Jeffrey
H. Lynford, age 56, has been the Chairman of the Board and a director
of WRP since its formation in January 1997. Mr. Lynford was also elected
to the offices of President and Chief Executive Officer effective April
1, 2002. Mr. Lynford also served as Chief Financial Officer of WRP from
June 2000 until December 2000 and was WRPs Secretary from January
1997 to March 2002. Mr. Lynford served as the Chairman of the Board
and Secretary of Wellsford Residential Property Trust from its formation
in July 1992 until consummation of its merger in May 1997 with EQR,
a real estate investment trust, or REIT, that owns and operates residential
properties. Mr. Lynford was the Chief Financial Officer of Wellsford
Residential Property Trust from July 1992 until December 1994. Mr. Lynford
currently serves as a trustee of Polytechnic University, Caramoor Center
for Music and the Arts and is a trustee emeritus of the National Trust
for Historic Preservation.
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