Charles R. Jones

CHARLES R. JONES has served as President and Chief Executive Officer and
as a trustee of Correctional Properties Trust since February 1998. Mr.
Jones previously served as Senior Vice President, Business Development
of Wackenhut Corrections from 1996 to 1998, where he was responsible for
all phases of business development and marketing, including legislative
initiatives, proposal development, facility finance and acquisition
strategies, and contract negotiations. Previously, Mr. Jones was a
senior investment banker specializing in structured finance with
Rauscher, Pierce, Refsnes, Inc., in Dallas, Texas. Mr. Jones practiced
with Peat, Marwick, Mitchell & Co., as a Certified Public Accountant in
Denver, Colorado, specializing in the taxation of commercial real estate
and financial institutions. Mr. Jones received a BBA in Accounting from
the University of Colorado.