Month: September 2016

AHRC New York City Foundation Guardianship Program

AHRC New York City Foundation Image: linkedin.com
AHRC New York City Foundation
Image: linkedin.com

 

A successful leader in the real estate industry, Alex Getelman manages employees and operations at Milestone Building Ventures in New York City. Outside of work, Alex Getelman is active in several charitable and community organizations, including the AHRC New York City Foundation (formerly known as the Association for the Help of Retarded Children), where he serves on the board.

A fundraising and grant-making organization, the AHRC NYC Foundation supports programs that focus on adults and children who have developmental and intellectual disabilities. One of the organization’s funds is the Endowment for Guardianship. This fund supports the Guardianship Program by providing a reliable source of income. The program was started in 1970 and seeks to provide protection and care for individuals who do not have guardians or relatives to look out for them.

The Guardianship Program ensures that individuals find an appropriate residential setting, medical care, and job that helps them and improves their quality of life. This is done through regular visits and outings, along with birthday and holiday celebrations. Further, the program helps wards make end-of-life decisions and arrangements.

Donations made to the AHRC NYC Foundation Endowment for Guardianship directly support the program and can be made in any amount. The organization accepts donations in the form of cash, securities, and bequests. Visit ahrcnycfoundation.org/donate/endowment-for-guardianship.

Benefits of Investing in Commercial Real Estate

 

Milestone Building Ventures pic
Milestone Building Ventures
Image: buildingmilestones.com

Alex Getelman is the founder of Milestone Building Ventures, a project management and consulting firm based in New York City. Possessing several years of field experience, Alex Getelman is knowledgeable about such topics as real estate investing and commercial real estate.

Commercial real estate includes everything from retail and office buildings to industrial buildings and apartments. This variety makes commercial properties very attractive to investors. Below are a few benefits of investing in commercial real estate:

1. Higher returns. Commercial real estate is known for having attractive returns. Most commercial properties generate annual returns between 6 and 12 percent of the purchase price. This rate is significantly higher than returns on single-family homes. Further, commercial properties may see fair returns even as the markets fluctuate.

2. Shared goals. Both owners and tenants share a common interest in keeping a commercial building well maintained. This is particularly true of tenants maintaining storefronts. A bad storefront pushes away customers, so tenants are more likely to take care of the buildings they are renting. In doing so, they help increase the value of the property for property investors.

3. Simplified valuation. Potential investors can request an income statement from a commercial property owner to get a good idea of how much the property is worth. This simplifies the valuation process by largely removing the emotional pricing that frequently affects residential properties.