Mr. Zeckendorf is an owner and Co-Chairman of Terra Holdings, New York City's largest residential firm and parent company of Brown Harris Stevens and Halstead Property, LLC. Mr. Zeckendorf helps to oversee the twelve operating divisions of Terra Holdings with a specific focus on the residential brokerage operations, which, in 2001, sold $3.2 Billion of property in Manhattan. Mr. Zeckendorf has been in the real estate business for over 20 years and has focused on real estate development and acquisitions, as well as the purchase and management of real estate service companies.

Mr. Zeckendorf is also an Owner, Founder and Co-Chairman of Zeckendorf Realty, L.P., with his brother, Arthur W. Zeckendorf. In connection with Zeckendorf Realty, Mr. Zeckendorf has been involved in many areas of the real estate business. These activities include the development of approximately one billion dollars of real estate projects including 2,000 condominium apartments.

Zeckendorf Realty, L.P.'s most notable current project is the $150,000,000 development of 515 Park Avenue. Messrs. Zeckendorf are co-managing general partners, developers and owners of this project along with their partner, The Whitehall Fund, a proprietary investment fund managed by Goldman Sachs & Co. 515 Park Avenue is a 43-story condominium in Manhattan, the most luxurious apartment house built in over 50 years. 515 Park Avenue has established records for the highest priced residential property per square foot in Manhattan history. In 1999, Messrs. Zeckendorf also closed with Whitehall and the Starwood Opportunity Fund the $70,000,000 purchase of all remaining residential and retail units of the Gotham condominium. In 1995, Messrs. Zeckendorf also developed the Millennium Tower, a 75-unit condominium at the top of the Lincoln Square condominium, in partnership with Sumitomo Real Estate Sales and Goldman Sachs & Co.

Since 1994 Messrs. Zeckendorf have also been principals in approximately $200,000,000 of real estate acquisitions including the purchase of 770 Lexington Avenue along with Swig Burris Equities as well a numerous other properties.