BOB McCLAIN

Chief Executive Officer

Crow Holdings Capital

BOB McCLAIN

Bob McClain is the Chief Executive Officer of Crow Holdings Capital. He is the head of the Crow Holdings Capital Investment Committee and is responsible for real estate investment activities at CHC.

Bob has been with Crow-affiliated companies since 1986, when he joined the Trammell Crow Company in the Washington, D.C. office. He advanced to partner in the Northeast region in 1989. In 1994 he became a Managing Director of the Crow Investment Trust of Crow Holdings, responsible for shopping center investments. In 2005 he was promoted to Head of Real Estate for Crow Holdings.

Bob began his career in the audit and tax practice areas with Coopers & Lybrand LLP in New York, where he became a Certified Public Accountant.

Bob received a B.S. degree, summa cum laude, in Business Administration from the State University of New York at Albany and received his M.B.A. degree from the Harvard Business School. He is a member of the International Council of Shopping Centers and the Urban Land Institute.

This overview is designed to introduce Crow Holdings and its various operating companies. Crow Holdings Capital is a U.S. SEC registered investment adviser and is the manager to the Crow Holdings Capital Funds. Maple Capital Management, L.L.C. is a U.S. SEC registered investment adviser and is the manager of the Crow Holdings Industrial Build-to-Hold Fund. Crow Holdings Capital, Trammell Crow Residential and Crow Holdings Industrial are operated separately and independently from one another with separate senior leadership and investment committees.