Arthur G. May

Project Partner, PDP Principal and Founder, Keystone Development Group, LLC

Mr. May is a Project Partner on PDP’s West Oakland BART Station project and has worked with Mr. Conroe on and off over the past 20 years. As principal and founder of Keystone, Art is responsible for establishing new business and development opportunities for Keystone. Art also manages client relationships and leads the firms strategic planning and financial modeling services. Prior to forming Keystone, Art was a partner with the Shelton Group, where he oversaw development of office, R & D, and industrial projects. Prior to the Shelton Group, Art was Vice President of Development for the Kimpton Hotel and Restaurant Group where he managed the acquisition and development activities in several East and West Coast markets. Art also served as Regional Vice President for Homestead Village and Vice President for SCG Multifamily Development (now Archstone-Smith and both companies were affiliates of Security Capital Group). Art also served as Vice President and CFO of Western Development Group and was a construction project manager for them in the Pacific Northwest. Art received his MBA from Stanford University Graduate School of Business and earned a B.S. in Construction Management, cum laude and a B.A. in Architecture, cum laude, from the University of Washington.

Daniel J. Gerken

Project Partner, PDP Chairman and Co-Founder, Gerken Taxman Interests, Inc. (“GTI”)

Mr. Gerken is a Project Partner with PDP on projects in Colorado and has known Mr. Conroe for 40 years. GTI is a real estate investment management and development company which, over a twenty year period, has acquired or developed in excess of $60 million of office and multi-family real estate. GTI was the managing general partner of a $30 million, 854 unit class A multi-family Dallas apartment portfolio acquired in 1990 and sold in 1997. In 1994 GTI acquired Tech Center VI, a 104,000 square foot class A suburban office building project in Colorado Springs, Colorado. In 1998, GTI developed Tech Center II, a four-story 144,000 square foot class A suburban office building, also in Colorado Springs. Tech VI was sold in 1998; Tech II in 2004.

Prior to GTI, Mr. Gerken worked in Northwestern Mutual Life’s real estate investment department where he underwrote in excess of $650,000,000 in new mortgage loans, shared appreciation mortgages, joint ventures, and equities, including 4,000 apartment units valued at more than $228,000,000, and 5,250,000 square feet of office, retail, and industrial space valued at approximately $422,000,000. In addition, Mr. Gerken has worked for both The Koll Company and The Irvine Company.
Mr. Gerken received an MBA in 1986 from UCLA where he was the recipient of the Wittenberg Livingston Fellowship in Real Estate Development and John M. Olin Fellowship in Public Policy. Mr. Gerken received a B.A. in economics from Stanford University in 1980 and attended Harvard University.