Leon F. Mayshak

Certified Public Accountant, State of Florida Thirty-four years of experience in public accounting. University of Miami, BBA, MBA Mr. Mayshak is a partner in the Deloitte & Touche national office and serves as the firm's National Partner - Real Estate. As such, he is responsible for the firm's real estate assurance and accounting services, real estate technical consultations and development of the firm's real estate specialists. He has consulted on all major clients, of the firm. Mr. Mayshak is active in the development of professional accounting standards. He previously served as the Chair of the American Institute of Certified Public Accountants (AICPA), Real Estate Committee for the three years ending September 30, 1999 and as a member of the committee for the three years ended September 30, 1983 and one year ended September 30, 1996. Mr. Mayshak has served or is presently serving on the following AICPA task forces: ¨ Guide For the Use of Real Estate Appraisal Information ¨ Statement of Cash Flows ¨ Current Value Accounting ¨ Accounting For Investors' Interests in Unconsolidated Real Estate Investments ¨ Time Share Accounting ¨ Cost Capitalization Mr. Mayshak has been involved in other AICPA projects including the annual real estate risk alert and comment letters on real estate related exposure drafts. Mr. Mayshak has served on a steering committee for the International Accounting Standards Committee (IASC). The steering committee has prepared the international standards for real estate investment accounting. Mr. Mayshak has served on various task forces that have responded to IASC exposure drafts on impairment and leasing. Mr. Mayshak is a co-author of the "Real Estate Accounting and Reporting Manual" published by Warren, Gorham & Lamont/RIA Group.