July 28, 2014
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KTR Capital Partners is led by a highly experienced team of professionals with an average of over 15 years in the real estate industry.  The principals have a wide array of industry experience representing expertise in all facets of real estate investment including acquisitions, development, finance, operations and asset management.

   
Jeffrey E. Kelter, Senior Partner, prior to founding KTR, Mr. Kelter was President, Chief Executive Officer and a Trustee of Keystone Property Trust, “Keystone” (NYSE:KTR), an industrial real estate investment trust. Mr. Kelter founded the predecessor to Keystone in 1982, a vertically integrated real estate development platform, based in Philadelphia. He took Keystone Property Trust public in 1997 and he and the management team directed its operations until 2004 when it was sold to a joint venture of Eaton Vance & Prologis (NYSE:PLD). Mr. Kelter began his career in 1976 at Bankers Trust Company where he was an assistant treasurer in the Corporate Finance division. He serves on the Board of Trustees of Gramercy Capital Corporation (NYSE: GKK) and is a member of the Urban Land Institute, Pension Real Estate Association and Real Estate Roundtable. Mr. Kelter received a B.A. from Trinity College, where he serves on the Board of Trustees.
   
Robert F. Savage, Jr., Senior Partner, prior to founding KTR, Mr. Savage was Executive Vice President, Chief Operating Officer and a Trustee of Keystone Property Trust until its sale in 2004. Mr. Savage was a partner in the formation of Keystone in 1997 and joined the firm in an operating capacity in November 2000. From 1997 to 2000, Mr. Savage was a Partner at Hudson Bay Partners, L.P. a private equity firm. Previously, he worked from 1994 to 1997 in the Investment Banking Division at Merrill Lynch & Co. where he specialized in corporate finance and strategic advisory services for REITs, real estate opportunity funds and hotel companies. Mr. Savage started his career at Arthur Andersen LLP, in the real estate advisory and workout practice and then worked at Jones Lang LaSalle in a variety of investment management and project finance positions. He is a member of the Urban Land Institute, Pension Real Estate Association and a Member of the Editorial Board of the Institutional Real Estate Letter. Mr. Savage received an A.B. in Urban Studies and Business Economics from Brown University.
   
A. Donald Chase Jr., Partner, is focused on Alternative Investments and Capital Advisory efforts for the firm and serves on the Company’s Investment Committee. Prior to this role, he oversaw acquisitions and developments throughout the Southern and Western US. Mr. Chase served as Senior Vice President of Investments at KTR’s predecessor company, Keystone Property Trust, with the primary responsibility of overseeing acquisitions and development in the Mid-Atlantic and Mid-West markets. During Mr. Chase’s career he has been focused almost exclusively on industrial property. Prior to joining Keystone in 2002, he was the Director of Development at TIG Real Estate Services, Inc. in Dallas where he focused on industrial and suburban office projects on a speculative, build-to-suit and fee development basis, working with both institutional and private capital sources. Mr. Chase began his career as an investment manager at AEW Capital Management (formerly Copley Real Estate Advisors). He currently serves in leadership roles with NAIOP on a local and national level and is also a member of PREA. Mr. Chase received an A.B. in Business Economics and Organizational Behaviour and Management from Brown University.
   
John P. DiCola, Partner, is responsible for Direct Investments of the firm, with oversight of all acquisitions and development activities throughout target markets across North America and serves on the Company’s Investment Committee. Prior to KTR Mr. DiCola served as Senior Vice President of Investments at Keystone Property Trust from September 2002 and was responsible for overseeing acquisitions and development in the Northeast. Prior to joining Keystone, he was most recently Principal and Co-Founder of Triad Partners, LLC, a firm specializing in development opportunities in the New York City metropolitan area. Prior to founding Triad, Mr. DiCola spent ten years with Jones Lang LaSalle, most recently as Senior Vice President, responsible for the firm’s land investment and development activities in the Eastern portion of the United States. Mr. DiCola has negotiated and completed acquisition and development deals in commercial and residential real estate in numerous markets across the country. He currently is a member of NAIOP and the Urban Land Institute. Mr. DiCola received an A.B. in Urban Studies and a B.S. in Civil Engineering from Brown University.
   
Stephen J. Butte, Partner, heads the Company’s Asset Management group and is responsible for overall leasing, budgeting, valuations and capital planning for the Company’s portfolio. He is also involved strategically with aspects of property finance and serves on the Company’s Investment Committee. Previously, Mr. Butte served as Senior Vice President of Asset Management at Keystone Property Trust where he had worked since December 1997. He also served as Chief Investment Officer from March 1999 until January 2001 and Secretary from September 1999 until May 2000. As Senior Vice President of Asset Management, Mr Butte had primary responsibility for overseeing all portfolio and property level analysis for Keystone’s existing properties as well as proposed investments. Mr. Butte worked closely with and supported the functions of the operating departments including Investments, Leasing, Property Operations and Construction. Mr. Butte has been involved with the Company or its predecessors for his entire real estate career beginning in 1988. Mr. Butte received a B.S. in Accounting and a Masters of Taxation from Villanova University.
   
J. Peter Lloyd, Partner, is responsible for the accounting, financing, investor reporting, human resources and information technology departments within the Company. Previously, Mr. Lloyd served as Senior Vice President and Chief Accounting Officer of Keystone Property Trust since December 2003 and January 2003, respectively. Prior to that he was the Vice President and Corporate Controller since joining Keystone in September 2001. Before joining Keystone, he held controllership positions at TL Ventures and a subsidiary of Dynisco. From 1996 to 2000, Mr. Lloyd worked at Morgan Stanley as Vice President-Controller for the institutional investment management business where he earned the Series 6, 27 and 63 licenses. He began his career in 1992 with Arthur Andersen LLP’s Philadelphia office focusing on a wide range of industries. He is a Certified Public Accountant and a member of the Private Equity CFO Association. Mr. Lloyd graduated cum laude from Villanova University, where he earned a B.S. in Accountancy.
   
Francis K. Ryan, Partner and Head of Property Management/Construction, is responsible for property operations and oversees the Company’s construction and development activities. Previously, he served as Senior Vice President of Construction and Property Operations for Keystone Property Trust from December 1997. In February 2001 he was named head of Property Operations and Construction. In this expanded role, Mr. Ryan’s primary responsibilities included the construction of development projects in addition to directing tenant related improvements and property management. Mr. Ryan joined Penn Square in 1991 where he was responsible for the management of various commercial and industrial properties. Prior to working for Penn Square, Mr. Ryan worked for four years as a senior property manager for Cushman & Wakefield’s Pennsylvania office and as a project manager for American Building Maintenance from 1984 through 1986. Mr. Ryan is certified as a Real Property Administrator by the Building Owners and Managers Institute (BOMI). He is a member of the Building Owners and Managers Association (BOMA) and the Institute of Real Estate Management (IREM).
   
Paul J. Charlton, Senior Vice President – Direct Investments, is responsible for the identification, negotiation and execution of prospective investments for the Company. Mr. Charlton’s focus is on the Southwest, Southeast and Mid-Atlantic regions. Prior to the formation of KTR, he was a Vice President at Keystone Property Trust beginning in May of 2003 with primary responsibilities including portfolio and property level analysis, underwriting proposed acquisitions and development opportunities, and monitoring the performance of joint venture relationships and investments. Before joining Keystone, Mr. Charlton served as a Vice President for Communications Equity Associates, where he worked on financings and sell-side merger and acquisition projects for clients in the real estate related communications tower sector. He started his career in commercial banking working for First Union National Bank in their Capital Markets division. Mr. Charlton received a B.S. in Business cum laude from Wake Forest University and an MBA from the Wharton School of Business in Philadelphia, PA.
   
Tariq A. Khan, Senior Vice President, is responsible for the identification, underwriting and execution of prospective investments for the Company. Before joining KTR in 2009, Mr. Khan served as a Vice President for Goldman, Sachs & Co., where he worked in the Real Estate Group in the Investment Banking Division. Prior to Goldman Sachs, Mr. Khan worked in the Investment Banking Division of UBS Investment Bank as an Associate and then as a Director in the Global Real Estate, Lodging and Leisure Group. Mr. Khan has executed over $13 billion of real estate M&A and capital markets transactions across various sub-sectors. He started his career as an environmental engineer in Houston, Texas. Mr. Khan received a B.S. in Chemical Engineering from the University of Virginia, an M.S. in Environmental Engineering from Rice University and an MBA from the University of Chicago Graduate School Of Business.
   
Philip J. Prassas, Senior Vice President – Direct Investments, is responsible for the identification, underwriting and execution of prospective investments for the Company. Mr. Prassas’ focus is the Inland Empire, Chino and San Gabriel Valley submarkets in Southern California as well as the Pacific Northwest, Texas, Phoenix and Denver. Prior to joining KTR, Mr. Prassas served as Vice President of Acquisitions from 2005 to 2010 for Duke Realty Corporation, a publicly-traded REIT. Before Duke, he spent 5 years at RREEF/Duetsche Bank Real Estate, where he was responsible for originating and underwriting investment opportunities in multiple markets across the country. Mr. Prassas began his career as an investment analyst for a Chicago-based developer. He currently serves on the board of directors for NAIOP Inland Empire and is a member of the Urban Land Institute. Mr. Prassas received a Bachelor of Science in Finance from Miami University in Ohio, where he graduated cum laude.
   
Brian A Gagne Brian A. Gagne, Senior Vice President – Direct Investments, is responsible for the identification, underwriting and execution of prospective investments for the Company. Mr. Gagne covers LA County and Orange County in Southern California as well as the Bay Area, San Diego and Las Vegas. Before joining KTR in 2005, he was a member of the Commercial and Industrial Real Estate Brokerage Group of New Dover Associates in Massachusetts. Prior to that Mr. Gagne was an analyst with Lehman Brothers in New York in the finance division. He graduated Magna Cum Laude from Babson College with a B.S. in Business Administration and a concentration in Finance and Evaluation.
   
Ryan S. Stoller, Vice President – Direct Investments, is responsible for the identification, underwriting and execution of prospective investments for the Company. Mr. Stoller’s focus is the Midwest region. Prior to his current role, he was the Asset Manager responsible for the Chicago market. Before joining KTR in February 2008, Mr. Stoller was a Senior Acquisitions Analyst at First Industrial Realty Trust where he helped identify and underwrite industrial acquisitions in the Chicago Region. Prior to that Mr. Stoller was broker in the Capital Markets Group at Trammell Crow responsible for the sale of institutional office, retail and industrial properties in the Detroit Metropolitan Area. He holds a Bachelor of Business Administration in Finance from Emory University.
   
Steven D. Pron, Senior Vice President – Asset Management, is responsible for property and portfolio level analysis within the Company’s asset management function, including lease analysis, budgeting, forecasting and valuations. Prior to the formation of KTR, Mr. Pron was Vice President of Corporate Planning and Financial Analysis at Keystone Property Trust with primary responsibility for the financial model and a variety of corporate finance and budgeting functions. Previously, he served as Controller of Property Operations since August 1999 responsible for overseeing all portfolio and property level accounting and budgeting for Keystone's properties; prior to that he was a Financial Analyst since 1998. Before joining Keystone, Mr. Pron was employed for 4 years as the Accounting Manager of the Arden Group, Inc., a privately owned real estate company. He is a graduate of Kutztown University with a B.S. in Accounting.
Mace McClatchy, Vice President Direct Investments, is responsible for the identification, underwriting and execution of prospective investments for KTR in the Southwest Region. Prior to joining KTR, he served as Principal of Holt Lunsford Commercial's Dallas office division where he oversaw portfolio leasing and client relationship development. While at Holt Lunsford Commercial, Mace McClatchy was responsible for overseeing a portfolio of over 2,500,000 square feet. He received a Bachelor of Business Administration from Baylor University with concentration in Finance and International Business. Mace McClatchy is a current member of The Real Estate Council, NAIOP, NTCAR, and the Associate Leadership Council.
   
   






“The principals have a wide array of industry experience representing expertise in all facets of real estate acquisitions, development, finance, operations and asset management”
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