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Otis Pitts Jr., President of Peninsula Developers, Inc. has over twenty-five years of
experience in the areas of affordable housing and commercial development focusing specifically in the last fifteen years
on the revitalization of distressed, low-income communities. Mr. Pitts received the coveted MacArthur "Genius" Award for
his commitment to urban revitalization and strategic rebuilding of economically depressed communities throughout the
State of Florida.

He is particularly conversant with all aspects of real estate finance, affordable housing finance and development,
commercial finance and development, and economic development finance and programming, supportive of small and
micro-business development in low- income and/ or minority communities. Mr. Pitts is uniquely qualified in the
administration of disaster neighborhood recovery having served as the first Deputy Assistant Secretary and Federal
Coordinator of Long-Term Recovery for Hurricane Andrew.

His community economic development activities have been the focus of articles appearing in Fortune, TIME, The New York Times and many other
regional and national publications. He has appeared on Nightline, the Today Show and The McNeil Lehrer News Hour. He has also been a guest
lecturer at Rockefeller Institute and Harvard University’s John F. Kennedy School of Government.

He has served on the Board of Directors of the Greater Miami Chamber of Commerce, Florida Housing Finance Corporation and the Florida Partnership of the Americas. He also served as Chairman of Miami-Dade County Mayor Alex Penelas’ Task Force on Urban Economic Revitalization, Urban Revitalization Advisor for Enterprise Florida and one of its At-Large members of the Florida Economic Summit.

He has served on the Housing Advisory Council of the Federal Home Loan Bank of Atlanta, the Consumer Advisory Board of the Federal Reserve and the National Board of Directors of Local Initiatives Support Corporation ("LISC"). Mr. Pitts has also served on the advisory panels for the Urban Land Institute in Florida, Connecticut and Ohio.

Mr. Pitts has received numerous awards including the coveted John D. and Catherine T. MacArthur Foundation named Mr. Pitts a MacArthur Fellow.
NBC NEWS named him “Citizen of the Week” and the Black Lawyers Association named him “Citizen of the Year”. He is the recipient of the Charles
Whited “Spirit of Excellence Award” from The Miami Herald and he has received honorary degrees from the University of Miami and Florida Memorial
College.

He holds both Bachelor of Science and Master of Science degrees in Human Resource Management from Pepperdine University. Mr. Pitts is a South
Florida native.

Otis K. Pitts serves as Executive Vice President of Peninsula Developers, Inc. He is involved in all aspects of Peninsula Developers’ real estate development activities including architectural design and construction analyses and coordination. He is also involved in project conceptualization and design and surveying prospective development sites. Mr. Pitts is a licensed Real Estate Salesperson in the State of Florida and a member of the Urban Land Institute.

 

Otoria V. Pitts is responsible for organizational planning as well as directly overseeing several operating divisions including Development, Accounting and Marketing. Ms. Pitts’ experience and knowledge is valuable in achieving maximum results and efficiency from each of Peninsula Developers’ operating divisions.

Lorenzo Simmons acts as head of the Real Estate Consulting Division. He has over twenty years of residential and commercial development experience, including having served as former President of Tacolcy Economic Development Corporation.

 

Ms. Othius Susan Pitts is responsible for maintaining and coordinating the daily activities of the President and his management staff. Her administrative capabilities and knowledge of real estate development makes her an asset to our organization.

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