Team
Team
John Parker

John M. Parker, Principal
President and CEO
John Parker is a founding principal of Kennedy and was Director of Acquisitions until March 2007 when he assumed the position of President and CEO. In this role, Mr. Parker focuses on the day-to-day operations as well as the strategic direction of Kennedy. As a member of the Investment Committee, he participates in all strategic considerations for the entire Kennedy portfolio.

From 1978 to 1981, Mr. Parker worked with the real estate subsidiary organization that evolved into Kennedy. From 1982 to 1987, he was a principal with two independent regional real estate brokerage firms with headquarters in Seattle, the Clarion Group (1982-1985), and Parker Jackson, Inc. (1985-1987). From 1987 to 1988, immediately prior to rejoining Kennedy as a principal, he was employed by the Financial Services Group of Cushman and Wakefield, a national real estate brokerage firm. Throughout this period, he worked closely with Kennedy.

Mr. Parker holds an MBA degree from Harvard University and a BA degree in economics and mathematics from Stanford University. In addition, he is a licensed real estate broker in the state of Washington and is a member of the Urban Land Institute (ULI).

Preston Sargent

Preston R. Sargent, Principal
Executive Vice President, Portfolio Management
Preston Sargent joined Kennedy in 2000 as Executive Vice President and Director of Asset Management. In his role as Director of Asset Management, Mr. Sargent oversaw the Asset Management team as assets under management grew to approximately $9 billion by the end of the first quarter 2007. In mid-2007, Mr. Sargent transitioned to a new role as Portfolio Manager for Kennedy's $7.2 Billion (NAV) Multi-Employer Property Trust, an open-end commingled fund.

He has been in commercial real estate investment management and pension advisory for 25 years. Immediately before joining Kennedy, he was a Vice President at GE Asset Management (GEAM) where he worked for approximately ten years. At the time of his departure from GEAM, Mr. Sargent was a portfolio leader responsible for all new investment activity and asset and portfolio management in the central third of the United States.

Prior to joining GEAM, he held positions in regional asset management, debt-workout, and acquisitions at Aetna Realty Investors in Hartford and William Blair Realty in Chicago. Mr. Sargent began his real estate career in 1983 as an Associate at LaSalle Partners in Chicago.

Mr. Sargent has a Juris Doctorate degree from Case Western Reserve University in Cleveland. He also holds a BA degree in political science/economics from Colorado College. He is active in the National Association of Real Estate Investment Managers (NAREIM) and the Urban Land Institute (ULI).

Robert Ratliffe

Robert A. Ratliffe, Principal
Executive Vice President, Portfolio Management
Bob Ratliffe joined Kennedy in July 2003 as Senior Vice President — Capital Markets and became a principal of the firm in 2005. He assumed responsibility for all Separate Account Portfolio Management, marketing, client relations and Responsible Property Investment activities in 2008. He serves on the firm's Management and Investment Committees as well as the Board of Managers.

Mr. Ratliffe joined Kennedy after spending seven years as a principal at Eagle River Investments, a private equity firm formed by Craig McCaw after the sale of McCaw Cellular Communications, Inc. to AT&T. Mr. Ratliffe participated in the management of Eagle River and its portfolio companies, where he was called on to provide full-time leadership to the companies in varying capacities. In addition to telecommunications and venture capital investments, he was responsible for the purchase and disposition of various real estate assets for McCaw. Prior to joining Eagle River, Mr. Ratliffe spent ten years with McCaw Cellular in several senior management roles. Previously he served as Vice President and Senior Investment Banking Officer at Bank of America, where he was involved in merger and acquisition consulting.

Mr. Ratliffe began his career after graduation from the University of Washington in 1982 by founding, with a partner, a real estate investment banking firm. Mr. Ratliffe holds a Certified Commercial Investment Member (CCIM) designation and is a member of the National Association of Real Estate Investment Managers (NAREIM) and the Pension Real Estate Association (PREA) and the Urban Land Institute. He serves on the Editorial Board of the Institutional Real Estate Letter. He also serves on the Board of Trustees of Seattle University and the 10-99 Foundation, which provides grants to the surviving families of police officers who are killed in the line of duty.

Jack vanHartesvelt

Jack vanHartesvelt, Principal
Executive Vice President
Jack vanHartesvelt joined Kennedy Associates Real Estate Counsel in 1997 and oversees the company's hotel investment, development and asset management portfolio. Prior to joining Kennedy, Mr. vanHartesvelt was Executive Vice President of Westin Hotel Company where he was in charge of all development-related activity in North and South America. He was also directly responsible for the Westin's time-share company where he oversaw all its sales, operation and development activities.

Prior to joining Westin, Mr. vanHartesvelt was Corporate Vice President – Development for Wyndham Hotel Company where he managed all development related activities both domestically and internationally.

Prior to Wyndham, Mr. vanHartesvelt was President of Eagle Hotel Group, founding President of Hawthorn Suites, Vice President of Development of Brock Hotel Corporation where he directed the expansion of Residence Inn from 4 to 65 hotels and was a hotel consultant for Laventhol and Horwath for five years in Dallas, Texas.

Mr. vanHartesvelt has been a speaker at numerous hotel industry forums and a frequent college lecturer. He was voted Outstanding Alumnus in 1982 from Michigan State University's School of Hotel, Restaurant and Institutional Management from which he graduated in 1975.

Steve Bremner

Steven S. Bremner, Principal
Executive Vice President, Chief Financial Officer
Steven S. Bremner is a financial manager with over 30 years of accounting and information systems development experience. He joined Kennedy in the spring of 2000. Mr. Bremner began his career in 1977 in Seattle, where he worked for six years as an accountant and management consultant with Arthur Andersen. Since leaving public accounting he has held financial and general management positions in international trade, natural resources extraction and building products distribution. Immediately prior to joining Kennedy, he was the president and owner of an office business center in Bellevue, Washington.

Mr. Bremner received an MBA degree from the University of Oregon and a BS degree from the University of California, Berkeley. He is a member of the Beta Gamma Sigma national honor society in business and management, and is a Senior Accounting Advisor to the National Association of Real Estate Investment Managers (NAREIM). He is licensed as a CPA in the state of Washington and is a member of the Washington Society of Certified Public Accountants and the American Institute of Certified Public Accountants.

Shobi S. Khan

Shobi S. Khan, Principal
Chief Investment Officer

Shobi Khan joined Kennedy in the fall of 2007 and is the Chief Investment Officer. He is directly responsible for acquisition activity and chair’s Kennedy’s Investment Committee. Kennedy Associates is a private real estate investment advisor with approximately $9 billion assets under management to separate account clients and equity real estate funds.

Mr. Khan comes to Kennedy after 11 years with Equity Office Properties Trust (“EOP”) where most recently he served as Senior Vice President of Investments. At EOP he was responsible for new acquisitions in the Eastern U.S., joint ventures, REIT mergers and acquisitions, international opportunities, and other corporate transactions. Mr. Khan led the underwriting of the three largest office REIT mergers ($16 billion) including EOP’s merger with Beacon, Cornerstone, and Spieker Properties. In addition, Mr. Khan was involved with EOP’s $39 billion sale to Blackstone in February 2007, at the time the largest leveraged buyout in U.S. business history. He also completed over $3 billion of single/portfolio acquisitions, developments, dispositions, and joint venture transactions. Mr. Khan has also spent portions of his career in asset management and development.

Prior to joining EOP in 1996, Mr. Khan served with Katz Hollis, Inc. in Los Angeles, where he completed more than $5 billion in tax allocation bond transactions and public/private-financing assignments throughout the United States. Before joining Katz Hollis, he was with Arthur Andersen in San Francisco where he was responsible for various real estate consulting engagements.

Mr. Khan is a member of the Urban Land Institute. He holds an MBA from the University of Southern California, and a bachelor’s degree from the University of California, Berkeley.

avid L. Antonelli

David L. Antonelli, Principal
Senior Vice President

David Antonelli joined Kennedy Associates in 1995 and is a Senior Vice President in the Acquisition group. Based in the Washington, D.C. office, he is responsible for all of Kennedy's acquisition and other investment activities in the Mid-Atlantic and Northeast regions. From 1989 through 1995, Mr. Antonelli was employed by New York-based Elders American Realty Capital Inc., a joint venture of Foster's Brewing Group Limited of Australia and American Realty Capital, Inc. In this capacity, he participated in the acquisition, asset management and disposition of $300 million of income-producing properties located throughout the United States. His responsibilities also included supervisory asset management of a separate, $350 million portfolio of equity joint ventures. Initially hired as an Associate, Mr. Antonelli was ultimately promoted to Vice President.

From 1986 through 1988, Mr. Antonelli was a Financial Analyst in the management consulting department of KPMG's Washington, D.C. office. His responsibilities included supporting the firm's clients in financial management, organization analysis, and development and implementation of computer-based financial management systems.

Mr. Antonelli holds an MBA degree in finance from George Washington University and a BA degree in economics from Syracuse University. He is a member of the Urban Land Institute and the National Association of Industrial and Office Properties.

Paul Boneham

Paul Boneham, Principal
Senior Vice President

Paul Boneham joined Kennedy in 2002 and is a Senior Vice President in the acquisition group, with primary responsibility for sourcing new investment opportunities in the Midwest region. Prior to joining Kennedy, he worked as a Managing Director with Rockwood Realty Associates, a private real estate investment banking firm. Prior to working with Rockwood, he served as an Executive Vice President of Heitman Capital Management where he directed the property disposition activities of this pension advisory firm for seven years. Under his direction, the disposition department completed more than 200 sale transactions across the country having a cumulative value in excess of $7.3 billion.

Prior to joining Heitman, Mr. Boneham spent four years with Richard Ellis International, a real estate advisory firm with offices in more than thirty countries. As a shareholding principal, he ran the Chicago office of the firm, directing acquisition, asset management, valuation and consulting assignments on behalf of foreign and domestic clients of the firm.

Previous to Richard Ellis, Mr. Boneham worked in the real estate investment department of The Prudential Insurance Company of America for eight years. During this time he supervised or implemented more than 100 equity and debt transactions throughout the Midwest region, having a cumulative value in excess of $1.2 billion.

Mr. Boneham holds a Bachelor's Degree from the University of Wisconsin - Whitewater and a Master's Degree in business administration from The University of Wisconsin. He is an active member of The National Association of Industrial and Office Properties (NAIOP), the National Association of Real Estate Investment Managers (NAREIM) and the Wisconsin Real Estate Alumni Association. He is also a licensed real estate broker in Illinois.

Jeanette R. Flory

Jeanette R. Flory, Principal
Senior Vice President

Ms. Flory joined Kennedy's Asset Management team in 1998. Ms. Flory has 21 years of real estate experience in marketing, due diligence, brokerage, leasing and asset management.

From 1993 to 1998, Ms. Flory was employed by IBEX Institutional Advisors, a pension fund advisor based in Coral Gables, Florida. She was asset manager for a portfolio containing over 1.5 million square feet of office, industrial, retail, hotel and resort properties. While with IBEX, Ms. Flory also headed up the due diligence activities company wide. She handled closings for over $300 million of acquisition, refinancing and disposition.

Prior to IBEX, Ms. Flory was involved in acquisition and finance for several Dallas based real estate investment and brokerage companies.

Ms. Flory served on the Executive Board as Treasurer for the City of Coral Gables Business Improvement District. She is a board member for the Northwest Chapter of Commercial Real Estate Women (CREW)-Northwest and was also a member of the Executive Board for CREW-Miami serving as its Membership Director.

Ms. Flory received a BS degree in education from Bowling Green State University.

Jim Howard

Jim Howard, Principal
Senior Vice President

Jim Howard joined Kennedy in 2007 as Senior Vice President of Acquisitions, managing the Southern California regional office. He is responsible for all Kennedy acquisitions and investments in Southern California and Arizona.

Mr. Howard was Vice President of Acquisitions for the previous 13 years at Cornerstone Real Estate Advisers, a subsidiary of MassMutual. He directly sourced equity real estate investments on behalf of institutional clients. Mr. Howard produced over $1.75 billion of acquisition and development investments consisting of multi-family, office buildings, retail centers, and warehouses. These projects were located in California, Arizona, Colorado, and Texas. From 1988 to 1994—prior to joining Cornerstone—he worked for MetLife Real Estate Investments in Los Angeles, California. He served in asset management and originated equity and mortgage real estate investments. Before joining MetLife, he was with Hayes & Company in Pasadena, California as a commercial real estate leasing and investment broker.

Mr. Howard received his Masters in Real Estate Development and Bachelors in Business Administration from the University of Southern California.

Michael R. McCormick

Michael R. McCormick, Principal
Senior Vice President

Michael McCormick joined Kennedy in 1995 and has over 22 years of real estate experience.

From 1986 to 1994, Mr. McCormick was a Vice President for asset management for Travelers Realty Investment Company, a subsidiary of the Travelers Insurance Company. His responsibilities in this position included the management and supervision of approximately 2,000 multifamily units, 4.3 million square feet of office space, retail and mixed use property and over one million square feet of industrial space. He was responsible for operations in over 20 different markets, including cities in the Midwest, Southwest and West regions of the United States.

Prior to these positions, Mr. McCormick owned a real estate development consulting company which performed work on over 50 projects in the greater Seattle area. His responsibilities included representing land owners and achieving master plan approvals, zoning and planned unit development approvals and project financing. He was extensively involved with construction management and performed project evaluation and financial analysis on a wide variety of property types and projects.

Mr. McCormick received a BA degree from Michigan State University.

Scott Matthews

Scott Matthews, Principal
Senior Vice President

Scott Matthews joined Kennedy in July 2002 as a Vice President in asset management where he is responsible for a portfolio of over 4 million square feet. Mr. Matthews has been in commercial real estate for 17 years.

Immediately prior to joining Kennedy, Mr. Matthews held the position of Vice President of Asset Management for GE Financial Assurance in Seattle, where he had responsibility for portfolios in both the U.S. and Japan. His primary responsibilities included all aspects of asset management for the equity investment portfolio as well as value enhancement and disposition of REO assets. While at GE, he was significantly involved with the acquisition and portfolio management of a 189-property portfolio located throughout Japan.

Prior to joining GE, Mr. Matthews was a Senior Portfolio Manager at Cushman & Wakefield in Portland, Oregon, where he was responsible for the delivery of asset services to a variety of institutional clients. Mr. Matthews has also held Asset and Property management positions at Great American Bank, Draper & Kramer, and Equitec Financial Group.

Mr. Matthews holds both the CCIM and CPM designations, and is an active member of IREM. Mr. Matthews received his BA degree from San Diego State University.

Tad Moore

Tad Moore, Principal
Senior Vice President

J. Thaddeus Moore III joined Kennedy in 2005 with primary responsibility for developing, generating and structuring acquisition opportunities throughout the State of California.

Mr. Moore's previous professional history encompasses over 25 years of real estate experience including development, real estate finance, and asset management.

He began his career at Norris, Beggs and Simpson, a commercial brokerage and mortgage banking firm based in San Francisco. While at NB&S, he served as a managing director of the Capital Asset Group providing financial and advisory services to major institutional investors through out the United States. Subsequent to his involvement at NB&S, Mr. Moore founded Santa Maria Holdings, Inc. and Lone Tree Properties, Inc. both successful real estate investment, development, and management companies.

Mr. Moore holds a BA degree in Economics from the University of California at Berkeley.

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