Business Posts

Merger Creates Leading Property Management Company

The recent merger between US residential group LLC and Resource Residential has come as a game changer in the property management industry. Resource Residential is a former business unit of Resource America Inc., a subsidiary of C-III Capital Partners under CEO Andrew Farkas. US residential is a renowned fee-based management company that operates throughout the country mainly working for multi-housing affordable communities.

The merger between these two companies brings new energy and resources in the property management sector. They now operate in 30 states and manage over 200 properties in those states as well as 4300 units. Besides, it employs over 1,000 property associates making it appear in the list of the top 35 property management companies in The US. Although the two companies have already merged, their brands will continue to operate independently until all transition processes are complete.

Considering the vast experience in each executive management team, it is likely that the company will give other players in the property industry a run for their money. The management team is currently led by Stephanie Rock, US residential president. All top managers have vast management experience in the property industry some with over 30 years’ experience in the field. The diversity of skills brought about by the merger means that the company will be able to provide high-quality services for their clients as well as breach management gaps that existed before.

What the Merger Means

Before the merger, each company used to manage properties in different parts of the country. US Residential Group LLC specialized in the fee-based management of conventional and affordable housing. Therefore the coming together brings about experts and professionals of apartments in various parts of the country. The top executive is full of seasoned management consultants who have vast experience in multifamily classes and property types. It is a promising team that will bring shock-waves to other property players.

There are several advantages when two or more companies decide to together. The greatest advantage among all is often the experience and expertise being combined. The move will not only be of benefit to the company but also to the clients.

In general, the merger between US Residential Group LLC and resource Residential was a strategic move aimed at improving service delivery as well as quality. For over 20 years the major aim of US residential has been to provide satisfactory services to its multifamily clientele something that the merger is likely to fulfill within a short period of time.

Investing in Real Estate for Retirement

The earlier you begin saving for retirement, the better off you will be during your golden years. Don’t kick the can down the road, start investing now, as the more years you have until retirement, the more years you have for your money to grow.

A great vehicle for growing retirement savings is in real estate investments. According to Than Merrill – CEO of Fortunebuilders Inc., a real estate education company, “Nothing prepares someone for retirement more so than real estate. I maintain that real estate trumps other retirement savings vehicles, and it’s not even close in my opinion. While a Roth I.R.A. and a 401(k) have their place in any portfolio, they don’t come complete with the added benefits real estate exhibits.”

In many ways, real estate investments offer many advantages over traditional stock market investments. 401(k)s and IRA are still a valuable vehicle for saving and investing for retirement, but adding real estate to your portfolio will provide a way to both diversify your investments, and take advantage of the many advantages real estate has over equities.

Inflation Hedge

While there are no guarantees when it comes to investing, real estate prices and rental rates have been historically shown to go up over time. In addition, because the mortgage you take out on a property is fixed, as the years progress your mortgage payments will be a smaller and smaller percentage of the rental income you generate from the investment property.

Tax Advantages

Real estate offers many tax incentives over other types of investments. For one thing, you are able to depreciate the value of the property you purchase. You can depreciate the value of a rental property over 27.5 years, meaning if you buy an investment property for $500,000, you can write off $18,181 every year off your taxes! This will help shelter some of your rental income from taxes, giving you higher returns on your investment.

An Asset You Control

Traditional stock market investment portfolios are passive investments, meaning you are dependent on the conditions of the market. With real estate investments, you have more control over the type of property you purchase. In addition, you can control the rent prices, property costs, change tenants, and make many other active decisions to protect and grow your investment.

Leverage: Other People Money to Make You More Money

One of the best aspects of real estate investing is leverage. Because you are borrowing 80% (or more) of the purchase price of the property, if the property grows just 3% a year in value, in 10 years you will have nearly tripled your money!

Remember the best time to start investing for your retirement is today. If you want to take advantage of the benefits of leveraged investment you control, with tax incentives and a proven hedge inflation, consider investing in real estate for your retirement.






Westfield has Designed the Mall of the Future

Westfield is working to create the mall of the future.

The malls are looking to bridge the gap between digital and brick-and-mortar retail locations. Whereas once digital shopping might have been seen as a threat to mall shopping, Westfield hopes that instead it will become an enhancement.

One way its incorporating the digital world into the physical one is through the use of beacons. Placed around the mall, the beacons allow a customer’s phone to determine where in the mall the person is, even down to the storefront their standing in front of. That has huge advantages for navigation, but also offers retailer the opportunity to market directly to a customer that’s already in front of their store.

Peter Lowy, co-CEO and partner at Westfield Labs stated in a recent speech at UCLA that is very important for mobile and other technologies to draw consumers to physical locations and to streamline their experience with retailers both in person and remotely.
For instance, a customer standing outside a show store might get a push notification on his phone offering a discount on athletic shoes.

The beacons also allow a shopping mall to be searchable, just like Amazon. If you’re looking for a belt, for instance, you can search for belts within the mall’s app and see all of the stores in the building where you could potentially pick one up. When you select a place, sometimes the app can help you navigate not only to the store, but to the belt rack inside it.

In London, Westfield is taking that idea step further. When customers arrive at the mall, their license plate is scanned and they’re directed to the nearest parking space to the store they’re trying to go to. Suggestions are made on where that person might want to shop based on their recent browsing history, and the whole experience is customized for each individual, so shoppers are able to get a personal shopper experience while simply using their phone.

Some Westfield locations also offer online shopping within their walls, literally. The malls have virtual stores that are built into the wall of the building, serving essentially as a computer screen where orders can be placed and paid for. The novelty of accomplishing that task within the wall of a mall is a huge draw, and products can potentially be things that are exclusive to the mall, or not traditionally available in an online environment. The best part of that types of shopping? You can have your items delivered to your home, so you don’t have to tote heavy bags all the way home.

The mall of the future is coming. Are you ready?


On the Search for CEO’s and Corporate Directors

A company searching for a CEO or a Corporate Director is on the hunt for just the right person who can take the reins and lead the company onto future success. Finding just the right person for these roles is not an easy task. However, if the company has Dennis Carey leading that search, the company is bound to land the right person for the right position.

Recruiting for executive positions takes someone who has been in the business with a good reputation and is able to network to find the right candidates. Mr. Carey has over 25 years of experience working with over 75 Fortune 500 companies recruiting for CEOs and Board of Directors. Currently, Mr. Carey is the Vice Chairman and Co-Leader of the Board Services Practice for Korn/Ferry International. Dennis has successfully worked on board reconstructions for 3M, Tyco International, MCI and American Standard, among others. Some of his Board of Director placements have been with American Express, CBS, Tyco Electronics and Goldman Sachs to name a few.

Prior to joining Korn/Ferry, Mr. Carey worked with Kay Management Consultants; Secretary of Labor and Industry to Governor Pierre S. Dupont IV; and served as Vice President of the University of Delaware. His work in the recruitment field has led him to publish four books and over 50 articles. His most recent book, “Boards that Lead“, was published in 2014 by HBR Publishers and was cited as book of the year by Directors & Boards Magazine. His articles have been featured in many journals including Harvard Business Review, McKinsey Quarterly, The Wall Street Journal, and Financial Times.

Mr. Carey’s educational background includes a PhD in finance from the University of Maryland and was a fellow both at Harvard’s JFK School and the Princeton Theological Seminary.

In addition to his professional successes, in 1980, Mr. Carey swam the English Channel and was ranked by the World Swimming Federation as one of the top swimmers in the world. He currently sits on the Board of the Swimming Hall of Fame.

When asked what piece of advice he would give to someone in the business field Mr. Carey stated, “Quickly understand the importance of competitive differentiation; know what you don’t know and build a great team; realize that the acquisition, motivation, training, and retention of talent on a global scale will separate the winners from the losers.”

Executive Recruiting is an important industry and Dennis Carey is one of the leading names in the executive recruiting field. He hopes to continue serving in this field for years to come.

Should CEO candidates have to pass a physical?

There has been quite a bit of discussion in regards of CEO’s and their overall health, especially due to the fact that there have been a host of people who have been named CEO’s of various companies, who have fallen ill, or have had big time health problems right out of the gate. One major CEO ended up having to have a heart transplant after just a month into his position, which has raised a lot of eyebrows and has led to the discussion of whether or not certain CEO’s should have to undergo a process of proving that they are healthy and qualified to take the position that they are being offered.
A physical exam is something that may be required in the future, but this is something that really has not been of much concern in the past. Most boards that are looking to hire a CEO will go ahead and hire the candidate that they are most interested in, regardless of whether or not they have passed a physical exam or not. However, there is no question that if a CEO ends up getting sick or can’t work for any reason, the company can literally be compromised for a while. This could end up having a detrimental effect on the company, which could in turn affect the lives of each and every person that is working at the company. CEO recruiters like Dennis Carey ( of Korn/Ferry have weighed in on the subject, bringing up the fact that companies sometimes invest heavily into finding a CEO.


The interesting thing about this situation and this type of discussion is the fact that most CEO’s are older, as they have had to build the skills that are necessary to hold this type of position, likely over the course of the majority of a career. This means that this type of discussion may be necessary for companies across a broad spectrum, so there is a lot of validity when it comes to questioning whether or not there should be a process of evaluating potential CEO’s health and also making them go through a physical exam before they are hired. It does not look like this is something that is going to take off in the short term, but only time will tell if CEO’s will be required to pass a physical exam in the future. Chances are, if there are CEO’s that start to drop like flies, this might become more important, but for right now, a physical exam is not something that looks to be required for the hire of most CEO’s.

West Virginia’s Leading Industries

West Virginia is an attractive location for a number of different industries. In fact, the state has successful businesses in many sectors. Four of West Virginia’s primary industries include energy, chemical manufacturing, automotive, and aerospace. The state’s location in the middle of the north east region provides great access for truck and train traffic for incoming supplies and outgoing products. There are also hundreds of miles of navigable water ways including access to the great lakes for shipping products. This state also has an extremely low employee turnover, which is one of the many drivers for companies to do business in West Virginia.

Energy is another huge business sector for West Virginia and is made up of both old and new companies. The number two provider of coal in the United States and a huge natural gas producer this state is also developing a wind energy sector very quickly. Home to Beach Ridge Energy, LLC wind farm and three wind farms in additions to more permits for wind farms being filed this is a huge sector of business for this state. The Appalachian Power Company is also produces and provides electricity here. In Charleston, independent oil producer, Cunningham Energy has successfully been exploring and extracting oil.

The automotive industry is another large business sector in West Virginia. There are at least nine fairly large to large companies in West Virginia involved in the automotive industry. Gestamp, Toyota Motor, NGK spark Plugs and Diamond Electric are just a few.

The fastest growing large business sector of West Virginia has to be the aerospace industry. These type companies are attracted by the availability of natural resources and experienced workers in the area. There are several aerospace companies in the state and more expected to locate here. Lockheed Martin has a facility here, as well as, Alliant Technologies, Aurora Flight Services, and Bombardier Aerospace to name a few companies here in the aerospace industry.

In the chemical manufacturing industry, West Virginia has over 140 different companies, according to the West Virginia Department of Commerce. One of the reasons for a thriving chemical industry is an abundance of natural resources available in West Virginia. Some of the successful companies that do business here are DuPont Belle, Stockmeier Urethanes USA, and Bayer Material Science. These three companies alone provide almost 600 jobs to the state. This is an industry which provides nearly one fourth of the states multi-billion dollars exports to international consumers

West Virginia is a great state for businesses to locate due to its abundance of natural resource and employee traits. There is also a favorable tax situation for many businesses. The economy of this great state will keep growing well into the future.

How Do You Recruit Better People for Your Business?

Recruiting better people for a business is easier when there is a staffing company involved. These companies know how to find the right people for each job, and the people that are up for these jobs are going to be vetted long before they are even close to getting hired. This is a great way to save time, and this is a great way to make it easy for the company to fill open spots. People leave and retire all the time, and there is only one way to make sure that all the people that are hired are right for the company.

The people that are hired for the company need to be perfect for the company, and the people that are recruited are going to go through a long vetting process so that there is no problem with them during the final interviews. All these people are going to be ready for these interviews, and all these people are going to be deemed perfect for the company long before they start their new job. There are so many things to consider, and each person is put through a long interview process before they meet with the heads of the company.

The people that are recruited are given a clear picture of what they would be doing, and all these people will be able to figure out if that is a job that they want anyways. The people that want these jobs are going to move forward, and anyone who wants to bow out will be able to. This is a very simple way of making sure that all the people at the company are supposed to be there, and it prevents people from choosing to go to companies where they do not belong.

The recruiting company is going to help with all aspects of the executive team, and the people that are going to be recruited can be found for different positions. Executive staffing professionals like Dennis Carey of Korn/Ferry International have years of experience in exactly this. This makes it much easier for the company to hire the right people, and the company will be able to enjoy better recruits. The company does not have to do any of the work, and the company will be able to work as normal until there are all the right people in the office. There are several people who belong in the office, and the company has to fill the office so that there are no gaps in production.

Community-Based Programs Need Your Funding

Programs that are based in communities are designed to serve members who otherwise cannot help themselves. Community based programs are designed to help community member who might otherwise fall short of many needs. The most common are social work, but fall into many other categories including employment services, medical needs and even violence control. When communities put services in place to help others, the community becomes a stronger, better place to live. This is done by allowing and directing those in need access to the services to help them through some of life’s events.

One program is dedicated to fight poverty in their community of Cortland County in New York. It is the mission of CAPCO programs to reduce poverty in their community by helping clients find the right resources for their unique situation.

Community Based Program Advantages

In communities where programs are in place to help in crisis, people feel more secure and committed to the place they call home. They find comfort in knowing that there is a whole community there when they need them most. This often leads to a sense of pride, unity and security for the entire community.

The Challenges of Community Based Programs

The biggest challenge for community based programs is of course, funds and resources. Many programs require a place to operate and staff to oversee the operations. Often space and staff are donations and volunteer. Depending on the purpose of the program, getting and retaining clients is also a big challenge. A lot of thought and research must happen before starting a community based programs.

CAPCO Meets Needs

CAPCO is designed to meet the needs of every resident by connecting them with the right resources for their unique situation. CAPCO keeps the entire community connected. As community demographics, services and needs change they are the program who keeps everyone connected to eliminate poverty.

Most funding for services like CAPCO programs is from the public and government grants. Services like this help communities grow and thrive in unit. They lead the community to be self-reliant and independent by strengthening and connecting at risk families with the right resources. There are many reasons families need help, getting them to the right community resources improves conditions for the entire. Community based programs deserve funding. They keep the community going.