NAIOP Upstate New York E-News: November 2019 Print

Calendar of Events

December 11: Jingle and Mingle.

The Board invites you to enjoy a craft beer and appetizer while wishing one another a happy holiday season. Collections of paper towels, toilet paper, Lysol wipes, K-cups and granola bars being collected for Kevin Guest House. Register here.

January 23: Annual Awards Dinner

Interested in serving on the Program Committe, or have a great idea for any event? Contact Amy Nagy at [email protected]

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Sponsor News

PRESENTS: Four things To Know Before Investing in a Qualified Opportunity Fund:

  1. Qualified Investment:  Only capital gains from an unrelated party that are contributed to a qualified opportunity fund within 180 days are eligible for the opportunity zone tax incentives. 
  2. Experience Matters:  The rules for qualified opportunity zone investments are complex, with additional guidance likely coming soon. Incorrect advice applied at the qualified opportunity fund level could result in significant penalties, and could potentially quash the opportunity zone incentives for all of the investors.
  3. Plan For Eventually Paying Tax:  Will the qualified opportunity fund give you a distribution in 2026, or at any other time during your holding period? It is critical to understand the tax implications of receiving any distribution before it occurs.
  4. Consider Exit Strategy:  The exclusion of appreciation on your capital gain invested after a minimum of 10 years is a huge tax benefit, but only if the exit is properly structured and executed. A slip-up here can cost you and the other investors countless amounts of tax-free dollars.

Want to know more? Join The Bonadio Group, along with CBRE Buffalo, Gross Shuman and Vanner Insurance on December 5 from 7:30 am - 11:15 am at Salvatore's Italian Gardens. Event and Registration information is available here.

This content has been provided by The Bonadio Group. For information on providing sponsored content, please see our page for SPONSOR INFORMATION

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President's Report

The NAIOP Annual Dinner and Awards is not to be missed! Each year the Upstate development community comes together to celebrate the succesful projects of 2019, and enjoy talking with peers about what's in store for 2020.

This year's event will again be at Salvatore's Italian Gardens. Prior to the event, we invite those with 2019 projects to submit them as soon as possible through our convenient online submission portal found here. Projects do not have to be complete by NAIOP members (though membership is always encouraged), so we invite you to share this information amongst your network so no project is overlooked.

Event ticket sales and sponsor opportunities are also now available. See here for details.

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Welcome New Members

We welcome Julia Spitz, with Savarino Companies, as a new member to the NAIOP Upstate NY Chapter.  If you see Julia, please welcome her!

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NAIOP Corporate Connection

Enjoy this video for a great view from NAIOP Corporate on the benefits of membership. Chapter members are encouraged to take advantage of the many benefits of national affiliation. Take a look at this video for a great view of NAIOP events.

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