Jay Herman and Jennifer Hower represented a Long Island Regional Mall on behalf of a National Real Estate Investment Trust. After exchanging trial appraisal reports and right before trial, Jay and Jen reached a settlement with the Taxing Authority resulting in a tax refund of over $10.5 million dollars.
On September 14, 2016, Jay Herman and Kevin Clyne spoke at a joint program of the Long Island Chapter of the Appraisal Institute and the Tax Certiorari and Condemnation Law Committee of the Suffolk County Bar Association. Attendees received CLE Credit. Kevin Spoke on the relationship between real estate and business value. Jay spoke on prudent appraisal trial practice. Over 80 professionals were in attendance.