Webster Hughes, PhDhas decades of experience in sales, trading, research, and advanced software development related to fixed income, structured products, and multifamily real estate investment. Hughes started his career with a PhD in Mathematical Physics from Princeton University and two major scientific publications while in his early twenties. In 1986, Dr. Hughes left academia and joined Salomon Brothers to develop the first generation of valuation and risk models for Mortgage-Backed Securities. Subsequent positions include Senior Managing Director at Bear Stearns, Managing Director of First Union Capital Markets, and Proprietary Consultant to Bank of America. For the past decade, Hughes’ work has been focused extensively on Freddie Mac Multifamily CMBS Investments. This work led to consulting projects with institutional real estate investors and development of the  statval.com  multifamily database application.