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Edward Lowenthal, age 67, has been a director of Reis since the formation of its predecessor, Wellsford Real Properties, Inc. ("Wellsford"), in January 1997, and has been Chairman of the Board of Reis since November 2010. Mr. Lowenthal is Co-Managing Partner of Wellsford Strategic Partners LLC, a real estate investment vehicle formed to continue the private investment activity of Wellsford founders and investors, since 2008, and President of Ackerman Management LLC, a real estate advisory and investment firm, since 2002. He served as the President and Chief Executive Officer of Wellsford from its formation until his retirement on March 31, 2002. Mr. Lowenthal served as a director of the predecessor to Reis Services, LLC from 2000 through the May 2007 merger of Reis and Reis Services. He served as the President and Chief Executive Officer and as a Trustee of Wellsford's former parent, Wellsford Residential Property Trust, from its formation in July 1992 until the consummation of its merger with Equity Residential ("EQR") in May 1997. Mr. Lowenthal served as a director of EQR from the time of the merger through 2003. He currently serves as a director of Omega Healthcare Investors, Inc., a healthcare real estate investment trust, or REIT, American Campus Communities, Inc., a student housing REIT, and Homex Development Corp., a Mexican home builder. Mr. Lowenthal is the non-executive Chairman of the Board of Tiburon Lockers, Inc., a private company that owns and operates concession rental lockers. He is also a Trustee of the Manhattan School of Music. The board has concluded that Mr. Lowenthal should serve on the board based on his industry experience developed through his service on the Private Reis board (prior to the Merger) and the Reis board following the Merger, and his extensive public company board experience.
Thomas J. Clarke Jr., age 55, has been a director of Reis since September 2010. Mr. Clarke has served as the Chief Executive Officer of Weiss Group, LLC, a leading provider of independent research, since July 2010. From 1999 through 2009, Mr. Clarke served as Chief Executive Officer of TheStreet.com, Inc., a financial media company. From 2002 through 2008, he also served as Chairman of TheStreet.com. From 1998 through 1999, Mr. Clarke served as President of Thomson Financial Investor Relations, following the acquisition of Technimetrics, Inc. by Thomson Financial. From 1984 through 1998, Mr. Clarke served in executive positions of increasing responsibility at Technimetrics, a global information company, rising to Chief Executive Officer from 1992 through the company's sale in 1998. From 1980 through 1984, Mr. Clarke served as Operations Manager for McAuto Systems Group, Inc., a Medicaid billing processor. Mr. Clarke currently serves on the boards of LiveDeal, Inc., a provider of local customer acquisition services for small businesses, and Standing Stone, Inc., developers of disease state management solutions. He is also a mentor to students at Columbia University involved in the Executive Masters Program focusing on technology. Mr. Clarke received a bachelor of science degree in marketing from St. John's University and a master's degree in business administration from Hofstra University. The board has concluded that Mr. Clarke should serve on the board based on his extensive operating and strategic experience as a senior executive in the information services industry.
Michael J. Del Giudice, age 69, has been a director of Reis since May 2007. Mr. Del Giudice founded and has served as a Senior Managing Director of Millennium Capital Markets LLC, which specializes in advising and financing corporate, energy, real estate and investment management clients, since 1996. He has also been the Chairman and Managing Director of Rockland Capital Energy Investments LLC, a company which acquires and restructures independent power projects in North America and Europe, since 2003. Previously, Mr. Del Giudice was a General Partner at Lazard Frères & Co. LLC, and served as Secretary to the Governor of New York State, as well as Chief of Staff to the New York State Assembly Speaker. In addition, he serves as the Lead Independent Director of Consolidated Edison Inc., Vice Chairman of the Board of Trustees of the New York Racing Association and Chairman of the Governor's Committee on Scholastic Achievement, an educational non-profit group. Mr. Del Giudice is also a board member of Fusion Telecommunications International, Inc., and a member of the Board of Advisors of Corinthian Capital Group, LLC, a private investment fund. He was previously a director of Barnes & Noble, Inc. The board has concluded that Mr. Del Giudice should serve on the board based on his extensive investment banking, corporate restructuring, corporate governance and governmental experience.
Meyer "Sandy" Frucher, age 65, has been a director of Reis since June 2000. Mr. Frucher has served as Vice Chairman of The Nasdaq OMX Group since July 2008. He served as Chairman and Chief Executive Officer of the Philadelphia Stock Exchange from June 1998 through the acquisition of the Philadelphia Stock Exchange by The Nasdaq OMX Group in July 2008. From September 1997 through July 2008, Mr. Frucher also served on the Philadelphia Stock Exchange's Board of Governors. From 1988 to 1997, Mr. Frucher was Executive Vice President-Development of Olympia & York Companies (U.S.A.) and coordinated and oversaw all of Olympia & York's development projects in the United States. From 1988 to 1999, Mr. Frucher was Trustee and then Chairman of the New York City School Construction Authority. From 1984 to 1988, he was President and Chief Executive Officer of the Battery Park City Authority. Mr. Frucher serves on the board of The Options Clearing Corporation, the Saratoga Performing Arts Center, the PHLX Foundation and the Battery Park Conservancy. The board has concluded that Mr. Frucher should serve on the board based on his extensive capital markets and corporate finance experience, as well as his expertise in the areas of government/labor relations and strategic planning.
Jonathan Garfield, age 55, has been Executive Vice President and a director of Reis since May 2007. Mr. Garfield was a Co-Founder of Reis's commercial real estate information services business, which is now carried on by Reis Services, LLC. From 1981 through May 2007, Mr. Garfield was Executive Vice President and Secretary, as well as a member of the Board of Directors, of the predecessor to Reis Services. Mr. Garfield created the initial applications and the database which contains Reis's time series data on the property, neighborhood and metropolitan levels. He led the initial transition to electronic delivery of Reis's information products by managing the design, production, testing and maintenance of Reis's flagship product, Reis SE. Mr. Garfield oversaw corporate reporting, including legal, accounting, audit, tax and financing issues, for the predecessor to Reis Services. Mr. Garfield graduated cum laude from Pomona College. The board has concluded that Mr. Garfield should serve on the board based on his extensive experience in information management, database technology and analytical product development, as well as with the real estate markets, developed in his over 30 years with Reis.
Lloyd Lynford, age 55, has been President, Chief Executive Officer and a director of Reis since May 2007. Mr. Lynford was a Co-Founder of Reis's commercial real estate information services business, which is now carried on by Reis Services, LLC. From 1981 through May 2007, Mr. Lynford was the President, Chief Executive Officer and Treasurer, as well as a member of the Board of Directors, of the predecessor to Reis Services. Mr. Lynford served on the board of the Real Estate Research Institute from 1993 to 1997 and served as its President from 1996 to 1997. He has lectured at The Wharton School, Berkeley, MIT, New York University, Columbia University, and Cambridge University. Mr. Lynford graduated magna cum laude from Brown University. The board has concluded that Mr. Lynford should serve on the board based on his extensive expertise in commercial real estate markets and in developing and marketing analytical products to decision makers in the real estate capital markets.
M. Christian Mitchell, age 56, has been a director of Reis since May 2007. Mr. Mitchell has been a member of the Board of Directors of Special Value Opportunities Fund, LLC, a closed-end SEC registered investment company, since 2004, where he is also the designated financial expert and Chairman of the audit committee, as well as a member of the transaction committee. Furthermore, Mr. Mitchell is also an investor in, and has served on the Board of Directors of, First Chicago Bancorp, Inc., a bank holding company in Chicago, Illinois, since 2006. Mr. Mitchell serves on the risk committee, and is the Chair of the audit committee, of First Chicago. Mr. Mitchell was a member of the Board of Directors of Hanmi Financial Corporation (and its wholly-owned subsidiary, Hanmi Bank), a bank serving primarily the Korean-American community, from 2004 through 2007. He was the designated financial expert and Chairman of the audit committee, as well as a member of the finance and planning committee and the compliance committee, of Hanmi Bank. Mr. Mitchell is Vice Chairman of Marshall & Stevens Inc., a national valuation consulting firm, where he has served on the Board of Directors since December 2008. He has also served as a member of the Board of Directors of Grandpoint Capital, a bank holding company in Los Angeles, since March 2010 and he is Chairman of the audit committee. Mr. Mitchell has also served as President of the National Association of Corporate Directors ("NACD"), Southern California Chapter, since 2007 and holds the NACD Certificate of Director Education. He was an adjunct Accounting Professor at the University of Redlands from 2006 through May 2010 and has been a guest lecturer since May 2010. Mr. Mitchell was with Deloitte & Touche LLP from 1977 to 1985 and 1987 to 2003, and served as the National Managing Partner, Mortgage Banking/Finance Companies Practice, from 2001 to 2003. Mr. Mitchell graduated summa cum laude from the University of Alabama. The board has concluded that Mr. Mitchell should serve on the board based on his extensive accounting and finance, banking and real estate finance, and corporate governance experience.
Byron C. Vielehr, age 48, has been a director of Reis since September 2010. Mr. Vielehr is President, D&B North America, a leading source of commercial information and insight on businesses, since June 2011. Previously he served as Dun & Bradstreet's President, Global Risk and Analytic Solutions from November 2009, until June 2011. From 2008 through 2009, he served as President, Sales and Marketing Solutions, and from 2005 through 2008, he served as Chief Information Officer, for Dun & Bradstreet. Prior to joining Dun & Bradstreet, Mr. Vielehr was President and Chief Operating Officer of Northstar Systems International, Inc., an enterprise wealth management technology solutions provider, and previously was Chief Technology Officer of various units of Merrill Lynch, a leading investment bank. Mr. Vielehr received a bachelor's degree from Drexel University and a master's degree in business administration from the University of Pennsylvania's Wharton School. The board has concluded that Mr. Vielehr should serve on the board based on his extensive operating and strategic experience as a senior executive in the information services industry.
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