Patrick Mayberry is President of NewTower Trust Company. He oversees all aspects of NewTower and is the Chairman of NewTower's Trust Real Estate Investment Committee (TREIC). TREIC is responsible for the approval of all real estate acquisitions and dispositions. Mr. Mayberry is also a member of the Fund's Policy Board. He has over thirty years of experience in commercial and residential real estate investments, including national and regional experience in the investment, development, financing and management of diversified real estate portfolios. Prior to joining NewTower, Mr. Mayberry led the Institutional Trust Real Estate Division of MEPT's former trustee, Riggs Bank, for fourteen years where he was responsible for determining investment strategies, chairing the investment committee, executing the asset management process, managing all operational aspects, and overseeing the appraisal and valuation process. He was also responsible for the smooth transition of the Riggs team to NewTower to ensure business continuity and knowledge transfer. Previously, Mr. Mayberry managed a Fortune 500 corporation's real estate interests in Washington D.C., where he was responsible for acquisitions, development, asset management and dispositions of residential subdivisions, suburban office buildings and neighborhood retail centers. Mr. Mayberry is a graduate of the University of Texas at Austin. He is a member of the Counselors of Real Estate, Pension Real Estate Association (PREA) and National Council of Real Estate Investment Fiduciaries (NCREIF).

Landon Butler is Co-Chairman of the Board of Directors of NewTower Trust Company. He is President and CEO of Landon Butler & Company, LP (LBC), a firm providing investor relations services to MEPT and several other investment funds developed to meet the needs of multi-employer and public employee pension funds. He co-founded MEPT in 1982, and he serves on the Policy Board. He is also Chairman of the Board of Directors of The Shakespeare Theatre and a board member of The Black Student Fund and In2Books. Mr. Butler served as Deputy to the Chief of Staff in the Carter administration, 1977 - 1981. He was responsible for coordinating the Panama Canal and SALT II Treaties ratification efforts, and liaising with organized labor. He was also President of his own housing development company in Atlanta, Georgia and has experience in mortgage banking and resort development. Mr. Butler is a graduate of Harvard Business School and he has published articles in Newsweek and The New Republic, and frequently speaks on the subject of economically targeted investments.

Jim Snyder is Co-Chairman of the Board of Directors of NewTower Trust Company. He is President and co-founder of Kennedy Associates Real Estate Counsel, LP (Kennedy) and is a member of the Policy Board. He is responsible for managing the strategic direction of the company and implementing the investment strategy for all funds and separate accounts. He has created a variety of portfolio investment strategies, and has been responsible for investing pension fund assets of over $8 billion throughout the U.S since 1978. Mr. Snyder is a co-founder and member of the Pension Real Estate Association (PREA) as well as a member of other organizations including: the Texas Bar Association; Urban Land Institution (ULI); National Association of Industrial and Office Properties (NAIOP); Real Estate Roundtable, and National Association of Real Estate Investment Managers (NAREIM). He received his Juris Doctorate from the University of Texas School of Law and degrees in Accounting and Finance from the University of Colorado.

Paul Allan Schott serves as Chairman of NewTower’s Compliance Committee.  He is an attorney in private practice in Washington, D.C., and provides anti-money laundering consulting services to the World Bank. He has a national reputation in the financial services industry, having held a series of increasingly responsible positions in the federal government, from Senior Attorney at the Board of Governors of the Federal Reserve System, to Assistant General Counsel for Banking and Finance at the U.S. Treasury Department, to Chief Counsel of the Office of the Comptroller of the Currency. Mr. Schott was a consulting partner in the bank regulatory advisory practice at PricewaterhouseCoopers and its predecessor, Coopers & Lybrand, where he served as National Director for Bank Regulatory Services.  In addition, he has authored books on anti-money laundering and the federal regulation of bank holding companies and published numerous articles.  Mr. Schott received his B.A. from Kent State University, his J.D. from Boston University School of Law and his LLM from Georgetown University Law Center.

Webb Hayes is Chairman of NewTower’s Trust Investment Committee and is Senior Managing Director of the Private Wealth Management Group of Friedman, Billings, Ramsey & Co., in Arlington, Virginia.  Mr. Hayes is also Director of CERBCO, Inc. and Insituform East, Inc., both headquartered in Landover, MD, is Chairman of FBR National Bank and Trust, a limited purpose, non-depository national trust company subsidiary of Friedman, Billings Ramsey.  Mr. Hayes also served as Director of the Federal Reserve Bank of Richmond from 1991 to 1995.  He received an executive management degree from Columbia University School of Business, and his B.A. from the University of North Carolina.

Daniel W. Toohey chairs NewTower’s Trust Audit Committee. He currently conducts a nation-wide practice in Executive/Leadership coaching. He is a lawyer with over forty years of experience in government and private practice and served for seven years as the Managing Partner of Dow, Lohnes & Albertson, a Washington D.C.-based law firm with an extensive financial services practice.  He has lectured and written extensively on telecommunications and intellectual property law. Since 1991 he has served as an independent Director of the Bureau of National Affairs, Inc. (“BNA”), a major specialized information publishing company.  As a Director of BNA, Mr. Toohey served two terms as Audit Committee Chair from 1994 to 1996 and from 1998 to 2004.  At BNA he now serves as a member of the Audit Committee, Chair of the Corporate Governance Committee, and as a member of the Executive Compensation Committee.  He has been the Vice Chair, General Counsel and Trustee of the Shakespeare Theatre in Washington D.C. since 1987. In addition, Mr. Toohey was a Director and General Counsel of the Greater Washington Board of Trade from 1992 to 1998 and a member of the Federal City Council’s Executive Committee during that period of time.  He received his A.B. and J.D. degrees from St. Louis University.

Michael Cardozo is Director of NewTower and is Managing Director of G. William Miller & Co, Inc, a merchant banking firm. He also currently serves as Director of three corporations and three private foundations. He has a long record of business and public service. He was a Trustee and Executive Director of the Presidential Legal Expense Trust from 1994 – 1997, Assistant to the Attorney General, United States Department of Justice, January-April, 1993, Senior Associate Counsel and then Deputy Counsel to the President of the United States, during the Carter Administration, and an attorney in private practice.