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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.

  • The World Is Undergoing Historic Change


    The World Is Undergoing Historic Change

    Investment capital will continue to flow to the US as other parts of the world destabilize. The US economy will continue to thrive for at least another two years, and maybe longer.

  • Chinese Trade War And US CRE


    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…

  • The EU Is Headed For A Fall


    The EU Is Headed For A Fall

    The economy of the EU is going to falter again, and while it is not going to crash, it will not be where you want to invest.

  • In The Sweet Spot


    In The Sweet Spot

    Like all industries over time, things change, and the weak got obliterated, and the fast movers get success.

  • The US Is Still the Best Place to Invest


    The US Is Still the Best Place to Invest

    For emerging markets this is a potential very dangerous issue as they have US dollar denominated debt in many cases which they will now have a hard time covering.

  • Keep Your Eye on the Goal


    Keep Your Eye on the Goal

    Global developments are making it likely that more capital will flow to into US commercial real estate, seeking a safe home.

  • GDP Will Grow Above 3%


    GDP Will Grow Above 3%

    First quarter GDP was better than some expected, but you need to be aware that first quarter numbers are not very accurate.  GDP is always seasonally…

  • Pundits, Press And The Real World


    Pundits, Press And The Real World

    It is important when you are forecasting conditions for your own projects, that you try to take in as much objective information as you can from a variety of sources.

  • Commentary

    The Stock Market and CRE

    There are many facets to this issue. First is the interest rate impact on REIT stock prices, and the negative impact they have as rates rise. While rates…