Mr. Medzigian is Chairman and Managing Partner of Watermark Capital Partners, LLC, a real estate investment
management firm, and is also President, CEO and a Director of Carey Watermark Investors Inc., and Carey
Watermark Investors 2 Inc., both publicly-registered Real Estate Investment Trusts. His activities are focused on
complex assets that benefit from demographic shifts, strategic marketing, and value-creation and repositioning
initiatives, including hotels and resorts, golf and recreation, resort residential, and mixed-use projects. Over his
career he has successfully overseen over $17 billion of real estate investments and has delivered superior riskadjusted returns to his investors.

Prior to the formation of Watermark Capital Partners, Carey Watermark Investors and Carey Watermark Investors
2, Mr. Medzigian oversaw some of the largest real estate private equity firms in the world. Most recently he was
President and CEO of Lazard Freres Real Estate Investors and a Managing Director of Lazard where he was
recruited to oversee the repositioning of a real estate opportunity fund operation including five discretionary
equity funds with $3 billion of committed capital and a $7 billion portfolio of holdings in the U.S. and Europe
that included ownership in 12 operating companies in the office, industrial, retail, lodging, senior living, rental
and for-sale residential, and land development sectors; and ownership in a provider of mezzanine, structured debt
and net lease finance. While at Lazard, Mr. Medzigian chaired the Investment Committees for each of the Lazard
Real Estate Funds. He was previously a Founding Partner and Investment Committee Member of Olympus Real
Estate Corporation, the real estate fund management affiliate of Hicks, Muse, Tate & Furst, which during his
tenure, successfully invested over $3 billion in a broad range of real estate holdings. Earlier in his career, Mr.
Medzigian was President of Cohen Realty Services, he founded and was National Director of the Hospitality
Consulting Practice at Deloitte & Touche, and he held various management positions with Marriott Corporation.