Board of Directors

Steven Shepsman is an Executive Managing Director and Founder of New World Realty Advisors, a real estate investment and advisory firm specializing in real estate restructurings, development and finance. Earlier in his career, Mr. Shepsman, a CPA, was a Managing Partner of Kenneth Leventhal and Company, and of Ernst and Young's Real Estate Practice. Mr. Shepsman is a Trustee of the University at Buffalo Foundation, and a member and former chair of the Dean's Advisory Council for the University at Buffalo School of Management.

Mr. Shepsman, Chair of the HHH Audit Committee, is highly qualified to be considered a financial expert based on his extensive background and experience in real estate finance, restructuring, and investment. As the Executive Managing Director and Founder of New World Realty Advisors, Mr. Shepsman has demonstrated a deep understanding of financial analysis, asset valuation, and financial restructuring. His leadership in managing complex real estate transactions, including acquisitions, financings, and dispositions, highlights his expertise in financial planning, due diligence, and strategic financial management. His prior roles as a managing partner at Kenneth Leventhal and Company and Ernst & Young’s Real Estate Practice further solidify his qualifications. In these positions, he was responsible for overseeing financial operations, conducting financial audits, and advising on corporate governance matters, providing him with comprehensive knowledge of financial reporting, internal controls, and regulatory compliance. His experience in these roles aligns directly with the criteria for a financial expert, particularly in the areas of accounting and financial oversight.

Moreover, Mr. Shepsman’s board experience, including his tenure as a director of Spirit MTA REIT and Rouse Properties, Inc., where he had oversight responsibility for significant financial decisions and governance matters, adds to his credentials as a financial expert. His role as a Liquidating Trustee for Spirit MTA REIT during its conversion to a non-traded liquidating trust underscores his capability in managing complex financial transitions and ensuring transparency and accuracy in financial reporting.

Finally, Mr. Shepsman’s long-standing involvement with The University of Buffalo Foundation, where he chairs the Properties Committee, showcases his ongoing commitment to financial oversight and strategic governance. His ability to navigate the complexities of financial matters within the real estate industry, combined with his professional accounting expertise, positions him as a well-rounded financial expert capable of providing valuable insights and oversight on financial, accounting, and corporate governance issues.