Executive Team Rappaport

Mr. Rappaport is Principal Partner for approximately 4.5 million square feet of the shopping centers managed by Rappaport. A former Chairman and Trustee of the International Council of Shopping Centers, Mr. Rappaport is the only Chairman to date to hold all five ICSC designations, CRX, CMD, CSM, CLS and CDP. He has served on ICSC’s Executive, Executive Compensation, Nominating, Government Relations, Long Range Planning and PAC committees. Mr. Rappaport continues to lobby at the state and federal government levels on many issues important to the shopping center industry.

Mr. Rappaport is committed to sharing his knowledge and experience as an entrepreneur and has authored “Investing in Retail Properties,” which explains how to structure real estate partnerships for sharing capital appreciation and cash flow. The information contained in the book is the basis for classes he teaches for ICSC’s University of Shopping Centers and as an annual guest instructor at Johns Hopkins, Georgetown, American and George Mason Universities as well as the University of Michigan and Georgetown Law Schools.

Henry joined Rappaport as Executive Vice President in 2005 and served in this capacity until he was named President in 2012. Under his leadership, Rappaport leasing and brokerage portfolio has increased from 35 to 132 properties, while still maintaining close-knit relationships within the firm and with clients.

Henry has more than 20 years experience in commercial real estate. At Charles E. Smith Commercial Realty he served as Senior Vice President and as the Department Head for the Retail Division. He has vast experience with many different retail types, including urban, mixed-use, neighborhood, lifestyle and power centers. Projects completed under Henry's direction include: 1140 Connecticut Avenue,1666 K Street, Crystal City Redevelopment, Fairfax Square Luxury Retail, Bristow Center and the largest power center inside the Capital Beltway - Potomac Yard Center.

He holds a Certified Commercial Investment Member (CCIM) designation and is active in the International Council of Shopping Centers, serving as Co-Chair of the Mid-Atlantic Conference and Deal-Making Committee. Henry also serves on the Commercial and Retail Development Council for the Urban Land Institute. In addition, he is a member of the Foundation Board at Children's National Medical Center, the Board of the Washington Tennis and Education Foundation, the Board of the Washington, D.C. Economic Partnership and the Board of Directors for the Greater Washington Commercial Association of Realtors.

In addition to company operations, Stephen also works closely with the financing team to oversee loan procurement, capital strategies and investor relations. Most recently, he has overseen the real estate receivership and lender REO management activities for Rappaport, including working with courts, owners and lenders to oversee the development of short-term tactical plans and long-term strategic plans to maximize asset values.

Prior to joining Rappaport, Stephen served as Vice President and Chief Operating Officer for the National Automobile Dealers Association where he ran the Official Used Car Guide Company. His background includes 15 years of experience in real estate, where he held positions in finance with Charles E. Smith Realty and The Buchanan Companies. He also has extensive operations and business consulting experience with technology and eCommerce firms in the automotive and other industries. Stephen was a Controller at Rappaport from 1993 to 1998, and re-joined the company in 2006 as Chief Operating Officer.

He holds a B.B.A. degree in Accounting & Finance from Radford University in Virginia and is a Certified Public Accountant and Certified Information Technology Professional. Stephen is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants. He is also an Associate Member of the International Council of Shopping Centers (ICSC).

In addition, Frank provides strategic financial direction and assists in the development of tactical business growth plans for Rappaport. Prior to joining Rappaport, Frank was Senior Vice President of Accounting Services for Republic Property Trust, a publicly traded commercial real estate investment company and Chief Financial Officer of Republic Properties Corporation, a commercial office development company. At Republic Property Trust, he was responsible for the financial and accounting aspects of the trust's public offering, which raised $250 million.

Frank has almost 20 years experience in the Washington, D.C. real estate market, working for management and development companies such as Kaempfer Management Services, Cassidy & Pinkard, Ronald Cohen Investments and Hazel/Peterson Companies. He is a Certified Public Accountant and holds a Masters of Science degree in Taxation from George Mason University and a Master of Business Administration from George Washington University. Frank earned his undergraduate degree in Accounting from Virginia Polytechnic Institute and State University.

Larry also supervises the preparation of detailed pro-formas and financial projections using ARGUS Valuation - DCF. His department handles landlord construction and tenant build-out projects, as well as construction management projects for property owners and retail clients. Major projects under Larry's direction include the ground-up development of Bristow Center, a 200,000-square-foot Harris Teeter-anchored shopping center in Manassas, Virginia and the successful rezoning of 34 acres of land in Prince William County, Virginia that will allow for development of up to 500,000 square feet of commercial space.

In addition, Larry is the Managing Partner for Sunrise Shopping Center, a 75,000-square-foot center in Oxon Hill, Maryland he purchased in 2002. The center was 30 percent vacant and suffered from significant deferred maintenance. Through an aggressive redevelopment plan, Larry renovated the center a year later, attracting national tenants such as Subway and Jackson Hewitt. Within 24 months, Larry was able to refinance the center with a 10-year permanent loan and to return 65 percent of the equity contribution to the equity partners.

Larry is an Associate Member of the International Council of Shopping Centers (ICSC) and holds a Senior Construction Development Professional (SCDP) designation. He is ICSC's MD/DC/VA State Director and serves on the CDP Admissions and Governing Committee. Larry has served as the State Operations Chair and on the Mid-Atlantic Idea Exchange Planning Committee.

In addition, Charlotte directs and oversees the day-to-day responsibilities of the Lease Administration and Property Management departments, which handle a portfolio of retail properties totaling more than 9 million square feet and some 1,500 leases. Charlotte brings more than 20 years of real estate experience, holding top-level positions with Jones Lang LaSalle, AvalonBay Communities, Inc., and Cambridge Asset Advisors, L.P. At AvalonBay Communities, she headed the retail division, directing and overseeing leasing, property management, asset management, development and lease administration functions for the retail portfolio. She has experience in office, residential, mixed-use and retail property types.

Charlotte is very active within the real estate industry and currently serves as an instructor for BOMI International, an independent institute for property and facility management education, teaching courses such as "Ethics is Good Business," "Design, Operation and Maintenance of Commercial Buildings," and "Real Estate Finance and Investments," among others. She has also conducted international seminars on real estate development and business parks. Charlotte holds professional designations from the Institute of Real Estate Management, CCIM Institute, BOMI International and the International Council of Shopping Centers.