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					                                           Peter A. Tremulis
                                         1705 Cranshire Court
                                          Deerfield, IL 60015
                                           (847) 707-7355 (m)
                                          ptremuli@aol.com

Professional Experience

National Asset Management Group, llc, Managing Principal, Deerfield, IL

National Asset Management Group, llc is engaged in providing consulting services to residential and
institutional investors, lenders, developers and managers on a multi-state basis. As Managing Principal, I am
responsible for originating opportunities for the firm and participating in engagements on behalf of our clients.
The value added services offered include asset management, land operations and development consulting,
financial structuring, equity and debt sourcing, newco formation support, alternatives analysis, highest and best
use analysis, event horizon planning, debt renegotiation, receivership services, repositioning studies,
management reviews, joint venture structuring, surplus property clearing through market making and valuation
analysis.

We have structured significant transactions between banks, builders, investors and developers. We arranged the
sale of CP Morgan land assets in Indianapolis through Chase Bank to NVR, Inc. which included nine
communities comprised of 950 single family lots. We have also arranged the sale of various communities in the
greater Chicago market to public homebuilders. You can visit the company website at www.namgusa.com to
learn more about the services offered. 10/08 to Current.


Sunesta Resort Communities, llc, Managing Principal, Chicago, IL

Sunesta Resort Communities, llc was a business platform centered on Active Adult community development of
luxury oriented fully amenitized master planned communities for consumers seeking an age-qualified active
adult lifestyle environment. Crescent Resources, llc was the joint venture partner was itself a joint venture in
between Morgan Stanley Real Estate Fund V and Duke Energy Corporation. The Sunesta brand was created to
provide Crescent Resources with an Active Adult and lifestyle brand for a number of Crescent Resources’ then
25 master planned communities located throughout the Carolina’s, Georgia and Florida. In addition, Crescent
Resources owned or controlled in excess of 100,000 acres of timberland with opportunities for development of
Active Adult communities within close proximity to major markets in the Southeast including Charlotte, Raleigh
and Charleston. As Co-Managing Principal, I evaluated Crescent’s master plans, Landmar (a Crescent Resources
wholly owned subsidiary) master plans and Crescent’s forestry holdings. I designed a 2,500 unit golf course
oriented active adult community in Summerville, SC on Crescent owned property. This pre-development
community, along with an adjoining 5,000 acres, was sold to Meadwestvaco for a profit of $7,000,000 shortly
before Crescent filed for bankruptcy. Crescent Resources has since reorganized and is in operations once again.
(8/06 – 9/08).

National Vice-President of Land, Pulte Home Corp., Bloomfield Hills, MI

Pulte is the largest U.S. based NYSE company specializing in the construction of single family attached and
detached for-sale communities. Pulte operates in more than 52 markets across the United States. As the National
Vice President of Land, I was responsible for the establishment of national standardized land processes centered
on acquisition, entitlement, development and management practices for domestic homebuilding operations.




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                                          Peter A. Tremulis
                                        1705 Cranshire Court
                                         Deerfield, IL 60015
                                          (847) 707-7355 (m)
                                         ptremuli@aol.com

Professional Experience (cont.)
In addition, I managed a team of 11 Division Vice Presidents of Land, one from each operating Area, who served
on the National Land Council and charged with deploying land best practice processes and tools throughout the
organization. Additionally, I leveraged national HR, IS, Finance and Legal resources in the development of
recruiting, training and leadership development programs for land personnel. Reported to the COO and COB.
(8/04 – 7/06)

                       -   Developed and Instituted National Land Department Business Planning Process for
                           all Divisions and Brands (Pulte/Del Webb and DiVosta)
                       -   Developed 50 Land Best Practices Processes and Tools and rolled out nationally to
                           over 100 Land VP’s and Directors of Land across 52 Divisions operations.
                       -   Reviewed Division Land Three Year Business Plans and Reported on Land
                           Operations to Corporate Executive Team and Developed Land Scorecard Processes
                           for comparing Land Department performance across Divisions and Areas.
                       -   Coordinated Land Training and Development Programs with Headquarter’s
                           Support Functions (IS, HR, Finance, and Legal)
                       -   In conjunction with IS, developed Request for Proposal and Proof of Concept for
                           Enterprise-wide Integrated Community Management and Budgeting Platform for
                           Division Land Operations

Vice-President of Land, Pulte Homes, Illinois Division, Elgin, IL

In my capacity as Vice President of Land, I grew and managed a department responsible for land acquisition,
entitlement and development from site selection to development and final acceptance for all public
improvements. The Illinois Division built and sold between 1,500 and 2,000 homes a year under the Pulte and
Del Webb brands annually in 20 to 25 active communities. (4/91 – 7/04)

                       -   Acquired over 50 land purchases for new residential for-sale communities.
                       -   Entitled over 50 new communities for Pulte Homes in the Chicago market.
                       -   Developed over 50 new communities for Pulte Homes in the Chicago market.
                       -   Created mixed use developments with profitable commercial land sales.
                       -   Mapped and ranked vacant land suitable for acquisition and development.
                       -   Designed feasibility template for cash flow analysis and lot cost estimates.
                       -   Managed due diligence process and coordinated all legal documentation.
                       -   Created critical path schedule from site identification through street dedication.
                       -   Managed human resources for land including annual reviews, recruiting,
                           compensation, training, goal setting and career development.
                       -   Promoted to VP position from Director of Land Acquisition in Division.
                       -   Reported to Division President.




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                                              Peter A. Tremulis
                                            1705 Cranshire Court
                                             Deerfield, IL 60015
                                              (847) 707-7355 (m)
                                             ptremuli@aol.com

Director of Land Acquisition, Burnside Construction Co., Downers Grove, IL

Burnside was a family-owned home builder specializing in the construction of single family attached and
detached for-sale communities in the Chicago area. I negotiated land acquisitions, performed due diligence,
obtained zoning, subdivision, and engineering approvals for new communities. I developed over 1,000 lots with
associated amenities in five communities for home production. Burnside developed and sold 100 to 200 single
family homes annually in three to five active subdivisions. (8/88 - 3/91)

                   -       Negotiated site acquisitions and coordinated entitlements and development
                            approvals for all for-sale communities.
                   -       Contracted with consultants and subcontractors for all due diligence and land
                            development.
                   -       Recorded all plats.
                   -       Prepared all lot budgets and variance reports.
                   -       Approved all invoices relating to land development.
                   -       Prepared extensive market analysis of for-sale housing in the Chicago area.
                   -       Reported to Chairman and President.

Vice-President and Managing Broker, Trans-Metro Financial, Inc., Ontario, CA

Trans-Metro Financial was a joint venture between Fulmer Construction and Lee-Jay Development to develop,
lease, finance and sell multifamily and industrial properties in Los Angeles, San Bernadino and Riverside
Counties in Southern California. As the Managing Broker, I originated and closed lease, finance and sale
transactions for the joint venture and other clients, including the sale and leasing of to-be-built industrial
buildings and the refinancing of existing rental apartment buildings. (3/86 - 7/88)

                       -   Closed sale of 80-lot single family site to major home builder.
                       -   Refinanced apartment communities totaling over 200 units.
                       -   Arranged lease with purchase option and closed 56,000 sq. ft. warehouse.
                       -   Closed sale of to-be-built 125,000 sq. ft. industrial building.
                       -   Leased 46,000 sq. ft. of industrial space to national tenant.
                       -   Closed sale of 10,000 sq. ft. industrial building to single user.
                       -   Managed office, prepared operating budgets.
                       -   Developed computerized database to track acquisition and lending criteria.
                       -   Reported to Joint Venture Partners.

Sales Associate, Korek Land Company, Tarzana, CA

Korek Land Company is a sole proprietorship engaged exclusively in the sale of land for the development of
residential and mixed-use properties in Southern California. As sales associate, I originated listings, appraised
land prior to listing and solicited offers from developers, builders and investors. (8/85 - 2/86)

                       -   Generated multiple offers for several large scale development parcels.
                       -   Appraised land throughout Southern California prior to listing.
                       -   Obtained listings on Apartment Buildings and Land in So. Cal.
                       -   Reported to Broker/Owner.

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                                             Peter A. Tremulis
                                           1705 Cranshire Court
                                            Deerfield, IL 60015
                                             (847) 707-7355 (m)
                                            ptremuli@aol.com

Director of Market Research, First City Properties, Beverly Hills, CA

First City was a public company developing master planned communities and rental apartments in Southern
California. I performed market evaluations for all acquisitions and joint venture opportunities.
I refined product concepts based upon market conditions and targeted buyer or renter profiles. (11/84 - 7/85)

                    -       Analyzed over $30,000,000 of multifamily sites for purchase or joint venture.
                    -       Refined architectural plans for broad market appeal and cost efficiency.
                    -       Performed extensive market research into Southern California housing market.
                    -       Reported to President.

Acquisition/Income Property Analyst, The Balcor Company, Skokie, IL

Balcor was a wholly owned subsidiary of American Express engaged in the syndication of partnership debt and
equity for the financing and purchase of rental apartment communities as well as retail and office properties
principally located in the Southeast and Southwest United States. I was promoted through three positions
during my association with the company in the areas of acquisition, public and private partnership tax
structuring, and commercial property management. (6/82-10/84)

                        -   Evaluated acquisitions in excess of $150,000,000 of commercial, retail and
                            multi-family properties with respect to market position, property
                            condition, operating performance and purchase terms throughout Sunbelt states.
                        -   Structured over $25,000,000 in equity payments to sellers.
                        -   Reported to Founding Partners and Investment Committee Members

Education:
Master’s Degree in Business Administration. Conferred 12/81.
Northern Illinois University Graduate School of Business (GPA: 3.54/4.00)
Electives in Real Estate, Finance and Management Information Systems

Bachelor of Science Degree in Marketing Conferred 5/80.
College of Business at Southern Illinois University
Electives taken in Real Estate and Radio and Television, including a travel/study tour to nine countries in
Europe to compare radio and television broadcast administrations, facilities and government regulation.

American Institute of Real Estate Appraisal, 7/80
University of North Carolina at Chapel Hill.
Completed Real Estate Appraisal Principles and Basic Valuation Procedures towards MAI designation.

Certified Residential Construction Manager, 11/96
Northern Illinois University Extension Program and the Home Builder’s Association of Greater Chicago



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Memberships: ULI CDC-Green Council (Full Membership), National Association of Homebuilders,
Homebuilders Association of Greater Chicago, Licensed Illinois Broker

Status: Married to Maria with three children, Christopher, Laura and Daniel.
Hobbies: I am an avid automotive enthusiast and a member of the Chicago Vintage Mustang Club.




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