Progress Business Company

T.L. Clauff – Chief Executive Officer

Terry is CEO of DP Mangement LLC, and a Principal in Dial Companies Corporation, the holding company of the Dial Organizations. He joined Dial in 1969 and became President of the Management, Marketing, and Leasing division in 1975. In the late 1970’s, the Dial Companies transitioned to commercial development in shopping centers and office buildings. During this period, and the succeeding 20-year period, Dial purchased, developed and redeveloped shopping centers in a 18-state region, accelerating the company to national recognition and rankings in the industry. In 1991, he formed a division of Dial Properties that has renovated and redeveloped apartments and shopping centers averaging over $5 million per year in annual gross revenue. In 1996, he formed a department to co-develop single tenant buildings for clients such as Staples, Walgreen’s, and 24 Hour Fitness Centers.

Current goals for DP Mangement LLC. are to expand their portfolio of owner development management in the retail and multi-family segments of commercial real estate, engaged in a minimum of five separate commercial development projects per year.

Brian Reilly – Vice President, Management

Brian serves as Vice President of Management at DP Mangement LLC., supervising daily operations of the property management, marketing, accounting, reporting, and information systems departments. He joined DP Mangement LLC. as Director of Retail Malls in 2001, managing the field staff and financial performance of eight enclosed malls.

Brian’s previous experience includes principal in a mortgage brokerage firm and several years in marketing. Brian is President of the users’ board for the Property Management and Accounting Software (PMAS) Users’ Group and is a member of the International Council of Shopping Centers.

Steve Toth – Vice President, Operations

Steve is currently Vice President of Operations for DP Mangement LLC.. Steve joined DP Mangement LLC. in 1997 as Tenant Finish and Development Coordinator and was elevated to Director of Operations in 2001. He supervises projects for the company as well as all major improvements throughout the portfolio; this includes planning and implementing redevelopment opportunities for existing properties.

Steve also oversees the daily operations of the property managers and budgeted facilities management procedures. In addition, Steve reviews and coordinates all construction documents and projects associated with Dial’s retail centers and acts as liaison between ownership, tenants and city officials.