Nishu Sood

Biography: A leading expert on real estate and related investments, recognized for employing a rigorous fundamental approach and data analytics to create a differentiated perspective. Accurately called housing’s inflection points from the great boom and bust of the mid 2000s up to the mortgage market led mini-cycle of 2016-18. Skilled at identifying investment opportunities across the real estate space including single-family residential, large scale development, single-family rental, multi-family, commercial and building products/materials/distribution. Evaluated 18 private equity led deals through to equity distribution/IPO. Previously a management consultant advising senior executives across a range of industries. EXPERIENCE Deutsche Bank 2006-19 Director, Equity Research New York, NY • 30 stocks covered across 1) homebuilders, 2) land developers, 3) building products/materials, 4) distributors • Research highlights: 1) Going long on single-family residential 2016-17 and then reversing that call in mid-2018 based on pioneering work on mortgage lending standards, 2) Taking a skeptical view on public large scale developer valuations and pro formas, 3) Forecasting an acceleration in commercial construction pace in 2013/14, 4) Identifying single-family rental opportunity from foreclosures and the value transition to build-to-rent 5) Breaking down and resisting the off-site construction thesis for public single-family homebuilders • Led department efforts to create new data sets and improve data analytics • Consistent Top 5 results in various rankings • Media appearances - CNBC, Bloomberg, WSJ and others • Participated in 25+ vettings and subsequently launched coverage of 16 companies • Frequent speaker at Urban Land Institute, IMN and other industry conferences Citi 2002-06 Associate, Equity Research New York, NY Stern Stewart & Co. 1993-2001 Consultant New York, Johann