News: Finance

Real Estate Finance Association names board of directors

Shown  are past president Ravi Ragnauth
and 2025 REFA president Jill Sharif

Boston, MA The Real Estate Finance Association (REFA) has named its board of directors for 2025:

Jill Sharif, vice president-national business development, Commonwealth Land Title Insurance Company – National Commercial Services, will serve as president, along with president-elect John Roach, managing director, Berkshire Residential Investments, and treasurer Martha Nay, managing director, JLL.

REFA is supported by its board of directors:

• Andrew Alperstein, partner, PwC;

• Kristen Binck, vice president, legal, Oxford Properties;

• Peter Bloomfield, partner, KPMG;

• Gregory Bohenko, vice president of acquisitions, Samuels & Associates;

• Gregory Bradford, partner, Nutter;

• Heather Brown;

• Nilesh Bubna, founding partner, Longpoint Realty Partners ;

• Grant Buchanan, senior financial analyst, BXP;

• Robert Byrne, executive vice president, CBRE;

• Mike Caliva, vice president - development, Skanska USA Commercial Development;

• Michael Chase, managing director, debt & equity, NorthMarq;

• Sam Crossan, managing director, JLL ;

• Joelle Denham, chief operating officer, Bulfinch;

• Katie Edgerton, senior vice president, Bank of America;

• Lauren Ferrando, senior director, Tishman Speyer;

• William Flynn, executive vice president, head of operations, Net Lease Capital Advisors ;

• William Foley, senior managing director, Citizens Bank;

• Colleen Foy, executive vice president, M&T Bank;

• Samantha Hallowell, senior managing director, Newmark;

• Melanie Herald, SVP/SMD, global head of fund finance and CRE lending, State Street Corp.;

• Michael Lane, senior associate, Davis;

• Elizabeth Lowrey, principal, Elkus Manfredi Architects;

• Adrienne Maley, executive vice president, commercial divisions, REFA;

• Ian McKinley, manager, property tax commercial, Ryan, LLC;

• Michelle Mussafi;

• Jennifer Nasser, assistant vice president, US Bank;

• Cara Nelson, partner, DLA Piper LLP US;

• Vin Norton, owner, Urban Meritage;

• Lauren O’Neil, chief operating officer, AEW Capital Management;

• Ryan Parker, director, JLL;

• Deke Schultze, VP/client portfolio manager, capital formation, Lionstone Investments ;

• Janaki Stern, director of private real estate debt, Fidelity Investments;

• Kevin Stone, director, CrossHarbor Capital Partners;

• Caroline Suarez, senior associate, Manulife Investment Management;

• Lauren Sullivan, chief operating officer, Greatland Realty Partners; and

• Brian Weeks, vice president, national business development, First American Title Insurance Company – National Commercial Services.

We hope you can join REFA in 2025 for our quality networking and educational programs:

• REFA will be starting the year with our 2025 Annual Forecasting Program on January 24th at WilmerHale, 60 State St. Kicking off the program, leading economist, Richard Barkham, global chief economist, head of global research & head of americas research, CBRE, will provide a comprehensive overview of the CRE industry, sharing key insights on 2024 trends and projections for 2025. This market analysis will set the stage for a dynamic discussion led by Lauren O’Neil, chief operating officer, AEW, and a panel of industry professionals. Learn more on our events page, REFA.org, under the Events tab.  

• GBREB is also excited to announce the 2025 Installation of Officers on Wednesday, February 5th at WilmerHale. Enjoy a cocktail reception and hor d’oeuvres as this year’s officers are sworn in. All members from BOMA, CBA, GBAR, MAA, & REFA are welcome to celebrate with us on this complimentary evening! Register and learn more on our events page, REFA.org, under the Events tab.  

• REFA will also be supporting Breaktime and FamilyAid Boston at the Winter Walk on Sunday, February 9th, 2025. The 9th Annual Winter Walk is an initiative that believes ending homelessness is within our reach. Their mission is to raise awareness and funds towards that goal, and to support organizations that are working on prevention, support, and care for our homeless community. Learn more about the Winter Walk and join REFA on our events page, REFA.org, under the Events tab.  

• Please join REFA Tuesday, February 4th, at PwC in the Seaport, for Changing Tides: The Evolution of Boston’s Life Science Real Estate Market! This dynamic conversation will explore resilience, innovation, and the future of life science real estate in Boston. Featuring industry leaders, moderator, Mark Bruso, director, Boston research, JLL and speakers, Robert Albro, chief investment officer/partner, King Street Properties; Colleen O’Connor, executive vice president, market lead U.S & UK, BioMed Realty; Maggie Dore, director of leasing, Breakthrough Properties; and Morgan Weinstein, executive vice president, Northeast, Phase 3 Real Estate Partners, Inc. Register and learn more on our events page, REFA.org, under the Events tab.  

Learn more about REFA, including membership, events, and ways to get involved, please visit us at www.refa.org. Follow REFA’s LinkedIn, Twitter, and Instagram @REFABoston.

Tags: Finance
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

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
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

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.
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

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.