Mr. Frary has served as a trustee of Lexington Realty Trust since December 31, 2006. Mr. Frary was previously a director of Newkirk Realty Trust, Inc., which was merged with and into Lexington on December 31, 2006. Mr. Frary is the founding partner and majority shareholder of Tallwood Associates, Inc., a private real estate merchant banking firm, and a partner of Brookwood Financial Partners, L.P., a private equity firm that acquires real estate and invests in private companies. He serves as a director of Nexus Research, Inc., Beresford Inc. and The John Hopkins University, where he is Vice Chairman and serves on the Executive Committee. Mr. Frary previously served on the board of directors of Tarragon Corporation, a publicly traded real estate investment trust.