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Thomas Nolan, Jr., 49, has been a director of the Company since April 2005. Since July 2004, Mr. Nolan has served as a Principal and as Chief Financial Officer of Loreto Bay Company, the developer of the Loreto Bay master planned community in Baja, California. From October 1984 through July 2004, Mr. Nolan held various financial positions with AEW Capital Management, L.P., a national real estate investment advisor, and from 1998 through 2004 he served as Head of Equity Investing and as President and Senior Portfolio Manager of The AEW Partners Funds. Mr. Nolan formerly served as a director and as Chairman of the Audit Committee of Bedford Property Investors, Inc., a public office property real estate investment trust. | 