Name: Daniel Mee
Title: Executive Director
Company: Tremont Realty Capital
Location: 800 Boylston St., Boston, Mass.
Birthplace and year: Boston, Mass., 1959
Family: Wife Karen, sons Daniel and Timothy
College: Harvard University, AB in Economics; Harvard Business School - MBA
First job outside of finance or allied field: Harvard Real Estate - property manager
First job in finance or allied field: Construction lending group at Chase Manhattan
What do you do now and what are you planning for the future? I founded the firm with Rick Gallitto in 2000. We are a real estate advisory company providing clients with debt and equity products.
Hobbies: Active in charities, golf and attending sporting events.
Favorite book: "Lone Survivor" by Marcus Luttrell
Person you admire most (outside of family): Jack Welch
Keys to success: There are no shortcuts, you have to put your time in, stay focused.
If you had to choose another vocation what would it be? Pro football player
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4