Richard Ross Jr.

Richard Ross, Jr., an investment principal at Frederick Lure, LLC and 30-year real estate industry veteran, bought his first hotel via 1031.While Ross has traditionally dealt in office real estate, he saw the potential in this segment and went after it."There are a number of reasons for pursuing hotel acquisitions.The current 1031 market has distorted the market with cap rates driven down to the point of making the economics of acquisitions questionable.This demand is spreading to the hotel industry, but it is the last segment to be affected," says Ross.

Richard Ross, Jr., an investment principal at Frederick Lure, LLC and 30-year real estate industry veteran, bought his first hotel through NAI Global Hotels via 1031.While Ross has traditionally dealt in office real estate, he saw the potential in this segment and went after it."There are a number of reasons for pursuing hotel acquisitions.The current 1031 market has distorted the market with cap rates driven down to the point of making the economics of acquisitions questionable.This demand is spreading to the hotel industry, but it is the last segment to be affected," says Ross.

Richard Ross, Jr., an investment principal at Frederick Lure, LLC and a 30-year real estate industry veteran, bought his first hotel through NAI Global Hotels via 1031.While Ross has traditionally dealt in office real estate, he saw the potential in this segment and went after it."There are a number of reasons for pursuing hotel acquisitions.The current 1031 market has distorted the market with cap rates driven down to the point of making the economics of acquisitions questionable.This demand is spreading to the hotel industry, but it is the last segment to be affected," says Ross.

Richard M. Ross, Jr.

Principal

Richard M. Ross, Jr. has been a real estate professional in Chicago for more than 30 years.He has handled many complex transactions for major institutional clients including site acquisitions and relocations.He has provided confidential consulting services to corporate clients in the areas of development, finance and property management.As an investment principal, he has directed the development of new properties and the redevelopment of existing properties for alternative uses.

Dick is a founder and principal of Electrum Partners.He codeveloped the extension of synthetic debt technology to short-term financings and has been instrumental in each transaction implemented with synthetic debt finance.

Dick received a bachelor of arts degree in economics from Denison University.While working full time as a commercial real estate professional, he earned a master of business administration degree in finance from the University of Chicago.

For many years, Dick has devoted time to philanthropic organizations.He is the founder and chairman of Scribcor/Ross, Inc., a corporation established to manage the National Foundation for Philanthropy.He serves as a trustee and administrator of several educational and nonprofit organizations.

Richard Ross, Jr., an investment principal at Frederick Lure, LLC and 30-year real estate industry veteran, bought his first hotel via 1031. While Ross has traditionally dealt in office real estate, he saw the potential in this segment and went after it. "There are a number of reasons for pursuing hotel acquisitions. The current 1031 market has distorted the market with cap rates driven down to the point of making the economics of acquisitions questionable. This demand is spreading to the hotel industry, but it is the last segment to be affected," says Ross.