Lee Schalop

LEE SCHALOP is a Managing Director and Head of real estate research in
the Equity Research Department at Banc of America Securities LLC. Prior
to joining Banc of America Securities LLC, he served as the Senior
Analyst for real estate stocks at Credit Suisse First Boston Corp. and
J.P. Morgan Securities, where he covered a similar universe of stocks.
Prior to that, Mr. Schalop spent two years as a Financial Analyst in the
real estate department at Morgan Stanley & Co. Inc. Mr. Schalop is a
graduate of the University of Pennsylvania, where he received a BS in
Economics from the Wharton School and a BA in International Relations.