Sherman is president of D. Sherman & Co. Inc. of New York,which provides strategic advisory services to public real estatecompanies. From 1995 until early 2000, he had served as managingdirector, senior analyst and head of the REIT Equity Research Teamfor Salomon Smith Barney Inc. of New York City.

Crescent CEO John C. Goff terms Sherman's addition " a realasset. ... He brings an invaluable amount of knowledge about thereal estate industry and about the discipline Wall Street bringsthe industry. He believes in Crescent and wants to be a part oftaking the company to a new level." Crescent, one of the nation'slargest REITs, owns and manages a portfolio consisting of class Aoffice properties, business-class hotels, luxury resorts and spasand residential developments.

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