Mr. Schoenfeld is the Chairman of the Board of APL. With more than 20 years of real estate investment experience in Asia and North America, Mr. Schoenfeld led APL to become one of the first foreign real estate investors in Japan after the bubble burst in 1997. Under Mr. Schoenfeld’s leadership, APL has grown to manage over US$4 billion in assets. APL is generally regarded as one of the most sophisticated and conservative real estate operating platforms in Asia. Prior to establishing APL, from 1990 to 1993 he was a Vice President at BA (Asia) Limited, which at that time was a subsidiary of Bank of America where he was primarily responsible for overseeing its Asian real estate operations. From 1989 to 1990, Mr. Schoenfeld was a Vice President in the investment services group of Jones Lang Wootton USA (which later merged with LaSalle Partners in 1999 and is now known as Jones Lang LaSalle Incorporated). At Jones Lang Wootton USA, he was responsible for advising real estate investors on acquisitions, real estate financing and debt and equity structuring. From 1988 until 1989 he worked in Tokyo for HASEKO Corporation, a major Japanese property development and construction company. Mr. Schoenfeld graduated from Williams College in 1987 with a Bachelor of Arts in Philosophy. He is fluent in Japanese and Mandarin and conversant in Cantonese. Mr. Schoenfeld has also established numerous philanthropic efforts across mainland China primarily aimed at improving children’s education and the environment.

Mr. Reitknecht has spent the past 15 years overseeing the operations of the firm. Mr. Reitknecht established each office and oversaw the hiring and training of all employees. As the primary spokesperson for the firm, Mr. Reitknecht oversees investor relations as well as lender relationships. Mr. Reitknecht plays a significant role in sourcing investment opportunities and investment partners. Mr. Reitknecht also helps oversee investment underwriting and firm strategy. Prior to establishing APL, he served as a middle market loan officer at Chemical Bank in New York, with over five years' experience in commercial lending, working capital management and project finance. Prior to Chemical Bank, he worked as a research analyst for Balis Zorn Gerrard, a boutique research and investment house on Wall Street specializing in the Entertainment, Toy and Cable industries. Mr. Reitknecht holds a BA in Economics from Vassar College.

Ms. Kennedy brings with her more than 25 years of experience as a senior leader with extensive experience in financial management, operations and organizational development with international exposure in Japan, Mexico and the U.S. Formerly, she was Director of Bancomer's Tourism Division in Mexico, CFO for two real estate firms in the U.S. and has served on Board of Directors for various U.S. and Mexican companies. She started her career at Deloitte & Touche after graduating with a BA from Southern Illinois University. She holds a CPA certification from the State of Illinois.

Mr. Hirayama has 12 years of real estate development, management, leasing, brokerage and finance experience with Nomura Real Estate Development. At Nomura, he spearheaded the first retail development project structured with Western style finance in Japan. Mr. Hirayama holds both Bachelors and Masters degrees in Architecture from Kobe University and an MBA in Finance from Leicester University. He also holds a Japanese Real Estate Brokerage License (Takken Shunin).