Effective September 8, 2016 and in connection with the Merger, Jonathan Z. Cohen resigned from his positions as the Chief Executive Officer and President of Resource Capital Corp. Mr. cohen's resignation did not arise or result from any disagreement with the company on any matters relating to the company's operations, policies, or practices. Effective September 8, 2016 and also in connection with the Merger, Robert C. Lieber was appointed as Chief Executive Officer and President of the company.

Mr. Lieber has served as an Executive Managing Director of both Island Capital Group LLC and C-III Capital Partners LLC (C-III) since July 2010, after having served under New York City Mayor Michael R. Bloomberg as Deputy Mayor for Economic Development since January 2007.