David C. Cavalier has been the Chairman of our Board since April 30, 2004. Since 2001, he has been a founding Principal and the Chief Operating Officer of Xmark Opportunity Partners, LLC, a manager of a family of private investment funds. Prior to founding Xmark, Mr. Cavalier worked for Tiger Real Estate Partners, LLC, a $785 million private investment fund sponsored by Tiger Management Corporation. Mr. Cavalier began his career in the Investment Banking Division of Goldman, Sachs & Co. working on debt and equity offerings for public and private real estate companies. He also serves as the Chairman of the New York Advisory Board of Enterprise Community Partners, Inc., a national nonprofit and leading provider of capital and expertise for affordable housing and community development. He received a B.A. from Yale University and an M.Phil. from Oxford University.