Detailed Schedule

REITWise 2013


Detailed Schedule
For the On-Site Program, please click here.
Tuesday, March 19
3:00pm – 5:00pm Registration Opens
Wednesday, March 20
7:30am – 6:30pm Registration
7:30am – 6:30pm Networking Room
8:00am – 11:15am Best Financial Practices Council (by invitation only)
11:30am – 1:00pm General Counsel Luncheon (by invitation only)
11:30am – 1:00pm Senior Financial Officer Luncheon (by invitation only)
11:30am – 1:00pm Tax Director Luncheon (by invitation only)
1:15pm – 2:45pm Accounting Committee Meeting*

Co-Chairs:
Steven Broadwater, SVP & CAO, Simon Property Group, Inc.
Ian S. Kaufman, SVP & CAO, Equity Residential
Heidi Roth, SVP, CAO & Controller, Kilroy Realty Corporation

Panelists:
Christopher Drula, VP-Financial Standards, NAREIT
Keri Shea, VP-Finance & Treasurer, AvalonBay Communities, Inc.
George Wilfert, Deputy Director, Sr. Technical Advisor-Office of Research & Analysis, Public Company Accounting Oversight Board
Serena Wolfe, Partner, Ernst & Young
George Yungmann, SVP-Financial Standards, NAREIT

  • PCAOB Update
  • FFO Issues
  • FASB’s Proposals:
    • Transfers and Servicing: Repurchase Agreements and Similar Transactions
    • Accounting for Financial Instruments: Liquidity and Interest Rate Disclosures
    • Disclosure Framework
3:00pm – 4:30pm Government Relations Committee Meeting*

Co-Chairs:
Jeffrey S. Clark, SVP-Tax & JV Accounting, Host Hotels & Resorts, Inc.
Rohn T. Grazer, SVP & Director-Tax, Prologis, Inc.
Brian K. Wood, SVP-Tax, Ventas, Inc.

Panelists:
Julanne Allen, Attorney-Adviser, IRS Office of Chief Counsel
John Cullins, Partner, Ernst & Young LLP
Richard Lipton, Partner, Baker & McKenzie, LLP
Robert Rozen, Partner, Washington Council Ernst & Young
Jonathan Silver, Assistant to the Branch Chief-FIP Branch 2, Internal Revenue Service

  • IRS audits of REITs
  • Speed policy initiatives update
  • IRS REIT developments
  • Final FATCA regulations and REITs
  • Tax reform, sequestration, debt limit and other Washington, D.C. developments
4:30pm – 6:00pm Insurance Committee Meeting*
4:30pm – 5:30pm Important Legislative Updates for CFO’s, General Counsels, and Risk Managers

James Whittle, Associate General Counsel and Chief Claims Counsel, American Insurance Association

  • Terrorism Risk Insurance Act (TRIA)
  • National Flood Insurance Program)
  • Hurricane Sandy Relief
  • Gun Legislation
  • ObamaCare
  • 2013 ADA Standards
5:30pm – 6:00pm D&O Insurance Litigation Trends Affecting Real Estate / NAREIT D&O Program with Arch/Chubb

Melissa Lishner, Director, Crystal & Company
Brian Chiolan, AVP, Arch

Environmental Insurance Litigation Trends Affecting Real Estate / NAREIT CleanREIT Program with Zurich

George Wilson, VP, R-T Specialty
Joe Hollingsworth, Executive Underwriter, Zurich Environmental
4:45pm – 6:00pm State & Local Tax Subcommittee Meeting*

Co-Chairs:
Nabil Andrawis, EVP & Director-Taxation, Lexington Realty Trust
Sam Melehani, Partner, PwC

Panelists:
Jeffrey Glock, Director, SC&H Group, LLC
Rex Hime, President & CEO, California Business Properties Association
Donna Wagner, SVP, Liberty Property Trust

  • General Overview of State Legislative Developments
  • Understanding D.C. Combined Reporting
  • Proposed California Tax Legislation: Political View and Technical Analysis
  • Apportionment Post-Gillette v. FTB: California and Elsewhere
  • Captive REIT Update – the Unintended Consequences
6:00pm – 7:30pm Opening Reception
*Open to all REITWise Registrants
Thursday, March 21
7:30am – 4:00pm Registration
7:30am – 4:00pm Networking Room
8:00am – 9:30am General Session: State of the Capital Markets

Moderator:
Jeffrey Horowitz, Global Head-Real Estate, Gaming & Lodging, Bank of America Merrill Lynch

Panelists:
Joseph Russell, President & CEO, PS Business Parks, Inc.
Mary Hogan-Preusse, Managing Director & Co-Head of Americas Real Estate, APG Asset Management US Inc.
Andrew Sossen, SVP, COO & General Counsel, Starwood Property Trust, Inc.
James Sullivan, Managing Director, Green Street Advisors, Inc.

  • M & A landscape
  • REIT valuations
  • Capital alternatives
  • Investor reception of new property types
9:30am – 9:45am Networking Break
9:45am – 11:00am Concurrent Session 1: SEC and Financial Standards Developments

Moderator:
Gregory Andrews, CFO, Ramco-Gershenson Properties Trust

Panelists:
Andrew Corsini, Partner, KPMG LLP
Mark Denien, SVP & CAO, Duke Realty Corporation
Daniel Lasik, Partner, Ernst & Young LLP
Michael McTiernan, Assistant Director-Division, Corporation Finance, Securities & Exchange Commission

  • Condorsement
  • SEC filing for a real estate acquisition
  • SEC Comment letters
  • Reporting non-GAAP measures
  • Reporting Discounted Operations
9:45am – 11:00am Concurrent Session 2: Tax Planning for REIT Partnerships

Moderator:
Leslie Loffman, Partner, Proskauer Rose LLP

Panelists:
Adam Cohen, VP-Tax, Kimco Realty Corporation
De Anne Dunn, VP-Tax Strategy & Planning, EDENS
Sanford Presant, Chairman-Real Estate Fund Practice Group, Greenberg Traurig, LLP
Steven Schneider, Director, Goulston & Storrs, PC

  • Contributing Property to an OP: Lockups; debt maintenance; indemnifications, and related issues
  • DownREITs: structures and pitfalls
  • Joint Ventures with Operators
  • Pension-Held REITs Investing in JVs: fractions rule issues
9:45am – 11:00am Concurrent Session 3: Public Non-listed REITs

Moderator:
Brian Block, EVP & CFO, American Realty Capital Properties, Inc.

Panelists:
Jason Goode, Partner, Alston & Bird LLP
Thomas Selman, EVP-Regulatory Policy, Financial Industry Regulatory Authority

  • Finalizing FINRA Notice to Members 12-14
  • SEC disclosure policy of per share valuations
  • Liquidity events
  • DOL fiduciary definition
9:45am – 11:00am Concurrent Session 4: Roundtables

Environmental Issues

Discussion Leaders:
James Bowes, General Counsel & Secretary, Liberty Property Trust
David Farer, Chair-Environmental Department, Greenbaum, Rowe, Smith & Davis LLP
Scott Lynn, General Counsel, Ryman Hospitality Properties, Inc.
Robert Masters, SVP, General Counsel & Chief Compliance Officer, Acadia Realty Trust

  • Vapor intrusion
  • Bed bugs
  • Mold, bacteria and other bio hazards
  • Toxins in the workplace


Governance Issues

Discussion Leaders:
Sharon Kroupa, Partner, Venable LLP
Ann McCormick, EVP, Secretary & General Counsel, Home Properties, Inc.

  • ISS’ proposed changes to its voting policies for the 2013 proxy season
  • Risk management by the Board, including enterprise risk
11:00am – 11:15am Networking Break
11:15am – 12:30pm Concurrent Session 1: Selected REIT Tax Issues

Moderator:
Timothy Hall, SVP-Tax, HCP, Inc.

Panelists:
John Gumerson, VP-Corporate Tax, Simon Property Group, Inc.
Dianne Umberger, Principal, Ernst & Young LLP
Lawrence Varellas, Partner-Tax, Deloitte LLP
Pardis Zomorodi, Partner, Latham & Watkins LLP

  • Due diligence readiness
  • Managing foot faults
  • Transfer pricing tips
  • Dealing with the IRS
11:15am – 12:30pm Concurrent Session 2: Using Derivatives in a Post Dodd-Frank World

Moderator:
Robert McCadden, EVP & CFO, Pennsylvania Real Estate Investment Trust

Panelists:
Sally Ingberg, VP-Debt Management, Forest City Enterprises, Inc.
Marti Tirinnanzi, SVP, TeraExchange
Sean Tully, Managing Director-Interest Rate Products, CME Group
Luke Zubrod, Director-Derivatives Regulatory Advisory Services, Chatham Financial

  • Differences between OTC and CME derivatives
  • Benefits and costs of both approaches
11:15am – 12:30pm Concurrent Session 3: Controllers' Corner

Moderator:
Kirk Rogers, Partner, Grant Thornton LLP

Panelists:
Hilda Delgado, Director-Real Estate & Finance, RLJ Lodging Trust
Kenneth Hall, VP & Controller, Home Properties, Inc.
Melissa Solis, VP & CAO, Federal Realty Investment Trust
Paul Westbrook, VP & CAO, Kimco Realty Corporation

  • Speeding up the month-end close
  • Best practices in earnings release supplementals
12:30pm – 12:45pm Networking Break
12:45pm – 2:30pm Lunch General Session: State of the Commercial Real Estate Markets

Keynote Speaker:
Dr. Stuart Gabriel, Professor-Finance & Director-Richard S. Ziman Center for Real Estate, UCLA Anderson School of Management
2:30pm – 2:45pm Networking Break
2:45pm – 4:00pm Concurrent Session 1: Convergence Update

Moderator:
Charles Obert, SVP, CAO & Controller, Forest City Enterprises, Inc.

Panelists:
Christopher Dubrowski, Partner, Deloitte LLP
Kevin Stoklosa, Assistant Director-Technical Activities, Financial Accounting Standards Board
Angela Valdes, CAO, Equity One, Inc.
Thomas Wilkin, Partner, PwC

  • Investment property entities/fair value
  • Investment companies
  • Leases
  • Revenue Recognition
  • Financial instruments
2:45pm – 4:00pm Concurrent Session 2: Tax Accounting Method Issues for REITs

Moderator:
Kathleen Courtis, SVP, General Growth Properties, Inc.

Panelists:
Jeffrey Bilsky, Sr. Director-National Tax Office, BDO USA, LLP
Jeffrey Clark, SVP-Tax & JV Accounting, Host Hotels & Resorts, Inc.
Chuck Kosal, Principal-Strategic Tax Advisory Team, Deloitte Tax LLP
Neal Lewis, SVP-Taxation, Duke Realty Corporation

  • Purchase Price Allocations – Considerations and Planning Opportunities
  • Recent Guidance on Section 1031 Like-Kind Exchange Transactions
  • Income Recognition on Distressed Debt – Alternatives to Market Discount Accrual
  • Tangible Property Tax Regulations
2:45pm – 4:00pm Concurrent Session 3: Mortgage REITs

Moderator:
Stuart Rothstein, CEO, CFO, President, Secretary & Treasurer, Apollo Commercial RE Finance, Inc.

Panelists:
Kenneth Steele, CFO, Hatteras Financial Corp
Darren Tangen, COO & Treasurer, Colony Financial, Inc.
Mark Van Deusen, Partner, Hunton & Williams LLP

  • Mortgage servicing rights PLR opportunities
  • Financing methodologies
  • Foreclosure process
  • Real estate as a business or asset
2:45pm – 4:00pm Concurrent Session 4: Roundtables

Sustainability Issues

Discussion Leaders:
Jeffery Bedell, VP-Sustainability, Macerich
Frank Burt, SVP & General Counsel, Boston Properties, Inc.
Brad Molotsky, EVP & General Counsel, Brandywine Realty Trust

  • Sustainability terminology, and what it means to you and your organization
  • Sustainability data collection, and metrics used in measuring performance
  • Sustainability strategy, management’s viewpoint, and influence of investors/tenants
  • Sustainability reporting


Timber REITs

Discussion Leaders:
Paul Stamnes, VP-Tax, Plum Creek Timber Company, Inc.
Dwayne Tofell, Director-Tax & Insurance, Potlatch Corporation

  • Tax reform and timber tax provisions
  • Recent mineral assets and like kind PLRs
  • Audit issues
  • Recreational leasing of timberlands
Friday, March 22
7:30am – 12:15pm Registration
7:30am – 12:15pm Networking Room
8:00am – 9:15am Breakfast General Session

Speaker:
George Will, Political Columnist
9:15am – 9:30am Networking Break
9:30am – 10:45am Concurrent Session 1: SEC Legal Developments

Moderator:
Edward Schulman, EVP-General Counsel & Secretary, AvalonBay Communities, Inc.

Panelists:
Samantha Gallagher, Partner, Bass, Berry & Sims PLC
Michael McTiernan, Assistant Director-Division of Corporation Finance, Securities and Exchange Commission
Ettore Santucci, Partner, Goodwin Procter LLP
David Slotkin, Partner, Morrison & Foerster LLP

  • JOBS Act issues
  • Conflict minerals
  • SEC Rule and national exchanges rules on compensation committees
9:30am – 10:45am Concurrent Session 2: State and Local Taxes

Moderator:
Cara Martin

Panelists:
Christine Fiorito, VP-Tax, Equity Residential
Sean Kanousis, Partner, PwC
Olivier Kolpin, VP-Tax, Sunstone Hotel Investors, Inc.
Brian Pomis, Sr. Manager-State & Local Taxes, Grant Thornton LLP

  • Due Diligence issues
  • State Tax Audits
  • Planning Ideas
9:30am – 10:45am Concurrent Session 3: Roundtables

Lodging REITs

Discussion Leaders:
Pia Ackerman, SVP-Tax, Ashford Hospitality Trust
Andrew Dittamo, VP & Controller, Pebblebrook Hotel Trust

  • Consolidation prospects
  • Impact of deficit reduction
  • Hotel room security


PCAOB Update

Discussion Leaders:
Thomas Gerth, Partner, KPMG LLP
Jeffery Walraven, Assurance Partner, BDO USA, LLP

  • Impact of registrants of the PCAOB’s review of the registrant’s audits
10:45am – 11:00am Networking Break
11:00am – 12:15pm General Session: REIT M & A

Moderator:
David Bonser, Partner & Co-Head-Equity & US Domestic Debt Capital Markets & Governance, Hogan Lovells US LLP

Panelists:
James Barkley, Secretary & General Counsel, Simon Property Group, Inc.
Thomas Olinger, CFO, Prologis, Inc.
John Rayis, Partner, Skadden, Arps, Slate, Meagher & Flom LLP

  • Structuring and negotiating deals
  • Lessons learned
  • Addressing social issues
  • Specialized tax issues
12:15pm Program Concludes

IN EVENTS