EXECUTIVE TEAM

Don Bourn, Chief Executive Officer, Bourn Companies, LLC.

Starting the Bourn Companies was the logical step for Don after a distinguished career at Trammell Crow Company and Peat, Marwick and Mitchell. During his many years in the real estate industry, he developed a unique philosophy of value creation for clients and investors -- the idea that the role of a broker or developer is to increase the financial, personal and community value of every transaction. As one might expect, Don takes a hands-on approach to the business, overseeing the leasing, development, marketing and sale of all projects as well as helping to guide the company's big-picture vision. Don received his BS in accounting from the University of Nebraska where he also played football on several nationally ranked teams. He is a member of many nonprofit boards in southern Arizona.

Toufic Abi-Aad, Chief Financial Officer, Bourn Companies, LLC.

Toufic Abi-Aad is the chief financial officer of Bourn Companies, LLC. Mr. Abi-Aad is responsible for the company's financial accounting and capital markets activities and is an active participant on the executive team and investment committee. In this capacity, he directs the organization's capital raising functions, acquisitions and dispositions activities as well as accounting operations. While at Bourn Companies, Mr. Abi-Aad has overseen in excess of $500m of real estate investments. He began his career at Motorola, prior to joining Bourn Companies in 2000. Mr. Abi-Aad holds dual Finance and Accounting undergraduate degrees, as well as a Masters in Business Administration, from the Eller School of Business at the University of Arizona.

Alan E. Smith, Executive Vice President

Alan E. Smith is a key leader for our Retail Development Group and is responsible for the overall management of the retail development and leasing functions. Alan came to Bourn in May 2007 from the Konover Development Corporation, based in Connecticut, where he was an Executive Vice President with senior management responsibility for leasing, redevelopment, acquisitions and dispositions. He brings more than 40 years experience in commercial real estate having developed more than 7 million square feet and 40 shopping centers in several regions of the U.S.. Prior to joining Konover, Alan held positions as Vice President for Development & Leasing at the Century Development Corporation and Ainbinder Associates both located in Houston Texas. He had also been with the Kimco Development Corporation in New York. Active as a leader in ICSC, he served as the Dean of the School of Leasing and, in 2005, received a Trustee Distinguished Service award. He is Senior Certified Leasing Specialist.

Mike Treadwell, Executive Vice President

A key leader in our Retail Development Group, Mike has more than 35 years of successful experience in commercial real estate and been involved with the development of numerous high profile retail properties in the Southwest. Prior to joining Bourn, he was at Macerich as Senior Vice President of Development responsible for retail development activities in the Westcor Region, as well as big box tenant relationships nationally. He joined Westcor Partners in 1988 eventually assuming executive responsibility for all power centers, community centers and adjacent properties. Mike began his commercial real estate career with Coldwell Banker and later joined Bassett Hayden and Ray, a Tucson development company, prior to joining Westcor. A graduate of the University of Arizona, Mike played on the UA football team and later became a graduate assistant coach. His office is in Phoenix.

Deborah Oseran, Principal, Mendelsohn, Oseran, Counsel for Bourn Companies, LLC.

Deborah's practice provides legal services for the Bourn Companies, reviewing contracts, performing corporate and project risk management and coordinating outside counsel. She graduated from Stanford University in 1971 and received her JD from the University of Arizona in 1974. She is certified by the Arizona Bar Association as a real estate law specialist. She has chaired the Real Property Section Council of the Real Estate Law Advisory Commission and served on the Commission of Appellate Court Appointments. A founding member of the Board of Directors of Tucson Commercial Real Estate Women, she also volunteers as legal counsel for the Jewish Federation of Southern Arizona.

Lloyd Sydney, Human Resources & Administrative Officer

Lloyd brings to the Bourn Companies more than 25 years' experience as a human resources leader in industries ranging from manufacturing to biotechnology including companies such as Ford Motor Company, Schlumberger Limited, Eaton and Thermo Electron corporations. During his career, he has designed and implemented compensation and benefit systems, staff development and recruiting programs, and been a key advisor for executive leadership in cultural change and organizational development efforts. Lloyd has a BS in psychology from Hunter College and an MBA from the University of Nebraska.