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Christine Ziomek
chris@caryl.com
(201) 796-7788
April 27, 2011

Mcres Executives To Lead Roundtables At Recon 2011

Kasten, Loebenberg and Tesler Chosen to Present Topics at World’s Largest Retail RE Convention

LAKEWOOD, N.J., April 27, 2011 – Three executives from Madison Commercial Real Estate Services (MCRES) have been chosen to lead professional roundtables at RECon 2011, the world’s largest gathering of retail real estate professionals. Daniel Kasten, CPA, Eli Loebenberg, CPA, and David Tesler, Esq., are among the industry experts who will be presenting at the convention, to be held at the Las Vegas Convention Center, May 22-25. The roundtables will be held on Monday, May 23rd from 7 to 8 a.m. in the North Hall. Sponsored by the International Council of Shopping Centers (ICSC), RECon attracts more than 1,000 exhibitors and 30,000 attendees each year.

“RECon is the most influential retail real estate convention in the world, where roughly 50% of all shopping center deals are initiated or finalized each year,” said Elliot S. Zaks, MCRES’ Director of Operations. “We are pleased to have three of our executives included among the top-tier of speakers shaping the future of the retail real estate industry.”

Mr. Kasten, MCRES’ Chief Financial Officer, and Mr. Loebenberg, CEO of Madison SPECS, will be leading a roundtable discussion entitled “Making the Most of the Latest Real Estate Income Tax Regulations.” Focusing on how commercial property owners and investors can lower their tax liability and improve their cash flow, they will examine the current benefits of two valuable, yet often overlooked or misunderstood, tax strategies: cost segregation and §1031 Exchanges.

Mr. Tesler, founder and CEO of Real Diligence, LLC, will lead a roundtable discussion entitled “Current Best Practices in Financial Due Diligence for Commercial Real Estate.” Focusing on the need for timely, rigorous and independent financial due diligence, Mr. Tesler will discuss best practices and ways to avoid common pitfalls when acquiring commercial real estate, especially when considering distressed assets.

MCRES is a group of independent but related companies that offer specialty services for the commercial real estate market nationwide. Each company excels in a specific, highly specialized area of expertise. MCRES companies include: Madison Title Agency, a nationwide title agency, with over $75 billion in transactions insured, that handles searches, writes policies, manages transactions and provides closing and escrow services in all 50 states, as well as offering REO Solutions and Bulk Transaction Management Services; Madison SPECS, offering expert cost segregation studies; Madison Exchange, one of the nation’s leading Qualified Intermediaries handling §1031 exchanges; LeaseProbe, producing commercial lease abstracts and handling lease administration and CAM audits; and Real Diligence, offering accurate and reliable financial due diligence for commercial real estate acquisitions as well as distressed asset acquisition support.

Founded in 1957, the International Council of Shopping Centers (ICSC) is the global trade association of the shopping center industry. Its 60,000 members in the U.S., Canada and more than 80 other countries include shopping center owners, developers, managers, marketing specialists, investors, lenders, retailers and other professionals as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world.
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