David M. Sherman is a Co-founder, the President of the Manager and a member of the Investment Committee. Mr. Sherman has more than 23 years of real estate finance and analytical experience. In 2000, Mr. Sherman founded D. Sherman & Company, Inc., an advisory firm focused on strategic issues and transactions in the real estate securities industry. Previously, Mr. Sherman was the Managing Director of Salomon Smith Barney's REIT research team, which covered over 60 stocks and supported the firm's $15 billion of REIT offering activity. The team received recognition from Institutional Investor Magazine in 1998 and 1999. Mr. Sherman also held other positions in real estate finance, investment banking, and strategic planning at Smith Barney, The Harlan Company, First Boston, and Paine Webber, including acting as the Chief Financial Officer of Paine Webber Properties, a family of real estate funds with over $500 million in property investments. In addition, Mr. Sherman was an Adjunct Professor of Real Estate Finance at the Columbia University Graduate School of Business Administration for seven years. Over the years, Mr. Sherman has published numerous articles in periodicals including American Banker, Pension Real Estate Association quarterly, Shopping Center Business, and National Real Estate Investor. Currently, Mr. Sherman serves as an independent director on the board of Brookfield Homes Corporation. Mr. Sherman received his B.A. in Mathematical Economics from Brown University and his M.B.A. in Finance from Columbia University Graduate School of Business Administration.