CYNDY SILVERTHORN

Chief Financial Officer

Crow Holdings Capital

CYNDY SILVERTHORN

Cyndy Silverthorn is the Chief Financial Officer of Crow Holdings Capital, where she is responsible for real estate fund operations including investor services, performance analysis and reporting. Since joining Crow Holdings in 2000, Cyndy has been actively involved in various investment-related processes including assisting in risk management, structuring and overall fund management.

Cyndy’s prior experience includes serving as a Senior Fund Controller with CB Fund Services and real estate tax services with Arthur Andersen.

Cyndy received a B.B.A. in Accounting from Southern Methodist University, an M.S. degree with concentration in Accounting from the University of Texas at Dallas and is a licensed Certified Public Accountant. She is a member of the Advisory Council for Communities Foundation of Texas.

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, Crow Holdings Industrial and Crow Holdings Office are operated separately and independently from one another with separate senior leadership and investment committees. SEC registration does not imply a certain level of skill or training.