Robert Jacoby

Mr. Jacoby is on the Advisory Board of APRC and has over 30 years of experience in real estate finance, banking and asset management. Mr. Jacoby is also the Chief Executive Officer of Philadelphia Private Capital, LLC ('PPC') where for 10 years he has which focused on commercial mortgage banking and established the firm's proprietary real estate private equity funds. Bob is well established in the Philadelphia market and he is highly regarded for his extensive experience in commercial debt and equity placement and in advising clients on the structuring of real estate investments.

Mr. Jacoby previously served as a Principal with the Philadelphia office of iCap Realty Advisors, LLC ('iCap'). While at iCap he completed over $750 million in debt and equity placements over an eight year period. He was a Principal and served as President and Chief Operating Officer of Progress Realty Advisors, LP, a mortgage-banking firm he co-founded. Additionally, Mr. Jacoby previously held the title of Senior Manager, Real Estate Advisory Services at Coopers & Lybrand, now Price Waterhouse Coopers, in Philadelphia and has worked for a number of major commercial banks in Eastern Pennsylvania.

Bob holds a BA in Economics and Business from Lafayette College and an MBA in Finance from LaSalle University. He also formerly served as a member of the Board of Governors and Treasurer of Sunnybrook Golf Club and on the Vestry and as Accounting Warden of the Church of St. Martin-In-The-Field. Bob also spent 10 years as an Armor Officer in the United States Army Reserve.