Name: William Tanski
Title: President, Real Estate Finance Association
Company: Outlook Capital Partners
Location: Wellesley Office Park, Wellesley, MA
Birthplace and year: Wilkes-Barre, Penn.,- 1954
Family: Wife, Christine; children: Louise, Emilie and Philippe
College: Penn State University - BS Environmental Engineering; Harvard University - Master City & Regional Planning; Boston University - MBA
First job outside of finance: Smith Miller & Assocs. - project rep. - engineer
First job in finance or allied field: Bank of Boston - Real Estate Investment Group
What do you do now and what are you planning for the future? Continue providing networking and educational programs for members - maintain momentum, maintain membership & sponsorship. Initiate new ideas such as a past president breakfast to discuss the role of REFA in the industry.
Hobbies: Tennis, aviation, drink wine and read
Favorite movie: "Chilly Scenes of Winter"
Person you admire most (outside of family): Gerhard Kallman
Key to success: Do what you love
If you had to choose another vocation what would it be? Historian
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.
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
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.