Carter Rise has served as President, CEO, and Chairman of the Board of Sandpiper since its inception. Mr. Rise is the founder and sole member of Sandpiper, LLC, the Manager’s majority owner and controlling member, and the sole common shareholder and a significant preferred shareholder in each of the Sandpiper funds. Mr. Rise also is the majority owner of Sandpiper Hospitality, a hotel management company. Since 2012, Mr. Rise has served on WoodSpring Suites Franchise Advisory Council, and is currently serving his fourth term as its Chairman.

From 2001 to 2008, Mr. Rise was a Founder and Managing Partner of Scura, Rise & Partners, LLC, an investment banking boutique based in New York, NY. Prior to 2001, Mr. Rise was an investment banker for 13 years with Prudential Securities, Inc. and its predecessor company, Prudential-Bache, Inc., where he served as Managing Director and Group Head of the Financial Services Group.

Mr. Rise has an MBA from the Wharton School at the University of Pennsylvania and a B.S. from the McIntire School of Commerce at the University of Virginia.

John Austin has served as the Chief Financial Officer, Treasurer, and Secretary of Sandpiper since its inception in June 2018 after serving as a consultant of Sandpiper. Mr. Austin is responsible for managing all financial functions for the Sandpiper affiliates.

Prior to Sandpiper, Mr. Austin was the Chief Financial Officer of The Chef’s Warehouse, Inc., a publicly traded foodservice distributor, from 2012 to 2017, after having served on the Board of Directors from 2011 to 2012. From 2009 to 2012, Mr. Austin was a founder and former Chief Financial Officer of the HILB Group, LLC, an insurance broker in Richmond, Virginia. Mr. Austin worked at Performance Food Group Company (“PFG”), a Richmond-based publicly traded foodservice distributor, for over 14 years, serving a portion of his time as their CFO. Mr. Austin was integrally involved in leading the company through the process of going private and the divestiture of a major business segment that created significant shareholder value.

Mr. Austin holds a B.S. in Accounting from the University of Delaware.

Andy Anderson joined Sandpiper in June 2018 as Chief Acquisitions Officer, after serving as a consultant to the company. Mr. Anderson focuses on identifying and completing strategic hotel acquisitions for Sandpiper and assists with legal and capital market requirements.

Mr. Anderson most recently served as the Executive Vice President of Corporate Development for WoodSpring Suites Hotels, where he was responsible for the activities of the brand’s large-scale developers nationwide and internal and external acquisitions. Mr. Anderson has more than 30 years of real estate transactional experience derived from his roles as a partner at Sandman and Savrann, a national law firm specializing in the hospitality industry, General Counsel of Mid America Real Estate Companies, Granite Golf, and his years in private practice. He also leverages over 20 years of business development in the hospitality industry and has been a critical part of business development teams for GE Capital Solutions – Hospitality Finance, Citi Hospitality Finance, Troon Golf and WoodSpring Suite Hotels.

Mr. Anderson graduated with honors from the University of Tulsa College of Law and graduated Cum Laude from Northern Illinois University.