Monthly Archives: February 2025

York's HOA division excels in guiding clients through the Corporate Transparency Act.
Company News

CTA Assistance for York HOA’s

Navigating the Corporate Transparency Act: Your Association’s Trusted Partner

As the leading experts in association compliance, we at York have been at the forefront of helping homeowners associations navigate the complexities of the Corporate Transparency Act (CTA). Our dedicated team of professionals has successfully guided numerous associations through the intricate process of beneficial ownership information (BOI) reporting, ensuring they meet all legal requirements with ease and confidence.

 

Why HOAs Need Expert Assistance

The CTA’s reporting requirements have introduced a new layer of complexity for associations across the nation. Many board members and property managers find themselves grappling with questions such as:

  • Does our association qualify as a “reporting company”?
  • What specific information do we need to gather and report?
  • How do we ensure ongoing compliance with updating requirements?

This is where our expertise becomes invaluable. We’ve developed a streamlined process to take the guesswork out of CTA compliance for associations of all sizes.

 

Our Comprehensive CTA Compliance Services

At York we offer end-to-end solutions tailored specifically for associations:

  1. Compliance Assessment: We conduct a thorough review of your association’s structure to determine your reporting obligations under the CTA.
  2. Data Collection and Verification: Our team assists in gathering all necessary information about beneficial owners, ensuring accuracy and completeness.
  3. Report Preparation and Filing: We prepare and submit your BOI report to FinCEN, adhering to all deadlines and format requirements.
  4. Ongoing Compliance Management: We help you stay compliant by tracking changes and filing timely updates as needed.
  5. Legal Guidance: Our network of legal experts provides clarity on complex aspects of the CTA as it relates to associations.

 

Why Choose Us?

  • Proven Track Record: We’ve successfully assisted 54 associations with CTA compliance since the act’s inception.
  • Specialized Expertise: Our team focuses exclusively on association compliance issues, including the nuances of the CTA.
  • Time and Stress Savings: We handle the entire process, allowing your board to focus on community management.
  • Risk Mitigation: Our thorough approach minimizes the risk of non-compliance and potential penalties.

 

Act Now to Ensure Compliance

With the March 21, 2025 deadline approaching for existing associations, it’s crucial to complete this process. Don’t leave your association’s legal standing to chance. Contact York’s Association Management division to schedule a consultation and let us guide you through the CTA compliance journey with confidence and ease.

Anna Claire Price

[email protected]

Remember, when it comes to CTA compliance for association, we’re not just service providers – we’re your trusted partners in navigating this new regulatory landscape.

Market Insights

Progress Report: The Missing Middle

The term “missing middle” refers to housing types between detached single-family homes and large apartment buildings. This includes duplexes, triplexes, townhouses, and small apartments.
Prior to the summer of 2021, these housing types were prohibited in many of Raleigh’s neighborhoods. Nearly four years after adopting Missing Middle housing policies that same year, Raleigh is seeing significant activity in this area of development.  While a single Hayes-Barton townhome project has dominated headlines, there are actually multiple small-scale developments underway across the city.

Current Development Activity

As of February 2025, Raleigh’s Missing Middle housing pipeline includes:
  • 52 Missing Middle subdivisions submitted for approval
  • 195 Accessory Dwelling Units (ADU) applications
  • 98 townhouse unit applications
Additionally, at least 10 proposed small-scale developments are currently under review within Raleigh’s Administrative Site Review portal. These projects are expected to add nearly 200 units on less than 10 acres within the city limits.

Examples of Ongoing Projects

601 Method Rd: A nine-unit small apartment building near Western Blvd BRT.
1613 Battery Dr: Fourteen new townhomes replacing one single-family home adjacent to Raleigh Blvd.
These developments showcase the city’s efforts to increase housing density while maintaining neighborhood character.

Challenges and Opposition

Despite progress, the Missing Middle policy continues to face challenges.
Legal Battles: The Raleigh Country Club recently petitioned to block a 16-unit townhome development near its golf course.
Ongoing Lawsuits: A judge ruled against a controversial 17-townhome development in the Hayes Barton neighborhood, highlighting the ongoing debate surrounding these projects.

Mixed Results

While the policy has increased housing diversity in some areas, its impact on affordability remains debated. Of the 2,800 new units built under the program, only 203 (less than 10%) are considered affordable.
As Raleigh continues to grow, the Missing Middle approach represents an ongoing experiment in urban housing policy, with both promising developments and persistent challenges. The city will need to monitor and potentially adjust its strategies to achieve the intended goals of increased housing supply and improved affordability.
York Properties broker, Judson McMillan represented the buyer in this commercial leasing transaction in Pinehurst.
Client Highlight

CLOSED: 160 Turnberry Way

We’re excited to share that our client successfully acquired a fully leased light-medical office building in Pinehurst! This strategic investment promises stable income and long-term growth within a vibrant and growing community. A huge congratulations to our client on this excellent addition to their portfolio!

And a special shoutout to Judson McMillan for his exceptional work in representing the buyer throughout this transaction. His expertise, dedication, and market knowledge were instrumental in ensuring a seamless and successful closing. Judson’s commitment to client satisfaction is truly commendable.

We’re proud to play a role in connecting investors with quality opportunities in this dynamic region.

New sweetness opened at Stony Brook Shopping Center, leased by York Properties
Client Highlight

Tepuy Donuts at Stony Brook

Quick tenant highlight this morning. We stopped by Tepuy Donuts at Stony Brook Shopping Center on our way to the office one morning last week. This excursion is HIGHLY recommended.

Besides a fantastic array of made-from-scratch sourdough doughnuts, Tepuy offers breakfast and lunch sandwiches.

You can order ahead online or pop by most anytime from 6:30am – 3pm. Closed on Wednesdays. Open at 7am on Sundays.

Located at 2820 Capital Boulevard, Raleigh.

Check them out sometime! You won’t be sorry.

 

Congratulations to the winners of our 2024 Commercial Brokerage Awards!
Company News

2024 Commercial Brokerage Awards

As the 2024 year came to a close, we gathered at Cucciolo Terrazza to celebrate the hard work, dedication, and accomplishments of our incredible Commercial Brokerage team. The evening was filled with inspiring stories and shared laughter. Over a delicious meal, we reflected on milestones reached, challenges overcome, and recognized a few specific achievements from our brokers:

Best Broker Ever Trophy : John Koonce for being awarded to Top Producer Spot

I’m Kind of a Big Deal Trophy : Judson McMillan & Skipper Day for closing the division’s largest single transaction

Road Runner Trophy : John Koonce for most brokerage transactions completed

Our Commercial Team is powered by 12 hardworking brokers and an amazing marketing and administrative group. We are so thankful for each person and could not do it without you! It was a night to remember, as we celebrated the spirit of teamwork and looked ahead to another year of growth and success. Here’s to the people who make it all possible, and to the exciting opportunities the future holds!