Experience:

Calvin Cummings, MAI

President & CEO, 2007 to Present

Cummings Appraisal Group, Inc.

Principal, 2002 to 2007

Cummings Appraisals, Pasadena, California

Director of Business Development, 2000-2002

LoopNet, Inc., Appraisal Information Services, Monrovia, California

Director of Data & Information, 1997-1998

CB Richard Ellis, Investment Properties Group, Los Angeles, California

Vice President, Senior Real Estate Analyst, 1988-1997

CB Richard Ellis, Appraisal Services, Los Angeles, California

Senior Appraiser, 1983-1988

Cushman & Wakefield, Appraisal Division, Los Angeles, California

Accomplishments:

Appraised commercial, industrial and multifamily properties totaling 100 million

square feet and $6 billion in appraised value during 15-year tenure with the

two largest commercial appraisal organizations in the United States.

Top Producer in Cushman & Wakefield Appraisal's Western Region and

one of CB Commercial's Top-10 Appraisal Producers

Founder, Editor & Publisher

CB Richard Ellis' National Investor Survey, 1991 to 1998

Professional Credentials:

MAI Designated Member of the Appraisal Institute (#8512), 1991 to Present

California Certified General Real Estate Appraiser (#AG005293), 1992 to Present

Expert Witness, U.S. Bankruptcy Court and L.A. Superior Court, 1991-1992

Published Articles:

Valuation Insights & Perspectives magazine, Appraisal Institute, 2001-2002

Greater Los Angeles Office Marketing Guide, BOMA, 1996

National Investor Survey, CB Richard Ellis, 1992

Education:

Bachelor of Science, Business Administration

Finance & Real Estate, (Accounting Minor)

University of Oregon, Eugene

Cummings Appraisal Group, Inc.

Real Estate Appraisal and Consulting