Brad R. Carpenter

Prior to joining Lehman Brothers in 2005, Mr. Carpenter spent 16 years in the real estate departments at PNC Bank and Black Rock, where he most recently served as a director and co-head of origination for Black Rock's High Yield Real Estate Group.
His responsibilities included the structuring, underwriting and origination of subordinate debt for separate accounts, commingled investment funds and Black Rock's public mortgage REIT, Anthracite.
Prior to moving his team to Black Rock, Mr. Carpenter formed and ran the Mezzanine Finance Group at PNC Bank from 1998 to 2000.
He was previously a senior vice president and manager in the Commercial Real Estate Department at PNC Bank where his responsibilities included origination of first mortgage construction and stabilized real estate loans.
Mr. Carpenter holds a B.S.
and a B.B.A.
in real estate and finance, and an M.S.
in real estate and urban land economics from the University of Wisconsin-Madison.