Yesterday at two great events, we saw how real estate pros are always picking up new tricks, some as timeless as tax exemption techniques and others much more new age. |
In Naperville, BOMA's Medical Office Special Interest Group breakfast attracted Waveland Property Group's Jeff Clousing, Colliers Bennett & Kahnweiler's Ted McKenna, and Jones Lang LaSalle's Sean Reynolds. Ted says he's seen a lot more combining of medical groups to save money on real estate, even though many say the recession isn't hitting healthcare as hard as other property types. |
Thompson Coburn Fagel Haber's Patrick Cullerton says now isn't the best time to apply for tax-exempt status for a charitable hospital or medical office building because the definition of "charitable" is still being determined—witness a recent Champaign County ruling giving a hospital an exemption despite just .7% of its operating expenses going toward charitable work. (Would it be charitable to call that charitable?) Patrick advises his clients wait to apply, since they can get a refund on any taxes paid later. |
Hammes Co.'s Joe Daniel, BOMA's Patricia Schwarze, Illinois Hospital Association's Lori Contreras, and CBK's Ted McKenna stayed a little after to pose for Bisnow. Joe manages a few Illinois medical properties and says business is slowed but not stopped. He's also excited because his stepson, who he taught to play drums, is in a band that just got a gig at US Cellular Field. (Maybe they'll play a charity gig for the medical office industry.) |
BOMA Medical Office; CoreNet Social Media
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Related Topics:
Hammes Co
, Jeff Clousing
, Jones Lang Lasalle
, Patricia Schwarze
, Sean Reynolds
, Ted McKenna
, US Cellular Field
, Waveland Property Group
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