RICHARD C. CHENOWETH

M.J. Brock and Sons, Inc.

Dick Chenoweth was born in San Francisco in 1924 and moved to Los Angeles that same year where he still lives. He served in the U.S. Army Air Force from 1973 to 1946 and graduated from UCLA cum laude with a B.A. degree in Business Administration and Economics.

In 1948, he joined the construction firm of E.A. Kaiser, a builder of custom homes, small military projects, tract homes and light commercial developments. In 1956, he joined his present firm, M.J. Brock & Sons, Inc. as Chief Estimator of the General Contracting Division. In 1973, he attained the position of President and Chief Operating Officer and in 1984 he was elected to the office of Chairman of the Board and Chief Executive Officer.

In 1976, he was President of the Building Industry of Southern California and served as a Director of the California Building Industry Association. He was Commissioner for the State of California Housing and Community Development Agency from 1978-1982. He is a Senior Life Director of the National Association of Home Builders and is immediate Past Chairman of the Finance Committee. He is also an Advisory Board member of the Western Regional Office of the Federal National Mortgage Association (FNMA).

Dick was Vice Chairman of the Los Angeles Metropolitan Advisory Board of the Salvation Army, a Past chair of the Los Angeles Salvation Army Red Shield Youth Center Advisory Board, a Rotarian, an active member of the Los Angeles Chamber of Commerce and served on the Board of Directors of the Home Investors Government Guaranteed Income Fund, a NYSE listed mutual fund.

He was appointed to the Board of Trustees of Bank America Realty Investors, an equity-oriented real estate investment trust which invests primarily in shopping centers, apartments, hotels, industrial and office buildings. Bank America Realty Services, Inc., a wholly owned subsidiary of Bank America Corporation, is the adviser to Bank America Realty Investors.