News: Financial Digest

The REFA 2013 Recap: Membership is at an all-time high

The Real Estate Finance Association (REFA) saw one of its most successful years in 2013. With membership and corporate sponsorships at an all-time high, there is not a better time to be a part of REFA! 2013 Highlights include: * Membership is at an all-time high with 550 members and 67 corporate sponsors. * Close to 600 members of the REFA community celebrated the 25th Annual REFA Gala and honored mayor Thomas Menino with the Robert S. Swain Jr. Distinguished Service Award. * REFA Golf Outing which saw record attendance and raised $24,000 for two local charities. * 27 quality programs and events that featured distinguished speakers such as Pamela Herbst, AEW Capital Management LP; Tod McGrath, MIT; Tom DeSimone, WS Development; Andy Hoar, CBRE | New England; and Michael Labelle, Boston Properties. In 2014, REFA will continue to offer quality programming and quality networking opportunities. We look forward to growing our membership and working together to help make REFA Boston's leading commercial real estate business association. Please join them for their Annual Forecasting Luncheon on Wednesday, January 15 at WilmerHale LLP. Frank Petz, Frank Petz of Jones Lang LaSalle will moderate the panel discussion which will give insight into the outlook for the real estate industry in 2014. Confirmed panelist for the program include Alicia Sasser Modestino from the Federal Reserve Bank of Boston, and Anthony Pangaro from Millenium Partners.
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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.