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Jared Ross was quoted in an article, "Ultra-Rich Scout Direct Real Estate Investments," published by Banker & Tradesman. The article discusses the trend of family offices as a growing source of capital for real estate investment in Greater Boston and other metro areas with strong real estate markets. Family offices can take various structures, either hiring in-house attorneys and accountants, using outside financial and other advisers, or a combination of the two. In the article, Ross discussed how family offices can offer savings from hedge funds' and private equities' management and performance fee structure depending on the amount of assets under management. The benefits escalate with the size of the family fortune, Ross told Banker & Tradesman. "It may cost a couple of million [dollars] annually to set up, depending upon the number of employees, to pay for the overhead," Ross said. "If you have $1 billion in liquid assets and you're paying a percentage, it's going to be a lot more than the overhead of a family office."
Justin M. Hannan authored the article, "IRS Issues Final Carried Interest Regulations," on the Boston Bar Association's Trusts and Estates Blog.
Day Pitney Generations Newsletter
Day Pitney Generations Newsletter
Day Pitney Generations Newsletter
Day Pitney Generations Newsletter
Senior Associate Justin M. Hannan and Partner Stephen Ziobrowski were quoted in the Law360 Tax Authority article, "Carried Interest Regs Leave Uncertainty On Family Managers."
Day Pitney Managing Partner Thomas D. Goldberg was featured in the Law360 Pulse article, "Day Pitney's Managing Partner Talks Growth Into RI, Beyond," regarding recent announcement of merger with Howland Evangelista Kohlenberg.
Day Pitney Press Release
Day Pitney Press Release
West Palm Beach partner Tasha Dickinson was featured in a profile in the Boca Raton Observer.
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