<p align="left"><i>Managing Partner</i></p>
<p align="left">Clifford (“Kip”) Lord joined the predecessor company, Pacifica Capital Group, in 1995 and was actively involved as a lead partner in the acquisitions and asset management of the firm’s 4 million square foot Southern California commercial real estate portfolio.</p>
<p align="left">In 1998 Mr. Lord founded Pacifica Capital Gestion, a Madrid, Spain based affiliate investing in industrial, office and retail real estate in Spain.  In a partnership with Apollo and via a complex land assemblage, the firm entitled 200 acres of raw industrially zoned land for mixed-use development in the City of Madrid between 2000 and 2008.  Mr. Lord continues to serve as Managing Partner and oversees the real estate and private equity interests in Europe.</p>
<p align="left">In 2006, Mr. Lord secured exclusive franchise rights to Kentucky Fried Chicken in Madrid, Spain.  Through successful execution of its business plan, Mr. Lord sold the franchise rights to Yum Brands in 2007.</p>
<p align="left">Mr. Lord has been active in real estate investment and development since 1985. From 1985 to 1995, Mr. Lord served as an officer of Hollingsworth &amp; Lord, Inc., a real estate investment and mortgage banking company. At the time of the company’s sale in 1995, its mortgage originations totaled over $100 million per year.</p>
<p align="left">Mr. Lord is a graduate of the University of California, Santa Barbara. He attended the University of Madrid in 1977-1978 and speaks fluent Spanish.</p>