November Meeting: Cost Segregation

The November Chapter Meeting will be held on Wednesday, November 19, 2014 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; all ASA members are welcome. The general meeting starts at 6:30.

The guest speaker will be Walter O’Connell, ASA, Senior Consultant at the Wayne, Pennsylvania firm of Porto Leone Consulting, LLC, which provides valuation and cost segregation services. He will talk about “Cost Segregation.”

Mr. O'Connell holds a B.A. in Economics and B.S. in Finance from Kean University, and an M.A. in Economics from Montclair State University. He manages cost segregation studies and tangible asset valuations for Porto Leone, where he has performed and managed cost segregation studies on hundreds of properties. He has also performed tangible asset valuations for tax, book, insurance placement, due diligence, and business planning purposes in a variety of industries.

Walter will explain the meaning of cost segregation and review the basics of cost segregation in relation to commercial real estate depreciation for income tax purposes. He will also discuss the valuation tools used in the development of a qualified cost segregation study.

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, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, November 14, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).