Raymond Mikulich is a veteran real estate finance and investment professional who has successfully navigated five real estate cycles in his 35-year career. He was the co-head and functioned as chief executive officer of Lehman Brothers Real Estate Private Equity from 1999 through March 2007 where he led the formation, structuring, fundraising, investment and asset management activities of the 140 person business across five offices globally. Under his leadership, over $5.0 billion of equity capital was raised for two opportunity funds and one mezzanine debt fund and invested in over $45 billion of property transactions. Mr. Mikulich was a managing director of Lehman Brothers and a member of the firm's private equity investment and operating committees.

From 1989 to 1999, Mr. Mikulich was responsible for establishing, building and managing the global real estate investment banking activities at Lehman Brothers. He built and lead the 50 person group that provided strategic advice to the country's largest real estate companies and was actively involved in the public and private debt and equity markets, including early RTC and private CMBaltS offerings, the creation and public offering of several modern REITs as well as numerous real estate company restructurings. Prior to joining Lehman Brothers, Mr. Mikulich was with LaSalle National Bank, Chicago, and its parent, ABN/AMRO, for seven years, where he was involved in property acquisitions and joint ventures on behalf of European pension funds, as well as real estate workouts, REIT restructurings and lending.

Mr. Mikulich is a recognized industry leader, serving as a Trustee of the Urban Land Institute, on the Board of The Real Estate Roundtable, a member of the Advisory Board of the National Association of Real Estate Investment Trusts (NAREIT), Chairman of the Board of Directors of Altus Group, and member of the Board of Directors of Colony Capital. He has also served as a board member of the Real Estate Centers at the Wharton School, Columbia University and the University of Wisconsin.

He received his B.A., magna cum laude, from Knox College, and his J.D., with high honors, from Chicago Kent College of Law and is a Certified Counselor of Real Estate (CRE) and a Chartered Surveyor (RICS).