Mr. Schrager is a principal and co-founder of Eightfold Real Estate Capital, LP a real estate investment and advisory firm. Prior to forming Eightfold, Mr. Schrager was the Chief Operating Officer of LNR Property LLC of the USA, from May 2003 until December 2010. In 1997, Mr. Schrager came to Lennar from Chemical Bank (now JP Morgan Chase) in New York, where he served as Vice President. Mr. Schrager received a Masters Degree in Business Administration from Harvard Business School in 1988.
As an independent Non – Executive member of the Board, Mr. Schrager will act as Chairman of the Audit Committee and as a member of the Compensation Committee which in each case is required to be established under the Junior Market Rules for the purposes of good corporate governance.