MICHAEL TEHRANI & ASSOCIATES
OWNERS – DEVELOPERS - MANAGERS OF COMMERCIAL PROPERTIES
MEMBER OF INTERNATIONAL COUNCIL OF SHOPPING CENTERS

March 7, 2007

Dear Dr. Spagna;

It is great hearing from you. Here is my story since graduating:

Like my father I wanted to be self employed and started a business servicing electronic equipments and a few years later I became interested in investing in Real Estate. Since 1982 I have been exclusively involved in developing variety of properties in four different Cities in Connecticut.

Thanks for all your works and please stay in touch. Michael Tehrani.