Management Team

TOM WERMERS – CEO

Tom Wermers is Chief Executive Officer and owner of the Wermers group of companies. A seasoned real estate executive and entrepreneur, Tom has been responsible for the construction of approximately 30,000 apartment units in California, Texas, Nevada and Arizona. Wermers primary focus is on large, wood-frame multi-family apartments, renovations, hotels and professional cost estimating. Wermers produces well over $100 million in annual revenues and continues to grow each year. In 2005, Tom founded Wermers Properties, a real estate development company which currently has over 6,000 units under development. He serves as President and oversees land purchase, joint venture opportunities, entitlements, and all aspects of the day to day business.

JEFF BUNKER – PRESIDENT

Jeff Bunker, President, is responsible for leading Wermers day to day field operations, tactical corporate planning, team development, and budgeting. Mr. Bunker joined Wermers in 1992 as an assistant superintendent and progressed through the ranks to become the company’s first non-family President. During his 25 year career, Mr. Bunker has completed 10, 500 new units including schools, churches, police stations and a vast number of multi-family projects. He has spearheaded over 100 multi-family projects which include 10 underground parking structures throughout California and the Southwest. In 2008, Mr. Bunker successfully launched Wermers Troubled Assets Division, which has already helped lenders turn around troubled projects in San Diego, Orange County and the Bay Area.

RICHARD LEMMEL – CFO

Richard Lemmel is Vice President and Chief Financial Officer for the Wermers group of com- panies and is responsible to maintain, and enhance, all of the accounting and financial report- ing for the company. This includes all project accounting, corporate accounting, legal and insurance issues, as well as all financial analysis for the company and its’ clients. During his tenure with Wermers’, Richard has attained a vast knowledge through direct experience of Lien Law, Tax Credit and Prevailing Wage Programs. Richard has been an integral part of the financial success of forward and strategic planning for Wermers since joining the organization in 1992. Mr. Lemmel graduated from Florida Atlantic University with a degree in Finance and completed all necessary courses required for CPA’s.

BARRY WEBER – VICE PRESIDENT

Mr. Weber is currently responsible for new business development and all on-site project management for multiple multi-family projects. As a part of his assignments, Mr. Weber is responsible for prime contract negotiations, subcontract negotiations, budgeting, purchasing, estimating, supervision, quality control, inspection, agency approvals and coordination and final turnover to project Owner. Mr. Weber has been involved in multi-family and hotel projects for over 20 years as well as having an extensive background in commercial and hotel development, with direct involvement in completing over 5,000 units. Mr. Weber has been a part of the Wermers organization since 2001. Mr. Weber is an active board member of the San Diego Housing Federation and the Vice Chairman of San Diego Boy Scouts of America.

RICHARD WOOD – VICE PRESIDENT

Mr. Wood is currently responsible for new business development and on-site proj- ect management for multiple multi-family projects. As a part of his assignments, Mr. Wood is responsible for prime contract negotiations, subcontract negotiations, budgeting, purchasing, estimating, supervision, quality control, inspection, agency approvals and coordination and final turnover to project Owner. Mr. Wood specializes in large, multi-family projects. His background in building is comprised of over 2500 new units and the rehabilitation of existing units. In addition to multi-family projects, Mr. Wood has commercial experience building hotels. Mr. Wood has been a part of the Wermers organization since 1987.