The OBDS Advisory Board

Jeffrey B. Citrin

Mr. Citrin is the Managing Principal of Square Mile Capital Management LLC, which he founded in 2006. Square Mile is a diversified real estate investment firm with offices in New York City, Los Angeles and Greenwich, Connecticut which focuses on sourcing and managing real estate and related equity, debt and hybrid investments throughout North America. As of mid-2009 Square Mile managed approximately $1.5 billion in discretionary capital on behalf of select institutional and private investors.

Until late 2005 Mr. Citrin served as President of Blackacre Capital Management LLC, which Mr. Citrin co-founded in 1994. Blackacre is the dedicated real estate arm of global investment firm Cerberus Capital Management, L.P. During Mr. Citrin's tenure as President, Blackacre invested over $4 billion and consummated over 250 distinct transactions. Prior to co-founding Blackacre, Mr. Citrin was a Managing Director at Oppenheimer & Co., Inc. (now CIBC Markets) where he served as head of Oppenheimer's Commercial Mortgage Investment Unit through which the firm conducted its commercial mortgage and real estate principal activities. From 1991 through 1993, Mr. Citrin served as a Vice President at Credit Suisse First Boston where he was a founding member of the firm's Real Estate Principal Group. From 1986 through 1991, Mr. Citrin was a Vice President in the Real Estate Investment Banking Unit of Chemical Bank (now JP Morgan Chase). From 1983 through 1986, Mr. Citrin was associated with the New York law firms of Proskauer Rose LLP and Kelley Drye & Warren as an attorney in each firm's respective real estate departments. Mr. Citrin graduated from Dartmouth College in 1980 and received a JD degree from the Columbia University School of Law in 1983.