BRIAN FENNELLY

Brian Fennelly is the Vice President and Chief Financial Officer at Forest City Stapleton, Inc.

Mr. Fennelly assumed his position in 2004.  He has over 20 years of experience in finance and banking, during which he managed debt portfolios exceeding $1 billion and investment loan portfolios up to $100 million.  He joined Forest City from the Greenwood Village offices of Adelphia Communications where he was the Assistant Treasurer.

Prior to that time, he was Vice President of Finance for Chateau Communities, a real estate investment trust.  Mr. Fennelly also worked for various banking companies in Colorado, including KeyCorp and Bank One, Colorado.

He is a graduate from the University of Denver with a degree in accounting as well as a M.B.A.