Community Magazine May 2021

16 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. Home&Stone FIXTURES FAUCETS HARDWARE ACCESSORIES 1663 Coney Island Ave Brooklyn NY 11230 Valet Parking Appointments Welcome 718.787.1000 homeandstone.com @homeandstone to decorate the huppah with ornate flower arrangements. The Sages tell that hosts of angels escorted our ancestors from the camp to the mountain – just as the bride and groom are joyously escorted to the canopy. The Gemara famously relates that at the time of Matan Torah , Gd suspended the mountain above Beneh Yisrael , like a huppah . Indeed, Matan Torah was a wedding. Gd was the groom, and Beneh Yisrael were the bride. Just as a bride and groom stand together under the canopy and express to one another their unbridled commitment and loyalty, so did we stand with Gd at Mount Sinai and make such a proclamation. We entered into an everlasting bond, whereby we are forever devoted to one another. Extending this idea one step further, we might say that Yetziat Mitzrayim marked the “engagement.” An engagement, after all, is the decision to enter into the marital bond with the other party. This is what happened at the time of the Exodus – Gd singled us out and “invited” us to join Him, as it were. We happily agreed, and the “wedding” took place seven weeks later, on Shavuot. The question is, why did we need these seven weeks? When a couple gets engaged, the wedding does not take place immediately, because they need time to make the preparations. They need to reserve a hall, hire a caterer, orchestra, and photographer, buy special clothes, and set up a home. All this takes time. But Gd didn’t need time to prepare for His “wedding” with the Jewish People. He could have very easily held the ceremony right away. Why did He wait seven weeks? The answer is rooted in the halachic requirement of a minimum engagement period. Even if no preparations need to be made, and the couple could, practically speaking, get married right after getting engaged, halachah mandates waiting at least seven days. Only then may the bride immerse in a mikveh and thereby complete her process of purification in preparation for marriage. The Kabbalists explain that Beneh Yisrael , the bride, similarly needed to undergo a purification process. They had spent over 200 years in Egypt, a society that was characterized by idol-worship and decadence. For over two centuries, our ancestors were submerged in the “impurity” of ancient Egypt, and were significantly impacted by its culture. According to Kabbalistic teaching, they plummeted to the “49 th gate of impurity” – just one step before the 50 th level, from which they would have been unable to recover. In this condition, they could not “marry” Gd. They needed to first undergo a process of purification – just as a bride must purify herself before she can marry her groom. The Kabbalists further explain that whereas a regular bride requires seven days for purification, Beneh Yisrael had become so contaminated in Egypt that they needed seven weeks. The period between Yetziat Mitzrayim and Matan Torah was earmarked for preparation, for Beneh Yisrael to rid themselves of the impurities of Egypt so they could stand under the “ huppah ” with Gd where together they would forge an eternal bond. o e t FIXTURES FAUCETS HARDWARE ACCESSORIES 1663 Coney Island Ave Brooklyn NY 11230 Valet Parking A pointments Welcome 718.787.1000 homeandstone.com @homeandstone ixtures Faucets Hardware accessories 1663 coney island avenue Brooklyn NY 11230 Monday–wednesday 9am–5:30pm thursday 9am–7pm sunday 11am–5pm Valet Parking appointments welcome 718.787.1000 www.homeandstone.com Home & st e i tu e F ardw re ss ies oney island ave e roo ly Y 1 0 M a –we es a m :30p ursday 9a –7pm su ay a – let r i i t e ts elc me 718.787.1000 . e st e.co t FIXTURES FAUCETS HARDWARE AC ES ORIES 16 3 Coney Island Ave Bro klyn NY 1 230 Valet Parking Appointments Welcome 718.787.10 homeandstone.com @homeandstone