Arthur P. Fisch

Arthur P.
Fisch, aged 62 years, is a managing trustee (independent trustee) of Company and is an attorney in private practice specializing in real property and securities law since October 1987, with Arthur P.
Fisch, P.C.
and Fisch & Kaufman.
From 1975 to 1987, he was employed by E.F.
Hutton & Company, serving as First Vice President in the Direct Investment Department from 1981 to 1987 and associate general counsel from 1975 to 1980 in the legal department.
As First Vice President, he was responsible for the syndication and acquisition of residential real estate.
He received a Bachelor of Business Administration from Bernard Baruch College of the City University of New York and a Juris Doctor degree from New York Law School.
He is admitted to practice law in New York and Pennsylvania.
He is a member of our Audit Committee.
He resigned from the board of trustees, effective June 10, 2004.