Casey Frazier joined Versus Capital Advisors LLC as the Chief Investment Officer in 2011. Previously, Mr. Frazier was a Senior Vice President of NRF Capital Markets LLC from 2010 to 2011, where he was responsible for product development and due diligence for the firm including helping to develop products to be sold in the retail broker-dealer channel, managing the due diligence process for existing products and overseeing the marketing efforts of the firm. Prior to that Mr. Frazier acted as the Chief Investment Officer for Welton Street Investments, LLC and Welton Street Advisors LLC from 2005 to 2010. In this capacity he reviewed and monitored all prospective securities offerings and investments. From 2004 to 2005 he was an Assistant Vice President, Asset Management of Curian Capital LLC ("Curian"), a registered investment adviser. In this capacity, Mr. Frazier helped supervise the asset allocation and money manager selection for Curian's turnkey asset management program. Previously, Mr. Frazier managed the due diligence process for the National Planning Holdings' ("NPH") broker/dealer network from 2003 to 2004. Mr. Frazier received a Bachelor of Arts degree in American Political Economy from The Colorado College, and has earned the CFA (Chartered Financial Analyst) designation. The Board is aided by Mr. Frazier's strong investment management skills.

Bill Fuhs is the President of Versus Capital Advisors. Mr. Fuhs is a member of the Versus Investment Committee. He has served as the President since joining Versus Capital Advisors in 2010.

Dave Truex is the Deputy Chief Investment Officer of Versus Capital Advisors. Mr. Truex is a member of the Versus Investment Committee. He has served as the Deputy CIO since joining the Adviser in 2017. Prior to joining Versus Capital Advisors, Mr. Truex was a Portfolio Manager for Colorado’s Public Employees Retirement Association.

Manno Jr., is CEO, Managing Director and the Chief Investment Officer of Security Capital Research & Management Inc, a subsidiary of Security Capital. In addition, Mr. Manno is Chairman and President of Security Capital Preferred Growth Incorporated and Security Capital Real Estate Mutual Funds Incorporated. Prior to joining the firm in 1994, he spent 14 years with LaSalle Partners where, as managing director, he was responsible for real estate investment banking activities. He began his career in real estate finance in 1974 at The First National Bank of Chicago. He received his MBA in finance with honors from the University of Chicago and graduated Phi Beta Kappa from Northwestern University with a BA and MA in economics.

Kelly D. Rush, CFA - CEO, Public Real Assets & CIO, Real Estate Securities  As CEO Of Public Real Assets, Kelly provides executive level leadership of Principal Asset Management’s listed real assets strategies including both real estate securities and listed infrastructure. As CIO of Real Estate Securities, he is further responsible for directing the daily activities of the listed real estate securities unit. Kelly founded Principal’s listed U.S. equity real estate securities business in 1998. Under his leadership, the business expanded into managing global strategies in 2007 and the firm is widely recognized as an industry leader in managing listed real estate equity securities. In 2019, Kelly played a leading role in the firm’s launch of a listed infrastructure strategy by successfully advocating for the development of the strategy and the hiring of the lead portfolio manager. Kelly joined the firm in 1987 as a member of Principal Financial Group’s real estate investment division. As a private market investment professional, he was responsible for generating commercial mortgage loan investments. In the mid-1990s his focus shifted to structuring commercial mortgage loans for public real estate companies and analyzing bonds issued by the same. Kelly received his MBA in business administration and a bachelor’s degree in finance from the University of Iowa. He has earned the right to use the Chartered Financial Analyst designation and is a member of both the Iowa Society of Financial Analysts and the CFA Institute.

Kevin W. Bedell is a Managing Director of Security Capital Research & Management Incorporated where he directs the Investment Analysis Team, which provides in-depth proprietary research on publicly listed companies. Prior to joining Security Capital in 1996, Mr. Bedell spent nine years with LaSalle Partners Limited where he was Equity Vice President and Portfolio Manager, with responsibility for strategic, operational and financial management of a private real estate investment trust. Mr. Bedell received an MBA in Finance from the University of Chicago and a BA from Kenyon College.

Marc is a managing director, portfolio management, for Principal Global Investors. He is responsible for managing the commercial mortgage-backed securities (CMBS) within the multi-sector fixed income portfolios. Marc joined the firm in 1992. Previously, he was an accountant for The Principal Financial Group. He received an MBA from Drake University and a bachelor's degree in accounting from Luther College. Marc has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Society of Iowa. He is also a member of the Commercial Mortgage Securities Association.

Anthony Kenkel, CFA, FRM - Deputy Chief Investment Officer - Real Estate Securities   Anthony is a global portfolio manager of real estate securities for Principal Real Estate, the dedicated real estate unit of Principal Asset Management. As Deputy CIO, he is responsible for portfolio management and risk management across the firm’s REIT and listed real estate securities strategies, including both the Global and U.S. real estate securities strategies. Anthony is also the lead portfolio manager for the firm’s income-oriented real estate securities’ strategies and previously led both the firm’s Asian and Americas listed real estate capabilities. Based in Chicago, Anthony previously served in the firm’s Singapore and Des Moines locations. Anthony initially joined Principal in 1997. In 2000, he became a real estate consultant for Arthur Andersen before joining GATX Corporation as a senior financial analyst in 2002. Anthony rejoined Principal in 2005 and his tenure with the firm has been in the analysis and portfolio management of listed real estate securities. He received a bachelor's degree in finance from Drake University and an MBA from the University of Chicago Graduate School of Business. Anthony has earned the right to use the Chartered Financial Analyst and Financial Risk Manager designations.

Simon Hedger - Global Portfolio Manager, Real Estate Securities   Simon is a global portfolio manager for Principal Real Estate, the dedicated real estate unit of Principal Asset Management. Based in London, he is responsible for the firm's Europe, Middle East, and Africa real estate capability in REITs and listed real estate securities. Simon has real estate experience dating back to 1978, including extensive time spent in both the United Kingdom and Australia markets as an analyst and portfolio manager. Previous to joining Principal Asset Management in 2003, Simon worked for Domaine real estate funds where he managed the assets of its real estate syndicates and as a senior equities analyst at Prudential Bache/BNP Equities. His background also includes a variety of real estate related roles with Prudential Assurance Company, positions as fund manager for Paladin Commercial Trust, and GEM Commercial Property Trust. Simon received an MBA from the University of New England and is an associate member of the Royal Institute of Chartered Surveyors, the Australian Property Institute, and the FTSE EPRA NAREIT European Regional Index Committee.