News: Front Section

Helge Capital donates critical medical equipment and supplies to Codman Square Health Center

Dorchester, MA In the fight against COVID-19, Helge Capital has made a second donation of critical medical equipment and supplies to Codman Square Health Center. The nonprofit is in dire straits as its resources have been depleted while working to serve patients in one of Boston’s most vulnerable communities during the coronavirus outbreak. Helge Capital founder and CEO Oleg Uritsky sent another 44 units of oximeter blood oxygen monitors to Codman, adding to the 77 oximeters and blood pressure monitors Helge donated last month. 

Codman Square Health Center serves as the principal option for affordable, quality, primary and preventative care in the community.  Codman is the safety net for Dorchester and Mattapan, serving more than 23,000 patients each year, 87% of whom live below 200% of the Federal Poverty Level.  This neighborhood health center has seen a dramatic loss in revenues during the COVID-19 pandemic and more help is urgently needed. Codman serves as an essential provider to support the clinical, social and economic needs of its patients and to prevent unnecessary visits to the emergency department and hospital.  

Uritsky had envisioned the shortage of certain medical equipment two months earlier based on events taking place in Europe. While it was still widely available, he then purchased a portable ventilator/BiPAP, oxygen concentrator and a supply of hyrdroxychloroquine with azithromycin for his family home use to prepare for the pandemic. “I believe it’s critical for Codman to have enough tools to assess the oxygen and blood pressure levels of COVID-19 and other patients and for the scarce medical resources to be used appropriately,” said Uritsky. “I know enough about shortages of medical resources that can devastate people’s lives.” Standing by its longstanding commitment to giving back to the community, Helge Capital decided to donate these specific items. 

Helge Capital owns a residential portfolio of properties in Dorchester, Mattapan, Roxbury and Hyde Park and self-manages its properties through an affiliate, Advanced Property Management. Codman Square Health Center is still in urgent need of donations. To learn how to help visit www.Codman.org. 

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

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:
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.