During almost 40 years in the real estate industry, Stanley Fimberg has been involved in negotiating the acquisition, management, financing, and disposition of properties and the restructuring of existing debt. Currently he is the managing member of FSC Realty, LLC, which is the successor in interest to three other private real estate companies in which he was a principal.

Through the private businesses he has headed since 1970-- Capital Asset Management, Ltd., Stanley R. Fimberg, Ltd. Fimberg & Williams, and FSC Realty--Mr. Fimberg has specialized in multi-residence investments but has also owned shopping centers, industrial properties, and office buildings in over 38 states.

Mr. Fimberg graduated from the University of California at Los Angeles in 1955 with a Bachelor of Arts degree in political science. From 1955 to 1957 he served in the United States Army, and then attended UCLA Law School, graduating first in his class in 1960 with a Bachelor of Laws degree. He was editor-in-chief for the UCLA Law Review.

Mr. Fimberg began his law career at O'Melveny & Meyers in Los Angeles. He then wrote international tax law with the United States Treasury Department in Washington, D.C. Returning to Los Angeles in 1965, he became a partner in a highly successful entertainment law firm and since 1970 has devoted his energies solely to real estate investments.

Albert Baril is actively involved in all phases of the business of FSC Realty. In particular, he has been in charge of the renovation and repositioning of properties, the development of new apartment properties, and in arranging of financing for new acquisitions and the refinancing of existing properties.

Prior to joining FSC Realty in 1996, Mr. Baril was director of the Los Angeles office of Belgravia Capital Corporation, a national mortgage banking operation. He was involved in the solicitation and placement of all types of commercial loans through Begravia's direct lending programs. Before that, Mr. Baril was responsible for the corporate operations, direct lending programs, and management of mortgage portfolio of WestReal Advisors, Inc., Santa Monica, where he was instrumental in the formation of a Wall Street conduit lending program.

After graduating from the University of Southern California in 1990 with a Bachelor of Science degree in business administration, Mr. Baril joined the Richland Group, where he negotiated and structured joint venture equity participating mortgages with capital raised from private investors.