Joseph F. Mullen

President, Madison Apartment Group
<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1">As senior vice president in charge of multi-family investments, Mr. Mullen is responsible for the acquisition, investment management and operation of Equus’ extensive multi-family portfolio.&#160; Mr. Mullen was instrumental in the formation of Madison Apartment Group, L.P., the Firm’s multi-family management affiliate, and was named president at its inception in 2001.</p> <p class="p1">Prior to joining Equus in 1988, Mr. Mullen was an accountant with Mathieson, Aiken &amp; Company.&#160; He is a Certified Public Accountant and is a licensed real estate salesperson in Pennsylvania.&#160; He also holds a B.S. in Accounting from DeSales University.</p> <p class="p1">Mr. Mullen is a member of the Board of Directors of the National Kidney Foundation of the Delaware Valley and a member of the Board of Directors of the Malvern Preparatory School. &#160;</p> </body> </html>