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Eduardo S. Elsztain has more than 20 years of experience in the real estate industry. In 1990, he founded Consultores Asset Management, a leading portfolio management firm that has been a pioneer investor in Latin America and in other emerging countries. He serves as the Chairman of Cresud, a leading agricultural company in Latin America devoted to the operation and formation of a valuable portfolio of land and a producer of soybean, corn, wheat, beef cattle and milk, and he is a Board Member of BrasilAgro Companhia Brasileira de Propriedades Agr�colas. Moreover, he is Chairman of IRSA, Argentina�s largest and most diversified real estate company, with interests in office buildings, hotels and residential projects. He is also Chairman of IRSA�s subsidiary, Alto Palermo S.A. (APSA), Argentina�s leading shopping center company. Mr. Elsztain is Vice-chairman of Banco Hipotecario S.A., Argentina�s largest mortgage bank. | 