Goldberg Joins Baird as MD, Head of Real Estate IB

Steven Goldberg has joined Baird as an MD and head of real estate investment banking. Goldberg was most recently group head of real estate investment banking at FBR Capital Markets. He will be based in McLean, Va.

PRESS RELEASE

Baird, an employee-owned, international capital markets, private equity, wealth and asset management firm, today announced that Steven H. Goldberg will soon join the firm as Managing Director and Head of Real Estate Investment Banking. Goldberg, most recently the Group Head of Real Estate Investment Banking at FBR Capital Markets, will focus on providing equity origination and advisory services to Baird’s institutional real estate clients, focusing particularly on the lodging industry. He will be based in the firm’s McLean, Virginia office where the core of Baird’s Real Estate Investment Banking and Equity Research teams are located.

“We are very pleased that Steve will be joining Baird,” said Steve Booth, Co-Head of Equity Capital Markets at Baird. “Over the past two decades, he has established an impressive track record in advising real estate clients. Baird continues to be very active in the real estate sector, recently serving as a book-runner in the IPO of Summit Hotel Properties and financial advisor to Kentland Corporation. We look forward to Steve’s leadership as we continue to expand our real estate investment banking team with additional expertise.”

While at FBR, Goldberg led a team of 16 professionals. He began his career at Connecticut Bank and Trust, a subsidiary of the Bank of New England, and has held a number of senior positions at major Wall Street firms including CIBC World Markets and Lehman Brothers. Over the course of his career, Goldberg has been involved in real estate transactions with an aggregate value of more than $15 billion, including approximately $7 billion while with FBR.

About Baird Investment Banking

With a team of approximately 175 professionals in the United States, Europe and Asia, Baird’s Investment Banking group provides corporations and financial sponsors with in-depth market knowledge and extensive experience in merger and acquisition and equity financing transactions focused on the middle market. Over the past 10 years, Baird has advised on 735 M&A and financing transactions with a combined value of more than $135 billion. Nearly one third of our M&A transactions in the past five years have involved an international party. Baird has received “Deal of the Year” recognition from The M&A Advisor for six straight years, including four awards in 2010. Baird has also been recognized for four consecutive years by Acquisitions Monthly in Europe, including receiving the “Support Services Adviser Award” for 2011.

About Baird

Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 2,600 associates serving the needs of individual, corporate, institutional and municipal clients. Baird oversees and manages client assets of nearly $84 billion. Committed to being a great place to work, Baird ranked number 14 on FORTUNE’s “100 Best Companies to Work For” in 2011 – its eighth consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s private equity operations. For more information, please visit Baird’s Web site at www.rwbaird.com.

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