Paul Morgan

PAUL MORGAN focuses on coverage of retail REITs as part of the award-
winning real estate research team at Friedman, Billings, Ramsey Group,
Inc. He joined FBR from Thomas Weisel Partners, where he was a Senior
Real Estate Analyst. Previously, he was a Senior Analyst at PaineWebber
and Salomon Smith Barney, where he was responsible for educating
investors about the retail and net lease REIT sectors. Mr. Morgan’s real
estate industry knowledge is supplemented by his experience in economic
research. He served four years at the Federal Reserve Board and three
years as a research fellow and university lecturer at Princeton
University. Mr. Morgan holds an MA in Economics from Princeton and a BA
in Economics from the University of Wisconsin-Madison.