News: Front Section

George Verne 2011

Name: George Vernet Title: Principal Company: Vernet Properties Location: Salem, Mass. Place of birth: Melrose, Mass. Family: Wife, Ann; daughters, Victoria and Jessica College: University of Southern Maine First job unrelated to your current field: Caddy First job in current field: Commercial real estate broker with Carlson Commercial Real Estate in Salem What your firm does now and its plans for the future? More redevelopment and development of retail and office. Currently working on 3 projects that were all purchased in 2011. Hobbies: Golfing, skiing and boating Favorite Book: "Decision Points" by George W. Bush Favorite film(s): "The Godfather", "Platoon" and "My Cousin Vinny" Keys to success: Honesty, hard work and following up Person you most admire (outside of family): John Adams If you had to choose a different profession, what would it be? Professional golfer
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Columns and Thought Leadership
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
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While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
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