Matthew M. Baron ^People

Since2005, when Mr. Baron joined forces with Jonathan Simon, their company has grown from one employee and a few hundred million of assets to over $1.5 bil- lion of assets and 14 professionals. Mr. Baron currently sits on the Board of Directors of the Long Island City BID, and is also a member of the Board of Directors of Ollie, which is a company he and Mr. Simon helped found. Mr. Baron was also an AdjunctLecturer at New York University's School of Continuing and Professional Studies where he taught a course on Real Estate Development. Mr. Baron holds a BS in Finance from NYU Stern and an MBA from Columbia Business School. Simon Baron Development focuses on opportunistic, value add acquisitions and looks for opportunities that re- quire development, redevelopment or repositioning, leveraging over a century of cu- mulative real estate experience. The firm's principals have extensive experience withground up development, renovations of existing buildings and repositioning of failed or mismanaged assets. Simon Baron Development has a long history in New York City, founded in 1990 by Jonathan Simon, the firm prides itself on its ability toseek out and find unique opportunities, including of market transactions that require special development expertise. Simon Baron has also worked with, and currently maintainsrelationships with, many institutional firms such as banks and real estate private equi- ty firms that continue to act as sources ofcapital for the firm's transactions.