A very hot topic has been added to the Philadelphia Commercial Sub-Group on Tuesday Night. During these cold winter months the property reassessments and how they will affect property taxes with the new Actual Value Initiative or AVI. The city has recalculated the value of all its taxable land. There will be winners and there will be losers, and the suspense is about to end as the new property assessments are in the mail. Some homeowners have already gotten them - others are still waiting. Predictions, however, say taxes could end up doubling for some. We will have an expert legal counsel in regards to this subject start the meeting, Michael Mattioni Esq. and his focus of his practice is on corporate and other business organizations, real estate, land use and zoning, taxation and estate planning.
Philadelphia Commercial Sub Group - March 2013!
Tuesday, March 5, 2013 6:30 PM to 8:30 PM
London Grill
2301 Fairmount Avenue
Philadelphia, PA
Learn all about PA/NJ/DE CCIM Chapter from the Real Estate Experts... The mission of the PA/NJ/DE CCIM chapter is to provide members with the highest quality marketing and networking opportunities, services and education to enhance their ability to conduct business successfully. Vision: Position the CCIM as the professional of choice in commercial investment real estate matters in the minds of clients, customers, lenders, educators, affiliated professionals and the media.
CRAIG E. FERNSLER, CCIM, GRI, SRES
Certified Commercial and Investment Member
For over 20 years, Craig has specialized in commercial and investment properties of all types, large or small, with helping his clients increase their bottom line, maximize their wealth, and to legally minimize tax consequences for every transaction. These methods include 1031 Exchanges, Cost Segregation, Installment Sales, Deferred Sales Trusts, Charitable Remainder Trusts, and Triple Net Retail Properties. In 1989, Craig purchased his first investment property - Since then, he has bought or sold approximately $16.3 million of his own personal Commercial/Investment properties, ranging from single family homes to apartment buildings to retail strip centers to vacation homes. He continues to invest in real estate to enlarge his assets and has owned several limited liability companies for this purpose. As both a principal and a real estate broker, he has completed several 1031 exchanges, which defer 100 percent of any Federal capital gains tax.
Fernsler holds the coveted Certified Commercial Investment Member® (CCIM) designation. A CCIM is a recognized expert in the commercial and investment real estate industry and is proficient not only in theory, but also in practice. CCIM is part of a global commercial real estate network with members across North America and in more than 30 countries. This professional organization closes thousands of transactions annually, representing a projected $400 billion in value. Of the more than 150,000 commercial real estate professionals in the United States, only an estimated 6 percent hold the prestigious CCIM designation. this designation is the highest conferred within the fields of commercial and investment real estate.
Additionally, Fernsler is the 2012 President of the Pennsylvania, New Jersey and Delaware CCIM Chapter, a board member of the chapter, a member of the International Council of Shopping Centers (ICSC), a member of the Tri-State Realtors® Commercial Alliance, and has served as Vice President and on the board of directors of the Diversified Real Estate Investors Group. He also holds a Series 22 and a Series 63 securities license. Fernsler also has extensive experience in land development and acquisitions, for brokerage as well as his own companies, in several counties and two states. Craig also holds the industry designations of GRI (Graduate of the Realtor Institute) and SRES (Seniors Real Estate Specialist), as well as a Series 22 and 63 securities license. Since 2006, he also has taught Commercial Real Estate continuing education to real estate professionals.
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