News
DISTRESS & CONSQUENCES
June 24, 2009
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| Distressed assets may have tax consequences, like capital gain, so perhaps a 1031 is better, says Asset Preservation’s Pamela Michaels, a featured speaker with Meltzer Lippe’s Steve Breitstone during National Realty Club’s luncheon at the Williams Club. Stephen added that it’s important to get tax advice early in the game when dealing with distress, as sometimes the strongest guy has the most to lose. Here, they're flanked by NRC governor Adam Marsh of Empire Capital Partners and prez Tom Graf of NorthMarq Capital. |
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| Photo: John Whinston |
| Have distressed assets caused NRC governor Brian Evans, of Flagship PDG, to boost cash flow by joining a mariachi band? Not quite. We’re glad to see that NRC members survived their first ever Mexican cocktail night, held last Thursday. It’s one of the hip new events NRC has added to its calendar, already including vodka night and cigar networking. Sorry, folks, we have no post-tequila shenanigans to report. (And not because we don’t remember.) (More photos) |
