Daryl J. Carter has been a member of our Board since February 2009. Mr. Carter founded and since 2007 has served as Chairman and CEO of Avanath Capital Management, LLC, an investment firm focused on urban-themed real estate and mortgage investments. From 2005 to 2007, Mr. Carter was an Executive Managing Director of Centerline Capital Group (“Centerline”) a subsidiary of Centerline Holding Company (NYSE), and head of the commercial Real Estate Group. He was also the President of American Mortgage Acceptance Corporation, a publicly-held, commercial mortgage lender (AMEX) that was externally managed by Centerline. Mr. Carter became part of Centerline when his company, Capri Capital Finance (“CCF”), was acquired by Centerline in 2005 and stayed with Centerline until 2006. Mr. Carter co-founded and served as Co-Chairman of both CCF and Capri Capital Advisors in 1992. He was instrumental in building Capri to a diversified real estate firm with $8 billion in real estate equity and debt investments under management. Prior to Capri, Mr. Carter was Regional Vice President at Westinghouse Credit Corporation in Irvine and a Second Vice President at Continental Bank in Chicago. Since 2003, Mr. Carter has served as a trustee of Paragon Real Estate Equity and Investment Trust, traded on the former American Stock Exchange until 2006, Trustee of the Urban Land Institute, Executive Committee Member of the National Multifamily Housing Association and former Chairman of the Commercial Board of Governors of the Mortgage Bankers Association. Mr. Carter serves on the Dean’s Advisory Council & Visiting Committee of the M.I.T. Sloan School of Management. Mr. Carter brings to our Board significant management experience and demonstrated leadership skills with financial real estate entities.
Donald F. Keating has been a member of our Board since 2008. Mr. Keating was formerly the Chief Financial Officer of Shell Mining Company. Mr. Keating retired from Shell Mining Company in 1992 and continued to provide consulting services to Shell Oil until 2002. Since 2002, Mr. Keating has managed his personal investments. Mr. Keating graduated from Fordham University with a Bachelor of Science Degree in Finance and served in the United States Marine Corps as infantry company commander. He is a former board member of Billiton Metals Company, R & F Coal Company and Marrowbone Coal Company. Mr. Keating’s educational and professional experience in the field of finance and accounting, as well as his supervisory roles in the accounting industry, have brought to our Board the ability to oversee our accounting and financial reporting practices, risk management efforts and compliance with applicable regulatory standards.
An entrepreneur with over three decades of real estate investment experience, Mr. Lambert has significant experience in commercial real estate and financing of development projects. He currently serves as President of Lambert Capital Corporation, a private firm established in 2005, which completed the highly successful $275 million Wailea Beach Villas condominium project on Maui.
Mr. Lambert began his real estate and investing experience in 1980 as a developer with Dillingham Land in Hawaii, where he developed a range of successful commercial projects. For 12 years after Dillingham, he was a Principal and Managing Partner of The Shidler Group, a nationally focused private real estate investment firm, where he owned and managed a three million square foot diverse portfolio of commercial properties in six states. Additionally, he was a Founder, Director and Manager of First Industrial Realty Trust, a publicly traded REIT (NYSE:FR) and one of the largest owners of diversified industrial real estate in the nation. Mr. Lambert also served as the Chief Operating Officer of First Industrial from its initial public offering in 1994 to the end of 1995. He has been a Trustee since 1998 of Paragon Real Estate Equity and Investment Trust, traded on the former American Stock Exchange until 2006. Mr. Lambert holds a BA from Occidental College and an MBA from the Stanford Graduate School of Business.
Jack L. Mahaffey has served on our Board since 2000. Mr. Mahaffey was formerly the President and Chief Executive Officer of Shell Mining Company. Since retiring from Shell Mining Company in 1991, Mr. Mahaffey has managed his personal investments. Mr. Mahaffey served in the United States Air Force and is a former board member of the National Coal Association and the National Coal Counsel. Mr. Mahaffey brings to our Board demonstrated ability of oversight and decision making from his tenure within the petroleum industry and his experience in managing investments.