The Van Trump Report

Highly Volatile with Special Guest Joel Ross… All Kinds of Interesting Topics!

Joel Ross began his career in Wall St. as an investment banker in 1965, where he handled public offerings, mergers & acquisitions, leveraged buyouts, and other corporate advisory matters for a variety of clients. During the seventies, he was CEO of North American operations for a UK based conglomerate where he acquired and oversaw six companies. He also sat on the parent company board. In 1981, he began his own firm handling leveraged buyouts and investment banking, as well as financing real estate syndications. 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. These were the first capital markets financing programs for hotels to be created since 1989, and it reopened Wall St to the hotel industry.

In 1999 he formed Citadel Realty Advisors as a successor to Ross Properties Corp., which focuses on all types of real estate investment banking. This includes raising equity, mezzanine capital and debt for individual properties as well as entities, and advising individuals on the formation of new entities for which he then raised the equity funding. In addition to the US, Citadel has arranged the financing for numerous office and industrial transactions in the UK and Paris. He has closed over $3.0 billion of financings for office, hotel, retail, land and multifamily projects.

Mr. Ross was co-master developer for a 240-acre brownfield mixed use development in Sacramento, CA., while continuing the investment banking practice in New York. He was also a founder of Market Street Investors, a brownfield land development company. Mr. Ross is also involved in the acquisition of notes on defaulted loans and various REO assets in conjunction with several major investors.

Mr. Ross has served as an expert witness in eight court cases testifying on debt structures, interest rates, markets, and development. He 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.

Mr. Ross is a graduate of the Wharton School and served two tours in Vietnam with the US Navy

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