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Jonathan M. Larmore

Currently holds the positions of Chief Executive Officer, President and Manager of ArciTerra Group, LLC and CSL Investments, LLC. During the last eleven years, Mr. Larmore has been involved in various aspects of the real estate industry including the acquisition, leasing, financing, repositioning, and disposition of assets valued at over $200 million. Mr. Larmore has personally invested in more than $60 million of real estate since 1998. Mr. Larmore previously held the position of Executive Vice President and Managing Director of Real Estate for Cole Capital Partners, LLC and Cole Real Estate Services, Inc. Mr. Larmore received a Bachelor of Science Degree from the Kelley School of Business, Indiana University, with a major in Business Management.

Marcia M. Larmore

Currently holds the position of Senior Vice President and Principal of ArciTerra Group, LLC. Mrs. Larmore also currently holds the positions of Manager, President, and Principal of Moynahan Investments, LLC, which is a member of the Advisor. Mrs. Larmore has personally invested in more than $45 million of real estate since 1980. Mrs. Larmore taught school in Indianapolis, Indiana and Oakland, California prior to her retirement from formal teaching. She has served as President and/or Chairman of many community boards in Indianapolis and Fort Wayne. Mrs. Larmore graduated with a Bachelor of Science Degree from Indiana University, Bloomington, with a major in Education with Special Graduate-School Endorsements in Early Childhood Education, Mentally Challenged Education, and Gifted and Talented Education.

William A. Rack, Jr.

Is the Vice President of ArciTerra Group, LLC and the President of ArciTerra Capital, LLC in June 2005. Prior to joining ArciTerra, Mr. Rack was the Senior Vice President/Managing Director of Capital Markets for Cole Capital Advisors, Cole Capital Partners, Cole Partnerships, Inc., and Cole REIT Advisors, LLC. During his tenure at the Cole companies, Mr. Rack was involved in the creation and funding of more than 20 private placement offerings, including four note offerings, totaling over $335 million in equity. Prior to joining Cole in July 2000, Mr. Rack worked for twelve years with Laeroc Partners, Inc., a Los Angeles-based real estate syndicator, most recently as head of the Capital Markets Division. Mr. Rack has been in the real estate and finance industry for over seventeen years. During this time, he has handled all aspects of the business from property dispositions, leasing, and asset management to refinancing and loan servicing. Mr. Rack received a Bachelor of Science Degree from the University of the Pacific with majors in Finance and Marketing.

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