BOARD OF TRUSTEES

Chief Executive Officer of CB Urban Development, a development company Mr. Black founded in 2007 which specializes in mixed-use urban development projects. Former Regional Senior Vice President (San Diego region) of The Irvine Company. Mr. Black served as a trustee of Chambers Street Properties' (NYSE: CSG) since June 2004 and was the Chambers Street's Non-Executive Chairman of the Board of Trustees since June 2012.

Chief Executive Officer of the Company.

Former Credit Suisse First Boston Managing Director and head of the structured finance unit for commercial mortgage-backed securities. Mr. Baum served as Chairman of the Board of Directors of Gramercy Property Trust Inc.

Former Managing Director of Real Estate & Alternative Investments and Member of the Board of Directors of General Motors Investment Management Corporation (GMIMCo). Ms. Behar also served as a Portfolio Manager at GMIMCo.

Former President and CEO of Capital Automotive Real Estate Services, Inc., a privately owned real estate company that owns and manages net-leased real estate for automotive retailers. Mr. Eckert is a member of three public company boards, including (i) Chesapeake Lodging Trust, (ii) DuPont Fabros Technology and (iii) NVR, Inc.

President and Chief Executive Officer and a Trustee of Chesapeake Lodging Trust, a lodging REIT ('Chesapeake'), positions he has held since Chesapeake's formation. Prior to co-founding Chesapeake, Mr. Francis served as the President and Chief Executive Officer and a director of Highland Hospitality Corporation ('Highland'), positions that he held from Highland's IPO in December 2003 to its sale in July 2007.

Principal at Roscommon Capital Limited Partnership, a financial advisory and investment firm. Mr. Hughes was a former Chief Operating Officer and Chief Financial Officer of SL Green Realty Corp.

Former Co-founder and Chief Executive Officer of KTR Capital Partners. Mr. Kelter was the former President and Chief Executive Officer and a trustee of Keystone Property Trust, an industrial REIT.

Part-time advisor to Arthur Andersen LLP focusing on the wind down of the public accounting practice. Former Office Managing Partner for Metro New York, Northeast Region Managing Partner, Member of the Worldwide Board of Partners and Interim Managing Partner of Andersen Worldwide.