Richard B Saltzman

Mr. Saltzman is President of Colony Capital, LLC and is based in its New York office. He shares responsibility for the firm's global operations. In particular, Mr. Saltzman guides the strategic planning, acquisition and asset management activities of Colony and oversees new business initiatives. Prior to joining Colony in 2003, Mr. Saltzman spent 24 years in the investment banking business primarily specializing in real estate related businesses and investments. Most recently, he was a Managing Director and Vice Chairman of Merrill Lynch's investment banking division. As a member of the investment banking operating committee, he oversaw the firm's global real estate, hospitality and restaurant businesses. Previously, he also served as Chief Operating Officer of Investment Banking, had responsibility for Merrill Lynch's Global Leveraged Finance business, and was also responsible for various real estate related principal investments including the Zell/Merrill Lynch series of funds which acquired more than $3.0 billion of commercial real estate assets and where Mr. Saltzman was a member of the investment committee. Mr. Saltzman serves on the Board of Directors of Kimco Realty Corporation (NYSE: KIM). He is on the Board of Directors of the Real Estate Roundtable. Previously, he was a Trustee and Treasurer of the Pension Real Estate Association, a Trustee of the Urban Land Institute, a Director of the Association of Foreign Investors in Real Estate, a Vice Chairman of the National Realty Committee ("NRC"), a past Chairman of the NRC Real Estate Capital Policy Advisory Committee, and a Member of the Board of Governors of the National Association of Real Estate Investment Trusts. Mr. Saltzman received his B.A. from Swarthmore College in 1977 and an M.S. in Industrial Administration from Carnegie Mellon University in 1979.