Republicans in the house and senate have come to a tentative agreement on the tax reform bill, according to CNN. Here are some of the impacts on the industry from the overhaul of the U.S. tax system. The new tax plan…
A few weeks ago, we covered WeWork's first "Future of Philly" event which covered Philadelphia's tech scene. A big question was asked: has Philly's tech scene reached its Tipping Point? The question stretches far beyond just the city's tech scene.…
I often talk about how local politics influence the commercial real estate sector, particularly when it comes to development approvals and related decisions. But the real estate industry is equally aware of decisions made at the federal level of…
Today we feature a great article on tax assessment of real estate, courtesy of our friends at Integra Realty Resources and their blog, IRR on Real Estate: Know your tax assessment rights: What we can all learn from Pennsylvania…
From an economic standpoint, some cities grow extremely quickly. Some do not. Philadelphia, for all its strengths and opportunities, is unfortunately in the latter category. True, Philadelphia is the fifth-largest market by population in the U.S. and host to a…
I don't like to pay taxes. It's true. I'm no Tea Partier or anti-tax crusader, I just don't like to pay taxes. But I understand why taxes exist and so I pay them nonetheless. Even Philadelphia's local wage tax, which…
Let's lighten the mood a bit and talk about taxes. Last weekend, the Inquirer published another installment in its ongoing investigation of Philadelphia's epidemic of tax-delinquent properties and the city's efforts to collect the millions upon millions of dollars…
Mark is an experienced real estate practitioner with a particular focus on representing clients in the hospitality industry. He routinely handles a broad range of real estate matters, including acquisitions, development, joint ventures, leasing and finance.
As co-chair of the firm’s Hospitality Practice, Mark serves as lead attorney in more than 30 transactions annually involving the sale, acquisition, development and management of full-service and limited-service hotels throughout the United States. He is skilled in the negotiation of franchise and management agreements and has worked closely with major franchise companies, such as Marriott, Choice and Hilton, in transitioning franchisees and resolving disputes.
A familiar face within the hospitality community, Mark has written and spoken on matters of interest to executives in the industry, as well as to shopping center owners and tenants. He has taught at the Institute for Paralegal Training in Philadelphia and lectured on commercial leasing topics to developers and retailers.
Mark’s leadership roles within the firm include serving as a member of the firm’s Executive Committee, managing partner of the firm’s Philadelphia office and former chair of the firm’s Real Estate Department.
In law school at Boston University, Mark received the Paul J. Liacos, Edward P. Hennessey, and G. Joseph Tauro scholarly designations.
Q: How has your background in law informed your perspective on real estate?
When you are a real estate lawyer and have been at it for a long time, you come to understand business issues involved in transactions. It is essential to understand your client’s interests, the overall business environment, and the various issues that sometimes arise. In order to be a good advocate for a real estate professional, you need to understand the market and its key pressure points. That is essential to being an effective advocate for your clients.
As is often the case, this is not my list. I found this ranking in an interesting article on Seeking Alpha, in which Avi Morris names his choices for this year’s Top 8 REITs for Yield Potential, emphasizing the appeal of their tax-advantaged dividends.
(These REITs are ranked in descending order according to their 2011 yields, which means they’re basically in no particular order when it comes to their potential for 2013.)
– Omega Healthcare Investors (NYSE: OHI)
– Senior Housing Properties (SNH)
– EPR, Inc. (NYSE: EPR)
– Sun Communities (NYSE: SUI)
– Campus Crest Communities (NYSE: CCG)
– Highwoods Properties (NYSE: HIW)
– Home Properties (HME)
– HCP (NYSE: HCP)
An interesting list, including several of the less-talked-about REITs. There’s a good mix by asset class, with both diversified and specific-asset REITs making up this ranking: If we break this list down by asset class, we have 3 healthcare/senior living REITs, one trailer park operator (my term, not theirs), one student housing REIT, a couple multifamily REITs, and two diversified REITs (including EPR, a/k/a Entertainment Properties Trust, whose holdings include everything from movie theaters to water parks to charter schools).
Economist Andy Xie discusses real estate activity in Asian markets such as Hong Kong and Singapore. He suggests China’s property market is not what it seems: