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With the passing of one partner, Rubenstein determined that since cap rates for sales are attractive, and warehouse and logistical center property is in demand, it was a good time to sell, says Mandelbaum Salsburg attorney Owen Hughes.
A recent IRS public hearing shined a light on some of the program's murkier areas and Withers LLP tax lawyer James R. Brockway tells GlobeSt.com where he thinks the law will be clarified.
This investment expands Admiral's presence in the region, which includes a significant investment as a co-founder of the Fitler Club, opening in Philadelphia in April 2019.