14A — August 28 - September 10, 2020 — M id A tlantic Real Estate Journal


P eople on the M ove

DISON, NJ — Bussel Realty Corp. (BRC) announced Tamika Responsible for newbusiness generation throughout NJ Jones joins Bussel Realty Corporation as sales associate E

continued from page 2A Critical steps for buying . . . member of developing the Fi - nancial Services Division in Pittsburgh. She then served as Regional Director before becoming Senior Operations Manager where she was re - sponsible for overseeing joint venture operations, develop - ing and building the Central Processing Unit, and the company’s operational proce - dures. Prior to joining Title Alliance, DeGennaro worked as a Petroleum Landman and completed title searches and exams in courthouses throughout 3 states. MAREJ Title Alliance appoints DeGennaro as CIO Patti DeGennaro MEDIA, PA — Title Al- liance, Ltd. announced Patti DeGennaro as chief implementa - tion officer, m a r k i n g the compa - ny’s fourth f ema l e C- Suite addi - tion in the last year. Since join - ing Title Alliance in 1985, DeGennaro has held many positions within the com - pany beginning as a crucial

for new business generation and relationship building throughout the Central and North New Jersey commercial real estate marketplace,” con - tinued Bussel. “Her industry knowledge, work ethic and “go-getter” attitude are a great value add to the BRC team.” “Bussel Realty is wel l - known to be an industry leader in commercial real estate and I am so excited to be a part of the team. I look forward to working with all the professionals and grow - ing the BRC industrial pres - ence throughout Central and Northern New Jersey”, said Jones. MAREJ

the sales team on existing clients and properties. Jones is a licensed New Jersey Realtor with 18 years of real estate marketing and administration experience. She has held marketing and administrative positions with - in the real estate departments of national franchisors such as Ruby Tuesday and At - lanta Bread Company. She also has experience in work - ing with real estate firms Staubach Retail of Atlanta, Colonial Properties Trust of Atlanta, and most recently, NAI DiLeo-Bram & Company of Piscataway. “Mika will be responsible

“ M i k a ” Jones has j o i ned t he c omp a n y ’ s b r o k e r a g e division as a sales associ - ate. “ We a r e h a p p y t o

Tamika Jones

have Mika as an addition to our brokerage team at BRC,” said Steve Bussel, SIOR , president of BRC. “She will be analyzing the Northern and Central New Jersey industrial market while working with

Unfortunately, without the aid of an experienced church broker, many churches pur - chase buildings that aren’t zoned to be churches or that they ultimately cannot afford because they did not account for how much it would cost to repurpose or renovate. If you do find an existing church building in a good location that fits within your budget, make sure it suits your needs and is in good physical condition, so renovations required are more cosmetic than infrastructural. Unlike a traditional real estate agent who must string together the professionals nec - essary to complete the purchase of a property, an experienced church broker offers a full turn - key solution. It pays to find the right partners who can connect you with church lenders and capital campaign leaders, or - ganize documents and reports, manage the zoning process, oversee the inspection of the facility and the construction process, seek congregational approval, negotiate the deal, and hand you the key. This article is an excerpt from The Religious Real Estate Review, a newsletter provid - ing the religious community with up-to-date news on real estate development specifically by houses of worship in the Washington DC Metro region. Each issue provides updates on recent transactions, real estate development, religious news, and upcoming commu - nity events. Marcus N. Daniels, Ed Luckett, and Terry Rog- ers of NAI Michael are the editors and publishers of The Religious Real Estate Review and have over 30 years of combined experi- ence in commercial real estate sales and leasing spe- cifically with churches and houses of worship. MAREJ

Make sure your financial and organizational records are in order. You should be able to produce financial state - ments for the past three to five years, information about any existing debt obligations and current assets, as well as tithes and offerings. Addition - ally, review your articles of incorporation or bylaws, and determine who is going to be the signatory for the execution of the documents. CREATE A FINANCIAL PLAN Next, you need to create a financial plan for how the con - gregation will lease or purchase the property. If you choose to lease, make sure you under - stand the real market value of the property so you know if you can handle lease payments. If you choose to purchase, you will probably use a combination of funding sources, such as a capital campaign, donations and bank loans. A good rule of thumb: Churches can borrow three times their annual giving. LOCATETHEAPPROPRIATE CHURCH PROPERTY There are many spiritual, emotional, and congregational considerations when selecting a site, and it’s helpful to remem - ber that the “perfect property” doesn’t exist. Church leaders need to be flexible. For ex - ample, many churches are leas - ing or buying nontraditional church buildings because there is a low inventory of existing churches for sale. If you have identified a potential building, investigate local regulations and conditions, including ease - ments, parking and zoning regulations, and utilities, to determine if the property can be used for religious purposes. Additionally, gain a clear un - derstanding of what it will cost to convert the building into a suitable church.

SVN Miller Commercial completes six-part virtual forum series, “Switching Gears.”

CEO, Kevin Maggiacomo , investment strategist Nick Giorgi, CFA, president of PRMC, Dr. Steve Leonard, president and ceo of Perdue Farms, Randy Day, president of Salisbury University, Dr. Chuck Wight, and executive director of Salisbury-Wicom- ico Economic Development, Dave Ryan. SVN Miller would like to thank their sponsors of the 2020 Forum, Delmarva Vet- eran Builders, Bank of America Merrill Lynch, M & T Bank, The Insurance Market, Hebron Savings Bank, Salisbury University, Mid Atlantic Farm Credit, Avery Hall, WR McCain, Bank of Delmarva, and TRS CPA Group. MAREJ

SALISBURY, MD — SVN Miller Commercial completed a six-part virtual forum series, “Switching Gears.” Unbeknownst to anyone when the theme was chosen, “Switch - ing Gears” would be more rel - evant than ever in March when the event had to be restructured around Covid-19 restrictions. After deciding to move for - ward with the event in a vir - tual format, SVN got to work adding to the featured speaker lineup. “The Annual Forum is intended to be an information piece for our clients and commu - nity. We did not want to cancel completely and let down those that look forward to the event. It was also very important to us to push forward, and keep business operating as best we RED BANK, NJ — Den- holtz Properties , a privately held, fully integrated real estate development and in - vestment company, announces that it has joined the Interna- tional WELLBuilding Insti- tute (IWBI) , a building-health organization. Launched in 2014, the (IWBI) is leading the global movement to transform build - ings, communities and organi - zations in ways that help peo - ple thrive. IWBI delivers the cutting-edge WELL Building Standard, the leading global rating system and the first to be focused exclusively on the ways that buildings, and ev - erything in them, can improve comfort, drive better choices, and generally enhance, not

could.” said Brent. This was an opportunity to add more speak - ers and build on the content. The full line-up of guests included Economist Anirban Basu, City of Salisbury, MD, Mayor Jake Day, SVN | Miller managing director, Rick Tilghman, CCIM, CPM, SVN International Corp. compromise, our health and wellness. The WELL Build - ing Standard is the premier standard for buildings, interior spaces and communities seek - ing to implement, validate and measure features that support and advance human health and wellness. The WELL Building Stan - dard is based on evaluation of ten concepts recognized as crucial to building health and wellness: Air, Water, Nour - ishment, Light, Movement, Thermal Comfort, Sound, Ma - terials, Mind and Community. Following a rigorous third-par - ty review of these components and specific optimization plans in place, buildings can receive a Platinum, Gold, Silver, or Bronze WELL Building Stan -

dard certification. In addition to joining the IWBI, Denholtz Properties associate, Jamie Atkins , re - cently received the WELL Ac - credited Professional (WELL AP) credential from the IWBI furthering his expertise in the WELL Building Standard (WELL) and his commitment to advancing human health and wellness. As Denholtz Properties’ first WELL AP, Atkins will work closely with Denholtz Properties’ senior leadership team to tap into new opportunities and strat - egies designed to improve health and wellness within the company’s diverse slate of office, flex, and multifamily buildings through New Jersey and Florida. MAREJ Denholtz Properties joins Int’l. WELL Building Institute

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