News: Long Island

Keystone National Properties hires Kaltenbach as CFO

Jericho, NY Keystone National Properties (KNPRE), a sponsor of Delaware Statutory Trust (DST) offerings, and other tax advantaged and impact focused investments, has hired Jamie Kaltenbach to serve as CFO.

Kaltenbach has over two decades of accounting and reporting experience within the commercial real estate industry. She is responsible for Keystone’s financial planning, establishing and maintaining internal control procedures, cash management, and financial reporting.

“We are excited about the growth Keystone is experiencing and adding a talented and highly experienced financial professional like Jamie will help us achieve our goal of being a best-in-class firm,” said Mike Packman, founder and CEO.

Kaltenbach launched her career as a tax consultant at Ernst & Young. From there, she moved into leadership roles with Morgan Stanley, Cousins Properties, AIMCO, and Jones Lang LaSalle. She has supported commercial real estate clients in all real estate classes, with a focus on commercial, industrial, and multifamily. Kaltenbach is experienced with real estate funds, REITs, and tax reporting investments. Kaltenbach earned a bachelor’s degree in business administration and master’s degree in accountancy from the University of Tennessee.

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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.