Our corporate governance structure

Board of directors

José Palma García
President

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Degree in Economics and Business Administration from the Complutense University of Madrid and an expert in risk analysis and financing and real estate refinancing processes. José has more than 30 years of experience in different Spanish banks such as Bankinter, Banco Zaragozano, and La Caixa, banks in which he has had experience directly related and directed to the real estate sector through different senior management positions at the concession level. of credit operations, management of company offices, relationships with group companies, and financing of relevant real estate operations in Spain. Through these different roles always related to the real estate sector, José has in-depth knowledge not only about the economic-financial health of companies and their balance sheets, but also about the analysis of real estate and market risks. His knowledge of the sector, his analytical skills, and his extensive experience in underwriting operations provide the company with a great asset.

José María Arcas Castro
Executive Director

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José María has developed a long professional career (more than 10 years) in Private Banking and wealth and investment management before starting his career in the real estate sector. He began his career at BNP and Merrill Lynch International in London in the early 1990s, and since 2000 he has participated as an investment director in several real estate entities designing the acquisition, development and sale of real estate assets and projects in Spain, the United States and Mexico. Degree in Business Administration from the University of Richmond in London, Diploma in Corporate Finance from the London Business School and from Real.

Eduardo Javier Escayol
Vocal other external

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Eduardo has 20 years of international experience in Private Banking, Capital Markets and Real Estate, managing wealth and structuring Private Equity Real Estate investments. Since 2004 he is Senior Partner at Capital Markets Argentina, providing Wealth Management, Brokerage and Asset Management services for families, companies and institutions. He began his professional career in 1998 at Banco Galicia de Argentina and later at HSBC Bank where he specialized in advising investors and wealth management. In 2006, he began structuring real estate investment vehicles in Argentina, which bought land to later develop residential condominiums and office buildings. In 2010, after the real estate crisis in the United States and together with his trusted investors, he made investments in the residential real estate market in Miami and New York. He is currently a Partner and Founder of Black Salmon Capital LLC, a Real Estate company based in Miami United States, which manages and invests funds from private investors, family offices, pension funds and institutional investors in Latin America. He manages numerous investment vehicles that acquired corporate buildings in the cities of Boston, San Francisco, Denver, Kansas, Pittsburgh, North Carolina, Portland, Baltimore, Miami, Hartford, Jacksonville, Houston, Detroit and New Jersey.

Alba Barrena Valverde
Director Other External

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Alba Barrena accumulates an experience of more than 20 years exercising managerial responsibilities in the real estate and financial world. With a degree in Business Administration, she began her career as Financial Director in real estate companies, continuing her work in the financial sector where she has spent more than 15 years exercising functions closely connected with the real estate business and the housing market. Among other functions, she was business director at Caja San Fernando and also Director of Real Estate Risk Management at the national level at Banco Mare Nostrum. It is, in this case, an entity that was born with more than € 70 billion in assets, as a result of the merger of four old Spanish savings banks. Likewise, it has participated in the process of transferring real estate assets to SAREB and in their subsequent management. On the other hand, he has been a member of the administrative and governing bodies of various real estate companies during the financial and real estate crisis and actively participated in the restructuring process of AYCO during the last three years, which gives him a deep knowledge of the company and a ideal profile to belong to its governing bodies.

Martin Federico Masló
Independent Member

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Martin Masló is the authorized holder of BRN Capital. Recognized businessman with corporate experience and entrepreneurial initiative, Asset Manager specialized in Real Estate investment funds. At the age of 19, he created his first interactive communication company and was, in the early 90's, one of the most recognized references in the development of the Internet market in Argentina. After selling his company to the Konex group, he was part of the team of directors of Grupo Clarín, where he acquired vast experience in corporate work, being in charge of more than 400 people in 3 countries. In 2004 he founded Resultics Argentina SA, a marketing and digital media agency, where he acted as CEO until 2010, and having successfully led its regional expansion in Mexico, Peru and the United States, he served as a member of the Board of Directors and Strategic Advisor. until 2015. In 2006 Martin was part of the board of directors of Propell, (Bioclimatic industrialized housing development company), and later of CPyD, (the first consortium of road technology in South America formed by PAT Traffic Brasil and Ciemsa Uruguay). I participated in the assembly of the merger of CPyD with Ciemsa and to this day falls as personal advisor to the CEO of CSI Ingenieros and CIEMSA Uruguay. In 2007 he began to participate in the real estate development market in Argentina, leading a group of people and companies dedicated to the purchase of land that later continued to expand also in the purchase and rental of logistics and storage spaces. In 2009, in the midst of the financial crisis in the United States, he began to make personal investments in the real estate market and taking advantage of his extensive knowledge in investment structures to add a select group of investors who have accompanied him since then. In 2011 he joined BRN Capital Real Estate Investment Fund. Martin is also a recognized leader and philanthropist. He is part of the directive commission of IDI, (Institute of Interreligious Dialogue). Due to his vast and diverse career, Martín Maslo has the experience of having been a corporate director and self-employed entrepreneur. His continuous professional and voluntary work relates him day to day, with investment funds, banks, institutional investors, clients, agents, international financial entities, large donors, non-governmental organizations, civil associations, and foundations.

Rafael Escalante Guevara
Sunday member

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Rafael Juan Manuel Escalante Guevara is a Lawyer and Master in Financial Analysis with more than 15 years of experience in the investment and wealth management sector. Lawyer with financial experience, specialist in investment foundations; He has extensive experience in the analysis of private equity and venture capital projects. He began his professional experience in the criminal department of Bufete Gastélum, SA de CV with responsibility in the Criminal and commercial litigation area. Becoming acting Head of criminal litigation and consulting, specialized in financial crimes. Active participation in negotiation procedures with clients and opposition lawyers. After a brief stint at Banco Gallego, SA where he took charge of the Executive Treasury Office, becoming the youngest Executive with investment responsibilities. Subsequently, he began to develop his activity in the Batis Corporation, a company dedicated to Asset Management, occupying positions of Deputy Managing Director, Financial Director and later General Director.

Emilio J. Carrera Rodríguez
Council secretary

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Degree in Law from the Complutense University of Madrid, class 1973. Member of the Madrid Bar Association as a practitioner since January 1974. Own professional office since October 1977. External legal advisor, as head of hotel establishments in central Spain and national courts, of the SOL-MELIA group, from June 1984 to June 1999. Secretary of the Board of Directors of ADMINISTRACION FINANCIERA E INMOBILIARIA, SA from June 1988 to September 1990. Secretary of the Board of Directors and director of legal advice for PROMOCIONES Y CONCIERTOS INMOBILIARIOS, SA, from October 1988 to October 2016.

Monica Nascimiento Ball
Independent Director

Appointments and remuneration committee

Martin Federico Masló
President

José Palma García
External member

Alba Barrena Valverde
Vocal Other External

2018

Composition of the Appointments Committee

Modification to the composition of the Appointments Committee

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2015

Commission appointments - 10/13/2015

Errata regarding the appointment in the audit and appointment committees

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Audit committee

José Palma García
President

Martin Federico Masló
External Member

Alba Barrena Valverde
Vocal Other External

2018

Composition of the Audit Committee

Modification to the composition of the Audit Committee

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2014

Audit Committee - 3/31/2014

Resolution of the General Shareholders' Meeting modifying the composition of the Audit Committee

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2013

Audit committee - 1/20/2013

Modification in the composition of the Audit Committee

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Normative

General Meeting Regulations

2015

General Meeting Reports - 6/16/2015

Articles 3, 5, 6 and 11.4 of the Regulations of the General Shareholders' Meeting of the Company are amended and a new consolidated text of said regulations is approved

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Board of Directors Regulations

2015

Oros on Corporate Governance - 12/4/2015

Certificates that the General Meeting Regulations have been adapted to the new legal requirements and that the latest revised text of the General Meeting Regulations has been approved by the Ordinary General Meeting of the Company

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Statutes

2016

Adaptation of statutes No. 222 of 1991

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Extension of Statutes No. 280 of 2005

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Modification of statutes

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Modification of statutes

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