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The After Effects of Real Property Acquisition and Development

The typical acquisition is a fairly short process, where normally the parties involved walk away after closing. But sometimes the effects of an acquisition stay longer and linger on the buyer. After a deal has been made, the buyer owns the property and has to live with its flaws, while the seller can have some exposure to liability for non-disclosure, environmental contamination, etc. Satisfying the parties’ reasonable expectations in these areas is a major part of the negotiation that purchase agreements include. During the past couple of years, the general outlook on real estate acquisitions has shifted from the traditional point of view. Due to that, more and more often, we see potential buyers seeking guidance from real estate experts. Adam Hochfelder currently serves as the Consultant of Real Estate Acquisitions & Development at Merchants Hospitality, but prior to that he was one of America’s most famous real estate executives. Now he uses his industry knowledge and experience to guide clients through the acquisition process of real property, in every phase of the cycle.

Property Acquisition often involves a review of surveys and title reports, as well as documents recorded against title. Title and survey issues can sometimes be extremely complicated, and thus require an incredible attention to details, in order to assess the real-world impact of apparent title flaws. Adam Hochfelder provides services where additional value can be created by acquiring, developing and repositioning facilities in various markets.

If property is to be developed in conjunction with other parcels, then a Reciprocal Easement Agreement is usually required. This introduces the necessary access, parking, utility and other easements, and often can establish maintenance and payment obligations. Reviewing these agreements requires careful thinking and consultation with an attorney, to minimize the potential for. Once you see a property owner put a fence in the middle of a mall parking lot, you will realize that the concern is beyond simply theoretical.

Being a part of the real estate industry for such a long time, Adam Hochfelder has purchased land and developed many projects on his own and understands what it is like to work in the development trenches.


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Adam Hochfelder

Adam Hochfelder was born 1971, and was brought up on Long Island, in Old Westbury, New York. He attended the University of Pennsylvania's Wharton School of Business, from which he graduated in 1993.

Mr. Hochfelder began his professional career while still in university, after his sophomore year, when he took on an internship position at Newmark and Co, a major real-estate services company.

In 1996, Mr. Hochfelder co- founded Max Capital Management Corp, and began building his commercial real-estate portfolio, that reached up to seven million square feet, measuring up to holdings of some of the most prominent real-estate magnates. In 1998, Adam Hochfelder was one of the youngest people ever selected to serve on the Real Estate Board of New York.

Thanks to Adam Hochfelder’s exceptional business management skills, his real estate investment firm in NYC reached over $3 billion in assets under management. Under Mr. Hochfelder’s stewardship the firm added some major acquisitions inc…

Building a Career in Real Estate Development

Real estate development is often described as the engine that propels growth in the real estate industry. Real estate developers purchase real estate, make improvements to the existing structures or build new ones and sell the property at a profit. That is why all successful real estate developer must be able to recognize opportunities for making money as well as predicting trends. Adam Hochfelder is one of New York’s most admired real estate executives whose reputation is built on the hallmarks his clients and partners have come to rely on. Here Mr. Hochfelder breaks the key steps for starting a career in real estate development.


Real Estate Taxes in New York

In last three years in New York State, almost three billion dollars were collected from real estate taxes. So that, in 2015, were collected 828.6 million dollars, which means 13 per cent less than in 2014, when from real estate taxes 950.7 million dollars were collected.

Also, that is 27 per cent less than in 2013, when 1.13 billion dollars were collected. These data were the basic reason for Adam Hochfelder to reduce the taxes on real estates. Helen Keit - a licensed real estate broker, says that reducing the taxes for 2 per cent will considerably increase the turnover.

Mr. Hochfelder explains that it is the total amount of money collected on taxes, including sale and purchase, inheritance, maintenance and all other types of real estate turnover. Known as the "Wharton Whiz Kid" for his fast rise to fame, Adam Hochfelder has the ability to leverage exclusive deals, fearlessness towards risk and endless ambition. All this helped him generate multimillion dollar deals as well…