Evening star., 1939-05-06
Low-Cost HOUSING
By Rehabilitation
Session Topic
Central Atlantic Realtors
To Meet Next Week
At Atlantic City

for good and genuinely low-cost
housing is proving profitable in
Philadelphia. 1t is being done on
a scale that indicates the soundness
OF such projects for federally insured
private loans. How it is being done
for almost deserted buildings Is a
story that points a way for like ac-
ton in cities over the country. Need
for reclamation of deprecated prop
critics exists in every major city.
The Philadelphia experiment, and
similar new forms of real estate en-
terprise in other fields through
which today's needs are being met
In the administration, use and
financing of real estate, will be out
lined at the coming Central Atlantic
Regional Conference of the Ma
tional Association of Real Estate
Boards when it meets at Atlantic
City next Friday and Saturday.
Arthur w. Binns, Philadelphia,
who has purchased some 300 dilapi-
dated housing units and rehabili-
tated them to produce a return IN
excess of 10 per cent net on the in
vestment, will address the confer
ence on the profitable rehabilita-
ton of residential properties, in
cluding near slum properties. Mr..
Binns, member of the association S
Committee on Housing and the Re
habilitation of Blighted Areas, will
illustrate his talk with before" and
"after" pictures of his own projects
In Philadelphia.
To Represent Seven States.
Realtors of seven States, New
York, New Jersey, Pennsylvania,
Maryland, Delaware, Virginia, West
Virginia and the District of Colum-
bia, will meet at the Central At
lantic Regional Conference, to be
held at the Hotel Traymore, with
the New Jersey Association of Real
Estate Boards as hosts.
Immediate and long-term needs
for bettering real estate conditions
and understanding of sound real
estate development and use will be
discussed by E. L. Ostendorf, Cleve-
land. Ohio, president of the Ma
tional Association of Real Estate
Boards. Speakers will include Paul
E. Stark, Madison, Wis, former
president of the association and
trustee of the National Real Estate
Foundation; Lowell Thomas, New
York, radio commentator; Donald
T. Pomeroy, Syracuse, N. Y, vice
president of the association for the
Central Atlantic region. presiding at
general sessions and delivering the
keynote address Mr.. Pomeroy will
summarize and interpret results of
a survey, now being made, of real
estate business conditions in the
region.
Lowell Thomas to Broadcast.
Lowell Thomas will broadcast
from the conference his regular news
comment over the N. B. c. coast-to-
coast blue network. Mr.. Thomas
will be principal speaker at BAN
1uet to be held at the Traymore
May IL, climaxing the opening day
Of the conference.
Conference speakers are an
uounced as follows:
Boyd T. Barnard, Philadelphia,
who will discuss the practical ap-
plication of basic principles in the
appraisal of different types of real
estate.
Clement E. Merowit, New York
City, who will speak on the man
agement of properties for insti-
tutional owners.
Robert M. Wilson, Philadelphia,
president of the Philadelphia chap
ter of the Institute of Real Estate
Management, who will discuss profit
able relationships between tenant
and property manager.
Zenn kaufman, New York, sales
counselor and author, who will speak
on the dramatization Of business
services and opportunities.
Officers of local real estate boards
and of State real estate associations
will meet with national officers
under the auspices of the Realtors
Secretaries Council. Charles J
Rush, executive secretary of the
Washington Real Estate Board, will
preside at this meeting. At meet
ing of the Realtor Secretaries Coun-
Gil Arthur w. Gelston, executive
secretary of the Brooklyn Real
Estate Board, will discuss the har-
monious balancing of a real estate
boards work. Gertrude I. Murphy
executive secretary of the Real
Estate Board of Newark, will talk
on the steam" behind the work
of a real estate board Margaret
Van Deman, executive secretary OF
the Board of Realtors of the Oranges
and Maplewood and vice chairman
Of the council, will preside.
Appleby to Welcome Realtors.
Theodore F. Appleby, Asbury Park
president of the New Jersey Asso-
citation of Real Estate Boards, will
welcome the visiting realtors.
In addition to the program OF
speakers and discussions. personal
consultation service on the problems
of the individual real estate firm will
be an integral part of the program
r. H. A., H. o. L. c. and U. S. H. A