261 Gorham Road South Portland, ME Company Profile

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1 Company Profile Preservation Management, Inc. (PMI) has been providing comprehensive residential and commercial property management services since Over the last 30 years PMI has grown to manage over 10,000 units in 18 states. We are a full service multifamily property management firm, specializing in subsidized and Low Income Housing Tax Credit properties. Our philosophy is comprised of four core competencies; filling units, collecting rent, maintaining the asset and being in compliance. The PMI vision is to grow as a competitive property management company in the affordable housing industry by providing superior customer service to our residents, maintaining the assets of clients to preserve their value, and applying best practices to operate efficiently. We take great pride in the level of customer service we provide our business partners and residents. Our property managers and site staff are Certified Manager of Housing, Assisted Housing Manager, Certified Occupancy Specialist, and Certified Manager of Maintenance and tax credit certified. PMI also promotes ongoing training of its staff in all regulatory matters including Fair Housing, HUD, Rural Development and State Housing Authority Programs. Our experienced staff is also trained in all areas of property management including: Market residential rentals in many communities offering competitive rental charges and units. Program and compliance requirements for federal housing programs such as the Low Income Housing Tax Credit program Section 8 Project and Tenant Based (including Preservation/Enhanced Vouchers) programs Section 8 Moderate Rehabilitation and the new Project Based Voucher program Rural Development 515 and Rental Assistance programs Section 236 Interest Reduction and Section 221(d)3 programs FHA and Risk Share mortgage insurance programs as well as a number of state funded housing programs. Management Services At PMI we are committed to protecting our business partner s assets and serving as a full service property management company. We provide expertise in the following areas: Tax Credit Compliance Resident Services o 504 Coordinator for reasonable accommodations and affirmative fair housing marketing plans

2 Accounting Facilities o Corporate bed bug remediation protocol o REAC Preparation Expertise Energy Efficiency/DSM Marketing Relocation Services Training Human Resources Master Inspection Schedule VISION To grow as a competitive property management company in the affordable housing industry by providing superior customer service to our residents, maintaining the assets of clients to preserve their value, and applying best practices to operate efficiently. MISSION To build better communities by managing quality affordable housing and helping our residents achieve new successes through industry-leading resident services programs. VALUES To have equal and respectful treatment of our residents and employees, while maintaining professional working relationships with all our business partners and relevant government agencies. To have a culture that develops innovation, recognizes performance, and achieves outstanding services focused on results and integrity. To support the capabilities and success of our property management teams.

3 David T. Flanagan, Chief Executive Officer and President David T. Flanagan, Chief Executive Officer and President of Preservation Management, Inc., previously served as the President and Chief Executive Officer of Central Maine Power Company. While at Central Maine Power, David helped stabilize electric prices, managed the Ice Storm of 1998 and led a successful turn-around of the company s finances. He has also been active in public service: he was appointed General Counsel for the U.S. Senate investigation of the federal government s response to Hurricane Katrina; and has served as Chair of the Board of the University of Maine System Board of Trustees, Chair of the Maine Chapter of the Nature Conservancy, Chair of Maine & Company, co-chair of the Capital Campaign for the Children s Center in Augusta, and numerous governmental and non-profit boards. Recently he led a task force on structural reform in the University of Maine System. Currently he is Chair of the Board of Visitors of the Muskie School of Public Service. Prior to joining Central Maine Power Company, David was legal counsel to Governor Joseph Brennan and a partner of the Portland law firm of Pierce Atwood. He currently serves on several Boards of Directors. David is a graduate of Maine public schools, Harvard College, the University of London and Boston College Law School.

4 Christine R.A. Jenkinson, Chief Operating Officer Christine R. A. Jenkinson, Chief Operating Officer of Preservation Management, Inc., has over 14 years of experience in the affordable housing industry. Most recently before joining PMI, Christine was the Vice President of Asset Management for The Wishcamper Companies, Inc., a PMI affiliated real estate development firm. Christine handled all asset management functions for properties in the multifamily portfolio including strategically optimizing the return on investments and managing repositioning situations including refinancing and dispositions. She also acted as the key owner contact for management agents. Before relocating to Portland in 2006, Christine was an Assistant Vice President at Boston Capital Corporation in Boston, MA where she was responsible for the on-going portfolio management and investor reporting for $1 billion in gross equity across multi-investor, corporate and direct investment tax credit funds. Other experience includes Asset Management at Deutsche Bank Berkshire Mortgage, one of the largest underwriters of Fannie Mae, Freddie Mac, and mezzanine multi-family loans in the U.S. She managed over $680 million in multifamily loans, including the company's entire mezzanine portfolio. Christine also worked as an Acquisitions Analyst in the Housing and Community Investing department for Boston Financial Investment Management where she analyzed potential multi-family tax credit acquisitions by reviewing project feasibility, strength of general partners, and financial return opportunities. Christine earned a Bachelor of Science degree from Babson College in Wellesley, Massachusetts. She is a member of the Real Estate Finance Association and the Urban Land Institute. She is a volunteer mentor for The Center for Women s Leadership at Babson College.

5 Sheila S. Malynowski, Chief Quality Assurance Officer Sheila S. Malynowski, Chief Quality Assurance Officer of Preservation Management, Inc. began her career in property management as a Multifamily Housing Representative for the Department of Housing and Urban Development where she was responsible for the development of multifamily housing communities using available HUD programs. Most recently before joining PMI, Sheila was the Director of Housing Management for the New Hampshire Housing Finance Agency, where she administered all multifamily housing programs and was responsible for program compliance for 18 years. Sheila has over 30 years experience in the affordable housing industry. Sheila is a graduate of Becker College, Franklin Pierce College and received her MSA from Springfield College. She is active with the National Leased Housing Association as a member of their board and is also active in other national and regional housing organizations.

6 John F. Isacke, Chief Financial Officer John F. Isacke, Chief Financial Officer of Preservation Management, Inc. has over 35 years of management experience. Most recently before joining PMI, John was the Vice President for Administration and Chief Financial Officer of the Maine Public Broadcasting Network. John was instrumental in working to re-balance MPBN financially and was responsible for accounting, insurance, finance, human resources and the revenue raising functions of corporate support and auction. John worked as the President of Holy Terra Products, Inc., a Portland, Maine based company specializing in all-natural, organic bio-pesticide products, where he was responsible for organizing, developing, directing and launching a new line of bio-pesticide products to fulfill initial critical needs for business planning, staffing, capital raising and EPA product registration. Other experience includes Vice President, Treasurer and Chief Financial Officer of Outside Television, formerly known as Resort Sports Network, Inc. and Senior Vice-President, Treasurer and Chief Financial Officer of Consumers Water Company. John earned a Bachelor of Science degree from Miami University in Oxford, Ohio. He is a Certified Public Accountant and currently serves on the boards of the Portland Museum of Art and The Woodlands Club.

7 Stephen G. Robinson, Chief Facilities and Engineering Officer Steven G. Robinson, Chief Facilities and Engineering Officer of Preservation Management, Inc., has over 25 years of engineering expertise. Most recently before joining PMI, Steven was a Project Manager at GDS Associates, Inc. in Manchester, Maine, where he provided consulting services for energy efficiency and management leadership to local Maine businesses. Steven worked as the Vice President of Technical Services for the Central Maine Power Company, where he oversaw the areas of budgets, goals, strategies, business plans and compliance with pertinent regulations. His departments included System Planning, System Operations, Electric Systems Engineering, Distribution Engineering, Meter Services, Maintenance Engineering Services, and Technical Support Services. Steven earned a Bachelor of Science and AS in Electrical Engineering Technology from the University of Maine in Orono, Maine. He is a member of the Deans Advisory Council for the College of Engineering at the University of Maine at Orono.

8 Geoffrey W. Green, Executive Director of Resident Services Programs Geoffrey W. Green, Executive Director of Resident Services Programs at Preservation Management, Inc. has over 25 years of executive administration experience in human services organizations. Most recently before joining PMI, Geoffrey served as a Deputy Commissioner for Operations and Benefits for the Maine Department of Health and Human Services, providing executive leadership for an integrated health and human services organization that was created by the merger of the former Department of Human Services and the former Department of Behavioral and Development Services. He worked to oversee financial assistance programs such as Temporary Assistance for Needy Families, Supplemental Nutrition Assistance and General Assistance, and MaineCare. Prior to joining the Baldacci administration, Geoffrey worked for the Central Maine Power Company as Manager of Consumer, Regulatory and Competitive Market Services. Other positions at Central Maine Power included Manager of Revenue Operations and Director of Consumer Affairs. Geoff has also served as Executive Director of York County Community Action Corporation. Geoffrey earned a Bachelor of Science degree in Community Leadership and Development from Springfield College and a Master s Degree in Business Administration from Nasson College.

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