Governor Hogan put his assets into the “Lawrence J. Hogan, Jr. Trust”, the arrangement of which is kept confidential following approval from the Maryland Ethics Commission. The Trust, despite the example set by numerous other governors across the country, is not a blind trust (story here). The Lawrence J. Hogan Jr. Trust is the sole owner of The Hogan Group, which owns several Hogan companies, including Hogan Development, LLC.  Hogan Development, LLC, in turn, owns numerous subsidiaries that are the owner or developer of many developments, including these projects listed below, which benefited from State Highway Administration projects. The document provided in the Governor’s financial disclosure can be seen here.  We have recreated that same document in a readable format here. Finally, Governor Hogan, through this Trust, which manages his real estate development holdings, has earned $2.4 million while he has been governor.  Apparently, Governor Hogan has not once recused himself from decision-making affecting his numerous real estate interests involving government permits, approvals and funding.