Real Estate Opportunity & Private Fund Forum
Newport, RI
June 19 - 21, 2019

Description

IMN is delighted to announce that our 20th Annual US Real Estate Opportunity & Private Fund Investing Forum will be returning this year, June 19-21, to the beautiful location of Newport, Rhode Island.  The largest real estate private equity funds, LPs and a broad swath of their service providers will once again be on hand to dig into the latest challenges and opportunities facing the CRE market, with panels on fund structuring, macro-economic drivers, disposition trends, regulatory and tax considerations, technology updates and so much more.  Please keep the website bookmarked as we announce the program in the coming weeks.

As well as benefitting from the cutting-edge educational opportunities the conference offers year in, year out, in 2019 summit attendees will enjoy a plethora of networking options.  Newport’s bustling harbor, replete with waterfront dining, as well as daily scheduled activities such as sailing excursions and clambakes will be on offer so conference participants and their families can fully immerse themselves in the culture and ambience of this idyllic summer retreat.  What better way to build and bolster industry relationships and forge the partnerships for the next chapter in your business’s growth.

We look forward to hosting you and the CRE community at what we anticipate will be the most talked about real estate conference this summer.

Who Should Attend
  • Asset Managers
  • Developers
  • Funds
  • LPs
  • Service Providers
  • Special Servicers

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Agenda

    Wednesday, June 19th, 2019

      2:00 PM
      Registration Opens for Wednesday Afternoon Sail on the Aurora and Aquidneck:

      • See departure times from the hotel below (walk to boat or transportation will provided from registration area at the hotel); 3:00pm to 5:00pm Sail *Space on the Aurora and Aquidneck is limited. To reserve a spot, RSVP to Maggie.Donlon@imn.org*

      2:45 PM
      Wednesday Afternoon Sail on the Aurora and the Aquidneck - RSVP ONLY

      • Enjoy a memorable sail on scenic Narragansett Bay. The Aurora is a 101’ traditional wooden schooner, originally built in 1947 in Thomaston, Maine. She was rebuilt in the early 1990’s in a tall ship fashion. At eighty feet in length and with a beam of seventeen feet, the Schooner Aquidneck is one of the largest day sail schooners in New England.  There are comfortable seating areas and there is plenty of space for food and drink. There is a tremendous amount of open deck space for guests to move about with ease. Aurora – 2:45pm departure from the hotel to a dock that is walking distance from the hotel (please be ready by 2:40pm if you are walking over with the group); 3:00pm – 5:00pm Sail Aquidneck – 2:40 departure from hotel (please be ready at 2:30pm – IMN will provide transportation); 3:00pm – 5:00pm Sail *Space on the Aurora and Aquidneck is limited. To reserve a spot, RSVP to Maggie.Donlon@imn.org 

      5:15 PM
      Registration Opens for Welcome Cocktail Reception


      5:45 PM
      IMN's Welcome Cocktail Reception


    Thursday, June 20th, 2019

      7:15 AM
      Registration and Breakfast for Small Group Meeting


      7:30 AM
      Small-to-Mid Sized/ Friends and Family to Institutional

      • (Small Group Meeting-Funds Only)
        This intimate discussion for property owners only will focus on the hurdles and restrictions that come along with making this potentially monumental jump
        • James Harper , Managing Partner (Calibogue Capital)
        • Kathleen Kusiak , Managing Partner (Alta Properties LLC)

      8:00 AM
      Registration and Breakfast for Main Conference: Exhibition Opens

      •           

      8:15 AM
      The Real Estate Economy

      • • Demographics: The latest developments
        • Impact of populist movement and Trumpism on the economy and real estate
        • How are you factoring in the increasing propensity of disasters and climate change into your models?
        • Which technology changers are future game changers?
        • Industrial: How much growth left?  
        • And the last downturn started in South Florida condos…
        • Cap and interest rate projections
        • What stage of the cycle are different primary, secondary and tertiary markets in?
        • Looking longer term: What are your concerns?
        • Russell Appel , President (Praedium Group, LLC)
        • Howard Fields , Senior Vice President (Inland Institutional Capital LLC)
        • Paul Hughson , Executive Managing Director (Island Capital Group)
        • Christopher Hartung , Director (Lazard Asset Management)
        • Robin Potts , Co-Head of Real Estate Investments, Director of Acquisitions (Canyon Partners Real Estate LLC)

      9:00 AM
      State of the Fund Industry: Should Target Returns Change In Today's Tight Market?

      • This plenary will debate some of the most recent developments impacting the real estate private fund industry including
        • Which of the newest fund structures are you using?
        • Opportunity zone investment: Are your clients interested? How are you working with them?
        • New fund developments: General or targeted? Equity or debt?
        • Changes in fees and promotes
        • Mergers, sales, stakes sales and other entity-level developments
        • Investor recruiting and fundraising
        • Investor relations and reporting
        • Block chain and tokens: A future in the fund industry?
        • Working with buyers/sellers of interests
        • Smaller focused funds by large firms: Blip or trend?
        • Ronald Kaplan CPA, National Lead, Commercial Real Estate Practice (CohnReznick LLP)
        • Kenny Moon , Director (Almanac Realty Investors, LLC)
        • Chris Klare , Senior Vice President-Client Capital (Blue Vista Capital Management, LLC)
        • Sean Dalfen , President & CIO (Dalfen Industrial)
        • David Pahl , Managing Principal (GTIS Partners)
        • Howard Fife , Principal (Westport Capital Partners, LLC)

      9:45 AM
      Large Fund Investment Panel: Where Are The New Opportunities In This Maturing Cycle?

      • This plenary will focus on how some of the largest funds are investing or not investing their dry powder including…
        • Large vs. small projects, Ground up vs. value add-Where are the risk adjusted returns?
        • Can you make green in green?
        • I look at a distressed retail property and see…
        • Buy, Hold or Sell: What are you doing with your large class “A” properties?
        • Asset type in the most demand
        • Favorite urban market? Secondary market? Seasonal market?
        • Are you looking at diversifying into real estate venture capital?
        • Industrial: Will the winning streak continue? Retail-not dead yet?
        • Migration plays
        • Managing cycle risk
        • Kenneth Weissenberg , Partner (EisnerAmper LLP)
        • Warren de Haan , Head of Originations (ACORE Capital)
        • Stephen Chase , Managing Director (AmCap Inc.)
        • Gary Jaye , Senior Managing Director (CBRE Global Investors)
        • Doug Faron , Vice President, Investments (CIM Group)

      10:30 AM
      Networking Break Courtesy of:

      •                                                                

      Track A 11:05 AM
      Opportunity Zones: Update As Of June 19

      • • Fundraising: Going as projected? What are the surprises?
        • What changes are on the horizon?
        • Funding and hold periods
        • Structuring and fund administration
        • Which legal complexities need further regulatory guidance
        • Financing available: Terms and structures
        • Finding the right market
        • Risk mitigation
        • Tax stuff you need to know
        • Comparing 1031 exchanges
        • Troy Merkel , Partner (RSM US LLP)
        • Brian Newman , Partner, Tax (CohnReznick LLP)
        • Kenneth Weissenberg , Partner (EisnerAmper LLP)
        • Brett Johnson , Co-Chairman (Fortuitous Partners)
        • Bradford R. Lenox , Partner (Morris, Manning & Martin, LLP)
        • Jeff Drinkwater , VP (NES Financial)
        • Stefan Pryor , Secretary of Commerce (State of Rhode Island)

      Track B 11:05 AM
      Valuation, Purchasing Distressed and Non-Distressed Assets At A Discount & Navigating The Buy/Sell Gap

      • • Impact of rise on replacement cost
        • Justifying buying in a frothy market
        • Local new supply growth considerations
        • Value-added valuation
        • What do you see as less toppy on a comparative basis?
        • Interest/valuation relationship-Is it changing?
        • Looking at tertiary markets
        • Creating value
        • Impact of occupancy and quality of leases
        • Effect of having co-working, co-living and other short-term tenants
        • Using big data to assist in your decision making
        • Brian Waldman , SVP (Peachtree Hotel Group)
        • Gabriel Pozo , Principal (Advalurem Group)
        • Doug Faron , Vice President, Investments (CIM Group)
        • Remy Raisner , Founder & CEO (Proteus Capital Management)
        • Robert Lindner , Managing Principal (Integrated Capital Management)

      Track C 11:05 AM
      Multifamily: Can The Price Appreciation Continue?

      • • Can you afford to do affordable and work force housing? Do the available credits go far enough?
        • Are condos overbuilt again?
        • Politics and rent regulation
        • B&C locations and assets vs. Class “A”
        • Freddie and Fannie developments
        • New construction-Is there still time?
        • The asset management side of things
        • Financing: Late cycle supply/pricing dynamics
        • Acquisitions, dispositions and valuations
        • Paul Foye , Industry Strategies (Marsh)
        • Donald Bernards , Partner (Baker Tilly Virchow Krause, LLP)
        • Elie Rieder , CEO and Founder (Castle Lanterra Properties)
        • Richard Kulick , Chief Investment Officer (Gamma Real Estate)
        • Jason Danley , COO (Peak Capital Partners)

      Track A 12:00 PM
      Fundraising Strategies for Small & Medium-Sized Funds In An Environment Where Returns & Volume Are Going South

      • • Are you doing more sidecar deals? When should you go deal-by-deal vs. fund
        • Strategy: generalist vs. pea shooter? Identifying your unique message for competing against the big guys…  How are you communicating this strategy?
        • Fundraising for opportunity zones
        • What should you look for in a lead investor?
        • Should I give easier terms to get more clients?
        • Fund of funds, placement agent and consultant uses
        • Where are you seeing more action? Keys to having success with family offices, high-net-worth vs. institutional investors vs. international
        • Why firms don’t meet fundraising expectations
        • It’s closing time…
        • The rest of 2019 How does fundraising look?
        • Ron Rossi , VP, Business Development (IMS CRE)
        • Chris Moss , Principal (CliftonLarsonAllen LLP)
        • Jon Dishell , Chief Business Development Officer (Gemini Rosemont)
        • Mo Saraiya , Principal (GCM Grosvenor)
        • Brett Moore Jr., Partner (RDG Funds)
        • Leland Peyser , CEO (Peyser Real Estate Group)

      Track B 12:00 PM
      Fund Administration, Investor Reporting & Transparency

      • • How much should you outsource?
        • What kind of administration does your investors want?
        • Ensuring compliance with the SEC and IRS reporting requirements
        • Administrative challenges for non-traditional funds
        • Tracking fund performance
        • Special op zone considerations
        • What are the newest bells and whistles investors are looking for? What should they look for?
        • What do you look at in the reports? What do the reports glaringly miss?
        • Risk management
        • Scott Tavolacci , Northeast Regional Director (Yardi Investment Management)
        • Michael C. Dombai , Managing Director (Cortland Part of Alter Domus Group)
        • Howard Fields , Senior Vice President (Inland Institutional Capital LLC)
        • Kevin Dowling , Strategic Account Director (Juniper Square)
        • Michael Richards , SVP, Fund Administration (NES Financial)
        • Ned Montenecourt , SVP Chief Risk Officer & CCO (Phoenix American Financial Services)

      Track C 12:00 PM
      Class B & C Opportunities

      • • Secondary cities vs. large city suburban
        • Inner suburbs: Is there value?
        • Densification & urbanization of the suburbs: What are the key essentials? How long does it take to get all the parts together?
        • Taking a “B” and making it an “A”: Isn’t everyone going value-added?
        • Which asset type would you consider to as the best “B” or “C” performer
        • Chris Nebenzahl , Institutional Research Manager (Yardi Matrix)
        • Doug Root , Co-Founder/Managing Partner (Blackfin Real Estate Investors)
        • Raymond Gong , Senior Vice President (Oaktree Capital Management)
        • Guy Holbrook , Principal (Tidegate Capital)
        • Joshua Minix , Managing Director - Mountain West Acquisitions (InvestRes)

      Track A 12:45 PM
      Atypical Fund Structures

      • Evergreen Funds, Seed Funding, Entity-Level Structures, Sidecar, GP Funds, Sponsor Capital, Private REITs, Non-Traded REITs, target asset fund, Open-ended, Longer-dated and be-spoke funds  are some of the options out there and this panel will focus on why funds might use these instead of the usual structures and the ramifications of this use
        • Maureen Blair , Partner (EisnerAmper LLP)
        • David Palame , Managing Director & Deputy General Counsel (Colony Capital)
        • Rishi Gupta , Managing Director (Eagle Rock Advisors LLC)
        • Michael Klein , Principal & CEO (Freedom Financial Funds, LLC)
        • Robert Lindner , Managing Principal (Integrated Capital Management)
        • Umer Malik , Associate Director (SS&C)

      Track B 12:45 PM
      Deal-by-Deal Vs. Funds Vs. Joint Venture Deal and Other Alternative Equity Sources

      • • Why do you choose to raise funds deal-by-deal? Are you building up a record to eventually raise a fund or you do you feel a fund doesn’t merit the time needed and fundraising administration cost?
        • What kind of real estate would you put in your fund? A one-off?
        • Developer equity capital stakes
        • Working with large institutional investors
        • Cost and structure of equity
        • Crowd funding PE 
        • JV structuring best practices
        • Ed Kindelan , MP New England Offices (CohnReznick LLP)
        • David Schwartz , Principal (Avance Capital)
        • Brad Howe , Co-Chief Executive Officer (Broadshore Capital Partners)
        • Nilesh Bubna , Founding Partner & CFO (Longpoint Realty Partners)
        • Andrew Lucas , Director of Capital Markets (Trion Properties)

      Track C 12:45 PM
      Regulatory/Tax Issues: What Are The Realized Effects Of The New Tax Laws?

      • • The latest opportunity zone developments
        • Minimizing tax leakages for foreign investors
        • Do you need to register with the SEC? What should you do if SEC eligible?
        • Use of affiliates and multiple funds
        • Expense allocation and custody
        • Ethics code and market performance communication
        • Compliance best practices on emerging issues
        • Regulatory filings: Where are entities tripped up?
        • “S’ corporation developments
        • Carried interest update
        • Ned Montenecourt , SVP Chief Risk Officer & CCO (Phoenix American Financial Services)
        • James Munuhe , Partner (Baker Tilly Virchow Krause, LLP)
        • Larry Block , Managing Director, Counsel and Chief Compliance Officer (C-III Capital Partners LLC)
        • Raymond Gong , Senior Vice President (Oaktree Capital Management)
        • Todd A Walter , Executive VP & General Counsel (Rockbridge)

      1:30 PM
      Luncheon


      Track A 2:30 PM
      Co-Living & Co-Working & Airbnb: Will They Continue Upending Your Traditional Office, Hotel and Multifamily Investment Philosophy?

      • • Co-working/Co-Living financial arrangements
        • Filling vacancies vs. recruiting as tenants early on
        • Impact of having short firms on your valuation? Tenant mix
        • Are these disrupters becoming a component of your deals?
        • Local regulatory developments hindering business: Where are they spreading to?
        • Investing in the sectors
        • Brandon Huffman , Managing Principal (Rubenstein Partners)
        • Benjie Moll , Founder & Managing Principal (Arx Urban)
        • James Masciello , Principal & Portfolio Manager (Raven Capital Management / X Social Communities)
        • Todd Grasinger , Managing Director, Real Estate (Sonder)
        • Greg Kraut , Managing Partner (K Property Group "KPG")

      Track B 2:30 PM
      Construction/Transitional/Bridge Financing

      • • Financing conversion vs. ground up
        • Evaluating risk profile of project
        • Construction mezz/preferred equity
        • Banks hitting up against regulatory limits: Alternative lenders in the space
        • The pluses and minuses of using debt brokers
        • How do you look at builder experience/different asset types/locations/building quality
        • Secondary market for loans
        • Using tax-exempt incentives
        • Renovation/conversion terms
        • EB-5 US regulations and Chinese usage update
        • David Eyzenberg , President (Eyzenberg & Company)
        • Jacob Feingold , VP, Investments (Canyon Partners Real Estate)
        • Billy Meyer , Managing Director of Real Estate Lending (Columbia Pacific Advisors)
        • John Lippmann , Senior Director (New York Life Real Estate Investors)
        • Scott Whittle , Director, Finance (Rubenstein Partners)
        • Ward Ebbert , Head of Institutional Real Estate (SunTrust Bank)

      Track C 2:30 PM
      Evaluating Your Toolbox For Maximizing Your Buildings Value & Squeezing More NOI: Asset/Property Management, Ground, Leases, Air Rights, Retail Condos

      • As buildings continue to get more and more expensive you need to find ways to increase your cash flow to make them pencil out.  This discussion will focus on…
        • Using tech to drive results
        • Management fees, concessions and finding new tenants vs. keeping the old one
        • Cap-X Strategy:  Spend now or later?
        • Allocator vs. fund manager approaches
        • Maintenance and maintenance technology
        • Developing operating and capital budgets
        • Centralized vs. decentralized management
        • How much can you make from antennas? Solar? Signage?
        • Parsing ownership
        • Building ancillary structures in an urban or non-urban market
        • Maximizing parking space in an Uber world
        • What should secondary and suburban markets do?
        • Pete Kutzer , Managing Partner (Edgewood Realty Partners, LLC)
        • Kristen Thomasino , VP, Real Estate Solutions (AvidXchange)
        • Jon Dishell , Chief Business Development Officer (Gemini Rosemont)
        • Marie Murphy , Principal and CEO (MJD Capital Partners)
        • Jonathan Brundige , Chief of Portfolio Management (Waypoint Residential, LLC)

      Track A 3:15 PM
      Finding Deal Flow, Acquisitions & Acquisition Due Diligence

      • • Acquisition strategy today-What are the factors?
        • Due diligence: What are you looking at now that you didn’t 2 years ago? How are you doing effective due diligence as time gets squeezed to almost nothing?
        • New market due diligence
        • Dispositions, sales and pricing
        • Acquisition financing available
        • Asset- and location-specific issues
        • Land acquisitions
        • Buying and selling of building interest
        • Stabilized or unstabilized?
        • What delays/kills the deals in the investment committee
        • Matt Bear , Founder (Bear Real Estate Advisors)
        • Shravan Parsi , CEO & Principal (American Ventures LLC)
        • Sara Doelger , Principal (Argosy Real Estate Partners)
        • Ryan Levy , Principal (Klaff Realty)
        • Ryan McDonough , Principal - Acquisitions (Marcus Partners)
        • David Blackman , Executive Vice President (The RMR Group)

      Track B 3:15 PM
      Justifying Construction & Development This Late In The Cycle To Your Investors

      • • Who are the most construction-friendly LPs? Least?
        • How do you convince LPs to go this way? What criteria do they look for?
        • Evaluating the construction lending market
        • Construction time frame you are looking at?
        • Evaluating local market conditions
        • New construction and O-Zones
        • Construction vs. renovation
        • Getting around financial hiccups
        • Exit strategy
        • Shally Hu , Head of Acquisitions (ARON Asset Management)
        • Michael Zysman , Managing Principal (City Bay Capital LLC)
        • Jay Hart , Managing Partner (CrossHarbor Capital Partners, LLC)
        • Greg Kraut , Managing Partner (K Property Group "KPG")
        • Christopher Munsell , Managing Director (Prodigy Network)

      Track C 3:15 PM
      Real Estate Disrupters 2020: The Future Culprits?

      • • Politics, demographics or economy?
        • What are you seeing on the tech side that others aren’t?
        • Will today’s disrupters continue to disrupt?
        • State-level time bombs: Are they ready to explode?
        • The international arena
        • Sunrise and sunset industries
        • Where will over-supply really cause trouble?
        • The next sharing play? How will it impact real estate?
        • Driverless cars: Onslaught or trickle?
        • Opportunity zones: Will the mania quiet down by 2020?
        • Blockchain/Tokenization start-up world and what that means for traditional investing
        • Kenneth Brown , Managing Partner (Lionchase Holdings, Inc.)
        • Andrew Jewett , Co-Founder (Aperture Real Estate Ventures)
        • David Kaufman , President & Chief Investment Officer (Colony Hills Capital, LLC)
        • Alex Suarez , Chairman & CEO (Family Office Partners, Inc.)
        • Brad Lyons , Managing Director (Stabilis Capital Management, LP)

      4:00 PM
      Networking Break Courtesy of:

      •                                                                

      Track A 4:25 PM
      Senior Lending Trends & Deal Terms

      • • What’s available
        • Closing time frame
        • Floating vs. fixed: What are you recommending for clients? 
        • Property sweet spots
        • The stretch senior market
        • Risk management and loan underwriting: What kind of changes are you reviewing?
        • What do you look for in a borrower?
        • Secondary and tertiary markets: Do you play?
        • Stefanos Arethas , Director (Credit Suisse)
        • Catherine Chen , Managing Director (Apollo Global Management)
        • Kevin Swartz , Managing Director (Colony Capital)
        • Steve Cohen , Executive Vice President (IBERIABANK)
        • Matt DeAtley , VP, Real Estate (Oaktree Capital Management, L.P.)
        • Dan Hartman , Managing Director (Terra Captial)

      Track B 4:25 PM
      Accessing & Structuring Foreign Capital: Are The High Flows Continuing Or Starting To Slow Down?

      • • What are the latest structures out there to minimize taxes?
        • Offshore sourcing of debt
        • China: Is the big guerilla becoming more of a spider monkey?
        • Sovereign capital
        • What sectors are foreigners looking at
        • The extension of the EB-5 program: What does that mean?
        • Are foreigners starting to consider secondary cities?
        • Douglas Lee , Managing Director (Brightstone Capital Partners)
        • Kamil Homsi , Founder/CEO (Global Realty Capital LLC)
        • Thomas Wiese , Senior Managing Director (Lombard International)
        • Remy Raisner , Founder & CEO (Proteus Capital Management)
        • Anastasia Williams , Head of Private Equity-Americas (TMF Group)

      Track C 4:25 PM
      Opportunistic vs. Value-Added vs. Core vs. Debt

      • Some of the factors this debate will discuss include
        • What kind of deals are out there?
        • Valuations and financing out there
        • How much growth do we still have?
        • Market- and asset-specific conditions
        • External factors to consider
        • Definitions, oxymorons & drifting style nomenclature Construction: Austin Carlson, Managing Director Parkview Financial
        Opportunistic: Michael Halperin, Senior Vice President Contrarian Capital Management, LLC
        Value Added: Brad Takala, Principal Griffith Properties LLC
        Core/ Core+: Glenn Mueller, Real Estate Investment Strategist, Managing Director Black Creek Group
        Debt: Matthew Klein, Vice President Cross Harbor Capital
        • Christopher Winnen , Managing Principal, Real Estate Equity (Allstate Investments)
        • Austin Carlson , Managing Director (Parkview Financial)
        • Michael Halperin , SVP (Contrarian Capital Management, LLC)
        • Brad Takala , Principal (Griffith Properties)
        • Matthew Klein , Vice President (Cross Harbor Capital)
        • Steven Gesis , Executive Vice President (Smartland)

      Track A 5:10 PM
      Joint Venture Shark Tank

      • Deal terms, waterfalls and cost overruns will dominate the conversation as we discuss joint venture from both the operator and equity provider perspective.  The Tank Leader: 
        David Valger, President, DVO Real Estate

        The Fund Capital Providers: 
        Michael May, President, Silverstein Capital Partners
        Henry Manoucheri, Chairman & CEO, Universe Holdings Operating Partners: 
        Shravan Parsi, CEO & Principal, American Ventures LLC
        • David Valger , President (DVO Real Estate)
        • Michael May , President (Silverstein Capital Partners)
        • Henry Manoucheri , Chairman & CEO (Universe Holdings)
        • Shravan Parsi , CEO & Principal (American Ventures LLC)
        • Blake Whitney Thompson , Managing Director (Black Orchid Equity, LLC)
        • Gabriel Pozo , Principal (Advalurem Group)

      Track B 5:10 PM
      Family Office: What Are You Looking For In This Cycle?

      • • Asset and real estate allocation
        • Fees, promotes and fund structures to look at
        • What are the preferred method(s) for an investor to get into your door?
        • Direct ownership and joint venture strategy
        • What do you think of opportunity zones?
        • Tax planning
        • Are you playing in the debt market? Private equity for real estate?
        • James Solomon , Principal & CIO (Ravinia Capital Group)
        • Jonathan D. Moy , Managing Director (Cathexis)
        • Ronald Birnbaum , Financial Advisor (Creative Wealth Advisors, LLC)
        • Irwin Boris , COO (Heritage Capital Group)
        • Dan Farrell , Chairman & CEO (Privos Capital)
        • Raphael Sidelsky , Chief Investment Officer-Real Estate (w5)

      5:55 PM
      Summer Clambake Courtesy of:


      8:00 PM
      Day Two of the 20th Annual US Real Estate Opportunity & Private Funds Investing Forum Concludes


    Friday, June 21st, 2019

      7:30 AM
      Registration for Women's Closed Door Breakfast Roundtable


      7:45 AM
      Women's Closed Door Breakfast Roundtable

      • Come and share the trials, tribulations and invaluable insights into how to advance in this very competitive and male-dominated industry. This interactive conversation with attendees as active participants in the discussion will share insights and experiences helping all that attend.
        • Kathleen Kusiak , Managing Partner (Alta Properties LLC)
        • Heather Boelens , Partner (BRYAN CAVE LEIGHTON PAISNER LLP)
        • Marie Murphy , Principal and CEO (MJD Capital Partners)

      8:00 AM
      Registration and Breakfast for Main Conference

      •           

      Track A 8:45 AM
      Repositioning/Adaptive Reuse, Historic Districts & Managing Real Estate in Gentrifying & Emerging Markets

      • • Finding and making the deals pencil
        • Amount of institutional money coming into the area: Is it a good thing? 
        • What does it take to do an office/loft conversion?
        • O-zones + tax credits
        • Do you keep as a one-off or in your general fund?
        • Political opposition: What you can do to sway the community before the issue comes to a head
        • Bohdy Hedgcock , Senior Vice President (Clarion Partners)
        • Sondra Wenger , Managing Director (CIM Group)
        • Eric Newman , Treasury Manager (City of Stamford)
        • Toby Moskovits , Founder & CEO (Heritage Equity Partners)
        • Jesse Saglio , President, Rhode Island Commerce Corporation (Rhode Island Commerce Corporation)

      Track B 8:45 AM
      LP Panel: Funds vs. Direct vs. Separate Account/Club Deal

      • • What do you think of longer-dated and bespoke funds? Other new structures
        • Fees you are willing to absorb
        • Why go to an alternative fund structure?
        • Would you provide GP capital?
        • Why do a sidecar vs. traditional fund deal?
        • Roy Schneiderman , Principal (Bard Consulting LLC)
        • Chris DeMeo , Strategic Client Solutions - Head of Americas (Aberdeen Standard Investments)
        • Jordan Bem , Principal (Arizona Investissements)
        • Joseph A. Wilhelm III, Trustee (Hampshire County (MA) Retirement System)
        • W. Colin Walker , SVP & Private Client Advisor (U.S. Trust)
        • Brandon Laughren , Chief Investment Officer (The Laughren Group)

      Track A 9:30 AM
      Mezz vs. Preferred Equity: Where Should You Invest In The Capital Stack & Why?

      • • Risk/return targets and comparisons
        • Advantages and disadvantages of owning vs. lending
        • Loan to own strategies
        • Target leverage
        • Terms and conditions: What’s negotiable? What’s not?
        • Different investors, different preferences
        • Considering property type
        • Intercreditor and mezz debt agreement: Latest clauses
        • Henry Manoucheri , Chairman & CEO (Universe Holdings)
        • Fred Kurz , CEO (Peaceable Street Capital)
        • Philip Wharton , Chief Investment Officer (Twining Properties)
        • Steven Coury , Partner (White and Williams LLP)
        • Dan Hartman , Managing Director (Terra Captial)

      Track B 9:30 AM
      New Emerging Firms: Setting Up Your Infrastructure

      • • How much in assets does a fund need to make economic sense?
        • What kind of history do you need to make it work?
        • Reporting and transparency needed
        • Finding institutional investors
        • Branching out on your own
        • Start up cost: How much time and money
        • Entity structuring options
        • What should you look for in an accountant and lawyer?
        • Fund administration set up
        • GP fund structures and other J curve solutions  
        • Jeffrey Bowden , Tax Principal (Anchin, Block & Anchin LLP)
        • Douglas Lee , Managing Director (Brightstone Capital Partners)
        • Alon Gorbonos , Managing Partner (D.T.I Holdings, LLC)
        • Ryan Reyes , Director of Acquisitions (Stoneweg U.S.)
        • Toby Moskovits , Founder & CEO (Heritage Equity Partners)

      10:15 AM
      Networking Break Courtesy of:

      •                                                                

      10:30 AM
      Recession: Resistant Asset Classes/Locations/Strategies This Time Around

      • • Looking at past recessions and what held up
        • Blue collar vs. affluent strategies
        • How does low income housing hold up?
        • Oil patch vs. tech cities vs. manufacturing towns and all in-between
        • Where’s the cash flow?
        • Financing terms and leverage
        • Looking at leases and tenant credit 
        • Jesse Fahy , Manager-Venture Capital (Preqin)
        • Jarret Cohen , Managing Partner & Founder (Jadian Capital)
        • Evan Pickering , Vice President (Paladin Realty Partners)
        • Arne Arnesen , Senior Managing Director (Rockwood Capital, LLC)
        • Lee Grosse , Vice President (TMF Group)
        • Jonathan Brundige , Chief of Portfolio Management (Waypoint Residential, LLC)

      11:25 AM
      LP/GP Shark Tank

      • GPs will present to LPs their fund strategy and terms.  LPs will discuss if they are willing to invest and negotiate their terms, fees, carries, most favored nation clauses, splits and hurdles. The Tank Leader- Mike McCabe, Head of Business Development-Americas MUFG Investor Services
        The LPs: will consider investing in the funds
        John Girard, Trustee Boca Raton Police & Fire Retirement Fund;
        Adam Frankel, Trustee City of Delray General Employees Retirement Fund;
        Frank Caprio, Former Treasurer State of Rhode Island
        The GPs: will choose among these fund types
        Eric Golubitsky, Vice President-Institutional Capital Raise Smartland;
        Louis Harrison, COO, Belveron Partners
        • Mike McCabe , Global Head of Sales, Product, and Marketing (MUFG Investor Services)
        • John D. Girard , Trustee & Secretary (Boca Raton Police & Firefighters Retirement)
        • Adam Frankel , Trustee - City Commissioner (Delray Beach General Employees)
        • Frank Caprio , Former State Treasurer of RI & Chair RI State Investment Commission (Treasury - RI)
        • Eric Golubitsky , Institutional Capital Raise (Smartland)
        • Louis A. Harrison , COO (Belveron Partners)

      12:20 PM
      The 20th Annual US Real Estate Opportunity & Private Funds Investing Forum Concludes


Sponsors

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This is a <u>past</u> conference, no registration is available.

Contact Us

Venue

  • Conference Venue
  • Gurney's Newport Resort & Marina


    1 Goat Island
    Newport, RI, 02840
    USA

    Additional Info:

    Please use the link above to book a room in IMN's room block, pending availability, until our cutoff date of Wednesday, May 29. Alternatively, please call the resort at 833-235-7500 and request a room in the IMN block. 
      IMPORTANT NOTE: IMN has not retained any third party booking company to assist with reservations. If you are interested in making reservations at Gurney's Newport, you must book those rooms directly with the venue. 
  • Suggested Hotel
  • Newport Marriott


    25 America's Cup Ave
    Newport, RI, 2840
    USA

    Additional Info: Please note that IMN does not have a contracted room block at this hotel and cannot guarantee rate or availability.
  • Suggested Hotel
  • The Hotel Viking


    One Belleve Avenue
    Newport, RI, 2840
    USA

    Additional Info: Please note that IMN does not have a contracted room block at this hotel and cannot guarantee rate or availability.
  • Suggested Hotel
  • The Grace Vanderbilt


    41 Mary Street
    Newport, RI, 02840
    USA

    Additional Info: Please note that IMN does not have a contracted room block at this hotel and cannot guarantee rate or availability.
  • Suggested Hotel
  • America's Cup Inn


    6 Mary Street
    Newport, RI, 02840
    USA

    Additional Info: Please note that IMN does not have a contracted room block at this hotel and cannot guarantee rate or availability.
  • Suggested Hotel
  • Forty One North


    351 Thames Street
    Newport, RI, 02840
    USA

    Additional Info: Please note that IMN does not have a contracted room block at this hotel and cannot guarantee rate or availability.
  • Suggested Hotel
  • The Newport Harbor Hotel & Marina


    49 Americas Cup Avenue
    Newport, RI, 02840
    USA

    Additional Info: Please note: IMN does not have a contracted block of rooms at this hotel and cannot guarantee rate or availability.

Speakers

Content/Audio Files

  • <span style="color: #888; font-size: 0.8em;">Only sessions that contain published presentations or audio files are shown here. To view full agenda please expand "Agenda" tab. <br/> <br/> Also please do not forget that if you are playing audio files on the mobile device (without being connected to WiFi), your Mobile/Cellural Internet data will be spent to play these audio files. </span>
  • Wednesday, June 19th, 2019
  • Thursday, June 20th, 2019
  • Friday, June 21st, 2019

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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