News: Front Section

Rockport Mortgage Corp. awards $50,000 in scholarships in partnership with GBREB and uAspire

Gloucester, MA A $50,000 donation by Rockport Mortgage Corp. will fund scholarships for 40 Boston area students attending college this fall. 

On Thursday, June 4th, Rockport Mortgage’s managing partner and president Dan Lyons was set to be recognized by the Greater Boston Real Estate Board (GBREB) and uAspire, a leading national provider of financial aid advising, as the recipient of the 2020 GBREB Humanitarian Award. The event would also honor lieutenant governor of Massachusetts Karyn Polito as the recipient of uAspire’s First One Award. 

Although the event, GBREB Foundation’s largest fundraiser of the year, was postponed due to the pandemic, Rockport Mortgage donated $50,000 to provide Boston area students with needed additional financial support to attend college. “The pandemic may have canceled our celebration, but not our purpose,” Lyons said.

In 2015, GBREB and uAspire partnered to raise one million dollars for Boston students by 2018. After more than doubling that goal, mayor Martin Walsh challenged them to raise another million in only three years, a goal which is currently underway.

Lyons and Rockport Mortgage are widely recognized for philanthropy in the real estate world and beyond, particularly when it comes to supporting youth and family organizations. “There has been no other personal donor since the inception of this scholarship that has put as much compassion and care into the lives of young people as Dan Lyons,” said Greg Vasil, president and CEO of GBREB. “We are truly grateful to have such a dedicated partner.”

This year, the GBREB Scholarship program will give approximately 40 students “last dollar scholarships” which provide up to $5,000 per student and are designed to supplement their financial aid packages without affecting them. uAspire Manager of Individual Giving and Events Erika Del Rosario says recipients were notified of their awards at the end of June. 

The Class of 2020 scholarship recipients will be known as Rockport Mortgage Scholars in honor of the company’s donation.

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
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.
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.

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.
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: