Joel Ross

This is in no way a political piece, but an attempt to separate the frenzy of DC and the press from reality outside the swamp. There needs to be a distinction between the accusations and media ravings and from the Democrats and reality as it affects CRE. It seems pretty clear that there was no evidence of any collusion between Trump and Russia on the campaign or a leak would have come out by now over the nine months this has been investigated. The innuendos about Paul Manafort, Roger Stone and others seem to be just that- innuendos about guys who had some legitimate reason to talk to a Russian or Ukranian about business matters. Nobody has suggested Trump himself did anything wrong in regard to the election and Russia.

The issue is there is a massive effort by the press and the Democrats to get Trump out of office, so no matter what he says or does now is blown up into a supposed scandal. We don’t really know what he told Sergey Lavrov about the laptop bomb threat, but it is likely that what the people in the room said is true- it was appropriate in the context of what was being discussed and dealt with a real threat. Maybe he said to James Comey I think Flynn is a good guy I hope you can be easy on him, or some version of that. It would not be out of character for him to say, but that is not obstruction according to Alan Dershowitz. Andrew McCabe testified there is no attempt at obstruction by anyone. Maybe he called Comey a nut, but that is not a crime-just dumb. Trump may not be realizing he is now President Trump and not Donald Trump when he speaks, but none of that is a crime. Hopefully Robert Mueller can work quickly and get this off the table with a report that says other than Flynn not registering as an agent of Turkey, nothing happened. Until that happens, the press and the Democrats will continue to claim all sorts of partially true and some false things, all to the detriment of the country and the economy, and to the benefit of Putin who has to be loving all this. You may hate Trump, and feel he is very careless with tweets and what he says, but he is the president, and he is not getting impeached or driven out of office, so we need to figure out how to deal with the ravings aimed at him.

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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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