Ms. Arrache, Vice President - Investor and Financial Reporting, is responsible for financial reporting communications with investors, including quarterly and annual financial reports, capital calls, and distributions.

Prior to joining Colony in 2005, Ms. Arrache was an audit manager with the public accounting firm Moss Adams LLP in Los Angeles where she was responsible for audits of various public and private companies. Ms. Arrache, a Certified Public Accountant, received a B.A. from the University of Southern California and an M.B.A. from the University of California, Riverside.

Dilip Awtani

Mr. Awtani, Managing Director of Colony Capital, LLC, is responsible for the identification, evaluation, and consummation of new distressed investments in Europe.

Prior to joining Colony in 2009, Mr. Awtani spent seventeen years in investment banking, specializing in Corporate Finance and Distressed Debt. Most recently, he was Executive Director and European Leader for NPL’s and Distressed Investments for GE Capital in Europe.
Between 2002 and 2003 Mr. Awtani founded and acted as CEO of abacus applications a software startup with Thomson Financial. Prior to abacus applications, Mr. Awtani spent 10 years in corporate finance at Commerzbank, WestLB, JP Morgan and Euromobiliare Corporate Finance in Germany, Italy and the UK. Mr. Awtani began his career in 1988 as a systems engineer for IBM.

Mr. Awtani received a master's degree in business administration from the SDA Bocconi, and a bachelor's degree from Lehigh University.

Mr. Cabon, Vice President and Financial Director for Colony Capital SAS, is responsible for financial and legal administration of Colony’s European operations.

Prior to joining Colony in 1998, Mr. Cabon spent over 20 years in banking at a subsidiary of Crédit Lyonnais. He then spent five years as an officer for a consulting firm working as interim controller of companies in bankruptcy proceedings. He received his license in law from the University of Paris, Assas.

Mr. Chetrit, Vice President of Colony Capital SAS, is responsible for the identification and evaluation of new investments in Europe with particular concentration in France, Spain, and Portugal. Mr. Chetrit is responsible for the Colony office in Madrid.

In 1996, Mr. Chetrit received a master in civil engineering from the Escuela Tecnica Superior de Ingenieros de Caminos Canales y Puertos in Madrid, Spain. Mr. Chetrit received an M.B.A. equivalent from the HEC business school in Paris in 1998.

Mr. Dailey, Senior Vice President of Colony Advisors, LLC, is responsible for risk management and asset administration with respect to Colony’s investment portfolio, including loan servicing functions.

Prior to joining Colony in 1991, Mr. Dailey was Vice President of loan administration for Gibraltar Savings, a division of Gibraltar Financial, a $16.0 billion financial institution. Prior to joining Gibraltar, Mr. Dailey was Vice President of residential lending for Citicorp Mortgage in Seattle, Washington. Mr. Dailey also spent 15 years with First Federal Savings Bank, a multi-billion dollar financial institution in Arizona, where he held several positions in their real estate department. Mr. Dailey received a B.S. from Texas Southern University in 1971.

Ms. Dubrova, Vice President, is responsible for the evaluation, consummation and management of investments in Europe, with a particular focus on Italy.  Ms. Dubrova also assists with investor relations activities for Colony.

Prior to joining Colony in 1998 as an Associate in the Los Angeles office, Ms. Dubrova worked as an Associate at Goldman Sachs, Fixed Income and as an Analyst in Merrill Lynch High Yield and Real Estate M & A groups. Between 2000 and 2003, Ms. Dubrova worked as a Chief Operating Officer of a software startup, Praedea Solutions, Inc. Ms. Dubrova received her BS in Sciences (concentration in Finance) from SUNY, Albany in 1994 and her MBA from Stanford University in 1998.

Mr. Elkins, Vice President of Colony Capital, interfaces with the Firm's current and prospective investors on all aspects of capital formation across the various platforms of the Firm.

Prior to joining Colony in 2009, Mr. Elkins was an Executive Director of the Real Estate Private Capital Markets group at Morgan Stanley. He originally joined Morgan Stanleyís investment banking division in 1996 and performed real estate advisory and principal investment activities in the firmís New York, London, and Boston offices. Most recently he focused on private equity real estate fund formation and coverage of institutional capital sources for all related Morgan Stanley services and products. He moved to AMB Capital Partners in 2002 where he served as an acquisitions officer and portfolio manager, launched AMBís investment expansion into Japan, and led global fundraising as the firmís Director of Business Development before returning to Morgan Stanley in 2007. Previously he held positions at Goldman, Sachs & Co. and Trammell Crow Company.

Mr. Elkins graduated magna cum laude from Princeton University and holds an MBA from Harvard Business School.

Mr. Fournage, Managing Director Colony Capital SAS, in addition to management oversight activities, is responsible for distressed assets and real estate investments with a concentration on industrial products.

Prior to joining Colony in 2004, Mr. Fournage worked in the telecom industry as Managing Director of Corvis’ French subsidiaries. Prior to Corvis, Mr. Fournage spent 10 years in the gaming industry as Managing Director of SciGames France and as General Counsel of the French national lottery company, Francaise des Jeux. Mr. Fournage received his Masters degree in business law from the University of Paris X in 1992.

Mr. Fuhrman, Senior Vice President and Corporate Counsel, is responsible for the identification, evaluation, and consummation of new investments, as well as certain legal matters pertaining to existing and new investments.

Prior to joining Colony, Mr. Fuhrman was an equity partner at Latham & Watkins LLP where he was co-chair of the firm's global real estate practice group. Mr. Fuhrman received his Juris Doctor from Loyola Law School, Los Angeles in 1995 and his Bachelors Degree from the University of California, Los Angeles in 1991. Mr. Fuhrman has also been a periodic guest lecturer at the law school at the University of California, Los Angeles on the subject of real estate finance.

Mr. Garnier, Financial Controller of Colony Capital SAS, is responsible for accounting and reporting for the European operations.

Prior to joining Colony in 2001, Mr. Garnier was a public accountant with Coopers & Lybrand, Horwath International and KPMG where he was an audit manager. Mr. Garnier focused on clients in the hotel and leisure and fashion and fragrance industries. Mr. Garnier received his master in Finance and Audit from Ecole Superieure des Affaires of Grenoble in 1985.

Ms. Geahchan, Managing Director of Asset Management for Colony Capital SAS, is responsible for the management of Colony’s European assets. Mrs. Geahchan first worked with Colony in Europe in 1999 as General Manager of ABC Hotels, the joint-venture created to manage the CGHS portfolio (36 hotels, 32 companies) mainly located in Paris and European Capitals. Prior to joining ABC Hotels, Mrs. Geahchan was the Financial Manager of Immobilièère Hotelier "IH", Deputy Managing Director of "SICOMI" Frankoparis Sicomi and manager of the financial engineering department of the Kuwaiti French Bank in Paris.

Mrs. Geahchan received a PhD in Economics from the University Saint Joseph of Beirut / University of Lyon II in 1975.

Mr. Lau, Managing Director of Colony Capital in Asia, is responsible for the identification, evaluation, consummation and management of investments in Asia Pacific region.

Prior to joining Colony in 2005, Mr. Lau was a vice president in Investor Asia Limited in Hong Kong, an Asia focus private equity fund sponsored by Investor AB of Sweden, where he was responsible for deal sourcing, executing and post acquisition monitoring of investments in the Greater China region. Prior to Investor Asia, Mr. Lau was a management consultant at Bain & Company, where he had extensive experience in advising major private equity funds in market assessment, valuation, deal structure, post acquisition strategy formation and performance turn around.

Mr. Lau received a Bachelor of Sciences degree in Computer Science from the Seattle Pacific University, and an M.B.A. from the University of Chicago GSB.

Mr. Layther, Chief Executive Officer of Colony Taiwan, is based in Taipei and is responsible for providing strategic direction and new business development for Colony’s activities in Taiwan.

Prior to joining Colony in 2004, Mr. Layther was a Vice President in the Risk Management Division at Oversea-Chinese Banking Corporation Limited (“OCBC”) based in Singapore. His role focused on the management of OCBC’s NPL portfolio on a group wide basis. Prior to that, Mr. Layther had worked in the accounting profession specializing in corporate restructuring and insolvency matters. Mr. Layther received a B. Comm. Degree from Melbourne University and is a member of the Institute of Chartered Accountants in Australia and a provision member of the Institute of Certified Public Accountants in Singapore.

Mr. Lee, Chief Executive Officer of Colony Korea-KAMCO Asset Management LLC, a joint venture between Colony Capital and KAMCO, is based in Seoul and is responsible for providing strategic direction and new business development for Colony’s activities in Korea and management of Colony’s existing investments in Korea.

Prior to joining Colony in 1999, Mr. Lee was an associate at Ahnkun & Co., a member firm of Deloitte Touche & Tohmatsu, where he advised domestic and international clients on due diligence, underwriting & securitization. He is a Chartered Financial Analyst and is also a member of the Korean Institute of Certified Public Accountants. Mr. Lee graduated summa cum laude from Seoul National University with a B.S. in Business Administration, completed the coursework of graduate studies from Seoul National University and the executive program of graduate school for real estate studies from Konkuk University.

Mr. Lenglet, Managing Director of Colony Luxembourg, is responsible for supervision and management of Colony’s Luxembourg holding companies. Mr. Lenglet is also active in the identification of business opportunities, as well as new capital and investor relations in Europe.

Prior to joining Colony in 1997, Mr. Lenglet was a Senior Vice President with Crédit Lyonnais Americas, where he was responsible for opening and managing several U.S. branches and managed the U.S. banking relationships with Fortune 500 companies. Mr. Lenglet received a degree from Ecole du B’timent et Travaux Public de Vincennes, France, and is a 1979 graduate of Harvard Business School’s Management Development Program.

Mr. Lhomme, Managing Director of Colony Capital SAS, is responsible for the identification, evaluation, consummation, and management of new investments.

Prior to joining Colony in 2000, Mr. Lhomme worked for the Strategic Director of Pinault Printemps Redoute. Mr. Lhomme previously worked as an analyst in New York for the Latin America privatization team of Paribas and for Mercer Management Consulting as analyst in Paris. Mr. Lhomme graduated with a degree in business administration and finance from HEC Graduate Business School in Paris and minored in international business in ESADE (Barcelona).

Ms. Mallory, Vice President of Colony Advisors, LLC, is responsible for the management of legal affairs and corporate and partnership records, as well as the documentation of Colony-sponsored fund investments.

Prior to joining Colony at its inception in 1991, Ms. Mallory worked as a paralegal at RRP Management Company where she worked on the disposition of a portfolio of loans and real estate owned by Executive Life Insurance Company. After a five-year stint in the United States Peace Corps in Burkina Faso (West Africa), Ms. Mallory began her career in real estate as Executive Assistant/Interpreter to the Project Manager of an oil refinery construction project in Togo, West Africa. Ms. Mallory received a B.S. degree from the Indiana University of Pennsylvania.

Mr. Marseille, Vice President of Colony Capital, interfaces with the Firm's current and prospective investors on all aspects of capital formation across the various platforms of the Firm.

Prior to joining Colony in 2007, Mr. Marseille began his professional career as a public official in the administration of New York City Mayor David N. Dinkins where he worked on the City's capital program and various economic development projects. He subsequently worked as an investment banker at Artemis Capital Group and Dain Rauscher structuring tax-exempt and taxable municipal debt for public issuers across the country. Mr. Marseille later worked as an advisor at a boutique investment banking firm providing advisory services on leveraged lease transactions to public sector clients. Just prior to joining Colony, Mr. Marseille worked at Diamond Edge Capital Partners and founded Carrefour Capital, LLC where he raised capital for various private equity, hedge fund, and real estate clients.

Mr. Marseille graduated with distinction from SUNY at New Paltz with a Bachelor of Science in Finance. He holds an MBA with concentration in finance from the State University of New York at Albany.

Mr. Monahan, Senior Vice President of Colony Capital, LLC, operates the Colony Hawaii office and is responsible for the identification, evaluation, consummation and management of hospitality investments worldwide.

Prior to joining Colony in 1996, Mr. Monahan held several executive level positions with ITT Sheraton and InterContinental Hotels Group in the U.S., Europe, the Middle East, and Asia. Mr. Monahan received his B.S. from Cornell University’s School of Hotel Administration.

Mr. Moussalem, Managing Director of Colony Capital SAS, is responsible for the identification, evaluation, consummation and management of new European investments, with concentration in consumer services.

Prior to joining Colony in 2000, Mr. Moussalem worked for AXA in Paris in the Financial Products engineering department. Mr. Moussalem graduated from the Ecole Centrale in Lyon, with a Masters in Information Technology.

David Palamé, Assistant General Counsel of Colony Capital, LLC, is based in Colony’s New York office and is responsible for various legal affairs and investor relations activities for Colony Capital.

Prior to joining Colony Capital in 2007, Mr. Palamé was with the law firm of Sullivan & Cromwell LLP, where he specialized in the formation of private equity funds, commercial real estate transactions and mergers and acquisitions. Following law school, Mr. Palamé served as a law clerk to the Honorable William J. Rea, United States District Court for the Central District of California at Los Angeles. Mr. Palamé received a B.A. from the State University of New York at Buffalo and a J.D. from the University of Pennsylvania Law School.

Mr. Pathria, Vice President of Colony Capital, LLC, is responsible for sourcing, evaluating, structuring, and executing new investment opportunities primarily located in North America.

Prior to joining Colony in 2004, Mr. Pathria practiced real estate law at Metricom, a Paul Allen and Worldcom venture, before returning to business school. Mr. Pathria also worked at Kibel Green in Los Angeles specializing in turnaround advisory and restructuring. Mr. Pathria received his B.A. in Business Economics from UCLA in 1996 followed by a J.D. from UCLA School of Law in 1999. Mr. Pathria subsequently received his M.B.A. in Finance and Real Estate from the Marshall School of Business at the University of Southern California.

Mr. Redington, Senior Vice President - Controller and Chief Accounting Officer of Colony Capital, LLC is responsible for financial accounting and reporting for Colony-sponsored investment partnerships and related affiliates and subsidiaries.

Prior to joining Colony in 2008, Neale was an audit partner in the real estate and hospitality practice of Deloitte & Touche LLP where he was the US partner in charge of hospitality services. During his twenty years with Deloitte, Neale worked in both London and Los Angeles and developed expertise in hotel accounting together with experience in investment fund accounting, asset valuations, tax implications of real estate transactions and SEC filings. Mr. Redington, a Certified Public Accountant and a Chartered Accountant in England & Wales, received a B.Com.(Acc.)(Hons.) in 1987 from the University of Birmingham in England.

Mr. Schwartzman, Vice President and Treasurer of Colony Advisors, LLC, is responsible for managing the firm's treasury activities, as well as financial and investment forecasting and portfolio analysis.

Prior to joining Colony in 2002, Mr. Schwartzman was an Associate with the Real Estate Investment Banking Group of Deutsche Banc Alex. Brown. Mr. Schwartzman received his B.A. in Business Economics with a minor in Accounting from the University of California, Los Angeles in 1997.

Mr. Sengsuwan, Managing Director, Real Estate Development of Colony Capital SAS, is responsible for the identification, evaluation, and management of real estate development investments.

Prior to joining Colony in 1998, Mr. Sengsuwan was responsible for €1.5 billion in real estate assets at the CDR, the defeasance organization of Crédit Lyonnais. From 1987 to 1993, he was Director, responsible for real estate financing and development projects (hotels and office buildings) at BIMP, a bank of the Michelin group and a French insurance company. From 1982 to 1987, Mr. Sengsuwan was in charge of real estate investment in European office buildings and hotels for BAII, a consortium of 38 Arab and non-Arab interests (Kuwait, Abu Dhabi authorities, BNP, Bank of America, and Sumitomo). From 1974 to 1981, Michel Sengsuwan was in charge of a portfolio of investments in real estate developments for a real estate bank subsidiary of Banque Paribas. Mr. Sengsuwan received his Licence És Sciences Économiques from the Université de Paris I - Pantheon-Sorbonne in 1972 and his Diplôme d´Études Comptables Supérieues (D.E.C.S.) in 1979.

Mr. Thomas, Vice President, Director of Information Technology of Colony Capital, LLC, is responsible for the overall management and direction of Colony's information technology needs globally and will focus on the strategic development and implementation of our IT requirements and the business processes they facilitate.

Prior to joining Colony, Greg was the Senior Vice President and Chief Information Officer at SunCal Companies where he was responsible for the strategic direction, planning, and execution of Suncal's global IT function. Prior to that, Greg's experience comprises more than 13 years experience as a Senior Manger with Ernst & Young, Kenneth Leventhal & Company and KPMG in the real estate advisory areas of those firms. During his tenure, he provided technology and business process services to a wide variety real estate and financial service companies. Mr. Thomas received a B.S. in Systems Analysis & Finance from Miami University (Ohio) in 1985.

Ms. Tran, Vice President of Finance and Operations of Colony Capital, LLC, is responsible for all financial activities related to the general partner including global corporate accounting operations, general partner operations and reporting and special projects.

Prior to joining Colony in 2006, Ms. Tran was Vice President and Controller of The Blackstone Group from 2002 to 2006 where she was responsible for accounting and financial reporting, investor reporting and performance analysis. She was also involved with portfolio company reporting and analysis and various strategic planning projects. She began her career in public accounting in 1995 with KPMG and with Ernst & Young in 1999 where she was a manager serving private equity clients on financial and operational due diligence. Ms. Tran, a Certified Public Accountant, holds a B.A. degree in Business Economics from the University of California, Riverside.