Over the past 15 years, Leon I. Walker, Esq. has spearheaded cutting-edge

community development projects that have generated thousands of new jobs, and

brought grocery stores and health care services into the food and health care deserts

on Chicago’s south side.

Mr. Walker is an innovator who continues to be at the forefront of utilizing new

financing tools and blending funding streams. During his career, Mr. Walker has

structured more than $100 million in New Markets Tax Credits (NMTCs), including at

the award-winning Roseland Medical Center, which was the first project to finance

new construction with NMTCs in Chicago. He was also the first Chicago developer to

use crowdfunding for new construction, raising $500,000 in two days from 61

investors in 26 states as part of the $20 million capital stack for the nationally

recognized Englewood Square retail center, anchored by Whole-Foods.

As the Managing Partner of DL3 Realty, Mr. Walker works closely with municipalities, anchor institutions, and

Fortune 500 companies to implement projects that are sensitive to a neighborhood’s character while creating

economic opportunities for those who live there. Mr. Walker’s projects are more than just bricks and mortar. They

are designed to provide a stimulus that ultimately lifts economic prospects and quality-of-life for local residents. He

calls his work “Venture Development,” as described in a recently released discussion paper that can be

downloaded at dl3realty.com/venturedevelopment.

Current projects include a new Jewel-Osco that will be the first grocery store to come to the Woodlawn community

in over 40 years, helping to accelerate local revitalization efforts underway through the University of Chicago,

Obama Presidential Center and local neighborhood organizations. He recently opened the new UI Mile Square

Health Center in the South Shore neighborhood, collaborating with the YWCA to creatively co-locate critical health

care and child care services at one site to better support the needs of families. He is also collaborating with Central

City Productions to develop the nation’s first National Museum of Gospel Music, a highly inspirational project in the

historic Bronzeville community on the site once occupied by Pilgrim Baptist Church, known as the birthplace of

gospel. Mr. Walker is also leading the effort to develop social innovation hubs in Woodlawn, Chatham and Morgan

Park. These new developments are anchored by some of Chicago’s most seasoned non-profit tenants including a

Lighthouse call center providing 400 new jobs, a new Gift of Hope training center designed to prepare new

candidates for medical careers, and University of Chicago sponsored co-working space for social enterprises.

Given his catalytic projects and investment philosophy, Mr. Walker is often invited to speak to local and national

organizations regarding economic development, Venture Development, and his experience with crowdfunding.

Audiences have included the Chicago Bar Association, Urban Land Institute, American Planning Association,

American Bankers Association, Federal Reserve Bank of Chicago, Polsky Center for Entrepreneurship and

Innovation, International Council of Shopping Centers, and the Entrepreneur Podcast Network.

Mr. Walker serves as a Board member of the Greater Chicago Food Depository, the Marshall Bennett Institute of

Real Estate at Roosevelt University and as a Commissioner of the Roseland Community Medical District. He is a

member of the Economic Club of Chicago, Realty Club of Chicago, International Council of Shopping Centers

Government Relations Committee, and The Business Leadership Council.

Prior to taking on the leadership of DL3 Realty, Mr. Walker worked in corporate real estate services at Jones Lang

LaSalle, and in real estate capital markets at Citicorp Securities. He is a graduate of the University of Chicago’s Law

School and Booth School of Business, and received his Bachelor’s degree from the University of Michigan. He lives

with his wife and two children in the Kenwood historic district on Chicago’s south side.

Stacy Short serves as Vice President and Leasing Director for the Western Division which includes managing the leasing responsibilities for RPAI’s properties ranging from Chicago West to California. Ms. Short joined the Company in August 2010. Prior to joining the Company, Ms. Short was a Vice President with GVA Williams, a retail brokerage firm based in Stamford, CT. Ms. Short represented RPAI and other landlords with their leasing efforts in the State of Connecticut.

Stacy received her bachelor of arts in urban economics from The University of Connecticut and is a credentialed Certified Leasing Specialist (CLS) with the ICSC. She is also a professor at the John T. Riordan School for Retail Real Estate Professionals in Scottsdale, Arizona.

Emi is a Managing Director and Co-Head of Global Investment Research at Heitman. She leads the North American and Asia-Pacific research teams, overseeing strategy development and underwriting for all private equity and debt investments. Emi is also a member of Heitman’s North American Private Equity Investment Committee and Valuation Committee. Additionally, Emi analyzes demographic and technological trends and their impact on real estate investment strategy and portfolio construction. She received a BA with honors in Urban Studies from Stanford University and is a member of the Stanford Alumni Real Estate Council, the ULI Global Exchange Council, the Board of NAIOP Chicago, and the Lambda Alpha Ely Chapter.

Ari Krigel is a Partner in the Real Estate Practice Group and a member of the Food Industry Team.

Ari concentrates his practice in the area of commercial real estate, with an emphasis on acquisitions, dispositions, conventional and public financing, leasing, workouts and development. His experience includes drafting and negotiating purchase and sale agreements, loan agreements, mortgages, commercial leases, forbearance and deed-in-lieu of foreclosure agreements, easements and performing due diligence for real estate transactions. Ari has represented large institutional investors, national and regional lenders and mid-market real estate investment and development companies.

Prior to joining Freeborn, Ari was an Associate at Katten Muchin Rosenman LLP.

REPRESENTATIVE MATTERS

Represented restaurant operator/developer in a 24 property sale/leaseback, and simultaneously closed $20,000,000 in loans secured by the assets of entities operating 63 fast food restaurants, including Taco Bell, Kentucky Fried Chicken, T.G.I. Friday’s, Blaze Pizza, Old Chicago and Long John Silver’s.

Represent real estate fund in the acquisition of $57,800,000 commercial office complex in Norfolk, Virginia.

Represented owner of 400+ unit multifamily development in the negotiations of a $31,000,000 refinancing and construction loan utilized for renovations and the buyout of a minority partner TIC interest.

Represented owner of hotel portfolio in connection with the sale of 15 hotels, including 10 fee properties and the assignment of 5 groundleases.

Represented developer in note purchase, deed-in-lieu of foreclosure, and the subsequent financing, including construction and mezzanine loans, and multifamily development.

Represented company in the acquisition of well-known Lincoln Park restaurant and bar, and the attached apartment buildings. Negotiated the asset and real estate purchase agreement, loan documents and lease, and guided client through the municipal approvals including obtaining the licenses and permits required to operate a restaurant and bar.

Represented a number of retail and commercial office landlords in the City of Chicago and locations throughout the county, and negotiated leases for retail stores, parking lots, and restaurants, and also commercial office leases for large downtown office towers and smaller regional properties.

Alice is a real estate advisory

professional with extensive experience

translating data from the broader

market into actionable project-specific

recommendations.

As part of the Gensler Analytics team, she helps clients

accurately interpret a wide spectrum of data and information

to ultimately develop meaningful project directions based on

objective fact. This often takes the form of market analysis,

economic or financial modeling, program development,

benchmarking, and case study research. She also has extensive

experience in deal structuring and public-private partnerships.

Alice holds Masters degrees in Real Estate Development and

City Planning from MIT and holds an undergraduate degree

in architecture, positioning herself as a conduit between

quantitative analysis and design.

About Peter

College:

George Washington University

Professional Experience:

Balcor Company 1984-1987

First Dearborn Properties 1987-1990

Plymouth Court Properties 1990-1995

Pine Tree Commercial Realty 1995-Present

Aggregate Pine Tree Portfolio:

78 Shopping Centers, $1.01 Billion

Organizations:

Big Brothers/Big Sisters of Chicago (Mentor)

YPO (Real Estate Network Chair 2012-2014)

ICSC

ULI

NAREIM

Deerfield AYSO

Deerfield Youth Baseball Association

Boards:

Big Brothers Big Sisters of Chicago

Standard Club of Chicago

Harold Eisenberg Foundation

George Washington University Center for Real Estate Advisory Board

Marquette University Center for Real Estate Advisory Board

Deerfield Park Foundation

Richard H. Tucker, CEO, formed Tucker in March 1996. Tucker draws on Mr. Tucker’s 39 years of

experience in the development, redevelopment, financing, leasing, and management of real estate

assets. Utilizing his expertise, Mr. Tucker has developed and/or acquired over ten million square feet

valued in excess of $1 billion. Mr. Tucker is a leader in various influential industry associations. His

leadership roles include past Co-Chair of the National Open Air Committee; past Director of the Illinois

State Committee; and past Chairman of the Illinois governmental Affairs Committee. Mr. Tucker is also

an active member of both the International Council of Shopping Centers (ICSC) and the Urban Land

Institute (ULI) and serves as a frequent panelist at various national real estate conferences and other

educational forums.

Joe Girardi is a Principal with Mid-America Real Estate’s Investment Sales Group, focusing specifically on the sale of retail properties. He has been directly involved in the completion of over $5 billion of investment sale transactions with a focus on urban retail and suburban shopping centers.

Mr. Girardi has worked on a variety of assignments throughout the United States on behalf of private clients, public REIT’s, and institutional advisors including Apollo Real Estate Advisors, Blackstone Group, LaSalle Investment Management, RREEF, Regency Centers, Kimco Realty, Acadia Realty Trust, Lexington Corporate Properties Trust, Heitman, Grosvenor, Equity Group Investments, Weingarten Realty Investors, and Clarion Partners.

Mr. Girardi graduated with honors from North Carolina State University in Raleigh, North Carolina. While at North Carolina State University, he earned a Bachelor of Arts Degree in Business Administration with a concentration in Finance. He is a licensed Real Estate Broker in the State of Illinois, as well as a member of the International Council of Shopping Centers.

Mr. Melaniphy is the Director of Economic Development for the Village of

Wheeling engaged in all facets of economic development, business attraction,

business retention, marketing, grant administration, market feasibility analysis

and business incubator programs. Preparation of comprehensive economic

development strategies and implementation plans to meet short range and long

range objectives.

Mr. Melaniphy spent 20 years at Melaniphy & Associates, Inc., three years at

Mid-America Development Partners and four years at the Village of Arlington

Heights prior to joining the Village of Wheeling.

Mr. Melaniphy directed multiple development projects including lifestyle centers,

big box centers, hotels, and mixed-use developments. Some of the projects he

has been involved in during his career include the Mall of America, Navy Pier,

Bayshore Town Center, Easton Town Center, Town Center of Virginia Beach,

Algonquin Galleria, Naperville Galleria, Hilldale Mall, Collin Creek Mall,

Cottonwood Mall, Southridge Mall, Paradise Mall, Market Commons of Myrtle

Beach, and many others. He has assisted numerous retailers, restaurants, and

entertainment venues with their site selection strategies both nationally and

internationally.

David Pezza is a partner in the firm’s real estate group and is located in White & Case’s Chicago office. Mr. Pezza’s practice focuses on sophisticated real estate transactions, including the representation of private and institutional investors, and owners and developers in connection with the acquisition, disposition, development and financing of commercial real estate properties. He has also been involved in the negotiation and structuring of joint-venture agreements with respect to the various transactions he has been involved in.

Mr. Pezza’s experience includes a wide range of asset types, including mixed use projects, land for development, retail properties, office buildings and hospitality projects.