Scott Timothy Frederiksen

Welsh Property Trust, Inc. is a vertically integrated, self-administered and self-managed real estate investment trust, or REIT, formed to continue and expand the 32-year-old business of the Welsh organization. They acquire, own, operate, and manage industrial and office properties primarily across the central United States and provide real estate services to commercial property owners in central U.S. markets. Upon completion of this offering and the formation transactions described herein, they will own and manage its existing portfolio of 64 income-producing properties, consisting of 56 industrial and eight office properties comprising in the aggregate approximately 9.3 million leasable square feet. Its existing portfolio also includes five parcels of vacant, developable land totaling approximately 44 acres in four markets. All of its land holdings are adjacent to real estate assets in its existing portfolio and they believe they will provide attractive development opportunities when market conditions improve. They will also own an economic interest in a portfolio consisting of 10 industrial and four office properties totaling approximately 3.2 million leasable square feet. They expect to maintain management and leasing responsibilities for this portfolio, which they refer to as its joint venture portfolio. Its existing portfolio and its joint venture portfolio are referred to together as its real estate portfolio

Welsh Cos., Inc. provides construction services. The private company is based in Minneapolis, MN. The company was founded by Dennis J. Doyle. Dennis J. Doyle has been the CEO since incorporation.

WPT Industrial Real Estate Investment Trust engages in the acquisition, development, and owning industrial investment properties. It focuses on the warehouse and distribution properties. The company was founded on March 4, 2013 and is headquartered in Toronto, Canada.

National Association of Real Estate Investment Trusts, Inc. is an American company that provides an array of industry data prepared by NAREIT staff and other outside sources. The non-profit company is based in Washington. The company specializes in REITs, or real estate investment trusts, which are companies that own or finance income-producing real estate across a range of property sectors. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors. Steven A. Wechsler has been the CEO of the company since 1997.

Society of Industrial & Office REALTORS (SIOR) is a commercial real estate association that represents the world's top producing brokers. The non-profit company is based in the United States and has subsidiaries worldwide. SIOR offers categories and an application process for membership, collaborating with industry leaders through its industry partner programs. SIOR membership signifies that you are among the most knowledgeable, experienced, and successful commercial real estate brokerage specialists. Robert Thornburgh has been the CEO of the American company since 2021.

Welsh Cos. LLC provides real estate services.

WPT Capital Advisors LLC provides real estate investment management services. The firm focuses on industrial properties located in major distribution and supply-chain markets. It operates as an integrated platform with internal capabilities in all facets of investment management from transaction sourcing and execution to legal, accounting and financial reporting. The company was founded in 2016 and is headquartered in Minneapolis, MN.

Welsh Property Trust LLC operates as real estate investment trust. It focuses on developing, acquiring and managing state-of-the-art, class A, industrial properties. The company was founded in 2010 and is headquartered in Minnetonka, MN.