Kenwood Management Company, LLC ("Kenwood") was founded in early 1997 by Hank Bowis and Phil Ackley as a vehicle to attract private equity from long term investors and to provide superior property management services for its commercial real estate throughout the Baltimore and Washington Metropolitan Area. Kenwood's first acquisition was the Kenwood Office Building, a 54,000 sq. ft. seven story building located in Bethesda, MD. Kenwood purchased this property in January 1997 from Mutual of New York ("MONY"). Kenwood closed on this asset within 45 days from receiving the seller's property information. In April 1997, Kenwood acquired the Reston-Herndon Business Park, a 280,000 sq. ft. industrial/self storage property located on 16 acres in the town of Herndon, VA. Again, the seller needed a short study period, fast close and all cash buyer. Kenwood met the seller's requirement