David Buck serves as Executive Managing Director for USAA Real Estate Company. Having first joined the company in 1996, David has been a leader of the company’s logistics development capital program since 2002, with primary responsibility for logistics development on a national level and most recently has expanded his role to include responsibility for development within Central Europe and the United Kingdom. David has been directly responsible for more than 45 million square feet and $2.75 billion in new bulk logistics development during this period.

Under Smietana’s supervision, HSA’s diversified management portfolio has consistently ranked in the top 10 in Chicago and grown to include more than 16 million square feet of office, industrial, retail and corporate facilities in 14 states.

Smietana has completed more than 75 commercial developments comprising more than 20 million square feet and valued at $2 billion. His diverse development experience, which began in 1978, includes industrial, retail, hotel, suburban and urban office, senior housing and medical office. He has been responsible for all phases of real estate, including land acquisitions, entitlements, design development, financing, construction management operations, property and asset management, and brokerage.

Paul D. Loosmann is Chief Operating Officer and Executive Vice President of GLP and has served on the executive management team since June 2011 with GLP’s predecessor, IndCor Properties. Prior to joining the Company, Mr. Loosmann served in various roles of increasing seniority at Prologis, Inc., including Senior Vice President and Regional Director of the East Region from April 2008 to June 2011. Mr. Loosmann received his B.A. in Political Science from the University of Rochester and his Management Certificate in Marketing from the William E. Simon Graduate School of Business.

Mr. Harris, CFA is President of Gramercy Property Trust. Prior to joining Gramercy in July 2012, Mr. Harris was Managing Director and Head of U.S. Investments at W. P. Carey & Co. Mr. Harris joined W. P. Carey in 1998 and became Head of U.S. Investments in 2005. He is a member of the NY Society of Securities Analysts. Mr. Harris graduated with joint degrees in Economics from University of Kings College and Dalhousie University in Canada.

Mr. Ferdinand Seefried founded Seefried Properties in 1984 to develop industrial real estate,

focusing on locations near airports and targeting international freight forwarding and

transportation companies.

With Mr. Seefried's close ties to European financial institutions and leading international freight

forwarders, the company quickly emerged as the leader in warehouse development around

Hartsfield-Jackson Atlanta International Airport. Mr. Seefried has expanded from his origins as a

European capital investor in Southeastern U.S. commercial real estate to become one of the most

active builders of highly functional distribution and warehouse facilities in the United States.

Starting in the 1990s Mr. Seefried expanded his successful business to Orlando, Tampa, Dallas-

Ft. Worth, Houston, Phoenix, Los Angeles, Salt Lake City, Chicago, and Washington, D.C.

Seefried Properties is now actively developing bulk distribution and air cargo warehouses in all

these markets. Mr. Seefried's vision for the company is to grow a significant presence in all

major U.S. distribution markets. The company has developed 60 million square feet of industrial

properties and is managing over 25 million square feet of warehouses.

Prior to starting Seefried Properties, Mr. Seefried served as an executive for Transatlantic Group,

a European based real estate advisory group. He was responsible for the acquisition and property

management of a commercial real estate portfolio in excess of $450 million.

Mr. Seefried has served as a diplomat for his native Austria since 1989. He is Honorary Consul

General of Austria for Georgia, Alabama and Tennessee. He is a member of the Capital City

Club Atlanta, the US Austria Chamber of Commerce New York and holds a Director position in

Stonebranch, Inc., Atlanta. Mr. Seefried is also a member of the Advisory Council of Emory

University, Department of German Studies and a board member of the Goethe Zentrum Atlanta.

Mr. Seefried holds a master's of business administration from the University of Munich.

Brandi Hanback is Executive Vice President of Industrial Development and Head of FTZ, Trade & Logistics for the Rockefeller Group. Ms. Hanback leads the industrial development activities of the Rockefeller Group’s regional offices covering the Northeast, Southeast, Midwest, West Coast, Southwest and Northwest. She is based in the Mid-Atlantic and is a member of the company’s corporate and strategic executive management team headquartered in New York and also serves on the company’s Investment and Portfolio Committees.

Ms. Hanback is responsible for Rockefeller Group’s port strategy and has experience working directly with tenants and clients on supply chain requirements. She also oversees the company’s longstanding FTZ division, which works directly with tenants and clients on a consulting basis as needed on complex international trade, logistics and customs matters. Rockefeller Group’s tenants and clients include large multinational manufacturers and distributors engaged in importing and exporting.

Prior to joining Rockefeller Group in 2003, Ms. Hanback was a Senior Manager and Area Leader at KPMG LLP in Washington, DC. Ms. Hanback also served for 10 years as Executive Director of the National Association of Foreign-Trade Zones. In this capacity, she represented the interests of FTZ grantees, operators, and users through interaction with officials in the U.S. Department of Commerce, U.S. Treasury Department, U.S. Customs & Border Protection, Office of the U.S. Trade Representative, and key congressional committees involved in international trade.

Ms. Hanback holds a Juris Doctorate and is admitted to the bars of Maryland, District of Columbia and the U.S. Supreme Court. She holds a master’s degree in international transactions, is a licensed Customs Broker and an Accredited Zones Specialist. Ms. Hanback is a former Chairman of the Board of Directors of the National Association of Foreign-Trade Zones.

Mr. Butcher has served as our Chief Executive Officer, President and Chairman of the Board of Directors since July 2010. Prior to the formation of our company, Mr. Butcher oversaw the growth of our predecessor business, serving as a member of the Board of Managers of STAG Capital Partners, LLC, STAG Capital Partners III, LLC, and their affiliates from 2003 to 2011. From 1999 to 2003, Mr. Butcher was engaged as a Private Equity Investor in real estate and technology. From 1997 to 1998, Mr. Butcher served as a Director at Credit Suisse First Boston, where he sourced and executed transactions for the principal transactions group (real estate debt and equity). Prior to that, he served as a Director at Nomura Asset Capital from 1993 to 1997, where he focused on marketing and business development for its commercial mortgage-backed securities group. Mr. Butcher serves as a member of the board of trustees and a member of the audit committee and compensation committee of Washington Real Estate Investment Trust (NYSE:WRE), an owner of office, multi-family and retail properties in the greater Washington, D.C. metropolitan area. Mr. Butcher holds a Bachelor of Arts degree from Bowdoin College and a Master of Business Administration degree from the Tuck School of Business at Dartmouth.

Chris Caton is the Head of Global Research for Prologis. He oversees Prologis’ formation of global macroeconomic, capital market and industrial fundamental trends and outlooks. Caton joined Prologis in 2012, and prior to that, he served as vice president in Morgan Stanley's research department tracking global commercial real estate and REIT investment environments.

D. Reid Townsend has 20 years of experience in commercial real estate development and investment. He co-founded MRP Industrial in 2013 and has primary responsibility for the sourcing, design, construction, leasing and overall financial performance of the company’s portfolio. In his career, Reid has managed the development of over 12 Million square feet of commercial real estate with a stabilized value of nearly $1.5 Billion.

Prior to MRP Industrial, Reid founded the Maryland/Pennsylvania office as a Partner at Panattoni Development Company. During his five years at Panattoni, he grew the local operation into the most profitable business unit within the company, establishing a pipeline of over 4.5 Million square feet with a stabilized value in excess of $350 Million. Prior to joining Panattoni, Reid worked with the founding partners of MRP Realty at Trammell Crow Company in Washington DC. During his eight years there, Reid served the firm’s institutional capital partners on a wide variety of office, industrial and health care projects. He began his career as a Project Manager with The Whiting-Turner Contracting Company in Baltimore.

Reid received his B.S. in Civil Engineering from Clemson University and MBA from the University of Virginia’s Darden School of Business.

Mr. Fitzgerald is responsible for providing strategic direction, evaluating investment decisions and utilizing relationships to source transactions. He has been instrumental in raising three investment funds and their co-invest/joint venture programs for Exeter totaling $1.5 billion to serve pensions, endowments, fund of funds and insurance companies across North America, Asia and Europe. In addition he has overseen the acquisition and management of 150 transactions and over $3.0 billion of investments across the United States. Prior to Exeter, Mr. Fitzgerald worked for Malvern, Pennsylvania-based Liberty Property Trust for 14 years from 1993 to mid-2006, where for the last seven years he was Northeast Regional Director. This region, Liberty’s largest, included 180 industrial and office properties comprising approximately 15 million square feet of commercial space valued at an estimated $2.5 billion. During his tenure as Regional Director, Mr. Fitzgerald oversaw all aspects of acquisitions, asset management, development, leasing and property management. In addition, Mr. Fitzgerald was part of the senior management team that restructured Liberty’s finances and took the predecessor company public in 1994. Prior to Liberty, Mr. Fitzgerald worked in the Real Estate Consultancy group at Coopers & Lybrand from 1989 to 1992 with a focus on Resolution Trust Corporation (RTC) workouts and bankruptcy and creditor committee representation. Mr. Fitzgerald graduated from the University of Notre Dame with a BA degree in Business Administration and earned an MBA from Harvard Business School.

Patrick V. Ryan, has 24 years of real estate experience and has been employed by Cabot for 17 years. Mr. Ryan is responsible for the initiations of all investments for Fund V. Mr. Ryan is also responsible for sourcing and closing industrial property investments in Maryland, New Jersey and Virginia. In addition, he reviews all of Cabot's development activity. Mr. Ryan has completed $990 million of Investment Cost in value-add in transactions since his time as an investment officer at Cabot. Prior to 2004, Mr. Ryan led Cabot's research efforts, and was the Senior Development Analyst from 2000 to 2001. Mr. Ryan began his real estate career in 1992 with General Investment & Development Company, holding various property management positions until 1998. Mr. Ryan holds a Bachelor of Arts degree from Boston College and a Master of Business Administration from Boston University.

David serves as President of Conor Commercial Real Estate and is a member of the firm's Executive Committee, Investment Committee and Advisory Board of Directors.

As President, he is responsible for the management and leadership of the firm’s development and investment activities nationwide. He works hand-in-hand with Conor Commercial’s development professionals throughout the firm’s Chicago, Dallas, Houston, Phoenix and Southern California offices to secure opportunities within the industrial, office, multi-family and healthcare market segments.

With nearly 30 years of industry experience, David contributes to the firm’s current and long-range goals by implementing plans and policies to drive growth and capacity. He ensures that Conor Commercial’s development activities, business plans and budget requirements are consistent with the overall objectives of the company. He offers expertise in assessing risks and opportunities, formulating investment strategies and maximizing organizational structures to support business initiatives. David is recognized for his unique approach to raising capital and cultivating industry relationships resulting in a positive reputation and profile within the institutional investor community.

Mr. Clewlow became Chief Investment Officer in January of 2005, after serving as Senior Vice President of Investments. He joined CenterPoint in 1997 and oversees investment activity for the Company. Additionally, he managed CenterPoint Venture, a joint venture of the company and the California Public Retirement System (CalPERS), the nation's largest pension fund, which ultimately purchased the company in 2006. Mr. Clewlow has been involved in industrial real estate since graduating from the University of Illinois, Urbana-Champaign in 1985. He worked for CBRE as an industrial real estate broker for 11 years serving the Chicago area and joined CenterPoint in an acquisitions capacity. Mr. Clewlow received his Master’s in Business Administration in 2004 from Kellogg's Graduate School of Management at Northwestern University. Mr. Clewlow is a member of NAIOP Chicago and served as the organization’s President in 2012. Mr. Clewlow was appointed by the Governor of the State of Illinois to serve as a Commissioner on the Illinois Medical District.

Mr. Yap is the Chief Investment Officer and a co-founder of First Industrial Realty Trust. He directs the overall investment and disposition strategy of the Company, including the approval process, for both on-balance sheet and joint venture transactions. During Mr. Yap's career with First Industrial, he has overseen the underwriting and execution of more than $12 billion of industrial real estate transactions. He is also responsible for management of the Company's West Region portfolio and personnel.

Mr. Yap has led the sourcing and structuring of more than $1 billion of UPREIT investments that established the Company's national platform. He has also directed the formation of several joint ventures, which have significantly expanded First Industrial's franchise.

Prior to joining First Industrial, Mr. Yap worked for The Shidler Group where he was responsible for financing, construction management, leasing, asset and property management, and sales.

His professional affiliations include the Urban Land Institute (ULI) and the National Association of Real Estate Investment Trusts (NAREIT). Mr. Yap also serves on the Board of Advisors of the James A. Graaskamp Center for Real Estate at the University of Wisconsin.

Mr. Yap earned his Masters of Business Administration and Masters of Architecture from the University of Illinois Champaign-Urbana and his Bachelor of Science in architecture from the University of the Philippines.

Erik is a Principal of Avison Young and the Practice Leader of the firm’s Industrial Capital Markets Group. He oversees a national team providing asset advisory, disposition, equity sourcing, development capitalization and sale-leaseback services to a wide range of institutional and privately held commercial property owners across North America. With more than 20 years of experience and $4 billion in transactions, Erik has built a strong track record in the industrial, healthcare and office property sectors. He frequently is selected to advise institutional investors on sales of multi-market portfolios and individual asset assignments throughout the U.S. and internationally. Erik often is called upon to provide market commentary to national, regional and local media outlets and is a frequent speaker at national commercial real estate industry events.

John F. Reinhart is the CEO and executive director of the Virginia Port Authority (VPA). He is responsible for the broad programmatic areas of business development and growth, strategic marketing, finance, and operations of Virginia’s marine terminal facilities: Virginia International Gateway, Newport News Marine Terminal, Norfolk International Terminals, Portsmouth Marine Terminal, Richmond Marine Terminal and the Virginia Inland Port. “Fundamentally, we base the organization on values and work to focus colleague behaviors on those values each and every day. The goal is to reinvent the port and accelerate the evolution of the port in order to become a catalyst for commerce and economic development and improve competitiveness in a global marketplace.” He leads the port with emphasis on maintaining integrity and respectfulness amongst colleagues, as well as the importance of being “a good corporate citizen to the community.” Since becoming CEO, John has worked to understand the public community in addition to the private sector in order to serve all of the constituents of the Commonwealth. He enjoys managing a team that is building confidence within the company, the customer base, and the community. He says it is essential to communicate the challenges that the organization has overcome to achieve success in order to demonstrate the hard work of the entire company and continue raising trust and respect in the port. “It’s very satisfying to have the opportunity to watch people grow, to see the organization mature, to create economic vitality for Virginia and to prepare for a better tomorrow.” Prior to joining the VPA, John worked for the Maersk organization for 23 years. He served from 2000-2014 as CEO of Maersk Line, Limited (MLL) and a member of the board of directors. During his career with Maersk, he held the positions of President, UMS, senior vice president and regional director. After retiring from Maersk, John began his tenure with VPA in February 2014. John currently serves on multiple regional boards including the Hampton Roads Transportation Accountability Commission, Marine Transportation System National Advisory Council, Hampton Roads Business Roundtable, Hampton Roads Chamber of Commerce Regional Board and Nauticus Foundation. His awards and honors include: Virginia Business Magazine’s 2016 Business Person of the Year, 2015 Merchant Marine Medal for Outstanding Achievement, 2014 Colgate W. Darden, Jr. Scouter Citizen of the Year, 2009 Seafarer’s International House, Outstanding Friend of the Seafarer and the 2007 Admiral of the Ocean Sea Award. John received his bachelor’s degree in general studies and political science from Ohio University and later earned his Executive MBA from the University of Michigan.

Larry has been an active industrial park developer since the late 1970’s and has been a partner with Clayco since the late 1980’s. In this time, Larry has developed over 7,200 acres of land and delivered over 16 million-square-feet of Industrial assets. Larry’s technical expertise and extensive experience in all aspects of commercial real estate development focus on structuring and implementing the transaction to ensure the desired outcome for all of the stakeholders.

Kurt Nagle has over 30 years of experience in Washington, DC, related to seaports and international trade. Since 1995, Mr. Nagle has served as President and Chief Executive Officer for the American Association of Port Authorities (AAPA). Mr. Nagle began working at AAPA, the alliance of the leading public port authorities throughout the Western Hemisphere, in 1985. Prior to joining AAPA, Mr. Nagle was Director of International Trade for the National Coal Association and Assistant Secretary for the Coal Exporters Association. Previously, he worked in the Office of International Economic Research at the U.S. Department of Commerce. Mr. Nagle serves on the Executive Committee of the Propeller Club of the United States and is a former commissioner of PIANC, the International Navigation Congress. Mr. Nagle holds a Master's Degree in Economics from George Mason University.

Geoffrey Kasselman, SIOR, LEED AP, serves as an Executive Managing Director at NKF where he leads the company’s National Industrial Practice. In this capacity, he guides the direction and expansion of the firm’s industrial brokerage capabilities across North America, including supporting various corporate portfolio, e-commerce, manufacturing, food & beverage, and data center projects, while also promoting the benefits of sustainability, technology and innovation for the sector. He also serves as CEO and Founder of Op2mize Energy, a strategic energy procurement firm.

Mr. Kasselman was recently honored as a member of the 2017 Midwest CRE Hall of Fame, a 2016 CoStar Power Broker, and recently won NKF’s Outstanding Service Award for 2016, in addition to numerous other honors and distinctions received over his 30-year career. He is a prominent national speaker and accomplished author on a variety of topics including economic trends, innovation, sustainability and the exponential future of CRE. Over the course of his career he has completed more than 1,000 transactions worth in excess of $1 billion.

In addition to his NKF responsibilities, Mr. Kasselman is serving a one-year term as the 2017 Society of Industrial and Office Realtors® (SIOR) Global President. SIOR was founded in 1941 by the US Government to help secure industrial facilities in support of the World War II effort. In this regard, SIOR has been servicing the commercial real estate industry for over 75 years. In this volunteer role, Kasselman leads the preeminent non-profit commercial real estate services organization in an array of strategic and global initiatives while acting as an ambassador and discussing the many benefits of becoming a SIOR designee.

Peter Tsantilis is a partner in The Law Offices of Liston & Tsantilis, P.C. He represents clients in the areas of property tax litigation and incentives, land use/zoning, industrial and commercial real estate transactions/leasing and eminent domain litigation. Mr. Tsantilis is the author of the Illinois Institute for Continuing Legal Education (IICLE) chapter entitled Due Diligence for Leases on Commercial Properties and the IICLE chapter entitled Taxable and Exempt Property. He was honored as one of the 40 Under Forty Illinois Attorneys to Watch in

2013, a Leading Lawyer for 2018, 2019 and 2020 (top 5% of Illinois lawyers named by their peers in statewide surveys), a Leading Lawyers Emerging Lawyer for 2015, 2016 and 2017 and an Illinois Super Lawyers Rising Star for 2010, 2012 and 2013. He has been an active member of the Real Estate Law Section Council of the Illinois State Bar Association and is a member of the Chicago Bar Association and the Institute for Professionals in Taxation. He is a frequent speaker at seminars dealing with a wide range of topics affecting diverse and complex interests in the real estate industry, including real estate developers and owners,

brokers, property managers, title insurers and other attorneys.

In 2003, he obtained his J.D., cum laude, from Loyola University Chicago School of Law. In addition, he received his B.B.A. in Economics and Finance, and graduated valedictorian from Loyola University Chicago School of Business Administration in 2000.

A 28 year veteran of the industry, Fred joined FCL Builders as a Superintendent and was quickly promoted to Senior Superintendent, Project Manager, Vice President and ultimately became a Principal of the company in January 2015. His responsibilities include supervision of project design in conjunction with the clients needs, and he always brings a determined focus on Value Engineering. Fred also coordinates Sales and Estimating activities for project proposals to ensure that each project receives equal attention, regardless of the size of the project.

Kevin is a founding member and Managing Principal of Clarius Partners and is responsible for all aspects of the business. This includes the joint oversight of all company operations, including human resources, administration, accounting, financial management, debt and equity financing, marketing, client relations, and new business procurement on a national, regional and local basis. Kevin also leads the company’s management, development and leasing efforts for Clarius Park Morris, Clarius Park Joliet, and Clarius Park McCook in greater Chicago and Clarius Park Arcadia North, in northeastern Pennsylvania.

Prior to forming Clarius Partners, Kevin was Senior Vice President and Regional Manager for the Central Region and Northeast Region at Higgins Development Partners, responsible for all phases of land, industrial and office development projects, including new business identification, pursuit, underwriting, entitlement, construction, management and leasing.

Prior to joining Higgins, Kevin was a Senior Vice President with Catellus Development Corporation, where he led all aspects of land, office and industrial development projects in the Chicago region, while playing a key role in sourcing new business and opening a new Northeast regional office serving New Jersey and Pennsylvania. In 2005 when ProLogis acquired Catellus, Kevin was named Senior Vice President and Market Officer of Capital Deployment for New Jersey and Pennsylvania. Prior to Catellus, Kevin was a Project Manager for Hines Interests, LP, in Chicago.

Kevin graduated with a bachelor of Environmental Design from the University of Colorado, College of Architecture and Planning, and a Master of Engineering in Construction Engineering and Management from the University of Michigan.

Since 1997, Kevin has directly led in the successful identification, transaction and development of over 1,500 acres of land and 4.7 million square feet of office and industrial build-to-suit projects.

Kevin has been a member of the board of directors of the Chicago Chapter of NAIOP since 2001, serving currently as its legislative committee chair, and in the past as its president; in addition to NAIOP, Kevin is active with several other industry and non-industry organizations. Kevin is a licensed real estate broker in the State of Illinois.

Helee has more than 10 years of experience commercial real estate. She began her career at Motorola where she built a strong foundation in project management and elite client service. Following her tenure at Motorola, Helee continued to JLL, working on clients like Xerox, Bank of America, Cisco, Aviva, Cook County, Northwestern Mutual, Nokia-Siemens Networks, Urban Partnership Bank, Lafarge, The Pritzker Group. At JLL, she was a part of the team who developed the LEED consulting group, some of her most notable projects included: McDonald’s World Headquarters LEED EB Platinum, HSBC’s Latin American Headquarters in Mexico City, and Tour First – the tallest tower in Paris – LEED EB Gold for Beacon Capital Partners. In 2012, Helee joined Goby, overseeing strategic account management, new business, and industry alliances. In 2015, she participated in raising $5M of venture capital funding for Goby. As CRO she leads the commercial SaaS business, sales team,

consulting business, and HR. Helee earned her Bachelor’s degree in architecture at University of Illinois and her MBA in International Business, Management Strategy, and Entrepreneurship from Northwestern University Kellogg School of Management.