By Warren A. Kirshenbaum The idea of taking on a brownfield site for redevelopment can be intimidating, especially for developers who don’t have experience remediating contaminated land. However, the term “brownfield” when describing a property does not need to conjure up the daunting image of a Superfund level cleanup.... View This White Paper [...]
By Warren A. Kirshenbaum Terms such as “Opportunity Zones” and “Brownfields” do not easily roll off the tongue, but they are our “terms of art” for programs with enormous potential: allowing real estate development and investment professionals to turn challenging building projects into very successful accomplishments... View This White Paper
Brand identity is a big part of effectively doing business today. More than ever, customers are interested in what your brand says, what your values are, how you communicate your product and how you want people to feel when they interact with it. When it came time for the Cherrytree Group to find a larger [...]
Gardner, MA A classic Greek Revival building was converted into studio apartments providing supportive housing for individuals who have completed rehabilitation treatment programs. The team at Cherrytree formed the equity partnership which funded the project and successfully secured tax credits for investors. Read the case study
Affordable Housing Shelbyville, Indiana Historic and Low-Income tax credits totaling $2.4 million were syndicated by Cherrytree. Hampton Financial Partners — a Cherrytree affiliate — also provided $900,000 in pre-development funding, allowing the project to advance prior to the availability of tax credit equity and construction financing. The project involves the renovation of a [...]
Dover, NH Cherrytree teamed with a respected local developer to create a fund which invested in three new utility-scale solar power facilities — including the largest solar array in New Hampshire. The fund allowed individual investors to obtain Federal tax credits which they may use to their own tax planning advantage. Read [...]
As a result of the Covid-19 pandemic the IRS extended the deadline to file tax returns and make tax payments from April 15, 2020 to July 15, 2020. IRS added to those earlier Notices by issuing Notice 2020-23, which allows for certain taxpayers to have more time to invest "eligible gain" into a Qualified [...]
There are a number of provisions in the new Coronavirus Stimulus package that affect the methods for depreciation of real estate assets for tax purposes — and these changes are likely to be significant for our industry.
These are scary and uncertain circumstances that we are living through. The speed with which the Coronavirus took over our lives is truly transcendent and unparalleled, causing us to face overwhelming challenges. However, on a day when there was snow on the ground in March and Tom Brady announced that he is leaving the Patriots, you wonder how we could extract some positives from our current lives.
First and foremost, our hearts go out to everyone who has been affected by the coronavirus (COVID-19) pandemic. It is important to us that we maintain a healthy environment for our employees, clients, colleagues, family and loved ones. We need to work as a team to do our part to "flatten the curve" thus leading us to [...]