Robert L. Shapiro

President of Master Development, Inc.

12

Plus Year's Experience In South Florida

.0

Million Feet² Of South Florida Retail Projects

385

Million Dollars+ In Completed Transations

7

Plus Decades of Experience with the Nation's Most Successful Retailers

About Robert L. Shapiro

Robert L. Shapiro is President of Master Development, Inc. which over the last 16 years, has been involved as a partner in several successful retail developments and redevelopments. Mr. Shapiro is currently one of the joint venture partners in Dania Pointe, a 3 million square foot Planned Mixed-Use Development on I-95 in the greater Fort Lauderdale area.

Since January 2015, Mr. Shapiro organized Master Development Partners, LLC in partnership with Terry Salzman. Master Development Partners is currently in the process of acquiring and developing several retail properties in South Florida.

From 2004-2009, Mr. Shapiro acquired and co-developed certain retail properties with Woolbright Development, Inc. The partnership developed and successfully sold several of their assets prior to the 2009 recession. Mr. Shapiro terminated his joint venture relationship with Woolbright in early 2009.

From February 2003 to April 2007, entities of which 'Bob' was a principal, acquired and redeveloped three properties in a joint venture with Konover South. These properties were subsequently sold for a substantial profit in April 2007 as contemplated in the original business plan.

In the 1990's, Bob was a Principal Partner and Chief Operating Officer/Director of Development of The Lefmark Group. Lefmark liquidated its assets after successfully developing over 30 properties with more than three million square feet of gross leasable area. Lefmark liquidated its assets resulting in over $500 million of sales value.

Mr. Shapiro is a graduate of the Wharton School at the University of Pennsylvania, with a J.D. law degree from the University of Connecticut Law School, and an LL.M. in Taxation from Georgetown University. A resident of Miami since 1971, Mr. Shapiro practiced law with the Myers Kenin and Greenberg Traurig law firms until 1981 when he founded his own law firm. Since 1986, Mr. Shapiro has been involved in the acquisition and development of approximately five million square feet of retail space in South Florida.

Mr. Shapiro has been a panelist regarding retail development at seminars of the International Council of Shopping Centers, the Florida Redevelopment Association and the Florida Board of Realtors.