Mr. Mendelsohn is a founder, and has been a partner since 1995, of Aspen Capital, a private equity firm with expertise in residential, commercial, and distressed securities. He currently serves as the Chairman of the Board of Directors and Chief Executive Officer of Great Ajax Corp and Gaea Real Estate Corp. He also serves as the President of Thetis Asset Management . Since 2002, he has been the managing member of Flanders Street Capital Management LLC, which manages distressed corporate debt and equity, financial services and REIT investments; from 1998 through 2002, he was President and a Director of Fog Cutter Capital Group Inc. (formerly Wilshire Real Estate Investment Trust Inc.); from 1994 to 1999, he was President and Director of Wilshire Financial Services Group; from 1991 to 1993, he was Head of Emerging Markets Debt and Equity Capital Markets at Bankers Trust New York Corporation; and from 1987 to 1991, he was Head of U.S. Equity and Distressed Securities Proprietary Trading at J.P. Morgan Securities. He has an A.B in Economics from the University of Chicago, an M.A in International Politics from the University of Texas and completed all but his dissertation for a Ph.D. in Finance from the University of Southern California.