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Ignore The Noise

As experienced deal makers, it is surely not a surprise to you that in Washington, there is always a group that says “there is no way I am voting…

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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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Featured Content

There is No One-Size-Fits-All for Hotels

DEL MAR, CA—Each hotel in each market is unique, and owners and operators must know who their customer is at each hotel and figure out how to meet their needs, speakers at RAR’s Lodging Forecast here tell attendees.

Institutions Sign Up for Student Housing

NEW YORK CITY—Among the sector’s other selling points, student housing’s rental growth volatility is “lower than conventional apartments,” says Tom Park with TH Real Estate.

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25-Year Industry Veteran Joins NGKF

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Ignore The Noise | GlobeSt.com
ALM Real Estate Media Group|GlobeSt.com|Real Estate Forum|RealShare Conference Series

Commentary

Ignore The Noise

As experienced deal makers, it is surely not a surprise to you that in Washington, there is always a group that says “there is no way I am voting…

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

More articles by this author ›

Contact Joel Ross

Featured Content

There is No One-Size-Fits-All for Hotels

DEL MAR, CA—Each hotel in each market is unique, and owners and operators must know who their customer is at each hotel and figure out how to meet their needs, speakers at RAR’s Lodging Forecast here tell attendees.

Institutions Sign Up for Student Housing

NEW YORK CITY—Among the sector’s other selling points, student housing’s rental growth volatility is “lower than conventional apartments,” says Tom Park with TH Real Estate.

Exclusive

Rethinking the Broker Experience from the Ground Up

DENVER—GlobeSt.com chats with APTO’s CEO, Tanner McGram, about the firm’s new interface and mobile app, optimized for exactly what brokers need when away from their desktop, while also solving other archaic and inefficient systems in the CRE space.

Exclusive

25-Year Industry Veteran Joins NGKF

NEW YORK CITY—The appointee—who joins from EY and has served at CBRE, JLL and Savills Studley—will run a new critical transactions group, GlobeSt.com has learned EXCLUSIVELY.