Jonathan is responsible for account management and client relations for both separate accounts and commingled investment vehicles. In this role, he evaluates portfolio performance, acquisition and disposition opportunities, and develops and implements client investment strategies. Jonathan previously served with HTRG in the capacity of Senior Portfolio Analyst. Prior to joining HTRG, he worked as a Quantitative Forestry Analyst for NCASI, an environmental research organization. Jonathan holds a B.S. in Forestry from the University of Stellenbosch, South Africa, and an M.S. in Forestry Economics from Virginia Polytechnic Institute and State University. jaggett@hnrg.com

Charlie is responsible for the firms investments in Australia and New Zealand. Prior to this role, he managed the investment entity Hancock Victorian Plantations Pty Limited for over seven years. Before joining HNRGA, Charlie was with Burns Philp & Company Limited and in Taxation and Business Services with Grant Thornton. In addition to being a qualified Chartered Accountant he also holds a Masters of Taxation and Bachelor of Commerce from the University of Melbourne. camalfi@hnrg.com

Katie is responsible for account management and client relations for individually managed accounts and pooled accounts at the Hancock Timber Resource Group. In this role, she evaluates portfolio performance, acquisition and disposition opportunities, and develops and implements investment strategies. Prior to joining HTRG, Katie was Business Development Manager with Rayonier's International Forest Products team where she was involved in evaluating and initiating development of new business in the major international timber-producing regions. Katie holds a B.S. in Forest Production from California State University, Arcata, and an MBA from Golden Gate University, San Francisco. kamrhein@hnrg.com

Pablo is responsible for seeking timberland acquisition opportunities in South America. Pablo joined Hancock Timber from Weyerhaeuser Company where he was Director of Timberlands & Technology and had been responsible for managing 140,000 hectares of timberlands in Uruguay. He has approximately two decades of experience in the development and implementation of forestry operations in South America. He has worked at several forest products companies in different capacities throughout his career. Pablo graduated from Universidad de la Republica, Uruguay with a BSc Agricultura. He went on to earn an M.Sc. in Plant Genetics (Hons.) at the University of Birmingham in the United Kingdom. Pablo is based in Montevideo, Uruguay. parmand-ugon@hnrg.com

Mary Ellen is responsible for performing economic research to support the business and forestry investment decisions of the Hancock Timber Resource Group. Mary Ellen has experience in industrial forest management, timberland investment and forest products marketing, with special interest in global markets and international trade. Before joining HTRG, she was an analyst with Timber-Mart South where she wrote quarterly timber market newsletters and reported on structural changes within the timberland industry. Mary Ellen received a B.S. in Forest Management from the University of Montana, and her M.S. in Forest Economics from the University of Georgia. maronow@hnrg.com

Tim is responsible for marketing and new business development for the Hancock Timber Resource Group. In addition, he is directly involved in account management and client relations for individually managed accounts. In this role, he works directly with clients to develop and implement investment strategies including evaluation of portfolio, acquisition and disposition opportunities. Prior to his account management position, Tim was an analyst with Hancock Timber where he conducted acquisition and disposition analyses for client portfolios. Before joining the group, Tim was a forest analyst with George Banzhaf & Company, a nationally recognized forestry consulting firm, where he was directly involved in timberland valuation, wood supply analysis and timber inventory. Tim holds a B.S. in Forestry from Michigan State University and an M.S. in Forest Management and Economics from Virginia Polytechnic Institute and State University. tcayen@hnrg.com

Dan is responsible for the overall operation and growth of the business. Prior to this role, Dan was President and Chief Operating Officer of Hancock Timber Resource Group. Dan is chairman and CEO of Hancock Forest Management, and Hancock Forest Management New Zealand, chairman of Hancock Natural Resource Group Australia, Hancock Victorian Plantations, Tiaki Plantations Company, Taumata Plantations Limited, Tasman Bay Forest, Hancock Timberland VII, Hancock Timberland VIII and Hancock Timberland IX, chairman and president of Cahaba Forest LLC, White River Forests LLC, Red River Timber Company, Nestucca Forests LLC, John Hancock Timber Resource Corporation, and Comox Timber Ltd. Dan is also a board member of Hancock Natural Resource Group, and a member of its Natural Resource Investment Committee. Before joining HTRG in 1992, Dan was vice president and general manager of a major forest products company in the US Northeast. He holds a B.S. in Forest Engineering from the University of Maine's College of Natural Resources, Forestry and Agriculture. dchristensen@hnrg.com

John oversees timberland acquisition deal sourcing, due diligence and contract negotiations for timberland transactions for the Hancock Timber Resource Group. He is based out of the Group's office in Vancouver, Washington. Prior to joining HTRG in 1992, John was a vice president at TimberNet, Inc., a Pacific Northwest timberland marketing firm. His forestry experience includes serving as timberlands manager and investment officer for First Interstate Bank of Oregon's Agribusiness Department. John graduated with a B.S. in Forest Management from Oregon State University and earned an MBA from Portland State University. jdavis@hnrg.com

Barry is responsible for managing and overseeing HNRG's corporate resources, including the organizational development of the Company. He spent the past 12 years as an executive in corporate affairs, first with an electronic commerce company focused in banking and healthcare in Canada and the U.S., and following an acquisition, with a healthcare processing company in New York. He brings to HNRG extensive experience in human resources, as well as a strong background in finance, corporate strategy and investor relations. Barry holds a Bachelor of Commerce degree from McGill University, a law degree from the University of Montreal and an MBA from the Tuck School at Dartmouth College.bengel@hnrg.com

Scott is responsible for account management and client relations for individually managed and pooled accounts. In this role, Scott evaluates portfolio performance, acquisition and disposition opportunities, and develops and implements investment strategies. Before joining HTRG, Scott was a principal consultant with PricewaterhouseCoopers Management Consulting Services in their Forest and Paper Group. Prior to PwC, he was a senior vice president at Jaakko Pöyry Consulting, where he focused on strategy development, mergers and acquisitions, and capital project analysis within the forest products industry. Scott holds a B.S. in Forestry from the University of Maine, an MBA from the University of Rochester, and a Master of Forestry from Yale University School of Forestry and Environmental Studies. sestey@hnrg.com

Coleen is responsible for the accounting and reporting functions of the Hancock Timber Resource Group's separate account timberland investments. Prior to this role, she worked at John Hancock Mutual Life Insurance Company as senior accountant in charge of the agricultural and forestry real estate portfolios. Coleen has been involved in the separate account timber line of business since 1987. She earned a B.S. in Management from the University of Massachusetts at Boston. cgreenwood@hnrg.com

Brent is responsible for Hancock Timber’s economic research program and for property management planning for all of Hancock Timber’s global timberland holdings. In this role, Brent leads acquisition valuation and due diligence and provides oversight for Hancock Forest Management’s resource support teams. Before joining HTRG in 1998, Mr. Keefer worked for Rayonier Inc. for ten years in the southeast U.S. developing and maintaining all forest resource information and planning systems. He holds a B.S. in forest resource management and a M.S. in forest biometrics, GIS, and remote sensing, both from Virginia Polytechnic Institute and State University. bkeefer@hnrg.com

David is responsible for the daily management and execution of Hancock Timber Resource Group’s disposition and appraisal programs throughout North America. In this role, he helps customize and implement disposition strategies for each HTRG investor. David is also responsible for the assignment, review and reporting of all third-party appraisal work performed on the firm’s North American properties. Prior to his current position, David held positions in HTRG’s Forest Operations & Stewardship area as regional forester and operations coordinator. Before joining the firm in 1994, he worked with a timberland consulting firm in the South. He received his B.S. degree in Forest Management from Mississippi State University, and an M.S. in Forest Economics and an MBA from the university. dkimbrough@hnrg.com

Karl oversees the firm’s operations in Australia and New Zealand. Karl is also the Chief Operating Officer of Hancock Forest Management NZ and the Managing Director of Hancock Victorian Plantations. Previously, Karl worked as general manager, corporate development for Amcor, a large international forestry, pulp, paper and packaging group. Karl also worked as a consulting expert for Macquarie Bank where he advised on acquisitions and valuations in the forestry, pulp and paper sector. Karl joined Hancock Natural Resource Group in 1999 and has more than 20 years of experience in operations, acquisitions, planning and finance. He has worked for several large forest products and paper companies in Australasia and has international experience in Southeast Asia and Europe. Karl received his MBA, Bachelor of Geosciences and Bachelor of Engineering from Melbourne University. kkny@hnrg.com

John is responsible for managing the southern timberland acquisition efforts of the Hancock Timber Resource Group. Prior to serving in this role, John was a Client Account Manager, responsible for servicing the needs of both individually managed accounts and pooled fund accounts. Before joining the Group in 1987, he served as Senior Lending Officer and Assistant Vice President for Columbia Bank for Cooperatives. His forestry experience includes serving as land manager of Jordan Lumber Company and serving as the regional forester for HTRG's southern operations. John holds a B.S. in Forestry, an M.S. in Forest Management/Statistics and a Master of Economics and Finance, all from North Carolina State University. jlollis@hnrg.com

Bill is responsible for day-to-day property management operations on investor timberlands in the Pacific Northwest. Bill is based out of HFM’s office in Vancouver, Washington. Prior to joining the company in 2002, Bill was Director of Timberland Management at Olympic Resource Management. His 30 years of forest industry experience includes expertise in timberland management, log sales, silviculture, forest engineering and wood products. Bill graduated with a Bachelor of Science in Forest Management from Oregon State University. wmarre@hnrg.com

Bill is responsible for operational management of investor timberlands in New Zealand. In this capacity, he is responsible for forest management, harvesting and distribution, sales and marketing and financial reporting. Prior to joining HFM NZ in 2004, Bill held positions in operations management, marketing and acquisitions with Fletcher Challenge Forests Limited in New Zealand and South America. He previously worked throughout Asia and the Pacific with an international forestry consulting firm. Bill holds a Bachelor of Forestry Science from the University of Canterbury and an MBA from the University of Otago. bmccallum@hnrg.com

Bruce oversees HTRG’s operations worldwide. Previously, Bruce was Managing Director, Australasia, where he headed HTRG’s investment management business in Australia and New Zealand. He has also held positions as President of Hancock Forest Management (HFM) and Director of Forest Operations and Stewardship for HTRG, responsible for property management, forest resource planning, policy development, risk management, appraisals, acquisition support and analysis, and property dispositions. Bruce is vice president of Cahaba Forest LLC, White River Forests LLC and John Hancock Timber Resource Corporation. Director of HFM, Hancock Forest Management NZ Ltd., Hancock Natural Resource Group Australasia, Taumata Plantations Company, Tiaki Plantations, Tasman Bay Forests, Hancock Victorian Plantations Ltd, Hancock Timberland VII Inc., Hancock Timberland VIII Inc., Hancock Timberland IX Inc., and a partner representative and President of Red River Timberland Company. Bruce is also a member of Hancock Natural Resource Group’s Investment Committee. Prior to joining HTRG in 1997, Bruce was Managing Director of James River Timber Corporation, responsible for the company’s Maine timberland operations. Bruce holds an MBA and a B.S. in Forest Engineering, both from the University of Maine. bmcknight@hnrg.com

Mike is responsible for the financial management of the firm, its subsidiaries and investment entities, and the accounting and reporting of client investments. In addition, he is responsible for arranging and managing debt financing and overseeing systems. Mike is also a current director of Hancock Victorian Plantations. Before joining HTRG, Mike served as Vice President of Finance for U.S. Timberlands where he was involved in taking the company public. Prior to that position, he worked as tax manager and assistant treasurer at Roseburg Forest Products. Mike also worked at Arthur Andersen where he was responsible for the development of tax strategies for numerous forest products clients. Mike holds a degree in Business Administration from Portland State University. mmorgan@hnrg.com

Joanne is responsible for Hancock Natural Resource Group's corporate accounting and reporting functions including internal and external financial reporting, tax functions, the maintenance of accounting records and general ledger systems, budgeting and forecasting, FASB compliance, cash management, strategic financial planning, and the establishment and review of internal controls. Prior to joining the firm in 2006 she was the Manager of Financial Planning and Reporting, Cost and Operations for the Boston Beer Company. Joanne also worked at Johnson Controls world headquarters in Milwaukee, Wisconsin where she held several senior financial positions. She received Bachelor of Arts degrees in Business Administration and Music Performance from Skidmore College, a Bachelor of Science degree in Accounting from Mount Mary College, and a Master of Business Administration degree from Marquette University. Joanne is a Certified Public Accountant in the state of Massachusetts. jpotzko@hnrg.com

John is responsible for developing and implementing client investment strategies, evaluating acquisition and disposition opportunities, evaluating portfolio performance, developing and implementing acquisition funding strategies, and managing all aspects of the client relationship. Prior to joining the Hancock Timber Resource Group, John was a senior consultant at Jaakko Pöyry Consulting, where he focused on strategy development, capital project analysis, and asset valuation within the forest products industry. John holds a B.S. in Finance from the University of Rhode Island and is a CFA charterholder. jperda@hnrg.com

Mike is responsible for the Hancock Timber Resource Group's global acquisition sourcing efforts and is also responsible for the development of relationships with forest products companies. Before joining the firm, Mike served as Executive Director at UBS Timber Investors where he was portfolio manager for an international allocation from a large separate account client. Prior to that position, he participated in business development, fund structuring, portfolio management and acquisition sourcing in Latin America. He also managed a variety of domestic timberfunds. Previously, Mike served as chief executive officer of a privately held forest products company in Maine. Mike holds a bachelor's degree in Forest Utilization from the University of Maine at Orono, and an MBA from the J.L. Kellogg Graduate School of Management at Northwestern University. mrivard@hnrg.com

Tom is responsible for account management and portfolio development for both individually managed accounts and pooled investment vehicles. In this role, he evaluates portfolio performance, acquisition and disposition opportunities, develops and implements investment strategies, and manages client relationships. Tom has served in the capacities of General Manager, Southern Division as well as Mid Atlantic Region Manager for Hancock Forest Management. In those roles, his was responsible for the leadership and direction of a team of professionals who provide acquisition and disposition services to Hancock Timber Resource Group clients, forest management, timber marketing, asset management, stewardship direction and fiduciary oversight for HTRG assets in the US South and Northeast. Prior to joining the firm in 2004, Tom was a Procurement Manager for International Paper's Pensacola paper mill and McDavid sawmill enterprise. He has also served as Forest Operations Manager as well as Forest Analyst for Champion International Corporation. Tom earned a Bachelor of Science, with honors, in Forest Resources and Conservation from the University of Florida. tsarno@hnrg.com

Wilfred is responsible for international financial aspects of the business including coordinating financial work on international acquisitions and financial review of international operations. Previously he was the Chief Financial Officer of Hancock Natural Resource Group, Australia and was responsible the financial management of the firm’s business in Australia and New Zealand. Prior to joining the group in 2004, Wilfred was the Chief Financial Officer of companies involved in the retail and entertainment industries and had overall responsibility for financial, treasury and taxation aspects of the companies. Prior to these positions, he worked at Arthur Andersen where he had significant involvement with audit and corporate finance activities, including mergers/acquisitions and valuations. Wilfred holds a Bachelor of Commerce from the University of New South Wales and a Master of Economics from Macquarie University. wsteiner@hnrg.com

Suzanne is responsible for the financial and managerial accounting and tax functions and corporate resources of the Hancock Timber Resource Group. Prior to joining the firm in 2004, Suzanne was the Finance Manager for the Marketing department of Ann Taylor, Senior Associate in the Financial Advisory Services group of PricewaterhouseCoopers, Senior Accountant in the Financial Reporting department of US Airways, and an Audit Senior at PricewaterhouseCoopers. Suzanne received a Bachelor of Science in Accounting from the University of Virginia and is a Certified Public Accountant in the state of Virginia. ssturman@hnrg.com

Court is responsible for Hancock Timber Resource Group's equity capital raising, client account management, and investment strategy and research. Court is a leading expert on the application of financial economic models to forest assets and timberland companies. His research has been published in numerous economics, finance and forestry journals. Court began his career at HTRG in 1990. He is a director of Hancock Victorian Plantations and Tiaki Plantations, and a member of the HNRG Natural Resource Investment Committee. Court holds an M.S. in Forest Policy from the University of California and a Ph.D. in Forest Economics from Yale University. cwashburn@hnrg.com

Mike oversees forest operations and stewardship efforts on investor timberlands within North America. His responsibilities include oversight of Hancock Forest Management, forest operations, forest planning, stewardship and wood marketing. He is also responsible for regional public affairs, and government and community relations. Prior to joining Hancock Timber Resource Group in 1998, Mike was silviculture manager at Louisiana Pacific where he oversaw forest planning and silviculture management on 900,000 acres in Texas and Louisiana. Previously, he was a forest operations manager with James River and its predecessor, the American Can Company. Mike is a graduate of Stephen F. Austin State University where he studied forest management. mwolf@hnrg.com