Peter Martay

Mr. Martay is a member of our board of directors, and previously served as Chairman of the Pre-Merger New Lake’s board of directors beginning in August 2019. Mr. Martay joined our board of directors upon completion of the merger in March 2021. Mr. Martay is currently the Chief Executive Officer and a Director of Pangea Properties, a private REIT based in Chicago. He joined Pangea Properties in 2009 as the company’s fifth employee and the Chief Investment Officer and took over as CEO in 2017. During his tenure Pangea Properties, he has directly overseen the acquisition of over 500 properties, totaling more than 13,000 apartments and over $800 million in value. Mr. Martay helped create the lending division at Pangea Properties, Pangea Mortgage Capital, which has completed over $300.0 million in short-term bridge loans on numerous property types across the country. Prior to joining Pangea Properties, he served as Vice President at Bernstein Global Wealth Management from 2005 to 2009. From 2002 until 2004, Mr. Martay also worked as an associate for Chicago-based private equity firm, Glencoe Capital. He started his career in investment banking at Deutsche Bank, as part of the Leveraged Finance Group, and received his BBA from the University of Michigan’s Stephen M. Ross School of Business.