Biography of Leonard W. Wood

Investor and Committee Member with GLJ Partners

Leonard W. Wood brings over 26 years of industry leadership experience to GLJ Partners. Mr. Wood will be an investor with GLJ Partners and will participate as an Investment Committee Member and as a member of GLJ Partners’ Management Board.

Leonard W. Wood retired from Wood Partners, L.L.C. in November 2007. Mr. Wood founded the company in April 1998, and its primary focus continues to be the development of apartment and condominium homes in the Baltimore/Washington D.C. area, the Southeast, Florida, Texas, Colorado, Nevada, Arizona and California. At the time of Mr. Wood’s retirement, Wood Partners had started, since inception, over 38,000 multi-family units representing an investment of more than $5.3 billion. Wood Partners was the largest multi-family builder in the U.S. in 2004, the 3rd largest in 2005, and the 6th largest in 2006 according to Builder Magazine. Wood Partners also received the 2006 Fastest Growing Private Builder award from Builder Magazine.

Prior to founding Wood Partners, Mr. Wood joined Trammell Crow Residential (“TCR”) as Partner in charge of North Florida in 1982. In 1985, he moved to Atlanta to assume responsibility for the Southeast Region. Over time, Mr. Wood also accepted responsibility for the Texas, Midwest, and Southwest Regions. The primary focus of Trammell Crow Residential is apartment acquisition, development and management. In January of 1994, five operating companies that worked with Mr. Wood in Texas, Georgia and Tennessee combined and had an initial public offering as Gables Residential Trust, a New York Stock Exchange REIT. In November of 1997, TCR sold its Southwestern assets and operations to BRE Properties, Inc. (NYSE). In December of 1997, TCR sold its Midwestern assets and operations to Avalon Properties, Inc. (NYSE) and AMLI Residential Properties Trust (NYSE). In March of 1998, TCR sold its North Florida assets to Merry Land & Investment Co., Inc. (NYSE), who subsequently merged with Equity Residential (NYSE).

In October of 1996, Homegate Hospitality, Inc. (“Homegate”) had its Initial Public Offering. Homegate combined TCR’s development capabilities with Wyndham Hotel Company’s management expertise to create an extended-stay hotel chain. Mr. Wood was on the Board of Directors of Homegate. In December of 1997, Homegate merged with Prime Hospitality, a New York Stock Exchange lodging company. Subsequently, Prime sold to Marriott.

Mr. Wood is a 1972 University of North Carolina M.B.A. graduate, with an undergraduate degree from N.C. State University. As an Audit Manager with Arthur Andersen & Co., Mr. Wood had an extensive real estate clientele. In 1977, Mr. Wood became the Controller for Brandermill, "the best planned community in America." In 1979, Mr. Wood became General Manager of Fripp Island, a large-scale planned unit development including both real estate development and sales, as well as resort operations.

Mr. Wood is immediate past-Chairman and continues to serve on the Board of the Multi-Family Leadership Board of NAHB. He also is the past-Chairman and serves on the Board of Directors of the National Multi Housing Council. Mr. Wood is a past Governor, past Trustee, and past Chairman of the Multi Family Council of the Urban Land Institute. He has served on the National Advisory Board of the Multi Housing World Conference. He is an active member in the Alexis de Tocqueville Society (United Way) and is a member of its Ivan Allen Society. He also serves on the Board of Visitors of the University of North Carolina's Kenan-Flagler Business School. In 2001, Mr. Wood received the MBA Alumni Merit Award from the University of North Carolina. In 2007, Mr. Wood founded the Wood Center for Real Estate Development as a part of the Kenan-Flagler Business School.