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<p align="left"><img class="alignnone size-full wp-image-726" alt="Clifford W. Lord" src="http://www.prgim.com/wp-content/uploads/bios/Lord-bwthumb-200x300.jpg" width="200" height="300" /></a></p>
<p align="left"><b>Clifford W. Lord</b></p>
<p align="left"><i>Managing Partner</i></p>[/column]
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<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, asset management and ultimate disposition of the firm’s 4 million square foot Southern California commercial real estate portfolio.</p>
<p align="left">In 1997, Mr. Lord founded Pacifica Capital Gestion, (“PCG”), a Madrid, Spain based affiliate to invest in Spain.  In 2001, PCG in partnership with Apollo Real Estate and via a complex land assemblage, entitled 200 acres of land for mixed-use development in the City of Madrid. In 2006 PCG in partnership with several municipalities and multiple landowners, assembled four additional projects in Spain totaling 1,400 acres of land zoned for retail and industrial use.  These projects are currently in various stages of entitlement and/or development.</p>
<p align="left">In 2003, Mr. Lord secured the exclusive franchise rights and all the existing company- owned restaurants in Spain from Kentucky Fried Chicken parent, Yum Brands, Inc. After a successful expansion of KFC in Madrid and Barcelona, Mr. Lord sold the company to a Spanish private equity company in 2007. Mr. Lord continues to serve as PCG’s Managing Director and oversees its real estate and private equity interests.</p>
<p align="left">As well as having multiple real estate interests in California, Mr. Lord is an owner/operator of the Alcazar Hotel in Palm Springs California.</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>
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