Community Magazine August 2019

18 COMMUNITY MAGAZINE WEEK ONE : FINANCIAL JULY 15-18, 2019 I MON.-THURS. I 9AM – 5:30PM - Hillel Yeshiva, Ocean Twp. OR ANALYSIS JULY 22-25, 2019 I MON.-THURS. I 9AM – 5:30PM - Five Towns JCC, Far Rockaway What you’ll learn :  Essential concepts of real estate financial & investment analysis  Property valuation: How to develop an operating statement and apply capitalization rates to estimate property value  Determining net operating income (NOI)  Multi-year cash flow forecast – the pro forma income statement  How to estimate asset value and investment returns Course #: REFI-1010-02 $1,995 Register & pay by June 15 with early bird: $1,895 WEEK TWO: DEVELOPMENT JULY 22-25 I MON.-THURS. I 9AM – 5: 30PM - Hillel Yeshiva, Ocean Twp. OR PROCESS JULY 29- AUG 1 I MON.-THURS. I 10:30AM – 6PM - Five Towns JCC, Far Rockaway What you’ll learn :  The phases and procedures of developing various property types – multifamily and mixed-use  How to conduct a market analysis and site selection  Marketability and design considerations, budgets, and project pro forma  How to create a feasibility study; raising equity and financing  Construction considerations, marketing and leasing, property management Course #: REFI-1020-02 $1,995 Register & pay by May 30 with early bird: $1,895 To registe r: e-mail: realestate@fordham.edu or call 212-636-7626 www.fordham.edu/realestate Who Should Enroll?  Current and potential real estate investors  People considering a career in real estate  Those looking to pivot in their career Real Estate Certificate in Finance & Investment Early Bird Special: Save up to $200 if you register and pay by June 15 Summer Intensive Starting July 15 Hillel Yeshiva 1025 Deal Road, Ocean Township, NJ Program Advantages  Taught by real estate finance and investment professionals  Convenient location: Hillel Yeshiva  Those who complete the certificate are eligible for a GMAT waiver for Fordham’s MS in Real Estate לעילוי נשמתם של משה בן עליזה, יצחק הלל בן עליזה, והנרייט לאה בת עליזה, דוד בן גילה, רבקה בת גילה, יהושע בן גילה, משה בן גילה, שרה בת גילה, יעקב בן גילה, ואליאנה בת גילה. ולרפואה שלמה ליוסף בן אהובה מסעודה, שילת אהובה בת עליזה, ודניאל בן עליזה. These 21 days, the Rebbe of Apta posits, correspond to the 21 days of the Three Weeks – from the 18 th of Tammuz through Tishah B’Av. Strange as it sounds – these 21 days of mourning are actually rooted in the 21 joyous occasions that we celebrate throughout the year. The Apta Rebbe explains that these 21 days are potentially days of immense joy and festivity. They share the same root and essence as the 21 joyous days. Unfortunately, though, we are as yet unworthy of unlocking this potential. Since we have not yet earned our nation’s redemption from exile, these 21 days are a time of mourning. But in the future, once we experience redemption, the root essence of these days will surface – and they will be celebrated as festive occasions. This might be the explanation of the concept of Tishah B’Av being a “ mo’ed .” Because indeed – at its core, Tishah B’Av, like the previous 20 days, is a festive occasion. Our omission of “ tahanunim ” on Tishah B’Av reflects the root and essence of this day, which is, in truth, a holiday! Tishah B’Av and…almonds After studying this passage in the Ohev Yisrael , I decided to do a little “experiment,” and see if perhaps we can develop this correspondence one step further. If, indeed, the 21 occasions listed in Parashat Pinhas correspond to the 21 days of the Three Weeks, then we should expect to find connections between specific holidays and the corresponding day of the Three Weeks. For example, the 18 th of Tammuz, according to the correspondence established by the Ohev Yisrael , is associated with Shabbat, and so we might anticipate some link between this date and Shabbat. The same is true of the 19 th of Tammuz and Rosh Hodesh, and so on. Happily, my experiment worked: at least with regard to some of the 21 days, I found a connection. The 13 th occasion listed by the Ohev Yisrael is Yom Kippur – which thus corresponds to the 13 th day of the Three Weeks, which is Rosh Hodesh Av. This is the yahrtzeit of Aharon, the first kohen gadol , the brother of Moshe Rabbenu, one of the greatest tzadikim who ever lived. (The Torah tells us in Parashat Maseh that Aharon passed away on Rosh Hodesh Av.) Our sages teach that the death of the righteous brings atonement like sacrifices. And so Rosh Hodesh Av – the day of Aharon’s passing – is a day of atonement, resembling Yom Kippur. Appropriately, then, these two occasions are associated with one another, and are both the 13 th day of their respective series of 21 special days. The festive days that come after Yom Kippur, of course, are the days of Sukkot, which are called “ zeman Simhatenu – the time of our joy.” These correspond to the first week of the month of Av, about which halachah instructs, “ Mishenichnas Av mema’atin besimhah – When Av arrives, we reduce our joy.” The first days of Av, like the days of Sukkot, are, at their core, “ zeman simhatenu ” – a time of special joy and festivity. However, in our state of exile, when we are undeserving of experiencing the festive nature of this period, we are compelled to do the opposite, and to reduce our First Annual PATC Summer Camp 2019! Be a mem er of the First Annual PATC Summer Camp! June 24th, 2019 - August 30th, 2019 10 weeks of Fun, Fitness, and Tennis Ages 4 - 17 Call us at 732-359-8800 or visit our webs : www.parkaven etennis.com We are still accepting contract time reservations for the 2019-2020 season! Call or visit our website to book your contract time now! 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June 24th, 2019 - August 30th, 2019 10 weeks of Fun, F tness, and Tennis Ages 4 - 17 Call us at 732-359-8800 or visit our website: www.parkavenuetennis.com We are still accepting contr t time reservations for the 2019-2020 season! Call or visit our websi e to book your contract time no ! Featuring a full line of Wilson racquets, Nike and Adidas women’s, men’s and junior clothing, shoes, gear and accessories at Park Avenue Tennis Center! New Pro Shop Courtside at Park Avenue! 2019-2020 Contract Time! Tennis Center Park Avenue Located in Oakhurst, NJ First Annual PATC Summer Camp 2019! Be a memb of he First Annual PATC Summer Camp! June 24th, 2019 - August 30th, 2019 10 weeks of Fun, Fitness, nd Tennis Ages 4 - 17 Call us at 732-359-8800 or visit our website: www.parkavenuetennis.com We are still accepting c ntract time reservations for the 2019-2020 season! Call or visit our website to book your contract time now! 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J ne 24th, 2019 - Augu t 30th, 2019 10 weeks of Fun, Fitness, and Tennis Ages 4 - 17 Call us a t 732-359-8800 or visit our website: www.parkavenuetennis.com We are still accepting contract time reservations for the 2019-2020 season! Call or visit our website to book your contract time now! Featuring a full line of Wilson racquets, Nike and Adidas women’s, men’s and junior clothing, shoes, gear and accessories at Park Avenue Tennis Center! New Pro Shop ourtside at Park Avenue! 2019-2 20 Contract T m ! Tennis Center ark Avenue Located in Oakhurst, NJ