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Media Contact:
Christine Ziomek
chris@caryl.com
(201) 796-7788
July 24, 2009

Experts Discuss Smart Bottom-Line Real Estate Strategies For Tough Times

LAKEWOOD, N.J., July 24, 2009 – Evergreen Title Agency, Walden Federal Savings & Loan Association and Madison Commercial Real Estate Services, LLC (MCRES) recently hosted an educational seminar with networking, dinner, and discussion. Led by a panel of industry experts and designed for CPAs, tax and real estate attorneys, owners of investment property and owners of property used for business, the seminar was held recently at the Orange County Chamber of Commerce in Montgomery, N.Y.

Titled “Bottom Line Real Estate Strategies for Tough Times,” the seminar was led by three MCRES industry leaders: Eli Loebenberg, CPA, CEO of Madison SPECS, LLC; David I. Tesler, Esq. CEO of LeaseProbe, LLC and Real Diligence, LLC; and Lee David Medinets, Esq., General Counsel for Madison Commercial Real Estate Services and Senior Counsel for Madison Exchange, LLC. Mr. Loebenberg opened with a discussion of effective strategies to reduce taxes and increase cash flow through cost segregation. Mr. Tesler focused attention on increasing revenue through lease abstracts and CAM audits. He noted that investors in today’s economy are finding gems through financial due diligence of foreclosed or distressed assets. He also discussed using financial due diligence to attain a favorable loan workout. Mr. Medinets rounded out the seminar by highlighting the benefits that can accrue from tax deferrals through 1031 Exchanges.

The professionals who attended took advantage of the seminar to deepen their understanding of these key real estate strategies. Dov Rakower, President of Tamrak Management Inc., said, "This seminar got me focused on issues that really affect my business. I had always heard about cost segregation, but never fully comprehended its value until now. That alone made the seminar well worth my time to attend!"

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About Madison Commercial Real Estate Services, LLC

Walden Federal Savings and Loan Association, better known as Walden Federal was organized in 1919 as a federal savings and loan association. The association’s primary market area is Orange County, as well as southern Ulster and Sullivan County, New York. The company is headquartered in Walden, New York. The main office (12 Main Street) has expanded over the years and now functions out of three locations. In addition to the main office, the organization operates five full-service branch offices, located in Montgomery, Otisville, Monroe and Newburgh, New York. Each of the branch offices are located in Orange County, New York, situated approximately 70 miles northwest of New York City. Deposits are generated through its branch network and lending activities are conducted throughout its market area. Additionally, Walden Federal provides a full array of products and services to meet the financial needs of its customers and the communities it serves.

Evergreen Title Agency, LP - Evergreen Financial Services, a wholly owned subsidiary of Walden Federal, has an ownership interest in Evergreen Title Agency, LP.