Jeffrey Rahn President Real Estate Finance Assn. of Greater Boston
Name: Jeffrey Rahn
Title: President, Real Estate Finance Association of Greater Boston Real Estate Board
Company: MMA Financial
Location: 101 Arch St., Boston
Birthplace and year: Mt. Morris, Ill., 1954
Family: Wife, Janice; sons: Jake and Josh
College: Eastern Illinois Univ., BS Accounting; DePaul Univ., MBA
First job outside of finance: Urban Investment & Development Co., managed shopping centers.
First job in finance or allied field: Balcor - financial analyst
What do you do now and what are you planning for the future? Maintain current programming and member networking opportunities; elevate REFA's image in the real estate community; maintain community service program.
Hobbies: Play tennis
Favorite book: Anything by James Lee Burke or Dean Koontz
Favorite movie: I love the Diehard Series.
Key to success: Show respect.
If you had to choose another vocation what would it be? Personal financial advisor
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.
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.
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.
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
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