Senior Officers

Security Capital Research & Management Incorporated (SC-R&M) has a deep and seasoned investment team contributing to the implementation of our investment process. The combined real estate and real estate securities experience of our senior investment professionals covers a period beginning in 1974 and spans periods of various conditions in the real estate operating and investment markets ranging from depressed to highly favorable. Following is biographical information on SC-R&M's senior professionals.


ANTHONY R. MANNO JR . is CEO, President and Chief Investment Officer of Security Capital Research & Management Incorporated. He is Chairman of Security Capital Real Estate Mutual Funds Incorporated and Security Capital Preferred Growth Incorporated. Prior to joining Security Capital in 1994, Mr. Manno spent 14 years with LaSalle Partners Limited as a managing director, responsible for real estate investment banking activities. Mr. Manno began his career in real estate finance at The First National Bank of Chicago and has 30 years of experience in the real estate investment business. He received his MBA in Finance with honors (Beta Gamma Sigma) from the University of Chicago and graduated Phi Beta Kappa from Northwestern University with a BA and MA in Economics. Mr. Manno is also a CPA and was awarded an Elijah Watt Sells Award.


KENNETH D. STATZ is a Managing Director and Senior Market Strategist of Security Capital Research & Management Incorporated where he is responsible for the development and implementation of portfolio investment strategy. Prior to joining Security Capital in 1995, Mr. Statz was a Vice President in the Investment Research Department of Goldman, Sachs & Co. concentrating on research and underwriting for the REIT industry. Previously, he was a REIT Portfolio Manager and a Managing Director of Chancellor Capital Management. Mr. Statz has 22 years of experience in the real estate securities industry and received his MBA and BBA in Finance from the University of Wisconsin.


KEVIN W. BEDELL is a Senior Vice President of Security Capital Research & Management Incorporated where he directs the Investment Analysis Team, which provides in-depth proprietary research on publicly traded companies. Prior to joining Security Capital in 1996, Mr. Bedell spent nine years with LaSalle Partners Limited where he was Equity Vice President and Portfolio Manager with responsibility for strategic, operational and financial management of a private real estate investment trust with commercial real estate investments in excess of $1 billion. Mr. Bedell has 17 years of experience in the real estate securities industry and received his MBA in Finance from the University of Chicago and his BA from Kenyon College.
 

DAVID E. ROSENBAUM is a Senior Vice President of Security Capital Research & Management Incorporated with primary responsibility for origination and structuring of privately negotiated investments. Prior to joining Security Capital in 1997, Mr. Rosenbaum was a Vice President at Lazard Frères & Co., LLC, where he structured investments in real estate operating companies. Previously, he was an Associate in the New York and Chicago offices of Lazard Frères & Co. LLC, where he executed merger and acquisition transactions for real estate and hotel companies. Mr. Rosenbaum has 13 years of experience in the real estate securities industry and holds a BA from Yale University.