Management Team

Joaquin de Monet PRESIDENT / CHIEF EXECUTIVE OFFICER

Joaquin de Monet is President and CEO of Arden Realty, Inc. a national commercial real estate landlord and GE Capital Real Estate's property services platform. A seasoned builder of growth businesses, Joaquin significantly expanded Arden's portfolio, transforming Arden from a formerly Southern California-based office REIT into a national landlord of office and industrial real estate. In the course of his career as a growth leader, he has arranged and managed over $10 billion of investments.

Joaquin's strategic leadership guided his senior management team in developing Arden into a dynamic, value-add investor and trader with a highly successful strategic capital recycling program that included over $6 billion of real estate transactions in 18 months. Today, he and his leadership team continue to develop Arden into the nation's leading property services company and a premier owner/operator.

Arden currently owns and operates over 28 million square feet of office and industrial real estate comprised of 102 office buildings and 128 industrial properties in major markets throughout the United States. The firm has an innovative corporate culture with a high level of real estate expertise in operations, leasing, finance, property management, tenant outreach, engineering, construction management, market research and sustainability. Arden is also highly regarded as a community-based company with an active volunteer program and a wide range of green initiatives.

Prior to Arden, Joaquin was based in Mexico, first as director of Corporate Accounts for Cushman and Wakefield and then as Managing Director of GE Real Estate's Mexico Operations. During his tenure there, he successfully oversaw a major expansion from $750 million to $3.5 billion in assets by re-focusing the business from predominately structured debt to a fully diversified debt and equity platform, including the largest industrial real estate transaction in Latin America.

Before Mexico, he worked with Chase Manhattan Bank (now JP Morgan Chase) in New York as a Loan Officer as part of their Real Estate Finance Business.

Joaquin is a California native, born and raised in the San Francisco Bay Area. He is a graduate of the University of Southern California.

Scott Lyle CHIEF OPERATING OFFICER

Scott Lyle leads a U.S. national team of real estate professionals in support of Arden Realty's commercial real estate operations. As GE Capital Real Estate's U.S. based property services platform, his team at Arden provides cutting edge operational standards and best practices for the firm's national portfolio of 28 million square feet of office and industrial real estate. In addition, Mr. Lyle oversees the integration and operational implementation of all of Arden's existing and new markets across the U.S.

Mr. Lyle's team is also a dedicated resource in supporting Arden's continued focus on energy efficiency and environmental stewardship. Arden currently operates one of the largest portfolios of Energy Star labeled buildings in the country, resulting in a reduction of the firm's CO2 emissions by more than 30 percent. His team was honored for their environmental achievements as recipients of the Federal EPA's 2006 Partner of the Year Award – marking the fourth year that Arden has held this achievement. Mr. Lyle also provides technical and strategic support on green initiatives for GE Capital Real Estates' global real estate portfolio. Most recently, Mr. Lyle led the Arden team in innovating ArdenACCESS, a remote monitoring, control and demand response system currently in use at 15 GE Capital Real Estate properties, which recently passed GE's rigorous ecomagination certification process.

Mr. Lyle is recognized as a leader in the energy efficiency industry and has been invited to address key government officials by the City of Los Angeles, the State of California, the EPA and the California Energy Commission.

He is currently a Member of the Los Angeles Business Council (LABC) where he was also the founding Chairman of the Energy and Resources Committee.

Iris Almaraz FIRST VICE PRESIDENT - ACCOUNTING

For over eleven years, Iris Almaraz has played a major role in all aspects of financial reporting including SEC reporting, compliance, lease administration and budgeting and forecasting activities. Currently, Ms. Almaraz manages Arden's operational finance and accounting processes. Prior to Arden, Ms. Almaraz was a Senior Auditor with Ernst & Young in its real estate division. As an auditor, she was an integral member of the team that completed Arden's initial public offering. Ms. Almaraz received her bachelor's degree in Business Administration from University of California, Berkeley and is a Certified Public Accountant in the State of California.

Gary Hansel SENIOR VICE PRESIDENT - PORTFOLIO OPERATIONS

Gary Hansel has spent 12 years at Arden Realty, currently as the Senior Vice President of Portfolio Operations providing leadership to the Quality Operations Department, CAM Department, and asset operations. In this role Mr. Hansel collaborates with other functional departments and coordinates with regional operation teams to develop and maintain building operating standards while focusing on rigorous cost-cutting solutions. Since joining Arden in 1998, Mr. Hansel has contributed his expertise in a wide range of positions including Vice President of Operations of Los Angeles, Senior Portfolio Manager for the Howard Hughes Center, and Assistant Controller where he oversaw the CAM and Lease Administration Department. Mr. Hansel has spent 21 years in the Real Estate business, including his work at Cushman & Wakefield as a Portfolio Manager where he managed the Bank of America and GTE/Verizon corporate real estate accounts. He is BOMA certified as an RPA.

Paul King SENIOR VICE PRESIDENT - NATIONAL LEASING MANAGER

Mr. King oversees leasing and operations for Arden's entire Southern portfolio, comprised of approximately 6.5 Million square feet including San Diego, Los Angeles, Orange County, and Arizona. Since 1997, Mr. King has been actively involved in the management of Arden's Leasing and Operations, including oversight of the company's Tenant Improvement Division, Parking Operations Department, Telecom Department, Space Accounting Group, and other disciplines. Mr. King holds a Bachelor of Arts degree in Economics from UCLA. He is a licensed General Contractor in the state of California and a member of the Association of General Contractors. For the last seven years, he has served on the Board of Trustees for the Ronald McDonald House and is a member of the Board of Directors for the San Diego Chapter of the NAIOP.

Brooke Lauter SENIOR VICE PRESIDENT - MARKETING & CORPORATE COMMUNICATIONS

For over 23 years, Ms. Lauter has specialized exclusively in real estate marketing and communications in the United States and overseas. Today, she handles all aspects of Arden's property marketing and corporate communications. Ms. Lauter's expertise spans the full spectrum of Mar-Com services, including project leasing and marketing, corporate branding, strategic public relations and corporate communications for commercial and residential real estate. She has developed and managed in-house ad agencies as well as many corporate marketing divisions. She has also implemented every facet of advertising, marketing, media relations and overall communications for virtually hundreds of successful real estate marketing campaigns globally. Ms. Lauter has a long track record of involvement in a wide range of community and business organizations, including the Executive Board of the Los Angeles Business Council, Westside YMCA and the LAEDC.

Kevin Llamido MASTER BLACK BELT - SIX SIGMA

Mr. Llamido is the Six Sigma Quality Leader at Arden, applying proven and structured improvement methodologies throughout the organization. His focus is on continuous process improvement and increasing operational efficiency. Mr. Llamido works with Arden's leaders to identify, prioritize and solve operational challenges to maximize productivity, while minimizing wasted resources. In 2004, Mr. Llamido joined Arden Realty's next>edge team, developing energy efficiency strategies for commercial properties. As part of corporate operations, he managed a $54M Capital Expenditure program across the portfolio. Mr. Llamido also provided operational budget and due diligence support, resulting in $2.4B of acquisitions. Mr. Llamido holds a Bachelors of Science in Business Administration from the State University of New York at Buffalo. He is a Master Black Belt in Six Sigma Quality Management, a member if the U.S. Green Building Council and a LEED Accredited Professional.