JAMES L.

RESNEY
Elk Grove, CA 95758 (916) 662-4365 jimresney@frontier.com

SENIOR REAL ESTATE EXECUTIVE

Strategic Vision / Project Management / Asset Management / Acquisitions / Entitlements / Transaction Structuring / Financial Modeling / Budgets & Forecasts / Operations Proven real estate development and finance professional responsible for numerous successful complex large-scale projects / master planned communities. Experienced from the prospective of the homebuilder, the land developer and the financial partner. Hands-on experience in all aspects of the business with four major California home builders/community developers, a major capital provider and a start-up master plan community developer. Routinely resolves complex issues involving numerous stake holders while consistently delivering extraordinary results. MBA and BS from University of Southern California. Proven leader with a track record of:

Identifying and seizing opportunities for profit Transforming non-performing assets into lucrative income sources

Implementing a big-picture vision while focusing on details required for success Motivating and leading teams to achieve exceptional results Building consensus by bringing people with diverse interests together for win-win outcomes Successfully negotiating land acquisitions and venture agreements
SELECTED ACCOMPLISHMENTS Returned capital investment in record time. IHP had an opportunity to buy a JV partner out of a proposed master planned community (Whitney Ranch). Led due diligence, supporting compelling case for purchase and authored business plan. Closed escrow on $100M+ purchase. Sold one third of project for $100M+, recouping investment in nine months. Seized opportunity to generate major return on investment. Canadian development company (Genstar) was selling its US holdings. Guided due diligence for IHPs acquisition of 4S Ranch (San Diego County). Revenues on sales to builders projected to exceed $800M. Created and maximized return from new revenue stream. IHP deals were primarily the result of the builders initiative. Upon joining IHP, proactively sought opportunities to generate more business and profits. Initiated/managed deals/projects, bringing them to builder partners and creating added value of $3M mark-up into JV with an additional $250M of projected revenue. Capitalized on unique Joint Venture opportunity. Personal relationship with builder led to recruitment as advisor on structuring of land purchase and product mix / land plan. Developed out of the box approaches needed for deal to pass IHPs investment committee. Generated projected $10M entitlement profit, and projected additional revenues of $140M in land sales. Facilitated entry into market. Recognized opportunity and assisted founding principal to create Pacific Cascade Group. Led land acquisition effort for first master planned project. Managed all efforts for 2600acre / 6600-unit community in strategic location. Developed Strategy for growth. Formed Economic Advisory Group composed of community leaders that endorsed a strategy for the creation of a new master planned community as the vehicle for generating jobs, economic diversity and growth in an economically challenged rural area.

James L. Resney Page 2 PROFESSIONAL EXPERIENCE RS Capital, LLC, Elk Grove, CA Managing Member Responsible for the companys real estate consulting and investment activities. 2009 Present

Pacific Cascade Group, San Juan Capistrano 2005 2008 Senior Vice President, Founding Member of Management Team Opened and managed Northern California office. Led acquisition efforts for companys first master planned project. Managed land planning and entitlement for 2600-acre, 6600-unit property. Managed $35M budget that was the key component of $110M venture with Prudential Financial. IHP Capital Partners (a CalPERS partner/advisor), Irvine, CA 1999 2005 Senior Vice President Responsible for the firms direct-investment land entitlement and development projects. Also responsible for new investment origination activities for both land and building projects. Originated and/or managed projects with projected revenues of $2B. Played a key role in various master planned communities including: Whitney Ranch (3,500 units in Rocklin, CA), The Rivers (900 units in West Sacramento, CA), and Hidden Meadows (final phases of 1,200 units in San Diego County). TMC Communities, Newport Beach, CA Project Director 1998 1999

Managed planning, entitlement procurement and financial modeling for 1,800-acre project in Lake Elsinore, CA. SunCal Companies, Irvine, CA Senior Vice President /Project Management Responsible for Pacific Point, a high-end mixed use community in San Juan Capistrano. 1997 1998

California Traditions dba Silverstar Development (Formerly McKellar Development) 1992 1996 Vice President Land Acquisitions/Project Management Responsible for land acquisition due diligence, project planning, entitlements, pro formas and budgets, construction, purchasing, and customer service; involved in marketing. Had bottom line responsibility for several projects. Worked directly with President and CFO. Involved in all aspects of the business. Buie Corporation - San Diego, CA 1987 - 1992 Vice President Project Development Fully responsible for the $250 million Temeku Country Club (470-acre - 2,000 units) project in Temecula. Managed the planning and development processes. EDUCATION University of Southern California Bachelor of Science (Cum Laude) - Business Administration (Emphasis: Financial Management and Real Estate) Master of Business Administration (Emphasis: Real Estate Finance and Urban Economics) GPA 3.53 / 4.00 LICENSES California Real Estate Broker and California General Contractor (B-1) PAST AND PRESENT MEMBERSHIPS AND ACTIVITIES Urban Land Institute BIA Homebuilders Council, Legislative Affairs Committee and Political Policies Committee NAHB - Sales and Marketing Council Citizens for a Responsible Environment (CARE) founding member PAC opposing anti-growth initiative (Riverside County) founding member The Community Foundation of Colusa County founding Board member Toastmasters International (CTM) Little League and youth soccer coach