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Vestar Development Co. hired Bob Cavanaugh as chief investment officer.

Based in the firm's Phoenix headquarters, Cavanaugh will be responsible for overseeing the raising of third-party equity capital, identifying investment opportunities and structuring joint ventures.

Prior to joining Vestar, he served as managing director for DLJ Real Estate Capital Partners.

Throughout his 25-year career, he has worked as a commercial real estate executive with Deutsche Bank Securities, LaSalle Partners and Goldman Sachs.


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