Board of Trustees and Officers

Fredric H. Gould

Chairman of the Board of Trustees
Chairman of the Board of Georgetown Partners, Inc.
Managing General Partner of Gould Investors L.P., a real estate partnership
President of REIT Management Corp., Advisor to the Trust
Chairman of the Board of Directors of One Liberty Properties, Inc.
Director of East Group Properties, Inc.

Jeffrey A. Gould

Trustee
President and Chief Executive Officer
Senior Vice President of Georgetown Partners, Inc.
Director and Senior Vice President of One Liberty Properties, Inc.
Vice President of Majestic Property Management Corp.

Gary Hurand

Trustee
President of Dawn Donuts Systems Inc.; Director of Republic Bancorp.

Louis C. Grassi

Trustee
Managing Partner of Grassi & Co., CPA'S; Director of Flushing Financial Corp.

Jeffrey Rubin

Trustee
President and Chief Investment Officer of Newtek Business Services, Inc. (NKBS).

Kenneth F. Bernstein

Trustee
President and Chief Executive Officer of Acadia Realty Trust (AKR).

Jonathan Simon

Trustee
Simon Development Group

Alan Ginsberg

Trustee
CED Construction

Matthew J. Gould

Trustee and a Senior Vice President
President of Georgetown Partners, Inc.
Vice President of the Advisor
Senior Vice President of One Liberty Properties, Inc.
Vice President of Majestic Property Management Corp.

Israel Rosenzweig

Senior Vice President
Senior Vice President of One Liberty Properties, Inc. and Georgetown Partners, Inc.

David W. Kalish

Senior Vice President-Finance
Vice President and Chief Financial Officer of Georgetown Partners, Inc. Senior Vice President and Chief Financial Officer of One Liberty Properties, Inc. and REIT Management Corp.

Simeon Brinberg

Senior Vice President and Secretary
Senior Vice President of Georgetown Partners, Inc.
Senior Vice President of One Liberty Properties, Inc.

George E. Zweier

Vice President and Chief Financial Officer

Mark H. Lundy

Vice President
A Vice President and Secretary of One Liberty Properties, Inc.
Vice President of Georgetown Partners, Inc.

Alysa Block

Assistant Treasurer
Assistant Treasurer of One Liberty Properties, Inc.