The Real Estate Finance Association (REFA) has many great programs lined up for the rest of spring and heading into the summer.
REFA Fundamentals
of Real Estate
The programing begins on Wednesday, May 15th, which will be on the topic of GSE lending, and the outlook for Fannie, Freddie and the new HUD. Speakers for the discussion include Peter Martin, senior vice president at GID Investment Advisers; Carl Valeri, president and COO of Hamilton Co.; and Traverse Fournier, managing director at Greystone Servicing Corp., Inc. The program will take place at Brown Rudnick LLP, One Financial Center in Boston.
REFA Quarterly Education
Another education program will follow on May 22nd, and will focus on upcoming tax reform and the possible effects on the real estate industry. Speakers for the discussion include Adam Feuerstein, a principal at PricewaterhouseCoopers LLP; Larry Silverstein, a partner at Bingham McCutchen LLP; and David Quade, senior partner and executive vice president at Berkshire Property Advisors. The program will take place at PricewaterhouseCoopers LLP, 125 High St. in Boston.
Members-Only Luncheon
On June 5th, REFA will hold their 3rd Members-Only Luncheon of the year on the topic of multifamily growth in Boston and its effects on other asset classes. The discussion will be moderated by National Development president Tom Alperin, and features the following panelists: Jonathan Davis, founder of the Davis Companies; Sarah Lagosh, a director at Eastdil Secured; and Robert Winchester, president and COO of Waterford Hotel Group. The luncheon will take place at Nixon Peabody LLP in Boston.
Annual Charitable Golf Outing
REFA's Annual Charitable Golf Outing will take place on July 22nd, at Blue Hill Country Club in Canton. The outing will benefit HomeStart, Inc. and Heading Home, two local charities with missions of ending homelessness in Greater Boston.
For more information about REFA upcoming programs and events, visit our website at www.refa.org.
East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
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.
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