United Development Funding IV fka UDFI

[Enterprising Investor]

Remaining Trustees are deemed "independent".

Phillip K. Marshall
• Certified Public Accountant, Texas
• Independent Trustee, Chairman of Audit Committee, United Mortgage Trust (2006)
• Chief Financial Officer of public and private oil and gas, water technology, restaurant and entertainment companies (2003)
• Former Principal and Audit Partner for Whitley Penn independent certified public accountants (2001)
• Former Director of Audit Services for Jackson & Rhodes, PC (1992)
• Former Audit Partner for Toombs, Hall and Foster and KPMG Peat Marwick (1987)
• B.B.A., Accounting, Texas State University (1972)

J. Heath Malone
• Co-Founder and Partner and Chief Financial Officer of Max Industries, Ltd. d/b/a Furniture Max (2002) ($15MM)
• Former Chief Financial Officer of Mericom Corporation (1998) ($60MM)
• Former Chief Operating Officer of OmniAmerica Development, a Hicks Muse & Tate company (1995)
• Former Chief Financial Officer of US Alarm Systems (1992)
• Accountant, Arthur Andersen (fraud audit team) (1989)
• Certified Public Accountant state of Texas
• B.A., Accounting, Southern Methodist University (1989)

Stephen J. Finkel
• Founder and President of National Brokerage Associates a full service insurance brokerage house (1995)
• Member of the Board of Directors of the National Association of Life Brokerage Agencies
• Partner, Broker Resources of America
• Former board member District of Columbia Association of Insurance and Financial Advisors
• B.B.A. Georgia State University (1972)

Lawrence S. Jones
• Partner in charge of Coopers & Lybrand’s national REIT practice from 1992 until March 1998.
• Managing Director of Encore Enterprises, Inc. – Equity Funds – August 2008 to April 2010,
• Senior Audit Partner with PricewaterhouseCoopers LLP – September 1999 to July 2007,
• PWC’s representative to the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”) – 1999 to 2007,
• Executive VP and Treasurer of Wyndham International, Inc.,
• Independent Director and as the Chairman of the Audit Committee of CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) since March 2012,
• Professional Accounting Fellow with the Office of the Chief Accountant of the SEC in Washington, D.C. from July 1982 to June 1984,
• Current member of the National Association of Corporate Directors, NAREIT, the Urban Land Institute (ULI) and the American Institute of Certified Public Accountants.
• B.A. in Economics and Corporate Finance from the University of California at Berkeley, and a master’s degree in Corporate Finance from the UCLA Anderson School of Management.

http://www.udfiv.com/leadership/