Gavegnano named acting CEO and pres. of East Boston SB and Meridian
At the June 9th meetings of the boards of directors of Meridian Interstate Bancorp, Inc., and its wholly-owned banking subsidiary, East Boston Savings Bank, Richard Gavegnano, chairman of the board and chief executive officer of Meridian and chairman of the board of East Boston Savings Bank was appointed as the CEO and acting president of East Boston Savings Bank and of Meridian Interstate. Gavegnano replaces Robert Verdonck, who recently resigned and retired. Gavegnano has been authorized by the board to lead a search committee to consider candidates for the president position.
Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one of the most tax efficient real estate investment strategies available today.
Investors have multiple tools to defer tax liabilities when selling investment properties. The best known is likely a 1031 exchange - which has been around in some form or fashion for over 100 years. Installment sales have existed as part of the code for more than 75 years. Newer legislation (2017) created Qualified Opportunity Zones (QOZs)
It seems like every day there is another reason showcasing the reason why more and more investors are choosing to stay debt-free when investing in Delaware Statutory Trust (DST) properties in a 1031 exchange.
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