Stephen J.K. Walters is chief economist at the Maryland Public Policy Institute and the author of Boom Towns: Restoring the Urban American Dream (Stanford University Press, 2014). He is a Emeritus Professor of Economics at Loyola University Maryland, an Adjunct Scholar at the Cato Institute in Washington, DC, a fellow of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University, an Economic Advisor to the Baltimore Orioles major league baseball team. Dr. Walters is an applied microeconomist. His fields of expertise include urban economics, sports economics, government regulation of business, and the economic analysis of law. His many scholarly articles have appeared in such periodicals as The Journal of Law & Economics, Southern Economic Journal, the Cato Journal, the Journal of Sports Economics, and the Journal of Sport Management. He is also the author of Enterprise, Government, and the Public (McGraw-Hill, 1993) and editor of Econversations: Today's Students Discuss Today's Issues (Pearson, 2013). Dr. Walters was named Loyola’s Distinguished Teacher of the Year in 2005. He frequently contributes commentary in such outlets as The Wall Street Journal, The Washington Post, Investor's Business Daily, and National Review, delivers guest lectures on the economic problems of cities and sports economics, and has served as a consultant for clients as varied as the Nuclear Regulatory Commission and the Chicago Cubs. He earned his B.A. in economics at the University of Pennsylvania and his Ph.D. at the University of California, Los Angeles. He and his wife Melanie live in Baltimore City.

A former foster mom, China Boak Terrell nearly 20 years of experience in the private and public sectors. Ms. Boak Terrell has served as a corporate lawyer leading multi-million dollar transactions; business developer for a trade association; advisor to agency heads, elected officials, and corporate leadership team members; and General Counsel for the District of Columbia’s legislative committee on human services. Since joining ACT as CEO in 2016, Ms. Boak Terrell has raised $15 million for the Baltimore Pumphouse project and completed Phases 1 and 2, which included extensive environmental remediation, site work, and the opening of the first two campus buildings. Under Ms. Boak Terrell's guidance, ACT has completed pre-development for all phases of the Baltimore Pumphouse. Working with residents in ACT's partner community, Ms. Boak Terrell is helping secure the return of traditional business and retail to a Baltimore neighborhood for the first time in more than 50 years. With residents, Ms. Boak Terrell is developing the pilot site for Last Mile Park, an ecological and public art trail that will integrate the Broadway East and Eager Park communities. She has spearheaded a resident-led coalition to develop a comprehensive residential redevelopment plan. She also organized crucial partnerships and funding for producing a neighborhood-wide Greenprint. Ms. Boak Terrell graduated from The Johns Hopkins University with her Bachelor of Arts in International Relations. She graduated from the University of Minnesota Law School magna cum laude with her Juris Doctor. Ms. Boak Terrell is a member of the bars of Maryland, the District of Columbia, and Minnesota. She also has a Master in Public Administration from the Harvard University John F. Kennedy School of Government. Ms. Boak Terrell is published through Harvard's Joint Center on Housing Studies on the topic of supportive housing for the homeless. Ms. Boak Terrell has also been a leader on issues of police legitimacy, securing and producing the first national interview with former Chicago Police Chief Garry McCarthy following the tragic shooting of Laquan MacDonald. Ms. Boak Terrell is happily married to an economics and politics journalist. Together they have an exquisite three-year old and llve in Baltimore's Bolton Hill neighborhood.

P. David Bramble dedicates his time to sourcing transactions, financial structuring and overseeing project underwriting & execution. A corporate and real estate attorney by training, David brings a deep knowledge of all aspects of the real estate cycle. Prior to MCB, David served as the Director of commercial lending for a regionally based full-service lending firm, which he co-founded in 2000. Prior to devoting all his time to commercial real estate investment, David practiced law in the transactions group of a D.C.-based international law firm, where he provided corporate and real estate advisory services. His practice focused on complex workouts, primarily in the real estate and financial products space. David currently serves on the board of small business fintech lender-- Lendistry, as well as the Foundation Board of the Mt. Washington Pediatric Hospital, the Board of the Baltimore Tree Trust, Baltimore Business Lending and several other non-profits and foundations focused on workforce, community & economic development in Baltimore. David has also served on the Board of Directors of a federally chartered bank, served as a Commissioner on the Maryland racing commission as well as on the Boards of multiple real estate and non-real estate related charitable organizations. David received his J.D. from the University of Pennsylvania, and an A.B. from Princeton University.

ERNST VALERY Phone: (917) 757-4389 E-mail: [email protected] EDUCATION: October 2004 COLUMBIA UNIVERSITY New York, NY Master of Science in Real Estate Development Sample courses: Real estate finance Asset repositioning Real estate development in the public sector Entrepreneurship and real estate Real estate law Development market analysis Political environment of development Site planning Construction technology and management WORK EXPERIENCE: 2001- Present REAL ESTATE DEVELOPER Philadelphia, PA One to four unit investment properties and rehabs  Real estate development and investment business.  Real estate consultant to low-income and immigrants in New York and Philadelphia. 2000-2001 YOUTH EMPLOYMENT SERVICES Ithaca, NY Part-time during graduate school  Grant Writing: won Robinson-Appel Humanitarian Award to develop a “grow our own” summer program to increase minority teachers in Ithaca.  Case work and administrative work: supervised seven working teens and developed partnerships with community members and schools to facilitate new programs and secure summer employment for teens 14 and older.  Basketball coach and mentor for City Basketball Program. 1998 MADISON AND TOWER Ithaca, NY Vice President of Finance  Supervised all accounts for student-run advertising agency.  Responsible for producing itemized bills for clients and collecting payment.  Created and executed all business contracts with clients.  Responsible for investing and managing the organization’s surplus. 1995-1996 MICHAEL ESMAY, REGISTERED ARCHITECT Nyack, NY Assistant and Draftsman  Assisted lead architect in producing preliminary drawings.  Assisted lead architect in assessing projects and supervising the building process.  Responsible for research of zoning codes and design specifications. OTHER EDUCATION: August 2001 CORNELL UNIVERSITY Ithaca, NY Master of Public Administration and Affairs Concentration: International Development May 2000 CORNELL UNIVERSITY Ithaca, NY Bachelor of Science in Urban and Regional Studies (Urban Planning) Concentration: International Relations CONSULTING EXPERIENCE: Spring 2000 Environmental justice initiative between Cornell University and Ironbound section of Newark, New Jersey. Web-GIS expert and co-presenter of findings to the Environmental Protection Agency (EPA). 2001 - Present Real estate development consultant to investors and clients in Philadelphia and New York. March 2003 Economic and community development consultant in Thailand with the UN and World-Vision (Chang Mai and Udorn Thani). December 2003 Elected to the advisory board of World Computer Exchange. www.worldcomputerexchange.org LANGUAGES: French (fluent), Haitian Creole (fluent), Spanish (proficient), Italian (proficient), Thai (basic). LEADERSHIP: President, Organization of Urban and Regional Planning (OURS); Nyack High School. AWARDS: W&E Cooper Memorial Award; Robinson-Appel Humanitarian Award; Sage Fellow (Cornell University Graduate School). INTERESTS: Real estate development, public policy, urban planning, architecture and traveling.

Andrew Warren, Andy, currently serves as the PwC’s Director of Real Estate Research. As the Director of Real Estate Research, and is responsible for monitoring all aspects of commercial and residential real estate, including space market fundamentals, capital market trends, regulatory changes and operational developments. For the past seven years, Andy has led PwC’s participation in the development and production of the Emerging Trends in Real Estate publication. Andy is a frequent speaker on issues affecting the real estate market and has also authored numerous articles for internal clients and national real estate publications. Andy also forecasts market performance for PwC’s “Real Estate Investor Survey”. Andy has over 30 years of experience in all aspect of commercial and residential real estate research. Andy has performed and managed real estate fundamental analysis and forecasting, portfolio construction, and buy/sell decisions for both debt and equity clients. Prior to assuming his current role, Andy served as the Managing Director of Real Estate Research for Principal Global Investors, a top 10 institutional real estate manager in the U.S. At Principal, Andy held a progressive level of analyst and management positions over his 25 year career and served as a voting and advisory member on a multiple real estate debt and equity investment funds. Andy has earned the CFA designation and is a Counselor of Real Estate. He is also an active member of the Urban Land Institute Research Forum as well as a participating member of ICSC, NCREIF, NAIOP, the Appraisal Institute and the CCIM institute. PwC’s real estate practice has a broad perspective and keen insight into your audit, tax and advisory needs, we’ll show you how much further your business can go. We support corporate owners/users, developers, hospitality organizations, investors and REITs across all industries. With local and global insights, combined with industry relationships, we provide clients with access to the information that matters most.

Amy Bonitz, Managing Partner, Anthem Communities Amy Bonitz joined Anthem Communities, an Opportunity Zone fund and master developer, in 2019 after more than 23 years of experience in urban real estate, planning and community development. At Anthem she is responsible for setting the strategic direction of the organization with a focus on investing and developing projects that deliver social impact. Prior to joining Anthem Communities, Amy served as President and CEO of a non-profit developer that leveraged $47 million of public and private investment in arts-focused real estate in the Station North Arts & Entertainment District. Amy has a Master's in Regional Planning from the University of North Carolina at Chapel Hill and spent 10 years in the private sector as a Senior Development Director managing a portfolio of award-winning mixed-use developments. She serves on the boards of several Baltimore charitable organizations and was named to the Daily Record's Maryland Top 100 Women in 2020.