Walter E. Auch

Semele Group, Inc. is the owner of various real estate assets through foreclosure proceedings in connection with its mortgages. It engages in real estate activities, including a minority interest in residential property development located in Malibu, California, buildings located in Sydney, Australia and Washington, District of Columbia and minority interest investments in two ski resorts and a residential development community company located in Canada. The company also holds investments in other companies operating in niche financial markets, principally involving equipment management and equipment leasing. It was founded on April 1987 and is headquartered in Westport, CT.