Delmhorst & Sheehan - Professional Qualifications

EXPERIENCE:	Delmhorst & Sheehan, Inc., New York, NY (since 1991) Principal. Real estate advisory services, including corporate relocations, financial analysis, market studies, strategic studies and sale and lease negotiations.
	Landauer Associates, Inc., New York, NY (1973-1990) Senior Vice President, Manager of Leasing Services Group. General real estate consulting, with emphasis upon purchase, sale and lease negotiations, investment and market analysis, office relocation surveys, residential and commercial property management.
	Ely-Cruikshank Co., Inc., New York, NY (1967-1973) Broker/Property Manager. Sales and leasing of commercial and industrial real estate, management of office, retail and residential properties.
PROFESSIONAL ACTIVITIES:	Member:	American Society of Real Estate Counselors The Real Estate Board of New York, Inc., - Zoning and Design Committee - Grand Central District Rental Conditions Committee International Development Research Council (Master Professional Member)
	Lecturer:	Real Estate Institute, New York University (1983)
	Speaker:	Industrial Development Research Council (1984, 1985 and 1988)
	Author:	"Why Tenant/Landlord Relations are Changing" Industrial Development magazine, January 1985 "Consulting Services Available to Corporations: A Case Study" Industrial Development Magazine, May 1986 "The Manhattan Office Market" Corporate Real Estate Executive magazine, March 1988 "Danbury's Time Has Come" New England Real Estate Journal, February 1997
	License:	Real Estate Broker, New York State
OTHER ACTIVITIES:	Director:	Avenue of the Americas Association, President (1986-1991) Chairman (1991-1997)
	V. Chmn. & Director	YMCA of Greater New York (1984-1990), Chairman, Property Management Committee
	Chairman:	Board of Trustees, First Congressional Church, Old Greenwich (1979), Trustee (1977-1979) Crew Committee, Columbia University (1969-1971)
	Dir./Treas.	Columbia University Club Foundation (since 1979)
	President:	Varsity "C" Club, Columbia University (1976-1978)
EDUCATION:	BA, Columbia College 1960 MBA, Columbia University Graduate School of Business, 1964

EXPERIENCE:	Delmhorst & Sheehan, Inc., New York, NY (since 1991) Principal. Real estate advisory services, including corporate relocations, financial analysis, market studies, strategic studies and sale and lease negotiations.
	Landauer Associates, Inc., New York, NY (1981-1990) Senior Vice President, Marketing & Financial Services Division (1988-1990) Concentration on sale of income-producing properties and development transactions. Vice President, Marketing & Financial Services Division (1984-1988) Concentration on disposition services, with emphasis on development-related activities. Assistant Vice President, Development Services Group (1982-1984) General real estate consulting, with emphasis on development feasibility and implementation services. Associate, Valuation and Technical Services Division (1981-1982) General real estate consulting, with emphasis on market, financial feasibility and site selection studies.
	Town of Greenwich, Connecticut (1977-1981) Assistant Town Planner (1979-1981) Responsible for review of development proposals and zoning questions. Planning Assistant (1977-1979) General planning and zoning activities, including subdivision and site plan review.
PROFESSIONAL ACTIVITIES:	Member:	The Real Estate Board of New York, Inc., Urban Land Institute
	Licenses:	Real Estate Broker: New York, Connecticut
	Author:	Office Market Niche: Suburban Land (1988) Surplus Property As A Corporate Asset (1987) Adverse Trends Create Opportunities For Corporations in the Office Market (1988) Negotiating The Corporate Lease In The Current Environment (1991) The Limits of Outsourcing (1995) Major Properties Office Market Survey and Commentary (Annual) (Fairfield County, Connecticut)
EDUCATION:	MPA Urban and Regional Planning, New York University, 1976 BA History, Fairfield University, 1973