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Mr. Edens is the Chairman of our board of directors and has served in this capacity since our formation in October 2004. Mr. Edens has been a Principal and the Chairman of the Management Committee of Fortress Investment Group LLC since co-founding the firm in May 1998 through which he manages investments in various asset-related investment vehicles and serves on the board of two registered investment companies Fortress Registered Investment Trust and Fortress Investment Trust II. He is the Chairman of the board of directors and Chief Executive Officer of Newcastle Investment Corp. an affiliate of Fortress listed on the NYSE. He is also Chairman of the board of directors of Brookdale Senior Living Inc. a senior living company listed on the New York Stock Exchange since its inception in November 2005 and Chairman of the board of directors of Global Signal Inc. an NYSE listed company since its reorganization in October 2002 and was Chief Executive Officer of Global Signal Inc. from February 2004 to April 2006. Since its inception in 2003 he has also served as a director and the Chief Executive Officer of Eurocastle Investment Limited an affiliate of Fortress which is currently listed on the Amsterdam Euronext Exchange and Chairman of the board of directors of Mapeley Limited which has been listed on the London Stock Exchange since June 2005. | 