OWNERSHIP

5 Penn Plaza LLC

Stephen D. Haymes is a Partner of Haymes Investment Company; a family owned and operated real estate enterprise established by his father Morice in 1925. Mr. Haymes is the Managing Director of 5 Penn Plaza LLC, a partnership which purchased 5 Penn Plaza. Mr. Haymes’ operating philosophy is "hands-on" in nature with a goal towards improving the asset through ongoing property renovations, leasing and retention programs and upgrading building services and amenities. The partnership maintains its corporate office at 5 Penn Plaza.