Marjorie Cheshire is President and Chief Operating Officer of A&R Development Corporation (“A&R”), a diversified real estate investment company which owns large-scale multifamily, commercial and mixed-use properties, where she is responsible for the firm’s business operations, asset management, and strategic initiatives. Prior to joining A&R, Ms. Cheshire spent many years in senior leadership positions in the media and sports industries. Ms. Cheshire was the Senior Director of Brand & Consumer Marketing for the National Football League, was a Vice President of Business Development for Oxygen Media, and served as a Director and Special Assistant to the Chairman & CEO of ESPN. Early in her career, Ms. Cheshire also worked as a consultant at The Boston Consulting Group and in brand management at Nestle Foods. She serves as a Director of our sponsor, PNC, where she is Chair of the Compliance Committee and Chair of the Special Committee on Equity & Inclusion, is a Director of Exelon Corporation, Chair of the Board of Baltimore Equitable Insurance, and is a Trustee of Johns Hopkins Medicine and The Johns Hopkins Hospital. She also actively volunteers with other local civic organizations focused on education and the arts. Ms. Cheshire received a B.S. in Economics from the Wharton School of the University of Pennsylvania and a
M.B.A. from the Stanford University Graduate School of Business.