fall board of directors & advisory committee meeting · berkadia, phoenix, az corinna bennett...

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National Multifamily Housing Council 1775 Eye St., N.W., Suite 1100, Washington, D.C. 20006 202/974-2300 (phone) • 202/775-0112 (fax) www.nmhc.org (website) • [email protected] (email) September 12 – 14, 2017 The Fairmont Hotel • Washington, D.C. Meeting Portfolio Sponsored By: Fall Board of Directors & Advisory Committee Meeting

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Page 1: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

National Multifamily Housing Council1775 Eye St., N.W., Suite 1100, Washington, D.C. 20006202/974-2300 (phone) • 202/775-0112 (fax)www.nmhc.org (website) • [email protected] (email)

September 12 – 14, 2017The Fairmont Hotel • Washington, D.C.

Meeting Portfolio Sponsored By:

Fall Board of Directors & Advisory Committee Meeting

Page 2: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

2017 NMHC Fall Board of Directors & Advisory Committee MeetingSponsors*

NMHC gratefully acknowledges the sponsorship of the firms listed below whose support makes this event possible.

* as of September 7, 2017

2017 MEETING SPONSORS

2017 FRIENDS OF THE COUNCIL SPONSORS

2017 CHAIRMAN’S CIRCLE SPONSORS

b e r k e l e y p o i n t®

b e r k e l e y p o i n t®

A Division of Marcus & Millichap

Page 3: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

MEMBERSHIP REPORTS

Page 4: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

September 2017

NEW MEMBERS OF THE BOARD OF DIRECTORS

(Since May 2017) New Firms to the Executive Committee Related Management Company LP, New York, NY Jeffrey Brodsky and Frank Monterisi Starwood Capital Group, Atlanta, GA James Kane New Firms to the Board of Directors Citymark Capital, Cleveland, OH Daniel P. Walsh, Jr. and James A. Strauss Eden Multifamily, Miami, FL Jay Jacobson Electra America, North Palm Beach, FL Joseph Lubeck Jonathan Rose Companies, New York, NY Jonathan F.P. Rose and Brandon Kearse Milestone Group Jeffrey Goldberg, New York, NY Robert Landin, Dallas, TX RealFoundations, Dallas, TX Phillip McCorkle and David W. Stanford

Spherexx.com, Tulsa, OK Becca Wilson StreetLights Residential, Dallas, TX Douglas G. Chestnut and Thomas B. Bakewell

New Representatives from Existing Executive Committee Firms

Berkadia, New York, NY Justin R. Wheeler HFF, Newport Beach, CA Sean P. Deasy

JLL Capital Markets, Atlanta, GA Derrick Bloom

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New Representatives from Existing Executive Committee Firms (Continued)

Moran & Company Peter W. Evans, Chicago, IL David C. Martin, Denver, CO SARES REGIS Group, Irvine, CA Chris Payne

New Representatives from Existing Board of Directors Firms

Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD Mike C. May Cushman & Wakefield, Charlotte, NC Marc G. Robinson Entrata, Lehi, UT Chase Harrington

The Laramar Group, LLC, Chicago, IL Jeffrey Elowe and Bennett Neuman LCOR Incorporated, New York, NY Anthony Barsanti LeaseHawk, Scottsdale, AZ Sarah Saglam The Morgan Group, Inc., Houston, TX Stanley D. Levy Newmark Knight Frank, Washington, DC Maury E. Zanoff The NRP Group, Cleveland, OH Beverly A. Svenson Package Concierge, Inc., Medfield, MA Kristen Hall RentPath, Atlanta, GA Sandi Jenkins TH Real Estate, Hartford, CT James G. Martha

Page 6: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

September 2017

NEW ADVISORY MEMBER FIRMS (Since May 2017)

Advisory Committee

* AEGON USA Realty Advisors, LLC David C. Feltman Anton Development Company Steven L. Eggert Apartment Butler Inc.

Benjamin M. Johnson Ascentris Robert Ghiselli Atlantic Student Assets Jim Shaffner Bedford Cost Segregation Ed McGuire Bosch Thermotechnology Corp Michael G. Chaput Braddock and Logan Services, Inc. David Lee CallisonRTKL Larry Byars * Capital Real Estate LLC Derek Avery * Career Options Lynett Brockman * Churchill Stateside Group Keith J. Gloeckl * Colliers International New England Christopher Sower Comm-Works Rod Coleman Conategi LLC Roberto Orta Confluence Companies, LLC Anthony De Simone * New members since Board of Directors Meeting in May

Page 7: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Advisory Committee (Continued) * Dominion Realty Partners Robert A. McIntosh Fairmont Management Inc. Ron Nasch * Fortimize John A. Hamon * Frontier Communications Raul Huerta HKSK Corp. Dov Shapiro Hoar Construction Robert J. Mooney * IOTAS, Inc. Matt Greene Isram Realty Group Sean Gorbell Jobsite Steel Manufacturing Kristi D. Mathews * Kaufman Lynn Construction Frank W. White, III KIER Construction Stephen J. Kier * LegacyTexas Bank Patrick Ramsier * Lendlease Philip Lamere * LIVEbe Elaine D. De Lude * Middleton Meyers Ian C. Ferguson * Mission Capital Jonathan More * Mission Rock Residential Charles G. OConnell, Jr. NexMetro Communities, LLC Jacque Petroulakis * New members since Board of Directors Meeting in May

Page 8: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Advisory Committee (Continued) Parallel Joe Fraiman * PhilMor Real Estate Investments Phill Bakalchuk * The Private Bank Kathy Thurston * QX Inc Ravi Kurani * ResMan Elizabeth Francisco Resolution Real Estate Jeremy F. Bartholomew * SB Architects Teresa Ruiz Smallwood, Reynolds, Stewart, Stewart & Associates, Inc. Joseph R. Stryker * Snell Construction Corporation Christopher Hanessian Southwest Montana Properties Chad A. Laird Start Alternative Vinay S. Kolla Stay Alfred, Inc. Nancy Allen SummerHill Apartment Communities

Douglas McDonald TA Partners LLC Johnny Lu Thomas Pride International Charlton B. Rhoads Tim Lewis Communities Tim Lewis Torchlight Investors Michael Butz

* New members since Board of Directors Meeting in May

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Advisory Committee (Continued) Tradewind Properties James D. Rastello Tudor McLeod Asset Management

Andrew Tischer

Valbridge Property Advisors Karl Finkelstein

Vivint.SmartHome Kyle Lefebvre

WISHROCK Housing Partners & Investment Group Kevin Rose Younger Partners Dallas, LLC Lewis E. Wood

* New members since Board of Directors Meeting in May

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LEGISLATIVE & REGULATORY PRIORITIES REPORT

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Updated September 2017

APARTMENT INDUSTRY 2017 POLICY PRIORITIES

The apartment sector is a competitive and robust industry that helps today’s 38 million renters live in an apartment home that’s right for them. It’s also an important economic driver, contributing $1.3 trillion to the U.S. economy annually. We stand ready to meet the growing demand for rental housing, but we need public policies that don’t impede our ability to do so. Fair Housing and Disparate Impact: clarify HUD’s enforcement practices in light of regulatory and legal efforts, and improve compliance resources for rental housing providers Tax Reform: protect the current-law tax treatment of flow-through entities, depreciation, like-kind exchanges, business interest, carried interest and the Low-Income Housing Tax Credit (LIHTC) Housing Finance Reform: ensure housing finance reform proposals include a federal guarantee and recognize the unique characteristics of the multifamily industry, and continue engagement with regulators as they pursue transformational policies outside the legislative process Workforce Housing: help policymakers develop effective solutions that will preserve programs that work, stem the loss of additional housing stock and promote the development of new units Low-Income Housing Tax Credit: increase program resources and allow “income averaging” to create more mixed-income housing Section 8 Rental Assistance: modernize and streamline the program to attract private sector participation as well as seek reliable funding and reinforce the voluntary nature of the program Military Housing Allowance: oppose reductions to the military’s Basic Allowance for Housing or other changes to military housing benefits Immigration Reform: promote immigration reform that improves temporary worker visa programs and prevents apartment firms from being required to enforce immigration laws Criminal Background Checks: protect the ability of apartment firms to consider criminal history in employment and residential screening Consumer Reporting: Ensure that reforms of the consumer reporting process and resident screening system do not hamper necessary business operations of multifamily operators. Clean Water Act: seek regulatory clarity on permitting requirements under a newly expanded scope of the Act

Data Security: seek reasonable data security and breach notification requirements that do not impose overly burdensome compliance obligations on apartment owners and operators. U.S. Postal Service Reform: ensure that postal reform legislation does not adversely affect mail delivery to apartment residents or impose costly requirements on apartment properties Music Licensing: as policymakers evaluate copyright laws, look for potential opportunities to clarify music licensing policies for apartment communities Telecommunications: protect apartment owner and resident interests as policymakers consider in-building and outdoor coverage, capacity, deployment and infrastructure issues Patent Reform: enact legislation to protect apartment companies from abusive patent infringement claims without merit or evidence to support them Flood Insurance: seek long-term reauthorization of the National Flood Insurance Program (NFIP) that expires in September 2017, enact reforms of the program that would afford better NFIP coverage options to operators of rental housing, and capitalize on efforts to bolster private market solutions for flood coverage. Lead-Based Paint: advocate for health-protective standards that address the issue of lead hazards where they are found to exist Energy Policy: seek practical, cost effective solutions for improving the energy performance of building systems and appliances, support research on building technologies, and advocate for expanded federal tax to improve building energy efficiency Building Codes, Construction and Development: seek cost-effective building codes, green building goals and land use policies that support apartment development Regulatory Reform: reform of outdated, inefficient and burdensome regulations that lead to compliance uncertainty and harm economic growth.

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2017 NMHC and NAA Policy Priorities

For more than 20 years, the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) have partnered on behalf of America's apartment industry. Drawing on the knowledge and policy expertise of staff in Washington, D.C., as well as the advocacy power of nearly 170 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of multifamily rental housing. One-third of all Americans rent their housing, and 38 million of them live in an apartment home.

Tax Policy

Tax Reform Low-Income Housing Tax Credit Middle-Income Housing Tax Credit FIRPTA Reform

Construction & Development

Clean Water Act Sustainability Land Use

Finance & Capital Markets

Housing Finance Reform Dodd Frank and Basel III HVCRE Loans Workforce Housing HUD Multifamily Programs Foreign Capital Investment (EB-5)

Fair Housing

Fair Housing & Disparate Impact Accessibility: Fair Housing & ADA

Energy

Energy Policy

Business & Property Operations Flood Insurance & Mitigation Labor Department Overtime Rule NLRB Joint Employer Ruling Criminal Background Screening Consumer Reporting Immigration Reform U.S. Postal Service Reform

Telecom & Technology

Data Security and Breach Notification

Telecommunications Patent Reform Music Licensing Home Sharing Services

Housing Policy

Section 8 Rental Assistance Demonstration FMRs & SAFMRs Military Housing (BAH) U.S. Census Bureau’s American

Community Survey Indoor Environmental Issues

Lead Based Paint Building Codes

Building Codes Regulatory Reform

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Tax Policy TAX REFORM Why It Matters: Tax reform has the potential to significantly impact all facets of the multifamily industry because the owners, operators and developers of multifamily housing pay taxes when they build, operate, sell or transfer communities to their heirs. What We Are Doing: Engaging with policymakers to protect the multifamily industry’s tax reform priorities in any possible tax reform legislation. These include: protecting flow-through entities; maintaining the current-law tax treatment of carried interest; defending like-kind exchanges; retaining the deduction for business interest; ensuring depreciation rules avoid harming real estate; and preserving the Low-Income Housing Tax Credit. To support our advocacy, we have worked with our industry partners to commission key studies on the House Republican tax reform blueprint and the vital role that like-kind exchanges and economically viable depreciation schedules play in developing and maintaining commercial real estate. LOW-INCOME HOUSING TAX CREDIT (LIHTC) Why It Matters: LIHTC is the only federal program that helps subsidize the production of privately operated affordable housing. It has financed nearly 3 million units since its inception in 1986. While it generally operates effectively, additional resources could spur added construction of units. What We Are Doing: Urging lawmakers to resist calls to eliminate the LIHTC in any effort to reform the nation’s tax code. We are also seeking program improvements. These include expanding program resources by 50 percent and allowing “income averaging” to make the program more flexible and allow for more mixed-income housing. MIDDLE-INCOME HOUSING TAX CREDIT (MIHTC) Why It Matters: MIHTC was introduced in September 2016 by Senate Finance Committee ranking member Ron Wyden (D-OR) to spur the production of multifamily rental homes for America’s working families and would complement the LIHTC. The apartment industry strongly supports the bill based on our concerns that there is a lack of affordable housing available to millions of Americans that comprise the nation’s workforce. What We Are Doing: Continuing to work closely with Senator Wyden, his staff and other key lawmakers in pushing this critical legislation forward because it would make building needed units financially viable. Specifically, under the “Middle-Income Housing Tax Credit Act of 2016,” states would receive allocations of tax credits that would be distributed competitively to finance 50 percent of the cost of qualifying units. In order to qualify, a development would have to ensure that 60 percent of units were affordable to families earning no more than 100 percent of area median income. Allocated credits would be paid out over 15 years, the same period over which a development would have to commit to maintaining units at restricted rental rates. Importantly, we responded to the introduction of the MIHTC legislation by following up with a letter of support to Senator Wyden that urged him to coordinate the legislation with the Community Reinvestment

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Act (CRA) so that investments using the proposed tax credit would qualify for CRA credit – a vital change that would enable the new credit to reach its full potential in all housing markets. FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (FIRPTA) Why It Matters: FIRPTA imposes income tax on foreign persons disposing of U.S. real property interests that is not charged on a foreign person disposing of other U.S. assets such as stocks and bonds. As a result, it prevents commercial real estate from securing a key source of private-sector capital for developing, upgrading and refinancing properties. As part of tax legislation enacted in late 2015, Congress reduced FIRPTA’s negative impact on U.S. real estate investment by increasing from 5 to 10 percent the ownership stake that a foreign investor may take in a U.S. publicly traded REIT without triggering FIRPTA. Congress also removed a tax penalty FIRPTA imposed on foreign pension funds investing in U.S. real estate. While these provisions represent real progress, repealing FIRPTA or enacting additional reforms could unlock billions in foreign capital that could help to refinance real estate loans and drive new investment. What We Are Doing: Calling on Congress to either repeal FIRPTA or enact additional reforms to FIRPTA to promote foreign investment in the U.S. multifamily industry and meet the growing demand for rental housing.

Construction & Development CLEAN WATER ACT Why It Matters: The Environmental Protection Agency (EPA) and Army Corps of Engineers (Corps) finalized a rule that claimed to clarify the scope of the waters regulated under the federal Clean Water Act. The controversial rule was found to significantly increase the costs and time associated with permitting requirements, provide greater opportunities for citizen lawsuits and essentially federalize local land use planning. The rule would also subject municipal separate storm sewers to an additional level of regulation as "Waters of the US." The Trump Administration has ordered that the rule be repealed and replaced. What We Are Doing: Pursuing an aggressive advocacy strategy before Congress and the Administration on the appropriate scope of federal jurisdiction over water. Existing authority under the 1986regulationand2008guidancetodefine"watersoftheUnitedStates"coveredbytheCleanWaterAct has led to a spate of lawsuits and was the impetus for the last Administration to issue the flawed WOTUS rule. SUSTAINABILITY Why It Matters: Apartment properties face potentially costly challenges as federal, state and local governments increase various green building requirements and building performance mandates. These efforts must address the specific needs of multifamily occupancies, including the continued affordability and availability of new, and the preservation of existing, apartment homes. What We Are Doing: Developing robust tools to help building owners and managers improve the environmental performance of the nation’s housing stock. We support strong and cost effective green standards and represent the interests of the industry in the area of green building and operations certification. We are working in coordination with the EPA and Department of Energy to obtain wider access to aggregated whole building data for voluntary benchmarking purposes and look to expand opportunities to share case studies and other resources with our members.

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LAND USE Why It Matters: Changing demographics, employment patterns and lifestyle preferences are challenging the sprawling, low-density development patterns of the past 50 years. Understanding that existing growth models are unsustainable, new efforts to promote infill, mixed-use and transit-oriented development that features apartment communities are being considered. What We Are Doing: Promoting land use policies that recognize the benefits of apartments, including compact development and efficiency.

Finance & Capital Markets HOUSING FINANCE REFORM Why It Matters: Getting multifamily right in housing finance reform is the single most important factor to ensuring that the apartment industry can meet the nation’s growing rental housing demand. What We Are Doing: Working closely with lawmakers to ensure that housing reform legislation recognizes the unique characteristics of the multifamily industry and retains a federal backstop to ensure reliable and affordable access to capital in all markets at all times. Because of our efforts, Members of Congress have come to understand that any credible housing finance reform effort must have dedicated consideration for the multifamily industry. BANK CAPITAL STANDARDS: DODD-FRANK AND BASEL III Why It Matters: Federal regulators have produced a number of regulations and standards during the previous Administration that could potentially constrain capital flows to the sector. Among those are Dodd-Frank risk-retention rules and Basel III capital standards, both of which impact how financial institutions must treat the multifamily debt they hold and originate. What We Are Doing: Working to educate regulators, Congress and the new Administration on existing and proposed regulations that could constrain and increase the cost for multifamily financing. Where appropriate, we are seeking changes or roll-backs. HIGH VOLATILITY COMMERCIAL REAL ESTATE LOANS Why It Matters: Basel III capital standards for acquisition, development and construction loans went into effect on January 1, 2015, increasing the amount of capital banks have to hold by 50 percent. The regulation was unclear in many areas. In April 2015, the regulators issued guidelines in an FAQ in an effort to clarify implementation of the rule. This rule applies to every bank, no matter the size. Consequently, it has had an impact on the availability of construction loans during 2016. What We Are Doing: Working with a number of industry groups to seek better clarity on interpretation of the rule and provide rational relief to several of the provisions within the rule that constrain the capital contribution from borrowers. We are seeking changes with Congress and the regulators who issued the rule. As a result of our efforts, legislation was introduced in 2017 that would achieve our goals.

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WORKFORCE HOUSING Why It Matters: America is facing significant rental affordability challenges. Rental demand is growing, supply is limited and resident incomes have been stagnant while housing costs have risen. Roughly 54 percent of apartment households spend more than 30 percent of their incomes on housing and 30 percent spend more than 50 percent, according to the most recent data from the American Housing Survey. State and federal collaborations, and partnerships between the public and private sectors, are critical to addressing this issue. What We Are Doing: Contributing to the discussion and aiming to help policymakers develop effective solutions that will preserve programs that work, stem the loss of additional housing stock and promote the development of new units. We took our message to Capitol Hill, testifying before the House Financial Services Committee, Subcommittee on Housing at a hearing entitled, The Future of Housing in America: Government Regulations and the High Cost of Housing. We outlined the key reasons why America faces a growing affordability problem – stagnant wages, a supply-demand imbalance and numerous hurdles and regulations in developing new apartments – along with potential solutions. HUD MULTIFAMILY PROGRAMS Why It Matters: The Federal Housing Administration’s (FHA) multifamily programs traditionally account for approximately 10 percent of the total outstanding multifamily mortgage debt and are a material and important source of capital for underserved segments of the rental market. Importantly, because of appropriate risk-based premiums and strong underwriting, the multifamily programs are able to operate as self-funded, fully covered lines of business at HUD. In past years, however, they have been hampered by artificial constraints on the volumes of mortgages they can insure. In addition, HUD has undertaken a multi-year effort to streamline and consolidate its multifamily field offices. These field offices provide mortgage insurance to HUD-approved lenders nationwide, facilitate multifamily housing projects and administer rental assistance programs. What We Are Doing: Educating policymakers about the different performance histories of FHA’s multifamily and single-family programs to retain FHA as a reliable source of capital for the apartment sector. Continuing in-depth discussions with the offices of the HUD Secretary and the FHA Commissioner to limit the potential adverse impact of the reorganization on multifamily borrowers. NMHC/NAA have also worked with HUD and Congress to lift the multifamily lending authority for FHA to levels more reflective of market demand. FOREIGN CAPITAL INVESTMENT (EB-5) Why It Matters: Foreign investment is an important and growing source of capital for the multifamily industry. The strong current and historic performance of multifamily real estate attracts interest from a variety of international capital sources, but opportunities exist for policymakers to further enable investment from abroad. One mechanism through which the apartment industry attracts foreign capital is the EB-5 Investor Visa Program. The program provides visas to foreign investors in exchange for investments in American real estate projects, which eventually create jobs. Multifamily projects have attracted significant equity through the EB-5 Program in recent years, including an estimated $68 million last year from China alone. What We Are Doing: Working to remove barriers and further encourage foreign capital participation through a long-term reauthorization of the EB-5 Investor Visa Program, retaining essential elements of the program and promoting multifamily investment.

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Fair Housing FAIR HOUSING AND DISPARATE IMPACT Why It Matters: Recent increases in regulatory and legal action related to disparate impact theory creates new uncertainty about the lawfulness of otherwise legitimate apartment operation and development practices like resident screening and use of tax credits. Absent limitations, housing providers can face increased allegations of Fair Housing violations. What We Are Doing: Seeking certainty and/or clarification of HUD enforcement practices in light of regulatory efforts, including HUD’s 2013 disparate impact rule, the U.S. Supreme Court’s decision in Texas Department of Housing and Community Affairs v. Inclusive Communities Project and HUD guidance on criminal history screening, limited English Proficiency and more. While the High Court upheld the validity of disparate impact liability under the Fair Housing Act in its final ruling in June 2015, the ruling offers some limitations on the theory that may prove helpful to businesses facing these types of actions. However, HUD and advocacy groups continue to test the bounds of disparate impact theory. We have produced a series of white papers and webinars to help apartment firms understand changes in fair housing law and we continue to explore both legislative and legal remedies to help apartment firms avoid disparate impact claims. ACCESSIBILITY: ADA AND FAIR HOUSING ACCESSIBILITY Why it Matters: Housing providers have responsibilities under both the Americans with Disabilities Act (ADA) and Fair Housing Act (FHA) to ensure that their communities are accessible to people with disabilities, including the inclusion of specific building design features. However, the complex and sometimes conflicting nature of guidance, building codes and statutory language have led to varying interpretations of compliance with the Acts. Litigation related to allegations of non-compliance poses significant costs, operational barriers and other challenges for apartment firms. What We Are Doing: Supporting legislation to stem the growing trend of ADA compliance complaints dubbed “drive by” lawsuits. These complaints often result from tester visits to a business for the express purpose of finding violations and filing suit. Plaintiffs then typically demand settlement money in lieu of filing a lawsuit. We are supporting legislation introduced in Congress that provides a business owner with the opportunity to cure an alleged ADA deficiency prior to the initiation of a lawsuit, which would disincentivize complaints motivated purely for financial gain.

Energy ENERGY POLICY Why It Matters: Energy efficient multifamily buildings reduce utility consumption costs for apartment owners and residents and further the goal of national energy independence. Although the industry has embraced energy efficient design and operations, it is important that federally-sponsored energy performance standards be cost-effective. Expensive code requirements that have a pay-back outside of traditional financing terms will exacerbate the shortage of affordable housing. Federal tax incentives are insufficient to improve the efficiency of the nation’s existing housing stock and should be expanded. New Federal Housing Administration financing programs will assist owners and developers in improving building

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energy performance. The apartment industry welcomes the newly available ENERGY STAR rating for multifamily, however, the lack of access to whole building energy consumption data in many regions of the country limits the ability of properties to participate in the program. What We Are Doing: Advocating for policies that include cost-effectiveness as a consideration in building code adoption, promoting building energy research and working to help property owners access their energy consumption data. We are also lobbying for energy efficiency tax measures that encourage energy efficient rehabilitation of existing properties. Finally, we continue to work with HUD, EPA and the Department of Energy to expand opportunities that will assist property owners in improving building energy performance and remain focused on growing the ENERGY STAR rating for multifamily.

Business & Property Operations FLOOD INSURANCE AND MITIGATION Why It Matters: The National Flood Insurance Program (NFIP) was last reauthorized by Congress in 2012 and is set to expire in September, 2017. Existing law requires apartment properties with federally regulated and insured mortgages in high-risk flood areas to purchase flood insurance. In many cases the NFIP is the only coverage option available across the country. In the absence of a robust private flood insurance market, the multifamily industry has come to rely on the NFIP as a critical risk management tool and to ensure financing. Yet too often, the current constructs of the program and its limitations can serve as a challenge. What We Are Doing: Working with Congress and industry allies to see the program reauthorized and reformed in such a way that ensures flood coverage continues to be available at all times, in all market conditions, for every at-risk rental property. Reform of the NFIP is necessary both to ensure the fiscal solvency of the program and so that it is structured in such a way that it is able to offer sufficient and needed lines of coverage to property owners. We have called upon Congress to enable FEMA to offer additional, policy options such as Business Interruption coverage, Replacement Cost Value claim payments, and allow umbrella policies for all structures on a property. Allowing multifamily owners the flexibility to secure these additional lines of coverage, at full actuarial rate, would bring new premium revenue into the program and better mitigate the financial risk held by multifamily owners/operators. These, and other reforms, would reduce risk exposure and financial liabilities for multifamily properties in the wake of a disaster. Further, the industry has long called for greater private sector participation in the flood insurance market and we have strongly urged Congress to adopt policies that can help foster its development. We also continue to push Congress to reform and properly fund flood mapping efforts and prioritize pre-disaster mitigation efforts. LABOR DEPARTMENT OVERTIME RULE Why It Matters: In May 2016, the Department of Labor (DOL) issued its final rule to increase the salary threshold for white collar workers who are entitled to overtime pay protections under the Fair Labor Standards Act (FLSA). Multifamily and other industry workers would be impacted because overtime pay would be determined based only on falling below the threshold. Specifically, under the final rule, the salary threshold for executive, administrative and professional employees’ overtime pay would be raised from $455 a week ($23,660 a year) to $913 a week ($47,476 a year). While the rule was slated to go into effect on December 1, 2016, a federal judge has issued an injunction blocking enforcement.

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Meanwhile, DOL has indicated its willingness to reconsider the rule. During his confirmation hearing, Secretary of Labor R. Alexander Acosta indicated a threshold of around $33,000 might be appropriate. Following his hearing, DOL issued a request for information soliciting industry views. In response, NMHC/NAA recommended that DOL index the current $23,660 overtime threshold for inflation. Further litigation, regulation and/or legislative activity will determine the rule’s fate. Among other issues, the multifamily industry is concerned the rule will harm the ability of employers to implement, and employees to take advantage of, flexible scheduling options. In addition, it could limit career advancement opportunities for employees. Those nearing 40 hours of work in a week may not be able to participate in training or other opportunities because the employer is unable to provide overtime compensation for the hours spent. What We Are Doing: Urging Congress and the new Administration to repeal or provide relief from the proposed rule. NLRB JOINT EMPLOYER RULING Why It Matters: Joint employers occur when the supervision of an employee’s activity is shared between two or more businesses. In its August 2015 Browning-Ferris Industries ruling, the National Labor Relations Board (NLRB) ruled that it could impose joint employer liability when an entity has “indirect” control and “unexercised potential” of control over another entity’s employees. However, for 30 years before this ruling, entities were designated joint employers when both had “direct and immediate” control over “essential terms and conditions of employment.” This could have a significant impact on multifamily firms who may become liable for the actions of subcontractors, suppliers, vendors and temporary staff. Joint employers are also required to negotiate with any union representing the jointly employed workers. What We Are Doing: Urging congress and the new Administration to mandate that the NLRB revert to the joint employer standard that was in effect prior to the Browning-Ferries Industries ruling. The House of Representatives is currently considering appropriations legislation that would deny funds to enforce the rule. CRIMINAL BACKGROUND SCREENING Why It Matters: The multifamily industry depends on professional staff who routinely enter apartment homes, handle confidential information and carry out financial transactions. Multifamily owners and operators need the ability to check criminal backgrounds to help protect the safety and security of residents and staff and to reduce the risk of violence, theft and fraud. The use of criminal background checks has come under increased scrutiny by some members of Congress and the Equal Employment Opportunity Commission (EEOC). However, EEOC’s strengthened enforcement policy has been challenged by other members of Congress and judges. What We Are Doing: Working as part of a coalition to educate decision makers about the importance of criminal background checks in creating safe housing for the nation’s 38 million renters. CONSUMER REPORTING Why It Matters: Apartment owners and operators rely on professionally furnished consumer reports in their daily operations to make informed decisions about the creditworthiness of prospective residents at their communities. These reports often include financial, credit, and housing history/records and as a result fall under strict compliance requirements of the Fair Credit Reporting Act (FCRA).

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What We Are Doing: Educating policy makers of the importance of accurate consumer reports and their impact on multifamily operations. Further, we are urging that any reforms of the consumer reporting process and resident screening system do not hamper necessary business operations of multifamily operators. IMMIGRATION REFORM Why It Matters: One in five renter households is headed by an immigrant, and immigrants comprise 22 percent of the construction workforce, making reform a critical issue for the multifamily industry. Pressure is mounting for Congress to enact comprehensive reform for a number of reasons, many of which impact the multifamily industry. Recent data and industry surveys suggest labor shortages in a number of trades across numerous markets are driving up construction costs, and the cost of housing as a result. Also, in the absence of congressional action, state and local governments have approved numerous immigration related regulatory measures, creating a burdensome patchwork of compliance obligations for apartment companies. Rental apartment firms are particularly concerned about laws that would hold them responsible for the immigration status of apartment residents and impose various additional employment-related mandates beyond federal requirements. Lastly, attracting foreign investment to multifamily real estate is a critical part of ensuring adequate capital is available to develop and maintain American rental housing needed now and in the future, which programs like the EB-5 Investor Program are designed to address. What We Are Doing: Working closely with policymakers to improve temporary worker visa programs, including the H2-B Visa Program. We are also empowering employers, creating legal safe harbors through the E-Verify Employee Verification Program, and promoting new sources of investment capital through the EB-5 Immigrant Investor Program. U.S. POSTAL SERVICE REFORM Why It Matters: U.S. Postal Service (USPS) policies impact the security and convenience of mail and package delivery to multifamily communities, as well as safety and efficiency for residents and employees. Congress is expected to consider significant postal reform measures that would affect mail and package delivery that could impact both existing and future apartment communities. Some proposed cost-cutting measures would mandate centralized delivery locations for both new and existing addresses. This would dramatically reduce the number of USPS delivery points including “to the door” delivery. What We Are Doing: Educating congressional decision-makers and regulators about the practical implications of legislative or regulatory changes to USPS mail delivery policy for apartment communities and our residents.

Telecom & Technology DATA SECURITY AND BREACH NOTIFICATION Why It Matters: Apartment companies and other consumer facing entities are increasingly targets of cyber-criminals because of the treasure trove of personal and financial information they possess. Multifamily firms and their third-party service providers collect and maintain sensitive personally identifiable information. This includes Social Security numbers and the financial details of residents, prospective residents and employees that is valuable to data thieves and those wishing to do harm to a company’s reputation and financial standing. Federal lawmakers are working to enhance existing data privacy and security laws. They

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are considering the creation of a national data security standard and data breach notification requirements to replace the current patchwork of privacy and data breach laws in 47 states and the District of Columbia. What We Are Doing: Supporting efforts by Congress and the Administration to implement mechanisms for the private sector and Federal Government to share information about possible cyber threats and intrusions. We are also advocating for reasonable data security standards and data breach notification requirements for multifamily firms while protecting consumers, our networks and our industry. In addition, we released a cybersecurity white paper that serves as a roadmap to enhanced security for the industry and launched a cybersecurity alert system that distributes time-sensitive threat information to member companies. TELECOMMUNICATIONS Why It Matters: The multifamily industry increasingly relies on web-based platforms and mobile connectivity for property operations, as well as corporate functions from marketing to revenue management and leasing to maintenance. Reliable communications services significantly impact residents and inadequate connectivity may involve costly technical solutions. The Federal Communications Commission and Congress are considering a range of regulatory and legislative issues that could impact apartment operations and services for apartment communities. This includes laws governing video, telephone and broadband, expanded broadband deployment, cellular service and more. What We Are Doing: Educating policymakers about the growing need for reliable telecommunications services for apartment operations and resident satisfaction. This, is in addition to the industry’s interest in policies affecting broadband deployment, service provider agreements and access to property and solutions for connectivity and capacity challenges. PATENT REFORM Why It Matters: Multifamily companies and service providers have been targeted by abusive “patent trolls” who threaten legal action and demand fees without evidence supporting their claims. Targeted firms are forced to pay licensing fees or defend against illegitimate patent infringement claims for using common technology products. This includes resident-facing programs for marketing, payments, maintenance requests and other property-level communications, as well as off-the-shelf products like on-site security systems. There is strong bipartisan support in Congress to curb the problem. Proposed legislation would require greater detail in demand letters and legal filings, and stronger litigation standards. However, disagreement remains over several aspects of the issue as lawmakers try to address abuse and protect incentives for innovation. What We Are Doing: Urging Congress to pass legislation that would bring greater transparency and efficiency to patent regulation and enforcement, and create disincentives to fraud and abuse. NMHC/NAA have joined with other real estate and business groups in asking lawmakers to address predatory demand letters, patent trolls and improve the patent litigation system. MUSIC LICENSING Why It Matters: Performing Rights Organizations administer and enforce copyrights on behalf of copyright owners. Some claim that apartment communities may be obligated to obtain a public performance license for certain uses of copyrighted music.

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What We Are Doing: Seeking potential opportunities to clarify music licensing requirements for apartment firms as Congress and the Administration evaluate music copyright laws. HOME SHARING SERVICES (Airbnb, VRBO, HomeAway) Why It Matters: The multifamily industry is increasingly dealing with the implications, both positive and negative, of peer-to-peer home sharing services like Airbnb, VRBO and HomeAway. While these services are increasingly popular with consumers, some of the potential issues at hand include tenant lease violations, on-site security concerns and questions around liability and property insurance. While there are unanswered questions for our industry, and our economy as a whole, the “sharing economy” is booming. With such incredible growth, Congressional and federal oversight is likely to increase. What We Are Doing: Continuing to support the right of multifamily firms and other property owners to participate in all aspects of the “sharing economy,” if they so choose and if it is done in full compliance with existing law and regulations. While most legislative and regulatory action in this area has been at the state and local levels, Congress and several federal agencies have begun to examine the impact of Airbnb, Uber and other companies considered part of the sharing economy. Both the Federal Trade Commission and the House have held hearings on the topic and this oversight is not expected to ease. We continue to monitor the issue for developments that could impact the apartment industry from a legal or regulatory perspective.

Housing Policy

SECTION 8 RENTAL ASSISTANCE Why It Matters: The Section 8 program is plagued by inefficiencies that make it more expensive to rent to a Section 8 renter than a market-rate renter. At the same time, a growing number of jurisdictions are trying to enact “source of income” fair housing protections that effectively make the program mandatory. What We Are Doing: Working to prevent potential rental payment losses by intervening when related budget cuts are proposed. We are also working to ensure that any reform measures encourage private sector participation and we are supportive of new opportunities for private industry engagement in affordable housing through programs like the Rental Assistance Demonstration. In addition, we are working to reaffirm the voluntary intent and design of HUD’s affordable housing programs by Congress and HUD. We worked tirelessly to enact reforms signed into law by President Obama in July 2016 that will maximize the impact of taxpayer dollars and eliminate inefficiencies in critical federal housing programs. Specifically, these reforms streamline the Section 8 Housing Choice Voucher Program’s property inspection process by allowing for immediate occupancy if the apartment home has been inspected within the past 24 months. The reforms also include extending the contract term for project-based vouchers from 15 to 20 years. Additionally, we helped enact legislation signed into law by the President in December 2015 that significantly reduces the Section 8 voucher program’s administrative burdens by allowing for the recertification of incomes every three years, instead of annually, for residents on fixed incomes. We will work with Congress and the new Administration to actively promote future reforms to the program regarding funding to avoid payment interruptions for property owners and to further streamline the program.

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RENTAL ASSISTANCE DEMONSTRATION Why it Matters: The Rental Assistance Demonstration, or RAD, is an affordable housing preservation strategy for public housing authorities, allowing for the conversion of public housing properties at risk of obsolescence or underfunding into project-based vouchers or rental assistance contracts under the Section 8 program. This conversion provides opportunities for private sector participation through the redevelopment, management and financing of the converted properties. What We Are Doing: Working with Congress and HUD to expand the RAD program. The effort was initially approved to convert 60,000 units to affordable housing in 2011. We worked with Congress and HUD to expand the program in 2014 to 185,000 units, and will explore opportunities for further expansion to meet the substantial demand for affordable housing preservation. FAIR MARKET RENTS (FMRs) AND SMALL AREA FAIR MARKET RENTS (SAFMRs) Why it Matters: The Section 8 Housing Choice Voucher Program provides subsidized rents for qualifying low-income families. The program uses HUD-determined FMRs to establish maximum allowable rents the government will pay to a private apartment owner who rents to a family with a Section 8 voucher. HUD's current method for establishing FMRs and determining housing assistance payments is a proven, efficient system. What We Are Doing: Expressing concern with HUD’s action to move to a SAFMRs system, which establishes rent rates by ZIP Code. The SAFMR system remains un-vetted, less flexible and less reflective of housing providers' needs for participation in assisted housing programs. NMHC is pleased that HUD has notified Public Housing Authorities (PHAs) that the mandatory implementation of the SAFMR methodology would be suspended until 2020 for all metro areas except for the Dallas-Plano-Irving Metro Division. NMHC applauds this decision, as we have long held that zip codes, the geographic level that SAFMRs currently use, do not represent real estate markets. BASIC ALLOWANCE FOR HOUSING (BAH) Why It Matters: One million service members rely on their Basic Housing Allowance (BAH) to pay their housing expenses. The BAH is also key to the viability of the Department of Defense’s Military Housing Privatization Initiative (MHPI), which the multifamily industry has participated in for nearly 20 years. Military compensation and benefits reform efforts have looked at significantly reducing the BAH, and how it is allocated, to help balance the military’s budget. Reducing military housing benefits limits housing options for military families and can undermine apartment investments in and around military installations. What We Are Doing: Working to ensure that the success of the MHPI and the private rental markets around military housing installations are not jeopardized through reductions to the BAH or any other proposals that envision long-term changes to military housing benefits. We have advocated against changes to the BAH in the annual defense authorization and spending bills and successfully held back aggressive reductions proposed in previous years in favor of a one percent per year reduction capped at 5 percent.

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U.S. CENSUS BUREAU’S AMERICAN COMMUNITY SURVEY Why It Matters: The U.S. Census Bureau’s American Committee Survey (ACS) provides Congress, state and local governments, businesses and non-profits with the objective, reliable data they need to invest wisely, stimulate economic and job growth, and meet the needs of vulnerable populations, such as veterans, people with disabilities, older Americans and low income households. Funding of the ACS, as well as its mandatory nature, is regularly in jeopardy when budgets are discussed. The ACS is important to the multifamily industry because it helps in estimating the economic impact of apartments and provides the latest relevant data. What We Are Doing: Continuing to urge lawmakers to fund ACS, along with testing for the 2020 survey. In addition, we continue to work with a broad coalition expressing our concern over the proposed deep cuts in the most recent budget cycle.

Indoor Environmental

LEAD-BASED PAINT Why It Matters: In 1993, Congress directed the EPA to determine whether there were lead hazards existing in public and commercial properties and, if so, to develop a regulation to protect the public health. Despite the passage of time, EPA has failed to conduct any targeted research on this matter, but has proposed a rule to expand lead-based paint regulations that apply to certain residential properties to public and commercial buildings. Pre-1978 residential properties have been guided by a number of lead-based paint disclosure and mitigation regulations for more than 20 years. The EPA proposal would require apartments built after 1978 to comply with similar regulations even though EPA has failed to demonstrate that these properties contain lead paint or pose a lead-hazard. Moreover, this regulation would duplicate the intent of the Occupational Safety and Health Administration’s Lead in Construction Standard that already applies to the disturbance of lead on all properties – regardless of the age of or type of the building. The concentration of lead in drinking water is regulated by EPA under the Safe Drinking Water Act. Water suppliers as defined in the Act are responsible for complying with this regulation. What We Are Doing: Continuing to file numerous comments on the regulatory proposal with EPA, including a technical appraisal of EPA’s theoretical model of lead exposure during renovation and repairs on public and commercial properties. We have worked with the Small Business Administration to ensure representation of the multifamily industry on regulatory review panels. We have also raised concerns about the flawed regulatory process with the White House Office of Management and Budget. The Administration is currently reviewing the status of pending regulations under the Toxic Substances Control Act (TSCA). Whether the Agency will continue to pursue this rulemaking given the flawed process, is very much in question. Therefore, we will continue to monitory the status of lead rules under the TSCA framework.

Building Codes BUILDING CODES Why It Matters: Cost-effective building codes and standards that promote building safety and efficiency benefit multifamily owners, operators and residents. Burdensome code requirements discourage multifamily development, increase construction costs and negatively impact housing affordability. The International

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Code Council is beginning work now on the 2021 model building codes, which will affect many areas of concern to apartment properties, including fire safety requirements, energy efficiency measures, accessibility and green building requirements. Special emphasis is being placed on fires in both existing and new apartments because of the recent fires that have gotten special attention. What We Are Doing: Participating and serving on committees in the codes and standards development activities of the International Code Council, National Fire Protection Association, and ASHRAE. We also work with other organizations with like interests, including the National Association of Home Builders, the American Institute of Architects and the Building Owners and Managers Association. In addition, we craft code proposals, develop commentary and serve as a resource on code issues for our members. Of note, the issue of fires in both new and existing apartments is of special concern. The massive news coverage of the various fires in apartments has made the issue a major concern to everyone involved in code and standards development with several proposals coming forward in 2016 to address the issue. Many of the proposals if adopted would have been very detrimental to the development and construction of apartments. To counter the onslaught of proposals, we have developed a proposal in partnership with our members to directly address the fire issue by emphasizing changes to the codes, but limiting the impact on construction. Our proposal was supported by code and fire officials nationwide, as well as the ICC Fire Code Action Committee, and it was approved for inclusion in the 2018 ICC Codes. The issue of fires in apartments will continue to be a major issue in 2017-2020. Ideas and additional changes, in addition to the one supported by the industry and approved for the 2018 codes, are already coming forward for discussion and consideration for changes in the 2021 codes.

Regulatory Reform

Why It Matters: At a time when the multifamily industry is facing increasing pressure to meet booming demand, an overly burdensome regulatory infrastructure is forcing financers, developers and operators to manage numerous compliance hurdles and rising costs. The industry, and particularly apartment owners and developers, must balance a wide array of concerns regarding project viability, regulatory cost and compliance at all levels of government. Existing federal regulations from a wide range of federal agencies including HUD, EPA, DOL, OSHA and DOE contribute to making housing less economically feasible to develop. While well-intentioned in nature, some regulations have negatively impacted the development and management of multifamily housing at a time when our industry strives tirelessly to address the shortage of housing for American families. Regulations should have demonstrable benefits that justify the cost of compliance and that federal agencies should be aware that broad-stroke regulations often have disproportionate effects on industries that serve as key drivers of our economy.

What We Are Doing: Continuing to advocate for regulatory reform. In March, NMHC/NAA sent a letter to President Trump highlighting some of the specific federal regulations that slow or prevent development of housing that is affordable, challenge otherwise legitimate business practices designed to ensure safe and decent housing for residents, decrease access to capital and make it difficult to transfer family-owned businesses from one generation to another. We are urging the Administration and leaders in Congress to provide guidance or clarity, repeal or reform and provide on inefficient or outdated rules and regulations to encourage economic growth, spur job creation and further expand housing for all Americans.

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NMHC Legislative and Regulatory Team Cindy Chetti, Senior Vice President, Government Affairs Betsy Feigin Befus, General Counsel Matthew Berger, Vice President, Tax Lisa Blackwell, Vice President, Housing Policy David Borsos, Vice President, Capital Markets Paula Cino, Vice President, Construction, Development and Land Use Policy Lisa Costello, Vice President, Political Affairs Kevin Donnelly, Vice President, Government Affairs Eileen Lee, Vice President, Energy and Environmental Policy Ron Nickson, Vice President, Building Codes Kimble Ratliff, Senior Director, Government Affairs Julianne Goodfellow, Director, Government Affairs Hailey Ray, Manager, NMHC PAC Connor Dunn, Associate, Government Affairs

Communications and Industry Initiatives Staff

Kim Duty, Senior Vice President, Public Affairs and Industry Initiatives Rick Haughey, Vice President, Industry Technology Initiatives Jim Lapides, Vice President, Strategic Communications Sarah Yaussi, Vice President, Industry Communications Alison Johnson, Director, Programming Colin Dunn, Director, Policy and Advocacy Communications Devin Bartley, Associate Director, Web and Digital Communications Ashley Moghari, Manager, Marketing and Communications Projects Racquel Madlala, Associate, Communications

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NMHC POLITICAL ACTION COMMITTEE (PAC)

REPORT

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NMHC PAC Board Report September 2017

NMHC’s political action committee, NMHC PAC, supports the apartment industry’s legislative goals, educates Congress about multifamily housing issues and encourages participation in the political process. • NMHC PAC Receipts and Disbursements: As of August 25, there are 762 employees from 134 NMHC member firms that have contributed $1,007,679 to NMHC PAC. This is 81% of the $1.25m fundraising goal the committee set for this off-election year. To date, 97 NMHC members are part of the maxed out donor program donating $5,000 individually. The NMHC PAC and government affairs staff are executing the 2017/2018 PAC Disbursement Budget. The budget outlines the plan to spend approximately $2.8 million this election cycle. The bulk of the contributions are slated for key Congressional leadership and committees with purview over critical legislative issues including tax and housing finance reform, reauthorization of the National Flood Insurance Program, housing affordability, telecommunication and technology, building codes, HUD rental assistance programs, building codes and energy efficiency. The NMHC staff also focuses on the critical regulatory issues impacting the industry’s day to day operations such as fair housing, resident credit and criminal screening, broadband deployment and completion issues and on issues that specifically impact both the privatized military housing and student housing industries. During this off-election year, to date, NMHC PAC has disbursed $1.075 million to 208 Congressional campaigns, leadership PACs and party committees. Many of these contributions continue to be made to lawmakers at small, targeted fundraising events hosted by real estate industry groups. Employees of the following firms have contributed $15,000 or more in 2017: Alliance Residential, AMLI Residential, ARA Newmark, The Bozzuto Group, Bridge Investment Group, Camden Property Trust, CBRE, Cushman & Wakefield, Equity Residential, Gables Residential, Heritage Title Company of Austin, HFF, Holland Partner Group, JLL, Legacy Partners Residential, Lincoln Property Company, National Multifamily Housing Council, Trammell Crow Residential, UDR, and Wood Partners. The top five firms for employee contributions to date are: ARA Newmark ($59,350), JLL ($58,601), Alliance Residential ($52,955), CBRE ($50,600), and The Bozzuto Group ($40,100). • NMHC PAC Co-Hosted Events: A significant amount of NMHC PAC funds are used co-hosting small real estate specific events allowing NMHC’s government affairs team to educated lawmakers on the importance of the multifamily industry and on the issues impacting our members’ bottom lines. • NMHC Personal Dollar Campaign: To strengthen the multifamily industry’s voice and visibility, the NMHC PAC committee created the Personal Dollar Campaign Program. In addition to events based in Washington, the NMHC PAC Committee continues to expand the personal dollar initiative and encourages NMHC executives to contribute directly to candidates at the federal level who are supportive of the apartment industry. This program helps NMHC leverage the level of political support attributed to the multifamily industry beyond the current Federal Election Commission (FEC) limits that govern NMHC PAC disbursements. By supporting this effort, NMHC members send a unified message in a political environment that is increasingly crowded to the key members of Congress with jurisdiction over the multifamily industry. • NMHC PAC Prior Authorization: Federal law requires member firms of NMHC to sign a Prior Authorization Form in order for the executive or administrative personnel of the firm to receive NMHC PAC information and/or be legally solicited for voluntary PAC contributions. Individual members do not need to sign Prior Authorization Forms. These signed forms allow NMHC staff to communicate with

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member firms about the importance of NMHC PAC and NMHC’s advocacy efforts on behalf of the industry. NMHC PAC only solicits lead and alternate representatives at member firms. NMHC conducts prior authorization campaigns at the beginning of each year. • 2017 NMHC Political Action Committee Leadership: Sue Ansel, President and CEO of Gables Residential, serves as the NMHC PAC Chairwoman. She is supported by the NMHC PAC Committee, which plays a critical role in fundraising and oversight. The 2017 NMHC PAC Committee members are:

Sue Ansel, Gables Residential – PAC Chairwoman Bruce Barfield, Rainmaker LRO Bill Bayless, American Campus Communities Laura Beuerlein, Heritage Title Company Diane Butler, Butler Advisers Mike Darling, Walker & Dunlop Marc deBaptiste, ARA Newmark Bob DeWitt, GID Alan George, Equity Residential Bob Hart, TruAmerica Multifamily Margette Hepfner, Lincoln Property Company Clyde Holland, Holland Partner Group Will Mathews, Colliers International Arlene Mayfield, RentPath Jim McGinley, Monogram Residential Trust Mike Miller, AUM Greg Mutz, AMLI Residential Keith Oden, Camden Property Trust Donna Preiss, The Preiss Company David Schwartz, Waterton Residential John Sebree, Marcus & Millichap/Institutional Property Advisors Jeff Stack, SARES*REGIS Group Paul Stell, The Stellar Family of Companies Leonard Wood, Jr., Trammell Crow Residential

For any questions or additional information about the PAC, please contact Lisa Costello, Vice President of Political Affairs, at 202-974-2325 or [email protected]. You may also learn more at www.nmhc.org/pac.

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2017 NMHC PAC Receipts (As of August 25, 2017)

Total Contributions: $1,007,679

Total Contributors: 762

Total Firms Participating: 134

 

Abacode Cybersecurity Experts Kirk Downey $100

$100AIMCO

Adam Schultz $100Patti Shwayder $500Terry Considine $2,000

$2,600Alliance Residential

Amy Corcoran $50Brad Cribbins $1,000Bruce Ward $5,000Cameron Omoto $150Carol Nelson $500Charles Patten $250Christina Putman $25Christopher Olsen $100Christy Sanchez $50Connie Spalla $100Cyrus Bahrami $500Daniel McCadden $1,500Donald Santos $250Douglas Leventon $250Dustin Smith $500Elizabeth Karl $300Emelia Dziadon $100Greta Schneider $200Ian Swiergol $1,000James Krohn $5,000Jay Hiemenz $5,000Jeffrey Krohn $250John Rippel $5,000John Viscichini $1,000Kelly Berchtold $100

Keri Conyers $200Kimberly Bucklew $1,000Kurt Robertson $1,000Laura Dobslaw $50Marc Chasman $2,000Marina Blixt $250Michael Ging $2,000Michael Jones $10Nicholas Chapman $5,000Peter Solar $250Rachel Davidson $150Robert Hall $1,000Robert Hicks $500Robert Weston $2,500Russ Kindorf $2,000Russell McCollough $500Sarah Malone $100Scott Pechersky $250Sherida Colvin $200Stephanie Nascimento $500Stephen Sweet $2,000Thomas Brewer $500Todd Oglesby $1,000Tom Lewis $1,000Tonya Decker $250Tracey Carboun $50Tracy Brunetti $500Travis Baker $20

$52,955

Allied Orion Group Gene Blevins $2,500Ian Douglas $2,500Ricardo Rivas $2,500

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Tim Myers $5,000

$12,500The Altman Companies

Brett Kapuler $250Christina DeFranceschi $33Christina Webb $180Christopher Tanis $130Derek Uhler $250Gary Glenewinkel $1,000Jeffrey Roberts $750Joel Altman $5,000Marisa Crescenzi $26Max Stamos $500Mike Jarosz $130Sheldon Edwards $65Sulay Nunez $130Thomas Barganier $250Timothy Peterson $750Valerie Palmer $25

$9,469American Campus Communities

Daniel Perry $1,000James Hopke $5,000William Bayless $5,000William Talbot $2,500

$13,500AMLI Residential

Allan Sweet $1,000Andrew Mutz $2,000Daniel Gladden $250Fred Schreiber $2,500Greg Mutz $5,000James McCormick $500Jason Armison $400Leslie Silverman $500Maria Banks $300Matthew Elley $100Nicole Tague $100Philip Tague $2,500Scott Koppelman $1,500Stephen Ross $750

$17,400ARA Newmark

Andrew White $2,500Blake Okland $5,000Blake Pera $1,000Brian O'Boyle, Jr. $1,000Brian O'Boyle, Sr. $5,000Casey Griffin $250

Curtis Gardner $5,000Debra Corson $3,500Doug Andrews $5,000Gail Neuburg $2,500Holly Minter $1,000Jeffery Hawks $2,500Kevin Judd $2,500Kevin O'Boyle $250Lisa Robinson $250Malcolm Crowther $1,000Marc deBaptiste $5,000Mark Leary $5,000Martin Leith $2,500Michael Byrne $2,500Robert Black $250Sam Lawhead $1,000Sean Wood $2,500Steven Rudesill $1,000Susan Goldberg-Lawson $1,000Thomas Greeley $250Tri Tran $100

$59,350ArchCo Residential

Neil Brown $5,000$5,000

AUM Linda Alperin $250Mark Coffman $250Melissa Croce $100Michael Miller $5,000Patrick Flanigan $1,000

$6,600AvalonBay Communities

Becky Ault $100Edward Schulman $1,500Leo Horey, III $2,500Michael Feigin $500Sean Breslin $2,500Stephen Wilson $1,500Tim Naughton $5,000

$13,600Avanath Capital Management

Daryl Carter $5,000$5,000

AZUMA Phillip Bogucki $300BJ Rosow $5,000

$5,300

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Bainbridge Richard Schechter $5,000

$5,000Bedford Cost Segregation

Joseph Viery $100

$100Bell Partners

Anne Ossewaarde $500Christie Jordan $125Darren Carrington $200Erin Ditto $500Evan Bell $1,000Hale McNinch $125Jami Moore $125John Maurer $500John Tomlinson $1,000Jonathan Bell $1,000Joseph Cannon $500Kevin Thompson $500Lili Dunn $1,000Nickolay Bochilo $500Salman Mujahid $125Stephen Hancock $125Steven Bell $1,000Wes Winterstein $125

$8,950Bergstrom Investment Management

Kelley Bergstrom $2,500

$2,500Berkadia

Laura Cathlina $1,000Ryan Epstein $1,000

$2,000Berkshire Property Advisors

Alan King $1,000

$1,000Berkshire Residential Development

Brian Murdy $500 $500Blue Ridge Companies

Chris Dunbar $1,250David Couch $1,250

$2,500The Bozzuto Group

Adanise Cross $500Audra Vernier $250Brad Coker $250Brian Valle $500Chad Cooley $850

Daniel High $100David Mandes $750David Schorr $500Dawn Beckles $500Doreen Trongone-Ciezki $500Glen Seidlitz $250Hilary Goldfarb $750Jeff Grant $500Jeffrey Kayce $850John Martin $750John Slidell $750JoLynn Bird-Scotch $850Joshua Peters $750Julie Smith $3,000Keith Harris $1,000Kelly Arslanian $500Kelly Cantley $750Lauren Jezienicki $1,000Liesa Wilburn $500Lisa Williams $500Michael Barry $500Michael Green $1,000Michael Henehan $850Michael Schlegel $2,000Nancy Goldsmith $850Richard Mostyn $3,000Stephanie Williams $2,000Steve Strazzella $2,000Thomas Bozzuto $5,000Toby Bozzuto $5,000Todd Jarrett $500

$40,100Bridge Investment Group

Bertt Kalesky $500Danuel Stanger $5,000David Minnick $5,000Dean Allara $500Eric Heffner $1,000Gino Ferro $250Jennifer Luikens $250Ken Metz $100Kevin Anderson $500Micah Brown $250Robert Morse $2,500

$15,850Brown Realty Advisors

Walter Miller $250$250

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Butler Advisers Diane Butler $2,500

$2,500Cambridge Management

Thomas Scott $250

$250Camden Property Trust

Alex Jessett $1,250Amy Funk $500Ashley Anderson $250Ben Fraker $500Benjamin Mills $500Bobby Rivers $500Chad Weaver $500Claude Joyce $500Cynthia Scharringhausen $1,250Dawn Mathwig $500Edward Malone $500Gregory Golick $500Herbert Stewart $2,500James Whorton $500Jean Harding $500Josh Lebar $1,250Keith Oden $5,000Kimberly Callahan $1,250Kip Zacharias $500Kristy Simonette $1,250Laura Little $500Laurie Baker $1,250Margaret Plummer $500Mark Bucci $500Melinda Graham $500Michael Brown $500Michael Gallagher $1,250Richard Campo $5,000Richard Key $500Robert Herr $500Ross Wehman $500Sarah Barletta $500Stanley Jones $500Steve Hefner $1,250Thomas Sloan $1,250Todd Triggs $500William Sengelmann $1,250

$36,750Campus Apartments

David Adelman $5,000 $5,000

Carter Haston Holdings

James Shanks $250L. Marc Carter $2,500

$2,750CBRE

Abraham Appert $500Amanda Siuda $250Andrew Behrens $1,500Benjamin Roelke $500Brian Eisendrath $2,500Brian McAuliffe $2,500Brian Stoffers $250Bryan McAllister $1,000Casey Knust $500Colleen Lally $100David Webb $2,500Don Brais $2,000Gregory Halloran $100Jaclyn Fitts $250Jamie Shafer $500Jay Wagley $500Jeffrey Hurley $500Jeffrey McVehil $1,000Jefrey Henderson $500Kathleen Frost $150Keith Collins $500Kelly Kennedy $1,000Kevin Geiger $1,000Kyle Draeger $2,500Laurie Lustig-Bower $500Leslie Duchene $250Matt Pesch $1,000Maximiliane Thiels $1,000Michael Bryant $500Michael Mandelbaum $250Michael Muldowney $1,750Mitchell Kiffe $2,500Peter Donovan $5,000Richard Jordan $1,500Robert Miller $250Scott Brady $1,000Sean Cunningham $1,000Sharon Kline $1,000Stephanie McFadden $1,000Stephen Wendel $500Tracy Kennedy $5,000Troy Tegeler $1,000Tyler Anderson $2,500

Page 34: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

William Connolly $500

$50,600CF Real Estate

Byron Cocke $5,000

$5,000Citymark Capital

Daniel Walsh, Jr. $1,000

$1,000The Collier Companies

Nathan Collier $5,000

$5,000Colliers International

Brandon Geraldo $500Craig Stack $500Cynthia Cooke $1,000David Schumacher $500James Devincenti $500Kathryn Wallace $250Ron Cameron $1,000Tyler Hague $500William Mathews $3,000William Morkes $500

$8,250CONTI Organization

Carlos Vaz $1,100Stewart Hsu $1,100

$2,200Continental Properties Company

Angelo Eguizabal $500Christopher Moore $250Daniel Minahan $2,000Edward Madell $500Erik Hahn $500Gerry Severson $500James Schloemer $5,000John Minahan $250Kimberly Grimm $600Paul Seifert $500

$10,600Convergence Multifamily

Lauren Brockman $5,000

$5,000Cortland Partners

Steve DeFrancis $5,000 $5,000Crescent Communities

Brian Natwick $250James Curran $500

$750

Crow Holdings Dodge Carter $1,000

$1,000Cushman & Wakefield

Andrew Merin $1,000Andrew Posil $100Anthony Liberto $100Brandon Whitesell $1,000Brett Polachek $250Brian Whitmer $500Byron Moger $2,500Chris Spain $1,250David Fogler $500Donald Murphy $200Edward Nwokedi $250James Adams $1,500James Crews $500Jason Parr $250John Alascio $750John Ballard, Jr. $1,500John Feeney $700Joseph Beaudoin $250Josh Goldfarb $2,500Karen Iman $500Kip Paul $1,000Marc Renard $2,500Marc Robinson $2,500Michael Kemether $1,750Michael McNamara $1,000Michael Ryan $50Nicole Keelty $100Robert Given $1,000Robert Stickel $2,500Scott Koethe $250Scott Pollom $100Steven Nicoluzakis $250

$29,100D2 Demand Solutions

Donald Davidoff $1,000Jessica Mills $175

$1,175Davlyn Investments

Jon Williams $2,000Paul Kerr $2,000

$4,000DC Partners

Douglas Crocker, II $1,500$1,500

Page 35: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Demmon Partners Charles Demmon $5,000Thomas Walsh $1,000

$6,000Eastdil Secured

Brenden Flood $500

$500ECI Group

Seth Greenberg $5,000

$5,000Eden Multifamily

Jay Massirman $1,000

$1,000EdR

Randy Churchey $5,000

$5,000Edward Rose & Sons

Warren Rose $5,000

$5,000Entrata

Robert Weathers $50

$50Equity Residential

Alan George $5,000Charles Atwood $2,500David Neithercut $5,000John Neal $2,500Linda Bynoe $2,500Mark Parrell $2,500Mary Kay Haben $2,500Sam Zell $5,000

$27,500Fogelman Properties

Mark Fogelman $500Richard Fogelman $500

$1,000Fore Property Company

Jonathan Fore $5,000 $5,000Gables Residential

Cristina Sullivan $2,000David Reece $1,500Dawn Severt $2,000Dennis Rainosek $1,500Helen Poorman $250John Ladson $400Joseph Wilber $2,000Michael Brown $750Richard Perry $250

Rosemary Laprete $700Susan Ansel $5,000

$16,350 GID

Robert DeWitt $5,000$5,000

Gray Holdings Lawrence Gray $1,000

$1,000GrayCo

Paul Sheehy $250$250

Greystar Real Estate Allison Bradshaw $100Damon Fuller $100Daniel Rolewski $125David Reid $250Deborah Webre $100Gerald Brand $200Lisa Taylor $500Lydia Bishop $200Rebecca Miller $100Robert Elliott $150Scott Wise $1,000Stacy Hunt $500Tina Pirtle $150

$3,475Haley Real Estate Group

Daniel Clatanoff $500$500

Hanover Company Murry Bowden $5,000Polly Bowden $5,000

$10,000Heitman

James Bachner $1,000$1,000

Heritage Title Company of Austin Gary Farmer $5,000Jan Dwyer $5,000Laura Beuerlein $5,000Steve Beuerlein $5,000Susan Farmer $5,000

$25,000HFF

Alan Lync $250Blake Rogers $1,000Brian Crivella $250

Page 36: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Brian Kelly $500Campbell Roche $250Chris Curry $250Chris Young $100Christopher Faneuf $1,000Christopher Ross $500Cory Fowler $250Denise Fansler $100Elliott Throne $500Greg Toro $250Hunter Combs $100Ira Virden $2,500Jason Nettles $500Jeff Glenn $250Jordan Robbins $1,000Joy Rippel $150Justin Good $100Kris Lowe $100Marty O'Connell $250Matt Kafta $300Matthew Lawton $2,500Matthew Mitchell $100Matthew Schoenfeldt $500Megan Thompson $250Mike Higgins $200Mona Carlton $2,500Robert Key $500Roberto Casas $1,000Roger Edwards $100Roland Merchant $1,000Ryan Fitzpatrick $1,001Sean Deasy $2,500Sean Fogarty $500Sean Sorrell $500Todd Marix $1,000Walter Coker $250Wickliffe Kirby $250William Miller $1,000Zachary Nolan $100

$26,201Holland Partner Group

Bob Coppess $5,000Clyde Holland $5,000John Wayland $2,500Ram Fullen $5,000Rena Holland $5,000Thomas Warren $5,000Tom Parsons $5,000

$32,500

Humphreys & Partners Architects Brad Lutz $500Brooke Iosue $50Kay Ahrens $100Mark Humphreys $5,000

$5,650Hunt Mortgage Group

John Larson $1,100$1,100

InfoTycoon Kevin George $250Peggy Robinson $100

$350The Irvine Apartment Communities

Raymond Barrows $1,000$1,000

JLL Alisan Rutland $500Andrea Howard $1,000Art Barnes $500Bill Simmons $1,000Brian Kelleher $5,000Christine Espenshade $2,500Corey Marx $1,000Darcy Miramontes $1,000David Fersing $500David Gutting $5,000David Williams $5,000Derrick Bloom $5,000Faron Thompson $5,000Jeff Price $5,000Jessica Wolters $2,500Jim Sewell $1,000Jorg Mast $1,000Karen Shea $100Kevin Filter $5,000Kip Malo $1,000Mark Brandenburg $500Michael Coyne $1,000Moses Siller $1,000Scott Lamontagne $2,501Scott Streiff $500Timothy Jordan $2,500Travis D'Amato $1,000Vincent Lefler $1,000

$58,601JVM Realty Corporation

William Annibali $250$250

Page 37: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Kettler Robert Kettler $5,000

$5,000 Lantower Residential

Philippe LaPointe $1,000

$1,000LeaseTerm Solutions

Richard Schreiber $1,000

$1,000LeCesse Development Corporation

Salvador Leccese $1,000

$1,000Legacy Partners Residential

Alexis Chartouni $500David Marta $600David Pinto $200Dean Henry $5,000Derek Avery $500Douglas Woo $1,000Guy Hays $1,000Kerry Nicholson $400Mark McKallor $250Preston Butcher $5,000R. Lane Cutter $150Robert Calleja $800Scott Morrison $1,000Steffenie Evans $200Timothy O'Brien $1,000

$17,600Legend Management Group

Ruth Eisenhauer $250

$250LEM Capital

Herbert Miller $1,000Jay Eisner $1,000

$2,000Lincoln Property Company

A. Mack Pogue $5,000Charles Shallat $2,000Duncan Slidell $500Jeff Franzen $5,000Margette Hepfner $1,500Scott Wilder $1,000Tim Byrne $5,000

$20,000MAA

Albert Campbell $1,000H. Eric Bolton, Jr. $2,500

$3,500Madera Residential

Charles Young $2,500David Marcinkowski $5,000Jeffery Lowry $2,500

$10,000Maxus Properties

Michael McRobert $5,000$5,000

MG Properties Group Mark Gleiberman $2,500

$2,500Milestone Management

Steve Lamberti $2,500$2,500

Mill Creek Residential Trust Charles Brindell, Jr. $2,500

$2,500Monogram Residential Trust

James McGinley III $1,000Robert Hodge $200

$1,200Moran & Company

David Martin $1,000Mary Ann King $2,500Paul Harris $1,000Randal Howard $1,000Thomas Moran $5,000

$10,500NALS Apartment Homes

Casey Brennan $500Henry Nevins $5,000Michael Schell $2,500

$8,000National Multifamily Housing Council

Ashley Moghari $50Caitlin Walter $120Cindy Chetti $5,000David Borsos $2,000David Knerler $120Deanita T Davis $250Deborah Lee $500Doug Bibby $5,000Eileen Lee $500Hailey Ray $200James Kimble Ratliff $1,000Jennifer Angebranndt $250Jim Lapides $199Julianne Goodfellow $100

Page 38: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Kenny Emson $5,000Kevin Donnelly $500Kimberly Duty $2,000Lisa Blackwell $500Lisa Costello Greenhaus $240Mark Obrinsky $100Matthew Berger $175Paula Cino $250Sarah Yaussi $250Susan Yuk $50

$24,354The NHP Foundation

Richard Burns $3,000

$3,000Niles Bolton Associates

G. Niles Bolton $5,000Ray Kimsey $500

$5,500NorthMarq Capital

Patrick Minea $500Robert Toland $100Susan Blumberg $1,000

$1,600Novare Group

James Borders $500

$500Package Concierge

Georgianna Oliver $1,000

$1,000Paradigm Development Company

Patricia Smith $500Stanley Sloter $500W. Clarke Ewart $500

$1,500PAS Purchasing Solutions

David Onanian $5,000

$5,000Passco Companies

Gary Goodman $5,000 $5,000Peak Campus

Casey Petersen $100 $100The Preiss Company

Donna Preiss $5,000Kirk Preiss $5,000

$10,000

Price Realty Corporation Michael Ochstein $5,000

$5,000Pritzker Realty Group

Seth Martin $1,250$1,250

Providence Management R.L. Hutchinson $1,500

$1,500Providence Management Company

Alan Pollack $4,000Bruce LaMotte $4,000David Connolly $1,750Gevanda Andrews $199Karen Phillips $300Kelly Flynn $25Noel Wilner $350

$10,624Rainmaker LRO

Larry Bellack $100$100

Raintree Partners Aaron Hancock $250Jeffrey Allen $1,000

$1,250RealPage

Stephen Winn $5,000Tamika McCuistion $1,000

$6,000Renters Legal Liability

Paul Kaliades $1,000$1,000

RGH Ventures Randolph Hawthorne $500

$500SARES*REGIS Group

Allen Chamasmani $250Amy Hutputtanasin $100Christian Santos $100Christopher Payne $1,500David Powers $500Geoffrey Stack $5,000Glenn Bellovin $100Janet Griffith $100Karen Bowman $100Kelly Vickers $100Laura Ontiveros $100Mark Khatoonian $250Mark Kroll $1,000

Page 39: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Michael Bissell $1,000Monique Von Lutzow Zitting $100Nancy Trujillo $100Robert Wagner $1,500Ryan Hinrichs $100Sandy Pedersen $250Stacy Winn $100Stephanie Dalzochio $100Stephen Broadstone $100Stephen Lanni $500Susan Whitney $250Virginia Bryant $500

$13,800Specialty Consultants

Thomas Williams $1,500

$1,500Sterling American Property

Michael Katz $2,500 $2,500StreetLights Residential

Tom Bakewell $2,500

$2,500Taymil Partners

Steven Astrove $1,500

$1,500Trammell Crow Residential

Alec Schiffer $500Alice Tanchel $500Andrew Huntoon $500Ben Johnson $250Danny Sudbrack $500Eric Erdossy $1,000Gillian Cho $500James Berardinelli $500James Feeley $100Julie Davis $100Kenneth Valach $5,000Leonard Wood, Jr. $2,000Matthew Schildt $1,000Nylavae Westlake $500Peggy Bertsch $1,500Robert Brooks $750Sean Rae $2,000Susan Vickery $1,000Taylor Moffatt $500Tyler Evje $300

$19,000Transwestern

Dean Sigmon $1,000

Justin Shay $500Robin Williams $500

$2,000TVO Groupe

Russell Vandenburg $2,000$2,000

UDR Andrew Cantor $500Brad Hodack $500Christopher Van Ens $500Cindy Shepardson $500David Thatcher $500Deiadra Burns $500Dennis Sandidge $500Douglas Fee $500Greta Donat $500Harry Alcock $1,000J. Abram Claude $500Jerry Davis $1,000Kathleen Hullinger $500Louis Kovalsky $500Mary Akers $1,000Matt Cozad $500Milton Scott Jr. $500Robert Koltiska $500Robert McCullough $1,000Roger Laty $500Scott Wesson $1,000Shawn Johnston $500Thomas Toomey $5,000Tim Yeager $500Tracy Hofmeister $500Warren Troupe $2,500William Licko $500

$22,500Updater

Ash Bell $250Jenna Weinerman $200

$450Walker & Dunlop

Michael Darling $2,500$2,500

Wastepoint David Kantor $250

$250The Wilkinson Group

Jerry Wilkinson $5,000$5,000

Page 40: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Waterton Associates

David Schwartz $5,000Peter Kuzma $100

$5,100Waypoint Residential

Adam Fruitbine $1,000

$1,000WC Smith

Christopher Smith $500John Ritz $500

$1,000Weidner Property Management

Dean Weidner $5,000Jack O'Connor $1,000

$6,000Wells Fargo

Vincent Toye $1,000 $1,000Westdale

Jeffrey Smith $5,000Joseph Beard $5,000

$10,000Wood Partners

Alexander Panzeri $500Bart Barrett $500Bennett Sands $500Bob Mueller $500Brian Hansen $500Brian Pianca $500Bryan Borland $500Carter Siegel $500Charles Barrus $500Clay Iman $500David Thompson $500Gil Dominy $500Jeff Quinlivan $500Jim Lambert $500Joseph Keough $5,000Mark Theriault $500Matt Trammell $500Matthew Berry $500Patrick Trask $2,000Richard Dickason $500Ryan Miller $500Scott Zimmerly $500Sean Reynolds $500Timothy McEntee $500Todd McCulloch $500

Todd Taylor $500Tom Burkert $500Will Chappell $500

$20,000Woodfield Investments

Greg Bonifield $500Michael Schwarz $500Michael Underwood $500Todd Jacobus $500

$2,000Woodmont Real Estate Services

Ronald Granville $1,500$1,500

Yardi Systems Jeffrey Adler $250Thomas McDermott $200

$450ZOM Companies

Andres Lozano $75Andrew Cretal $500Brian Warner $250Chris Love $100Dara Massimo $50Darryl Hemminger $250David Kubin $500Gerard van der Laan $100Graham Hatcher $500Gregory West $5,000Jason Haun $250Jolene Kirkland $100Kattya Via $100Kyle Clayton $500Luis Reyes $250Marc Zendle $50Maureen McGinnis $100Michael Yasuna $100Nick Rahman $200Samuel Stephens, III $5,000Shaun Fink $250Susan Madden $25Yvonne Fouts $25

$14,275

 

Page 41: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

  

2017-2018 DISBURSEMENTS January 1, 2017 – August 25, 2017 

U.S. House of Representatives

Member by Committee Party L-PAC Re-ElectLeadership James Clyburn, SC D $5,000 $2,500Joseph Crowley, NY D $5,000 Steny Hoyer, MD D $5,000 $5,000Ben Lujan, NM D $5,000 $5,000Kevin McCarthy, CA R $5,000 $5,000Nancy Pelosi, CA D $2,500 $5,000Cathy McMorris-Rodgers, WA R $5,000 $5,000Paul Ryan, WI R $5,000 $10,000Linda Sanchez, CA D $3,500Steve Scalise, LA R $5,000Pete Sessions, TX R $2,500 Ways & Means Mike Bishop, MI R $3,500Diane Black, TN R $2,500Kevin Brady, TX R $5,000 $5,000Vern Buchanan, FL R $2,500Judy Chu, CA D $5,000Carlos Curbelo, FL R $5,000Suzanne DelBene, WA D $4,000George Holding, NC R $4,000Mike Kelly, PA R $3,000 $10,000Ron Kind, WI D $5,000 John Larson, CT D $2,500Sandy Levin, MI D $1,000 John Lewis, GA D $2,500Kenny Marchant, TX R $5,000Pat Meehan, PA R $5,000Richie Neal, MA D $5,000 $5,000Devin Nunes, CA R $5,000Bill Pascrell, NJ D $2,000Erik Paulsen, MN R $5,000 $5,000

Page 42: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

  

Member by Committee Party L-PAC Re-Elect(Ways & Means Cont.) Tom Reed, NY R $1,500 $5,000Dave Reichert, WA R $1,500Jim Renacci, OH R $3,500Tom Rice, SC R $5,000Peter Roskam, IL R $5,000 $5,000David Schweikert, AZ R $1,000 $5,000Terri Sewell, AL D $2,500 $5,000Jason Smith, MO R $1,000 $5,000Adrian Smith, NE R $5,000Mike Thompson, CA D $4,000 $5,000Pat Tiberi, OH R $5,000 $10,000Jackie Walorski, IN R $3,500 Financial Services Andy Barr, KY R $5,000 $5,000Joyce Beatty, OH D $1,500 $5,000Mike Capuano, MA D $1,000William Lacy Clay, MO D $2,500Emanuel Cleaver, MO D $5,000 $2,500Charlie Crist, FL D $3,000John Delaney, MD D $5,000Sean P. Duffy, WI R $5,000 $5,000Tom Emmer, MN R $3,000Bill Foster, IL D $2,500Jason Gottheimer, NJ D $5,000Denny Heck, WA D $5,000Patrick McHenry, NC R $5,000 $5,000Jeb Hensarling, TX R $5,000 $5,000French Hill, AR R $5,000 Jim Himes, CT D $5,000 $3,500Trey Hollingsworth, TN R $1,000Bill Huizenga, MI R $5,000Randy Hultgren, IL R $4,500Ruben Kihuen, NV D $3,000Dan Kildee, MI D $1,000Blaine Luetkemeyer, MO R $5,000 $5,000Carolyn Maloney, NY D $5,000 $5,000Gregory Meeks, NY D $2,500 $5,000Luke Messer, IN R $5,000Gwen Moore, WI D $2,500Ed Perlmutter, CO D $5,000Robert Pittenger, NC R $5,000Bruce Poliquin, ME R $5,000

Page 43: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

  

Member by Committee Party L-PAC Re-Elect(Financial Services Cont.) Dennis Ross, FL R $5,000Keith Rothfus, PA R $1,000Edward Royce, CA R $5,000David Scott, GA D $5,000 Kyrsten Sinema, AZ D $5,000Steve Stivers, OH R $5,000Claudia Tenney, NY R $1,000Juan Vargas, CA D $1,000Nydia Velazquez, NY D $1,000Ann Wagner, MO R $5,000Maxine Waters, CA D $5,000 $5,000Lee Zeldin, NY R $1,000 Energy & Commerce Gus Bilirakis, FL R $1,000Marsha Blackburn, TN R $2,000Tony Cardenas, CA D $5,000Yvette Clarke, NY D $2,000Ryan Costello, PA R $1,000 $3,000Brett Guthrie, KY R $3,500Richard Hudson, NC R $2,000Leonard Lance, NJ R $1,000MarkWayne Mullin, OK R $2,000Tim Murphy, PA R $1,000Frank Pallone, NJ D $2,500Scott Peters, CA D $3,000John Shimkus, IL R $2,500Fred Upton, MI R $1,000Tim Walberg, MI R $2,000Greg Walden, OR R $2,000 Appropriations Pete Aguilar, CA D $2,000Mario Diaz-Balart, FL R $5,000Rodney Frelinghuysen, NJ R $10,000Tom Graves, GA R $3,000David Joyce, OH R $2,000Derek Kilmer, WA D $3,500Tom Rooney, FL R $2,500Dutch Ruppersberger, MD D $5,000Mike Simpson, ID R $5,000Scott Taylor, VA R $1,000David Valadao, CA R $5,000

Page 44: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

  

Armed Services Anthony Brown, MD D $1,500Bradley Byrne, AL R $1,000Joaquin Castro, TX D $2,000Liz Cheney, WY R $2,000Susan Davis, CA D $1,500Mike Gallagher, WI R $1,000Duncan Hunter, CA R $2,000Garamendi, John, CA D $1,000Steve Knight, CA R $4,000Seth Moulton, MA D $1,000Stephanie Murphy, NY D $2,000Steve Russell, OK R $1,000Martha McSally, AZ R $2,000Adam Smith, WA D $2,500Jackie Speier, CA D $1,000Elise Stefanik, NY R $4,500Mac Thornberry, TX R $5,000 Joe Wilson, SC R $1,000 Judiciary Hakeem Jeffries, NY D $1,500Cedric Richmond, LA D $4,500Lamar Smith, TX R $5,000 Transportation & Infrastructure Barbara Comstock, VA R $5,000Rodney Davis, IL R $1,000 $1,000Jeff Denham, CA R $5,000 $3,000Drew Ferguson, GA R $1,000Virginia Foxx, NC R $1,000Marcia Fudge, OH D $1,500Garret Graves, LA R $3,000Sam Graves, MO R $2,500John Katko, NY R $1,000Sean Patrick Maloney, NY D $2,500Brian Mast, FL R $1,000Mark Meadows, NC R $2,000Lisa Blunt Rochester, DE D $1,500David Rouzer, NC R $2,000Bill Shuster, PA R $5,000Lloyd Smucker, PA R $2,000

Page 45: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

  

Science and Technology Ann Kuster, NH D $2,500Jim Costa, CA D $1,000

 

   

Page 46: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

  

U.S. Senate

Member by Committee Party L-PAC Re-ElectLeadership John Barrasso, WY R $5,000 $3,000John Cornyn, TX R $5,000Dick Durbin, IL D $5,000Mitch McConnell, KY R $5,000Rob Portman, OH R $5,000Chuck Schumer, NY D $5,000John Thune, SD R $5,000 Banking Bob Corker, TN R $1,000 $5,000Mike Crapo, ID R $5,000Joe Donnelly, IN D $1,000 $5,000Heidi Heitkamp, ND D $5,000 $2,500Catherine Cortez Masto, NV D $2,500Robert Menendez, NJ D $2,500Mike Rounds, SD R $2,500David Perdue, GA R $5,000Tim Scott, SC R $1,500Thom Tillis, NC R $5,000Mark Warner, VA D $5,000 Finance Richard Burr, NC R $3,000Ben Cardin, MD D $5,000Tom Carper, DE D $1,000 $5,000Bob Casey, PA D $5,000Bill Cassidy, LA R $5,000Chuck Grassley, IA R $2,500Orrin Hatch, UT R $10,000Dean Heller, NV R $5,000Johnny Isakson, GA R $5,000Claire McCaskill, MO D $5,000Bill Nelson, FL D $2,500 $2,500Debbie Stabenow, MI D $5,000 $5,000Ron Wyden, OR D $5,000 Armed Services Tim Kaine, VA D $2,500 $2,500Angus King, ME D $1,000John McCain, AZ R $5,000

Page 47: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

  

Member by Committee Party L-PAC Re-ElectAppropriations Susan Collins, ME R $5,000Joe Manchin, WV D $5,000Chris Murphy, CT D $5,000Marco Rubio, FL R $5,000 Energy Jeff Flake, AZ R $5,000Martin Heinrich, NM D $5,000Mazie Hirono, HI D $1,000 Commerce Deb Fischer, NE R $5,000 $5,000Cory Gardner, CO R $5,000Gary Peters, MI D $5,000Dan Sullivan, AK R $1,500Roger Wicker, MS R $5,000 EPW Kirsten Gillibrand, NY D $5,000 $5,000Jim Inhofe, OK R $5,000

 

 

   

Page 48: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

  

2017-2018 Other Contributions

Party and Coalition PACs Party Amount

Democratic Congressional Campaign Committee D $30,000

Democratic Senatorial Campaign Committee D $30,000

National Republican Congressional Committee R $30,000

National Republican Senatorial Committee R $30,000

MainStreet Republican PAC R $5,000

BOLD PAC D $5,000

CBC PAC D $5,000

MainStreet Partnership PAC R $5,000

MODSQUAD PAC D $5,000

New Democrat Coalition PAC D $5,000

Right NOW Women’s PAC R $5,000

Tuesday Group PAC R $5,000

VIEW PAC R $5,000  

Page 49: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

FUTURE MEETINGS CALENDAR

Page 50: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Future Meetings (as of 9/6/17)

Meeting City/State Location 2017 September 25-27, 2017 Tampa, FL Tampa Marriott Waterside Hotel Student Housing Conference & Exposition and Marina (Entire Membership and Non-members invited) October 25-27, 2017 Las Vegas, NV Mandalay Bay Resort & Casino OPTECH Conference & Exposition (Entire Membership and Non-Members Invited) 2018 January 16, 2018 Orlando, FL Waldorf Astoria/Hilton Orlando Apartment Strategies Outlook Conference Bonnet Creek (Entire Membership and Non-Members Invited) January 16-18, 2018 Orlando, FL Waldorf Astoria/Hilton Orlando Annual Meeting Bonnet Creek (Entire Membership) April 17 & 18, 2018 Chicago, IL Omni Chicago Hotel Research Forum (Entire Membership) May 9-11, 2018 Dallas, TX Four Seasons Hotel Spring Board of Directors Meeting (Board of Directors) September 12-14, 2018 Washington, DC InterContinental at the Wharf Fall Board of Directors and Advisory Committee Meeting (Entire Membership)

Stay up-to-date with the NMHC meeting schedule by visiting www.nmhc.org/allmeetings.aspx

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SPEAKER BIOGRAPHIES

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Senator John Barrasso (R-WY) U.S. Senate

Senator John Barrasso has a long and distinguished career in both medicine and public service. In 2012, Barrasso was reelected to the U.S. Senate with over 75% of the vote to represent his home state of Wyoming. He is the fourth-ranking member in the Senate Republican leadership as Chairman of the Senate Republican Policy Committee. He serves on committees that directly impact Wyoming’s economy, energy interests, public lands, national parks and trade. Senator Barrasso is known by many as Wyoming’s Doctor. During his 24 years as an orthopedic surgeon, Barrasso served as President of the Wyoming Medical Society and was named Wyoming Physician of the Year. Barrasso has three children – Peter, Emma and Hadley. He and his wife Bobbi live in Casper.

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Steve Case Revolution LLC

As Chairman and CEO of Revolution LLC, a Washington, D.C.- based investment firm he co-founded in 2005, Steve partners with visionary entrepreneurs to build significant ‘built to last’ businesses. Revolution invests in and actively helps build companies leveraging technology to disrupt existing markets. This includes both early and mid-stage growth companies through both the Revolution Growth fund, created in 2011, and the Revolution Ventures fund, launched in 2013. Revolution has backed more than 30 companies, including: sweetgreen, Zipcar, Revolution Foods, LivingSocial, Bigcommerce and Optoro. Steve’s entrepreneurial career began in 1985 when he co-founded America Online (AOL). Under Steve’s leadership, AOL became the world’s largest and most valuable Internet company, driving the worldwide adoption of a medium that has transformed business and society. AOL was the first Internet company to go public and the best performing stock of the 1990s, delivering a 11,616% return to shareholders. At its peak, nearly half of Internet users in the United States used AOL. In 2000, Steve negotiated the largest merger in business history, bringing together AOL and Time Warner in a transaction that gave AOL shareholders a majority stake in the combined company. To facilitate the merger, Steve agreed to step down as CEO when the merger closed. Steve’s passion for helping entrepreneurs remains his driving force. He was the founding chair of the Startup America Partnership — an effort launched at the White House to accelerate high-growth entrepreneurship throughout the nation. Steve also was the founding co-chair of the National Advisory Council on Innovation & Entrepreneurship, and a member of President Obama’s Council on Jobs and Competitiveness, where he chaired the subcommittee on entrepreneurship. In 2014, Steve was named a Presidential Ambassador for Global Entrepreneurship. Steve has been a leading voice in shaping government policy on issues related to entrepreneurship, working across the aisle to advance public policies that expand access to capital and talent. He was instrumental in passing the JOBS (Jumpstart Our Business Startups) Act, and is active in advocating on behalf of immigration reform. In April, 2016, Steve released his #1 best-selling business book, The Third Wave, in which Case explains the ways newly emerging technology companies will have to rethink their relationships with customers, with competitors, and with governments; and offers advice for how entrepreneurs can make winning business decisions and strategies—and how all of us can make sense of this changing digital age. Steve is also Chairman of the Case Foundation, which he established with his wife Jean in 1997. Together the Cases have invested in hundreds of organizations, initiatives and partnerships with a focus on leveraging the Internet and entrepreneurial approaches to strengthen the social sector. In 2010, Steve and Jean joined The Giving Pledge and publicly reaffirmed their commitment to give away the majority of their wealth to philanthropic causes.

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Congresswoman Judy Chu (D-CA) U.S. House of Representatives

Judy Chu was elected to the U.S. House of Representatives in July 2009. She represents the 27th Congressional District, which includes Pasadena and the west San Gabriel Valley of southern California. Rep. Chu currently serves on the powerful House Ways and Means Committee, which has jurisdiction over legislation pertaining to taxes, revenues, Social Security, and Medicare. In that Committee, Rep. Chu is a member of the Subcommittees on Health and Human Resources, giving her oversight over healthcare reform and crucial safety net programs. She also serves on the House Small Business Committee, which has oversight of the Small Business Administration, and is a member of the Subcommittee on Economic Growth, Tax and Capital Access. Chu was first elected to the Board of Education for Garvey School District in 1985. From there, she was elected to the Monterey Park City Council, where she served as Mayor three times. She then was elected to the State Assembly and then California’s elected tax board, known as the State Board of Equalization. In 2009, she became the first Chinese American woman elected to Congress in history.

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Sean Conway Pillow Residential

Sean Conway is an avid traveler and CEO and Co-founder of Pillow, a company that makes short-term rental hosting easy, profitable, and compliant within Multifamily communities. Headquartered in San Francisco, the Company operates in 10 cities. Sean has a dream of making travel accessible for everyone and not just a luxury for some. Prior to Pillow, Sean was the Co-founder of Notehall, an online class and study notes provider, which was acquired by Chegg (NYSE: CHGG) in 2011.

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Senator Bob Corker (R-TN) Senate Committee on Foreign Relations

In 2012, Tennesseans overwhelmingly elected Bob Corker to his second term in the U.S. Senate, where he serves as chairman of the Foreign Relations Committee and is an active member of the Banking Committee and the Budget Committee. Bob was Tennessee’s commissioner of finance and mayor of Chattanooga before being elected to the Senate in 2006, but he spent most of his life in business. At the age of 25, Bob started his own construction company with $8,000 in savings, eventually expanding operations to 18 states across the country. It’s that results-driven businessman’s perspective that allowed him to make a mark early in his Senate tenure and become a pragmatic thought leader on fiscal and financial issues. Bob quickly rose to prominence on the Banking Committee, where he became known for his no-nonsense, tough questioning of witnesses during the auto industry bailout and 2008 financial crisis. Bob also is a key voice in Congress on housing finance reform. A bipartisan bill he coauthored in 2013 has been called the “blueprint” for how our nation’s housing finance system should look in the future. A key leader on our nation’s fiscal challenges, Bob is one of the few members of Congress to put pen to paper and produce a bill that would set our country on a path to fiscal solvency. As one of the most fiscally conservative members of Congress, he continues to fight against Washington’s all too common practice of “generational theft.” Recognizing the important impact U.S. leadership and diplomacy abroad can have on our economy and national security, Bob also is an active leader on the Foreign Relations Committee. Since taking office in 2007, he has visited more than 70 countries to gain a deeper understanding of the strategic relationships between the U.S. and other nations, and in 2015, his colleagues elected him chairman. As the lead Republican on the committee, Corker works with his colleagues to set the committee agenda and help carry out legislative and oversight responsibilities. Bob graduated from the University of Tennessee in 1974 with a degree in Industrial Management. He and his wife of 30 years, Elizabeth, live in Chattanooga. They have two daughters, Emily Corker, Julia and her husband Justin Spickard, and one grandchild.

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Erik Eccles Urbandoor

Erik Eccles is a successful serial entrepreneur who, across multiple industries, has worked as a catalyst to grow markets. After 15 years of building his own companies and driving change at Cisco Systems and Yahoo!, Erik knows the intense work needed for success and how to engage customers, employees, and investors to build a business. Erik’s two prior successes are Jumpcut (acquired by Yahoo!) and Versly (acquired by Cisco). At Cisco, Erik and the full Versly team was a major figure in the development and launch of their cloud based collaboration platform, Cisco Spark. At Urbandoor, Erik and his team is now focused on helping multifamily benefit from the market transition beyond unfurnished apartments. Erik continues to invest in and advise for numerous startups. Erik holds a degree in finance focused on venture from the University of Colorado Boulder where he was lucky enough to continue his competitive ski racing career. Erik works to live and spends his time with his wife Laura and two young kids in the San Francisco Bay Area as well as back in his hometown of Truckee, CA.

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Dr. Mark Eppli Marquette University

Mark J. Eppli has 25 years of academic and administrative leadership experience, including a three year term as Interim Keyes Dean of Business Administration at Marquette University. Currently he is Professor of Finance and Bell Chair in Real Estate at Marquette. Prior to joining Marquette in 2002, he was Professor of Finance and Real Estate in the School of Business and Public Management at The George Washington University, where he directed the MBA program in Real Estate and Urban Development. Dr. Eppli is widely published in commercial real estate finance, development, and valuation. His research has been published in journals including Real Estate Economics, Journal of Real Estate Finance and Economics, Land Economics, Journal of Fixed Income, Journal of Portfolio Management, Journal of Real Estate Research, Southern Economic Journal, Journal of Real Estate Literature, The Appraisal Journal, Real Estate Review, among others. Additionally, Dr. Eppli is coauthor of two books, the fourth edition of Real Estate Development: Principles and Process and Valuing the New Urbanism, both published by the Urban Land Institute. Dr. Eppli serves on the board of a number of financial service, real estate development, and not-for-profit organizations. He regularly presents on commercial real estate and business economics and has received more than $500,000 in research and program grants. Dr. Eppli has served as a consultant to finance, real estate and government entities. In 1997 he was the recipient of the Greater Washington Urban League’s “Volunteer of the Year” and in 1999 he received the Urban Land Institute’s “Star Performer” award for his efforts in attracting minorities to the real estate industry through outreach programs. Dr. Eppli earned his PhD, MS, and BBA from the University of Wisconsin – Madison.

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Congressman Adriano Espaillat (D-NY) U.S. House of Representatives

Congressman Espaillat currently serves as a member of the influential U.S. House Foreign Affairs Committee on Education and the Workforce, and the House Select Committee on Small Business. He is a member of the Congressional Hispanic Caucus (CHC) and serves in a leadership role as CHC Freshman Representative to the Democratic Caucus. He also serves as Chairman of the CHC Task Force for Transportation, Infrastructure and Housing. A steadfast champion for working- and middle-class New Yorkers, Congressman Espaillat is a staunch advocate of a fair living wage, immediate and effective investments in affordable housing, meaningful criminal justice reform, infrastructure improvements, expanded youth programs, and better educational opportunities. Throughout the tenure of his career in public service, Congressman Espaillat has been a vocal advocate for protecting tenants, improving schools, and making serious, smart investments in economic development, job creation, and environmental protection. Prior to coming to Congress, he served as a New York State Senator during which he represented the neighborhoods of Marble Hill, Inwood, Washington Heights, Hamilton Heights, West Harlem, the Upper West Side, Hell's Kitchen, Clinton, and Chelsea. While in the New York State Senate, Congressman Espaillat served as the Ranking Member of the Senate Housing, Construction, and Community Development Committee; Chairman of the Senate Puerto Rican/Latino Caucus; and as a member of the Environmental Conservation, Economic Development, Codes, Insurance, and Judiciary committees. Prior to his tenure as a state senator, he served in the New York State Assembly, and in 1996 became the first Dominican-American elected to a state legislature. In 2002, Espaillat was elected chair of the New York State Black, Puerto Rican, Hispanic and Asian Legislative Caucus. Prior to entering elected office, Congressman Espaillat served as the Manhattan Court Services Coordinator for the NYC Criminal Justice Agency, a non-profit organization that provides indigent legal services and works to reduce unnecessary pretrial detention and post-sentence incarceration costs. He later worked as Director of the Washington Heights Victims Services Community Office, an organization offering counseling and other services to families of victims of homicides and other crimes, and as the Director of Project Right Start, a national initiative funded by the Robert Wood Johnson Foundation to combat substance abuse by educating the parents of pre-school children. Congressman Espaillat is a proud father and grandfather.

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Joe Fraiman Parallel

Joe Fraiman is the Co-founder/COO of Parallel, a next generation distributed accommodations company. His team is partnering with leading real estate companies to create a premium accommodations brand aimed at the modern business traveler, built on top of Parallel's best-in-class software platform. Before founding Parallel, Joe was an early employee at Bridgewater Associates, where he spent 7 years. During that time Bridgewater went from a boutique investment firm to the largest hedge fund in the world. Joe started at Bridgewater as a software engineer and held a variety of technical roles before joining the firm’s sales team. His team raised over $2B for Bridgewater's fund before he left in 2011 to found his first startup, Tastemaker. Joe is a native of Homer, Alaska. He has hiked 1000 miles on the Appalachian Trail, competed in 24-hr mountain bike races, climbed Mt. Kilimanjaro, and is a KCBS Certified Barbecue Judge. Joe studied Computer Science at Dartmouth and NYU.

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Jason Fudin WhyHotel

Jason Fudin is the CEO and Co-Founder of WhyHotel. Prior to WhyHotel, Jason was the VP of Strategic Initiatives at Vornado Realty Trust where he worked on developing innovative commercial real estate concepts for the organization. Over his career, Jason has managed commercial real estate development projects valued at over $2 billion and has worked in development, acquisitions, and capital markets. He has his B.Eng. in Mechanical Engineering with a minor in Management from McGill University and his M.S. in Finance and Real Estate from American University.

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Congressman Jeb Hensarling (R-TX) U.S. House of Representatives

First elected to Congress in 2002, Jeb Hensarling is a recognized conservative leader in Congress and an outspoken advocate for economic opportunity, individual liberty, and religious freedom. As chairman of the House Financial Services Committee, Jeb is a leader in promoting consumer choice, competitive markets, and smart regulation in our financial markets. He was the only member of Congress to have introduced comprehensive reform legislation for Fannie Mae and Freddie Mac during the credit crisis, lauded in the media as “a concrete plan for fixing Fannie and Freddie.” Jeb was recognized by The New York Times for “leading the GOP Vanguard against the Bailout,” and was the only member of Congress to have introduced a legislative alternative to TARP during the heart of the credit crisis, which would have minimized taxpayer exposure and the politicization of the market. A lifelong conservative dedicated to advancing the principals of faith, family, free enterprise, and freedom, Jeb was chosen by his congressional colleagues during the 112th Congress to chair the House Republican Conference—the fourth ranking leadership position in the House—and in the 110th Congress, he was elected chairman of the Republican Study Committee—the largest conservative caucus in the House. The Associated Press recently recognized Jeb’s consistency on conservative issues saying, “he made cutting federal spending, ending earmarks and reducing the size of government his priorities before the tea party came into existence.” In recognition of his relentless fight to cut wasteful Washington spending and remove barriers to job growth, Jeb was appointed to serve on the Congressional Oversight Panel for TARP, the National Commission on Fiscal Responsibility and Reform, and was most recently appointed co-chairman of the Joint Select Committee on Deficit Reduction. Prior to the 112th Congress, Jeb served as the number two Republican on the House Budget Committee—under Paul Ryan—and has consistently fought to reduce our debt and stop out-of-control Washington spending. He is a co-author of the “Spending, Deficit, and Debt Control Act,” a landmark budget reform bill that was heralded as the “gold standard” of budget enforcement legislation by a coalition of conservative groups, including the Americans for Tax Reform, Citizens United Against Government Waste, Citizens for a Sound Economy, and the National Taxpayer Union. Jeb also authored the “Spending Limit Amendment”—a Constitutional amendment that would limit federal spending to no more than 20% of the economy—the historic average since WWII. For his work to rein in wasteful Washington spending and put our country back on a fiscally sustainable path, the National Review Online dubbed him “Rep. Budget Reform,” and The Dallas Morning News called him a “truth teller” who “has become one of the most important GOP members of Congress.” Born in Stephenville, Texas, Jeb grew up working on his father’s poultry farm near College Station where he learned the value of hard work. His values were further solodified through his participation in Boy Scouts, where he earned the coveted rank of Eagle Scout. He earned a degree in economics from Texas A&M University in 1979 and a law degree from the University of Texas in 1982. Before coming to Congress, Jeb spent ten years in private business, serving as an officer for a successful investment firm, a data management company, and an electric retail company. Jeb and his wife, Melissa, are members of St. Michael and All Angels Church, and reside in Dallas with their two children.

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Margette Hepfner Lincoln Property Company

Margette Hepfner, Senior Vice President of Client Services for Lincoln Property Company, brings over 18 years of multifamily industry experience. Hepfner is changing up the company's approach to client services in addition to corporate marketing and strategic initiatives within Lincoln Property Company. She is responsible for building new client relationships, expanding existing relationships with institutional and high-net-worth clients, as well as identifying opportunities to grow Lincoln's third party management business across the country. Margette is currently a member of the National Multi-Housing Council's Political Action Committee, Past Chairperson of the National Apartment Association's (NAA) National Suppliers Council and has served on numerous committees in both organizations. She holds a Bachelor of Science degree in Business Administration from the University of Texas at Dallas.

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Congressman Jim Himes (D-CT) U.S. House of Representatives

Jim Himes represents Connecticut’s 4th District in the United States House of Representatives where he is serving his fifth term. He is a member of the House Committee on Financial Services, serves as the ranking member of the NSA and Cybersecurity Subcommittee of the House Permanent Select Committee on Intelligence, and is Chair of the New Democrat Coalition. Jim grew up as the child of a single working mom in a small town. As a member of Congress, Jim works hard to provide all American children the same opportunities he had to succeed: access to a first-rate public school, affordable and effective health care, a decent and safe home, and a supportive community. Born in Lima, Peru in 1966 to American parents, he spent the early years of his childhood in Peru and Colombia while his father worked for the Ford Foundation and UNICEF. As an American abroad, Jim grew up fluent in both Spanish and English and was raised with an awareness of the unique position of the United States in the world. At the age of ten, Jim moved with his mother and sisters to the United States. Jim graduated from Hopewell Valley Central High School and then attended Harvard University. After completing his undergraduate work, Jim earned a Rhodes Scholarship, which enabled him to attend Oxford University in England where he continued his studies of Latin America, including research in El Salvador. Prior to his service in Congress, Jim ran the New York City branch of The Enterprise Community Partners, a nonprofit dedicated to addressing the unique challenges of urban poverty. Jim’s team led the way in financing the construction of thousands of affordable housing units in the greater New York metropolitan region, often using new green technologies to achieve energy efficiency and reduce utility costs. Jim’s experience at Enterprise spurred his involvement in politics. Putting his expertise in affordable housing to work, Jim served as a Commissioner of the Greenwich Housing Authority, ultimately chairing the board and leading it through a much-needed program of reforms. Jim went on to become an elected member of his town's finance board, setting tax and budget policy for Greenwich. Jim has also served as Chair of his local Democratic Town Committee, organizing others in the community to become more active in the political process. Jim began his professional career at Goldman Sachs & Co. where he worked his way up to Vice President over the course of a 12-year career. There he worked extensively in Latin America and headed the bank’s telecommunications technology group. Jim lives in Greenwich with his wife Mary and two daughters Emma and Linley.

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Maksim Ioffe SubletAlert.com

Maksim Ioffe is a real estate investor and the founder of SubletAlert.com. He founded SubletAlert.com out of necessity for himself and his business partners, and it's since spread through word of mouth and become a must have illegal sublet monitoring service for property managers nationwide. Prior to SubletAlert.com, Maksim worked at and founded multiple technology companies. Maksim holds a Bachelor's in Computer Science from Carnegie Mellon University and lives in San Francisco, CA.

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Congressman Erik Paulsen (R-MN) U.S. House of Representatives

In January 2017, Congressman Erik Paulsen was sworn in to serve his fifth term representing Minnesota’s Third Congressional District. Paulsen's legislative agenda parallels the initiatives that make Minnesota a great place to live, work and raise a family: a strong economic climate for job growth, a fairly-funded and accountable education system, a well-preserved environment, safe communities, and tax reform for taxpayers and businesses. Paulsen is a member of the Ways & Means Committee, which has jurisdiction over health care, economic and trade policy and is the chief tax writing committee in the House of Representatives. He supports pro-growth initiatives and believes that open markets are the key to a strong economy. Erik is also a member of the Joint Economic Committee, a bicameral Congressional Committee composed of ten members from the U.S. Senate and the U.S. House of Representatives, which studies and performs research on matters relating to the U.S. economy, and advises Congress on how to best spur economic growth and create jobs. Erik serves as co-chair of the House Medical Technology Caucus and is a leader in advocating for the medical technology industry, the life-saving technologies it provides to patients, and the hundreds of thousands of jobs it supports. In addition, he is co-chair of the Transatlantic Trade and Investment Partnership (TTIP) Caucus to promote trade with Europe. Paulsen is also a leading advocate for combating sex trafficking and is the chief author of legislation to expand safe harbor laws to ensure minors who are trafficked are treated as victims instead of criminals by the justice system, as well as legislation to reform child welfare systems and protect vulnerable youth from sexual exploitation. Both bills passed the House of Representatives with overwhelming support. Erik brings real-world experience to Capitol Hill with over 16 years of business experience, including working as a business analyst at Target Corporation. Before being elected to Congress in 2008, Paulsen represented Minnesotans for 14 years in the State Legislature where he served as House Majority Leader from 2003 to 2007. He received his B.A. in mathematics from St. Olaf College and resides in Eden Prairie with his wife and their four daughters.

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Senator David Perdue U.S. Senate

David Perdue is the junior Senator from Georgia. David is the only Fortune 500 CEO in Congress and has over 40 years of business experience as the former CEO of Reebok athletic brand and Dollar General stores, where he created thousands of quality jobs and helped working families make it from payday to payday.

David was born in Macon, Georgia and raised in Warner Robins where he grew up working on his family farm. Both of David’s parents were school teachers, and from an early age David was taught the importance of hard work and a good education.

At Georgia Tech, David earned a degree in Industrial Engineering and a master’s in Operations Research while working warehouse and construction jobs. After graduating, he married his wife Bonnie, whom he had met in the first grade and they have been married for 44 years.

Prior to his decisive election to the U.S. Senate in 2014, David had never held public office and was inspired to shake up Washington and change the direction of our country. David is a champion for term limits for politicians, reining in out-of-control spending, growing the economy, and tackling our nation’s debt crisis. In 2016, David was an early supporter of President Donald J. Trump and continues to be one of the President's closest allies in the U.S. Senate.

For the 115th Congress, David serves on the Armed Services Committee; Banking Committee; Agriculture Committee; and Budget Committee. His role on these powerful committees puts him at the intersection of solving our national debt crisis and global security crisis.

David and Bonnie live in Glynn County, Georgia and attend Wesley United Methodist Church. They have two sons and three grandsons, who are their inspiration for coming to the U.S. Senate.

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Glenn Richards Pillsbury Winthrop Shaw Pittman, LLP

Glenn represents VoIP and cloud communications service providers; satellite, wireless, long-distance and competitive local exchange carriers; broadcasters; equipment manufacturers; trade associations and others in transactional matters and before the FCC and state public utilities commissions. A partner in the firm’s Global Sourcing practice, Glenn also negotiates global telecommunications service contracts for large corporations. He also helps investors in communications companies manage regulatory risks associated with mergers, acquisitions, IPOs and financings.

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Congresswoman Cathy McMorris Rodgers (R-WA) U.S. House of Representatives

Rep. Cathy McMorris Rodgers is Eastern Washington’s chief advocate in Congress and one of the rising stars in American politics. Since first being elected to the House in 2004, she has earned the trust of her constituents and praise on Capitol Hill for her hard work, conservative principles, bipartisan outreach, and leadership. She is currently serving as the Chair of the House Republican Conference, a position making her the fourth highest-ranking Republican, and the highest ranking female Republican in the House of Representatives. As someone who grew up on a family farm, worked at a small business, and later became a wife and mom, Cathy McMorris Rodgers has lived the American Dream, and she sees her chief goal in Congress as rebuilding that Dream for our children and grandchildren.

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Speaker of the House Paul Ryan U.S. House of Representatives

Paul Ryan is the 54th Speaker of the U.S. House of Representatives. Now serving his tenth term in the House, he represents Wisconsin’s First Congressional District. Paul, his wife, Janna, and their three children, Liza, Charlie, and Sam, live in Janesville, Wisconsin.

Son of Janesville

A fifth-generation Wisconsinite, Paul is the youngest of four children born to Paul Sr. and Betty Ryan. When he wasn’t in school, he helped make ends meet by doing all sorts of odd jobs: painting houses, landscaping, mowing lawns. He graduated from Joseph A. Craig High School and later earned a degree in economics and political science at Miami University in Ohio.

The Conservative Movement

In 1992, Paul moved to Washington, D.C., where he learned from a number of conservative mentors. His first job was working as an aide to Senator Bob Kasten (R-WI) on the Senate Small Business Committee. After a disappointing election for Republicans, he left the Hill to do policy analysis at the think tank Empower America for former Congressman Jack Kemp (R-NY). (He met Kemp while waiting tables at the Capitol Hill restaurant Tortilla Coast.) In November 1994, Republicans won a majority in the House for the first time in 40 years. The next year, Paul returned to the Hill as legislative director to then-Congressman Sam Brownback (R-KS).

Wisconsin’s First District

In 1998, after moving back to Janesville, Paul won his first election to the House at the age of 28. He was the youngest member of his freshman class. While serving in Congress, he met his wife, Janna. In April 2000, he proposed at a favorite fishing spot, Big St. Germain Lake in Wisconsin. They were married in Oklahoma City later that year. Today, they live on the same block Paul grew up on, and they have three children: Liza, Charlie, and Sam. They are parishioners at St. John Vianney Catholic Church.

Setting the Agenda

In 2008, Paul received national attention for writing “The Roadmap for America’s Future,” a plan to spur economic growth by fixing the tax code and pay off the national debt by reforming Medicare and Social Security. In 2011, he became chairman of the House Budget Committee, where he incorporated many of the roadmap’s ideas into his budget proposal, “The Path to Prosperity.” The House of Representatives passed his budget proposal every year he was chairman—or four years in a row. In 2012, Paul was the Republican nominee for vice president of the United States. In 2013, he and Senator Patty Murray (D-WA) negotiated the first budget agreement in a divided Congress since 1986.

Getting the Job Done

In 2015, Paul became chairman of the House Ways and Means Committee. In the spring of that year, he led the effort to renew trade promotion authority for the first time since 2002. Paul also played an important role in the first significant Medicare reform in years. In October 2015, after then-speaker John Boehner retired from Congress, Paul was elected speaker of the House. A committed conservative and public servant, Paul has spent his life advocating for real solutions that will expand opportunity for all Americans. And to the speakership, he brings that same passion for getting results.

Page 71: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

J.D. Vance Author

J.D. Vance is an investor, commentator, and author of the #1 New York Times best seller Hillbilly Elegy: A Memoir of a Family and Culture in Crisis, described by the National Review as a “brilliant book” and by The Economist as “one of the most important” reads of 2016. Ron Howard and Brian Grazer of Imagine Entertainment have announced plans to produce a movie based on Vance's book. Raised by his working-class grandparents in Middletown, Ohio, Vance graduated from Middletown High School in 2003 and then immediately enlisted in the U.S. Marine Corps. During his time in the Marines, he deployed to Iraq in support of Operation Iraqi Freedom. When he finished his four-year enlistment, Vance enrolled at Ohio State University, where he studied political science and philosophy, and helped coordinate the university’s bipartisan voter education drive in 2008. After graduating from college, he studied at Yale Law School, where he worked at Yale’s Veterans Legal Services Clinic, providing free legal counsel to veterans of our nation’s wars in Vietnam and Iraq. Vance earned his law degree in 2013. After a stint at a large corporate law firm, Vance moved to San Francisco to work in the technology industry. He serves as a principal at the leading Silicon Valley venture capital firm Mithril Capital, cofounded by Peter Thiel and Ajay Royan. As an investor, Vance has taken a special interest in the biotechnology industry and other transformative sectors of the economy. In early 2017, Vance joined as a partner in AOL founder Steve Case’s venture capital company, Revolution LLC, which concentrates on bolstering entrepreneurship and disruptive, high-growth companies outside of the sphere of Silicon Valley. He also returned home to Ohio to found Our Ohio Renewal, a nonprofit organization dedicated to addressing the state’s opioid crisis and bringing high-quality employment and educational opportunities to Ohioans. He regularly discusses politics and public policy, having appeared on ABC, CBS, and FOX News, and currently serving as a contributor on CNN. Vance lives in Columbus, Ohio, with his wife and two dogs, where he works on his nonprofit and investment activities.

Page 72: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Senator Chris Van Hollen Chair, Senatorial Campaign Committee

Elected to the United States Senate by the people of Maryland in November 2016, Chris Van Hollenan is committed to fighting every day to ensure that our state and our country live up to their full promise of equal rights, equal justice, and equal opportunity.

Senator Van Hollen believes that every child deserves the opportunity to pursue their dreams and benefit from a quality education, and that anyone willing to work hard should be able to find a good job. That’s why his top priorities include creating more and better jobs, strengthening small businesses, and increasing educational and job training opportunities for individuals of all ages and in every community.

Senator Van Hollen started his time in public service as a member of the Maryland State Legislature, where he became known as a tenacious advocate for everyday Marylanders and someone who was unafraid to take on powerful special interests on behalf of working people. In 2002, he was elected to represent Maryland’s 8th Congressional District. In the House of Representatives, he served as a member of the Democratic leadership and was elected by his colleagues to be the Ranking Member of the House Budget Committee and protect vital interests like Social Security and Medicare.

A tireless fighter for the people of Maryland, Senator Van Hollen has also become known for working hard to find common sense solutions to difficult national issues. In January 2015, he released a comprehensive plan to address the problem of growing inequality in America and provide a blueprint for building an economy that works for everyone — a goal that he will continue to fight for in the U.S. Senate.

Senator Van Hollen is proud to have worked successfully with members of both parties to pass bipartisan legislation whenever possible on issues of common concern, including expanding medical research, protecting the Chesapeake Bay, fighting childhood cancer, and passing the ABLE Act to assist families with children with disabilities.

Chris Van Hollen is a graduate of Swarthmore College, the John F. Kennedy School of Public Policy at Harvard University, and Georgetown University Law Center where he attended night school. He and his wife, Katherine Wilkens, are the proud parents of three children, Anna (26), Nicholas (25), and Alexander (21).

Page 73: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Melvin L. Watt Federal Housing Finance Agency

Born in Mecklenburg County, North Carolina on August 26, 1945, Mel Watt was a 1967 Phi Beta Kappa graduate of the University of North Carolina with a BS degree in Business Administration. In 1970 he received a JD degree from Yale University Law School and was a published member of the Yale Law Journal. Mel practiced law from 1970 to 1992, specializing in minority business and economic development law. He served in the North Carolina State Senate from 1985 to 1986. He served in the U.S. House of Representatives from 1993 to 2014 as a member of the House Financial Services Committee and the House Judiciary Committee. He was confirmed by the U.S. Senate and was sworn in as the Director of the Federal Housing Finance Agency on January 6, 2014. Mel is married to Eulada Paysour Watt, an educator. They have two sons, Brian and Jason, both graduates of Yale University, and three grandchildren.

Page 74: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

ATTENDEE LIST

Page 75: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

September 12 - 14, 2017

The Fairmont Hotel

Washington, DC

NMHC Fall Board of Directors and Advisory Committee Meeting

As of August 31, 2017

CJ Aberin

Principal

KBKG

Pasadena, CA

Michael Adamo

Director, Development

Rose Associates, Inc.

New York, NY

Jeffrey W. Adler

Vice President

Yardi Matrix

Centennial, CO

Harry Alcock

Senior Vice President, Asset

ManagementUDR, Inc.

Highlands Ranch, CO

Rohit Anand

Principal

KTGY Architecture + Planning

Vienna, VA

Scott E. Anderson

Executive Vice President

American Realty Advisors

Los Angeles, CA

Jennifer M. Angebranndt

Vice President, Meetings

National Multifamily Housing Council

Washington, DC

Susan Ansel

President and CEO

Gables Residential

Dallas, TX

Kim Ashley

Director, National Accounts

Brook Furniture Rental

Lake Forest, IL

James G. Babb, III

Senior Managing Director

Bluerock Real Estate, LLC

New York, NY

Kenneth J. Bacon

Managing Partner

RailField Realty Partners

Bethesda, MD

Dan Baker

Executive Vice President

KeyBank Real Estate Capital

Chicago, IL

Laurie A. Baker

Senior Vice President

Camden Property Trust

Houston, TX

William C. Bayless, Jr.

CEO

American Campus Communities

Austin, TX

Alexander S. Beaumariage

Program Manager - Affordable Housing

KeyBank Real Estate Capital

Dallas, TX

Betsy Feigin Befus

General Counsel

National Multifamily Housing Council

Washington, DC

Roger H. Beless

Chief Operating Officer

StreetLights Residential

Dallas, TX

Michael Bensimon

Capital Markets

LGA Capital

Rockville, MD

Matthew M. Berger

Vice President, Tax

National Multifamily Housing Council

Washington, DC

Kelley A. Bergstrom

Chairman

Bergstrom Investment Management,

LLC

Key Colony Beach, FL

Casey Berman

Partner

LIVEbe

Rockville, MD

Peggy Bertsch

Chief Administrative Officer

Trammell Crow Residential

Dallas, TX

Douglas M. Bibby

President

National Multifamily Housing Council

Washington, DC

Lee Bienstock

Real Estate Partnerships

Google Fiber

Mountain View, CA

1

Page 76: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Kat Billesdon

Regional Sales Manager

On-Site.com

Campbell, CA

Ethan Bing

Senior Vice President

Starwood Capital Group

Greenwich, CT

Ian Bingham

SVP, Client Services

CF Real Estate Services LLC

Atlanta, GA

Robert Blackman

National Sales Manager - Commercial

Fairway Architectural Railing Solutions

Hamilton Township, NJ

Lisa E. Blackwell

Vice President, Housing Policy

National Multifamily Housing Council

Washington, DC

Katie Bloom

Managing Director

Goldman Sachs

Irving, TX

Jack Boarman

CEO

BKV Group

Minneapolis, MN

Valerie Bollin

Vice President of National Sales

ForRent.com

Norfolk, VA

Thomas Booher

Executive Vice President

PNC Real Estate

San Francisco, CA

David J. Borsos

Vice President, Capital Markets

National Multifamily Housing Council

Washington, DC

Peter J. Borstelmann

Senior Vice President

Bellwether Enterprise Real Estate

Capital, LLC

Pittsburgh, PA

Thomas S. Bozzuto, Jr.

President & CEO

The Bozzuto Group

Greenbelt, MD

Allison Bradshaw

Managing Director, Investments

Greystar Real Estate Partners, LLC

New York, NY

Adam C. Breen

Managing Director

DRA Advisors, LLC

New York, NY

Rene Bremauntz

Principal

Allied Orion Group

Houston, TX

Stephanie Brock

President

U.S. Residential Group LLC

Dallas, TX

Lauren A. Brockman

Principal

Convergence Multifamily Real Estate

Group

Denver, CO

Jeffrey Brodsky

Vice Chairman

Related Companies

New York, NY

Phil Brosseau, Jr.

CBRE

Charlotte, NC

Brad S. Brown

Chief Acquisitions Officer

Cortland Partners, LLC

Atlanta, GA

Neil T. Brown

CEO

ArchCo Residential

Atlanta, GA

Stephanie Brown

Director, Institutional Sales

Rainmaker LRO

Alpharetta, GA

Chris Bruen

Senior Research Assistant

National Multifamily Housing Council

Washington, DC

James A. Butz

President, Managing Partner

Jefferson Apartment Group

Mc Lean, VA

Michael Butz

Partner

Torchlight Investors

New York, NY

Larry Byars

Vice President

CallisonRTKL

Dallas, TX

Brian C. Byrne

Executive Vice President

Lincoln Property Company

Oak Brook, IL

Lynn Calkins

Partner

Holland & Knight, LLP

Washington, DC

Albert M. Campbell, III

Executive Vice President & CFO

MAA

Memphis, TN

John M. Cannon

Senior Vice President, Production and

SalesFreddie Mac

New York, NY

Andrew Cantor

Vice President

UDR, Inc.

Highlands Ranch, CO

Sarah Cantrowitz

Vice President

Ten-X

Irvine, CA

Kelli Carhart

Vice President - Production & Sales

Freddie Mac

Austin, TX

2

Page 77: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Mona Keeter Carlton

Senior Managing Director

HFF

Dallas, TX

Kevin Carr

VP of Sales

Nexus Systems

Falls Church, VA USA

Brad Carroll

Managing Partner

TriPost Capital Partners, LLC

New York, NY

Daryl J. Carter

Chief Executive Officer

Avanath Capital Management

Irvine, CA

L. Marc Carter

Principal

Carter Haston Holdings, LLC

Nashville, TN

Lee C. Carter

Director

Goulston & Storrs

Washington, DC

Roberto Casas

Senior Managing Director - Multifamily

GroupHFF

Dallas, TX

Steve Case

Co-Founder, AOL and Chief Executive

Officer & ChairmanRevolution LLC

Washington, DC

Ed Chaglassian

The JBG Companies

Chevy Chase, MD

Joanne Chapman-Reps

Executive Consultant

D2 Demand Solutions, Inc.

Littleton, CO

Usha Chaudhary

President and COO

Kettler

Mc Lean, VA

Cindy Chetti

Senior Vice President, Government

AffairsNational Multifamily Housing Council

Washington, DC

Tyler Christiansen

Senior Vice President

Entrata

Lehi, UT

John Cibinic

Partner

Beekman Advisors, Inc.

Mc Lean, VA

Paula Cino

Vice President, Construction,

Development, and Land Use PolicyNational Multifamily Housing Council

Washington, DC

Mary Dee Clancy

Vice President

Commonwealth Multifamily Housing

Corporation

Temple, TX

Jennifer Clince

Vice President of Operations

The Collier Companies

Gainesville, FL

Evan Cohen

Managing Director

TriPost Capital Partners, LLC

New York, NY

Michael Cohen

Director of Advisory Services

Apartments.com

Boston, MA

Brendan Coleman

Managing Director

Walker & Dunlop

Bethesda, MD

Jeff Coles

Senior Director

Berkadia

Chevy Chase, MD

Nathan S. Collier

Principal and Chairman

The Collier Companies

Gainesville, FL

Sean M. Conway

CEO & Co-Founder

Pillow Global, Inc.

San Francisco, CA

James P. Cooke

Partner

Ballard Spahr

Washington, DC

Thomas L. Coolidge

Chief Executive Officer

Nexus Systems

Falls Church, VA

Lisa Costello

Vice President, Political Affairs

National Multifamily Housing Council

Washington, DC

Tamela M. Coval

CORT

Chantilly, VA

Bob Crawford

CEO

Brook Furniture Rental

Lake Forest, IL

Daniel Cunningham

Senior Vice President

PNC Real Estate

Washington, DC

Lawrence H. Curtis

President & Managing Partner

WinnDevelopment

Boston, MA

Jeffery J. Daniels

SVP/National Director

Institutional Property Advisors

New York, NY

Terry S. Danner

CEO

SightPlan

Orlando, FL

3

Page 78: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Jeff Dannes

Vice President Production Manager

NorthMarq Capital Finance

Washington, DC

Michael Darling

Senior Vice President

Walker & Dunlop

Needham, MA

Donald M. Davidoff

President

D2 Demand Solutions, Inc.

Littleton, CO

Deanita Davis

Director, Meetings

National Multifamily Housing Council

Washington, DC

Jerry Davis

Vice President of Sales

Conservice Utility Management & Billing

Logan, UT

Steven DeFrancis

CEO

Cortland Partners, LLC

Atlanta, GA

Carol Demery

Vice President

Capital Solutions, Inc.

Cross Junction, VA

Thomas T. Demery

President

Capital Solutions Inc.

Cross Junction, VA

Greg Demski

Senior Vice President Sales

ResMan

Plano, TX

Anthony Denome

Controller

Dover Realty Advisors, LLC/Paragon

Properties, LLC

Bingham Farms, MI

Robert E. DeWitt

Vice Chairman, President & CEO

GID

Boston, MA

David J. Dillon

Principal, Client Market Strategy

CoreLogic Rental Property Solutions

Vienna, VA

Bruce Dingman

NAI Everest

Minneapolis, MN

Gina M. Dingman

President

NAI Everest

Minneapolis, MN

Russell L. Dixon

President & CEO

RedHill Realty Investors, LP

San Diego, CA

Jayson F. Donaldson

President

NorthMarq Capital Finance

Washington, DC

David Donato

Senior Vice President

Continental Realty Corporation

Baltimore, MD

Kevin Donnelly

Vice President, Government Affairs

National Multifamily Housing Council

Washington, DC

Peter F. Donovan

Executive Managing Director

CBRE

Boston, MA

Alan J. Dooley

Senior Vice President

Heitman Capital

Chicago, IL

Ian Douglas

COO

Orion Real Estate Services

Houston, TX

Kirk Downey

Managing Partner

Abacode

Tampa, FL

Mark Drake

Principal

The Preston Partnership, LLC

Atlanta, GA

Justin Dunckel

President

Dover Realty Advisors, LLC/Paragon

Properties, LLC

Bingham Farms, MI

Colin P. Dunn

Director, Communications, Advocacy

and PolicyNational Multifamily Housing Council

Washington, DC

Connor Dunn

Manager, Government Affairs

National Multifamily Housing Council

Washington, DC

Lili F. Dunn

President

Bell Partners

Alexandria, VA

Kimberly A. Duty

Senior Vice President, Public Affairs and

Industry InitiativesNational Multifamily Housing Council

Washington, DC

Wesley Easly

Managing Principal

ibr Search

Pittsburgh, PA

Erik Eccles

Chief Executive Officer

Urbandoor

San Francisco, CA

Doug Eckles

Senior Account Executive, Matrix

Yardi Systems, Inc.

Santa Barbara, CA

CJ Edmonds

Vice President of Sales

G5

Bend, OR

4

Page 79: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Ilan Eframian

National Partnerships Lead

Google Fiber

New York, NY

Ruth G. Eisenhauer

President

Legend Management Group, LLC

Mc Lean, VA

Kenny Emson

Senior Vice President, Finance and

AdministrationNational Multifamily Housing Council

Washington, DC

Gregory L. Engler

Executive Vice President

Walker & Dunlop Investment Sales

Atlanta, GA

Mark Eppli

Bell Chair in Real Esate and Professor

of FinanceMarquette University

Milwaukee, WI

Robert Esposito

VP, NWP National and Strategic Sales

RealPage, Inc.

Richardson, TX

Todd M. Farrell

President

LMC, A Lennar Company

Charlotte, NC

Christopher J. Feeley

President - Campus First

CF Real Estate Services LLC

Alexandria, VA

Matt Ferrari

Director - Acquisitions

TruAmerica Multifamily

Arlington, VA

Matthew Fiascone

President

The Habitat Company

Chicago, IL

Christopher C. Finlay

Managing Partner

Middleburg Real Estate Partners

Vienna, VA

Ben Finley

Senior Vice President

Avanath Capital Management

Irvine, CA

Norman Finstein

V.P., Sales

RealPage, Inc.

Richardson, TX

Paul Fiorilla

Associate Director of Research

Multi-Housing News

New York, NY

Ari Firoozabadi

President

Greysteel

Bethesda, MD

Lisa Fischman

Vice President, Real Estate Lending

Greystone Servicing Corporation, Inc.

New York, NY

Cynthia Fisher

Chief Administrative Officer

Kettler

Mc Lean, VA

Patrick A. Flanigan

Senior Vice President, Sales

AUM

Lombard, IL

Brenden Flood

Director

Eastdil Secured, LLC

Washington, DC

La Fayette Flowers

Manager, Membership

National Multifamily Housing Council

Washington, DC

Paige Forrest

Executive Vice President

ForRent.com

Norfolk, VA

Brian C. Foster

Executive Director

JP Morgan Chase

El Segundo, CA

Joe Fraiman

Co-Founder, President, COO

Parallel

San Francisco, CA

Kevin Fraker

Crow Holdings Capital - Real Estate

Dallas, TX

Elizabeth Francisco

Senior Vice President Product

ResMan

Plano, TX

Gideon Z. Friedman

Managing Member

Beachwold Residential LLC

New York, NY

Wendy Froehlich

VP of Marketing

ForRent.com

Norfolk, VA

Adam Fruitbine

Senior Managing Director, Capital

MarketsWaypoint Residential

Stamford, CT

Jason Fudin

CEO, Co-Founder

WhyHotel

Arlington, VA

Shangjie Gao

Project Manager

BCEG International Investment - US, Inc

Woodland Hills, CA

Kristoffer Garin

Vice President

Robert W. Baird

Washington, DC

Helen Garrahy

Senior Vice President

Heitman

Chicago, IL

5

Page 80: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Dana Geisler

Regional Vice President: West

Apartment List

San Francisco, CA

Alan W. George

Executive Vice President and Chief

Investment OfficerEquity Residential

Chicago, IL

Kevin George

President & CEO

InfoTycoon

Roswell, GA

John E. Gilmore, IV

Vice-President

KeyBank Real Estate Capital

New York, NY

Robert E. Given

Vice Chairman

Cushman & Wakefield

Philadelphia, PA

Jeffrey Goldberg

Managing Partner

Milestone Group

New York, NY

David Goldstein

Director

BMO Capital Markets

Toronto, ON Canada

Henry Gom

Senior Vice President

Torchlight Investors

New York, NY

Julianne B. Goodfellow

Director, Government Affairs

National Multifamily Housing Council

Washington, DC

Gary Goodman

Senior Vice President, Acquisitions

Passco Companies, LLC

Irvine, CA

Michael Edward Gorman

President, Indianapolis Division

Edward Rose & Sons

Carmel, IN

Rick Graf

President/CEO

Pinnacle

Addison, TX

John Gray

Managing Director, Head of Investments

LMC, A Lennar Company

Charlotte, NC

Seth Greenberg

Chief Executive Officer

ECI Group, Inc.

Atlanta, GA

Matt Greene

VP of Sales & Marketing

IOTAS, Inc.

Portland, OR

Robert D. Greer, Jr.

Managing Director

Clarion Partners

Washington, DC

Stephen W. Gresham

Principal

Niles Bolton Associates, Inc.

Alexandria, VA

Tim Griffin

Senior Project Manager

Kingsley Associates

Atlanta, GA

Gerald J. Haak

Chief Operating Officer, Executive Vice

PresidentMAXX Properties

Harrison, NY

Tingting Han

General Manager

BCEG International Investment - US, Inc

Woodland Hills, CA

Tyler Hansen

Director of Sales & Business

DevelopmentLuxer One Package Lockers

San Francisco, CA

Keith A. Harris

Senior Vice President

The Bozzuto Group

Greenbelt, MD

Paul Harris

Partner - Southwest

Moran & Company

Dallas, TX

Regan Hartley

National Director of Sales

Package Concierge, Inc.

Medfield, MA

Richard Haughey

Vice President, Industry Technology

InitiativesNational Multifamily Housing Council

Washington, DC

Brian A. Henry

VP, Multifamily Marketing

Apartments.com

Boston, MA

Jessie Henry

Managing Director

Mill Creek Residential Trust LLC

Bethesda, MD

Sean P. Henry

Partner - Southeast

Moran & Company

Atlanta, GA

Margette G. Hepfner

Senior Vice President - Client Services

Lincoln Property Company

Dallas, TX

Mark Ellsworth Hertz

Managing Director

AIG Global Real Estate

New York, NY

Jay Hiemenz

President and COO

Alliance Residential Company

Phoenix, AZ

Young Hill

Sr. Director

Greystar Real Estate Partners

Mclean, VA

6

Page 81: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Mindy Himmel

Regional Vice President, Sales

Apartment List

San Francisco, CA

Christian Hoegh-Guldberg

Regional Sales Manager

Conservice Utility Management & Billing

Chicago, IL

J. Andrew Hogshead

CEO

The Collier Companies

Gainesville, FL

Scott Holcomb

VP of Sales

ResMan

Plano, TX

Karen Hollinger

Vice President, Corporate Initiatives

AvalonBay Communities, Inc.

Arlington, VA

Brett Hood

Senior Vice President

NorthMarq Capital, Inc.

Chicago, IL

William Huberty

Regional Vice President

Prescient Co.

Arvada, CO

Jason Hull

Head of Business Development and

Term Loan ProductionSabal Capital Partners LLC

Newport Beach, CA

Ed Hussey

Head of Multifamily Production

Pillar Financial, a Division of SunTrust

Bank

Vienna, VA

Christopher Iavarone

Partner

Womble Carlyle Sandridge & Rice, LLP

Washington, DC

Maksim Ioffe

Founder

SubletAlert.com

San Francisco, CA

John A. Isakson

Chief Capital Officer

Preferred Apartment Communities, Inc.

Atlanta, GA

Jay Jacobson

President/CEO

Eden Multifamily

Miami, FL

Sue Jacobson

Vice President

Chicago Title

Houston, TX

James Jarrell

Senior Managing Director

Greystone Brown Real Estate Advisors

Atlanta, GA

Robert Jeans

Executive Director

PGIM Real Estate

Madison, NJ

Alison Johnson

Director of Programming

National Multifamily Housing Council

Washington, DC

Charles Kaliades

Regional Sales Director

Renters Legal Liability LLC

Salt Lake City, UT

Paul J. Kaliades

President

Renters Legal Liability LLC

Salt Lake City, UT

David Kapiloff

Chairman/CEO

Insgroup, Inc.

Houston, TX

Michael Katz

Co-Chief Executive Officer

Sterling American Property Inc.

Great Neck, NY

Robert M. Keator

Senior Vice President

Benson Integrated Marketing Solutions

Alpharetta, GA

Brian T. Kelleher

Managing Director

JLL Capital Markets

Dublin, OH

Jonathan L. Kempner

Director

Monogram Residential Trust

Bethesda, MD

Jack Kern

Director - Research and Publications

Yardi Systems, Inc.

Santa Barbara, CA

Paul G. Kerr

President

Davlyn Investments

San Diego, CA

Kate Kerrigan

COO

Beachwold Residential LLC

New York, NY

Robert C. Kettler

Chairman & CEO

Kettler

Mc Lean, VA

Yan Khamish

Managing Director

Ten-X

New York, NY

Mitchell W. Kiffe

Senior Managing Director

CBRE

Mc Lean, VA

Hyung T. Kim

Managing Director, Alternative Real

Estate InvestmentsPacific Life Insurance Company

Newport Beach, CA

Ray Kimsey

President

Niles Bolton Associates, Inc.

Atlanta, GA

7

Page 82: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Mary Ann King

Co-Chairman

Moran & Company

Irvine, CA

Mike R. Kingsella

Principal Staff Officer

Holland Partner Group

Vancouver, WA

Mike Kingsley

Principal

KTGY Architecture + Planning

Vienna, VA

Andrew Kitchell

CEO

Parallel

San Francisco, CA

Phyllis F. Klein

Vice President, Multifamily Customer

ManagementFannie Mae

Pasadena, CA

Jerel Klue

Director of Investments

Citymark Capital

Cleveland, OH

Mark Koepsell

Executive Vice President

CORT

Chantilly, VA

Jonathan Kutner

Managing Director

Harborview Capital Partners

Lawrence, NY

Peter Kuzma

Vice President

Waterton

Chicago, IL

Christopher Lackett

Vice President

PGIM Real Estate

Madison, NJ

Gregory G. Lamb

Executive Vice President, Managing

PartnerJefferson Apartment Group

Mc Lean, VA

Steven T. Lamberti

President and Chief Operating Officer

Milestone Management

Dallas, TX

Jim Lapides

Vice President, Strategic

CommunicationsNational Multifamily Housing Council

Washington, DC

Jerry LaPointe

Vice President, Acquisitions &

DispositionsWestern National Properties

Irvine, CA

Mark Lavin

Senior Vice President

Balfour Beatty Communities

Malvern, PA

Andrew Leahy

Vice President, Investments

Washington REIT

Washington, DC

Eileen C. Lee

Vice President, Energy and

Environmental PolicyNational Multifamily Housing Council

Washington, DC

Tracy Simonton Legg

Vice President, Multifamily Business

DevelopmentHunter Warfield, Inc.

Denver, CO

Chris Leggee

Vice President of Investments

Griffis Residential LLC

Greenwood Village, CO

David Levi

Business Development AVP

Ten-X

Irvine, CA

Robert Likes

Senior Vice President

KeyBank Real Estate Capital

Salt Lake City, UT

Chris Lindish

Director of Business Relations

ForRent.com

Norfolk, VA

Henry Liu, Esq.

Partner

Pepper Hamilton LLP

Washington, DC

Rebecca Loker

Director of Multifamily Sales

Rainmaker LRO

Alpharetta, GA

Suzanne Lovelace

Regional Sales Director

Renters Legal Liability LLC

Salt Lake City, UT

Gregory J. Lozinak

CEO

Monument Capital Management

Miami, FL

Frank Lutz

Senior Vice President

Berkadia

Ambler, PA

Laurie Lyons

EVP, Client Services

U.S. Residential Group LLC

Dallas, TX

Racquel Madlala

Senior Associate, Communications

National Multifamily Housing Council

Washington, DC

Matthew Masinter

VP Acquisitions

Waterton

Chicago, IL

Andrea Massey

Senior Vice President

RealPage, Inc.

Richardson, TX

8

Page 83: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Will Mathews

Senior Vice President Principal

Colliers International

Atlanta, GA

Ashi Mathur

Managing Director & Group Head of

North American Real EstateBMO Capital Markets

Toronto, ON Canada

Jamie B. May

Chairman & CEO

JBM

Tampa, FL

Mike C. May

Executive Managing Director

Berkeley Point Capital LLC

Bethesda, MD

Andrew McAllister

Executive Director

MAC Realty Advisors LLC

Bethesda, MD

Brian E. McAuliffe

President

CBRE

Chicago, IL

Phillip McCorkle

Managing Director

RealFoundations

Dallas, TX

Anne Segrest McCulloch

President and CEO

Housing Partnership Equity Trust

Washington, DC

James J. McGinley, III

Senior Vice President & Chief

Development OfficerMonogram Residential Trust

Plano, TX

Ed McGuire

Director of Business Development

Bedford Cost Segregation

Encinitas, CA

Ken McIntyre

Interim Executive Director

Project REAP

New York, NY

Michael G. Melaugh

Executive Managing Director - Capital

MarketsMill Creek Residential Trust LLC

Dallas, TX

Scott L. Melnick

Senior Managing Director

Berkadia

Chevy Chase, MD

David Merin

Head of Corporate Development

Honest Buildings

New York, NY

Brett Meringoff

Senior Vice President, Development

WinnCompanies

Boston, MA

Zach Merritt

Director of Real Estate Acquisition

Parallel

San Francisco, CA

Kris Mikkelsen

COO & Managing Director

Walker & Dunlop Investment Sales

Atlanta, GA

Walter W. Miller

Senior Managing Director

Greystone Brown Real Estate Advisors

Atlanta, GA

William Miller

Sr. Managing Director

HFF

Dallas, TX

Daniel J. Minahan

President and COO

Continental Properties Company, Inc.

Menomonee Falls, WI

David R. Minnick

President/Principal

Bridge Investment Group

Sandy, UT

Ashley Moghari

Manager, Marketing & Communications

ProjectsNational Multifamily Housing Council

Washington, DC

Robert J. Mooney

Director of Business Development

Hoar Construction

Birmingham, AL

John O. Moore, Jr.

President

Highland Commercial Mortgage, LLC

Birmingham, AL

Thomas F. Moran

Co-Chairman

Moran & Company

Chicago, IL

Chris Moreno

Vice President - National Partnerships

Luxer One Package Lockers

San Francisco, CA

Jeff Morrison

SVP Sales

Smart Rent

Scottsdale, AZ

Melanie Morrison

Principal

MEB Management Services

Tucson, AZ

Phil Morse

Managing Director

Wells Fargo Multifamily Capital

Mc Lean, VA

John D. Motzel

Senior Managing Director

Barings Multifamily Capital LLC

Princeton, NJ

Tim L. Myers

Managing Partner

Allied Orion Group

Houston, TX

Kelly Nagel

Vice President - Development

Aimco

Bethesda, MD

9

Page 84: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Shekar Narasimhan

Managing Partner

Beekman Advisors, Inc.

Mc Lean, VA

Brian Natwick

President - Multifamily

Crescent Communities

Charlotte, NC

Denise Navarrete

District Manager

Brook Furniture Rental

Lake Forest, IL

Ella Neyland

President, REIT Services

Steadfast Companies

Irvine, CA

Patrick Nugent

Sr. Vice President

Commercial Insurance Solutions Group

Dallas, TX

Janette O‘Brien

Head of Multifamily Production

KeyBank Real Estate Capital

Cleveland, OH

Brian E. Oberg

Director of Business Development

Bohler Engineering

Southborough, MA

Mark H. Obrinsky

Senior Vice President, Research and

Chief EconomistNational Multifamily Housing Council

Washington, DC

Cullen R. OGrady

Vice President of Debt Origination &

Investment Sales

Pillar Financial, a Division of SunTrust

Bank

Bethesda, MD

Blake Okland

Vice Chairman, Head of US Multifamily

ARA, A Newmark Company

Charlotte, NC

Georgianna W. Oliver

CEO

Package Concierge, Inc.

Medfield, MA

Richard Oller

Chairman

GoldOller Real Estate Investments

Philadelphia, PA

Kelsey Olson

Director, Government and Community

RelationsAimco

Denver, CO

David Onanian

CEO

PAS Purchasing Solutions

Houston, TX

Anthony Orso

Chief Executive Officer

Cantor Commercial Real Estate (CCRE)

New York, NY

Kelly Osburn

Principal

Humphreys & Partners Architects, L.P.

Dallas, TX

Anne Ossewaarde

Senior Vice President, Asset & Portfolio

ManagementBell Partners

Atlanta, GA

Eric Overhage

Representing Agent

HandyTrac Systems

Alpharetta, GA

Alfred V. Pace

President & CEO

Pacific Urban Residential

Palo Alto, CA

Carl Pankratz

Vice President

NorthMarq Capital, Inc.

Dallas, TX

Peggy Panzer

RVP

Orion Real Estate Services

Houston, TX

Tarak Patolia

Chief Investment Officer

Sterling American Property Inc.

Great Neck, NY

Alan Patton

President

The Morgan Group, Inc.

Houston, TX

Randall M. Paulson

Chief Operating Officer

PAS Purchasing Solutions

Plano, TX

Russ Pengelly

Director, Business Development, Zillow

RentalsZillow Group

Seattle, WA

Colleen Pentland Lally

Director, Capital Markets

CBRE

Boston, MA

Phillip C. Pitney

President

PRP Real Estate Management

Washington, DC

Sharon M. Plattner

Managing Director

Berkadia

Chicago, IL

Walter J. Ploskon

Managing Director

Niles Bolton Associates, Inc.

Alexandria, VA

Edward Polich

SVP & CDO

Draper and Kramer, Incorporated

Chicago, IL

10

Page 85: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Alan Pollack

Chairman

Providence Management Company,

L.L.C.

Glenview, IL

Billy Posey

EVP & Agency CEO

Greystone Servicing Corporation, Inc.

Memphis, TN

Lauren K. Poskie

Director, Strategic Development

ibr Search

Pittsburgh, PA

John K. Powell, Jr.

Director of Agency Production

Bellwether Enterprise Real Estate

Capital, LLC

Chicago, IL

Roger S. Pratt

Senior Advisor

Elite International Investment Fund

Santa Barbara, CA

T. Anthony Premer

Senior Managing Director

Pacific Life Insurance Company

Newport Beach, CA

Jeff Price

Managing Director

JLL Capital Markets

Dallas, TX

Hilary Provinse

Senior Vice President, Multifamily

Customer EngagementFannie Mae

Washington, DC

Sean Rae

Senior Managing Director - Capital

MarketsTrammell Crow Residential

Dallas, TX

David Raff

Director

BMO Capital Markets

Washington, DC

Richard Rakoczy

Director of Sales

Hoover Treated Wood Products, Inc.

Thomson, GA

Robert W. Ranieri

Senior Vice President, Managing

DirectorNorthMarq Capital, Inc.

White Plains, NY

Michael Raphael

Capital Markets

LGA Capital

Rockville, MD

James K.V. Ratliff

Senior Director, Government Affairs

National Multifamily Housing Council

Washington, DC

Hailey Ray

Director, NMHC PAC

National Multifamily Housing Council

Washington, DC

Pete Regules

National Manager, Multi Family Housing

Products & ServicesCORT

Winter Park, FL

Ryan S. Reid

Vice Chairman

CBRE

Dallas, TX

Frank Relihan

Senior Vice President

NorthMarq Capital, Inc.

Bethesda, MD

William C. Revers

Senior President East Coast

AcquisitionsFairfield Residential Company LLC

Arlington, VA

Stephan Richford

Managing Director

BMO Capital Markets

Chicago, IL

Ricardo Rivas

Principal and Chief Investment Officer

Allied Orion Group

Houston, TX

Dameon M. Rivers

Associate

Ballard Spahr

Washington, DC

Michelle Roberts

VP of Sales - National Accounts

InfoTycoon

Roswell, GA

Marc G. Robinson

Vice Chair

Cushman & Wakefield

Charlotte, NC

Peggy Robinson

Vice President of Marketing

InfoTycoon

Roswell, GA

Francis P. Rooney, Jr.

Executive Vice President, Chief

Financial OfficerSimpson Housing LLLP

Denver, CO

Doug Root

Managing Partner

Blackfin Real Estate Investors, LLC

Arlington, VA

F. William Rosenbauer, III

Senior Vice President - DUS Chief

UnderwriterNorthMarq Capital Finance

Washington, DC

Pamela V. Rothenberg

Partner

Womble Carlyle Sandridge & Rice, LLP

Washington, DC

Melissa Rowan

Assistant Director, Meetings

National Multifamily Housing Council

Washington, DC

11

Page 86: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Jeff Rowe

Vice President, Destination Services

CORT

West Chester, OH

Leigh Anne R. Rula

Marketing Director

Highland Commercial Mortgage, LLC

Birmingham, AL

Thomas Runyon

SVP of Strategic Partnerships &

Business DevelopmentNexus Systems

Falls Church, VA

Charlie Ryan

Head of Sales

Pillow Global, Inc.

San Francisco, CA

Dharmendra Sawh

Industry Principal, Revenue

ManagementYardi Systems, Inc.

Santa Barbara, CA

James H. Schloemer

Chairman and CEO

Continental Properties Company

Menomonee Falls, WI

Charles Schoenau

Managing Director

Insurent Agency Corporation

New York, NY

Richard Schreiber

Chief Executive Officer

LeaseTerm Solutions

Atlanta, GA

David R. Schwartz

CEO, Chairman

Waterton

Chicago, IL

Terry B. Schwartz

Principal

Dover Realty Advisors, LLC/Paragon

Properties, LLC

Bingham Farms, MI

David Schwehm

Group VP, Sales

CORT

Chantilly, VA

John S. Sebree

First Vice President/ National Director -

National Multi Housing GroupMarcus & Millichap

Chicago, IL

Janet Settle

Regional Vice President

Entrata

Lehi, UT

Charles O. Shallat

Executive Vice President

Lincoln Property Company

Duluth, GA

Justin W. Shay

Vice President

Transwestern Mid-Atlantic Multifamily

Group

Bethesda, MD

Jodi Sheahan

Founding Principal

MEB Management Services

Phoenix, AZ

Steven L. Shores

President

Pollack Shores Real Estate Group

Atlanta, GA

Mackenzie Siem

Meetings Coordinator

National Multifamily Housing Council

Washington, DC

Dean Sigmon

Executive Vice President, Director

Transwestern Mid-Atlantic Multifamily

Group

Bethesda, MD

Kristy P. Simonette

Senior Vice President Strategic Services

Camden Property Trust

Houston, TX

Matthew Slepin

Managing Partner

Terra Search Partners

San Francisco, CA

Jeff Smedley

Chief Revenue Officer

LeaseHawk

Scottsdale, AZ

Jeff Smith

Director, Business Development &

Strategic MarketingWestdale Asset Management

Dallas, TX

Julie A. Smith

Chief Administrative Officer

The Bozzuto Group

Greenbelt, MD

Kevin H. Smith

Senior Vice President, Acquisition

PartnerJefferson Apartment Group

Mc Lean, VA

Randy Smith

Director of Business Development

Bohler Engineering

Tampa, FL

Jill Soucy

East Regional Director

Luxer One Package Lockers

Sacramento, CA

Kimberly J. Sperry

Managing Director

Amstar Group, LLC

Denver, CO

Beverly Steele

Director, Strategic Business

DevelopmentCORT

Chantilly, VA

Samuel C. Stephens, III

Chief Investment Officer

ZOM Companies

Orlando, FL

12

Page 87: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

John H. Stewart

VP Business Development

Prescient Co.

Durham, CO

Larry Sullivan

President

Passco Companies, LLC

Irvine, CA

William W. Talbot

Chief Investment Officer

American Campus Communities

Austin, TX

Vincent R. Toye

Executive Vice President, GSE Head of

ProductionWells Fargo Multifamily Capital

New York, NY

Yetta Tropper

Executive Director

PGIM Real Estate

Madison, NJ

Warren L. Troupe

Senior Executive Vice President

UDR, Inc.

Highlands Ranch, CO

Kenneth J. Valach

Chief Executive Officer

Trammell Crow Residential

Dallas, TX

J.D. Vance

Investor, Commentator, Author and

PartnerRevolution LLC

Columbus, OH

Wayne A. Vandenburg

Chairman & CEO, TVO Groupe & TVO

CapitalTVO Groupe LLC

Chicago, IL

Christie Vasquez

Southeast Marketing Director

Drucker & Falk, LLC

Raleigh, NC

Christopher J. Volgenau

Head of Business Development

Pillow Global, Inc.

San Francisco, CA

Curtis Walker

Partner - Southeast

Moran & Company

Atlanta, GA

Daniel P. Walsh, Jr.

CEO

Citymark Capital

Cleveland, OH

Caitlin Walter

Senior Director, Research

National Multifamily Housing Council

Washington, DC

Ben Waltzer

Real Estate Partnerships

Google Fiber

Mountain View, CA

David C. Ward

Executive Vice President, Development

MAA

Addison, TX

Robert E. Weathers

Senior Vice President, Institutional Sales

Entrata

Lehi, UT

Ken Wellar

Managing Partner

Rittenhouse Realty Advisors

Philadelphia, PA

Greg West

Chief Development Officer

ZOM Companies

Fort Lauderdale, FL

Bill Whitlow

Partner

Terra Search Partners

San Francisco, CA

Andrew R. Wiener

Managing Director

MAXX Properties

Harrison, NY

Rawles Wilcox

Director

Greysteel

Bethesda, MD

Greg Willett

Chief Economist

RealPage, Inc.

Richardson, TX

Jerry Williams, Jr.

Regional Vice President

Prescient Co.

Dallas, TX

Robin Williams

Executive Vice President

Transwestern Mid-Atlantic Multifamily

Group

Bethesda, MD

Stephanie L. Williams

President

Bozzuto Management Company

Greenbelt, MD

Thomas G. Williams

EVP & Senior Managing Director

Specialty Consultants Inc.

Pittsburgh, PA

Rick Wolf

EVP

Greystone Servicing Corporation, Inc.

New York, NY

Steven Wolf

Partner, CIO US Equity Real Estate

Ares Management

New York, NY

Leonard Wood, Jr.

Senior Managing Director

Trammell Crow Residential

Atlanta, GA

Matthew Woods

Chief Sales Officer

Apartment List

San Francisco, CA

Yan Xing

President

BCEG International Investment - US, Inc

Woodland Hills, CA

13

Page 88: Fall Board of Directors & Advisory Committee Meeting · Berkadia, Phoenix, AZ Corinna Bennett and John Rhoades Berkeley Point Capital LLC, Bethesda, MD ... apartment firms to consider

Sarah Yaussi

Vice President, Industry

CommunicationsNational Multifamily Housing Council

Washington, DC

Tiffany Yep

Capital Markets Analyst

KeyBank Real Estate Capital

Atlanta, GA

Susan C. Yuk

Senior Director, Membership and

DatabaseNational Multifamily Housing Council

Washington, DC

Craig Zeutzius

President

Rainmaker LRO

Boulder, CO

Bill Nan Zhou

Managing Partner

Elite International Investment Fund

Santa Barbara, CA

Les Zimmerman

President

First Capital Realty, Inc.

Bethesda, MD

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