The Ross Rant

About the Author

Joel Ross

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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Comments
"Left leaning zealot who has never held a real job".

"More centrist".

I would love to know where you think the "center" lies.

Left of Michael Savage and right of Limbaugh?
Posted by Jim N | Wednesday, July 07 2010 at 6:40PM ET
While I understand the underlying concern of your piece and recognize that this space is your "RANT" ... I am surprised by the change in the writing which lacks your usual finesse ... and the tenor/venom present

Did you have an assistant draft it and submit on your behalf ? (after discussing your ideas ... of course) .. or was the editorial staff on vacation? ...
Posted by j.w.moss | Thursday, July 08 2010 at 9:41AM ET
Nicely put, I fear that you are right. Nonetheless, I hope you are wrong; this economy is harming us all.
Posted by Philip S | Thursday, July 08 2010 at 12:22PM ET