May, 2013

Economy League Envisions a World Class Greater Philadelphia

The Economy League of Greater Philadelphia is working on a shared agenda to improve the Greater Philadelphia region’s future.  The World Class Greater Philadelphia effort has three main focus areas including Education and Talent, Business Growth and Infrastructure.   AthenianRazak’s Principal Jackie Buhn is on the Board of Directors of the Economy League and is working on the agenda for the World Class Greater Philadelphia effort.

Education and Talent

This area is being worked on in conjunction with the United Way of Greater Philadelphia and a host of other partner organizations.  One of the primary concerns of this effort is ensuring that every kid is “kindergarten ready.”  This includes creating an assessment to measure how ready children are for kindergarten by looking at various aspects of early childhood education.  You can read more about this effort here.

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Keeping it Real in the Classroom

AthenianRazak’s Kyle Holmbeck knows how important it is to prepare the next generation for the workforce. That is why he started teaching at Burlington County College several years ago and why he strives to bring real world examples into the classroom.
As one of AthenianRazak’s financial experts, Kyle is currently handling construction project accounting and management for clients. Bringing together both his passion for finance and for real estate, Kyle decided to offer his Finance class a real world example of several of the principles they have learned this semester, such as Net Present Value (NPV) and asset valuation. To facilitate this example, Kyle used a development pro forma created by our very own William Knapp to evaluate our development property acquisition candidates.
Two objectives of Kyle’s class are learning Excel and understanding that the value of financial assets are based on future cash-flows. William’s pro-forma is a powerful model which allows us to measure sensitivity of returns to virtually any project variable. But it is also simple enough to be useful as a straightforward conventional real estate analysis, projecting the value of a development property based on future cash-flows. It was a perfect tool for getting across Kyle’s objectives. By understanding the cash outlays and inflows of the development project, the class was able to understand the projected investment value and returns.
Thanks Professor Holmbeck for teaching the next generation about the importance of real estate!
Kyle Holmbeck is Controller at AthenianRazak.

Partner Linda Galante Recognized as 2013 Woman on the Move Honoree

Congrats to our partner Linda Galante on being recognized as the Arthritis Foundation’s annual Woman on the Move.  Linda received this award during a luncheon celebration on April 23rd.

This annual event – along with yearlong education programs – aims to create awareness about women with arthritis and the tools available through the Arthritis Foundation to help cope with and prevent the disease, while leading fulfilling and active lives.

As a Woman on the Move, Linda has demonstrated that she is an extraordinary woman who balances family life, career, and community involvement.  Linda is a Partner at Stradley Ronon and also a Partner at AthenianRazak.

Read more about Linda’s recognition as a Woman on the Move here.