Walter R. Donaldson is President of The Donaldson Group, LLC, a Principal of TDG Capital Partners, LLC, TDG Financial, LLC, and TDG Development, LLC.

Mr. Donaldson is President of The Donaldson Group, LLC, a Principal of TDG Capital Partners, LLC, TDG Financial, LLC, and TDG Development, LLC. Walt is a Certified Property Manager (CPM), with over 35 years of experience in the commercial investment real estate and property management industries. Walt is currently a member and active fellow in the Property Management Association of Maryland, District of Columbia and Virginia ("PMA") where he has held numerous offices and committee chairmanships, including having served as President in 1975. As a member of the PMA, Walt founded the PM Expo, which is a leading industry trade show, and has received numerous awards and commendations from the PMA, including the Alvin L. Sussman Award for Distinguished Service in 1988 and the Property Manager of the Year Award in 1994. Walt is also currently a member of the Institute of Real Estate Management ("IREM") where he has held numerous offices and committee chairmanships, including having served as President of the Maryland Chapter 92 in 1987, and has received numerous awards and commendations from IREM, including the Hughes Award for Distinguished Service in 1979.

Prior to forming The Donaldson Group in 1998, Walt was the Executive Vice President, Director of Commercial Property Management and Director of Acquisitions at Grady Management, Inc. During his five year tenure at Grady, Walt made significant contributions to Grady's commercial management and leasing operations, new property acquisition efforts and the restructuring, refinancing and repositioning of numerous assets in the Grady portfolio. Prior to that, Walt was the Executive Vice President and Director of Property Management at Dreyfuss Brothers, Inc. During his over two decades at Dreyfuss, Walt served in virtually every conceivable capacity, starting in 1970 as Assistant Property Manager and culminating as Senior Vice President and Director of Property Management. During his time at Dreyfuss, Walt was instrumental in growing Dreyfuss's portfolio from 2,500 units in 1970 to 32,500 units in 1990. Walt returned to Dreyfuss in 1996, following his five year tenure at Grady Management, whereupon he served as Executive Vice President and Director of Property Management.

Carlton E. Einsel is Executive Vice President of The Donaldson Group, LLC, a Principal of TDG Capital Partners, LLC, TDG Financial, LLC, and TDG Development, LLC.

Mr. Einsel is Executive Vice President of The Donaldson Group, LLC, a Principal of TDG Capital Partners, LLC, TDG Financial, LLC, and TDG Development, LLC. Carl is a 1989 graduate of Fordham University, where he graduated first in his class and received a commission as a Second Lieutenant into the United States Army, and a 1992 graduate of New York University School of Law, where he was an Associate Editor of the Law Review.

Upon graduating law school, Carl was accepted into the U.S. Army's Honors Program where he served as Assistant Counsel for Fiscal and International Law in the U.S. Army Corps of Engineers, advising clients regarding the application of federal appropriations law and authorizing legislation to military and Army civil works programs worldwide. When Carl's service in the U.S. Army was completed, he accepted an associate position at the law firm of Cadwalader, Wickersham & Taft in New York where he advised clients on a wide range of securities, commodities and over-the-counter ("OTC") derivatives matters, including regulatory and compliance issues and related transactional work.

Prior to joining The Donaldson Group, Carl was Vice President in Morgan Stanley's Structured Credit Products Group in New York, where he was responsible for the execution of all synthetic credit product transactions (transactions which combined credit derivative and securitization technologies). In this capacity, Carl assisted in the structuring, negotiation and documentation of, among other products, static and managed synthetic collateralized debt obligations ("CDOs"), single name and basket credit linked notes, unfunded credit default portfolio swaps, bond strippings and asset repackagings.

Carl is responsible directing all operating companies of The Donaldson Group, directing all asset management services for the properties owned and/or managed by The Donaldson Group, and directing the acquisition program of TDG Capital Partners.

Wendell L. "Mac" McConnell, Jr. is Chief Financial Officer of The Donaldson Group and President of TDG Financial, LLC, a full service accounting and financial management firm with particular emphasis on the commercial investment real estate industry.

Mr. McConnell is Chief Financial Officer of The Donaldson Group and President of TDG Financial, LLC, a full service accounting and financial management firm with particular emphasis on the commercial investment real estate industry. Mac has over 35 years of business and financial management experience, with distinguishing expertise in accounts receivable and the commercial investment real estate business. From 1970 to 1975, Mac was a Principal and systems analyst / manager at Hughes Computer Systems. While at Hughes, Mac created the first advanced accounts receivable systems for the multifamily residential industry. In 1975, Hughes was sold to ADP for $70 million and Mac remained at ADP until 1980. In 1980, Mac joined Dreyfuss Brothers, Inc., which at the time was the largest third-party property fee manager on the east coast. Among his many other responsibilities at Dreyfuss, Mac designed, programmed and installed advanced mini-computer systems to process multifamily residential resident receivables and vendor accounts payables at over 300 sites nationally.

In 1990 Mac became CEO and President of Financial Management Services, LLC, a highly respected accounting and financial management services firm headquartered in Bethesda, Maryland. At Financial Management Services, Mac directed a staff of 50 that managed over $300 million of cash assets and, among other responsibilities, oversaw a portfolio of approximately 50,000 bad debts having an estimated value of over $60 million and directed the design of a computer system to track and report the status of these accounts. Throughout his career, Mac has also been instrumental in formulating sophisticated commercial real estate investment strategies and financial models.

Mac oversees and directs all aspects of TDG Financial's accounting and financial management services business and serves as an integral part of The Donaldson Group management team and TDG Capital Partners acquisition team. Mac also serves on the Board of Directors of Comprehensive Community Development, Inc., a non-profit corporation providing job and other training to low-income families, the Board of Directors of Neighborhood Payment Services, Inc., a company assisting apartment residents with bad credit, and the Advisory Committee of Transactis, Inc., an online billing service.

Scott Altman is Senior Vice President and Director of Property and Construction Management at The Donaldson Group and the President of TDG Development, LLC.

Mr. Altman is a Certified Property Manager, a Certified Commercial Investment Member, a 1994 graduate of Old Dominion University, where he received a Bachelor of Science, and a 1996 graduate of Virginia Commonwealth University, where he received Master of Science graduating with a perfect 4.0 grade point average. Scott is also pursuing his Master of Business Administration in Finance at Johns Hopkins University.

Prior to becoming Senior Vice President and Director of Property and Construction Management at The Donaldson Group, Scott served as Senior Vice President and Director of Acquisitions and Construction Management at The Donaldson Group, after successfully serving in his first stint as Director of Property Management and before that as a Regional Property Manager with The Donaldson Group. In his role as Director of Property Management, Scott developed and implemented numerous new policies and procedures for The Donaldson Group’s management efforts, managed over 8,000 units and over 500,000 square feet of Class A office space and was responsible for directing over $80,000,000 of renovation work at properties owned and/or managed by The Donaldson Group. Scott also directed all of the due diligence efforts for The Donaldson Group in connection with its and its clients’ acquisitions. Prior to joining The Donaldson Group, Scott was a Commercial Property Manager and Assistant Property Manager for Park Center Management in Alexandria, Virginia.

In his current capacity, Scott oversees and directs all aspects of The Donaldson Group’s property and construction management business and TDG Development. Scott also serves as an integral part of TDG Capital Partners acquisition team, evaluating and underwriting potential new acquisitions and directing all due diligence efforts related to TDG Capital Partners’ acquisitions.

Ms. Francke is Vice President and the Director of Operations at The Donaldson Group. Lisa Marie is a 1994 graduate of Pennsylvania State University where she received a Bachelor of Arts degree in International Politics. She subsequently taught Middle East History at the university for two years until relocating to Maryland in 1996. Lisa Marie received the Accredited Residential Manager (ARM) certification through IREM in 1998 and the Certified Apartment Manager (CAM), certification through The National Apartment Association in 2002. Lisa Marie is currently pursuing the Certified Property Manager (CPM) designation through IREM. Prior to joining The Donaldson Group, Lisa Marie had a five year tenure with The Dolben Company based in Burlington, Massachusetts, where she oversaw part of Dolben's southern portfolio as a Regional Property Manager. Lisa Marie began her employment with Dolben as a Property Manager, a position she also held with the Oxford Group at AIMCO and Grady Management. Lisa Marie began her career in property management as the Director of Marketing for M. Myers Development based in Dallas, Texas.

Since joining The Donaldson Group in 2005, Lisa Marie has served as the Director of Human Resources and Market Analyst. In her current role as Director of Operations, Lisa Marie is responsible for the development and maintenance of The Donaldson Group's website and company intra-net and the development and implementation of all company systems, policies and procedures. In this capacity, Lisa Marie also assists the Director of Property Management in the direction of all operational aspects of property management and is responsible for developing and implementing The Donaldson Group's training programs.

Amy M. Earp is Director of Marketing for the Donaldson Group, LLC.

Amy is an innovative, strategic marketer and trainer with over 16 years in the property management industry. She has extensive background in acquisitions and dispositions, stabilized properties and lease-ups. Amy spent 7 years of her career with Sawyer Realty Holdings as the Director of Marketing & Creativity. During her tenure at Sawyer, Amy created a complete full service marketing team, new marketing processes and new branding where none previously existed. Amy developed and implemented a solid employee recognition program, award winning graphic design team and a quality assurance department. Amy is also an instructor for Maryland Multifamily Housing Association's Certified Apartment Manager course as well as the association's Certified Leasing Professional Program and has delivered numerous seminars to the multifamily housing industry.

In her role as Director of Marketing, Amy is responsible for managing the Marketing Department, developing and placing all advertising, developing market analyses, executing marketing and advertising plans and promotions, recruiting and training of sales staff, and providing all-inclusive sales and marketing support to the communities managed by The Donaldson Group.

Barbara  J. Spears, Director of Maintenance and Contracts of The Donaldson Group, LLC.

Barb has been a part of property management most of her life. Growing up in the Washington, DC metropolitan area and raised in the multi-family housing industry, Barb learned at a very young age the value of preventative maintenance, scheduling and follow through.

Barb has held many positions throughout her career from groundskeeper, leasing specialist, asst. property manager, property manager, new employee trainer, and construction manager. Barb spent 18 years with Dreyfuss Brothers, Inc. where she managed several of Dreyfuss properties including Dreyfuss' largest community. While at Dreyfuss Barb received numerous management awards, trained corporate and field staff and assisted in re-writing the company policy and procedure manual.

During her first tenure with The Donaldson Group, Barb took on a challenging property that was 1/3 vacant, 1/3 delinquent and where the residents were not receiving maintenance service. In a short 15 months Barb managed the strategies to turn the property into a sellable asset. Returning to The Donaldson Group in 2005 Barb has held the position of Construction Manager at 4 properties with renovation budgets ranging from $6mm to $17mm dollars.

In her current role as Director of Maintenance and Contracts, Barb is responsible for the development of The Donaldson Groups standard for safety equipment and assist in safety training at all sites. In addition, Barb standardizes all aspects of maintenance and contracts, equipment inventory, customize work order system, development of relationships with contactors and vendors to assure the best product, price and performance and assists in budget forecasting and planning. In addition, Barb schedules continued education classes for the maintenance teams, holds quarterly meeting with the construction and maintenance service managers and assists in identifying and resolving trouble spots. Barb also serves on our serves on our "Green Team", Safety Committee and Chairs the Preventative Maintenance Program.

Susannah M. Wheelock is Director of Human Resources for the Donaldson Group, LLC.

Susannah is a graduate of West Virginia University where she received her Bachelor of Science in Journalism with a minor in Business Administration.  She began her career in 2001 as a Human Resources Assistant with the ATEL Corporation in Landover, Maryland.  Susannah joined The Donaldson Group in 2005 and soon became the Associate Director of Human Resources.  She was promoted to the Director position in August of 2006 and recieved her Professional Human Resources (PHR) Certification thought HRCI in January 2009.

In her role as Director of Human Resources, Susannah is responsible for the payroll and benefits administration of The Donaldson Group's employees. She is also involved in the recruitment and orientation of all new additions to The Donaldson Group team.  In addition, Susannah oversees all employees retention programs, wellness programs and career development initiatives.