David Toti joined FBR Capital Markets as Managing Director and Group Head of REIT research. Before joining FBR, he spent a combined eight years as a Senior REIT Research Analyst at Citi Investment Research & Analysis and Lehman Brothers Holdings, Inc. During that time, he covered an array of real estate sectors, including office, retail, multifamily, storage and health care. Additionally, Mr. Toti practiced as an Architect for 10 years with Pelli Clarke Pelli Architects, and worked as a Senior Designer on several large commercial projects, domestically and abroad, including the Reagan National Airport in Washington, D.C., and the Bloomberg L.P. headquarters in New York City. Mr. Toti holds a bachelor’s degree in architecture from Syracuse University and an MBA in real estate from the University of Wisconsin-Madison.
