Founders

OFFICERS AND BOARD OF DIRECTORS
Chairman 
Georgia Murray
Boston Financial

Vice Chairman 
Michael Sears
Bear, Stearns & Co., Inc.

Secretary\Treasurer 
Karl Zavitkovsky
NationsBank

Stacey Berger
Midland Loan Services

Douglas Crocker
Equity Residential Properties Trust

Ann Hambly
Capital Corporation of America

Stephen Hunt
The NY State Housing Finance Agency
and State of NY Mortgage Agency

Leanne Lachman
Schroder Real Estate Associates

Tom Watt
Freddie Mac

Richard Rosan
Urban Land Institute

Mark Sissman
Enterprise Social Investment Corporation

Thomas Shuler
AIMCO (Apt. Investment & Mgt. Co.)

Ronald Terwilliger
Trammel Crow Residential

Louis Vogt
Associated Estates Realty Corp.

Thomas White
Fannie Mae

Exofficio 
Nicholas Retsinas
Dept. of Housing & Urban Dev./FHA

General Counsel 
Robert Lasky, Esq.
Cadwalader, Wickersham & Taft

President 
Shaun Brady

PRINCIPAL MEMBERS
AIMCO (Apt. Investment & Mgt. Co.)
Greenville, SC
Thomas Shuler

Allegis Realtly Investors
Hartford, CT
Christine Hovey

American Apartment Communities
San Francisco, CA
James D. Klingbeil

Associated Estates Realty Corp
Richmond Heights, OH
Louis Vogt

Bankers Mutual*
Newport Beach, CA
Paul Neff

Bear, Stearns & Co., Inc.
Washington, DC
Michael Sears

Berkshire Mortgage Finance*
Boston, MA
Paul Donahue

Boston Capital Partners, Inc.*
Boston, MA*
Christopher Collins

Boston Financial*
Boston, MA
Georgia Murray

Camden Property Trust*
Houston, TX
Richard Campo

Chase Bank*
New York, NY
Lewis Jones

Community Preservation Corporation*
New York, NY
Nancy Feldman

Credit RE Mortgage Capital, LLC
New York, NY
Diana Mayes

Criimi Mae, Inc.
Rockville, MD
Brian Hanson

Equity Residential Properties Trust*
Chicago, IL
Fred Tuomi

Fannie Mae*
Washington, DC
Thomas White

Freddie Mac*
McLean, VA
Charles Olsen

GE Capital Services*
Houston, TX
Stephanie Petosa

HUD — Dept. of Housing & Urban Dev.
Washington, DC
Charles Wehrwein

John Hancock Real Estate Finance, Inc.*
Boston, MA
Bayard Livingston

Lincoln Property Company
Dallas, TX
Scott Wesson

LISC/National Equity Fund*
Chicago, IL
Mary Tingerthal

Marcus & Mllichap
Palo Alto, CA
William Millichap

Mellon Mortgage Company
Cleveland, OH
Thomas A. Berkheimer

Mortgage Bankers Association of America*
Washington, DC
Cheryl Patton Malloy

National Apartment Association*
Alexandria, VA
Amy Dozier

National Multi Housing Council*
Washington, DC
Jonathan Kempner

Oxford Realty Financial Group*
Bethesda, MD
Leo Zickler

Patrician Financial Company*
Bethesda, MD
Gaye Beasley

Pinnacle Realty Management Company
Seattle, WA
John Glassman

Post Properties, Inc.
Atlanta, GA
John Glover

PW Funding, Inc.
Mineola, NY
William Hyman

Trammell Crow Residential
Atlanta, GA
Ronald Terwilliger

Urban Land Institute
Washington, DC
Richard Rosan

USDA/Rural Housing Service
Washington, DC
Larry Anderson

Washington Mortgage Financial Group*
Vienna, VA
Shekar Narasimhan

ASSOCIATE MEMBERS
Aldrich Eastman & Waltch*
Boston, MA
Douglas Poutasse

Avalon Bay Communities
Alexandria, VA
Richard Michaux

Concierge Management/Drever Partners
Houston, TX
David C. Glaser

Cornerstone Real Estate Advisors
Hartford, CT
Michael Gately

Continental, Inc.
Patricia Leach
Seattle, WA

Dominium Management Services, Inc.
Plymouth, MN
Dean Clark

Duff & Phelps Credit Rating Co.
New York, NY
Joseph Franzetti

Enterprise Social Investment Corporation*
Columbia, MD
Mark Sissman

Fairfax Co. Redev. & Housing Authority*
Fairfax, VA
Walter Webdale

Federal Home Loan Bank of Boston*
Boston, MA
David Parish

Greystone Servicing Corp., Inc.
Warrenton, VA
Leona Sanders

Midland Loan Services
Washington, DC
Stacey Berger

Midland Mortgage Investment Corp.*
Clearwater, FL
Robert Banks

Neighborhood Reinvestment Corporation*
Washington, DC
Steven Tuminaro

Prudential Investment
Short Hills, NJ
Will McIntosh

Rent Roll, Inc.
Natalie Tefft
Carrollton, TX

RREEF Funds
Chicago, IL
Cherise Bransfield

SSR Realty Advisors
San Francisco, CA
Charles Harry

TRI Capital Corporation
San Francisco, CA
John Sweazey

Walden Residential Properties, Inc.
Dallas, TX
Michael Masterson

Washington Capital
Arlington, VA
Robert Moore

Wisconsin Housing & Economic Development*
Madison, WI
Michael Ash

PARTICIPATING MEMBERS
Association of Local Housing Finance Agencies
Washington, DC
John Murphy

Deloitte & Touche
Washington, DC
Steven Chad

E & Y Kenneth Leventhal Real Estate Group
Washington, DC
Alan Gittelson

Federal Home Loan Bank of Attlanta
Atlanta, GA
William Buss

KPMG Peat Marwick
Washington, DC
Geoffrey Oliver

Otak, Inc.
Lake Oswego, OR
Hawzad Othman

Price Waterhouse LLP
Linthicum, MD
Drew Schneider

Reznick Fedder & Silverman
Bethesda, MD
Lester Kanis

Seifel & Associates
San Francisco, CA
Libby Seifel

State of New York Mortgage Agency
New York, NY
Daniel Sheehy

WNC & Associates
Costa Masa, CA
Paul Buckland

Ziner & Company, P.C.*
Boston, MA
John Mackey

ACADEMIC MEMBERS
Joint Center for Housing Studies, Harvard University
Cambridge, MA
Eric Belsky

University of Connecticut Center University
Storrs, CT
C.F. Sirmans

University of Wisconsin Urban Land Economics Research Center
Madison, WI
Kerry Vandell

San Francisco State University
San Francisco, CA
Larry SouzaWest

Coast University
Los Angeles, CA
Fred Hameetman

*Founding Member