Rob Hannah


In 2011, I redirected my business experience to the marine industry after assuming control of Chicago Yacht Yard, a full-service marine service and storage facility located on the river in downtown Chicago. In a short time, this business has been transformed into an industry leader with significant gains in both service and storage as well as adding both brokerage and new boat sales to our business lines. Chicago Yacht Yard is now the regional dealer for Rinker Boats (www.rinkerboats.com) Zar by Formenti of Milan, Italy (www.zar-formenti.net), Mercury Marine and Comitti boats of Italy (www.comittigroup.com). We also now boast the Midwest's only Formula Factory Showroom and Factory Service Center (www.formulaboats.com).  January 2015 we changed our name to Chicago Yacht Works to better relfect our expanding business.   We are now recognized as the premier marine sales, service and storage facility in lower Lake Michigan and one of the best in the Great Lakes.

My background in commercial real estate spans from design and build to acquisition and disposition . I also created new ways to invest in real estate; I created an ownership structure designed to comply with IRS sec. 1031, enabling investors to acquire fractional interests in real property, while deferring capital gains and related taxation. I was directly involved with the development of the Treasury Department and IRS issuance of Revenue Proceedure 2002-22. As a recognized expert in the 1031 exchange arena, I have taught continuing education for attorneys and accountants and have spoken at ABA, AICPA and other professional certification conferences.

In 2007 I developed the first public "Green" investment structure, Green Realty Trust, Inc. a REIT focused on the conversion of existing buildings to "High Performance", energy efficient buildings. I remain involved in this space primarily through Green Recycling Technologies, Inc. which is in the business of bringing state-of-the-art biomass energy solutions to market in the U.S.

Specialties: Business management; operations; finance; tax law; 1031; real estate; design; development; sustainability; LEED; architecture;

 

 

Articles About and By Rob Hannah


PierVantage adds Chicago boatyard as client
Posted on August 27th, 2015

CorVant LLC, makers of the cloud-based marine business management software PierVantage, said the Chicago Yacht Works has selected PierVantage for Boatyards to help manage its growing marine business.

Chicago Yacht Works sits on the South Branch of the Chicago River and offers its customers more than 600 feet of river frontage and eight heated buildings.

“Chicago Yacht Works is very excited to integrate several separate software systems into one solution — PierVantage,” Rob Hannah, owner of Chicago Yacht Works, said in a statement.

“We have been very impressed with PierVantage’s capabilities, particularly for management of our service operations,” Hannah said. “The ability to have single-step functionality for estimating, parts ordering and generation of work orders will save us time and money. Most importantly, this conversion will enable us to better serve our customers by improving our timing, accuracy and overall customer service experience. PierVantage will improve our core sales, service and storage operations, as well as our educational and rental programs.”

“Our team is excited to work with Rob and the Chicago Yacht Works crew to implement PierVantage for Boatyards,” CorVant operations director Greg Miller said. “We have been looking to increase our presence with a progressive, prominent marine business in the Great Lakes region and Chicago Yacht Works affords us this opportunity.”

Chicago Yacht Works joins boatyards that include Front Street Shipyard in Maine, Derecktor Shipyard in New York, Philbrook’s Boatyard in Sidney, British Columbia, Diversified Yacht Services in Fort Myers, Fla., and Zimmerman Marine in Maryland, North Carolina and Virginia, in choosing to use PierVantage.

Rob Hannah is the founder, Chairman and CEO of Green Realty Trust, Inc. and its’ Advisor, Insight Real Estate, LLC. Green Realty Trust, Inc. (“Green”) is the first Real Estate Investment Trust (REIT) to focus on the acquisition, management and conversion of existing buildings to Certified high-performance building standards, including LEED, Energy Star and other Certifications. Green has filed with the SEC to raise $1.5 billion in equity and is expected to begin selling shares through its nationwide broker dealer market very soon.



Rob is committed to sustainability in real estate and in life and is a member of the NRDC, the Rocky Mountain Institute, the Real Estate Roundtable and its’ Sustainability Policy Advisory Committee (SPAC), Mindful Metropolis and other organizations that share these beliefs.



Mr. Hannah also served as the President of Tax Strategies Group, LLC (“TSG”) and oversees its operations, including real estate acquisitions, tax structures, asset management, and dispositions. Mr. Hannah created the tenants-in-common ownership structure as defined in IRC Rev Proc 2002-22 in the mid 1990’s and worked with the IRS and U.S. Treasury Department task force on the development of the Revenue Procedure and has been the industry’s leader since its inception. TSG sold and managed a commercial portfolio valued at over $600 million in 9 states. This portfolio included office, industrial, retail and multi-family assets.



Mr. Hannah has also created numerous valuable financial products for the benefit of investors. Mr. Hannah was instrumental in the development of Revenue Procedure 2002-22; he has also created an exchange insurance policy that will cover capital gains, depreciation recapture and related fees and penalties; and process through which individual investors can access and acquire fractional interests in real estate through a web-based marketplace which includes a credit enhancement vehicle to back-stop the obligations of the commercial tenants in a given property or portfolio. Mr. Hannah has filed several intellectual property patent applications with the U.S. Office of Patents and Trademarks for his investment structures and methods.



Mr. Hannah has been a featured speaker and also in publications including: The Wall Street Journal, Forbes, The New Yorker, The Journal of Taxation and many others.



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