STREET MOVES: Goldfarb Joins Sandler O'Neill To Cover REITs
January 26 2009 - 3:38PM
Dow Jones News
Alexander D. Goldfarb has joined investment-banking firm Sandler
O'Neill + Partners LP as an associate director to launch coverage
of real estate investment trusts.
"The REIT space, we felt, is intricately tied to the other
segments of the financial-services space," said Mark Fitzgibbon,
principal and director of research. "In order to be a one-stop shop
within the financial-services space, we needed to be able to offer
expertise" in the world of REITs, which distribute the bulk of
their income to investors.
The New York-based firm, which does equity research on about 215
financial-services companies, would not say which tickers Goldfarb
would study or his launch date. He will eventually cover the
sector's main segments, which could include multifamily, office,
retail and industrial, Fitzgibbon added.
Goldfarb, who has an MBA from Babson College, most recently
worked at UBS, where he was a director and senior REIT analyst
covering companies including Equity Residential (EQR), American
Campus Communities Inc. (ACC) and Post Properties Inc. (PPS). He
was also a REIT analyst at Lehman Brothers Holdings Inc.
(LEHMQ).
-By Dawn Wotapka, Dow Jones Newswires; 201-938-5248;
dawn.wotapka@dowjones.com
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