10-02-2014 - REFA to honor Pam Herbst at REFA Gala
The Real Estate Finance Association (REFA) informed their membership last month that Pamela Herbst, managing director and head of the direct investment group at AEW Capital Management will be the recipient of the Robert S. Swain Jr. Distinguished Service Award at the Annual REFA Gala, to be held October 2nd at Westin Copley Place.
Herbst will join an elite list in the real estate community of past recipients; most recently mayor Thomas Menino in 2013, Joe Fallon of the Fallon Company in 2012, Thomas Hynes of Colliers International in 2011, and Thomas DeSimone of WS Development in 2010. REFA has also recognized three families over the course of the award's history.
The distinguished service award is named in honor of the late Robert S. Swain, Jr. Swain gained respect and admiration of his colleagues within the real estate finance industry during his 33-year career in the profession. He was a valued member of the Greater Boston Real Estate Board for over 25 years and was an active member and leader of the Mortgage Finance Committee, which eventually developed into the present Real Estate Finance Association.
The REFA Gala, which perennially attracts over 500 real estate professionals, has long been a celebration of the organizations accomplishments, as well as recognizing an individual who has made significant contributions to the real estate industry as well as the community.
For more information about the Annual REFA Gala, please visit our website at www.refa.org.
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.