Porter Lummus is the founder and managing member of Inwood
Holdings.  He also serves as the Chief Investment Officer with
responsibility for sourcing and financing the company's investment
transactions.

Prior to forming Inwood Holdings, Mr. Lummus was one of four
founding partners at Centennial Investment Properties.  He served as
Chief Investment Officer at Centennial where he acquired and
financed over 3,100 units with a total capitalization exceeding
$315,000,000.

Before starting Centennial, Mr. Lummus was an investment officer
for AMLI Residential, a NYSE traded REIT.  It was during this time he
closed the largest single apartment transaction in the history of
Georgia in April of 2004.

Mr. Lummus' other private investment experience came as Director of
Acquisitions at Pritzker Residential.  During this time he had
nationwide responsibility for multi-family acquisitions as the company
grew from 6,500 units to more than 13,000 units over a five year
period.

Mr. Lummus is a past Board Member of the National Multi-Housing
Council and the Atlanta Apartment Association.  He is a  licensed
broker in the states of Alabama, Florida, Georgia, Louisiana, Mississippi,
North Carolina, South Carolina & Tennessee; and holds a CCIM
designation from the National Association of Realtors.

Scott Manspeaker has primary responsibility for executing
Inwood's asset strategies post-closing.  He is also a voting
member of Inwood's investment committee.

Prior to joining Inwood, Mr. Manspeaker was the CFO/Vice
President of Operations for the Sterling Group, a privately
held multi-family and condominium developer based in
Atlanta.  During his 10 year tenure at Sterling, Mr. Manspeaker
served as the asset manager for a multi-family portfolio
comprised of six communities (2,042 units/$218 million),
Scott structured and negotiated finance agreements for all
Sterling projects, and managed all on-site and corporate
personnel (50 employees).  Scott directed an orderly, non-
Distressed liquidation of this Portfolio through CB Richard
Ellis during the first half of 2007.

Prior to working at Sterling, Mr. Manspeaker was a staff
accountant for Homes, Lowry, Horn & Johnson, an accounting
firm based in Vienna, VA.  At HLH&J he worked on financial
statement audits of Government, Not-For-Profit, and Public
entities.  Mr. Manspeaker also prepared Federal and State tax
returns for Partnerships, Corporations, and S-Corporations.

Mr. Manspeaker is a Certified Public Accountant and received
his B.S., in Accounting from Virginia Tech.

Nicky M. Ragsdale  as Regional Manager, Nicky Ragsdale
is responsible for overseeing the daily operations of our 3000 unit 
portfolio. Mrs. Ragsdale manages staffing and training of onsite 
personal, marketing strategy for each property, budget analysis and ensures
the overall income profitability of each investment.

Ms. Ragsdale joined Inwood Holdings in December of 2007 as a
Property Manager. She was promoted to the position of
Regional Property Manager in January 2013. She has over 10 years
of Property Management experience. Nicky has overseen
several rehabs, value add programs and 2 successful lease ups.

Prior to joining Inwood Holdings Ms. Ragsdale served as Property Manager
for reputable Management Firms including- Greystar,
Davis Development, Fogelman Management Group and Lane Company.

Nicky was Property Manager of the Year in 2009 and 2012

Maureen Gardner as Controller, Maureen Gardner is
responsible for property and entity level accounting, cash management  
and investor finacial reporting. She is also responsible for software
implementation and all human resource functions.

Ms. Gardner joined Inwood in the fall of 2013 and brought with her more
than 15 years of property accounting experience.

Ms. Gardner is a Certified Public Accountant and received her
B.B.A in Accounting from Kennesaw State University.