Frank P. Crivello, Executive Vice President:

After graduating from Brown University in 1982, Frank Crivello began his career by investing in REO multifamily projects located in the Midwest. Almost immediately, Frank Crivello began acquiring commercial office, warehouse, and retail properties. By 1985, Frank Crivello identified and refined a successful formula for rapid equity accumulation through the consensual modification of anchor tenant leases. This lead to coast to coast acquisitions and/or the ground up development of neighborhood retail shopping centers. By 1990, Frank Crivello owned millions of square feet of commercial real estate in nearly every US state including Alaska, becoming one of Kmart’s largest landlords, with aggregate investments in the hundreds of millions of dollars. His operating businesses employed over 1,000 employees.

In the early 1990’s the nation was in a recession and traditional real estate lenders were closing or collapsing. As traditional sources of financing evaporated, Frank Crivello sought creative financing and solutions from Wall Street investment banking firms. Indeed, necessity is has often been the mother of invention. Working with talented bankers at Daiwa Securities, in 1991, Frank Crivello structured a transaction that created a synthetic bond obligation thru Kmart Corporation’s net lease. This resulted in the sale and finance of a portion of his portfolio of Kmart anchored properties through a collateralized mortgage obligation in the approximate amount of $170 million. This was the first securitized commercial transaction of this type and a precursor to the common Wall Street securitized financings.

During the 1990's, Frank Crivello structured or participated in financial engineering of similar real estate sale and finance transactions with leading investment banking firms. The tenants included Aurora Health Care, BlueCross-BlueShield, Pamida (Shopko), Home Depot, Kmart, Builders Square, and Furr’s Supermarkets.

In the late 1990’s, retailers continued to fail, consolidate, and vacate traditional shopping centers. Anticipating the opportunity this widespread dislocation created, Frank Crivello focused on the redevelopment of large vacant shopping centers. Frank Crivello and his team developed a formula for the redevelopment of these assets into non-retail uses that included call centers, corporate back room operations, and health care operations. These opportunities continued until the late 1990’s.

In 2000, Frank Crivello and his team shifted their focus to investments in operating companies with promising business and management. From the real estate perspective, Frank Crivello structured or participated in the financial engineering of real estate transactions involving start up or distressed operating businesses in such diverse space as oil & gas development, manufacturing, marine enterprises, gaming, and technology.

Frank Crivello graduated with a Bachelor of Arts from Brown University and the London School of Economics. Frank Crivello completed a double major in Economics and Political Science. Frank Crivello earned Brown’s highest awarded honors of Magna Cum Laude. Frank Crivello is a member of Phi Beta Kappa.

See web links www.marinegrowthventures.com, www.ecmgt.net, and www.crivello.com.