News: Financial Digest
Posted: June 10, 2009
William Suglia 2009
Name: William Suglia
Title: Senior Vice President/Division Executive
Company: Citizens Bank
Location: Manchester, N.H.
Birthplace and year: New York City, 1957
Family: Wife, Lisa; children: triplets, John, Will, Cara, and Thomas
College: St. Anselm College, BA, Political Science; New York University, MBA
First job outside of finance: Parking lot attendant
First job in finance or allied field: Commercial real estate lender, Chase Manhattan Bank
What do you do now and what are you planning for the future? Manage the commercial real estate group for northern New England, maintain an ongoing book of business relationships; maintain credit stability; make new loans (selectively).
Hobbies: Skiing, golf, riding my Harley
Favorite book: "The Republic of Suffering" by Drew Gilpin Faust
Favorite movie: "Deuce Bigelow"
Key to success: Read the fine print.
If you had to choose another vocation what would it be? Teacher
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Columns and Thought Leadership
Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange real estate investors - by Dwight Kay
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.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
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
Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay
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.
What’s UP with that? - by Kyle Kadish
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)