Americap

Management Team

Scott D. Clark, CEO

Scott Clark's greatest asset as an entrepreneur is his ability to capitalize on the opportunities others
overlook. Currently at the helm of a multi-state, multi-million dollar corporation with a focus on residential land investment, land development and development advisory services, professionalism and vision supported his rise to the top during a his twenty-plus year career in the financial markets.

When Scott and long time business partner Don Kirby founded Americap in 1999, their focus was on
providing equity and debt placements to local developers and national home builders. In the process, they built the necessary relationships to begin acquiring their own projects and in 2003 Americap began acquisitions for their own project portfolio. Since its inception, the company has acquired 2200 residential lots. Americap has also prepared over $200,000,000 in structure capital, joint ventures and projects for capital markets, investment and development players.

Scott began his career as an entrepreneur when he and Don founded their own equipment leasing
entity in 1993. The Consummate Group led the industry in marketing directly to equipment end-users.

Mark Rowson, President

In a field where success is predicated upon organization, attention to detail and strong relationships,
Mark Rowson’s career tenure is a testament to his passion for land development and home building.
Mark has considerable experience with major public and private home builders, having served as
Division Controller for Shea Homes; and Division President for high-growth regions within the
portfolios of KB Home, Richmond American Homes, and, most recently, Warmington Residential
California.

Rowson’s demonstrated ability to manage the building process, from securing and mapping land
to improving revenues and inventory turn rates uniquely suit him for the challenges presented by
managing our organization’s rapid growth.

Russell K. Schaeffer, COO, Executive Vice President of Land Acquisition

Russ recently celebrated his 30th year as a Licensed California Real Estate Broker. He brings
invaluable knowledge of the real estate business, and his key contribution is in managing and directing
the day to day operations of Americap Development Partners and our projects. His experience in operations
management spans a wide range of industries similar to Americap’s core businesses; land acquisition
and sales, development, construction and finance.

In the commercial real estate sector, Russ partnered with Bill Foster to found Schaeffer and Foster, Inc.
where he negotiated over 500 lease and sale transactions throughout the San Francisco Bay Area. He also
ran a full-service mortgage brokerage and owned and managed senior housing communities with over
300 employees.

Russ is also a veteran in land development, and heads our land acquisition division. As an
owner/builder and General Contractor since 1986, Russ has developed subdivisions, single family
homes, retail strip centers and office buildings. Some of Russ’ more recent accomplishments include
multi-family senior housing projects in Redding, Citrus Heights and San Leandro. Russ brings a passion
for the development business and years of experience managing projects similar to those Americap is
building today.

Quentin Thompson, Chief Financial Officer

Quentin has over 20 years experience as the VP of Finance and Chief Financial Officer for highly regarded privately held and publicly traded real estate companies. His extensive real estate experience includes acquisition, disposition, development, and asset management, involving single and multifamily residential, retail, commercial and industrial properties. He recently served as the Vice President of Financial Planning for the Greater Los Angeles Division of KB Home where he had financial responsibility for 22 active communities.

While at KB Home his division was recognized by the Los Angeles Business Journal as the largest home builder in Los Angeles County. Quentin obtained his bachelor’s degree in Business Economics from the University of California, Santa Barbara where he graduated magna cum laude. Following graduation he went to work for Deloitte in Los Angeles where he obtained his California CPA license in 1981.

Aidan Barry, Senior Vice President of Community Development

Formerly with Catellus Development group, Mr. Barry has extensive land development and construction experience across Northern California, having managed a joint venture between Shea Homes, Shea Properties and Centex Homes (the goal of this entity was to turn 700 acres on the San Francisco Bay into a thriving mixed-use development) and having served as the Vice President of Construction for the Harbor Bay Isle project (a master-planned community of 1,000 acres of land supporting 3,000 homes and 2 million square feet of commercial office facilities in Alameda, CA).

For five years, Mr. Barry also worked in partnership with the City of Alameda in negotiations with the United States Navy in order to accomplish the transfer of a shuttered Naval Air Station facility to the City of Alameda. Mr. Barry also worked on brownfield developments with The DeSilva Group, a major land development firm based in Dublin, California, focusing on redevelopment opportunities throughout Northern California.

With over 30 years’ experience in the field of title insurance and new home construction, Mr. Vossekuil has proven sales and management experience, accompanied by knowledge and consistent application of client and customer service procedures.

While serving as VP Sales Manager-Builder Division at Chicago Title Company, Mr. Vossekuil’s efforts were key to developing relationships with companies including Pulte Homes, Signature Properties and Ponderosa homes. His efforts improved market share by 39% in a three year period, and produced annual revenues up to $4,000,000.

Joseph Fraser, Senior Vice President of Investor Relations

Visionary… Educator… Legacy Builder…These are words that come to mind when describing Joe Fraser.
Joe joined Americap in 2001, and has made a massive impact in the company since that time. Joe has
demonstrated ability in capital raising, marketing and corporate branding. One of his projects before
joining Americap was successfully raising a two million dollar angel investment for an internet start up,
and securing the sixteen million dollars in venture capital to fund continued operation. Joe’s true passion
is sharing the many opportunities available to investors who are willing to disregard media hype and look
for sound investments in land and real estate.

Joe’s drive and discipline have served him well in his highly successful business ventures, from military
service as a young man to building investment networks and securing capital placements for multiple land
development projects. Joe is a truly compelling public speaker, with a deep understanding of the ins and
outs of land development, real estate and general business practices. With a career spanning over two
decades and multiple industries, his passion and skill for finding the right partners, setting correct
expectations and guiding growth is extraordinary.

Russell Erickson, VP of Investor Relations / Treasury

Mr. Erickson is a finance executive who brings over 25 years of expertise in real estate and business development, financial analysis, legal compliance and strategic planning to Americap’s Investor Relations division. He is a results-oriented leader with strong communication skills who has built solid relationships throughout the lending community. 

Before becoming the Chief Financial Officer for Realty Investments/KSK Property Management, Inc, Russell held senior management positions at the St. Frances Yacht Club, Auberge Resorts, Larkspur Hospitality, Tamalpais Hotel Services, IDG Resorts, and Trust House Forte hotels. 

Russell is a graduate of San Diego State University. He has earned the CHAE and CHTP designations from the organization of Hospitality Financial and Technology Professionals. 

Russell has contributed to his community by volunteering as treasurer and member of the Board of Directors for the San Francisco International Program, by assisting The Jewish Community Federation’s Budgets and Planning department, and by serving on the Finance Committee of Achievekids.

Thomas Marckwardt, Principal

Tom has more than 20 years of experience dealing with all aspects of mortgage lending. He has traveled
extensively throughout the United States conducting seminars for mortgage professionals, realtors
and financial planners on integrating mortgages with broader aspects of financial planning and wealth
creation. He has also successfully completed 23,000 loans totaling 8.4 billion dollars.

Prior to moving to entering the mortgage world, Tom had an 18 year career with Xerox beginning with
a Field Sales position where he progressed through a series of sales roles before departing as National
Sales Manager in 1988. Tom received his Bachelor of Science degree in marketing from San Diego State
University and spent 3 years in the Navy – including two tours to Vietnam as leader of an amphibious
assault team.

Tracy Anthony, Vice President of Construction

Over the last 28 years, Tracy Anthony (CSLB #714817) has built a legacy of successful projects, spanning
nearly every facet of the construction industry. He specializes in total solution development and construction for single and multi-family residential projects, and has been directly responsible for the construction of 1,300 homes in the last 15 years. Tracy has been responsible for developing a variety of products ranging from entry level production residences and custom homes to mid-rise condominiums and commercial complexes throughout California and Nevada. From architectural planning and development to construction management and close out, Tracy has a rare combination of field experience and business acumen, enabling him to take on any project and bring it home. Tracy is a graduate of UC Berkeley's Architecture Program.

Michael Murphy, Senior Vice President of Asset Management and Development

Michael has directed and managed land development projects for the past 20 plus years and played
an instrumental role in numerous construction initiatives across Northern California. He is an
accomplished professional with proven leadership engaging municipal officials, regulatory agencies
and consultants to devise and execute winning land development strategies, and to secure public
and municipal approval for key initiatives.

Michael has had the unique experience of being both a land developer and a planning and engineering consultant. He has served as a Senior Project Manager and Forward Planner for DR Horton, Inc. for two master planned communities which included 760 units. He was Vice President and Operations Manager for David Evans and Associates overseeing a team of 60 planning, engineering, project and administrative professionals across two locations. As a land development professional with a strong history of effective leadership initiating, assessing and executing land development projects he understands and possesses attributes necessary to succeed in optimizing the return on project investment.

Michael received his Bachelor of Science degree from San Diego State University and holds credentials as a Registered Professional Engineer in the state of California. He is a member of the American Society of Civil Engineers (ASCE) and the United States Green Building Council (USGBC).

David Day, PE / MBA, Vice President of Project Development

David Day’s career history speaks to his holistic approach to land development. He has served in nearly every sector of the industry, and seen multiple projects through the acquisition, development and construction process. From large scale wetlands mitigation to the reconstruction of waterfront areas, Day’s projects are characterized by an innovative and environmentally conscious approach to any development challenge. Some of his most recent residential and mixed-use projects include the Bayport Alameda Project, Encinal Terminals and the Grand Marina Village, all located in Alameda, CA.
His experience with large scale public utilities and public works projects is also unparalleled, having worked in various capacities on projects including the Hyperion Treatment Plant in Los Angeles; BART’s Pittsburgh-Antioch Extension Project; a seismic retrofit of the Interestate-280 viaduct; the design, bidding and construction of seven major interstate bridge projects in Alameda County; and the design and management of infrastructure construction for the Mission Bay development in San Francisco.

Day received is MBA from UCLA with a Real Estate Development emphasis and his BS in Civil Engineering from California State University, Chico.

William Guinn, Senior Vice President of Operations

Mr. Guinn’s 20 year career spans some of the biggest names in the building industry, including DR Horton and Richmond American Homes. His experience in coordinating the daily activities and the interaction of land development, on-site and off-site purchasing, project management field operations and customer service management allowed him to deliver up to 800 homes annually. Mr. Guinn is also a licensed contractor in California.

Mike Bedker, Vice President of Land Acquisition and Development

Mike Bedker’s extensive and diverse background in the development and construction industry includes land acquisitions, building acquisitions, forward planning, architecture, engineering, development, and project management of over two hundred twenty projects, including multi-family (Section 8 and/or HUD projects), single-family residential and mixed use PUD’s totaling approx. 8,400 units with budgets from five hundred thousand to two hundred million dollars.

Mike spent 18 years as President of Land Based R&D Corp., during which time he was responsible for the pre development or development of about 3,700 custom, semi-custom and multi-family residential and mixed use units in six states. The development process included direction and supervision of land acquisition, processing of entitlements for various land uses, product design horizontal development, building construction, and marketing and sale of finished units.

Much of Mike’s career was spent as the senior land acquisition executive with The Meyers Group and The Muller Group in Washington and Arizona, and more recently, with Pacific West Companies in Nevada.  In these positions, he led teams of up to 32 members in several states in identifying and evaluating land for development, which included market studies, due diligence and feasibility analyses. He directed the process of obtaining entitlements, dealing with many diverse government agencies, including city councils, county boards of supervisors, planning commissions, Army Corps of Engineers, the Department of Fish and Game and the Sierra Club.

Bob Selders, Director of Project Development

With over thirty-five years of experience in both public and private sectors, Bob Selders brings a wealth of
knowledge and relationships to the Americap team. Bob started his career at the City of Oxnard serving as
an Assistant Planner, and was quickly promoted to Associate Planner in charge of special studies and
neighborhood development. He then moved to the City of Brentwood where he served as the Planning
Director, as well as an interim Assistant City manager. He was instrumental in the preparation and adoption
of a new General Plan, Redevelopment Plan, and zoning ordinance management for the city.

After serving in the public sector for over fifteen years, Bob transitioned into private development,
eventually becoming the Vice President of Forward Planning for D.R. Horton. His accomplishments in the
private sector are considerable, and include the management of a planning team in charge of the entitlements, due diligence and project management of eighty Northern California residential projects ranging from forty to seven hundred lots. He has also processed entitlements for a variety of commercial, industrial and office properties, including—most recently—a sixteen acre light industrial mixed use project and a forty-three acre industrial park. He has also been instrumental in the negotiation of several mergers
between private development firms.

Bob received his Bachelor of Science degree in Urban Planning from California State Polytechnic
University in Pomona, California.

Derek Spalding, Vice President of Land Acquisition

Derek Spalding is currently heading Americap's acquisition efforts in the Sacramento and Central Valley of California. He has extensive experience in these areas, having managed residential development and construction projects there since 1993.

Derek’s considerable experience in land acquisition and forward planning is complemented by his considerable research and due diligence capabilities. As Manager of Land Acquisition at KB Home and Vice President of Land Acquisition at DR Horton, he has been instrumental in the acquisition and development of over 3750 lots in the region, managing projects from preliminary research, financial and market analysis as well as providing strategies for project segmentation, market capture and product recommendations.

Derek began his career as a construction superintendant for KB Home. The experience of performing over
100 homebuyer walk-through orientations solidified Derek’s emphasis on the homebuyer, even from the earliest phases of development. His passion for acquisition, development and end user experience are a true asset to the Land Acquisition division.

Derek obtained his Bachelor of Science in Construction Management from California Polytechnic University
in San Louis Obispo, California.

Donald Kirby, Senior Vice President of Sales and Community Relations

Tenacity and determination characterize Don Kirby’s approach to every situation. His skills as an
entrepreneur, organizer and team leader are second to none, and he is a main force in keeping our
communities on track. Don is currently responsible for the overall sales and marketing of our projects,
negotiating key relationships, engaging jurisdictions and, most importantly, managing the hundreds of
components necessary to keep sales moving in today’s climate. His efforts are visible in the sales of one of our current communities, The Chanslor Place.

He spent ten years in the corporate world before founding The Consummate Group with Scott Clark in
1993, and over the years their business partnership has proven very successful. Under Don’s leadership,
The Consummate Group's revenues grew over 1000%. Through industry changes, geographic relocations and market fluctuations, he has remained a steadfast market leader with the vision and the ability to bring Americap Development Partners to national eminence.

Advisory Board

Don Benioff

Don was recently the CFO of the Grupe Company and was instrumental in guiding that company
through a series of growth phases. Don was responsible for the operational aspects of the company,
overseeing cash and risk management, IT systems, finance, accounting, H.R. and Legal as well as asset
management and property management. He also managed the acquisition of income producing properties
such as apartments and self-storage.

In addition to his CFO experiences, Don brings years of experience in the real estate banking industry
(Union Bank in L.A. and San Francisco). As the head of the bank’s Real Estate lending practice, he oversaw
5 regions in Northern California and the International Real Estate Department in Hong Kong.
Don holds a Bachelor Degree in Diplomacy and World Affairs from Occidental College, a Masters in
Business Administration from UCLA, and a Certificate in Financial Management from Stanford University.
Don retired from the U.S. Air Force Reserves in 1990 as a Lieutenant Colonel. His 20 year military
career included a year in Vietnam where he was in charge of all fixed wing medical evacuation throughout
the country.

Thomas Marckwardt

In addition to serving as a principal of the company, Tom is also a member of our advisory board.