The managing partner of Merry Point is David J. Donofrio. Mr. Donofrio is a local real estate broker and developer who has been in the real estate business for over 20 years. He is a graduate of the University of Delaware with a B.S. Degree in Landscape Design and Horticulture. He began his career in golf course construction and management at the Golden Eagle Golf Course, which is part of The Tides Inn. Later, moving to real estate development with the Bay Company, he was involved in construction, development and sales of Mallard Bay, a planned development in Northumberland County, Virginia.

Immediately prior to forming Merry Point, he was associated with Chesapeake Corporation/Delmarva Properties, Inc. (Virginia’s largest landholder) as a real estate broker and consultant for its properties in Virginia’s Northern Neck. Mr. Donofrio is also currently involved with Edge Hill Farm, a waterfront estate development located on the Great Wicomico River.

The principal and majority shareholder of Merry Point Development Company of Virginia is Maris Andersons, who has spent most of his career in the investment and commercial banking industries. From 1976 to 1996, Mr. Andersons was an executive at Tenet Healthcare Corporation, a public company owning and operating numerous hospitals and related healthcare facilities throughout the United States with annual revenues of approximately $10 billion. Mr. Andersons served as Treasurer of Tenet from 1981 to 1996, at which time he was also CFO. In addition, he played a key role in the development of four former subsidiaries or affiliates of Tenet Healthcare, including National Funding Corporation, The Hillhaven Corporation, Total Renal Care, Inc. and Westminster Healthcare. Mr. Andersons was also involved in real estate development in the western part of the United States.