Last Wednesday, the Trump administration and Republican leadership from the U.S. House and Senate released the outline of the long-anticipated tax reform plan, “Unified Framework for Fixing Our Broken Tax Code.” The nine-page framework outlines some specific changes to the tax code, including lowering the tax rate for pass-through businesses to 25 percent; reducing the corporate tax rate to 20 percent; and allowing full expensing of new investments in depreciable assets other than structures for up to five years.
While these reforms could have the potential to positively impact the commercial real estate industry, many specifics remain unaddressed. For instance, there is no mention of 1031 “like-kind” exchanges, carried interest, depreciation of structures, how interest expense will be limited or how tax cuts will be funded. This framework is the latest in a series of discussion documents outlining how President Trump and congressional leadership view comprehensive tax reform. BOMA International advocacy staff will continue to work with members of Congress to help craft legislation that encourages the growth and health of the commercial real estate industry. For more information on BOMA’s policy position on tax reform, visit the BOMA International website.
You are invited to participate with our Corporate Sponsor Renovia, as they partner with the Million Meal Movement. Please see the attached flyer for an opportunity to volunteer at the Million Meal Movement Event at Lucas Oil Stadium on Tuesday, October 10, 2017. We have 100 spots to fill, so we would love for you to attend with anyone you would like to invite!
Million Meal Movement Sign Up Flyer.pdf
Here is the link for the sign up genius: http://www.signupgenius.com/go/5080b4baba829a7f58-million
Our BOMA students are finishing up their last day of class. We offer 3-day accelerated courses so students can earn their Real Property Administrator (RPA) designation faster! Visit our Education Page to see more courses. We will be setting our 2018 schedule soon!
Join in October of 2017 and enjoy full BOMA benefits right away! Your membership will then last until January of 2019. Ask us how.
BOMA International has released the latest report on Working Together for Sustainability. Take a look at The RMI-BOMA Guide for Landlords and Tenants
Tech Startup Tenant Tracker has closed on a $600,000 seed round of funding. The company is the creator of a cloud-based tenant coordination and build-out software for commercial real estate companies. Users can track deals, manage construction status, see detailed property reports, access tenant data, and share status reports all while eliminating duplicate data entry. BOMA Indy Member, Keith Kleinmaier, who serves as Tenant Tracker’s CEO says the funding will be used to dial up the company’s sales efforts and take its product to the market. VisionTech Angels, an active Indiana angel investing group invested the needed money which was matched by Elevate Ventures. Brett Desmond, Director of Marketing for Tenant Tracker is a current BOMA Emerging Leader. Congratulations! Have a story to tell? Send your wins to firstname.lastname@example.org.
PPI is offering two free months of rent to BOMA members with a 3-year signed contract. The building is located on the north side across from St. Vincent Hospital. Contact Jessica Woehler for more information at (317) 202-0800. The flyer will be posted on our site.
Brad Segal of Progressive Urban Management Associates also known as P.U.M.A presented two sessions on Thursday, March 23rd to many downtown Indianapolis building owners and the property managers. In partnership with Downtown Indy, Mr. Segal presented a case for continued investment in the Mile Square. The EID or Economic Improvement District will provide "enhanced improvements and activities, such as public safety, maintenance and image enhancement." The proposed annual assessment for properties within the service for commercial property is 0.125 per $100 of assessed property value. Residential parcels would see a $100 annual fee per unit. You can find more information here.
Check out the latest news on other federations from around the mid-west.
BOMA Indianapolis is offering spring Design I classes on March 6-8. These accelerated classes are required for the RPA & FMA designations. This class will be taught by Michael Lauhoff of Detroit. Michael has been teaching for BOMI since 2006 and teaches most of the courses BOMI offers. He's one of BOMI's top instructors. He's a past Board member of BOMA Metro Detroit and a past Co-Chair of the Education Committee for BOMA Metro Detroit. Michael holds a Master Degree in Organizational Leadership and has spoken in Brazil and has taught in Germany for BOMI. He has over 28 years in Facility and Property Management and currently operates his own Facility Management business since 2010. Michael has managed properties in the Commercial, Healthcare, Manufacturing and Bottling Industry and currently provides services to Coca-Cola.
101 West Ohio Street
Indianapolis, IN 46204