DAVID SPIES  is Senior Vice President and Director of Acquisitions of Somerset Partners for all asset types including office and multi-family properties.  From 2002 – 2007, David served as a Vice President in the Commercial Mortgage Group at Bear, Stearns & Co. Inc. in New York where he was involved in the origination and underwriting of over $2.8 billion in securitized commercial real estate loans (which included over 520 commercial real estate properties and over 150 separate transactions).  Prior to joining Bear Stearns, Mr. Spies was an auditor in the Banking and Securities Group at Deloitte & Touche, LLP and is a Certified Public Accountant (inactive).  Mr. Spies holds a BBA from the University of Wisconsin – Madison, and is currently an active member of the University of Wisconsin Real Estate Alumni Association (WREAA), and the National Multifamily Housing Council (NMHC).