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Chinese Trade War And US CRE

In order to fully understand where Chinese investment in CRE might go over the next few years, it is important to understand what the real war that is…

In order to fully understand where Chinese investment in CRE might go over the next few years, it is important to understand what the real war that is going on. China has been cheating the whole world for well over a decade. It steals technology, ignores court rulings, forces foreign companies to comply with rules that protect Chinese companies, and are engaged in the most massive espionage program in history. Their goal is world domination in 10-20 years. They were invited into WTO in the silly belief that they would behave once a member, and join the rules based western world. That was a false hope by naïve western governments.

Xi has been able to set forth a series of vast programs that will lead to domination unless the US stops them. They have a very extensive espionage program to steal every secret they can. Either through hacking or sending scientists or students to the US to work in companies, or to study in university labs and then return home with secrets purloined. They buy the technology where they can invest. They force all companies to divulge trade and technology secrets as the price of entry to the Chinese markets. They have manipulated their currency to price their goods at a low enough cost to take over whole world markets like solar or rare earths, or steel. Their Belt and Road program is designed to entrap countries throughout Asia into accepting massive infrastructure projects with  Chinese debt which can then be used to pressure these nations to adhere to Chinese policies against US influence. Now they are even in Africa with money and military advisors to begin the process of gaining influence in that continent.

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Joel Ross

Joel Ross

Joel Ross began his career in Wall St as an investment banker in 1965, handling corporate advisory matters for a variety of clients. During the seventies he was CEO of North American operations for a UK based conglomerate, and sat on the parent company board. In 1981, he began his own firm handling leveraged buyouts, investment banking and real estate financing. In 1984 Ross began providing investment banking services and arranging financing for real estate transactions with his own firm, Ross Properties, Inc. In 1993 Ross and a partner, Lexington Mortgage, created the first Wall St hotel CMBS program in conjunction with Nomura. They went on to develop a similar CMBS program for another major Wall St investment bank and for five leading hotel companies. Lexington, in partnership with Mr. Ross established a hotel mortgage bank table funded by an investment bank, and making all CMBS hotel loans on their behalf. In 1999 he formed Citadel Realty Advisors as a successor to Ross Properties Corp., focusing on real estate investment banking in the US, UK and Paris. He has closed over $3.0 billion of financings for office, hotel, retail, land and multifamily projects. Ross is also a founder of Market Street Investors, a brownfield land development company, and has been involved in the acquisition of notes on defaulted loans and various REO assets in conjunction with several major investors. Ross was an adjunct professor in the graduate program at the NYU Hotel School. He is a member of Urban Land Institute and was a member of the leadership of his ULI council. In 1999, he conceived and co-authored with PricewaterhouseCoopers, the Hotel Mortgage Performance Report, a major study of hotel mortgage default rates.

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