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Richard Ressler

Co-Founder and Principal, CIM Group Inc.

THE LATEST: Ressler's CIM Group is looking to sell the former Trump SoHo in New York, according to Crain's New York Business. CIM acquired the management and license agreement for the 46-story hotel from the Trump family business in 2017. The property has been renamed the Dominick.

BACKGROUND: Ressler co-founded CIM Group with Shaul Kuba and Avi Shemesh in 1994. Ressler chairs CIM's executive, investment, allocation and real assets management committees and serves on the company's credit committee. Prior to CIM, he founded the investment firm Orchard Capital Group Inc. in 1993. Ressler was vice chairman at Brooke Group Ltd., an investment banker at Drexel Burnham Lambert Inc. and an attorney at Cravath Swaine and Moore. He serves on the boards of CIM Commercial Trust Corp. and j2 Global Inc.

WORTH NOTING: In 2016, Ressler helped launch OCV Management, a venture fund that raised approximately $260 million.

YEARS ON THE LA500: 4

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