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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.

  • Nothing Bad Happened To CRE


    Nothing Bad Happened To CRE

    In the real economy, nothing changed when the stock market and other markets tanked. Interest rates will rise this year for certain, but for those…

  • Keeping Perspective


    Keeping Perspective

    The 10-year has popped, and may go above 3% in coming months. There will very possibly be four Fed hikes this year. But we have to keep perspective.…

  • The Tax Bill Was the Inflection Point


    The Tax Bill Was the Inflection Point

    The administration has changed the entire course of the economic growth of the country. It is already very clear from the comments made by the IMF…

  • Why Is Anybody Surprised?


    Why Is Anybody Surprised?

    At the Lodging Conference closing session in 2015, I made the statement that the party was over and owners should talk to their broker about selling.…

  • Taxes and CRE


    Taxes and CRE

    Depending if you are in the higher end residential business or purely commercial real estate, the tax bill is good or maybe bad. While there is more…

  • CRE And Trump


    CRE And Trump

    Based on a recent survey conducted with industry participants, many do not feel Trump has been helpful to the industry. After reading the sampling…

  • The Inflection Point


    The Inflection Point

    Despite the September jobs numbers appearing on the surface to be worse than expected, they were actually good. Job losses were in industries that…