CONFLUENT SENIOR LIVING - Key Persons

Job Titles:

• Co - Founder and President of Confluent Commercial
• Director of Real Estate Development at Opus Development Company
• President / Chief Development Officer, Confluent Commercial

Celeste Tanner is the co-founder and President of Confluent Commercial. Bringing nearly 20 years of industry experience, she established the full-service real estate investment and development firm to bring a new vision of development within the industry to life. In her role, she steers the firm's execution across all phases of real estate development, successfully delivering custom and complex projects that create significant value in their respective communities. Since the company's inception in 2014, Celeste has overseen more than $1.5 billion in development projects across the organization's diverse portfolio, consisting of more than 100 industrial, office, retail, mixed-use and senior housing development projects. Under Celeste's guidance, Confluent has delivered award-winning projects and works with some of the country's most sophisticated clients including Target, FedEx, Starbucks, Mikron Corporation, Vectra Bank, and Charter Communications, among others. In her previous role as director of real estate development at Opus Development Company, Celeste led the real estate project team for its Denver office and played a key role in the ground-up development of more than 5 million square feet of commercial and multi-family space. Celeste holds a B.A. from the University of Colorado at Denver, is an alumnus of the Downtown Denver Partnership Leadership Program and has been awarded for her outstanding achievements from organizations such as The Denver Business Journal, CREW, NAIOP Colorado and Bisnow. Celeste also contributes her leadership well beyond the industry and into the community. She serves on the board of Wheat Ridge Localworks, where she contributes her industry expertise to help implement the organization's business and home improvement loan programs, among others, focused on enhancing the city's economic vitality and neighborhood revitalization. Celeste also represents District I as a member in Renewal Wheat Ridge (RWR), an Urban Renewal Authority committed to improving the visual aesthetics and environmental aspects of Wheat Ridge, meanwhile adhering to the wants and needs of the community.

Job Titles:

• Construction Manager
• Construction Manager for Confluent 's Senior Living

Cody Cowan is the Construction Manager for Confluent's Senior Living, Industrial, and Office sectors. In this role Cody works very closely with the architects, engineers, general contractors, and environmental consultants throughout the development and construction process to ensure projects move forward and are completed on schedule and in budget. In the two years that Cody has been with Confluent he has managed the construction of over 470 square feet of Class A office space; including Granite Place at Village Center and The Circa Building. Prior to Joining Confluent Development Cody was a Project Manager for National Oilwell Varco. He was responsible for overall construction project planning and scheduling, resource allocation, contract negotiations, project accounting and control; all while providing in the field technical direction and ensuring compliance with high quality standards. Prior to NOV, Cody was a Project and Facility Manager for RSI Group in Southern California. While with RSI Group Cody Gained career experience with site investigations, permit expediting, design, FF&E management, estimating, construction management, and facilities management.

Job Titles:

• Associate of the Senior Housing Development Team at Confluent
• Senior Development Associate

David Meyering is a Senior Development Associate of the Senior Housing development team at Confluent. He works alongside operators to identify sites in new and existing markets. In addition, David works closely with the senior living team to ensure a smooth development process from start to finish. His real estate experience began in West Michigan. During his time there, David was a part of team that launched a senior living platform and development team to assist in the completion of multiple assisted living and memory support projects. In addition, David's experience includes working for a Denver based senior living operator, Cappella Living Solutions. While working on the operations team, David oversaw the asset management of communities and led the team's efforts for development consulting in the senior living space. Prior to working in real estate, David gained experience in financial modeling and dynamic reporting in big data. David received his Bachelor's of Finance from Grand Valley State University.

Job Titles:

• Senior Director of Land Use Entitlements

Greg Meeter manages the design and entitlement process for Confluent Development projects with an emphasis on senior living, multi-family, industrial, and retail sectors. Greg has more than 28 years of real estate development, planning and construction project management experience. Greg is proficient in managing interdisciplinary teams responsible for implementation of complex projects on-budget and on-time. Greg has successfully managed design and secured approvals for more than 17 million square feet of senior living, retail, industrial, office, multi-family, master-planned development, and mixed-use projects throughout the United States. Most of Greg's career has been in the development world: Castle Rock Development Company, Carruth Properties, and Lend Lease. Greg is a Certified Planner and holds a Master's Degree in Urban and Regional Planning from CU, and a Bachelor degree from the University of Kansas.

Job Titles:

• Vice President, Land Use Entitlements

H has been practicing land use planning and real estate development for more than 30 years. During his career, H has skillfully led multi-discipline project teams to create development plans and gain entitlement approvals for nearly 14 million square feet of office, retail, industrial, mixed-use, multi-family, senior living, and master-planned development, including LEED certified projects. Blending experience from the public, quasi-public and private sectors has provided H with the expertise to successfully balance project programs, owner requirements and jurisdictional design criteria to achieve implementable results. In addition to his extensive exposure to transaction, design and construction phases of real estate development, H is also a member of the Inverness Planning and Architectural Control Committee and has guest lectured on managing the entitlement process at both the University of Colorado and University of Denver. H earned his Master of Urban & Regional Planning from the University of Colorado and received his Bachelor's degree from Drake University.

Job Titles:

• Chief Financial Officer
• Chief Investment Officer

Jon has over 17 years of experience in finance and joined the predecessor company, MVG Development in 2006, which subsequently merged with Confluent in 2015. He is responsible for all financial and accounting aspects of Confluent Development, including investor and banking relations as well as property sales. Prior to joining Confluent, he held multiple positions in corporate finance and investment banking with a focus on acquisitions and high yield debt financing. Jon worked in the Leveraged Finance group for Bank of America Securities for five years where he participated in structuring over $10 billion worth of financings for leveraged buyouts, M&A transactions, restructuring and refinancing transactions across a broad spectrum of industries. Jon graduated magna cum laude with a B.B.A in Finance from James Madison University in Harrisonburg, VA.

Job Titles:

• General Counsel

Lauren joined Confluent Development in 2017 as a Corporate Attorney and is seasoned in all aspects of advocating the team in development transactions, entitlement and construction matters, leasing, loans, corporate matters, and closings. Prior to becoming General Counsel, Lauren's business and legal background brought more than 16 years of legal practice to Confluent Development, both as a litigator and transactional attorney, in the areas of real estate, construction, business, financing and lending, and corporate work to the team at Confluent Development. Prior to joining Confluent Development, Lauren was a partner with Gelman & Norberg, LLC as a commercial and residential real estate attorney and general practitioner where she actively represented clients in a variety of complex business and real estate transactions and in all types of civil litigation. As General Counsel, Lauren oversees Confluent Development's legal activities, company policies and procedures, and risk assessment. In addition, her focus is on creating solutions to simplify legal support to Confluent Development's business, accounting, and construction teams, including streamlining acquisition, disposition, and leasing processes. Lauren holds a Juris Doctorate degree from the University of Colorado Law School and a Bachelor of Science degree in Finance from the University of Colorado Boulder.

Job Titles:

• Chief Executive Officer

With 25 years and billions of dollars in development experience, Marshall Burton co-founded and now serves as the Chief Executive Officer of Confluent Development. The full-service real estate investment and development firm features unmatched talent executing across a diverse portfolio of industrial, office, retail, mixed-use and senior housing development projects, all under one roof. Through Marshall's leadership, the company's footprint spans more than 100 projects and 10 million square feet of development in 22 states. As CEO, Marshall guides the Confluent Development team's success in all phases of real estate development, delivering custom and complex projects that add lasting impact to their respective communities. True to the Confluent name, the philosophy of unification is central to Marshall's leadership of the firm. The company fuses its best-in-class team and stakeholders to create real estate solutions for communities to innovate, grow and inspire. Marshall has a strong record serving on boards for successful industrial REITs. He is currently a full-cycle events director of Black Creek Industrial REIT IV (BCI IV), an industrial REIT focused primarily on high-quality distribution warehouses with more than $1.2 billion under management. He was previously a board member for Industrial Property Trust (IPT) and Industrial Income Trust (IIT), helping to steer the industrial REITs through the full cycle of their portfolios. IPT successfully sold its portfolio featuring 37.5 million square feet of industrial space for approximately $4 billion in 2020, and IIT completed its sale for more than $4 billion in 2015. Prior to founding Confluent Development, Marshall was the executive vice president for Opus Development Company, where he led operations in the western region and oversaw the growth of its Denver office. Marshall has carried forward this spirit of community investment throughout his career. Currently, he serves on the Children's Hospital Colorado Foundation's Corporate Leadership Council (CLC), helping to advance Children's Hospital Colorado's mission through philanthropy and special event fundraising. Marshall is also a member of Colorado Concern, an alliance of the state's leading executives committed to enhancing Colorado's business climate. Within the industry, Marshall previously served as president of NAIOP Colorado and as an active member of Urban Land Institute. Based on Marshall's visionary leadership and commitment to community investment, the Denver Business Journal awarded him as a Most Admired CEO in 2020.

Job Titles:

• Managing Director
• Member of the Confluent Senior Living Leadership Team
• Member of the Senior Housing
• Member of the Senior Housing Development Team at Confluent

Matt Derrick is a member of the Senior Housing development team at Confluent. Matt works closely with our Senior Housing operators to ensure our existing projects receive entitlements and approvals and construction stays on schedule. Matt also assists in the identification, pursuit and acquisition of sites in new and existing markets , nationally, for future development. Matt has a diverse real estate background and started his real estate development career over 15 years ago working with Marshall Burton and Celeste Tanner at Opus Northwest and was focused on the development of Opus' multifamily development projects. Matt has also held positions in commercial brokerage asset management, land development, land entitlements and land acquisitions. A Denver native, Matt is active in the community and is on the Associate Board of ACE Scholarships and is a Big Brother for Big Brothers Big Sisters of Colorado. Matt holds a Bachelors Degree from the University of Colorado at Boulder and a Masters Degree in Real Estate and Construction Management from the University of Denver.

Job Titles:

• Director of Asset Management, Senior Housing

As Director of Asset Management for Confluent Senior Living, Taylor is responsible for all senior housing assets in addition to advising on underwriting, acquisitions and dispositions. She participates in strategic capital deployment, oversees assets from development to stabilization and collaborates with various operating partners to ensure continued growth and improvement. Prior to joining the team at Confluent, Taylor was Project Director at Spieker Senior Living where she consulted on acquisitions and design, managed onsite fill-up, and drove sales and occupancy for several of California's largest CCRCs. Before transitioning into senior living, Taylor began her career in Property and Asset Management for Spieker Partners and MHF Real Estate where she managed commercial, retail, and industrial properties throughout the west coast. Taylor graduated from the University of Colorado, Boulder, with a BA in Sociology.