From 2003 until August 2021, Mr. Knutson was the Executive Vice President of the Trust and was first elected to the Board of Trustees in 2012. Mr. Knutson joined Valley Realty, Inc. in 1973 and was an owner of it until he sold his interest in the corporation in 2018. Valley Realty, Inc. provides property management, finance and construction management services to owners and operators of multi-family residential and other commercial properties, including the UPREIT. Mr. Knutson is an owner of the Advisor and was its Executive Vice President until January 1, 2020. Mr. Knutson was an owner of Valley Rental Service, Inc. and Horizon Real Estate Group, LLC, which provided property management services to the UPREIT, until he sold his interests in those companies in 2018.
