
Joe is the Managing Principal and Founder of srmErnst Development Partners, having over 30 years of real estate experience in development, investment, asset management and finance. Joe joined SRM Associates in 1999, became the principal in charge of all new development in 2005 and Managing Principal in 2012. Previously, Joe was involved with the structuring of private mortgage and asset-backed securities transactions, developing a conduit for the acquisition and securitization of subprime mortgages, and the acquisition, restructuring and fund management of a $1 billion portfolio of distressed residential loans and underperforming CMBS deals, all while with Cargill Financial, Piper Jaffray and Norwest (now Wells Fargo) in Minneapolis, MN. Joe has his B.A. in Finance and Computer Science from the University of St. Thomas. Prior to SRM, Joe was a Vice President in Structured Finance with Norwest Bank Minneapolis (prior to acquisition of Wells Fargo) structuring private mortgage and asset-backed securities transactions. Joe was also a Vice President with Cargill Financial Services focused on developing a conduit for acquisition and securitization of subprime residential mortgages, and a Vice President with Piper Jaffray as a structured finance analyst involved in the acquisition, restructuring and fund management of a $1 billion portfolio of distressed residential loans and under-performing CMBS deals. Joe graduated magna cum laude from the University of Saint Thomas receiving his B.A. in Finance and Computer Science. He is a Portfolio Advisor with Inner City Advisors, an Oakland based non-profit small business and jobs advocacy group.