Ann Sperling Biography and Net Worth

Ann Sperling, age 66, has served as a member of our Board since the consummation of the Business Combination. Ms. Sperling has over 39 years of real estate and management experience, including roles in commercial real estate investment and development and leadership roles in public real estate companies. From May 2018 until its spinout of Apartment Income REIT (NYSE: AIRC), she served as a director of Apartment Investment and Management Company (NYSE: AIV) and was Chairman of the Development and Redevelopment Committee. She is now a Director of AIRC, and currently serves as the Chairman of AIRC’s Nominating and Corporate Responsibility Committee and as a member of AIRC’s Audit Committee and its HR and Compensation Committee, which she chaired in 2021. From October 2013 through December 2021, Ms. Sperling also served as Senior Director of Trammell Crow Company, the development subsidiary of the public company, CBRE, focusing on the capitalization and execution of new commercial developments. Ms. Sperling retired from her position as Senior Director of Trammell Crow Company at the end of 2021 and now serves in an advisory role. From October 2009 through May 2013, she served in two roles at Jones Lang LaSalle, the public real estate investment and services firm, first as Chief Operating Officer, Americas, and then as President, Markets West. As COO, she oversaw operations, finance, marketing, research, legal and engineering and served on the governance focused Global Operating Committee. From October 2007 through June 2009, Ms. Sperling was Managing Director of Catellus, then a mixed-use development and investment subsidiary of the public REIT, ProLogis, where she was responsible for operations, finance and marketing, prior to this subsidiary’s preparation for sale. Previously, between 1982 and 2006, Ms. Sperling held a variety of roles at the public development and services firm, Trammell Crow Company, the last of which was as Senior Managing Director and Area Director, responsible for all facets of operations, finance, transactions and marketing for the Rocky Mountain Region, prior to the firm’s merger with CBRE in 2006. Ms. Sperling serves on the Advisory Board of Cadence Capital and the Gates Center for Regenerative Medicine. Ms. Sperling holds a Bachelors of Science in Biology and Psychology from Tufts University, and a Master of Business Administration from the Harvard School of Business. We believe that Ms. Sperling’s extensive real estate investment and development, operations, marketing, and finance experience make her well qualified to serve as a member of our Board.