Warren D. Fix, Director

Following several years with PriceWaterhouseCoopers where he became a Certified Public Accountant, Mr. Fix joined The Irvine Company in 1964 during its initial development phase. He was one of the initial team of ten professionals hired to initiate the development of a 125,000-acre land asset located in Orange County, California. During his 25-year career, The Irvine Company became one of the nation’s most prestigious and profitable real estate companies. The Irvine Company developed residential property, for-sale housing, apartments, commercial, industrial, retail, hotel, cablevision and other land related uses. He held various executive positions including Chief Financial Officer and had operational responsibility for several significant operating divisions. He served as a member of the Executive Committee of the Board of Directors. During his tenure he orchestrated two substantial financing transactions involving major changes in ownership positions of the Company. He also served as a board member and treasurer of the Irvine Ranch Water District, a state-of-the-art provider of water and wastewater services for Irvine Company properties. In 1989, Mr. Fix left The Irvine Company to become President of the Pacific Company. The Pacific Company was the parent of Woodcrest Homes (now part of Hovanian Homes). Mr. Fix was responsible for the development, acquisition and management of an apartment portfolio comprising in excess of 3,000 units. Since 1992 Mr. Fix has been, and continues as, an active partner in the Contrarian Group, a private investment and management company headed by Peter Ueberroth. In that capacity, he coordinated several investment strategies in the hospitality industry primarily with Doubletree Corporation, Promus Hotel Corporation and Hilton Hotels. In 1996, as part of his role with the Contrarian Group, Mr. Fix formed Candlewood Hotel Company with the founder of the Residence Inns, now owned by Marriott Corporation. Mr. Fix relocated to Kansas and oversaw the development of a chain of extended stay hotels. Mr. Fix directed the initial public offering of Candlewood in 1996 and raised over $150 million in equity capital and over $750 million of debt to support the development of hotels. Candlewood developed 117 properties aggregating 13,300 rooms. Mr. Fix served on the board of directors and in various executive capacities including Chief Financial Officer. In 2003, most of the assets of Candlewood were sold to Intercontinental Hotel Corporation and Hospitality Properties Trust. Mr. Fix managed the five yearlong dissolution of the corporation as Chief Executive Officer. Mr. Fix serves on the Board of Directors of the Clark Investment Group. Mr. Fix is an active participant and investor. This firm was established in 1965 and provides equity capital to small and medium size real estate developers, investors and businesses on a national basis. Mr. Fix currently is a member of the Board of Directors of Healthcare Trust of America. He previously served on the Board of Directors of numerous public and private companies. He served as Chairman of the California Taxpayers Association, a 1500 member group of businesses, which lobbies legislation in the State of California. As a board member of the National Realty Committee, he was co-chairman of the Tax Policy Committee. He is an active investor in a number of enterprises. Mr. Fix received his BA from Claremont McKenna College and is a graduate of the UCLA Executive Management Program, the Stanford Financial Management Program and the UCLA Anderson Corporate Director Program. He is a member of the Financial Executives Institute and the Urban Land Institute. He and his wife, Sherry, reside in Newport Beach, California.