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Family Office Focus: 1031 Basics, NACA, Due Diligence

Episode 487: 10-11-18

Today’s episode of Fried On Business incorporates interviews with a number of family office real estate experts. Thank you to DJ Van Keuren and the Family Office Real Estate Magazine for helping to arrange these guests.

1031 Basics and More

Pamela A. Michaels, Esq., is Senior Vice President of Asset Preservation, Inc. NY, NY. Pamela specializes in guiding attorneys, CPAs, investors, financial advisors and other real estate professionals through the regulations and requirements of IRC §1031. Prior to joining Asset Preservation, Inc., Pamela served as an executive and general counsel to diverse financial organizations and real estate companies.

Asset Preservation, a subsidiary of Stewart Title Company, is a leading national IRC §1031 “Qualified Intermediary” and is efficiently handling exchanges in every state. Combining a national title company as a partner has proven to be the approach of choice by astute investors. Asset Preservation is one of the most respected national “Qualified Intermediaries” in the United States and has successfully completed over 150,000 §1031 exchanges.

Jim and Pamela discuss the basics of the 1031 exchange – and much more.

All About NACA

Bruce Marks is CEO of Neighborhood Assistance Corporation of America, a non-profit, community advocacy and homeownership organization. NACA’s primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership.

Jim and Bruce discuss NACA’s mission and recent activities.

Due Diligence for Your Real Estate Security

Bryan S. Mick is President of Mick Law P.C., Omaha, Nebraska, a provider of independent due diligence legal services for various broker-dealers and registered investment advisors throughout the country. His private practice involves not only broker-dealer representation but real estate acquisition, development, and finance. He was general counsel and investment banking Sr. VP for a broker-dealer in Omaha that syndicated real estate equity offerings in hospitality, senior living, office and retail development and acquisition.

Bryan’s due diligence representation involves a concentration in real estate equity fund, development project, distressed debt and REIT reviews. He also reviews and finalizes the work product of other firm lawyers, and real estate underwriting consultants. He is proud to provide his clients individualized legal opinions with an additional focus on project and fund structure, financing, valuation and exit analysis. Bryan also represents several life insurance companies, banks, apartment and subdivision developers, conduit loan servicers and real estate loan opportunity funds.

Jim and Bryan discus how to make sure you are covering all the bases in your real estate due diligence process.

Episode 487: 10-11-18

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