Name: Patrick Mulready
Title: President - Real Estate Finance Assn. of Connecticut
Company: CBRE
Location: 185 Asylum St., 31st Flr., Hartford, CT
Place of Birth and Year: Hartford, CT - 1974
Family: wife; Christine, children; Devin, Sawyer, Eloise, Cleo
College: U of CT - BA Economics with concentration in RE & Urban Economic Studies
First job outside of finance: Appraiser - Farley Whittier Partners
First job in Finance or Allied Field: RE Broker for CBRE
What do you do now and what are you planning for the future: Create networking opportunities and educational programs for members
Hobbies: Boating, fishing, run marathons
Favorite Book: "Catch 22" by Joseph Heller
Favorite Movie: "Pulp Fiction"
Person you most emulate (outside of family): George Washington
Key to success (one idea): Pay attention to details in order to better serve my clients
If you were forced to choose another vocation what would it be?: Writer
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.
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
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)