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EisnerAmper's Weinstein: Tax Reform To Accelerate Deals (Audio) · Bloomberg Intelligence

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  Speaker 1: Bill Maloney, Charlie all right, thank you very much, Bill Maloney,
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  Speaker 1: and again recapping SMP down seventeen the drop of eight
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  Speaker 1: tenths of one percent. I'm Charlie Pelt. That's a Bloomberry
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  Speaker 1: business flash. You're listening to taking stock with Pim Box
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  Speaker 1: and Kathleen Hayes on Bloomberg Radio. Were are broadcasting live
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  Speaker 1: from midtown Manhattan from the offices of Eisner Emperor where
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  Speaker 1: they are all preparing for their fourth annual Real Estate
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  Speaker 1: Private Equity Summit. It takes place at Pier six Steve
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  Speaker 1: this Wednesday. Pierre sixty, of course, down at the Chelsea Piers,
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  Speaker 1: and that an example of a original use that has
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  Speaker 1: been supplanted by a more modern news for real estate.
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  Speaker 1: And here to tell us about the modern world of
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  Speaker 1: real estate is Charles Weinstein. He is the chief executive
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  Speaker 1: officer of Eisner Amper and he joins us. Now, thank
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  Speaker 1: you very much for housting us here, thank you for
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  Speaker 1: having me tell let's let's let's talk about sort of
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  Speaker 1: the role of Eisner Emper and real estate. Many people
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  Speaker 1: may not know that you have a practice that involves
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  Speaker 1: not only sort of managing real estate, but also managing
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  Speaker 1: investments in real estate and helping people understand what is appropriate,
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  Speaker 1: uh for for their businesses. Tell us about Eisener Emper's involvement. Sure,
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  Speaker 1: you can think of Eisner Emper as a resource for
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  Speaker 1: the real estate community, so providing advice, providing tax advice,
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  Speaker 1: deal structuring advice, and perhaps more importantly, you could think
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  Speaker 1: of Eisener Ramper as a connector in the real estate
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  Speaker 1: community and helping facilitate transactions. And that's a big part
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  Speaker 1: of the conference of our real Estate summit that we're
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  Speaker 1: hosting on Wednesday. So what does it take to compete
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  Speaker 1: your your company? You you're you're growing, you're expanding. What
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  Speaker 1: does it take to well compete? Isn't there a lot
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  Speaker 1: of a lot of other people who want to grab
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  Speaker 1: some of the same business you do. Competition is fierce.
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  Speaker 1: Competing is all about people and resources. Eisener Ramper has
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  Speaker 1: great people and great resources, and that that is really
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  Speaker 1: what helps us compete in the marketplace. Folks like Harry
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  Speaker 1: Doblinsky and Lisa Knee and Ken Weisenberg just so well
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  Speaker 1: connected in the community, helping in our clients connect amongst themselves.
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  Speaker 1: It's great people coming up at the actual event. You've
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  Speaker 1: got Sam Zell on Wednesday. Just give people a little
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  Speaker 1: flavor of what you think Sam Cell might might say. Well, well,
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  Speaker 1: great people indeed, And I would not even venture a
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  Speaker 1: guess at what Sam's l might say, so, well, we'll leave.
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  Speaker 1: But he is is he as regarded in the real
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  Speaker 1: estate industry by the real estate professionals as he is
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  Speaker 1: from outside investors from outside the industry. Absolutely, he is
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  Speaker 1: someone who's amazingly well respected and ahead of the curve
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  Speaker 1: at every curve. And he is certainly known for being outspoken,
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  Speaker 1: like someone's gonna speaking on the national stage tonight, Donald Trump.
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  Speaker 1: And the reason I bring up the debate Donald Trump
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  Speaker 1: and Hillary Clinton is because you guys specialize in taxes.
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  Speaker 1: You know prospects for tax reform. I won't pin you
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  Speaker 1: down on the two candidates if you don't want to
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  Speaker 1: be pinned down. But what are you hoping for? What
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  Speaker 1: are you worrying about when it comes to TAXI from Charlie, So, uh,
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  Speaker 1: tax reform is good for accountants. Anytime there's a change
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  Speaker 1: in tax laws or perspective change in tax laws. Our
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  Speaker 1: clients have a desk it need for us to help
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  Speaker 1: and advise them. So tax reform is good. I'm unsure
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  Speaker 1: what tax reform we're going to get, and we'll have
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  Speaker 1: to wait and see what this election result is going
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  Speaker 1: to be, but certainly going to impact the markets, and
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  Speaker 1: in particular could impact the real estate markets. If we
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  Speaker 1: see that there are potential increases in tax rates, you
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  Speaker 1: may see a significant acceleration in transactions. Well, I'm just
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  Speaker 1: noting from many of the bios of the people that
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  Speaker 1: will be attending your event. If you've got the chief
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  Speaker 1: investment officer managing director for the real estate group of
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  Speaker 1: Goldman Sachs, for for example, tell us about some of
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  Speaker 1: the other people that we're going to be able to
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  Speaker 1: look forward to hearing from. So one of the things
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  Speaker 1: sticking to the political theme, is we have what will
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  Speaker 1: be a candidate for New York City mayor. Mr Massey
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  Speaker 1: will be a candidate for the mayor and will be
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  Speaker 1: interviewed by Catherine Wilde, who is the CEO of the
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  Speaker 1: Partnership for New York. So we could have some very
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  Speaker 1: exciting things come out of our conference on Wednesday. What
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  Speaker 1: about fintech and all the things happening on that side,
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  Speaker 1: peer to peer lending, etcetera. How does that affect you?
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  Speaker 1: Does it help your business as it hurt your business?
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  Speaker 1: Fintech is great for New York City, So fintech is
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  Speaker 1: just another area of growth. Job growth in New York
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  Speaker 1: City has been really strong, led by certainly by fintech
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  Speaker 1: in the technology space in New York. UM, so we've
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  Speaker 1: been strong and those are practice areas for us. Will
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  Speaker 1: we also have great expertise, so the firm goes beyond
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  Speaker 1: real estate in many ways. The financial services industry is
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  Speaker 1: our largest segment. Technology is our second largest segment inside
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  Speaker 1: the firm. Is it ever going to get easier to
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  Speaker 1: do your taxes? My wife does my taxes, so for
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  Speaker 1: me it's easy. That's that is easy. Quick final comment
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  Speaker 1: on advice to anybody who wants to get into this industry,
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  Speaker 1: Into this business, Charlie, which business, Oh listate taxes, Eisenery, emper,
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  Speaker 1: all the above. So um, there's it's always a good time.
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  Speaker 1: To my view is it's always a good time to
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  Speaker 1: go into any business. Quite frankly, there are always opportunities
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  Speaker 1: to exploit. There are always weaknesses in the marketplace. I'm
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  Speaker 1: always bullish on entrepreneurship. And he's must must be working
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  Speaker 1: for Charles Wednesday. He's chief executive officer Eisener Amper l
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  Speaker 1: l P. We're broadcasting live in fact from his offices
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  Speaker 1: here in Midtown Manhattan, head of the annual Real Estate
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  Speaker 1: Private Equity Summit this Wednesday for Eisener Amper Bloomberg Taking
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