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Finance
Posted: May 14, 2021
The Real Estate Finance Association hosts its second DEI Discussion Series on April 28th
Boston, MA REFA held its second DEI Discussion Series on April 28th with a conversation about The Color of Law: A forgotten History of how our Government Segregated America, by Richard Rothstein. As part of REFA’s DEI Initiative, REFA will be continuing to host this discussion series every few months. The purpose of each session is to host a guided discussion based on a movie, book, article, news-clip, etc. that brings diversity to the forefront and sparks a conversation. These are meant to be open conversations where REFA Members are free to share ideas and thoughts with colleagues. Over 20 members participated in this month’s discussion.
On April 29th, REFA hosted a Webinar titled The Impact of COVID-19 on CRE – 1 Year Later. This program, with over 200 attendees, was a follow-up to REFA’s most successful Webinar last year. Robert Palter, McKinsey & Company, Navjot Singh, McKinsey & Company kicked off the program with a Market Update. Paul Ayoub, Nutter, moderated a conversation with Leslie Cohen, Samuels & Associates; Jonathan Davis, The Davis Companies; Robin Lidington, Wells Fargo; and John Wolfe, Bank of America. The panelists shared their thoughts on topics such as the most significant impacts of COVID-19 on the CRE industry, challenges in the year ahead, urban vs. suburban future trends, and return to office.
The REFA Emerging Leaders will be hosting the first Executive Insights program of the year on June 3rd. These programs are designed to give 20-25 Emerging Leader members the opportunity to have a casual conversation and gain industry insight from a prominent industry leader. This event will feature Colleen O’Connor, VP, leasing, East Coast and U.K. Markets, Biomed.
Please Save the Date for REFA’s Annual Golf & Tennis Tournament on Monday, August 23rd at Dedham Country & Polo Club, as well as the Annual REFA Gala on Tuesday, October 26th at Westin Copley Place.
To learn?more about REFA membership and programs, please visit www.REFA.org and follow REFA on Instagram, Twitter, and LinkedIn @REFABoston.
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Finance
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Quick Hits
Columns and Thought Leadership
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.
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
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
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.
