Ray Wirta

Overview

Ray Wirta was appointed our executive chairman and interim chief executive officer and president in April 2007. Mr. Wirta has been our non-executive chairman and chairman of CBRE Realty Finance Management, LLC ("our Manager") since May 2005. Mr. Wirta was chief executive officer of CB Richard Ellis, Inc. and CB Richard Ellis Group, Inc. (collectively, "CBRE") from July 2001 to June 2005 and a director of CBRE since September 2001. Since June 2, 2005, Mr. Wirta has been its vice chairman. He has been chief executive officer of CB Richard Ellis Services, Inc. from May 1999 to June 2005. He served as its chief operating officer from May 1998 to May 1999. Since June 2005, Mr. Wirta has been a director of AlliedBarton Security Services, which provides security services to buildings and businesses throughout the U.S. He has served as a manager of Allied Security Holdings LLC since September 2005. Mr. Wirta holds a B.A. from California State University, Long Beach and an M.B.A. in International Management from Golden Gate University. On August 17, 2007, CBRE Realty Finance, Inc. announced that effective September 4, 2007, Mr. Witkins will replace Ray Wirta, who has served as the Company's Interim President and Chief Executive Officer since April 25, 2007.