David Lesser

Mr. Lesser has over 30 years of investment and operational experience in real estate, including real estate acquisitions, management, and financing. In addition, Mr. Lesser has experience building and running public companies. Mr. Lesser sponsored the reverse merger reorganization of a small Real Estate Investment Trust (“REIT”). His firm, Hudson Bay Partners LP, invested $25 million, merged two companies into ARI, and ultimately formed Keystone Property Trust (ticker: KTR). In 2004, KTR was sold to another REIT (ProLogis) for $1.7 Billion. Mr. Lesser served as a Director of the company during its formative building years and was instrumental in getting this transaction off the ground. In addition to serving as a Director for KTR, he has served as Director of Santa Fe Gaming Corp. (a public company). Mr. Lesser currently serves as Chairman and CEO of Power REIT (ticker: PW) and Millennium Investment & Acquisition Company (ticker: SMCG).

Mr. Lesser earned an MBA and a BS in Economics from Cornell University.