*Note: These properties are managed and/or leased as a 3rd party assignment.

All other properties are owned, managed, and leased by FMG, Inc.

References available upon request.

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PHILIP D. HEALY 
Philip D. Healy is the president, a director and a principal shareholder of the Forum Management Group, Inc. which was formed on April 5, 1984. Prior to the formation of this firm, he was a general partner in Healy Enterprises, a Georgia general partnership. During this time he was involved in the acquisition, management and leasing of commercial properties, primarily shopping centers. Mr. Healy has been involved in the ownership, management, and leasing of over 15 shopping centers in the Southeast. Prior to joining Healy Enterprises, Mr. Healy was employed by Connolly & Redd, an Atlanta based real estate company as a specialist in the marketing of shopping centers, by Chicago Title Insurance Company, Atlanta, Georgia as a regional marketing manager, and by Chicago Title & Trust Company, Chicago, Illinois, in sales, training, and public relations. Mr. Healy received his degree in Marketing from Lewis College in Illinois in 1965.

JAMES L. FLOCK, SR. 
James L. Flock Sr. is the vice-president and secretary/ treasurer, a director, and a principal shareholder of The Forum Management Group, Inc. Mr. Flock gained his initial experience in shopping center development, finance and management beginning in 1970 with Cousins Properties, Inc., an Atlanta based diversified real estate development company. Prior to leaving Cousins Properties in 1976 to form his own company, Mr. Flock was the President of Community Centers Corporation, a shopping center development subsidiary of Cousins Properties. For the eight years after leaving Cousins Properties, Mr. Flock was involved in the development, rehabilitation and management of four shopping centers and eight office parks in Atlanta, Georgia. Mr. Flock is a general partner of four shopping center limited partnerships with shopping centers located in Georgia and South Carolina. He also owns a percentage interest in three additional shopping centers located in Georgia. Mr. Flock received his degree in Economics from the University of Georgia in 1965.

JAMES L. FLOCK, JR., CCIM, CPM 
Mr. Flock began his commercial real estate career in 1998 managing and leasing class A office buildings for Hines. He later served as Vice President of Property Management for Duke Realty Corporation where he oversaw the property management of nearly 16 million square feet of Class A Office & Industrial buildings throughout the state of Georgia. Mr. Flock earned his MBA in Real Estate from Georgia State University in 1998. He attained his Georgia Real Estate license in 2004 and his Georgia Broker’s license in 2008. Mr. Flock also holds his Certified Commercial Investment Member (CCIM) and Certified Property Manager (CPM) designations.

JOSEPH A. HEALY 
Prior to joining Forum Management Group, Joe spent eight years working as a Financial Analyst for Fortune 500 companies. Joe earned his BBA in Finance from the University of Georgia 1988. He later completed his Master’s of Science in Management from Georgia State University in 1991. Mr. Healy attained his Georgia Real Estate license in 2004.

James L. Flock, Jr. and Joe Healy joined Forum Management Group in March of 2006 and are directly responsible for the day to day operations of the Company. They currently handle all of the property management and leasing for the entire shopping center portfolio. Mr. Flock and Mr. Healy are also responsible for property acquisitions and securing third party contract assignments. They each have a General Partner interest in three shopping center partnerships.

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