Ceres Realty Fund

For the past six years, Mr. Godbout has been the Managing Partner overseeing the investment committee, portfolio management and disposition decisions for Ceres Realty Fund, a vehicle for high net worth and family office investors with a geographic focus on the Boston-Washington D.C. corridor. Under his leadership, Ceres Realty Fund has delivered a 40% gross IRR and over 2x return on equity to date.

Previously, he has executed real estate transactions totaling more than $2.5 billion on behalf of leading investment banks, corporate investors, public pension plans, endowment funds, private trusts, and high net-worth individuals. He was Executive Vice President for US Realty Advisors executing corporate sale-leaseback transactions and worked at Fleet Financial Group through its acquisition from the FDIC of the Bank of New England, where he managed a $500 million workout portfolio of complex nonperforming assets and real estate loans.

Mr. Godbout is a graduate of Boston University. He is a member of the International Council of Shopping Centers (ICSC), has served on the board of the Building Owners and Managers Association (BOMA) and is currently Chair of the Crossroads Initiative for the Boston Redevelopment Authority and board member of A Better City.

Mr. Clairmont is a notable investor with a proven track record. His responsibilities at Ceres Realty Fund include securing fund investors, developing strategic plans, and leading the company's capital market activities. After launching his career at Citibank, he formed the Clairvest Corporation, an investment firm that currently manages assets exceeding $90 million. In addition to Ceres I, he has been a general partner in owning and creating 14 different residential properties with approximately 3,000 apartments. An investor in public and private companies, Mr. Clairmont also has served on several corporate boards. His investments have included Insignia Financial Group, apparel manufacturer Quicksilver, Tulsa-based Hawkins Oil and Gas, and Signal Apparel Co., Inc., an undervalued manufacturer whose share value was greatly enhanced under his leadership. He is a graduate of Swarthmore College, and he received his Masters Degree from Columbia Business School. His activities have been reported in major business publications and he has appeared on several radio and television programs. He also is the co-author of Street Smart Investing, a Fortune magazine book club selection.