REGIONAL OFFICES

Since coming to Hines in 1979, Bill Alsup has been responsible for more than 6.7 million square feet of commercial real estate. He had the overall responsibility for development, acquisition, leasing and property management activities in the Washington, D.C., area and the East Region of the United States. Additionally, Mr. Alsup was the project officer and senior project officer during development of Washington-area projects such as Columbia Square, Franklin Square, Postal Square, 600 Thirteenth Street, Gannett/USA Today Headquarters, Mitretek Systems Headquarters and 4100 North Fairfax. He was also project officer or senior project officer responsible for the acquisition of 700 Eleventh Street, 370 L’Enfant Promenade, One Franklin Square, 1001 Pennsylvania Avenue, 1776 G Street, 1900 K Street, and 6700 and 6710 Rockledge Drive, all in the D.C. area. After receiving a Bachelor of Science in Economics from Hampden-Sydney College, Virginia, in 1968, Mr. Alsup attended the University of North Carolina where he was awarded a Master of Business Administration in 1973.

Since joining Hines in 1982, Tommy Craig has been involved in a variety of development projects and transactions aggregating approximately 16 million square feet. In 1996, Mr. Craig became regional officer and partner of Hines’ Metropolitan New York area, where his responsibilities as senior project officer included managing the development, redevelopment, acquisition, construction, modification and/or interior fit-out on projects such as: 7 Bryant Park, New York (470,000 square feet); 53W53rd/MoMA site, New York (700,000 square feet); 56 Leonard Street, New York (530,000 square feet); 30 Hudson (1.6 million square feet); 2000 Westchester Avenue in Purchase, NY (750,000 square feet); 745 Seventh Avenue (1 million square feet) in Manhattan; UBS North American Headquarters (1.6 million square feet) in Stamford, CT; 499 Park Avenue, 425 Lexington Avenue, 600 Lexington Avenue ( totaling over 1 million square feet); and 750 Seventh Avenue (600,000 square feet) in New York City. He was also responsible for activities including 31 West 52nd Street, 1585 Broadway (1.3 million square feet) in New York City; project officer to a group of eight international banks led by Swiss Bank, Toronto Dominion Bank and Bank of Montreal in the management and disposition of 1585 Broadway, resulting in a successful workout of the project for $176 million; 55 Railroad Avenue and Two Soundview (totaling 200,000 square feet) in Greenwich, CT; and 225 High Ridge Road (230,000 square feet) in Stamford, CT. Mr. Craig attended the University of North Carolina at Chapel Hill, where he received his Bachelor of Arts in History/Economics in 1978, and Columbia University, where he earned his Master of Business Administration in 1982.

Chris Hughes is the regional profit center officer who responsible for all development activity, acquisitions and operations in the East Region of the United States. He is also a member of the Hines Executive Committee. Prior to assuming regional leadership responsibilities, Mr. Hughes was responsible for Hines' equity-raising activities globally. Since joining Hines in 1986, he has been involved in all phases of the development, acquisition and disposition business, including serving as a development officer in the firm's Washington, D.C. office and contributing to the development and acquisition of more than 3.6 million square feet of office space. Since his involvement with the Capital Markets Group in 2001, the group has raised approximately $11.7 billion in committed equity. Mr. Hughes continues to be involved with key Hines investor relationships, structuring commingled funds, joint ventures and raising equity capital. He graduated from Southern Methodist University in 1984 with a Bachelor of Arts degree in History.

Since joining Hines in 1984, David Perry has been involved in the acquisition, development, management and/or asset management of more than 5.5 million square feet of commercial real estate valued at approximately $1.5 billion. He was the officer responsible for the development, acquisitions, and asset and property management activities in the New England area of the United States. Mr. Perry directed the site acquisition, planning, zoning, permitting, financing and major tenant marketing and leasing for the 2.2 million-square-foot South Station in Boston, the 640,000-square-foot Littleton Corporate Common in Littleton, Massachusetts, and the 240,000-square-foot 600 Thirteenth Street in Washington, D.C. He supervised the acquisition of the 670,000-square-foot Riverfront Office Park in Cambridge, MA, was project manager for the development of the 500,000-square-foot Franklin Square in Washington, D.C., and assistant project manager for development of both the 660,000-square-foot Columbia Square in Washington, D.C., and the 710,000-square-foot Five Hundred Boylston in Boston. Mr. Perry has a Bachelor of Arts in Business Administration from Colby College (1980) and a Master of Business Administration from the Darden Graduate School of Business Administration at the University of Virginia (1984).

Chuck Watters joined Hines in 1989 and has been involved in a variety of development projects and transactions aggregating more than 9.5 million square feet. He was responsible for the development of the 1.2 million square-foot Bear Stearns Headquarters building at 383 Madison Avenue in Midtown Manhattan and redevelopment of the 5.5 million-square-foot GM Headquarters complex at the Renaissance Center in Detroit. Mr. Watters also directed the disposition of a 750,000-square-foot lab/office complex on 270 acres in Westchester, New York, on behalf of United Bank of Switzerland, and contributed to the national effort resulting in the acquisition of the Homart Office Portfolio comprising 4.5 million square feet. As project manager, he was responsible for contributing to the development, construction and marketing of the 1 million-square-foot 450 Lexington in Midtown Manhattan, and was also responsible for operation of 53rd At Third (586,000 square feet) and Ten Bank Street (219,000 square feet). Mr.Watters earned a Bachelor of Arts in History from Colgate University in 1977 and a Master of Business Administration from Columbia University in 1982.