COMPANY INVESTOR RELATIONS PROPERTY PORTFOLIO EARTHVIEW

Thomas J. Hutchison III
Former CEO,
CNL Hotels & Resorts and CNL Retirement Properties, Inc.

Thomas J. Hutchison III has more than 35 years of real estate and capital markets experience with specific expertise in lodging, hospitality and real estate development. Mr. Hutchison was the Chief Executive Officer of CNL Hotels & Resorts, Inc. ("CNL"), a real estate investment trust that owned hotels and resort properties. During that same time period, Mr. Hutchison held various other executive officer positions with companies affiliated with CNL, including but not limited to President and Chief Executive Officer of CNL Hotel Investors, Inc. and Chief Executive Officer of CNL Income Properties, Inc. He currently serves as a consultant with Hutchison Advisors, Inc., a real estate services company. Mr. Hutchison has served as a member of the Hersha Hospitality Trust Board of Trustess since September 2008 and is also currently a director for KSL Capital Partners LLC; ClubCorp, Inc.; U.S. Chamber of Commerce; Vision360; and The Trinity Forum. He was formerly a director for ING DIRECT USA. He is a member of The Real Estate Roundtable, the Industry Real Estate Financing Advisory Council (IREFAC), Leadership Council for Communities in Schools, Advisory Council of the Erickson School of Aging Studies and serves on the Advisory Editorial Board of GlobalHotelNetwork.com. Additionally, he serves as a senior advisor to various service industry public companies. Mr. Hutchison attended Purdue University and the University of Maryland Business School.

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