SUMMARY OF QUALIFICATIONS

Comprehensive administrative background combined with 35 years of diversified, hands-on commercial and residential portfolio management experience.

PROFESSIONAL EXPERIENCE

PRESIDENT McGann Asset Management, Inc. Long Beach, CA - June 1, 2002

PRESIDENT McGann Enterprises, Inc. Long Beach, CA - 1997

PRESIDENT AND PARTNER Churchill McGann, Inc. Los Angeles, CA – 1995 - 1997

Responsibilities include business development for third party fee based management, property and corporate accounting, client relationships, systems and procedures, hands-on manager of property portfolio, consultant and receiver.

REGIONAL VICE PRESIDENT OF COMMERCIAL OPERATIONS Pinnacle Realty Management Company (formerly Sovereign/Ring), Santa Monica, CA - 1990 to 1995 COURT APPOINTED JUDICIAL RECEIVER

Organized and successfully developed a fee based commercial management department comprising 60 properties totaling 3,500,000 net rentable square feet.

Responsible for business development, hands-on management of property portfolio, implementation of new systems and procedures, client relationships, financial projections and review, project leasing and capital improvements.

VICE PRESIDENT OF ASSET MANAGEMENT (formerly Cal Fed Asset Management) VICE PRESIDENT & DIRECTOR OF ASSET MANAGEMENT CF Management Corporation (formerly Cal Fed Investment Management Corp.), Los Angeles, CA - 1987 to 1990

Converted in-house property management to full asset management effective 1987. Portfolio responsibility consisted of $443,051,741 of commercial real estate and other assets, comprising 36 properties totaling 4,763,772 net square feet. Properties under supervision included shopping centers, office buildings, apartments and industrial. The portfolio was 65% retail. Responsible for acquisition due diligence. loan procurement, insurance risk management, tax appeals, property management company selection, administration, financial projections and review, strategic planning, project leasing and capital improvements.

PRESIDENT & CORPORATE DIRECTOR Wespac Management Realty Corporation SENIOR VICE PRESIDENT Wespac Financial Corporation, Newport Beach, CA - 1983-1987

Responsible for management of portfolio consisting of approximately $278,753,956 of commercial/residential properties, comprising 47 properties and 4,775,716 square feet.

Supervised management of regional malls, community shopping centers, apartments, multi-use industrial, motels and office buildings. Managed 250 employees.

VICE PRESIDENT Cal Fed Asset Management, Los Angeles, CA - 1982-1983

Coordinated and developed a new subsidiary for Plaza Builders, Inc. (Plaza Property Management) to manage in-house real estate owned property. Recruited by senior management to form Cal Fed Asset Management, a new subsidiary of Cal Fed Enterprises. Managed $110MM of real estate consisting of apartments and condominium real-estate-owned. Provided property management for a newly formed subsidiary company, Cal Fed Syndications.

VICE PRESIDENT & DIRECTOR OF PROPERTY MANAGEMENT August Management, Inc. Long Beach, CA - 1981-1982

Portfolio responsibility included $80MM of commercial real estate and other assets comprising 24 properties totaling 1,337,382 net square feet. Property management projects under supervision including shopping centers, office buildings, industrial buildings, mini-warehouses, apartment complexes and condominiums.

ADDITIONAL RELATED EMPLOYMENT RESPONSIBILITIES

GENERAL MANAGER - Daon Corp., Newport Beach, CA - 1978-81
PROPERTY MANAGER - Robert A. McNeil Corp., Santa Ana, CA - 1976-78
PROPERTY MANAGER - Devine Properties, Corona Del Mar, CA - 1974-76
ASSIST. OFFICE BLDG MANAGER - The Irvine Company, Newport Beach, CA -1973-74
PROPERTY MANAGER - Boetel & Company, Omaha, NB - 1971-73

EDUCATIONAL BACKGROUND

Bachelor of Science Degree - University of Nebraska at Omaha
BA with emphasis in Real Estate Management - 1971
Certificate of Real Estate - University of Nebraska at Omaha - 1971
Real Estate License - Nebraska and California
Registered Apartment Managers Citation (RAM) - 1972
Certified Property Manager (CPM) - 1976
Certified Shopping Center Manager (CSM) - 1989

AFFILIATIONS

Member of Institute of Real Estate Management (IREM)
Member of International Council of Shopping Centers (ICSC)
Member of Building Owners and Manager’s Association (BOMA)
Marquis Who’s Who in the West
United Who’s Who