MMA RealtyCapital: A MuniMae Company
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At the helm of all of MMA Realty Capital’s (MRC’s) operations is a senior management team that is deeply experienced and highly regarded in the industry. This powerhouse team has a broad range of expertise and an average of over 21 years' experience in real estate and finance.

All of our operations are enhanced by product specialty teams, which remain interconnected and allow us to bring our clients the advantages of specialization. Leading more than 90 employees in major cities across the country, this seasoned management team allows us to work effectively as one unified platform.

MRC’s parent company MuniMae has a management team with an average of over 20 years’ experience in real estate and finance, leading more than 500 employees across the country.

Charles M. Pinckney - Chief Operating Officer, MuniMae & Interim Head of MMA Realty Capital
Thomas P. Cornett - Senior Vice President, Head of Risk and Portfolio Management & Investment Fund Management
Mark Johnson - Managing Director, Chief Capital Officer
Richard Katzenstein - Senior Managing Director, Investment Management
Mike Rulf - Senior Vice President, Agency Lending

Charles M. Pinckney
Chief Operating Officer, MuniMae & Interim Head of MMA Realty Capital

Charles M. Pinckney is Chief Operating Officer of MuniMae and Interim Head of MMA Realty Capital. MRC houses the market rate investing activities of the company and has three distinct business groups; Agency Investing, Merchant Capital Group, and Investment Management. Agency Investing is the Fannie Mae, Freddie Mac and HUD mortgage banking operations for market rate multifamily housing. Proprietary Capital is the balance sheet investing activity for the company. The Investment Management business invests in all forms of commercial real estate on behalf of institution clients. Mr. Pinckney joined the Company in 2000 when MuniMae purchased Whitehawk Capital, a business Mr. Pinckney co-founded and that was engaged in structured finance activities. Mr. Pinckney received his undergraduate degree from The Citadel and a Master’s in Business Administration from Duke University’s Fuqua School of Business.

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Thomas P. Cornett
Senior Vice President, Head of Risk and Portfolio Management & Investment Fund Management

Thomas P. Cornett has been with MMA Financial, Inc. since 2005 and is a member of the senior leadership team of the MRC business group as well as the Senior Management Committee for MMA Financial. Mr. Cornett is head of the MRC Risk and Portfolio Management team and serves as the Chairman of the MRC Investment Committee. He is responsible for credit policy, investment approval process, asset management (including construction risk management), portfolio management, and workouts for all market rate multifamily and commercial property types originated in MRC’s Agency, Proprietary Capital, and Investment Management businesses that make up the MRC Group. Additionally, Mr. Cornett over see's the operation of MRC's investment funds. Prior to joining MMA in 2005, Mr. Cornett was at Bank of America for 19 years, serving in a variety of capacities, including a number of assignments as Chief Credit Officer in Commercial Real Estate (construction, CMBS, and REIT and National CRE lending) as well as Commercial Banking. Mr. Cornett received a MBA from the Fuqua School of Business at Duke University and a B.A. degree in Management Science from Duke University. He is a member of the Board of Trustees of the University of Tampa and is on the Board of Directors of Metropolitan Ministries in Tampa.

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Mark Johnson
Managing Director, Chief Capital Officer

Mr. Johnson is responsible for maintaining and managing the capital relationships which support all of MRC’s investment activities. In this role, he oversees banking relationships and operations related to the acquisition and sale of investments originated by all MRC personnel. Prior to joining MMA in March 2005, Mr. Johnson was employed by Trinsic Technologies, a national voice and data technology enterprise as the company’s Secretary and Treasurer. During his tenure, the company completed its successful initial public offering in 1999 and subsequently raised funds through both debt and equity transactions. Mr. Johnson has 26 years of experience in real estate lending and corporate finance, primarily in banking. At the time of his departure from banking in 1998 Mr. Johnson was in charge of real estate credit policy for Wachovia in the Washington Baltimore area, responsible for commercial real estate loan structuring and approval for the Capital Region. Mr. Johnson has a B.A. from the University of Virginia and is a member of various non profit and charitable organizations.

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Richard Katzenstein
Senior Managing Director, Debt Investment Management

Richard Katzenstein is a Senior Managing Director and a member of MRC’s Executive Committee. Mr. Katzenstein oversees MRC’s debt investment management business which includes: production, capital market activities, purchase and sale of subordinate debt in secondary markets, loan participations/syndications and asset level financing. Under Mr. Katzenstein’s leadership, MRC raised $235 million for the B-Note Value Fund, LP; a platform he oversees fund management for, deal sourcing, capital raising and investment financing. Prior to joining MRC, Mr. Katzenstein was the Managing Director at MONY Realty Capital, Inc. While at MONY, Mr. Katzenstein was personally responsible for real estate transactions totaling in excess of $2 billion. Prior to joining MONY, Mr. Katzenstein was involved in loan advisory work on performing and non-performing asset portfolios with various financial institutions. Mr. Katzenstein has expertise in business development, origination, structured finance, loan acquisition, loan syndication, pricing, asset management and debt and equity dispositions. Mr. Katzenstein received his MBA from Long Island University and B.S. degree in Finance from the State University of New York at Albany. He is a member of the Real Estate Board of New York, Young Mortgage Bankers Association, Real Estate Lenders Association, Real Estate Committee of New York and ULI, New York University’s Real Estate Institute Advisory Board, and Vice chair for The Kids Foundation for Development Diseases.

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Mike Rulf
Senior Vice President, Agency Lending

Mr. Rulf currently heads the national market rate agency lending group for MRC. Mr. Rulf has been with MuniMae for eight years and has served the company in a variety of roles, ranging from operations, loan originations to capital markets to mergers & acquisitions. Prior to joining MRC in January of 2006, Mr. Rulf served as Vice Chair of MuniMae’s Credit Committee and managed both the corporate capital markets department, as well as the investor relations function. Mr. Rulf received a BS in Finance from George Mason University.

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