You are on page 1of 2

ALAN CALDERON, CFA 403 Rolling Rock Road a- Springfield, NJ 07081 a- Cell: (917) 912-3872 a- Email: accb3272@westpost

.net SUMMARY OF ACCOMPLISHMENTS: Senior US REIT analyst on the buyside for seven years after three years on the # 2 II ranked Morgan Stanley REIT team. Maintained primary coverage of over 50 res idential, office, industrial, retail, storage, diversified, triple net and Canad ian REITS during the last ten years. Recommended portfolio construction based o n detailed financial statement modeling and projections; analysis of key macroec onomic indicators; relative multiple, NAV and DCF analysis; and technical analys is. Strong relationships with colleagues on the sell side and buy side, as well as senior members of REIT management teams. Constructed a research discipline that included performance analysis and valuation metrics within and across prope rty types, in addition to mentoring new hires. Background is accounting, I am a Columbia Business School MBA and a CFA charterholder. Excel skills are outstand ing and I am a team player. PROFESSIONAL EXPERIENCE EUROPEAN INVESTORS, INC, New York, NY 8/2003-8/2010 Vice President and Senior REIT Analyst, US REIT Group a Analyzed and recommended security selection on over 50 residential, office, in dustrial, retail, storage, diversified and Canadian REITS. Performed detailed m odeling, analyzed economic indicators, performed relative multiple, NAV and DCF analysis on a companywide and property level basis and established price targets . a Some key recommendations included: Buy on Rouse Company prior to its 2004 acquisition. Buy on AIV at $7.50 in July 2009 Buy on CLP after reporting 4Q09 earnings Upgrade apts in mid April 2010 after jobs report and conference Would have been a buyer on the Aug/Sept 2010 ACC and UDR deals Reduce on Mills after 3Q04 earnings release Underweight on EOP from Aug 2003-Oct 2005 Buy on Forest City at $9 in Oct 2009 following convert issuance. Reduce ACC after 4Q09 & 1Q10 earnings. Reversed in mid May 2010 Recommended EPR preferreds to income portfolio at $10-12.

a EIIRX mutual fund has a 4 Star Morningstar rating. As of 8/24/2010, EIIRX mut ual fund returned 1.17% on a 5 year CAGR relative to 0.84% for the RMS index. a Constructed a research platform that included performance and valuation constr ucts. Compared EII estimates and valuation metrics with consensus to identify op portunities for outperformance. Created quintile analysis to comprehend short t erm and longer term trends by market cap, yield, multiple and short interest. a Identified potential JV partners for REITs under coverage and interacted with European and Asian teams for global portfolio. MORGAN STANLEY, New York, NY 10/2000-8/2003 Associate Analyst, Retail REIT Group a Member of REIT team ranked #2 in II Survey and retail REIT team ranked #1 in G reenwich for 2 years. Team ranked #6 in US in Starmine survey for earnings esti mates. a Associate analyst coverage of 6 mall, 5 shopping center and 2 office/industria l REITs, and 2 service companies. a Wrote quarterly earnings notes and company updates; updated models; maintained databases; attended industry conferences; communicated with brokers, investors and WSJ reporters; established relationships with company executives; and worked with Investment Banking on IPOs and other transactions. Created new ideas and wrote articles for weekly insights.

a Helped establish original research such as a tenant credit risk index, quarter ly earnings previews and reviews, in depth Wal-Mart Supercenter study and analys es of regional mall development pipelines. PAINEWEBBER, INC., New York, NY 8/1999-4/2000 Associate Analyst, Capital Goods Industry a Supported II ranked analyst in all facets of equity research including maintai ning databases, writing notes, updating models, attending industry conferences, communicating with company executives, and researching merger accounting issues. a Established relationships between various economic indicators and company stoc k results. ARTHUR ANDERSEN LLP/DAVID BERDON & CO, New York, NY 1992 - 1995 Audit and Tax Services a Performed audit and tax services for real estate, retail, manufacturing and fi nancial services companies. a Participated in inventories and property tours for first time clients. Tested and summarized internal control accounting. EDUCATION COLUMBIA BUSINESS SCHOOL, New York, NY MBA - Finance - 3.65 GPA May 1998

LEHIGH UNIVERSITY, Bethlehem, PA May 1992 BS - Cum Laude - Major: Accounting, Minor: Communications - 3.2 GPA OTHER SKILLS AND CERTIFICATIONS Series 7 and Series 63 Certified. CFA certification. Certified Public Account ant. Very strong in Microsoft Excel. Proficient in Bloomberg, Fact Set, SNL an d Thomson Financial. Ran the Long Island Half-Marathon, play tennis and racquet ball, fan of Broadway musicals and lifelong Yankees fan.