Jefferson Apartment Group

EXECUTIVE TEAM

James A. Butz | President, CEO

James Butz President, CEO of JAGJim Butz is the President and CEO of Jefferson Apartment Group. Mr. Butz leads our Investment Committee, Executive Committee and Advisory Board. He is responsible for strategic planning and growth of the Company and is involved in all operational and investment decisions. He also works with our business leaders to focus on our Company goals and values. Prior to forming Jefferson Apartment Group, Mr. Butz was the President and Managing Partner for JPI East, which encompassed real estate operations within the Mid-Atlantic, New England and Southeast United States JPI offices.

Mr. Butz has over 28 years' experience in the real estate development industry focusing primarily on for-rent and for-sale multifamily communities, and has been responsible for the acquision or development of over 20,000 units. He is a graduate of Southern Methodist University with a BA in Business Administration, Finance and Economics. He is currently on the Executive Committee of the National Multifamily Housing Council and the NAHB Multifamily Leadership Board, a member of ULI and active in a variety of local real estate and charitable organizations. Jim is married and has three children.

Gregory G. Lamb | COO, Partner

Gregory Lamb Executive Vice President, Partner at JAPGreg Lamb is the Chief Operating Officer and Managing Partner at Jefferson Apartment Group. He manages development activities in the four JAG offices located in Orlando, Boston, Philadelphia, and McLean. Mr. Lamb has 24 years of industry experience specializing in luxury garden, mid-rise and high-rise product. Greg's responsibilities include management of all aspects of site acquisition, market research and development. Prior to forming Jefferson Apartment Group, Mr. Lamb served for nine years as Executive Vice President and Regional Managing Partner for JPI East, located in McLean, Virginia.

Prior to joining JPI in 2000, Mr. Lamb served as Vice President of Multifamily Development for KSI Services in Vienna, Virginia, where he specialized in opportunistic acquisitions, rehabilitations and tax credit projects in Maryland and Virginia. Mr. Lamb is a graduate of Tulane University with a BA in Economics and a Masters of Business Administration with a concentration in Real Estate and Urban Development from the American University in Washington, D.C. He is a member of the National Association of Home Builders Multifamily Leadership Council and a member of the Board of Directors of NMHC. Mr. Lamb is married and has three children.

L. Robert Timmins | Sr. Vice President, Construction Partner

L. Robert Timmins Sr. Vice President, Construction Partner at JAPMr. Timmins is the Senior Vice President and Construction Partner of Jefferson Apartment Group headquartered in McLean, Virginia. Mr. Timmins has 19 years of related industry experience. In addition to leadership responsibilities and business unit profitability, Mr. Timmins is responsible for providing the vision and organizational structure for the Construction company. This includes personnel and leadership development, as well as pre-construction, coordination, scheduling, quality and risk management of company projects from feasibility to project completion and close-out.

Prior to joining Jefferson Apartment Group, Mr. Timmins was the Senior Vice President and Construction Partner at the JPI East Mid-Atlantic office, where he was responsible for the successful completion of 32 communities in the Mid-Atlantic region. During his tenure with JPI East, Mr. Timmins oversaw the completion of over 11,000 units totaling in volume and over two billion dollars of project costs.

Mr. Timmins received a BS degree in Building Construction from Virginia Polytechnic Institute and State University (Virginia Tech.). He is currently a member of the Northern Virginia Building Industry Association (NVBIA), National Association of Home Builders (NAHB), Associated Builders and Contractors (ABC), and Washington Building Congress (WBC). Bob is married and has two children.

James N. Duncan | CFO, Partner

James N. Duncan Senior Vice President, Partner at JAPJames N. Duncan is Chief Financial Officer and Partner for Jefferson Apartment Group headquartered in McLean, VA. Mr. Duncan’s responsibilities include oversight of project acquisitions, dispositions, equity and debt financings and the asset and property management disciplines for the company.

Prior to joining JAG, Mr. Duncan served as Senior Vice President and Managing Partner for JPI East. He directed an $850 million portfolio of multifamily assets located in the Mid Atlantic and New England. While at JPI, Mr. Duncan headed the formation of the company’s regional condominium business, acquisition platform, and retail operations. During his twelve-year career at JPI, Mr. Duncan managed the disposition of one billion dollars in assets.

Prior to joining JPI in 1998, he served as an Asset Manager for Insignia Financial Group in Greenville, SC, where he oversaw a portfolio of 36 multifamily assets across the United States. Mr. Duncan is a graduate of Furman University with a BA in Accounting. He is a member of the Real Estate Group and has been a featured speaker and panelist at multiple events sponsored by the District of Columbia Building Industry Association (DCBIA) and the Urban Land Institute (ULI). Mr. Duncan is married and has two children.