Community Magazine October 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 register: 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. 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 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 Courtside at Park Avenue! 2019-2020 Contract Time! Tennis Center Park Avenue Located in Oakhurst, NJ First Annual PATC Summer Camp 2019! Be a member of the First Annual PATC Summer Camp! June 24th, 2019 - Aug st 30th, 2019 10 weeks of Fun, Fitness, and Tennis Ag 4 - 17 Call us at 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’ and ju ior clothing, shoes, gear and accessories at Park Avenue Tennis Center! New Pro Shop Courtside at Park Avenue! 2019-2020 Contract Time! Ten is Center Park ve Located in Oakhurst, NJ First Annual PATC Summer C mp 2019! Be a member 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 website: w w.parkavenuetennis.com We are still accepting contr time reservations for the 2019-2020 season! Call or visit our websi e to book your contract time n ! 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 member 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 website: www.parkavenuetennis.com We are still accepting c ntract tim reservations for the 2019-2020 season! Call or visit our website to book your contract time now! Featuri g a full line of Wilson r cqu ts, 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! T nnis Center Park Avenue Located in Oakhurst, NJ First Annual PATC Summer Camp 2019! Be a member of the First Annual PATC Summer Camp! June 24th, 2019 - August 30th, 2019 10 weeks of Fun, Fitness, and Tennis Ag s 4 - 17 l us at 732-359-8800 or visit our site: www.p rkavenuetennis.com W are still ccepting contract time reservatio for the 2019-2020 season! Call or visit our website t b ok your co tract time now! g a full line n racquets, nd Adidas ’s, men’s or clothing, gear and ries at Park e Tennis nter! ro Shop de at Park nue! 2019-2020 Contract Time! Tennis Center Avenue ed in Oakhurst, NJ First Annual PATC Summer Camp 2019! Be a member of the First Annual PATC Summer Camp! J ne 24th, 2019 - August 30th, 2019 10 weeks of Fun, Fitness, and Tennis Ages 4 - 17 Call us at 732-359-8800 or visit our website: www.parkavenuetennis.com W are still accepting contract time reservations for the 2019-2020 season! Call or visit our website to book your contract time now! Featuring full line of Wilson racquets, Nike and Adidas women’s, m n’s and junior clothing, shoes, gear and accessories at Park Avenue Tennis Center! New Pro Shop ourtside at Park Avenue! 2019-2020 Contract T ! Tennis Center ark Avenue Located in Oakhurst, NJ Why would the snake make such a ludicrous claim – that Gd forbade Adam and Havah from partaking of any of the garden’s trees? And how did the snake hope to persuade Havah to violate Gd’s command through this claim? We might also wonder why the snake mentions only the trees of the garden, and says nothing about the fruit. The snake told Havah that Gd forbade eating any of the trees, and Havah replied that Gd allowed them to eat all the “fruit” except that of the forbidden tree. Why? The Hida (Rav Haim Yosef David Azoulay, 1724-1806), in his work Rosh David , offers a fascinating interpretation, citing an insight of the Arizal (Rav Yitzhak Luria of Safed, 1534-1572) which he found in a manuscript written by his grandfather, Rav Avraham Azoulay. He draws our attention to the first chapter of the Book of Beresheet, the story of creation, where we read of the creation of the world’s trees. Gd pronounced that the earth should produce “ etz peri – fruit trees” (1:11), but the Torah tells us that the earth instead produced “ etz oseh peri – trees that produce fruit” (1:12). This might not sound like a significant difference, but Rashi, citing the Midrash, comments that there was a very important difference between what Gd wanted and what the ground produced. Gd wanted trees that would b entirely flavorful – that not only would produce tasty, nutritious fruit, but would also have flavor in the bark. Even the trees’ bark was meant to be edible food. But the ground disobeyed Gd, and instead of giving forth “ etz peri ” – trees that would be entirely tasty – it gave forth “ etz oseh peri ” – trees whose only nourishing component was their fruit. Of course, we cannot understand what it means that the ground disobeyed Gd. The ground is an inanimate object, which cannot make decisions on its own, and so we have no way of knowing the full intent of the Midrash cited by Rashi that speaks of the ground’s disobedience. For our purposes, though, it suffices that Gd had intended for the trees to be made entirely of an edible substance, but the ground instead produced trees that would bear edible fruit and otherwise be inedible. With this background, the Arizal suggested a brilliant explanation of the snake’s scheme. The snake approached Havah and tried to convince her that Gd forbade not the fruit , but the tree . It wanted Havah to believe that Gd allowed her to eat the delicious fruits of all the trees, including the forbidden tree. It was only the bark of the trees that Gd forbade. At first, Havah didn’t listen. It is true that when Gd spoke to Adam, He told him that they must not eat “from the tree” (2:17), without mentioning the fruit. However, Adam and Havah understood that this referred to the fruits – the only edible part of the tree – but not the bark. However, the Torah says that Havah then saw “ ki tov ha’etz lema’achal – that the tree was good for eating” (3:6). The Arizal explained thatHavahnoticed somethingunusual about the forbidden tree – that the bark was itself edible and flavorful. Whereas all the other trees in the garden had no taste other than in the fruit, this tree was special. This was the one tree that was flavorful in its entirety,