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In many ways, managing a property for a real estate fund is just like managing property for any other owner. The real estate fund manager needs to have a clear understanding of the fund's goals and objectives for the property and its ability to provide cash for the property's operations, planned renovations or correction of deferred maintenance. Allocating funding for tenant improvement costs or leasing commission expenses is essential as is having an exit strategy for the property. The fund manager serves as the general partner or managing member of the fund and makes all investment decisions on its behalf. Understanding how real estate funds are structured and how they seek to execute their investment strategies for their investors can help the real estate manager provide excellent se...
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Following are real estate transactions over $5,000 as listed in records of the Erie County Clerk's Office for the week ending Sept. 9.
ALDEN
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The precipitous drop in the real estate and securities markets has certainly been painful for many, yet there is a silver lining. Depressed asset values, low interest rates, and the likelihood of continuing federal estate taxes make certain federal estate tax planning strategies extremely attractive. Two such strategies are transfers to grantor retained annuity trusts (GRATs) and sales to intentionally defective grantor trusts (IDGTs). Both are "estate freeze" techniques, with each permitting the transfer of an asset's future appreciation without significant use of federal estate and gift tax exemptions. The GRAT is a creature of IRC Section 2702, whereby a taxpayer may transfer assets to a GRAT in return for the right to receive annuity payments for a term years. Advantages of the IDGT...
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The enactment of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "Act") on December 17, 2010 provides taxpay...
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Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) transferred rulemaking authority for a number of consumer financial protection laws from seven Federal agencies to the Bureau of Consumer Financial Protection (Bureau) as of July 21, 2011. The Bureau is in the process of republishing the regulations implementing those laws with technical and conforming changes to reflect the transfer of authority and certain other changes made by the Dodd-Frank Act. In light of the transfer of the Department of Housing and Urban Development's (HUD's) rulemaking authority for the Real Estate Settlement Procedures Act (RESPA) to the Bureau, the Bureau is publishing for public comment an interim final rule establishing a new Regulation X (Real Estate Settlement Proced...
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OFFICE BUILDINGS 54 COMMERCIAL PROPERTY MANAGEMENT FIRMS 55 MORTGAGE LENDERS 57 RESIDENTIAL REAL ESTATE AGENCIES 58 RESIDENTIAL REAL ESTATE AGENTS 59 ...
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Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending May 13.
AKRON
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Following are real estate transactions over $5,000 as listed in records of the Erie County Clerk's Office for the week ending Sept. 30.
ALDEN
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Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending July 22.
ALDEN