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Investment Real Estate & Second Homes (CS #73)

Many of you have already purchased a home and maybe dutifully saving in your 401k. Maybe you are considering purchasing investment property or vacation home?

Navigating a home purchase can have many twists and turns; buying a vacation home can be more complicated than buying a primary residence, and investment properties even more so.  

How do you choose?  Residential vs Commercial? Single-tenant vs. multi-tenant? What are the tax and financial implications? Did your finance professor mention cap rates? How do you make it work? Our panel of real estate professionals will discuss the implications of going beyond single home ownership. Please note that this discussion will largely be for individuals and families considering investing in real estate assets generally between $100,000 and $10 million. We do not plan to cover topics relevant to institutional investors or ultra high net worth family offices during this panel. ;Look for a future MITSBAA events related to institutional real estate investing and real estate careers. 


Sean Brown, Moderator, (MIT Sloan SM '94) has served as a member of the MIT Sloan Boston Alumni Association board since 2001, and launched the association's career services offering in 2009. In his role as a member of the MIT Sloan CIO Symposium advisory board, Sean helps set the strategic direction for this flagship event. Sean currently leads Global Communications and External Relations for McKinsey and Company’s Strategy and Corporate Finance practice, helping drive engagement with clients and influencers around the world on the Firm's latest thought leadership and client capabilities.  Sean also leads the Practice’s virtual knowledge dissemination efforts, and has selected, hosted, and moderated the discussions of more than 200 live web based knowledge events, presented by senior McKinsey partners and attended by thousands of executives each year.  

Dave Harelick (MIT Sloan MBA '02) is a 20-year veteran of the commercial real estate industry.  Mr. Harelick is currently consulting to a couple of New York real estate families on their portfolios in Queens and Brooklyn and is a licensed Massachusetts real estate broker.  Mr. Harelick recently completed winding down a portfolio of North American real estate and portfolio companies for Gulf Investment House (Kuwait).  He was formerly a Partner at Corporate Realty Investment Capital, where he was responsible for purchasing over 200 single-tenant net-leased corporate properties totaling over $1 billion in value and returned 3x on equity to CRIC's primary investor, an affiliate of Prudential.  Earlier in his career, Mr. Harelick was an Associate at Lend Lease REI and an investment banker at Wasserstein Perella.  Mr. Harelick holds an MBA from the MIT Sloan School of Management, a Bachelor’s degree from Cornell University and a CFA charter.

Kevin Kuechler (MIT Sloan SM '94) has been a mortgage banker for 16 years.  He has originated more than $650 million in residential mortgages, including financing for investment properties and second homes in Massachusetts, New Hampshire, Connecticut, and Maine.  Before becoming a mortgage banker, Kevin was a management consultant for 15 years, working with senior executives at Fortune 500 financial services firms (including GE Capital) and high-technology companies (including Lotus/IBM.)  He currently owns a second home on Cape Cod, where he also spent several years chairing Truro’s Water Resources Oversight Committee and sitting on Provincetown’s Water and Sewer Board. Kevin lives in Needham, MA with his wife Paula Giancola (Sloan, 1992) and two sons.  He graduated from Princeton University with a B.S.E. in Civil Engineering.

Kosta Ligris (MIT Sloan MBA '18) is an experienced entrepreneur, and the founder and CEO of the Ligris family of companies, a collection of professional services, real estate, consulting, and tech companies. Under his leadership, the Ligris companies have grown to become one of the largest residential conveyancing and transactional firms in Massachusetts. Along with its affiliated title agencies – the Ligris companies have overseen over $30 billion of real estate matters in the last decade. He has been recognized as a real estate “Super Lawyer” for seven consecutive years (2012-2018). Kosta has represented and performed consulting services for some of the nation’s largest banks and real estate companies and has developed real estate in the Greater Boston markets for over a decade.  Kosta holds a B.S. in Physiology and Chemistry from Boston University, a J.D. with honors from Suffolk University Law School (where he serves on the Dean’s Cabinet and the Alumni Board of Directors), and an M.B.A. from MIT’s Sloan.


Taylor Yates (MIT Sloan MBA '14) is an accomplished strategist in growth-oriented businesses. He has leveraged over 10years of experience in corporate America to grow a successful residentia lsales business in Greater Boston, serving the macro trends of Millennials moving to the suburbs and Boomers moving back to the city. 

Date: Tuesday, February 26, 2019 

Time: 6:30 - 8:00 pm (6:30 - 7:00 pm light supper & networking)  

Venue: MIT Sloan, Building E62, Room 233, 100 Main Street, Cambridge 

Registration: Alumni may bring one guest for free. 

We are also offering this event via a webcast. Here is the link to register. 

On-Campus Free Parking: Due to the never-ending construction, Sloan's Hermann Garage is only accessable via Main Street. It is a small garage without a gate, and directly under the Sloan library. Another option is the Amherst Street/E51 lot. These parking lots are free after 5pm. The closest public parking is Kendall Center Green Garage, next to the Marriott Hotel. The entrance is 90 Broadway Street. For other suggesions, click here


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