William W Hughes, Jr.

Mr. Hughes is a graduate of the University of Southern California, where he earned a Bachelor of Science degree in Business Administration and a J.D. degree in Law. Since 1963, Mr. Hughes has been involved in the real estate development business. His career has included involvement in the Real Estate Departments of Security First National Bank and Vons Grocery Company with responsibilities in location search, market analysis and lease/purchase negotiations. In 1967, he joined E. F. McDonald Shopping Bag Food Stores as Manager, Real Estate Division, and Attorney, where his responsibilities included development of company properties, lease/sale negotiations and legal documentation for all real property matters. Mr. Hughes joined Santa Anita Development Company, a neighborhood shopping center firm in 1970. Mr. Hughes serves as the Chairman and President of Hughes Investments. In this capacity, he is responsible for the strategic direction of the Company and has direct supervision of all acquisition, development and leasing activities. Mr. Hughes is a member of California Business Properties Association - having served as its President and as Chairman of the Board of the Political Action Committee, Urban Land Institute, the International Council of Shopping Centers, and the National Association of Real Estate Investment Trusts. He is also a member of the California Bar Association (Inactive).