By Stephen Kleege 3/05 2:00pm

Accounting 2013

REIT

REIT So Sweet: Investors Reconsider Real Estate Investment Trusts

Tax-advantaged Real Estate Investment Trusts are likely to gain favor among investors, boosted by increasing tax rates, recovering real estate prices and faster-than-anticipated growth, according to Paul Becht, audit partner at Holtz Rubenstein Reminick LLP.

The U.S. already raised the tax rate on qualified dividends to 20 percent, from 15 percent, making REITs more attractive relative to other equity investments. And there’s a possibility of more tax rate adjustments as the government continues to cast around for ways to balance the budget. Read More

By Al Barbarino 1/28 12:31pm

Sales Beat

(Credit: onacrew.com)

Boston-Based TA Associates Soars With $57.2 M. Pickup of Rare JFK Portfolio

TA Associates Realty has purchased a 12-building, 481,000-square-foot portfolio adjacent to JFK International Airport’s runway system in Queens, N.Y., known as the JFK Air Cargo Portfolio, for $57.2 million, The Commercial Observer has learned.  The portfolio includes eight land parcels.

“Opportunities to acquire portfolios in the JFK market occur every other decade,” said Gary Gabriel of Cushman & Wakefield in a statement. Read More