Nathan Isbee serves as Vice President of Stifel, Nicolaus & Co., Inc., and as an Analyst focusing on the retail sector within the real estate equity research group. He joined the Stifel Nicolaus research team in connection with Stifel’s acquisition of Legg Mason’s Capital Markets Group in December 2005. Mr. Isbee’s experience in the commercial real estate field includes financial analysis, property valuation and real estate transactions. Prior to joining Legg Mason, he worked for Asher Financial Group, a national commercial-mortgage whole-loan trading firm involved in analyzing mortgage portfolios and the closings of more than $1.5 billion in whole-loan sales. Mr. Isbee earned a B.A. in law from Ner Israel Rabbinical College and an MBA with a concentration in finance from the Johns Hopkins University. Mr. Isbee is a member of the International Council of Shopping Centers and the National Association of Real Estate Investment Trusts.