MAST CAPITAL, INC.
MIAMI, FLORIDA

Mr. Parjus joined Mast Capital in 2015 and is a Development Manager.  In this capacity, he is involved in all facets of the Firm’s development projects, including but not limited to, collaborating with acquisitions and asset management team members on modeling costs associated with new residential development projects, overseeing architects and contractors, working with local municipalities on permitting and related zoning efforts, and negotiating various contracts. Mr. Parjus brings more than 15 years of construction and project management experience to the Firm having served as both a developer and general contractor during his career.  He has managed projects ranging from luxury residential and commercial buildings, to affordable housing built in partnership with state and local government entities.  Prior to joining Mast, Mr. Parjus was a Project Manager with Related Urban Development Group, the affordable housing arm of the Miami-based Related Group.  During his time at Related Urban, Mr. Parjus was involved in the development of new construction and rehabilitation of existing buildings with oversight of budgeting, design, pre-construction, negotiation of contracts, close-outs and execution as well as coordination with state and local government agencies.  Previously, he worked in both the public and private sectors having constructed over 1,000 for-sale and for-rent residential units. Ms. Niebla joined Mast Capital in 2011 and serves as Director of Accounting and Finance.  In this capacity, she has oversight of the Firm’s accounting and finance activities and also has management responsibilities of the Firm’s Controller, Accounting Manager and Accounts Payable personnel.     Ms. Niebla was formerly in public accounting for 14 years.  Prior to joining Mast Capital, she was a Senior Accountant with Valfor- Valuations and Forensics LLC and was responsible for traditional financial statement audits, review of privately owned concerns and performing forensic investigations and procedures.  Prior to Valfor, she was a Senior Accountant with Rosillo & Associates, a Miami-based boutique CPA firm for nine years and focused on tax planning for business owners and their businesses.  Previously, she was a Staff Accountant with Binstock, Rubin, Sbar, Garcia & Ellzey. Mr. Miguel founded Mast Capital in 2006 and serves as its Chief Executive Officer.  He has ultimate responsibility for Mast Capital’s investment strategy, risk management and operations. He has an extensive real estate, financial and political network, with expertise in investment structuring, complex debt and equity products, execution and development.  Under Mr. Miguel’s leadership, Mast Capital is a leading investor and developer of high-end for-sale residential, hospitality, office and retail projects, with a particular focus in high barriers-to-entry markets.  Prior to founding Mast, Mr. Miguel was Founder and President of Vertica Group, a land investment and repositioning company, where he oversaw all aspects of the businesses, including acquisitions, entitlements, operations and asset management. Previously, he co-founded Clear Title Group, a boutique real estate title insurance company focused on offering closing services to luxury condominium and home developers, buyers and sellers. Mr. Miguel received his Bachelor of Business Management degree from the University of Miami.  He is a member of the Urban Land Institute’s Urban Development and Mixed-Use Council (UDMUC) which is focused on exploring best practices, lessons learned and cutting-edge trends in development and redevelopment of urban and near urban mixed-use projects.  Mr. Miguel is also a member of the University of Miami School of Business’ Real Estate Programs Advisory Board. Matthew Adler serves as Chief Investment Officer of Mast Capital, focusing on identifying and evaluating acquisitions and collaborating on investment decisions. He brings more than 17 years of real estate industry experience to the firm. During the course of his career to date, he has structured and negotiated over $2.9 billion of transactions with development partners, lenders and municipalities. Before joining Mast, he was head of East Coast Acquisitions for MacFarlane Partners, an investment management firm with more than $5 billion under management. At MacFarlane, Mr. Adler led all of the firm’s investment activities in New York City and South Florida. Prior to this, he was an investment banker in the Real Estate and Lodging Group at Salomon Smith Barney. Mr. Adler graduated with a Master in Business Administration degree from Columbia Business School and a Bachelor of Arts degree in Economics from Cornell University. Mr. Fordin joined Mast Capital in 2017 and serves as Executive Vice President and Managing Director of Development.  In this capacity, he leads the Firm’s ground-up and value-add development opportunities and has oversight of Mast Capital’s development and construction teams. With nearly 25 years of commercial real estate experience, Mr. Fordin has been involved in all aspects of acquisition, entitlement, development, financing, leasing, sales, and management of for-sale residential and mixed-use development projects.  Prior to joining Mast, Mr. Fordin was a Vice President with Related Group, a privately held real estate development company based in Miami, FL.  During his 13-year tenure at Related Group, he was responsible for sourcing development opportunities as well as the oversight of entitlement, design, sale, and completion of over 2,000 for-sale residential units primarily located in South Florida and valued in excess of $3 billion.  Mr. Fordin also identified and negotiated land acquisitions, developed and administered budgets, and led teams of general contractors, architects, engineers, designers and other consultants.