Jeff is responsible for expanding joint venture opportunities and overseeing a pipeline that exceeds $1 billion of mixed-use and multifamily developments throughout the Mid-Atlantic region. He has led the development of various communities, including Liberty Harbor East, Anthem House, Cathedral Commons, Union Wharf, The Fitzgerald, Flats170 at Academy Yard and Arbors at Arundel Preserve.

Prior to joining Bozzuto in 2004, Jeff was Director of Development for Signature Properties in Baltimore City. Jeff is an active member of the Urban Land Institute, a board member of the inner-city youth UMAR Boxing Program: “No Hooks Before Books,” and the multifamily council chair for the Maryland Building Industry Association. He holds a Bachelor of Architecture from the University of Maryland, College Park where he graduated magna cum laude and he co-founded the school’s Real Estate Development Club.

Drew heads The Martin Architectural Group's commercial division, managing a spectrum of retail and mixed-use commissions from grocery anchored strip fit-outs to overall master planning and design of regional lifestyle centers. Drew maintains a hands-on approach with his projects – from design and construction documents through construction administration. His duties specifically entail client representation during construction and leasing efforts. In addition to the composition of Lease Outline Drawings, Tenant Manuals, and tenant fit-out permit and construction documents, he can provide tenant coordination between fit-out and shell documentation as well.

Chickie Grayson is president and chief executive officer of Enterprise Homes, Inc. She has more than 30 years of experience

in the development of housing for people from all walks of life.

Since 1987, when she began her career with Enterprise, Chickie has established a reputation for building high-quality,

affordable, workforce and market-rate rental and for-sale homes. Enterprise Homes has a successful track record in

large-scale master planning, undertaking and completing complex mixed-income housing developments in both urban and

suburban areas in the Mid-Atlantic region. Enterprise Homes also has extensive experience in layered financing to achieve its

goals by working with private institutions and federal, state and local officials. To date, Enterprise Homes has developed

over 6,200 for-sale and rental homes, including more than 2,000 homes that meet the Enterprise Green Communities Criteria.

Chickie has been honored with a Lifetime Achievement Award by the Baltimore District Council of The Urban Land

Institute (ULI). She has also received the HOPE Leadership award for her achievements and dedication to providing

homeownership opportunities for minorities, and has been recognized by The Daily Record as an "Influential Marylander in

the field of Real Estate." Under her leadership, Enterprise Homes and its developments have received numerous awards,

including U.S. Green Building Council Neighborhood Development Awards for Excellence in Green Building, a HAND

Award for Best Development of the Year in the District of Columbia, an NAHB Multifamily Pillars of the Industry Award

for Workforce Housing, and an Excellence in Community Development Award from the MBIA Land Development Council.

Chickie is a graduate of the University of Maryland, where she earned her bachelor’s degree and master’s degree in urban

affairs. She serves on the board of the Maryland Affordable Housing Coalition (MAHC), and is the current president.

Chickie also serves on the Board of the Parks and People Foundation. Chickie has served on the Affordable Housing

Advisory Councils of the Federal Home Loan Bank of Atlanta and the Federal National Mortgage Association.

Mr. Fidler is a respected member of the Maryland business community. He is Co‐Chairman of

Chesapeake Realty Partners, a diversified real estate development business, Founding Partner of

Boulder Ventures, a venture capital fund active in the Mid‐Atlantic and Colorado, and President of the

family office for the Macks and Fidler families.

Chesapeake Realty Partners has developed nearly 10,000 apartments. CRP is presently building Avenue

Grand at White Marsh – 324 units adjoining The Avenue and White Marsh Mall in Baltimore County;

SouthLake Apartments – 325 units in a 1,300 home PUD developed by CRP and The Michaels Company

in Bowie, Maryland; and Woodmore Grand – 163 units in Woodmore Town Center, Prince George’s

County. Recent projects include: Belvoir Square – 283 apartments and 10,000 s.f. of retail space in Fort

Belvoir, VA; Waterside at Reston – 276‐units in Reston, VA; Paragon Columbia – 320‐units in Columbia,

MD; The Winthrop – 295‐units in Towson, MD; 1901 South Charles – 193‐units in South Baltimore, MD;

and 2 East Wells – 153‐units with 6,000 s.f. of retail space in South Baltimore, across from our 1901

South Charles Street location.

In 1998, the Macks and Fidler families contributed 3,300 apartments to Home Properties (NYSE: HME) in

an UPREIT transaction. He served on the HME Board from 2004‐2011. In 2018, he contributed 670 units

in 3 communities to BroadTree Residential, a successor to Home Properties, in another UPREIT

transaction. He now serves on the BroadTree Board.

CRP has also developed more than 30,000 lots and was the largest non‐national home builder in the

Baltimore metro area into the '90's. Current for‐sale projects include: SouthLake (described above);

Coastal Village and Saltwater Landing – 800+ lots in Selbyville, DE; Creekside Village – 820 lots developed

with ATAPCO Properties in Glen Burnie, MD; Simpson Oaks – 184 lots in Columbia, MD; Banyan Bay –

305 lots on a 251‐acre waterfront property in Stuart, FL (Martin County); Parkeside Preserve – 70 single‐

family homesites and 86 townhome lots to be developed in Annapolis, MD; and Severn Meadows – 116

townhomes in Crestwood, MD.

Other active real estate projects include: WeWorkU (the first WeWork co‐office community on a

University campus at University of Maryland, College Park); and numerous self‐storage projects under

the RightAway Storage brand.

Mr. Fidler is also an active venture capital and private equity investor. He is Chairman of Private Client

Resources and serves on the Boards of AgriFiber, BroadTree Residential, and BurnAlong. He was a

member of the Board of First Mariner Bank from its recapitalization in 2013 until its merger into Howard

Bank in 2018.

Mr. Fidler serves on the Board of Johns Hopkins Medicine, is Vice Chair of The Baltimore Community

Foundation, and an officer of The Associated: Jewish Community Federation of Baltimore. In 2016‐17,

he offered monthly Public Commentary on WYPR radio and sponsors “Future City” with Wes Moore,

also on WYPR. Mr. Fidler also held leadership positions in numerous other community organizations.

Mr. Fidler received his law degree from New York University School of Law (cum laude) and his BA from

Brown University.

Mr. Fidler and his wife of 41 years, Genine Macks Fidler, are residents of Naples, FL.

JM Schapiro is the third-generation leader of Continental Realty Corporation (CRC), a diversified real estate company co-founded by his grandfather and father. JM has served as Chief Executive Officer of CRC since 2002.

Headquartered in Baltimore and founded in 1960, CRC is a full-service commercial real estate investment and management company. The privately-owned firm owns and manages a diversified portfolio of retail shopping centers consisting of more than 3 million square feet of space, as well as apartment home communities featuring more than 8,000 multi-family apartment homes. Positioned throughout the Mid-Atlantic and Southeast, the value of the portfolio exceeds $1.5B.

JM’s family connection to Baltimore extends back to his great-great-grandparents arrival from Europe in the early 1900s. JM was born in Baltimore and lived in Baltimore City until he was four years old on West Lanvale Street in Bolton Hill. JM graduated from Bucknell University in 1991 and joined CRC before leaving for several years to develop his own skills running the real estate department at Sylvan Learning Systems.Screen Shot 2015-11-03 at 9.43.05 AM

JM received a Master’s Degree in Real Estate in 1995 from Johns Hopkins University.

He rejoined CRC in 1998 and, after progressing up the ranks, was named President and CEO in 2002.

Under JM’s leadership, CRC has more than doubled in size and acquired in excess of $1 billion in real estate.

In addition to his role at CRC, JM currently serves as a member of the LifeBridge Health Board, the Board of Cristo Rey Jesuit High School, and the Board of The Park School, where he is also an alumnus. He is actively involved with The Associated Jewish Charities (‘The Associated’) where he serves on the Board of Governors and chaired its 2014/2015 Capital Campaign.

Through The Associated, JM was named the recipient of the 2008 Julius Rosenberg Award and the 2010 Harry Greenstein Award. He is the Washington/Baltimore Chapter Chair Emeritus for the Young President’s Organization (YPO), the former Network Chair for the YPO Real Estate Industry Network, and was named a 2014 Ernst & Young Entrepreneur of the Year in the Real Estate and Construction category.

JM lives in Baltimore County with his wife, Mindy, and two sons, Landon and Harrison, where they are active members of the community and committed to philanthropic endeavors in the surrounding region.

A founding principal of Somerset Development, Mr. Campbell has led the company in identifying, analyzing and packaging the financing of Somerset’s real estate development portfolio valued at $429 million with over 1,750 multi-family residential units with retail units and new community buildings. He has special expertise in forging public-private partnerships and affordable housing development, including Low Income Housing Tax Credits, Historic and New Markets Tax Credits, and federal, state, and local housing finance.

Prior to starting Somerset, Mr. Campbell served for eight years at the AFL-CIO Investments Trusts, primarily as the Chief Investment Officer. The Investment Trusts consist of two-co-mingled real estate investment funds: the Housing Investment Trust and the Building Investment Trust. Together the Trusts invested approximately $1 billion of pension capital per year in new housing and commercial real estate projects.

Prior to joining the Trusts, Mr. Campbell was Vice President for Development for Related Companies Northeast, a private developer of housing in the Boston area. Mr. Campbell has managed economic and housing developments for city and state governments; among them, the highly successful $1 billion, mixed-use redevelopment of the East Cambridge Riverfront. He has served as the executive Director of a non-profit community development corporation. Mr. Campbell has a Master’s Degree in City and Regional Planning from Harvard University.

Since joining the Martin Architectural Group in 2007 Dan has focused his efforts on Multi-Family Residential and Mixed-Use projects. His responsibilities include: client representation, project proposals, conceptual designs, construction documentation, coordination and on-site construction administration. From concept meeting to project close out, Dan works directly with the client and the design team to integrate building design. He regularly attends industry events, is jointly responsible for business development and is an active public speaker. Prior to joining The Martin Architectural Group, Dan led a twelve-person team as a Studio Leader at Toll Brothers, primarily on residential and clubhouse projects. He is a graduate of Drexel University and a member of ULI, NCARB, NAHB, Delaware Green Building Council and ICSC. Two of Dan’s passions are supporting and more often than not, judging the “Build a House...Build a Dream" event for Habitat for Humanity and getting a team together and raising awareness and dollars for the “The Dude Hates Cancer” event.

Catherine has 15 years of real estate development and community development experience, including public and private sector experience. At Telesis, she is responsible for the management of a large scale, multi-phase neighborhood redevelopment project and oversees both homeownership and multifamily rental development. Catherine has responsibility for projects throughout the development life-cycle, from conception through lease-up or sale. She has extensive experience working with community partners and meeting with community groups and leads multi-disciplinary teams of design, finance and construction professionals on both single-family homeownership projects and mixed-income and mixed-finance redevelopment projects. Catherine came to Telesis from the New York City Department of Housing Preservation and Development (HPD) where she served as the Program Manager of HPD’s HUD Multifamily Preservation Loan Program. In this capacity, she was responsible for the direction of a new loan program targeted to finance the rehabilitation of large distressed multifamily buildings. Prior to that, she was a Project Manager in HPD’s Division of Special Needs Housing. From 2003 to 2005, she was a Presidential Management Fellow with the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). Catherine is a graduate of the University of Notre Dame and received her Master of City Planning from the Massachusetts Institute of Technology.

As Vice President, Eric is responsible for the organization and execution of the comprehensive multifamily development process, and coordinating the efforts of the construction, design, and development teams. He is currently managing multiple development projects in both Anne Arundel County, Maryland and Fairfax County in Virginia. Eric has overseen more than $500 million in development projects including Crosswinds at Annapolis Towne Centre and The Beacon at Waugh Chapel.

Eric has been actively involved with the Big Brother Big Sister program for over 10 years, and holds positions on the Board of Directors for both Live Baltimore and The Creative Alliance. Eric holds a bachelor’s degree in political science from the University of Vermont, a master’s degree in real estate development from The Carey School of Business at Johns Hopkins University, and is LEED Accredited in building design and new construction.

Dickens is responsible for the acquisition and development of land in Baltimore, Carroll, Cecil, Harford and Howard Counties, Maryland and York County in Pennsylvania. He was HBAM Developer of the Year in 2003 and is a past President of the Land Development Council. Dickens has served as the Vice President of the State Home Builders Association of Maryland (HBAM) and is the incoming HBAM President for 2014. Dickens joined Elm Street Development after receiving an MBA degree from the University of North Carolina. He is a registered professional engineer and received a BS in Mechanical Engineering from Virginia Tech.

Stephanie Williams, President of Bozzuto Management Company and Operating Partner of The Bozzuto Group, has remained focused on providing extraordinary experiences to residents, clients, partners and employees of the company since joining the company in 2004.

She directs the operations and an array of specialized initiatives for an apartment portfolio of 77,000 units across over 265 properties in the Northeast, Mid-Atlantic, Midwest and Southern regions. In 2017, Stephanie earned the Multi-Housing News Excellence Award for Executive of the Year, was named Minority Business Leader by Washington Business Journal and was honored as a member of Baltimore Business Journal’s Top 40 Under 40. In 2018, under Stephanie’s leadership, Bozzuto Management Company was awarded #1 Property Management Company by the National Association of Home Builders. Stephanie is Board member of the Real Estate Executive Council and an active member of the Urban Land Institute, and the District of Columbia Building Industry Association.

Mr. Poverni’s expertise encompasses structuring and managing of the development life cycle, from project feasibility studies, to site control, financing, syndication, construction management, asset stabilization and disposition. Mr. Poverni founded the firm in 2011 and continues to be the driving force behinds its growth, and is thankful for the talented people that work at PSG to help make its’ projects and business lines a success day-in and day-out. Mr. Poverni holds a J.D. from the George Washington University, and an M.B.A from the University of Maryland.

Brad founded the Jabber Five Real Estate Group in 2006 and is responsible for the strategic decisions necessary to effectuate a successful transaction. Brad dedicates his time to identifying and underwriting prospective acquisitions and dispositions. He also actively seeks to cultivate and foster new and existing relationships with well respected participants within the capital stack.

Prior to the creation of Jabber Five, Brad worked from 2004-2006 at LNR Property Corporation in Miami Beach as a Loan Asset Manager. There, he managed a portfolio of performing and non-performing securitized loans. In two years, Brad resolved over 120 loans with an aggregate loan balance of approximately $1 billion.

From 2002-2004, Brad worked as an Associate at The Ackman-Ziff Real Estate Group in New York City where he structured senior and mezzanine debt as well as joint-venture equity. He participated in over $500 million of real estate financings including acquisitions, recapitalizations, joint-venture equity arrangements and note sales.

From 1999-2001, Brad worked as an Acquisitions Analyst at Equity One, Inc., one of the largest retail REITs in the country. At Equity One, Brad was involved in the acquisition of two REITs with an aggregate portfolio of over 50 grocery-anchored shopping centers valued at approximately $450 million at that time.

Brad holds a Master of Science in Real Estate Finance from New York University and a Bachelor of Arts from The University of Michigan and is a licensed real estate broker in the State of Maryland.

Brad is an active member of the Baltimore Angels, the Mount Vernon Belvedere Association, the Charles Street Development Corporation and the International Council of Shopping Centers.

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.

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

Andrea "Dee" McClure, managing director, is responsible for all aspects of financing including structuring, origination, closing and deal management for Agency transactions.

Ms. McClure has more than 25 years of experience and has originated over $2 billion in Agency financings throughout her career. A frequent panelist and speaker at many of the industry’s core conferences, she is actively involved in the Urban Land Institute (ULI) and serves a vice-chair of the Multifamily Blue Product Council. She is also a member of the National Multi Housing Council (NMHC) and NMHC’s Government Investment Credit and Subsidy Subcommittee. Additional, Ms. McClure is active in the National Leased Housing Association (NHLA) and the Mortgage Bankers Association (MBA), the leading national trade association representing the lending community. Ms. McClure is the past chair of MBA’s Multifamily Committee, Steering Committee and the FHA Insurance Subcommittee, and continues to be involved in legislative, regulatory and policy issues affecting multifamily and healthcare finance. She holds the Certified Mortgage Banker (CMB) designation.

Prior to joining Walker & Dunlop, Ms. McClure served as senior vice president at CWCapital LLC where she played an integral role in the firm’s FHA lending strategy and multifamily and healthcare lending programs.

One of the most dynamic professionals in Maryland Real Estate over the last two decades, Billy Yerman has made a lifetime out of the safe transfer of real property. He is a past president of the Maryland Land Title Association and of the Greater Baltimore Board of Realtors. In his long career Billy was CEO of Fountainhead Title and The Strata Group, an organization that encompassed a residential real estate firm, two title companies, a mortgage group, and a personal finance company. In addition to his business pursuits, Billy has given back to the community as a passionate advocate for the next generation by serving on the Board of Trustees of Garrison Forest School and as a past Chairman of the Board of Junior Achievement of Central Maryland. Billy is a graduate of Emory University in Atlanta, and the University of Maryland School of Law.

Scott Zimmerly is Director of the Mid-Atlantic Region for Wood Partners managing the development and financing for projects in northern Virginia, Washington DC, Maryland, Delaware and Pennsylvania. He has been involved in the sourcing, development and financing of more than 2,600 units with a total capitalization in excess of $600 million.

Before joining Wood Partners in 2006, Zimmerly spent five years in the investment banking industry in New York and Maryland, where he focused on mergers and acquisitions across a multitude of industries. He also has experience working in the acquisitions department of Washington Real Estate Investment Trust.

Zimmerly received his MBA with a real estate concentration from the University of North Carolina's Kenan-Flagler Business School. He graduated from Washington and Lee University, with a bachelor’s degree in Business Administration. Zimmerly is a previous Board Member and Vice President of the Baltimore Waterfront Rotary Club and is currently a young leader in the Urban Land Institute's Baltimore Chapter.

Steve Strazzella oversees the day-to-day activities for the apartment and for-sale homes group. Between these two companies, The Bozzuto Group has developed more than 45,000 rental units from urban high-rise properties to affordable housing and built more than 5,600 townhomes, condominiums and single family homes in 56 communities through the Mid-Atlantic and Northeast regions.

Steve has been actively involved in the real estate industry since 1989, having managed more than $1 billion in real estate construction and development projects for some of the largest firms in the country.

Steve is a board member of the Washington DC Building Industry Association; an active member of the Urban Land Institute, The Economic Club of Washington DC and past President of the Washington Real Estate Group. Steve holds a bachelor’s degree in civil engineering from The Catholic University of America. A Washington, D.C. native, Steve currently resides in the District with his wife and three children.

Mike Schlegel is President of Bozzuto Construction Company, the general contracting division of The Bozzuto Group. Since joining the company in 1999, Mike has overseen the construction of more than 20,000 multifamily units and over 1 million square feet of retail, along with public and private infrastructure projects with an aggregate contract value exceeding $3 billion. Prior to joining Bozzuto Construction Company, he was a Vice President with Clark Builders Group. Mike serves on the Board of Directors for the Housing Association of Non-Profit Developers (HAND), Montgomery Housing Partnership (MHP), the Maryland Center for Construction Education & Innovation, and the Virginia Tech Myers-Lawson School of Construction. He holds a bachelor’s degree in building construction from Virginia Tech, lives in Bethesda with his wife and two children, and is an avid skier and mountain biker.