Pamela Michaels

Pamela Michaels
Vice President
Asset Preservation

Pamela A. Michaels, Esq. is an attorney and has acted as Senior Vice President of Asset Preservation, Inc. since 2004. Pamela specializes in guiding attorneys, CPAs, investors, financial advisors and other real estate professionals through the regulations and requirements of IRC §1031. Pamela dedicates a significant portion of her time to providing practical presentations to accountants, attorneys, real estate brokers and investors throughout New York and the Northeast featuring real-life exchange scenarios to illustrate a wide range of investment and tax strategies.

Prior to joining Asset Preservation, Inc., Pamela served as an executive and general counsel to diverse financial organizations and real estate companies. Pamela became known early in her career for her work out strategies in the commercial sector and was successful in assisting a number of financial institutions resolve their non-performing real estate portfolios during the S&L crisis. Pamela has a strong background in the operational, financial and legal aspects of real estate, including real estate acquisitions, financing, construction and sales.

Asset Preservation, a subsidiary of Stewart Title Company, is a leading national IRC §1031 “Qualified Intermediary” and is efficiently handling exchanges in every state. Combining a national title company as a partner has proven to be the approach of choice by astute investors. Asset Preservation is one of the most respected national “Qualified Intermediaries” in the United States and has successfully completed over 160,000 §1031 exchanges throughout the nation and more than $1 billion in exchanges in the Northeast alone.

Professional Involvement:

  • Member, Ohio Bar Association– since 1985
  • Member, Florida Bar Association-since 1986
  • Instructor: The Real Estate Board of New York, CCIM, ICSC, SIOR, CIBS, NJSSCPAs
  • Participation/Memberships: REBNY, CIBS, ICSC, NAREIT and ULI
  • Licensed NY Broker, since 2007

Articles and Publications:

Pamela is an author of numerous articles in publications including The New York Real Property Law Journal, The New York Real Estate Journal, The New York State Society of CPAs and The Mid-Atlantic Real Estate Journal. Select articles include:

  • Partnerships and 1031 Exchanges: Available Options for Partners and Partnerships, New York Real Property Law Journal, Summer/Fall 2015
  • Due Diligence When Recommending a QI, The New York Real Estate Journal, 2014
  • The Perfect Storm “Three Factors Driving the Surge in 1031 Exchange Activity in 2014”, The New York Real Estate Journal, 2014
  • What to Do About Expenses in a §1031 Exchange, New York State Society of CPAs, 2014
  • Understanding 201 Capital Gain Rates, The New York Real Estate Journal, 2013
  • The Importance of Fair Market rent in a 1031 Exchange, Mid-Atlantic Real Estate Journal, 2013
  • Substantiating Investment Intent in a §1031 Exchange, The New York Real Estate Journal, 2011
  • Deferred But Not Forgotten, The Mann Report, 2008
  • Office Condos, Time Shares and Air Rights on the Rise, The New York Real Estate Journal, 2008
  • §1031 Investment Property or Not, The Mann Report, 2007
  • Combining Tax Strategies to Maximize Tax Benefits, The Mann Report, 2007
  • Depreciating Your §1031 Replacement Property, The New York Real Estate Journal, 2007
  • Does a Time Share Qualify for Deferral in a §1031 Exchange, The Real Estate Weekly, 2007
  • Getting Credits for Improvements to Replacement Property, The Mann Report, 2007
  • Selling your Hotel in a §1031 Exchange, The Real Estate Weekly, 2007
  • Tax Strategies for Selling Real Estate Owned by C Corporations, The New York Real Estate Journal, 2007 (Co-authored with David Stone, Stone Capital Advisors, LLC)
  • Treatment of Closing Costs in a §1031 Exchange, The Northeast Business Journal, 2007
  • Using the Auction Process to Maximize Value in a §1031 Exchange, The Northeast Business Journal, 2007 (Co-Authored with Misha Haghani, Esquire, Sheldon Good & Associates)
  • Can a Foreign Person Perform a §1031 Exchange, The Mann Report, 2006
  • Ensuring Timely Closings in a §1031 Exchange, CIBS of Long Island Newsletter, October, 2006 How to Buy Before You Sell in a
  • §1031 Exchange, The Mann Report, 2006
  • Navigating the Murky Waters of a §1031 Exchange, The Mann Report, 2006
  • Restructuring Ownership in a §1031 Exchange, The Mann Report, 2006
  • Taking Back Paper May Create Havoc on Your §1031 Exchange, The New York Real Estate Journal, 2006

Lectures:

Pamela regularly lectures in house to law firms, CPAs and commercial brokerage firms and in public forums on behalf of various legal, accounting and real estate professional organizations in the Tri- State area and nationwide. Selected speaking engagements include:

  • Selected Firms: Brach Eichler, September, 2016, Cravath, Swain & Moore, 2016, Cushman & Wakefield, June, 2016, EXP Realty
  • Advisors, February, 2016, Kelly, Drye, June, 2016, Smith, Gambrell, June, 2016, Suffolk County Bar Association, Spring 2016
  • New York State Land Title Association, Spring 2016
  • New York State Society of CPAs, June, 2016
  • The Real Estate Board of New York, Regular Lecturer for Broker Training and Certification Courses, 2006- 2015.
  • CCIM- 2006-2014
  • TRIPLE PLAY NJ Realtor Convention, 2013
  • NYC Asset Management Roundtable, Presentation: The Power of Strategy ™, 2006 and 2015
  • NYSSCPA – 2010 and Featured Speaker, Real Estate and Tax Committee, 2006
  • Coldwell Banker Commercial NJ, Multiple Presentations: Advanced §1031 Concepts, 2006 -2014
  • CIBS/ NYSCAR Joint Meeting- Roundtable Forum Speaker, 2008
  • ICSC Law and Accounting Conference Speaker, Like Kind Exchanges and Tenant in Common Programs, 2007
  • IMN Broker Dealer Conference, Panel Member, December, 2007
  • Lorman Education Services, Regular Lecturer Throughout Northeast, 2005, 2006 and 2007
  • UJA – Federation of NY, Speaker, Tax and Financial Planning Conference Convention, 2007
  • NYRS Certification Program Presenter, REBNY, 2007
  • NBI, Presenter, Like Kind Real Estate Exchanges, Saddle Brook, NJ, 2006
  • NYSCAR, Presenter, Annual Convention, 2006
  • ALTA 2005 Annual Convention, Speaker, Like Kind Exchanges, 2005
  • NY Real Estate Institute, Lecturer, 2005
  • SIOR, NJ Chapter, Presenter, December, 2004

Admitted to Practice:

  • Ohio, 1985
  • Florida, 1986

Education:

  • Ohio State University, J.D. – 1985
  • Kent State University, B.G.S.- 1982
  • The City of London, Finance, Banking and Investment – 1993;
  • Semester at Sea – Study/Travel program in the Middle East and Western Europe – 1981