Crossword Genius

A man of property (5)

Ross

I believe the answer is:

owner

I'm a little stuck... Click here to teach me more about this clue!

'a man of property' is the definition.
(I've seen this before)

'of property' is the wordplay.
I cannot really understand how this works, but
'of' could be 'o' and 'o' is present in the answer.
'property' could be 'r' (r is a kind of property) and 'r' is present in the answer.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for owner that I've seen before include "Title holder?" , "The person in legal possession" , "Title-holder" , "One that secured" , "Person having property" .)

I've seen this clue in The Globe and Mail.
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