For the first time, a property developer is the president of the United States — the most powerful position a member of the real estate industry has ever occupied.
But the opening weeks of the Donald Trump presidency have left one question still open: whether the industry in which Mr Trump spent his prior working life should celebrate his rise.
Mr Trump is bringing his fellow real estate men into high-profile roles: Stephen Schwarzman, co-founder of the world’s largest property investors Blackstone, heads his business forum; Steven Roth and Richard LeFrak, of Vornado and the LeFrak Organization respectively, will run a new infrastructure council; Thomas Barrack, founder of Colony NorthStar, planned his inauguration. Between them, these men control about $200bn of real estate assets.