MBK - Key Persons

Job Titles:

• Senior Vice President of Information & Technology
• SVP Information Technology

Albert Perez is Senior Vice President of Information & Technology of MBK Real Estate and its affiliated companies. In this role, Mr. Perez is responsible for the technology direction, design, development & sustainability for the organizations business solutions. Before joining MBK, he had a career in public accounting specializing in business advisory, consulting and operational restructuring. His expertise is in the areas of business advisory for the areas of IT optimization and manufacturing. In the dotcom era Albert owned a successful independent advisory firm specializing in ERP implementations, supply chain optimization and business restructuring activities. Albert earned his BS from The University of La Verne and also attended executive education courses at Stanford in the field of technology innovation.

Job Titles:

• Chief Legal Officer
• General Counsel
• Senior Vice President

Anita Hsu is Senior Vice President, General Counsel of MBK Real Estate Companies. She currently oversees all related legal matters for MBK Real Estate and its subsidiaries, MBK Senior Living, MBK Rental Living, MBK Homes and MBK Industrial Properties. Before joining MBK, she was a partner at Manatt, Phelps & Phillips, LLP, specializing in real estate transactions, including complex acquisitions and dispositions, financing, leasing and other matters related to the ownership and development of commercial, industrial, residential and retail properties. She also served (on secondment) as in-house legal counsel for an alternative energy company. Anita received her law degree from the University of California, Berkeley School of Law, and she was a recipient of the Paul and Daisy Soros Fellowship for New Americans. She graduated summa cum laude with a Bachelor of Arts in Psychology from the University of California, Berkeley.

Job Titles:

• Administrative Officer
• CFO / CAO
• Chief Financial
• EVP CFO / CAO

Ed Stokx is chief financial & administrative officer of MBK Real Estate and its affiliated companies. In this role, Mr. Stokx leads the company's capital raising efforts, including debt and third-party equity. In addition, Stokx oversees the company's finance and accounting functions as well its IT and HR resources, which support the MBK's 2,200 employees. Prior to joining MBK in 2017, Mr. Stokx served 14 years as Executive Vice President, Chief Financial officer of PS Business Parks, a publicly traded real estate investment trust focused on office and industrial assets across the United States. In his capacity at PS Business Parks, Mr. Stokx led the company's debt and equity raising efforts as well as its investor relations efforts. While at PS Business Parks, Mr. Stokx led the efforts to form the company's multi-family joint venture which focused on replacing obsolete office properties with state-of-the-art apartment communities. Prior to joining PS Business Parks, Mr. Stokx served as Chief Financial Officer of Center Trust, Inc., a publicly traded real estate investment trust focused on developing and managing community retail centers. He was instrumental in the company's 2003 merger with another public REIT. Mr. Stokx joined Center Trust in October 1997 after having assisted taking the company public while working for Deloitte.

Job Titles:

• Executive Vice President

Hiroshi Sugita brings more than 20 years of experience in investment and business development to his position as Executive Vice President of MBK Real Estate, overseeing the company's overall management. In addition, Hiroshi has also been initiating the launch of a private fund strategy aiming at utilizing MBK's platform and Mitsui's global network. Hiroshi has worked for Mitsui & Co., Ltd since 1998. Before joining MBK, he has led multiple investments and real estate projects at Mitsui & Co., including M&A of Mitsui's subsidiaries in property management and development projects and industrial REIT in Singapore. Hiroshi earned a bachelor's degree in Economics from Waseda University, Japan, and a Master of Business Administration from Kellogg School of Management at Northwestern University.

Job Titles:

• President - MBK Senior Living
• Senior Living As President

Jeff Fischer joined MBK Senior Living as President to oversee operations and growth of the company. He has worked in the senior living industry for the past 25 years in a variety of capacities, including Human Resources, Training and Operations. In his current role, Jeff oversees all aspects of the Senior Living Division, as a part of MBK Real Estate Companies. Jeff has served on several committees and special interest groups, including grassroots efforts on behalf of the industry. Additionally, he has served on the local AFLA board of directors for Florida, South Carolina and Georgia. Additionally, Jeff serves on the board of directors for the American Senior Housing Association. Prior to joining MBK, Jeff held senior operations roles at Sunrise Senior Living, Emeritus Senior Living, LifeTrust America and Integral Senior Living.

Job Titles:

• SVP Human Resources

John joined MBK in July, 2021. John has extensive experience managing large diverse employee populations over multiple states. John is a thoughtful, collaborative leader with a passion for identifying innovative methods to attract, develop and retain employees. John is a graduate of University of Colorado Denver, holds several professional certifications and presently serves on the Design Thinking Advisory Board at the University of California, Riverside.

Job Titles:

• Chairman of the Board
• President

Katsuo Yamanaka is President and Chairman of the Board of MBK Real Estate LLC (MRE). As President and Chairman, he is responsible for the overall management of the Company. He oversees the development and execution of the Company's fiscal strategies, evaluates the organization's fiscal function and performance as well as directs MRE's subsidiaries to fulfill the strategic goals of the organization. Before his role as President of MRE, he served as a Deputy General Manager at Mitsui & Co. Ltd, MRE's parent company, where he oversaw the firm's First Real Estate Business Division in Tokyo. He planned and managed Mitsui's Global Real Estate portfolio for residential, industrial, logistics, and office properties. He was also responsible for all Human Resources aspects of the First Real Estate Business Division. Mr. Yamanaka graduated from Waseda University in Tokyo with a Bachelor's degree in Civil Engineering and from the University of Tokyo with a Master's Degree in Civil Engineering. He joined Mitsui in 1989 in the company's Property Development Division in Osaka. Throughout his career at Mitsui, he has been involved extensively in the real estate industry and worked in various capacities in Asia, Europe and the US. During 2002-2007, he spent five years in Southern California as Senior Vice President of MBK Real Estate, where he was mainly responsible for MRE's senior housing and retail real estate development and investment strategy.

Job Titles:

• President - MBK Homes / MBK Rental Living
• President of MBK Rental Living

Ken McCarren is the President of MBK Rental Living. In his role, he is responsible for the Operations and Asset Management of all operating and planned MBK multi-family communities. Mr. McCarren has over 30 years of experience in Asset Management. Prior to recently joining MBK Rental Living he was responsible for the multi-family portfolio located in six western States owned by Merage Investment Group. Previously in his career, he spent 15 years as SVP of Asset Management responsible for the entire Irvine Company Apartment portfolio of over 44,000 apartment homes located throughout California. Mr. McCarren spent four years as the SVP Asset Management at BRE, a large public REIT owning over 22,000 units located throughout six Western States where he was responsible for the entire portfolio. Mr. McCarren also spent four years as a Special Agent of the Federal Bureau of Investigation. Mr. McCarren holds a Bachelor's Degree in Business from California State University at Long Beach. He is a Certified Public Accountant and holds the designation of Certified Property Manager from the Institute of Real Estate Management.

Job Titles:

• SVP Operations - MBK Senior Living
• SVP Senior Living Operations

Michael grew up in Northern California where he developed an adventurous spirit and a love for the outdoors. He began racing stock cars at the young age of fifteen and later jumped out of a perfectly good airplane twice before setting out to hike the Grand Canyon from one rim to the other in a single day. Michael started his career leasing and managing apartment communities in San Jose, CA and has lived and worked in many cities throughout the country including Phoenix, Kansas City, Seattle, Chicago, and Dallas. In 2009, he discovered senior living and was inspired by the incredible lives and experiences of the many residents, and the selfless dedication of caring team members. In the last ten years, he has directed as many as 68 communities as Vice President of Operations for two large national senior living providers. Today, Michael lives in Huntington Beach, CA with Julie, his wife of 20 years and their two cats, Peyton & Hobie. They enjoy traveling and exploring new places and spending as much time as possible with Miichaels 90 year old grandmother,