Features
Morley Greene: Trez Capital is Trés Terrific
By GERRY POSNER “Serendipity” is how Morley Greene describes what has brought him success in life. Perhaps he’s right, but I concluded, after chatting with him and reading articles about him – the most recent one in the Toronto Globe and Mail, that it was more than serendipity that has given Morley the life that he has now at age 81.
The only child of Abe and Sara Greenberg, Morley was raised across the street from St. John’s High School at Machray Avenue and Salter Street. Not surprisingly, he attended St. John’s High School, though he ultimately graduated Grade 12 at West Kildonan Collegiate. Morley admits he was a disinterested student. His tenacity carried him through though and, as he got older, his interest in learning blossomed.
Law was the path Morley Greene chose and it was a part of his life for over 32 years, after graduating from the University of Manitoba law school. His law career began in Winnipeg, then Edmonton and finally, Vancouver. His career took off almost right from the start, and it was not long after that he started his career that he was made a partner at the very prestigious law firm of Buchwald Asper Henteleff.
The future looked promising and soon after he was married, he was the father of three children. In 1976, Morley, just 35 years old, and with a young family, made a bold decision – a decision which changed his life forever. He decided to leave Winnipeg and try to take his tent and talent elsewhere. He credits the late Izzy Asper with paving his way to another high powered law firm in Edmonton. Izzy called his friend, Aaron Shtabsky, and soon Morley was ensconced at Shtabsky and Company. He specialized in tax, mortgages and the real estate industry. Had Morley remained in Edmonton, it would likedly have been all that he needed for the rest of his life in order to be a financial success.
But then another opportunity presented itself to Morley. The Imperial Development Group came calling. This company, led by Donald Gales, Gerald Libling and Gerald Raizen was in the midst of major property acquisitions and development in Winnipeg and elsewhere. Morley was invited to join the company in an executive capacity. It was a major step up for Morley.
In 1979, he and his family moved back to Winnipeg and things went well – until they didn’t. The high interest rates of the 1980s were no doubt a key factor in the eventual dissolution of the Imperial Group. Morley Greene had to start over.
In 1991 he headed further west – this time to Vancouver, where he joined the very well know law firm of Owen Bird. He became licensed to practice law in British Columbia, his third call to the Bar – after Manitoba and Alberta. For six more years Greene was once again a hard working lawyer in a big firm. But then Morley made a second major decision that changed the course of his entire career. In 1997, he gave up law and decided to take on an entirely new challenge in an industry for which he had been advising as legal counsel for a significant part of his legal career.
In 1997 Morley struck out on his own and started a corporation he called Trez Capital (the name came from a variation of the French word “Treize,” which means thirteen). The company began as a mortgage lender. I will not dig deep into all the projects with which Trez Capital has been involved over the years, but there are very many.
Trez Capital has set new standards for the industry over the past 25 years with institutional-grade processes and strict compliance adherence. The history of the company is well recorded in the recent Globe and Mail article featuring Morley and the story of Trez to which I referred earlier.
What is important to acknowledge is this: From nothing (well not quite, as Morley did raise $3 million dollars to start with from private investors), Morley has made Trez the biggest real estate lender in Canada after the banks. Dwell on that statement. The company has funded more than 1600 transactions for a total value of $14 1/2 billion (you read that right), all channeled into different multi-family dwelling, industrial and office projects.
Trez Capital is active all over Canada and the US. The company has offices in Toronto, Montreal, Dallas, Palm Beach, Atlanta, New York, Seattle, Los Angeles and Vancouver. The company has over 170 employees and assets of over $4 billion under its management. Think about it – all that from a Winnipeg kid from the north end.
I would suggest that part of what made Morley and his company so successful is the way he approaches his work and indeed, his relationships with the people around him. Morley interacts well with everyone and demonstrates a genuine interest in them. Moreover, he is not afraid to admit mistakes. He was quite concerned, for instance, that as a result of the Covid pandemic, Trez Capital would face unpredictable problems, so the company made the decision to stop lending.
Morley anticipated defaults coming – and a lot of them. He was wrong – and he admits it. Instead, there were no defaults and, in fact, Trez Capital had a record number of payoffs on its loans. The result of all that is that, throughout the pandemic the company has remained in good shape and it has resumed investing and lending across North America.
Maybe the most telling part of the Trez Capital story is that the company has over 30,000 individual investors and many of those investors (and indeed, many borrowers) have been investing with (and borrowing from) Trez Capital since 1997 – when the company first began. That tells me that Morley knows what being in a relationship-driven business is all about and that he and his team have developed an esteemed – and well-deserved reputation for trustworthiness.
When the pandemic was in full force, Trez Capital, led by Morley Greene, reached out to its investor base, calling them each week to keep them informed as to the current status of the company. Morley and his top brass also made sure that all key employees were informed as to what was transpiring, in accordance with the most rigorous standards of corporate transparency – further evidence of a corporation that places a premium on individual relationships.
At 81, Morley is still very active in Trez Capital, even though he has ascended to a more hands-off role as Chairman and Chief Executive Officer. When I spoke to him, he was busy in his Dallas office. He spoke very proudly of his three children: daughter Mara – now Madam Justice Mara Greene of the Ontario Court of Justice (and, in her spare time a hockey player); daughter Sara Greene, a professor at McMaster University in the Faculty of Social Work; and son Jonathan, an assistant professor in the Faculty of Political Studies at Trent University.
As I mentioned at the outset, Morley attributes his success to serendipity. I would suggest otherwise. In my view, Morley’s life work and in particular, his creation and building of Trez Capital is a testament to Morley Greene’s work ethic, tenacity and commitment to valuable relationships – trés outstanding and nothing less.
Features
“No Jews Live Here” – new book tells poignant story of Hungarian survivors of the Holocaust
Review by JULIE KIRSH (former Sun Media News Research Director)
In 1950 my parents made the decision to leave Hungary, the country of their birth and ancestors. Both were Holocaust survivors. My father survived Auschwitz and was liberated from Buchenwald. My mother hid with false Christian papers in Budapest during the war. Most of their families perished. Coming to Canada without language, money or family support took courage. I am the lucky recipient of their strength, optimism and resilience.
In journalist John Lorinc’s book, No Jews Live Here, his parents and maternal grandmother, Ilona, arrived in Canada in 1956, the second and larger wave of Hungarian refugees. Many were Jewish Holocaust survivors.
Hungary was unique in the east European countries. Lorinc provides an excellent historical overview of Jewish life in Hungary before World War Two.
However the author emphasizes that freedom to succeed in Hungary came at a cost. Lorinc explains why many Jews became Christian converts. In Budapest, an enclave for a thriving Jewish population, Jews constituted 5% of Hungary’s total population. By 1941, over 17% of Budapest’s Jews had converted.
Lorinc’s grandparents who came from wealthy Jewish families converted in the 1920s. However it is important to note that the converts were not saved from the mass deportations in Hungary in 1944. Jews and converts died together in the gas chambers of Auschwitz. Over the course of less than 3 months, with the complete cooperation and enthusiasm of the Royal Hungarian Gendarmerie, 440,000 Jews were murdered. Lorinc’s grandfather was ordered to join a forced labour unit. He marched off wearing a white armband signifying that he was a converted Jew.
One of Lorinc’s poignant stories is his own father’s history as a slave labourer in the copper mines of Bor in Serbia. Often the labourers, of which many were middle class Jewish Hungarians who had never held a tool other than a writing pen in their hands, were starved, tortured and killed. The Hungarian overseers were especially cruel, according to Lorinc’s father.
Chapter 10 is titled Aftermath and although the Russian army liberated the surviving Hungarian Jews, the horrors of the Red Army soldiers are described relentlessly. Women and girls were raped. Looting was prevalent. Lorinc relates that it was not unusual for a Russian soldier to have 4 or 5 watches on his arm.
Ilona, ever the resilient survivor, along with other survivors in Budapest came up with creative ways to feed her family and at the same time, wrangled with legal authorities and her in-laws for the return of their farm and property. The feud between Ilona and her mother-in-law became much more than logistical. It was tangled with betrayal, grief and financial desperation, a classic family conspiracy theory.
In 1956 after the revolution in Hungary, Lorinc’s parents along with many other Hungarian refugees found themselves in Vienna. Choices to leave Europe were dependent on how easy it was to get an exit visa. The entry gates to Canada had been opened and the lineup at the Canadian embassy permitted applicants to stand in a foyer instead of waiting outside.
Toronto in the mid-50s was a “closed” city on Sundays. Even the swings in playgrounds were chained up to discourage children’s use. Italian men were hounded by police to prevent gathering on the sidewalks of Little Italy.
Like many other immigrants, Lorinc’s parents found jobs and gained a foothold in the security of Canadian life.
The author explains that as a child, he and his sister were baptized at a United Church, a classic “just in case” move for the still traumatized survivors.
Then at age 10, Lorinc’s father told him that he was Jewish but didn’t explain why this was a secret. The need to understand Jewish history in Hungary was planted at an early age.
The author goes on to describe his family’s life in the Toronto suburbs of the ‘70s and ‘80s.
A frequent visitor at the family home was his grandmother Ilona, colourful, dramatic and stubborn. She was consumed with “vanities and accusations” and insisted on wearing high heels and fashionable clothing well into old age. Ilona deeply harboured old family disagreements over ownership of the farm in Hungary.
Ilona’s obsession with her fading looks and the family history of betrayal never left her. Hungarian “Jewish Christmas” with Ilona became a battlefield of wounds and grievances.
After she died, Lorinc reflects that her stubborn character still influences his own world perspective, blurring the line between the life of the author and his grandmother’s story.
Lorinc recounts in detail the need for conversion and hiding one’s Jewishness in an historical context. Before the war, Hungary’s Jews looked the same and had the same freedoms as non-Jews. Seeing themselves first as loyal Hungarians didn’t save converted Jews from persecution and the gas chambers. In fact Lorinc argues that conversion contributed to anti-Semitic theories.
Finally Lorinc and his wife make a trip to Bor, the mine and labour camp where his father was interred. The author’s dedication to telling the story of his family’s tragedy and survival is admirable. Readers will find themselves savouring every word, looking within their own family history as part of the saga of human survival.
No Jews Live Here
by John Lorinc
(Coach House Books), 2024
Features
Former Winnipegger Solly Dreman looks back on his life growing up in Winnipeg and living in Israel since 1964
Introduction: Over the years we’ve had many articles about Solly Dreman. Solly comes from a well-known Winnipeg family and, as he explains in the following article, he could have emulated his father Joe and his brother David by fashioning a career as an investment dealer had he stayed in Canada.
Instead, Solly chose to make aliyah to Israel in 1964.
Solly still has a very close connection to the city where he was born – often having returned here – to lecture and to help raise money for various causes, including an organization known as “Ezer Mizion,” for which he organized a very successful dinner here in 2019.
From time to time Solly and his wife Orly have contributed very thoughtful pieces to The Jewish Post & News. What follows is a speech that Solly gave recently on the occasion of Simchat Torah when he was honoured as “Chatan Torah” (the person who recites the last chapter of the Torah):
I was born in Winnipeg Canada to a Zionist family. My parents visited Israel dozens of times before I made Aliyah to Israel. Winnipeg was called the “Jerusalem of Canada” and during the Six Day War in 1967 contributed more per capita than any other city in North America even though the Jewish community was not a wealthy community. My father Joe was a very successful businessman. He was a grain and investment broker and when he passed away at age 90 there was a minute of silence in commodity exchanges all over Canada in commemoration of his life achievements. I was an athlete and was my club Junior golf champion. I also played tennis, hockey, football and, like my father who was city and provincial chess champion, I played chess.
Academically, my first degree was in business administration and I received an Honors Degree in Commerce in 1960. I subsequently worked with my father for a year but the competition was too tough since I was competing not only with my father but with my brother David, who also studied Commerce and today is rated as one of the five most successful investment dealers in the world. For years he wrote a successful column for Forbes as well as several books on the psychology of the stock market.
I realized that the world of finance was not for me and that my major love was people and caring for others, so in 1964 I made Aliyah to Israel to pursue a degree in Clinical Psychology. My doctoral thesis, in fact, was on the subject of altruism and giving to others – something that has characterized much of my personal and professional life.
Today I am the proud father of four children, thirteen grandchildren and married to Orly, who you know has contributed much to our local community. The ten years from 1965 to 1975 were the most productive of my life. I completed my Masters and Doctoral Degrees by 1975 and when the Yom Kippur War broke out in 1973 I was recruited to the Jerusalem Brigade, which was deployed to the Suez Canal.
When it was discovered that I was a doctoral student at the Hebrew University I was appointed as the brigade psychologist of the Jerusalem Brigade, which numbered over 2500 soldiers. I was bestowed officer status and lectured and treated many soldiers suffering from post traumatic stress, depression and other difficulties. I also treated their families on the home front who were suffering, amongst other things, from the “Missing Parent Syndrome,” which many families are suffering from today in our current prolonged and horrific war.
In my professional life as a full professor specializing in clinical psychologiy I have dealt with many of the problems that characterize mainstream life in Israel, such as war and terrorism, post traumatic stress, immigration of Russian and Ethiopian Jews, violence in the family, divorce, and other family crises, including death and dying.
In 1977 I was awarded a Fulbright Scholarship for academic excellence, which allowed me to engage in a post doctorate internship at the University of California Medical School in San Francisco, where I lectured and treated patients. Over the years I have written several books and articles on my clinical work and have also lectured abroad extensively, in Europe and North America.
As for philanthropic endeavours, Orly and I have been extensively involved with two major organizations and have contributed significantly to their efforts to help others. We have supported several golf tournaments for Ezer Mizion, a non profit medical organization in Israel which has saved over 5000 cancer patients internationally through its stem cell registry, which is the largest Jewish stem cell registry in the world.
Ezer Mizion offers both physical and psychological care on both the civilian and military fronts. In addition to its stem cell registry, it has a hotel called Oranit in Petach Tikvah, which hosts – free of charge, cancer patients and their families who live far from treatment facilities in central Israel and who cannot afford to travel on a daily basis for treatment. Ezer Mizion is also intensively involved in the present war effort, caring for and transporting wounded soldiers and their families, and providing meals for them when they are hospitalized.
The Zaka organization identifies bodies of people killed in unnatural deaths caused by terrorism, war, earthquakes and similar incidents. They were intimately involved in identifying corpses following the horrific massacre of October 7th last year in southern Israel.
In closing, I would like to refer to our current war and the prevailing national trauma. My father once said that there were two major principles for life he learned from chess:
- There are no positions so bad that you can’t eventually win.
- There are also no positions so good that you can’t eventually lose.
The first principle is relevant to our present national trauma and so I bring today a message of hope. In spite of the present difficult situation and imminent threats we face, we as a people and nation have survived millenia in the face of overwhelming threats and we shall continue to persist and survive!
Features
“The Goddess of Warsaw” – recently published novel weaves story of Warsaw Ghetto resistance with modern-day Hollywood intrigue
Reviewed by BERNIE BELLAN Here’s a recipe for a great novel: Take one part story of an aging Hollywood former screen star, add in a second part World War II backstory revolving around the Warsaw Ghetto, and finish it with a third part Jewish revenge on Nazis story (remember Quentin Tarantino’s “Inglorious Basterds”) – and you have all the makings of a fabulously good read.
Such is the case with a recently released novel titled “The Goddess of Warsaw,” by American Lisa Barr.
According to the bio on her website, Lisa Barr is the “New York Times and USA TODAY bestselling author of, in addition to THE GODDESS OF WARSAW , WOMAN ON FIRE, THE UNBREAKABLES, and FUGITIVE COLORS. Lisa served as an editor for The Jerusalem Post, managing editor of Today’s Chicago Woman, managing editor of Moment magazine, and as an editor/reporter for the Chicago Sun-Times. Among the highlights of her career, Lisa covered the famous “handshake” between the late Israeli Prime Minister Yitzhak Rabin, the late PLO leader Yasser Arafat, and President Bill Clinton at the White House. Lisa has been featured on Good Morning America and Today for her work as an author and journalist. Actress Sharon Stone has optioned rights to adapt WOMAN ON FIRE for film.”
I was looking for a recently published book by a Jewish author that had an interesting storyline, but since I had never read anything by Lisa Barr prior to reading “The Goddess of Warsaw,” I wasn’t quite sure what to expect.
After all, here is how Amazon describes the book: “the harrowing and ultimately triumphant tale of a Jewish WWII assassin turned Hollywood star …
“The Goddess Of Warsaw is an enthralling story of a legendary Hollywood screen goddess with a dark secret. When the famous actress Lena Browning is threatened by someone from her war-time past, she must put her skills into play to protect herself, her illustrious career, and those she loves, then and now.”
The story seemed kind of formulaic – as I noted in my introductory paragraph – a gorgeous femme fatale sort of story, I thought.
But what I thought at first might be a piece of fluff actually turned into an engrossing – and very harrowing read. Sure, the very first chapter sets the scene by describing an aging Lena Browning (the former Hollywood sex goddess) meeting with a young female star by the name of Sienna Hays, who is anxious to play the part of Lena Browning in a biopic that will not only star Sienna, it will be written and directed by her. Sounds like any number of other similar stories of an aging Hollywood star whose true story is not what had been created for her – right?
But quickly thereafter the story takes us to Warsaw in 1943, at a time when the Nazis had already begun the mass deportation of Warsaw’s Jews to Treblinka, ultimately leading to the deaths of almost all of Warsaw’s prewar Jewish population of 400,000.
We learn that Lena Browning’s real name was Bina Blonski, and she was the daughter of a wealthy Jewish businessman who had been murdered by Nazis right in front of her eyes when she was a young teen. Bina, it turns out, is a very talented actress. Not only that, she has all the trademarks of the prototypical Aryan superwoman: tall, blonde, gorgeous figure who, in this case, while not speaking German, speaks perfect Polish.
To Lisa Barr’s credit, however, she has clearly done quite a bit of research about what life was like in the Warsaw ghetto – and her writing does not spare the reader from any of the horrors that became commonplace aspects of life there.
I was somewhat afraid that the story would go back and forth between wartime and the present – which is 2005 in this case, when Sienna first meets Lena. I’m no great fan of trying to keep events in mind that happened several chapters back. But Barr, it turns out, is a masterful storyteller who, while she does engage in leaps back in time to help explain how certain things turned out the way they did, concentrates for the most part on Bina’s time spent in the Warsaw Ghetto.
There is a love story as part of the novel, and it revolves around Bina’s being in love with one man, Alexander, while she is married instead to his brother, Jakub. What happens to both Alexander and Jakub provides many surprises through the course of the book.
It is Bina’s story throughout, however, that continues to pull in the reader. As others around her come to realize, her talent as an actress lends itself fully to the mission that the leader of one group of Jewish Resistance fighters in the ghetto has planned for her, which is to send her out of the ghetto and find guns and bomb making material that can be smuggled back into the ghetto.
Bina is able to come into contact with a faction of the Polish Resistance whose leader, as fate would have it, is a longtime actor friend of Bina’s. The dangerous missions upon which Bina embarks are as good as any I’ve read in any spy novel, with the difference being that, according to Lisa Barr’s website, many of which are based on true events.
One particularly gut-wrenching episode though – and one which also stems from something that actually occurred during the latter stages of the Warsaw Ghetto’s existence, involves 93 young Jewish women – most of whom are in their teens, who are taken by the Nazis to be their sex slaves. Bina is instructed by Zelda, the leader of the Jewish resistance, what she has to do as a result. It’s hard not to read the description of what happens without your stomach ending up in knots.
Since we know from the start that Lena, a.k.a. Bina (also Irina, when she has to impersonate a Polish woman while she is living outside the ghetto) will survive the war, the question becomes: How did she go from being a Jewish refugee to a Hollywood actress of great fame – and talent?
Barr fashions a believable scenario that is not beyond the realm of possibility for explaining how Bina Blonski is able to transform herself into Lena Browning, but what I found a little hard to believe is how someone whose face would have become familiar to millions of movie fans around the world – and who had not undergone any plastic surgery to change her appearance, would have gone unrecognized throughout her film career?
Still, that’s a minor quibble – and hardly enough to get in the way of what is ultimately a riveting story.
With a combination of excellent research and an admirable talent for storytelling, Lisa Barr has fashioned a compelling book that should appeal to readers of all ages and genders.
Since so much of the action takes place at a time when Bina Blonski is a very young woman and many of the characters with whom she has connections in the Warsaw Ghetto are only teens themselves, I would think that The Goddess of Warsaw is a novel that might also appeal to teen readers. Some parts might be awfully difficult for younger readers to read , such as what happens on a day-to-day basis to children in the ghetto, but in the end, this book is so compelling that I would recommend it to anyone.
The Goddess of Warsaw
By Lisa Barr
368 pages
Published by HarperCollins
May, 2024
Available on Amazon
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