LLC as well as Vice Chairman of the Board of Directors and Executive Vice President of JER Investors Trust Inc. Mr. Belcher also serves on our investment committee. Mr. Belcher joined JER in 1991. He is responsible for all CMBS acquisitions made by the JER Funds and will perform the same function for us. He also oversees the asset management of the underlying assets in such CMBS issuances assigned to JER as Special Servicer. Previously Mr. Belcher managed JER’s asset management contracts with the RTC which exceeded $3.5 billion in asset value. Mr. Belcher holds a B.B.A. degree in finance and a B.A. degree in economics from Southern Methodist University. | 