Financial Services >> CEO Interviews >> April 25, 2005

Philip Payne – Bnp Residential Properties Inc (bnp)

PHILIP S. PAYNE is the Chairman of the Board of Directors and Chief Financial Officer of BNP Residential Properties, Inc., a publicly traded REIT. Mr. Payne received a BS degree from the College of William and Mary in 1973 and a JD degree in 1978 from the same institution. He is a member of the Virginia State Bar Association (Attorney - licensed in Virginia), the National Association of Real Estate Investment Trusts, the National Multi-Housing Council (Board of Directors), the Urban Land Institute and the Urban Land Institute's Multi-family Council (Gold). He also serves on the Board of Directors of Ashford Hospitality Trust and serves as Chairman of its Audit Committee. He has written for several professional publications including the Urban Land Institute's Multifamily Housing Development Handbook (primary contributing author) and the National Association of Real Estate Investment Trusts' The REIT Report. From 1998 through 2000, he served on the Board of Editors of Real Estate Portfolio Magazine (NAREIT). Profile
TWST: What is BNP Residential Properties?

Mr. Payne: BNP is a mid-sized apartment REIT based in the Southeast. We

operate in North Carolina, South Carolina and Virginia. At present, we

own or