On May 5, 2010, more than 265 IREM® Members – joined by members of the CCIM Institute – recently visited Capitol Hill to raise awareness of key issues affecting the commercial real estate industry. IREM® Members representing 38 states and the District of Columbia held more than 230 meetings with their respective senators, representatives and their staffs to voice the industry’s concerns about:
- Tax treatment priorities – including capital gains, carried interest, and leasehold improvements
- Commercial mortgage market liquidity priorities – including credit union lending, term extensions, accelerated depreciation, and mortgage insurance.
First District, Virginia Representative Robert J. Wittman, took time out of his busy schedule to discuss these important issues with Executive Council members of Central VA IREM Chapter 38 including 2010 President-Elect Bernardine Cde Baca of SugarOak Management Services, LLC.
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