Name: Patrick Mulready
Title: President - Real Estate Finance Assn. of Connecticut
Company: CBRE
Location: 185 Asylum St., 31st Flr., Hartford, CT
Place of Birth and Year: Hartford, CT - 1974
Family: wife; Christine, children; Devin, Sawyer, Eloise, Cleo
College: U of CT - BA Economics with concentration in RE & Urban Economic Studies
First job outside of finance: Appraiser - Farley Whittier Partners
First job in Finance or Allied Field: RE Broker for CBRE
What do you do now and what are you planning for the future: Create networking opportunities and educational programs for members
Hobbies: Boating, fishing, run marathons
Favorite Book: "Catch 22" by Joseph Heller
Favorite Movie: "Pulp Fiction"
Person you most emulate (outside of family): George Washington
Key to success (one idea): Pay attention to details in order to better serve my clients
If you were forced to choose another vocation what would it be?: Writer
Boca Raton, FL C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
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
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.