Ray Braun
(Trustee )

Mr. Braun attended the University of North Dakota. He has been a licensed public accountant since 1959. He is the managing partner of Ludvigson and Braun, located in Valley City, North Dakota. The firm specializes in real estate accounting services for real estate investors and property managers. These services include the analysis and reporting of the leasing, financing and development of multi-family apartments and commercial properties. He is presently the owner of 84 multi-family apartment units and commercial property in North Dakota. In addition to his accounting practice Mr. Braun serves on the Board of Directors for the Valley City Development Corporation. Mr. Braun serves as Treasurer of the Dakota REIT's Board of Trustees.