Mr. DeFrancia is a Principal & Shareholder of Lowe Enterprises, Inc., a national real estate development company engaged in residential, commercial and resort development activities. He is also the President of Weston Capital Corporation, an affiliated, privately held firm engaged in real estate asset management, consulting, and development on behalf of private investors, banks, government agencies and insurance companies. Earlier, he held several positions with ITT Corp., including President of its Levitt home building subsidiary in Puerto Rico and later responsibility for the restructuring and sale of ITT/Levitt’s international land assets. Before joining ITT, he held executive positions with an international investment group in Venezuela. Prior to his private sector experience, Mr. DeFrancia served as an Officer in the U.S. Navy. Posts included Headquarters Support Activity, Saigon; Aide to the commanding Rear Admiral NSC San Diego; Office of the Chief of Naval Operations; and the U.S. Embassy, Caracas, Venezuela. Following an additional 20 years in the Naval Reserve he retired with the rank of Commander.

He has extensive experience in development of master planned communities nation-wide and internationally. More recently, he has been engaged in hotel and resort development in the Rocky Mountain region, including projects in Aspen, Gateway Canyon/Grand Junction, and Steamboat Springs. He also oversaw operations of hotel assets in Aspen/Snowmass in his capacity as the Receiver of some $500 million in real estate assets there, appointed by the District Court of Colorado. He further served by appointment of the British Court as the Receiver & Manager of Shanghai Links Executive Community Inc., a British company holding land use rights in China, where he was actively engaged in community development in Shanghai, including golf course development.

Mr. DeFrancia is a Life Trustee of the Urban Land Institute and a member of ULI’s Resort Development Council. He is a past Director of the National Association of Homebuilders, former Virginia representative to the Southern Growth Policies Board and former member of the Metropolitan Washington Airports Authority Board. He served as a member of a Defense Department Advisory Panel, appointed by the Secretary of Defense specifically to contribute residential development expertise in restructuring the housing systems of the Department of Defense. Mr. DeFrancia also served as a member of the Housing Advisory-Group to the Committee on Banking, Finance, and Urban Affairs (U.S. House of Representatives), and has been a guest lecturer/panelist for the Urban Land Institute; the Bank Lending Institute; the Lincoln Institute of Land Policy; the Graduate School of Design, Harvard University; George Mason University; and the George Washington University. He is fluent in Spanish and has lectured in that language.

He also served as an Advisor to the Secretary of the Navy on maritime strategy in the Western Pacific, as well as US Navy energy policy. Additionally, he has served as an advisor on growth and development policies to the Governments of Bermuda, Mexico, The Netherlands, the Philippines, the United Kingdom, the United Arab Emirates (Dubai), and Saudi Arabia, as well as The Vatican. He has similarly advised several US cities and the Port Authority of New York & New Jersey. In addition, he has been a contributing writer to publications on urban growth, transportation and real estate development.

Mr. DeFrancia is a graduate of the U.S. Naval Academy with a B.S. Degree in Engineering and has completed executive studies in business and finance at the University of Michigan and The Wharton School. He has also completed strategy, economics, and policy courses at the US Naval War College. He is a member of The Atlantic Council and the US Naval Institute, as well as The Union League Club in New York and the Army-Navy Country Club in Washington, DC.