Author Archives: mdcphilly

March Meeting: Changing the Internet

The March Chapter Meeting will be held on Wednesday, March 20, 2019, at the Doubletree Guest Suites, Plymouth Meeting, PA. The Board of Directors will meet at 5:30 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be John E. Deneen, who is the Co-Founder and CEO of Cloud Level, LLC and the Principal of Domain Name Marketplace. Mr. Deneen will talk about his successes and setbacks “Changing the Internet.”

John Deneen John is a peripatetic scholar turned serial entrepreneur. He crowned his academic career with a J.D. in Usability Law from Villanova Law and dove into business ventures that leverage the power of the Internet. His latest, Cloud Level LLC, specializes in Mobile Application Development, Cloud Applications, Microsoft Technology Solutions, Web Technology, and Services. A self-aware and eloquent adventurer, John’s “Changing the Internet” story is sure to be both entertaining and informative

As seating for this talk is limited, please register early for this educational evening which qualifies for 2 hours credit toward ASA reaccreditation. Please RSVP by mail (address below) or by email by Friday, March 15.

Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Only Page. Otherwise please make checks payable to ASA Philadelphia Chapter 35 and send to Administrative Assistant Anita Luciani by mail to ASA Philadelphia, 1229 Chestnut St PMB 232, Philadelphia, PA 19107-4140.

March Meeting: To Be Announced

May Meeting: The Business of Professional Soccer

The May Chapter Meeting will be held on Wednesday, May 1, 2019, at Talen Energy Stadium, 1 Stadium Dr, Chester, PA 19013 (map), home of the Philadelphia Union, the City’s Major League Soccer team. The Board of Directors will meet at 5:00 pm in the Fearless Conference Room in the historic Wharf Building adjacent to the Stadium; all ASA members are welcome.

Chapter Meeting

The Special Chapter Meeting will be held at 6:30 pm on the Stadium’s Seaport Deck or Bridge Deck. The Guest Speaker, a Philadelphia Union Executive, will discuss “The Business of Professional Soccer.”

The MLS Game

The Philadelphia Union game begins at 7:30 pm. The Union, a member of the MLS Eastern Conference, finished as runners-up in the 2014, 2015 and 2018 U.S. Open Cup tournaments. The Union is playing well-ranked FC Cincinnati, an expansion team in its first year of MLS play.

The Cost

The subsidized cost, including a game ticket waiting for you at the will-call window, is $35 per person for members and guests. The price includes buffet style food, soft drinks, water, and domestic beers. It does not include parking, which is $20/car at the Stadium. Seating for this Major League Soccer outing is limited.

Payment

In order to take part in this exciting and educational Professional Soccer evening, you need to sign up no later than March 30, 2019 — we need to transmit payment and the list of attendees to the Philadelphia Union by April 1, 2019.

To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Only page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail — to arrive by March 30th — to Anita Luciani, Administrative Assistant, ASA Philadelphia, 1229 Chestnut St PMB 232, Philadelphia, PA 19107-4140. Email Anita with questions.

SAVE THE DATE: 2019 BUSINESS VALUATION SEMINAR

The Philadelphia Chapter of the ASA will hold its 14th Annual Spring Business Valuation Seminar on Friday, April 26, 2019, at the Doubletree Hotel in Plymouth Meeting, PA. The program will include a variety of topics presented by key thought leaders.

֍ Large Estate Valuation Issues – Will Frazier, ASA & Oliver Warnke

֍ Healthcare Enterprise Valuation – Fred M. Lara, ASA

֍ TCJA Appraisal Case Study – James F. Hitchner, ASA

֍ Appraisal Practice Development – Rod Burkert, CPA

֍ Applicability of USPAP to Litigation Calculations – Megan Salehli, ASA

Fees.

Early Bird fees, which apply when registration forms and payments are submitted by April 5, are $335 for ASA Members, $370 for all others. After April 5, registration is $365 for ASA Members, $400 for all others. The fee includes lunch, and morning and afternoon refreshments.

To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Only, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail to Anita Luciani, Administrative Assistant, ASA Philadelphia, 1229 Chestnut St PMB 232, Philadelphia, PA 19107-4140. Please note that seating capacity is limited.

Credit.

The seminar will provide eight hours of continuing professional education credit by the American Society of Appraisers. Seminar credits have also been accepted by the Pennsylvania Continuing Legal Education Board. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit.

Brochure.

A seminar brochure, including comprehensive information, biographies of the presenters, a registration form, refund and cancellation policies is available for download.

Questions.

For all other questions, including CEC eligibility for your organization, please contact the seminar organizers, Robert M. Haas Jr., at rhaasjr@rmha.com or (215-887-6500) or Megan Salehli, at msalehli@asterion-consulting.com or (215-893-9914).

January Breakfast Meeting: Historical Documents & Manuscripts

The January Breakfast Meeting will be held on Wednesday, January 16, 20189 8:00 am at the Doubletree Guest Suites in Plymouth Meeting, PA. The guest speaker will be Nathan Raab, President of the Raab Collection, a historical autograph dealer in suburban Philadelphia. Mr. Raab will talk about “Historical Documents & Manuscripts.”

Nathan Raab, who was educated at the University of Pennsylvania, is a dealer in important historical autographs, a historical consultant, a Forbes Contributor since 2011, and serves on the Board of Councilors of the Historical Society of Pennsylvania. He is a co-author of In the Presence of History and a frequent guest on broadcast, print and online outlets including CNN, NBC, CBS, Fox, People, Huffington Post, and the Daily Mail.

Mr. Raab has advised the relatives of famous historical figures (such as Dwight Eisenhower, Thomas Jefferson, and Ronald Reagan), as well as lifelong collectors and their families, as they sell their treasures. He has also advised national institutions, such as the Smithsonian, the National Constitution Center, the Abraham Lincoln Presidential Museum and Library, and the National Museum of American Jewish History, among others.

Nathan Raab is a knowledgeable, authoritative and engaging commentator on American historical documents whose talk is sure to be lively and informative.

ASA Philadelphia Members: Free
This educational and informative Breakfast Meeting is FREE for ASA Philadelphia Members but requires Registration. Please register early for this Meeting which qualifies for 2 hours credit toward ASA re-accreditation.

Guests: $25
The Breakfast Meeting is $25 for Guests. Family members, colleagues, and associates are welcome! To Pay online with your major credit card or PayPal go to the ASA Philadelphia Members Only Page, otherwise please make checks payable to ASA Philadelphia Chapter 35.

Please Register or Pay by January 11. Send checks to Anita R. Luciani, Chapter Administrator, by mail to ASA Philadelphia, 1229 Chestnut St PMB 232, Philadelphia, PA 19107-4140.

3-HR Pennsylvania Understanding Leases Course

The Philadelphia Chapter of the American Society of Appraisers will sponsor a three-hour Pennsylvania Continuing Education class — Understanding Leases on Wednesday, November 28, 2018 from 9:00 am to noon at Andy’s Diner, 2224 Lincoln Highway (Rte 1) Trevose, PA 19053 (215-638-1444)

The instructor will be Robert J. Luciani, ASA, IFA, a PA Certified Real Estate Appraiser & Assessor. Mr. Luciani is Deputy Assessor in the Office of Property Assessment for the City of Philadelphia. Chapter Members are familiar with him from the courses he teaches as an AQB (Appraiser Qualifications Board) Certified USPAP Instructor.

From farmland to factories, from malls to warehouses, from hotels to offices, from stores to apartments, more than 60% of Pennsylvania real estate is leased, not owned outright. This course reviews basic lease law, both common law and Pennsylvania statutes.

Appraisers will learn how the terms and provisions of leases impact the income stream, the valuation process, and ultimately the property value. Assessors will get an overview of how lease terms such as expenses, percentage rent, overage rent and tenant improvements establish the value of the lease for assessment purposes. Both will be exposed to the basics of lease analysis — gross vs. net leases, percentage of sales clauses, etc. The object is preparation for advanced courses in real property appraising and assessing.

Please register early for this class which qualifies for three (3) hours of Continuing Education Credit for Pennsylvania Licensed Appraisers and Assessors.

Tuition for the class is $65 per person, which includes all course materials, breakfast at 8:30 am and lunch at noon, and may be paid by check or online. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail, including your name, phone number and email address, to ASA Philadelphia, 1229 Chestnut St PMB 232, Philadelphia, PA 19107-4140. Please RSVP by email to Anita Luciani, Administrative Assistant.

PLEASE NOTE: Mr. Luciani will conduct two (2) Pennsylvania Continuing Ed classes for Appraisers and Assessors at Andy’s Diner on Wednesday, November 28, 2018, a 3-HR Pennsylvania Understanding Leases Course ($65) from 9:00 am to noon, and a 2-HR Pennsylvania Appraisal Law Course ($45) from 1:00-3:00 pm.

2-HR Pennsylvania Appraisal Law Course

The Philadelphia Chapter of the American Society of Appraisers will sponsor a two-hour Pennsylvania Appraisers/Assessors Law Certification Course on Wednesday, November 28, 2018 from 1:00-3:00 pm at Andy’s Diner, 2224 Lincoln Highway (Rte 1) Trevose, PA 19053 (215-638-1444)

Robert Luciani The instructor will be Robert J. Luciani, ASA, IFA, a PA Certified Real Estate Appraiser & Assessor. Mr. Luciani is Deputy Assessor in the Office of Property Assessment for the City of Philadelphia. Chapter Members are familiar with him from the courses he teaches as an AQB (Appraiser Qualifications Board) Certified USPAP Instructor.

The class covers the required topics of the Pennsylvania Real Estate Appraisers Certification Act and the Assessors Certification Law, and the Regulations of the Pennsylvania State Board of Certified Real Estate Appraisers. It emphasizes changes to the laws made during the past two years and offers a refresher on the provisions most relevant to everyday practice.

2-HR PA Appraisal Law Course The Pennsylvania State Board of Certified Real Estate Appraisers requires biennial recertification for State Licensed Appraisers and Assessors, with all certificates expiring on June 30 of odd-numbered years (eg., 6/30/19). This class meets the specific requirement for two (2) appraisal re-certification hours on the Real Estate Appraisers Certification Act.

Please register early for this mandatory class which qualifies for two (2) hours of Continuing Education Credit for Pennsylvania Licensed Appraisers and Assessors.

Tuition for the class is $45 per person, which includes all course materials and lunch at noon, and may be paid by check or online. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail, including your name, phone number, and email address, to ASA Philadelphia, 1229 Chestnut St PMB 232, Philadelphia, PA 19107-4140. Please RSVP by email to Anita Luciani, Administrative Assistant.

November Meeting: The Medical Marijuana Industry in Pennsylvania

The November Chapter Meeting will be held on Wednesday, November 14, 2018 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:30 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be Dr. Jonathan Gusdorff, DO, Medical Director and Managing Partner of the Firefly Dispensaries in south central Pennsylvania. Dr. Gusdorff will discuss “The Medical Marijuana Industry in Pennsylvania.”

Dr. Gusdorff is the rare physician who succeeds both in medicine and in business. After a decade as a practicing neuroradiologist, clinic Director, and Associate Professor at Oklahoma State University Medical Center, he co-founded CareSTAT Urgent Care Centers, which he sold successfully after three years. Today, Dr. Gusdorff is growing Firefly Dispensaries, which serves patients in the Pennsylvania medical marijuana program.

Dr. Gusdorff followed up his B.A. in Psychology from Hofstra University with post-baccalaureate pre-med studies at Columbia University in New York. He earned his DO at the Philadelphia College of Osteopathic Medicine, where he also served an Internship. After a Residency in Diagnostic Radiology at the Bryn Mawr Hospital and a Fellowship in Neuroradiology at the Emory University School of Medicine, Dr. Gusdorff worked in Neuroradiology for a decade before co-founding CareSTAT Urgent Care Centers.

Dr. Gusdorff will talk about the market for medical marijuana — who can benefit from using it — about the business model and the regulatory environment, and whether the growing market for medical marijuana will provide a steppingstone to recreational legalization. Dr. Gusdorff’s presentation is sure to be of interest to ASA members in all disciplines. As seating for this talk is limited, please register early for this educational evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page. Otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, November 9, to Executive Secretary Anita Luciani by mail to ASA Philadelphia, 1229 Chestnut St PMB 232, Philadelphia, PA 19107-4140 or by email.

September Meeting: Minor League Franchise Valuations

The September Chapter Meeting will be held on Wednesday, September 26, 2018 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:30 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be Gary Loewenstern, CPA, CVA, a Principal in the Blue Bell, Pennsylvania office of HBK CPAs & Consultants, a multidisciplinary financial services firm. Mr. Loewenstern will discuss “Minor League Franchise Valuations.”

Gary earned a B.S. in Accounting from Drexel University’s LeBow College of Business and was a Partner in Resnick, Amsterdam, Leshner, P.C when it merged into HBK in 2016. He has more than 30 years experience advising small business owners, including: minor league sports franchises, television broadcasters, government contractors, investment advisors, providers of information technology, food services and professionals in many fields.

Gary has represented more than 40 minor league baseball franchises since 1986. His experience with the franchises includes; financial statement preparation, federal, state and local tax services, business valuation, expert witness testimony, budgeting, due diligence services for the buying and selling of the franchises, concession consulting, lease evaluations, internal control evaluations, and more.

Mr. Loewenstern’s presentation is sure to be of value to ASA members in all disciplines. As seating for this talk is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, where you can also take advantage of the reduced cost 5-Meeting Plan this month only. Otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, September 21, to Executive Secretary Anita Luciani by mail to ASA Philadelphia, 1229 Chestnut St PMB 232, Philadelphia, PA 19107-4140 or by email.