Steeped in centuries of history, Nassau County plays a theatrical role as the gorgeous, homey hamlet set amongst the backdrop of hectic New York City. Nassau joins the adjacent Suffolk County, forming the majority of Long Island the contiguous United States' largest island. It perhaps has been the most important, with Nassau County properties occupying a prominent place in the New York landscape for centuries.
An original battleground for the intellectual battles between Loyalist and Patriot parties during the American Revolution, Nassau was once a starkly divided set of villages. Founded by Dutchmen nearly 400 years ago (named for William of Nassau, Prince of Oranje), Long Island lays claim as one of the first European metropolitan areas in North America. The Battle of Long Island took place along the eastern shore by far the largest battle between British and American forces. Weathered relics can be found all over the now-burgeoning city even Theodore Roosevelt's Sagamore Hill home is among the Long Island real estate. Now Sagamore is home to the Theodore Roosevelt Museum and the thrilling 23-room Victorian made of mahogany, cypress and black walnut is preserved as a National Historic Site.
Nassau County real estate isn't just amongst history often it is the history.
Growth As America's Ideal Suburb
Opened May 4, 1905, Belmont Park plays home to the Belmont Stakes the third and final leg of horse racing's Triple Crown. Legendary thoroughbred such as Secretariat, War Admiral, Man o' War and Seattle Slew have graced and wowed the New York crowds at the park.
During the 20th century, Nassau County homes for sale saw unprecedented growth as New York's boroughs became crowded. The 20s and 30s saw the sleepy farms transformed almost overnight into prototypical American suburbs. Tired of the matchbox living in the city, most migrants fled for the suburban niceties found only in Nassau County real estate's quaint surroundings. The communities of East Meadow, Wantagh, Massapequa and Franklin Square grew tremendously. These communities still feature large Italian, Jewish and Irish American populations.
Living Today
Nassau County properties offer some of the best living accommodations in the New York City area today. One of the richest areas in the nation, the median household income of ,579 is an exceedingly high number considering the population of 1,350,000. Additionally, the county's residents enjoy living in one of the safest spots in the United States. In 2005, Forbes ranked Nassau County as the safest region in the U.S., with the lowest crime rate.
Nassau County real estate is available at a wide range of price points and styles including: Victorians, condos, single living, and multiple family arrangements. With quick access to the overflowing amenities of Manhattan, Brooklyn and Queens, there's always something new to discover in the world's premier city.
Renowned for it's sophisticated culture within such a cluttered backdrop, the region has maintained it's quaint sensibilities despite increasing urbanization. Complete with a heart from yesteryear, expect Nassau County to continue into the new millennium as the prototype for integrating urbane living with the classical, northeasterner lifestyle.
Showing posts with label Brief. Show all posts
Showing posts with label Brief. Show all posts
Friday, June 29, 2012
Sunday, May 27, 2012
A Brief History Of The Master Limited Partnership
In recent times, Master Limited Partnerships or MLPs have started to gain popularity owing to their steady returns, even during recessionary times. Even as the stock markets tanked in the wake of the sub-prime mortgage crisis, MLPs continued to deliver healthy returns. This is owing to the commodity nature of their business, dealing primarily with oil and gas and not subject to short-term variations. In other words, even during times of recession, people will buy gas and that ensures MLPs will deliver returns. And then there are the tax incentives.
Before embarking on the history of the Master Limited Partnership, let's first define what it is. As its name suggests, it is a limited partnership. It combines the tax benefits of a limited partnership with the liquidity value of the tradable stock. In order to qualify for an enterprise to issue Master Limited Partnerships it needs to earn 90% of its profits through activities related to natural assets, real estate or commodities.
The first MLP to be launched was one by the Apache Oil Company in 1981. Its aim was to tap smaller investors for capital while allowing them to become partners. This was soon followed by other oil and gas companies following suit, with real estate companies joining in as well. Legislators became concerned with the meteoric rise in MLPs, with restaurants, hotels, amusement parks and even the Boston Celtics going down this route in order to save on corporate tax.
As a result, new tax laws were formulated. The Tax Reform Act of 1986 and Revenue Act of 1987 put in place restrictions that adequately eliminated preferential tax treatment for all MLPs except those with 90% of their incomes derived from various natural resource activities, such as oil and gas exploration, production, transportation, and so on.
Consequently, many of the earlier MLPs ceased to exist, transforming themselves back to corporations. As of today, there are around 55 MLPs trading on American markets. Most of them deal with midstream energy distribution, transportation, and terminal assets. Some of the newer ones deal with industrial source carbon dioxide (include in the tax code in 2008), and the transportation and storage of ethanol, biodiesel and other alternative fuels (also added in 2008).
Like the S&P 500 and Dow Jones Industrial Average that track stock performance, MLP performances are tracked by the Alerian MLP index or AMZ. Alerian was founded in 2004 by Gabriel Hammond as an MLP asset manager. The AMZ was born on June 6, 2006, when JP Morgan formally announced its operation. The index is distributed everyday through ticker AMZX and is present on Alerian's website. In addition, S&P calculates 10 years of historical index data on both a charge and total return basis.
Some of the larger MLPs, by market capitalization, are Enterprise Product Partners (Ticker: EPD), Kinder Morgan Energy Partners (KMP), Williams Partners (WPZ), Energy Transfer Partners (ETP) and Plains All American Pipeline (PAA). The last year has also seen the launch of MLP mutual funds that have further opened up this sector.
Before embarking on the history of the Master Limited Partnership, let's first define what it is. As its name suggests, it is a limited partnership. It combines the tax benefits of a limited partnership with the liquidity value of the tradable stock. In order to qualify for an enterprise to issue Master Limited Partnerships it needs to earn 90% of its profits through activities related to natural assets, real estate or commodities.
The first MLP to be launched was one by the Apache Oil Company in 1981. Its aim was to tap smaller investors for capital while allowing them to become partners. This was soon followed by other oil and gas companies following suit, with real estate companies joining in as well. Legislators became concerned with the meteoric rise in MLPs, with restaurants, hotels, amusement parks and even the Boston Celtics going down this route in order to save on corporate tax.
As a result, new tax laws were formulated. The Tax Reform Act of 1986 and Revenue Act of 1987 put in place restrictions that adequately eliminated preferential tax treatment for all MLPs except those with 90% of their incomes derived from various natural resource activities, such as oil and gas exploration, production, transportation, and so on.
Consequently, many of the earlier MLPs ceased to exist, transforming themselves back to corporations. As of today, there are around 55 MLPs trading on American markets. Most of them deal with midstream energy distribution, transportation, and terminal assets. Some of the newer ones deal with industrial source carbon dioxide (include in the tax code in 2008), and the transportation and storage of ethanol, biodiesel and other alternative fuels (also added in 2008).
Like the S&P 500 and Dow Jones Industrial Average that track stock performance, MLP performances are tracked by the Alerian MLP index or AMZ. Alerian was founded in 2004 by Gabriel Hammond as an MLP asset manager. The AMZ was born on June 6, 2006, when JP Morgan formally announced its operation. The index is distributed everyday through ticker AMZX and is present on Alerian's website. In addition, S&P calculates 10 years of historical index data on both a charge and total return basis.
Some of the larger MLPs, by market capitalization, are Enterprise Product Partners (Ticker: EPD), Kinder Morgan Energy Partners (KMP), Williams Partners (WPZ), Energy Transfer Partners (ETP) and Plains All American Pipeline (PAA). The last year has also seen the launch of MLP mutual funds that have further opened up this sector.
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