Centerline Holding Co.

Andrew J. Weil is an Executive Managing Director of Centerline Capital Group ("Centerline"), a subsidiary of Centerline Holding Company (OTC:CLNH), and head of the Affordable Housing Group. He is also the CEO of Centerline Financial, Centerline's Credit Risk Products Group. Mr. Weil is responsible for overseeing the day-to-day operations of the Affordable Housing Group, including the acquisition of properties with Low-Income Housing Tax Credits ("LIHTC") and the origination and structuring of institutional funds. Prior to joining Centerline's predecessor company in January, 1994, Mr. Weil was a Financial Analyst for The Heights Management Company, where he specialized in the analysis of potential investments and property management. Mr. Weil received a Bachelor of Science degree in Economics with a concentration in finance from The Wharton School of The University of Pennsylvania.

Marc D. Schnitzer is the Chief Executive Officer and President of Centerline Capital Group ("Centerline") and a member of the Board of Trustees of Centerline's parent company, Centerline Holding Company (NYSE:CHC). Mr. Schnitzer is also the Chairman of the Board of Trustees of American Mortgage Acceptance Company (AMEX: AMC), a publicly-traded real estate investment trust managed by Centerline. Mr. Schnitzer directs the day-to-day operations of Centerline and is responsible for corporate development and strategic planning. Mr. Schnitzer is a member of the Executive Committee of the Board of Directors of the National Multihousing Council and a Vice President of the Affordable Housing Tax Credit Coalition. Mr. Schnitzer joined Centerline's predecessor in 1988 after receiving a Master of Business Administration degree from The Wharton School of The University of Pennsylvania in December, 1987. From 1983 1986, Mr. Schnitzer was a Financial Analyst with First Boston Corporation, an international investment bank. Mr. Schnitzer received a Bachelor of Science degree in business administration, summa cum laude, from the Boston University School of Management in 1983.

Justin E. Ginsberg is a Senior Managing Director of Centerline Capital Group ("Centerline"), a subsidiary of Centerline Holding Company (OTC:CLNH), and Group Manager of the Affordable Housing Group. He is also the President of Centerline Financial, Centerline's Credit Risk Products Group. Mr. Ginsberg is responsible for overseeing the day-to-day operations of the Afford able Housing Group and for managing the national affordable debt and equity originations team. Mr. Ginsberg has been responsible for the acquisition of affordable properties on behalf of the Company's institutional tax credit funds valued in excess of $1.5 billion. Prior to his current position, Mr. Ginsberg held the titles of Executive Vice President and Director of the Western Region for affordable acquisitions, Senior Vice President, Vice President, Assistant Vice President and Financial Analyst. Mr. Ginsberg joined Centerline's predecessor company after he received a Bachelor of Science and Management, with a concentration in finance, from Tulane University in 1995.

John D'Amico is a Senior Managing Director of Centerline Capital Group ("Centerline"), a subsidiary of Centerline Holding Company (OTC:CLNH), and is the Company's General Counsel. Mr. D'Amico joined Centerline in 2006 when Centerline acquired ARCap. Prior to joining ARCap he spent 26 years as an associate and principal with the Hartford, Connecticut based law firm of Reid and Riege, P.C. He has experience in a wide array of business matters including creation and restructuring of limited liability companies, corporations and partnerships, syndications and private equity transactions, real estate and structured finance. He has served as counsel to investors, developers, financial institutions, underwriters and issuers and has been involved with the restructuring and workout of investments in shopping centers, industrial properties, multifamily dwellings and office buildings. He has particular knowledge and expertise in the structuring of real estate transactions from a tax standpoint. In addition to serving as General Counsel to ARCap, Mr. D'Amico also holds an Of Counsel position with the law firm of Updike, Kelly & Spellacy, P.C. in Hartford, Connecticut. He has served as an Adjunct Professor in Real Estate Taxation at the University of Hartford, Barney School. Mr. D'Amico received a BS from Tufts University, a JD from the University of Connecticut and a LLM Taxation from New York University.

Kelly B. Schnur is a Senior Managing Director of Centerline Capital Group, a subsidiary of Centerline Holding Company (OTC:CLNH) and is the Director of the Operations. Ms. Schnur has been with Centerline's predecessor since 1988, when she began her career in the loan servicing department. Ms. Schnur has also held the title of Senior Vice President of the Loan Administration, Closing, and Underwriting departments, in addition to serving as the Chief Operating Officer and Managing Director of the mortgage banking division. Ms. Schnur is an active member of the Mortgage Bankers Association of America, and was chosen for the association's inaugural class of "Future Leaders" in 1997. She received a Bachelor of Arts degree in Psychology and Economics from Lafayette College, Pennsylvania.

Mark F. Brown is a Senior Managing Director of Centerline Capital Group (?Centerline?), a subsidiary of Centerline Holding Company (OTC:CLNH), and head of the CMBS and Commercial Products division of the Commercial Real Estate Group. Mr. Brown is responsible for overseeing the commercial products origination and buy-side commercial lending activities. Mr. Brown came to Centerline in May 2008 after serving as president of the Nomura Real Estate Finance Group, the origination and banking platform of Nomura Credit & Capital, Inc., a subsidiary of Nomura Holdings, Inc. Mr. Brown joined Nomura's Real Estate Finance group in 2001 as a founding member. Prior to that he was with Donaldson, Lufkin & Jenrette/Credit Suisse where he was responsible for high-yield CMBS new issue debt and a member of the commercial mortgage credit committee. Mr. Brown is a certified public accountant and for 12 years specialized in real estate accounting, auditing, tax and consulting services. He maintains his membership in the American Institute of Certified Public Accountants (AICPA). He earned a BS from William Paterson University.

William T. Hyman is a Senior Managing Director of Centerline Capital Group (?Centerline?), a subsidiary of Centerline Holding Company (OTC:CLNH), and head of the Agency Products division of the Commercial Real Estate Group. Mr. Hyman is responsible for overseeing all Centerline financing activities through Fannie Mae and Freddie Mac for conventional properties. He has been with Centerline or its predecessor companies since 1988, following the merger of PW Funding (an independent mortgage banking subsidiary of Centerline), where he was co-president, and CharterMac (a Centerline predecessor company). While at PW Funding, Mr. Hyman served as executive vice president managing all loan production operations for the mortgage banking platform as chief underwriter and head of the credit department for PW Funding's Fannie Mae DUS lending activity. Prior to his tenure with PW Funding and Centerline, he served as a vice president with L.F. Rothschild and Co., marketing and executing private placements and initial public offerings. Before that he was in the public finance investment banking division of PaineWebber Inc. Mr. Hyman earned an MBA degree from Washington University in St. Louis and holds a BA degree from Yale University.

Janice Cook Roberts, Co-CEO and Co-President, helped launch the Fund in 1996. Before joining the Investment Fund, Janice helped oversee foreign video and pay television operations at Universal Studios in Universal City, California. Prior to that, Janice worked at Bankers Trust's corporate finance department after receiving her B.A. from Amherst College. She also received an M.B.A. from the Harvard Graduate School of Business Administration.

Jerome Y. Halperin is a member of the Board of Trustees of Centerline Holding Company (OTC:CLNH), the parent company of Centerline Capital Group. Mr. Halperin is a retired partner of PricewaterhouseCoopers, LLP ("PricewaterhouseCoopers"), the international accounting firm, where he spent 39 years in varied positions. Mr. Halperin's final position at PricewaterhouseCoopers was Chairman of the international actuarial, benefits and compensation services group. After his retirement from PricewaterhouseCoopers, Mr. Halperin was the president of the Detroit Investment Fund, a private investment fund established to stimulate economic growth in the city of Detroit. Currently, Mr. Halperin is a consultant on various real estate projects. He serves on the board of directors of several charitable organizations and was the Chairman of the Michigan Tax Forms Revisions Committee, a position he was appointed to by the Governor of the State of Michigan. Mr. Halperin is the co-author of "Tax Planning for Real Estate Transactions". Mr. Halperin received a Bachelor of Business Administration from the University of Michigan and a Juris Doctor from Harvard Law School. Mr. Halperin is the Chairman of Centerline Holding Company's Audit Committee and is a member of Centerline Holding Company's Finance Committee.

Kelly B. Schnur is a Senior Managing Director of Centerline Capital Group, a subsidiary of Centerline Holding Company (OTC:CLNH) and is the Director of the Operations. Ms. Schnur has been with Centerline's predecessor since 1988, when she began her career in the loan servicing department. Ms. Schnur has also held the title of Senior Vice President of the Loan Administration, Closing, and Underwriting departments, in addition to serving as the Chief Operating Officer and Managing Director of the mortgage banking division. Ms. Schnur is an active member of the Mortgage Bankers Association of America, and was chosen for the association's inaugural class of "Future Leaders" in 1997. She received a Bachelor of Arts degree in Psychology and Economics from Lafayette College, Pennsylvania.

Peter T. Allen is a managing trustee (independent trustee) or our Company. Mr. Allen is also the President of Peter Allen & Associates, Inc., a real estate development and management firm in which capacity he has been responsible for the leasing, refinancing, and development of major commercial properties. Mr. Allen has also been an Adjunct faculty member of the Graduate School of Business at the University of Michigan since 1981. Mr. Allen received a Bachelor of Arts Degree in history/economics from DePauw University and a Masters Degree in Business Administration with Distinction from the University of Michigan. Mr. Allen is a member of our compensation committee and audit committee. Mr. Allen has announced his intention to retire from our Board when his term ends at our 2007 annual meeting of shareholders.

Robert L. Loverd is a member of the Board of Trustees of Centerline Holding Company (OTC:CLNH), the parent company of Centerline Capital Group. Mr. Loverd is the former Group Chief Financial Officer and a Founding Partner of MC European Capital (Holdings), a London investment banking and securities firm, which was established in 1995 and substantially sold in 2000. From 1979 to 1994, Mr. Loverd held various positions in New York and London in the Investment Banking Department of Credit Suisse First Boston. Prior to that, Mr. Loverd was a shareholder in the International Investment Banking Department of Kidder, Peabody & Co. Incorporated. Mr. Loverd is a member of the Board of Directors of Harbus Investors. Mr. Loverd received a Bachelor of Arts degree from Princeton University and a Masters in Business Administration from Harvard Business School. Mr. Loverd is Centerline Holding Company's Lead Independent Trustee, the Chairman of the Compensation Committee and a member of the Nominating and Governance and Audit Committees.

Christopher J. Crouch is a Senior Managing Director of Centerline Capital Group ("Center line"), a subsidiary of Centerline Holding Company (NYSE:CHC), and head of the Asset Management Group. Mr. Crouch oversees the Primary Servicing, Special Servicing, Affordable Asset Management, Construction Monitoring and Portfolio Oversight functions. Mr. Crouch joined ARCap (acquired by Centerline's predecessor company in August, 2006) in 2001 as Managing Director of Special Servicing. Mr. Crouch formerly served as Managing Director/Special Servicing for Banc One Mortgage Capital Markets, LLC (n/k/a ORIX Capital Markets, LLC), where he was responsible for 93 contracts worth over $60 billion the largest CMBS Special Servicing portfolio assignment in the industry at that time. While at Banc One he was involved in the resolution of defaulted commercial real estate loans for MBank Austin, NA, Bonnet Resources Corporation, Banc One New Hampshire Asset Management and Banc One Management and Consulting Corporation. During this period, over 5,000 defaulted loans in CMBS transactions were resolved. His banking career began in 1974 with the National Bank of Commerce in San Antonio, where he spent eight years in real estate lending and be came Manager of the Real Estate Division. Prior to that, he spent three years as a developer in financ ing, construction and sale of approximately 1,800 multifamily units. Mr. Crouch received a Bachelor of Business Administration in Management Finance from the University of Texas in 1974.

Donald J. Meyer is the Chief Executive Officer, Chief Investment Officer and the Chairman of American Mortgage Acceptance Company (“AMAC”). Mr. Meyer is also an Executive Managing Director of Centerline Capital Group (“Centerline”), a subsidiary of Centerline Holding Company (OTC:CLNH) and AMAC’s external advisor, and the Chief Executive Officer of Centerline Real Estate Solutions, an affiliate of Centerline Servicing Inc., a wholly-owned subsidiary of Centerline. Mr. Meyer was previously the Chief Investment Officer of Centerline. Mr. Meyer has 33 years of real estate investment experience. Prior to joining Centerline’s predecessor, Mr. Meyer was the Chief Investment Officer of Capri Capital Advisors, LLC, a pension fund advisory firm with over $2 billion in assets under management. Capri was acquired by Centerline in 2005. Mr. Meyer’s previous experience includes serving as Managing Director and head of the Capital Markets unit of Cohen Financial, a nationwide mortgage banking firm, Managing Director and Chief Investment Offi­cer of Capital Trust, a NYSE-listed mezzanine lender and 18 years at First National Bank of Chicago in a variety of assignments in real estate and corporate banking groups. During his time at First National Bank of Chicago, Mr. Meyer served as Senior Credit Officer for the bank’s $7 billion loan portfolio, head of the real estate loan workout group in the early 1990s and head of the Corporate Investments unit responsible for high yielding real estate assets. Mr. Meyer holds a Bachelor of Science in Finance, with Honors, from the University of Illinois.

J. Larry Duggins is the Chief Executive Officer and a Managing Trustee of American Mortgage Acceptance Company ("AMAC") (AMEX:AMC). Mr. Duggins is also an Executive Managing Director of Centerline Capital Group ("Centerline"), a subsidiary of Centerline Holding Company (NYSE:CHC) and AMAC's external advisor, and is the Head of the Commercial Real Estate Group. Mr. Duggins is responsible for overseeing the day-to-day operations of the Commercial Real Estate Group, as well as supervising Centerline's Information Technology platform. Mr. Duggins served as the Chief Executive Officer of ARCap, which was acquired by Centerline in August, 2006. Mr. Duggins co-founded REMICap, ARCap's predecessor, in April 1996. He was instrumental in the growth of ARCap into an industry-leading investor and funds manager in subordinate Commercial Mortgage Backed Securities. Prior to undertaking that endeavor, he served as Managing Director of the Business Acquisition Group of Banc One Management and Consulting Corporation. He has been involved in various aspects of mortgage finance and commercial banking for twenty-three years. Mr. Duggins received a Master of Science in Finance in 1983, a Master of Business Administration in 1982, and a Bachelor of Arts in History in 1980 from Louisiana State University. He is a member of the Counselors of Real Estate, the CMSA, and the Mortgage Bankers Association, and serves on the Board of Trustees for the Center for Real Estate at the University of Wisconsin at Madison and on the Dean's Advisory Council for the EJ Ourso College of Business at Louisiana State University.