Opportunity Zones (West)
Los Angeles, CA
November 12, 2019

Description

IMN is pleased to announce our Opportunity Zones Forum (West), November 12, 2019 in Los Angeles, CA.

Following our sold out inaugural event earlier this year in New York City, and leaning into our longstanding expertise in providing best-in-class learning and networking conferences for the real estate community, we're excited to bring this event to senior developers, investors, and tax & accounting specialists across the West Coast.

The one day conference features a keynote address from Director of Economic Policy in the Los Angeles Mayors' Office, Ron Frierson, and will provide a critical update on IRS guidance, demystify investment operations and processes, delve into optimal fund structures and partnership models, and much more. It will also provide a platform for attendees to develop and strengthen relationships, discuss new investment opportunities and share stories of success from opportunity zones across the country.

We look forward to seeing you in Los Angeles this November!

Who Should Attend
  • Commercial Real Estate Developers
  • Real Estate Private Equity Firms
  • Institutional Investors
  • Family Offices & High Net Worth Individuals
  • Registered Investment Advisers (RIAs)
  • Fund Administrators
  • Law/Accounting/Consulting Firms
  • Federal, State and Local Government Entities

Conference Highlights

Networking Tutorial

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My Agenda

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Agenda

    Tuesday, November 12th, 2019

      8:00 AM
      Registration and Breakfast for All Conference Attendees




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      8:55 AM
      IMN's Opening Remarks




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      9:00 AM
      The Golden Opportunity: Expanding Economic & Community Benefit in California

      • A featured keynote speech will detail how California is using opportunity zones to further investment in housing, commercial real estate, green technology and renewable energy. The conversation will also provide an update on regulatory guidance and its implications for the diverse stakeholders that are active in or plan to enter the opportunity zones marketplace.

        • Ron Frierson, Director of Economic Policy (Mayor’s Office, City of Los Angeles)

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      9:20 AM
      How to Cash in on QOZs: Key Considerations for Family Offices & RIAs

      • Family offices are increasingly reaping the tax incentives provided by opportunity zones. This panel brings together some of these investors and their trusted advisors to offer a roadmap for family offices looking to play in the opportunity zones space.
        • What approach should RIAs take with their retail clients in regards to QOZs? What regulatory protocols do RIAs need to have in place in order to process a QOZ transaction? What do RIAs needs to know about the transactional requirements, compliance and due diligence protocols particular to the QOZ program?
        • What are the benefits and risks for family offices investing in opportunity zones?
        • To which strategies and in which markets are you allocating capital for opportunity zone funds?
        • As an LP, what are your foremost concerns about investing in opportunity zones? What are you doing to manage risk?
        • Which do you consider to be the earmarks of a strong investment? What’s on your decision-making checklist? Are there certain markets or sectors that you’d prefer to avoid?
        • How do operating businesses factor into your investment plan? Which tech startups and large-scale businesses are you considering for investment? How do you plan to structure those deals?


        • Steve Kwong, Vice President, Senior Financial Advisor (Merrill Lynch)
        • Darren Whissen, President (Atomi Financial Group)
        • Tony Hallada, Managing Principal (CliftonLarsonAllen LLP)
        • Letitia Berbaum, Wealth Advisor (Optivest Wealth Management)
        • Clint Myers, Partner (Rise of the Rest)
        • Duncan Hatch, Investor (Virtu Investments)

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      10:05 AM
      Networking Break, Courtesy of:

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      10:35 AM
      What Will Opportunity Zones Look Like 10 Years from Now?—SoCal & U.S. Data Deep Dive

      • With a wave of notable projects underway or in planning, the uptick in opportunity zone investment and development has only just begun in Southern California. This panel gathers tax and policy experts, opportunity zone investors and fund managers to discuss the future of the economic development tool, prognosticating what needs to happen on the regulatory front to continue driving investment momentum and kick the program into high gear, statewide and throughout the U.S. Dive into the data to gain a clearer view of where demand is growing and the risks that lie ahead.
        • As administrations change, how might this impact the capital treatment of QOZ investments?
        • What might happen when opportunity funds become more difficult to certify? How could increasing oversight impact how you approach these investments?
        • How has the latest IRS guidance impacted your opportunity zone investment strategy? 
        • What is the most current data indicating about the growth trajectory for opportunity zones in and around Los Angeles? With L.A. hosting the 2028 Olympics, what could this mean for a development and construction boom within the area’s qualified opportunity zones?
        • With economic growth lagging, what risks are fund managers and investors monitoring? In which submarkets, property types and asset classes do you expect to see the strongest growth?
        • Which new players are likely to enter the opportunity zone investment market in the coming year?


        • Alan Lincoln, Real Estate Analyst (Mick Law P.C. LLO)
        • Jolly Singh, Managing Director (CIM)
        • Brad A. Molotsky, Partner (Duane Morris LLP)
        • Rodney Emrani, President, Principal (Emrani & Associates)

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      11:20 AM
      Manage Risk & Meet Business Objectives in QOZs: Private Capital Investment Primer

      • Learn how private investors go about selecting sites for QOZ investments, and the unique financial and legal considerations that must be taken into account.
        • What risks, both to the site and physical asset, need to be underwritten?
        • What sources of funding are managers targeting? How are they adjusting their strategies to attract family offices, high-net-worth individuals, pensions and other institutional investors?
        • Which investment strategies are best suited to private capital investors?
        • What do private capital providers need to know about capital gains deferrals, tax basis increases and tax-free growth, before embarking on these investments?
        • What factors inform the decision to invest directly or via a platform?
        • What strategies, relationships and technologies are crucial to more efficiently source and evaluate investment opportunities?
         

        • Mike Treiman, General Counsel (StarPoint Properties, LLC)
        • Kate Kraus, Partner (Allen Matkins)
        • Garett Bjorkman, Vice President (CIM Group)
        • Nick Marietti, Managing Director, Real Estate (Cresset)
        • Heath Goldman, President/CEO (ICON Wealth & Legacy Partners)
        • Gregory Wendt, Senior Wealth Advisor (StakeHolders Capital & Living Economy Ad)

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      12:05 PM
      Networking Luncheon




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      1:05 PM
      How to Finance Opportunity Zone Deals in Secondary & Tertiary Markets

      • As the economic cycle continues its record-long bull run, investors and developers are finding upside ever more elusive. This panel offers case studies demonstrating creative strategies for identifying strong secondary and tertiary markets and finding the right expertise to get those deals done.
        • Outside of primary markets, which property segments in qualified opportunity zones do you expect to see the most growth? In which QOZ projects are you investing? What’s in your deal pipeline? How do you decide where to invest?
        • What are the most common challenges you’re facing in executing these deals? What strategies have you used to overcome them? How are you using technology to execute more opportunity zone deals, faster? How do you vet third-party asset managers to help you scale your portfolio outside of your primary market?
        • Which lesser-known incentives can be used for opportunity zone deals? How can they be combined to maximize returns? What is the potential of renewable energy to offer developers a competitive and appealing source of capital?
        • What analysis are you applying to operating business investments in secondary and tertiary markets? How are you underwriting these investments in the long term? Which business have the strongest growth potential in secondary and tertiary markets? What risks are you monitoring?
        • What role could universities play in getting projects off the ground? What other types of partnerships have been successful for executing opportunity zone projects outside of core markets?


        • William Ahern, Esq, Partner (Allen Matkins)
        • Andrew Oshay, Principal (Oshay Family Office)
        • David Fong, Partner (RedBridge Capital)
        • Thomas Powell, CEO, Founder (Resolute Capital Partners)
        • Victor Bekhet, Investment Manager (Shenouda Capital Management)

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      1:50 PM
      Commercial Real Estate in Opportunity Zones: How Much Runway Remains?

      • Find out how investors are structuring deals in opportunity zones across multifamily and commercial property types, as well as the macroeconomic and sector-level trends that are informing long-term investment strategies.
        • Which single-family investment opportunities are you targeting? How does growth potential differ in core, secondary and tertiary markets? What do you anticipate to be the impact of FHA’s incentives on affordable housing investment in opportunity zones?
        • What do you consider to be the greatest risks of investing in existing opportunity zones assets? How do those compare to development risks? What are best practices for controlling costs associate with new construction and redevelopment? What kinds of investment plays are offering the best value at this stage in the cycle?
        • How are developers and investors approaching downtown office conversions in QOZs? What are the benefits and risks of including co-working space in opportunity zone developments?


        • Scott Gale, President (Ventus Group)
        • Bradley Hall, Managing Partner (Capital Hall Partners)
        • Joan Kramer, Principal (Mabery Shaw)
        • Matt Burskey, Partner (Cadence Capital Partners)

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      2:35 PM
      How to Set Up A No-Fail Fund

      • The rush to take advantage of opportunity zones has drawn a host of novice players into the space. Find out how to discern between a strong investment and a bad deal by hearing about triumphs and lessons learned from investors across the spectrum of experience and the fund managers who helped them get started.
        • What questions should you be asking your fund manager? What kind of expertise should your fund manager have? How can you ensure your fund manager understands the economic dynamics of the communities in which you invest?
        • What do you consider the greatest challenges and risks in fund administration, and what are you doing to manage them? How do you resolve conflicts of interest among fund investors? What agreements should be in place between the sponsor and the investor to avoid these?
        • Which factors do you include in your market selection process and investment analysis? Have you come across any red flags in your analysis? What do you consider to be the trademarks of a bad deal, and how do you remedy the situation?
        • Does your strategy target single- or multi-asset funds, or both, and how do you plan to adjust this in the next several months? How are you addressing diversification risk in your portfolio structuring?


        • Darin Munson, President (The Phoenix Group)
        • Christopher Gething, Founder and Managing Member (Atherean Wealth Management, LLC)
        • Larry Steinberg, Chief Investment Officer (Financial Architects)
        • Russell Putnam, Manager (FactRight, LLC)

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      3:20 PM
      Networking Break, Courtesy of:

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      3:50 PM
      Quantifying the Impact of Community Revitalization & Economic Development

      • Though favored by many for their tax advantages, at the core of opportunity zones is the mission to revitalize under-resourced communities through increased investment in people and places. Hear what it takes to accomplish this mission, directly from those individuals and organizations actively empowering communities.
        • What strategies have you used to align the interests of communities, developers, public entities and investors? What lessons have you learned in the process? How do you leverage these relationships to mitigate risk?
        • What do you need to know in order to better understand the perspectives of the state and local governments with whom you collaborate?
        • How are you incorporating federal incentives for business growth into your investment strategy?
        • How can you ensure your project will deliver a meaningful economic benefit, and how do you best communicate that among all stakeholders?


        • Robert Whyte, CEO (Whyte & Co.)
        • Alex Bhathal, Founder (RAJ Capital Management)

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      4:35 PM
      Everything You Need to Know to Sidestep Litigation Minefields

      • From a series of case studies, learn how to avoid the less obvious legal pitfalls of opportunity zone deals.
        • What are compliance best practices fund managers? How do fund managers help investors understand these regulations? How are law and accounting firms communicating crucial updates to their clients? What are the most common questions they’re fielding?
        • What do novice investors need to know about opportunity zones?
        • What are the most nebulous opportunity zones legal considerations? What are you doing to navigate uncertainty?



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      5:20 PM
      Networking Reception




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      6:20 PM
      Opportunity Zones West Concludes




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  • Standard Registration - $1,095
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Keynote Speaker

Contact Us

Venue

  • Conference Venue
  • Omni Los Angeles Hotel at California Plaza


    251 South Olive Street
    Los Angeles, CA, 90012
    USA

    Additional Info:

    Please use the link above to make a reservation in our group room block, pending availability, until our cutoff date of Monday, October 28.   IMPORTANT NOTE: IMN has not retained a third party booking company to assist with reservations.  If you are interested in making a reservation at The Omni LA you must make your reservation using the link above.

Speakers


1120 Avenue of the Americas, 6th Floor, New York, NY 10036
Tel: +1(212)901-0506 Fax: +1(212)768-2484
Email: mail@imn.org


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