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Recent Cherrytree Blog Posts
The new Inflation Reduction Act: significant incentives for investments in renewable energy.
The major legislation passed by Congress this month is nothing short of transformational. The Inflation Reduction Act (which I’ll nickname as the "Climate Tax Bill”), if passed by the House, would expand the use of Federal tax credits to advance climate stabilization goals and attempt to curb global warming. [...]
Cherrytree celebrates Melina!
After 10 years in business, the Cherrytree Group has been fortunate to have been able to grow to a level of strength and stability: recently surpassing $100 million in tax credits placed on behalf its clients. It’s a total team effort — but a key member of our team [...]
Investment Tax Credits vs. 1031 Exchanges: which strategy is best for you?
Tax planning options are varied and complex — almost as if they were designed with some sort of mischievous intent. The Internal Revenue Code is a labyrinth of hard-to-decipher regulations intended to minimize tax sheltering and avoidance. Books could be written about the complexities — if it weren’t that [...]
Cherrytree Group’s Annual Roundup: 2020
This was a year that challenged us in ways we never could have imagined. At Cherrytree we’re hardly alone in that assessment, yet all of us feel fortunate to have remained healthy and productive throughout a year that will be fondly remembered by…almost no one. Here’s how 2020 played [...]
Investing in Tax Credits saves money — and is a prudent COVID hedge.
As we all work quickly through our business day, there’s a tendency to use shorthand to describe various financial instruments, initiatives and strategies. We all do it. But sometimes the meanings can become lost. In recent interactions with our clients, I have noticed some confusion between the phrases: “tax [...]
New to tax credits? Here’s a primer.
At the Cherrytree Group, we understand tax credits are a bit of a “dense” topic. And we also understand that many real estate developers and investors don't always know where to begin to find out if they might be a candidate to take advantage of the various Federal and [...]
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In The News
Youth Is Being Served
Brownfield Coalition of the Northeast, Aug 10, 2021 By Steve Dwyer Three BCONE members are making their mark -- and in a hurry. They’ve progressed from membership to committee chairs and/or board members in short order, and are now tasked with recruiting, and appealing to, younger industry professionals within a [...]
Old School Building Restored to Former Glory
The Addison Times, May 29, 2021 “It’s like day and night,” construction manager Bill Rasner said while surveying renovations at Old Shelby High apartments earlier this year. The project, an initiative of complex owner Purple Vetch Properties, LLC, was the first significant infrastructure upgrade since at least the early 1990s, [...]
Ambrosino’s A Quick Study
Brownfield Coalition of the Northeast, April 15, 2021 By Steve Dwyer How does a young brownfield industry practitioner climb so far up to the mountaintop -- and do it so quickly? At 33 years old, Melina Ambrosino, Executive Vice President of Newton, Mass.-based Cherrytree Group LLC, will let you in [...]
Cherrytree Group Passes $100 Million Mark in Tax Credit Placements
Business Wire, March 11, 2021 BOSTON-The Cherrytree Group — a tax credit consulting and syndication firm based near Boston — announced a significant milestone by surpassing the $100 million mark in tax credits obtained and placed on behalf of real estate developers and investors nationally. Since its founding in [...]
Newton firm raising $145M fund for Opportunity Zone projects
Boston Business Journal, Oct 10, 2019 By Greg Ryan, Law & Marketing Reporter Newton-based Cherrytree Group LLC is seeking to raise up to $145 million for investments in real estate projects located in so-called Opportunity Zones, including three in Massachusetts. The Opportunity Zones program is part of the federal [...]
Cherrytree Group’s restoration of its historic Newton offices wins People’s Choice Award from Preservation Massachusetts.
Yahoo Finance, May 15, 2019 BOSTON – Cherrytree Group, LLC, a tax credit advisory firm, is proud to be distinguished as a 2019 People’s Preservation Choice Award winner for restoration work done on The Miller Block in Newton’s Village of Auburndale. The winners were announced at the annual Preservation [...]