JAMES RATKOVICH ames Ratkovich started selling real estate as a licensed salesperson while attending college in 1977. He joined The Ratkovich Company (TRC) in 1984 and was a principal in some of the most important urban development plans and

projects in southern California.       Jim formed James Ratkovich & Associates, Inc. in 1991. From its inception, JRA served as lead consultant to several prominent Wall Street based investment banks, resulting in the acquisition of over $2 billion in assets by those clients. JRA’s commercial appraisal clientele reads as a who’s who of Wall Street Investment Banking.       Jim is a member of the International Council of Shopping Centers, the Urban Land Institute and its Urban Mixed-Use Development Council. He is also a published contributor to the ULI Market Forecast. Additionally, Jim is a Certified General Appraiser, licensed by the state of California and a designated CCRA by the National Association of Real Estate Appraisers.       He holds a California Real Estate Broker's license.

STEVEN CLARK teven Clark joined JRA full-time in 1996 to oversee the acquisition, renovation and management of The Pacific, a 187-unit, highrise luxury condominium project in Long Beach, California.

Steve has more than 24 years of experience in real estate development, finance, construction and management, as both principal and broker. Prior to joining JRA, he was president of Paragon Realty Service, a real estate investment and finance firm.      He was associated with private sector asset management firms under contract with the RTC, and was a vice-president of Western Federal Savings in its asset management department.      He holds a California Real Estate Broker's license.