Michael Stein

With over 30 years of experience in the commercial real estate investment and
structured finance sectors, Michael has been involved in over $10 billion of equity
and debt real estate transactions. Prior to founding Pensam in 2009, Michael was a
partner in Miami-based Aztec Group, which invested in commercial, multihousing,
and hospitality transactions. He began his real estate career in 1990 with CB
Richard Ellis in Miami.

Michael is an active member of leading industry groups and councils such as the
Urban Land Institute (ULI), National Multifamily Housing Council (NMHC), CRE
Finance Council (CREFC), Mortgage Bankers Association (MBA), and American
Seniors Housing Association (ASHA). In addition to his business leadership, Michael
is active in local and national community organizations and philanthropic causes. He
was past chair of the Greater Miami Jewish Federation Commerce and Professions
division, a member of the collector’s council at the Miami Art Museum, a Patron of
the Contemporary Art Museum in Miami, and a Founder of Mount Sinai Medical
Center. Michael is on the Board of Directors of The Great Lakes Group, a Cleveland,
Ohio based maritime company.

Michael holds a Bachelor of Science degree in Business Administration from
Skidmore College and is an alum of Harvard Business School.