Mr. Cavanaugh is a member of the RECP IV Investment Committee and oversees the Manager's acquisition and asset management activities in the western U.S. He is primarily responsible for sourcing, structuring and executing new investments, in addition to managing a number of RECP's existing partner relationships. Mr. Cavanaugh joined RECP in 1999. Prior to joining RECP, Mr. Cavanaugh was responsible for overseeing the real estate investment banking and lending activities of Deutsche Bank (which had acquired Bankers Trust) in the western U.S. for a five-year period. Prior to Bankers Trust, he spent a total of ten years working in the real estate investment banking groups of LaSalle Partners and Goldman, Sachs & Co., first in New York and then in Los Angeles. Mr. Cavanaugh received a B.S. in Economics with honors from The Wharton School of the University of Pennsylvania and an M.B.A from Harvard Business School.