Caroline Moore is a founding partner and Chief Executive Officer of Ekistics, responsible for overseeing and directing all aspects of the company’s real estate development and asset management operations. With a deep belief in stakeholder engagement and transparency, Caroline created a new way of executing development called “CityScaping,” a process that integrates local stakeholders into the work of the project team. Caroline’s expertise ranges from mixed-use and brownfield to adaptive re-use and Transit Oriented Development (TOD) projects. She embraces public-private partnerships finding success in coalescing varying interests into discovering solutions that neither could have accomplished alone.

Prior to founding Ekistics, Caroline spent the majority of her career with Struever Bros Eccles & Rouse (SBE&R) ultimately serving as Chief Operating Officer, where she was responsible for the company’s commercial and residential development. Caroline grew SBE&R’s portfolio to more than two million square feet, managed a team of 25 staff members and oversaw all aspects of development with total project budgets in excess of $500 million.

Growing up in a real estate focused family, development was the last thing Caroline thought she would end up doing. Now, with 25 years of experience in complicated urban mixed-use projects, she can’t imagine a good day that doesn’t include a hard hat.

Mark Caplan, is a Baltimore native active in real estate investment and management as well as

equipment and vehicle financing in the region. He is the President and CEO of The Time Group,

a real estate equity firm where he has worked since the mid-1970s. The Time Group has interests

in approximately 7,500 units of multi-family, manufactured housing, and senior living. He is also

a founder and is currently the Chairman of WPM Real Estate Management, a manager of multi-

family properties as well as other property types currently comprising in excess of 23,000 units.

In addition to his real estate activities, Mr. Caplan is Chairman of the Management Committee of

Madison Capital, an independent vehicle and equipment financing firm. Mr. Caplan is a member

of the Board of Directors at Capital Bank, (NASDAQ, CBNK). Mr. Caplan is active in the non-

for-profit community in Baltimore, having served or currently serving on the Boards of The

Walters Art Museum, Downtown Partnership of Baltimore, The Bryn Mawr School, The Enoch

Pratt Free Library, The Gilman School, Center Stage, B.E.S.T., Charles Street Development

Corp., Real Estate Advisory Board of Columbia Business School, and St. Ignatius Loyola

Academy. Mr. Caplan graduated from Gilman School in 1976 and Johns Hopkins University in

1981 where he received his Bachelor of Arts degree in Social & Behavioral Sciences. He

received his Master of Business Administration from the Columbia Business School in 1983,

which he attended as a Dean’s Fellow.

Scott Plank founded War Horse in 2010 to pursue his passion in exploring how built environments can magnify our lives and relationships. War Horse develops a diverse range of projects, including entertainment venues and a portfolio and pipeline of over 850 apartments, 80,000 square feet of office, 150,000 square feet of retail and philanthropic public service programs driven by this philosophy. Scott began pursuing his love and curiosity for cities by studying Urban Planning at the University of Maryland, years of world traveling, and eventually financing thousands of multi-family homes at Freddie Mac from 1995 to 2000.

As his brother, Kevin Plank, began selling Under Armour t-shirts in 1996, Scott joined in 2000, also dedicating himself to Making All Athletes Better. It was at Under Armour where Scott learned that a place is more than just a jumble of bricks. Our buildings are as important to our personal and professional mission as a computer or a sewing machine. He learned that customers and teammates need inspiring environments: playing fields, gyms, stores, and offices. By 2010, Scott’s leadership across the organization was broad and impactful; being responsible for half of the company’s then 7,000 employees, a robust retail platform of 100 stores, 2 million SF of real estate, ecommerce, expansion into China, and a third of the company’s revenue, and half of its profits.

As managing research director, Elizabeth oversees the operations of the Transwestern Research Department in the Mid-Atlantic. She is responsible for directing economic and commercial real estate analysis, as well as identifying and forecasting industry trends. Elizabeth brings thought leadership to Transwestern’s Mid-Atlantic research through market research analysis in the quarterly publications and industry-specific white papers. She also serves as a spokesperson to clients and the media on market analysis and trends.

CAREER HIGHLIGHTS

Elizabeth has over 15 years of research and analysis experience on the real estate industry. Previously, she was the National Research Director at Delta Associates, Transwestern’s research affiliate. In this role she oversaw the economic and commercial real estate research for the Washington/Baltimore, Chicago, Dallas/Ft. Worth, Houston, and Denver markets. Prior to Delta Associates, Elizabeth was a Needs Assessment Analyst with the National Association of Home Builders (NAHB), where she managed research projects and provided analysis as well as product recommendations to the home building industry.

EDUCATION

Elizabeth received her Master of Community Planning (MCP) degree from University of Maryland, College Park. She received her bachelor’s degree in Sociology and Government from American University.

- See more at: http://www.transwestern.net/About/Pages/Bio.aspx?email=Elizabeth.Norton@transwestern.com#sthash.7MWiz0Cd.dpuf

Kirby Fowler is President of the Downtown Partnership of Baltimore, Inc. (“DPOB”), and

the Executive Director of the Downtown Management Authority – nonprofit organizations

working with the public and private sectors to make Downtown Baltimore a great place

for businesses, employees, residents, and visitors. Downtown Baltimore is the fastestgrowing

neighborhood in the City, and it ranks 8th in the country in terms of residential

density and 12th in the country in employment density.

DPOB employs approximately 140 people dedicated to: cleaning sidewalks and streets;

maintaining a hospitable environment; overseeing park spaces and greening initiatives;

promoting economic development; monitoring infrastructure projects; reducing traffic

congestion; providing business networking opportunities; and marketing Downtown

amenities.

Prior to joining DPOB, Kirby was Of Counsel to Ballard Spahr Andrews & Ingersoll, LLP,

and was also a partner in the law firm of Ober Kaler Grimes & Shriver.

Previously, Kirby served as Special Assistant for Economic and Neighborhood

Development under Mayor Martin O’Malley. In that position, he worked on such projects

as The Brown Center at the Maryland Institute College of Art, the renaissance of

Belvedere Square, and the retention of existing businesses such as Phillips Seafood.

From 2001 through 2006, Kirby led the creation of the Station North Arts & Entertainment

District. During that time period, more than 108 new artists moved into Station North,

more than 14 establishments opened (including MICA’s Studio Center, Area 405, Load of

Fun, and Joe Squared), and two significant residential projects – Railway Express and

Station North Townhomes – were launched. In addition, special signage was installed, a

map guide was developed, and celebrations such as “Gotta Have Art” were held to

promote the district. In 2005, Kirby created the non-profit organization and hired the first

full-time Executive Director of Station North.

From 2009 to 2012, on appointment by Governor Martin O’Malley, Kirby served as

Chair of the Maryland State Lottery & Gaming Commission, overseeing the lottery as well

as the licensing and operation of the new slots facilities in Maryland. During Kirby’s

tenure, the Commission drafted the first-ever regulations for slots facilities and table

games; granted licenses to the first five casinos to open in Maryland; and oversaw three

consecutive record-breaking years in revenue generation for the lottery.

In 2010, Kirby was asked to participate on an Urban Land Institute Advisory Panel,

providing advice to the City of Chicago on redevelopment of the Navy Pier.

Kirby also served on the Transition Teams for Mayor Stephanie Rawlings-Blake and

Mayor Sheila Dixon.

He currently serves on several boards, including Baltimore Homeless Services (previously

Chair), Central Baltimore Partnership, Charles Street Development Corporation, The

Economic Alliance Advisory Board (previously Chair), Healthcare for the Homeless, Mount

Vernon Cultural District, Public Markets Corporation, and Station North Arts &

Entertainment, Inc. (previously Chair).

Kirby has been named “Influential Marylander” by The Daily Record; a “Leader We

Admire” by SmartCEO Magazine; “Baltimore Icon” by 89.7 WTMD; “Forty under Forty”

by Baltimore Business Journal; “Father of the Year” by the American Diabetes Association,

Maryland Chapter; “Breaking Boundaries” honoree by the International Interior Design

Association; Fullwood Foundation Valued Hours Award recipient; and The Daily Record

“Innovator of the Year” for the Charm City Circulator and “Operation: Storefront”. During

his tenure, The Partnership has also won awards from the International Downtown

Association for its Kids Month promotion (2010) and “Operation: Storefront” (2011), as

well as the Spencer Ellis Award from the American Society of Landscape Architects for

stewardship of the local environment.

Kirby is a graduate of Dartmouth College and New York University School of Law. He is

married to Carmina Perez-Fowler, and has two wonderful daughters.

HTA was formed in 2001 by Wallace L. Scruggs, CPA, a former senior principal with the national accounting firm of The Reznick Group, (formerly Reznick, Fedder and Silverman). HTA has developed and is pursuing opportunities in Maryland, Virginia, Georgia, Florida and New Jersey.

Mr. Scruggs and the HTA team, bring more than twentyfive years of experience in the development, financing & management of affordable housing and market-rate real estate. Each individual's commitment to the cause of affordable housing has left indelible and important marks on the industry.

HTA has experience developing multifamily affordable housing in both urban and rural settings and in both large and small markets. Beyond this ability, HTA has in its ranks some of the industry's leading talent in the financial structuring and execution of a deal. In addition to the skills of the HTA's Principal, the Company employs specialists with expertise in finance, management, marketing and development. Please refer to our People section for individual biographies for our Principals and key personnel.

From 2001 to present day, HTA has operated from its headquarters in Columbia, Maryland. Over the past 7 years HTA has developed numerous properties and consulted for various clients across the country. Today their portfolio contains over 1,300 units spread throughout the mid-atlanic

P. David Bramble has been working in real estate investment for over 20 years. He dedicates his time to sourcing & capitalizing transactions and overseeing project underwriting and execution. As a corporate and real estate attorney by training, David brings a deep knowledge of all aspects of the real estate cycle. Prior to MCB, David served as the director of commercial lending for a regionally based full-service lending firm –Madison Funding – which he co- founded in 2000. Prior to devoting all his time to commercial real estate investment, David practiced law in the transactions group of Steptoe & Johnson LLP where he provided corporate and real estate advisory services. His practice focused on complex workouts, primarily in the real estate and financial products space.

David serves as the Chairman of the Board of Lendistry, a fintech enabled CDFI focused on providing small business capital to underserved communities nationwide. He serves on the investment committee and board of the Robert W. Deutsch Foundation which invests in innovative people, projects, and ideas that improve the quality of life in Baltimore and beyond. He also serves on the boards of Johns Hopkins Bayview Hospital, Ronald McDonald House, UPENN Institute for Urban Research, The Abell Foundation, and Baltimore Tree Trust.

David received his J.D. from the University of Pennsylvania, and A.B. from Princeton University.

David received his J.D. from the University of Pennsylvania, and an A.B. from Princeton University.

Kieley joined Stewart in 2008 as manager of the Commercial Services office in Baltimore, Maryland. In 2016, he was appointed as Commercial Services Mid-Atlantic & Southeast Regional Sales Director. A real estate and title professional with over 30 years of industry experience, Kieley oversees the sales and marketing of the Florida Commercial Services offices in Tampa, Ft. Lauderdale, Miami and Orlando, among other major metro areas. He previously held positions with First American, Chicago Title, Commonwealth Land Title and Lawyers Title.

Kieley is a member of the International Council of Shopping Centers (ICSC), the National Association of Industrial and Office Properties (NAIOP), and the Maryland Land Title Association.

With a Juris Doctorate from the University of Baltimore, Kieley is currently a member of the Maryland State Bar and the New Jersey State Bar.

With over 20 years of marketing and business development experience, Morgan serves as Vice

President, Senior Business Development Officer for Stewart Title Guaranty Company- Commercial

Services. Morgan specializes in developing commercial business on a national level as well as in the

Mid-Atlantic region. Over his 14 years within the title insurance industry he has been responsible for

seven billion in closed commercial transactions.

Prior to joining Stewart Title, Morgan served in Marketing and Business Development roles for

Craftsmen Developers, LLC, Commercial Settlement Services, Brinker Capital and Bank of America.

Morgan’s overall leadership and performance was recognized through a series of awards in 2011 that

included The Daily Record VIP successful by 40, Living Classrooms and Baltimore Business Journal 2010

Rising Star, and Urban Land Institute Leadership Award.

He is also active in his community currently serving as the NAIOP Awards Gala Co-Chair, Walters Art

Gallery Development Committee, Maryland Art Place board member, Homebuilders Association of

Maryland Board Member and Baltimore School for The Arts Stage One board member. He is past

member of the Baltimore City Mayor’s Leadership Advisory Board along with leadership roles for ULI

Baltimore and The Baltimore Station.

Morgan earned a Bachelor of Arts in Political Science and Business from Mount Saint Mary’s University

in Emmetsburg, Maryland. He is married to wife Jennifer and has two sons Owen and Bryce.

Joshua Olsen has led Monument Realty's acquisitions team for the last five years and during his nine years with Monument, he has made significant contributions on both the acquisition and development teams. His most recent accomplishments include the assemblage of Liberty View, an 880,000 square foot office and hotel development in Springfield, VA. Mr. Olsen also played a major role in the assemblage of Half Street, a 1.5 million square foot mixed-use development adjacent to Washington, DC's $880 million baseball stadium, Nationals Park.

Mr. Olsen is responsible for identifying real estate opportunities, making recommendations to Monument's investment partners and closing acquisitions, which often involve a complicated set of transactions and a difficult series of negotiations, particularly in the highly competetive Washington, DC market. he has been involved with the acquisition of land for development and existing buildings totaling 5.2 million square feet, of which he was personally responsible for 2.9 million square feet. Mr. Olsen's daily duties include contract negotiation, underwriting, joint venture formation, entitlement, and financial structuring. He has served as a project manager for all aspects of an award-winning $30 million redevelopment of an office building conversion to residential condominiums and the conversion of a 150,000 square foot rental apartment building to condominums.

Mr. Olsen has authored two books, Better Place, Better Lives: A Biography of James Rouse (2003) and Foggy Bottom and the West End (2010), and published two articles “On the units of geographical economics,” in Geoforum, (2002) and “Open space may not be all that it’s cracked up to be,” on the American Planning website (1999).

Mr. Olsen is on the executive committee of the Washington District Council of ULI and has served nationally as a juror for ULI’s Kenneth M. Good Graduate Student Scholarship. He was named as one of Washington Business Journal’s Top 40 Under 40 business leaders in 2011. Josh has a B.A. in Architecture and graduated Summa Cum Laude from Yale and earned an M.S. in Geographical Sciences from the University of Bristol while a Fulbright Scholar to the United Kingdom.

Jordan began his real estate career in 2004 in Manhattan at Deutsche Bank followed by Ernst & Young in their Commercial Mortgage Backed Securities groups. In 2006 Jordan moved to Chicago where he began working on various real estate development deals. Since that time he has seen the height and trough of the real estate market. Currently, Jordan is overseeing the construction and redevelopment of JK Equities’ existing portfolio as well as working on new projects.

Dominic Wiker is an experienced development professional with over 15-years of managing large-scale development projects. He is currently overseeing the $30 million redevelopment of the 250,000 square foot historic Hoschild Kohn warehouse in Baltimore’s Mount Vernon neighborhood into 171-market rate apartments. Prior to working with The Time Group, he managed the development of McHenry Row, a $150 million mixed-use project in Baltimore’s Locust Point neighborhood and was a Senior Development Director with Struever Bros. Eccles & Rouse overseeing such urban in-fill, mixed-use projects as 1209 North Charles, Charles Commons and the Village Lofts. Dominic received a Bachelor’s degree from Johns Hopkins University and a Master’s degree from Carnegie Mellon University.

Yonah Zahler founded ZAHLCO Development to make luxury living more widely accessible, and enhance the quality of life for fellow Baltimore urbanites. Bringing with him over 15 years of construction and design experience, under his vision and leadership ZAHLCO has grown into one of the leading privately held general building contractors in the region. A very hands-on manager, Yonah enjoys working with the team as he fulfills a passion for construction and design through ZAHLCO’s innovative developments.

As one of the first 25 LEED Accredited Professionals in the country, Tom Liebel, FAIA, LEED Fellow has been involved in integrating sustainable design principles into a variety of ground-breaking adaptive use and historic preservation projects over the past twenty years. Projects Tom has worked on have received multiple local, state and national awards for design, smart growth, sustainable design and historic preservation. Author, critic and mentor, Tom has consulted on green projects nationally and internationally and has recently authored a chapter on sustainable design for the National Trust for Historic Preservation’s Main Street Program publication, Revitalizing Main Street: A Practitioner’s Guide to Comprehensive Commercial District Revitalization, as well as Industrial Baltimore, an illustrated history of Baltimore’s industrial legacy. Tom currently serves as chair of Baltimore City’s Commission on Historical and Architectural Preservation (CHAP) and previously was chair of the Maryland Green Building Council.

Adam Kleeman has more than 18 years of experience providing audit, accounting and consulting services in the commercial and multi-family real estate industries. Based in CohnReznick's Baltimore office, he has extensive experience working with investors, developers, owners and management companies of various sizes and complexities. This experience includes audits of publicly-traded real estate investment trusts (REITs) and Community Development Entities (CDEs).

Most recently, Adam has focused his efforts on servicing clients that utilize New Markets, historic and low-income housing tax credits to subsidize the financing of real estate projects. He has also managed engagements as the external auditor for publicly traded companies and reported on internal controls over financial reporting as required by the Public Company Accounting Oversight Board (PCAOB).

Education: B.A. – Government and Politics, University of Maryland.