HallKeen Real Estate Management and Investment

Introduction to Principals

Principals

The principals of HallKeen have extensive experience in both multi-family housing and commercial real estate. Throughout their careers, they have demonstrated a high degree of success in the acquisition, development, renovation and management of multi-family and commercial real estate.

Andrew P. Burnes, President and CEO of HallKeen, is responsible for all of the day-to-day activities of HallKeen, including HallKeen Management, HallKeen, LLC and HaIlKeen's assisted living portfolio, New Spring Communities. Mr. Burnes has over twenty-five years of acquisition, development and management experience across a broad spectrum of real estate. During the 1980's Mr. Burnes worked for McNeil & Associates, a mid-sized diversified real estate company based in Westwood, Massachusetts. Mr. Burnes worked as Property Manager for a large mill complex in Fall River, Massachusetts and as Project Manager assembling and permitting large office and industrial projects. Between late 1989 and 1991 Mr. Burnes was responsible for the overall restructuring of the McNeil portfolio with the stabilization of over 60 limited partnerships and approximately $100 million of debt.

After the formation of HallKeen in 1991, Mr. Burnes was primarily responsible for generating new business for HallKeen LLC and the ongoing asset management tasks associated with acquisitions. HallKeen has established a track record for successfully handling complicated affordable housing transactions. The company has acquired a broad range of housing throughout New England, and in North Carolina and Virginia.

In 2003 Mr. Burnes was recognized by the Massachusetts Housing Investment Corporation with an "Excellence in Affordable Housing" award for HaIlKeen's success in the development of Wamsutta Apartments in New Bedford and its major role in the stabilization of the surrounding neighborhood.

Mr. Burnes graduated from Harvard College and the Yale School of Organization and Management. Mr. Burnes has been an active board member with the Dartmouth Natural Resources Trust in Dartmouth Massachusetts on and off for the past 15 years. Mr. Burnes is currently a board member of the Architectural Heritage Foundation in Boston, Massachusetts.

Denison M. Hall is the Managing Member of Hall Investment Holdings, LLC. His thirty-five years in the real estate industry started in the early 1970's with the Rouse Company in Washington, D.C., where he was responsible for mortgage banking services. From 1973 to 1975, Mr. Hall was Vice President of Mitchell Mortgage & Development, Houston, TX. In 1977, he became the Executive Vice President for Greater Boston Development, Inc. now known as Boston Capital Services, Inc., Boston, MA. Under his leadership, the company acquired interests in nearly 25,000 multi-family units. In 1989, he co-founded Hall Properties, Inc., a real estate investment and development firm.

Since 1989, Mr. Hall has focused his attention on the acquisition and development of commercial real estate, both for his own account and for institutional clients. He has substantial experience in the acquisition and development of office, R&D, retail, biotech, industrial, and multi-family properties. Currently, Mr. Hall has interests in 2300 units of affordable housing and a 200,000 SF office portfolio. Through an affiliate of HallKeen LLC, Mr. Hall is also currently involved in a mixed use redevelopment of downtown Winooski, VT. The Winooski project consists of a 900 apace parking garage wrapped by 300 beds of student housing (completed), 213 units of rental housing (under construction), 180 units of condominiums (planned), and 150,000 SF renovation of a historic mill into office/retail space (planned).

Past projects include the acquisition, renovation, and sale of a 400,000SF suburban office campus in Concord, MA; the acquisition, renovation, and sale of a 500,000SF suburban office campus in Marlborough, MA, and the acquisition, renovation and new construction of 300,000 SF biomedical facility in Cambridge, MA. Mr. Hall is a graduate of Yale University.

John L. Hall, II is a co-founder of Hall Properties, Inc. His distinguished career spans thirty years in commercial real estate as both an owner and a developer of marquis projects in New England. Since 1989, his accomplishments have included: office buildings, hotels, multi-family housing medical office buildings, laboratories and industrial facilities. He has worked as a developer and real estate advisor for investors, corporations and major institutions in New England. Prior to Hall Properties, Mr. Hall spent 19 years as executive Vice President of Carpenter & Company, a Cambridge-based development company where he was involved in the development of the Fiduciary Trust Building (175 Federal Street) and the Charles and Hyatt Hotels in Cambridge. He also developed the Ritz Carlton Condominiums. Mr. Hall is also a principal of HallKeen Management, an affordable housing management and development company. A graduate of Boston University, Mr. Hall has served as a Trustee of Children's Hospital, Corporator of Boston Children's Museum, Trustee of Proctor Academy, and a former Chairman of the Board of the Park School. Mr. Hall is a director of the Brookline Bank.