Leadership

Caskie Collet

John Caskie Collet

President

John Caskie Collet

President

Caskie Collet joined The Reliant Group in 2005 and currently serves as President. He is the co-owner and co-founder of Reliant Group Management and Reliant Property Management. Mr. Collet is responsible for the day-to-day management of Reliant Group Management, focusing on new acquisitions, capital transactions and operational performance of the existing portfolio of more than 14,600 apartment units nationwide. Mr. Collet specializes in developing financial structures and implementing operational strategies to enhance financial returns for CAP fund investors. Mr. Collet directs all disposition and financing transactions for the CAP Funds and the tax credit portfolios, in addition to providing leadership and direction to the senior management team.

Mr. Collet began his professional career as an asset manager focused on the workout and disposition of a $1.2 billion portfolio of Resolution Trust Corporation sub-per- forming and non-performing real estate loans secured by multifamily, retail, and hospitality assets across the country.

After earning his MBA at The Wharton School in 1999, Mr. Collet served in several finance and business development positions focused on real estate acquisition, corporate finance, distressed asset management and financial restructuring.

Mr. Collet serves on the board of directors of Equality Community Housing Corporation and is a director and the treasurer of Texas Council of Foundation for Social Resources, non-profit organizations focused on the ownership of community based affordable housing. He is also an advisor to the board of directors of Rainbow Housing Assistance Corporation, a national organization providing on-site resident services and pursuing the development and preservation of service enriched affordable housing across the US.

Mr. Collet previously served as the Chief Operating Officer and has expanded his duties to become President of Reliant Group Management. In this role, he continues to man- age the day-to-day operations of the company, the CAP Funds and the tax credit assets. The company’s executive leadership group reports to him, including the Controller and heads of five departments: construction, asset management, acquisitions, portfolio management and capital markets.

Mr. Collet earned his BS in business from the University of Southern California and an MBA in Entrepreneurial Finance from the University of Pennsylvania’s Wharton School of Business. He resides in the San Francisco Bay Area with his wife and three children.

Joseph L Sherman

Joseph L. Sherman

Chief Executive Officer

Joseph L. Sherman

Chief Executive Officer

Joseph L. Sherman is the Chief Executive Officer and co-founder of The Reliant Group and the co-owner and founder of Reliant Group Management and Reliant Property Management. Mr. Sherman has directed capital formation and acquisitions for the CAP Funds over two decades, employing a hands-on approach with each in- vestment to ensure successful execution. He specializes in acquiring real estate assets with complicated, multifaceted issues, including remediation, repositioning, renovation and new construction.

Mr. Sherman began his career as a real estate attorney in Washington, D.C., with Lane & Edson, PC, representing affordable and market rate multifamily housing developers. In 1985, Mr. Sherman left the practice of law to join Oxford Development Company, the country’s second largest developer of multifamily housing and the largest developer-user of tax-exempt financing for multifamily properties.

Mr. Sherman founded The Reliant Group in 1992 to serve as a general partner in a partnership with the RTC. From 1992-1997, The Reliant Group acquired over $750 MM of sub-performing and non-performing loans in partnership with the RTC. In 2001, Mr. Sherman focused The Reliant Group on the acquisition and development of affordable housing, launching the CAP series of investment funds.

He founded and serves as President of Rainbow Housing Assistance Corporation, a non-profit owner of service-enriched low and moderate-income housing, and he is President and a director of Texas Council Foundation for Social Resources, a non-profit own- er of affordable housing. Mr. Sherman previously served as Chairman of the Real Estate Capital Recovery Association and as Executive Director and President of Equality Community Housing Corporation. He was a founder and trustee of The Bay School, a STEM high school in San Francisco; and he is currently on the board of trustees of JAS Aspen Snowmass and San Francisco Jazz, the first free standing jazz concert venue in the US.

Mr. Sherman earned his BA from Bowdoin College magna cum laude and his JD from Georgetown University Law Center. He resides in Aspen, CO.

Mr. Sherman has transitioned from President to Chief Executive Officer of Reliant Group Management. His focus is on articulating the company’s vision and establishing its culture. He will continue to be involved in strategic decisions to guide the company’s growth and oversight of the company’s executive team and senior management, but the day-to-day operations will reside with Mr. Collet and a team of six senior leaders of the firm. Mr. Collet and Mr. Sherman have worked together side by side for over 16 years, establishing a team and management style that has resulted in a history of success. The leadership transition was initiated more than 5 years ago and accelerated during the pandemic.

Christopher Flynn

Christopher Flynn

President, Reliant Property Management

Christopher Flynn

President, Reliant Property Management

Christopher Flynn joined The Reliant Group in 2008. He serves as President of Reliant Property Management, which operates in the western US, managing a portfolio of over 4,000 units of market rate and affordable housing. He has implemented numerous advanced technology-driven solutions into the asset management process, which maximize rents, manage utility expenses, evaluate marketing efficacy, and provide real time operational data to senior management. Mr. Flynn also serves on the CAP Funds investment committee.

Mr. Flynn has in-depth asset management experience, having managed over 90 multifamily properties and nearly 20,000 units across the United States throughout his career. Prior to Reliant Group Management, he worked for a commercial real estate developer in the North Bay and a large institutional apartment owner in Los Angeles.

Mr. Flynn is a partner in Reliant Group Management and is involved in the key executive and managerial decisions. While his focus is on the operations of Reliant Property Management, he forms the core of the management nucleus with Mr. Collet and Mr. Sherman

Mr. Flynn earned his BS in Business and Economics from Arizona State University in Tempe, AZ. He resides in Fairfield, CA, with his wife and two children.

Yari Wajid

Yari Wajid

Director, Portfolio Management

Yari Wajid

Director, Portfolio Management

Yari Wajid initially joined Reliant Group Management in 2005 as a senior acquisition analyst and was responsible for evaluating potential tax credit and bond-financed transactions. After attending business school, he rejoined Reliant Group and currently serves as Director of Portfolio Management. In this capacity, he oversees all investor capital calls and distributions for the CAP funds and is responsible for evaluating and reporting portfolio and individual asset performance. In addition, he is responsible for identifying potential capital transactions and establishing portfolio-level strategies to optimize investor returns.

Mr. Wajid worked as a Director of Research for a startup private wealth management/ venture capital firm for a brief period after graduate school. Earlier in his career, he worked at Wells Fargo & Co. in commercial loan originations and at Arthur Andersen, LLP, as a strategy consultant.

Mr. Wajid earned his BA in economics from the University of California, Berkeley, and an MBA with an emphasis in finance and investment management from Columbia Business School. He resides in the Bay Area with his wife.

Sanj Kakar

Sanj Kakar

Chief Acquisitions Officer

Sanj Kakar

Chief Acquisitions Officer

Sanj Kakar joined The Reliant Group in 2011 and currently serves as Chief Acquisitions Officer for Reliant Group Management. Mr. Kakar oversees the acquisitions team and focuses on the purchase of market rate, senior and student multifamily properties for the CAP Funds. Mr. Kakar has acquired and sold $1.5 billion of real estate assets throughout his career.

He began his career in investment real estate in 1994 at Marcus & Millichap. He became a Vice President of Acquisitions at RK Properties in 1999. During his tenure at RK Properties, he built a team that acquired and sold thousands of multifamily units and significantly expanded RK’s footprint. He subsequently worked for Fowler Property Acquisitions, where he was Vice President of Acquisitions in the Southwest Markets and covered all commercial real estate product types, including multifamily, land, office, retail, and industrial properties. As the market shifted, he focused strictly on residential housing and took a role at Compass Acquisition Partners as the SVP of Acquisitions and acquired distressed single-family and multifamily assets in the western US. Before joining Reliant Group Management, Mr. Kakar led a newly created multifamily division of Champion Development.

Mr. Kakar earned his BS in Finance from California State University Long Beach. He resides in the Los Angeles area, with his wife, son, and daughter.

Matt Whyland

Matt Whyland

Director, Asset Management

Matt Whyland

Director, Asset Management

Matt Whyland joined The Reliant Group in 2015 and serves as Director and co- head of Asset Management. In this role, he is responsible for the oversight and performance of the entire portfolio, which includes affordable, market rate, and student housing properties. In addition, he has direct oversight of a select number of properties, primarily in the Pacific Northwest.

Prior to joining Reliant Group, Mr. Whyland worked for Wells Fargo Bank, where he was an Asset Manager for a portfolio of over 90 tax credit properties in the capacity of the Limited Partner. He began his career in real estate at JRK Property Holdings, a privately held real estate investment company based in Los Angeles. While at JRK, Mr. Whyland asset managed a portfolio of market, senior, and tax credit multifamily properties totaling over 4,000 units located throughout the United States.

Mr. Whyland earned his BA from Dartmouth College. He resides in the Seattle area with his wife, two daughters, and two Labrador retrievers.

Eric Karnes

Eric Karnes

Director, Asset Management

Eric Karnes

Director, Asset Management

Eric Karnes joined The Reliant Group in 2013 and serves as Director and co-head of Asset Management. In his current role, he is responsible for overseeing the Asset Management team and portfolio, including senior living, market rate and affordable assets. He also has direct oversight of a portfolio of assets primarily located on the West Coast and in the Southwest.

Prior to joining Reliant, Mr. Karnes worked for Trigild, a San Diego-based commercial real estate fiduciary and advisory firm. While working at Trigild, Mr. Karnes oversaw the disposition of over $250 million of distressed real estate assets. He managed a diverse portfolio of commercial real estate, including over 5,000 multi-family units, 4 million square feet of retail space and 1 million square feet of office properties. Prior to leaving Trigild, he re-located to San Francisco to establish a new office and build their Northern California presence.

Mr. Karnes received his BA from San Diego State University with a concentration in Finance. He resides in Orange County, CA, with his wife and three children.

Katherine Whipple

Katherine Whipple

Controller

Katherine Whipple

Controller

Katherine Whipple joined The Reliant Group in 2013 and serves as Controller for Reliant Group Management. In this capacity, she manages the accounting activity and compliance reporting for Reliant Group Management, its tax credit portfolios and the CAP Funds series.

She brings over 25 years of experience in real estate accounting and taxation for complex, multi-tiered ownership entities to this position. Prior to joining Reliant Group Management, she served as Controller for a privately held real estate investment, construction, development, and property management firm located in Boston, MA. Earlier in her career, she was responsible for the day-to-day management of the tax team for a national syndicator of LIHTC.

Ms. Whipple is a Certified Public Accountant, having received her BS degree from the University of Colorado and completed her accountancy coursework at Bentley College. She currently lives in the Bay Area with her husband.

Blaise Descollonges

Blaise Descollonges

Director of Construction

Blaise Descollonges

Director of Construction

Blaise Descollonges joined The Reliant Group in 2019 and serves as the Director of Construction for Reliant Group Management. Mr. Descollonges oversees all construction related projects, from new construction to the renovations of existing assets.

Mr. Descollonges has spent the bulk of his career working in the field of architecture and construction, with a focus on multi-family housing.

Mr. Descollonges worked at RSS Architecture as a Senior Associate for over sixteen years, taking projects from concept to final completion. His role included marketing, business development, proposals, project design, design development, construction documents, project management, construction management, project permitting, entitlements, city and inspection coordination, client coordination, consultant coordination and contractor coordination.

Mr. Descollonges earned his professional architectural degree from California Polytechnic State University, San Luis Obispo. He resides in the Bay Area with his two children.

Expertise

Our approach to excellence is simple. We build creative solutions that combine sophisticated financial and real estate analytical capabilities with an alignment of all stakeholder interests. An unmatched expertise in these fields allows us to identify value where others can’t and deliver the best value to the seller. Reliant’s sustainable competitive edge is a byproduct of our vertical integration, combined with a process and platform developed over three decades in business.

Depth

Our skills are specialized and extensive. With professional expertise in low-income housing tax credits, tax-exempt bond finance, construction, environmental remediation, rehabilitation, asset and property management, and social services, our staff possesses a broad range of talents. We collaboratively problem solve and bring creativity to complex transactions. Reliant’s national presence and hands-on approach allow us to quickly understand and evaluate complex issues, enabling us to reach the best value and assure certainty of close.