Richard Burton
McCary Stevens Associates, Inc.
750 Main Street, Suite 1308
Hartford, CT 06103
860-761-1000
860-761-1009, fax
button'@'mccarystevens.com
www.mccarystevens.com

Richard T. Burton, Principal

Mr. Burton has over 19 years of commercial real estate experience. Prior to joining McCary Stevens Associates, Inc. as Principal in 1996, Mr. Burton spent over ten years adding value in the commercial real estate industry working with Aetna Life and Casualty's various commercial real estate departments in Hartford, Connecticut.

From 1988 to 1990, Mr. Burton was a commercial mortgage originator and underwriter. He underwrote over $500 million in commercial mortgage loans, averaging $14 million. He traveled extensively to a number of different markets, met with mortgage bankers and borrowers, inspected properties and approved and rejected commercial mortgage loan applications. Underwritten property types included apartment, retail, office, office R&D, industrial / warehouse and hotels.

Prior to that, from 1985 to 1988, Mr. Burton was a commercial mortgage loan workout specialist. He actively managed a $450 million problem loan portfolio, negotiated loan restructurings, initiated foreclosure action, managed litigation during foreclosure and bankruptcy, testified in court and directed property receivers.

Most recently, from 1991 to 1996, Mr. Burton worked in the property management area managing wholly owned and foreclosed properties. He developed effective property strategies to achieve maximum return on investment on over 70 properties valued at over $500 million. He directed the foreclosure takeover and management of more than 30 of these properties, and negotiated and / or managed the negotiation of over 1.2 million square feet of leasing in these properties.

In addition, he managed the successful sale of 15 of the properties, designed and directed a $5 million construction redevelopment project on a community shopping center, negotiated a complex $4 million settlement with a tenant in bankruptcy within 90 days of taking over the project, and designed and implemented a property reporting format for all on-site property managers including monthly and quarterly operating reports, budgets and lease summaries.

Prior to his real estate experience, Mr. Burton spent 9 years as an active duty Coast Guard Officer after graduating with a B.S. in Computer Science from the Coast Guard Academy. His duties included being Assistant Professor at the Coast Guard Academy teaching Strategic Planning, Accounting and Finance. Mr. Burton received his Masters of Business Administration degree with High Honors from the University of Connecticut.