Fall 2011 issue of Horizons

Sales volume was up nearly 65 percent in 2010 from 2009 activity and dollar volume is expected to rise into 2011. Institutional investors have comprised the majority of this increase. On a side note, 2010 marks a noteworthy year for the real estate industry — the 25th anniversary of the low- income housing tax credit program. A true picture of the public-private partnership, the success of the program throughout the years of its existence has been astounding. Improving communities and living environments across the country, it has given many individuals places to call home. Throughout its tenure, the program has paved the way for the development of more than 2.4 million homes. However, despite its history of success, the program and many other tax incentive measures like it are not without future challenges. As Congress looks to reduce the nation’s deficit, it has come under recent scrutiny. Yet, regarding legislative efforts for tax reform, the program continues to be a strong presence within the industry.

RubinBrown’s Real Estate Services Group RubinBrown has developed a strong reputation nationally as a leader in accounting and advisory services. Today, we provide specialized services to more than 2,000 real estate entities.

Dave Herdlick, CPA - St. Louis Partner Real Estate Services Group dave.herdlick@rubinbrown.com 314.290.3383 Bryan Keller, CPA - St. Louis Partner-In-Charge Real Estate Services Group bryan.keller@rubinbrown.com 314.290.3341 HEAR FROM RUBINBROWN! RubinBrown’s Bryan Keller serves as a featured speaker at the upcoming NASLEF and AHF Live conferences!

Glenn Henderson, CPA, CFP - Kansas City Partner Real Estate Services Group glenn.henderson@rubinbrown.com 913.499.4429

Frank Seffinger, CPA - Denver Partner Real Estate Services Group frank.seffinger@rubinbrown.com 303.952.1240

www.rubinbrown.com

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