CohnReznick principal Nick Ratti, a specialist in tax credit financed real estate transactions, says that even if the state economy hits speed bumps this year, Boston will be somewhat insulated due to the diversity of its economic profile: meds/eds, high tech, professional and financial services. At the moment, subsidies for affordable housing development are still flowing and historic and New Market tax credits are helping to fill financing gaps in CRE projects.The strong residential rental market has led some developers to turn away from CRE development and toward multifamily, Nick tells us. Hear more from Nick at Bisnows 2013 Boston Economic and Real Estate Forecast this Thursday (Feb 21), Fairmont Copley Plaza.Register here!
Roses are red, violets are blue, send me some news and I'll tell it for you. susan@bisnow.com
