The Historic Tax Credit Program is discussed by Michael Zukerman, Executive Director of New York based Whitestone Realty Capital. A noted real estate attorney, Mr. Zukerman explains the workings and intent of the Historic Tax Credit Program. In this interview, he notes that this program has been most successful in providing redevelopment capital for older city neighborhoods. The Historic Tax Credit Program provides capital for developers seeking to invest in older buildings where cities are desirous of maintaining the charm and character of older structures and neighborhoods. Mr. Zukerman explains what steps a developer needs to take in order to secure tax credits for his project.
Mike Zukerman in Scotsman Guide
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Michael Zukerman is the Managing Director and CEO of Whitestone Realty Capital, LLC. Whitestone Realty Capital, Inc (“WRC”) is a developer and real estate investment banking firm.
Marv Eisen is a Director of Whitestone Realty Capital (WRC). Prior to joining WRC, Mr. Eisen was a Vice President in his family’s manufacturing business that specialized in apparel for the military, police and fire departments as well as producing metal stampings for General Motors and Ford. A mechanical engineering graduate of the University of Pittsburgh, Mr. Eisen’s responsibilities included oversight of manufacturing operations in 3 plants, supervising 160 direct employees in the firm’s manufacturing operations. The company owned two buildings, and Mr. Eisen was instrumental in building acquisitions and utility infrastructure. Mr. Eisen’s responsibilities at WRC include transaction origination; underwriting due diligence; active participation in lender/investor sourcing and negotiations; and ongoing account management.