Bill Ramseyer

INDEPENDENT DIRECTOR FOR JP MORGAN RE INCOME TRUST

Mr. Ramseyer serves on the Strategic Advisory Board for Factor Strategic Partners, bringing over 60 years of real estate industry experience in institutional investing, consulting, and capital raising.

Mr. Ramseyer currently serves as the lead Independent Director for JP Morgan Real Estate Income Trust (JPMREIT). Following retirement in 2008, Mr. Ramseyer has served as an advisor to numerous real estate investment management organizations, focusing on the refinement of investment and growth strategies. Previously, Mr. Ramseyer served as a Managing Director of Cornerstone Real Estate Advisers (“Cornerstone”) from January 2001 to March 2008, where he served as a member of the Investment Committee and Co-Manager of the Business Development Group. Prior to joining Cornerstone, Mr. Ramseyer was a Managing Director at Heitman/JMB and Chairman of its real estate securities group. Mr. Ramseyer has extensive experience in the institutional real estate management business, beginning as a Co-Founder of Pension Realty Advisors, an investment consulting firm that provided real estate advisory services to institutional investors, including corporate pension plans, public employee retirement systems, endowments, and foundations.

Mr. Ramseyer is a member of the Counselors of Real Estate, where he served as Chairman in 2003. He also served as Chairman of PREA in 1990. Mr. Ramseyer holds a B.A. in Business Administration from the University of Puget Sound and completed the Advanced Management Program at Harvard Business School.