Crystal River Capital Inc.

Craig Laurie was appointed Chief Financial Officer, in 2003 following three years as Senior Vice President, Finance for Brascan Corporation and Senior Vice President and Chief Financial Officer for Brascan Power Corporation. Prior to that, Craig spent three years in various senior management positions at Brascan. Prior to joining the company, Craig was affiliated with Deloitte & Touche in Toronto. Craig is a Chartered Accountant and holds a Bachelor of Commerce degree from Queens University.

Mr. Tyras has been the Vice President, General Counsel and Assistant Secretary of Crystal River and Director and General Counsel of Hyperion Brookfield since 2006. Before joining Hyperion Brookfield, Mr. Tyras was associated with the law firm of Paul, Hastings, Janofsky & Walker LLP for eight years where he was a capital markets attorney. Mr. Tyras began his career with Ernst & Young LLP. Mr. Tyras earned a JD from the University of Pennsylvania Law School and a BS in finance and accounting from Georgetown University.

Janet Graham is a Trustee of the REIT. Since August 2002, Ms. Graham has been a Managing Director of IQ Alliance Incorporated, a Toronto-based real estate advisory services firm. Prior to joining IQ Alliance Incorporated, Ms. Graham was an independent consultant for a number of years, delivering real estate related financial advisory services to major corporate clients. Prior to March 1996, Ms. Graham held senior positions at a Canadian chartered bank and its affiliated investment bank for 15 years specializing in corporate finance and corporate lending to real estate and other companies. Ms. Graham is also a member of the Board of Directors of Crystal River Capital, Inc., a public Maryland corporation, the Board of Directors of Toronto Waterfront Revitalization Corporation, a corporation without share capital, and the Board of Directors of the Canadian Urban Institute, a Canadian non-profit organization. Ms. Graham is also a former trustee of IPC US Real Estate Investment Trust, a publicly traded Canadian real estate investment trust. Ms. Graham holds a Bachelor of Applied Science from Guelph University and a Master of Business Administration from York University and is a chartered accountant.