Suglia and Smith join Salem Five Bank as vice presidents
According to Salem Five Bank president and CEO Joseph Gibbons, Bill Suglia has been appointed to the position of senior vice president and commercial real estate loan officer.
Prior to joining Salem Five, Suglia worked as a senior vice president and division executive of commercial real estate at Citizens Bank responsible for managing the northern New England market including New Hampshire, Maine and Vermont.
Also, Allison Smith has been appointed to the position of vice president and senior portfolio manager in the commercial real estate division.
Smith was formerly a senior vice president in the commercial real estate division at Citizens Bank. Prior to this role she served as the vice president of credit review.
Smith holds a bachelor of science degree in education from St. Lawrence University. She has served on the boards of several charitable foundations in New Hampshire and is actively involved in civic organizations in Bedford, NH, where she currently resides.
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.
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.
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)
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