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The Nominating and Corporate Governance Committee also believes that each of the nominees has other key attributes that are important to an effective board: Each of the nominees, other than Mr. Bayless, is independent of us and our management. In addition to the above, the Nominating and Corporate Governance Committee also considered the specific experience described in the biographical details that follow in determining to nominate the individuals set forth below for election as directors.

Bayless is a co-founder of our company and participated in the founding of the student housing business of our predecessor entities. He served as our Vice President of Development from the inception of our predecessor entities in until July From toMr. Bayless served as the Director of Marketing responsible for business development and marketing for the student housing division of Cardinal Industries. He received a B.

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Table of Contents Areas of Relevant Experience: Ability to lead our organization; detailed knowledge and unique perspective and insights regarding the student housing industry and the strategic and operational opportunities and challenges, economic and industry trends, and competitive and financial positioning of us and our business. Burck has been our Independent Chairman of the Board since August Burck retired from the position of chancellor of The University of Texas System in Burck joined the University of Texas System in to serve as the vice chancellor of business affairs and then as executive vice chancellor for business affairs before being appointed by the Board of Regents as interim chancellor in June and chancellor six months later in December Burck worked worldwide for Getty Oil Co.

Inhe was involved in the creation and served as director, as well as vice president, of ESPN, the first cable TV sports network. Austin College of Natural Sciences. Burck is a former director of the National Conference of Christians and Jews, and a former member of the boards of directors of Celo Data, Inc.

Areas of Relevant Experience: Operating environment and trends in university management; financial reporting and controls; corporate governance, organization and leadership. Steven Dawson has served on our Board of Directors since August CPT and its predecessors. Camden is a large multifamily REIT based in Houston with apartment operations, construction and development activities throughout the United States. Dawson currently serves on the boards of Institutional Financial Markets, Inc.

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IFMIa broker-dealer with fixed income and structured credit securities trading operations in the U. Financial reporting; accounting and controls; REIT management, real estate operations and development; manufacturing.

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Donnell has served on our Board of Directors since August Donnell has taught various subject matters, including real estate finance, investments and corporate governance, since August Donnell received a B. Financial investment and services; REITs; corporate governance; university operations.

Lopez is a nominee to fill a vacancy on our Board of Directors. He has been the Chief Investment Officer of AXA Real Estate, a global real estate investment manager, sincewhere he is responsible for fund management and research activities. Lopez served as a director of Desarrolladora Homex, S. HXMa Mexican-based home builder, from to Lopez received a B. Financial investment and services; real estate investment; international business and investment. Edward Lowenthal has served on our Board of Directors since August He has been President of Ackerman Management LLC since Aprila private investment management and advisory company with particular focus on real estate and other asset-based investments.

WRP from untilwhich owned and operated multifamily apartments throughout the United States. Lowenthal currently serves as a director of Omega Healthcare Investors, Inc. From tohe was a member of the board of directors of Reis, Inc. Lowenthal serves as non-executive Chairman of Tiburon Lockers, Inc. Real estate investment and development; REIT management; law.

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Oliver Luck has served on our Board of Directors since December Luck played quarterback for the Houston Oilers from to He is currently a member of the National Football League Player Safety Advisory Panel, a member of the first College Football Playoff Selection Committee and has served in various capacities in a number of university and community associations.

University management; business development and leadership; law. Oles served on the senior staff of the Governor of Texas, William P. Oles received a B.

Real estate investment and development; governmental interactions. Walker has served on our Board of Directors since August