|
| Detailed Schedule |
| Tuesday, March 20 |
| 3:00pm - 5:00pm |
Registration Opens |
|
| Wednesday, March 21 |
| 7:30am - 6:30pm |
Registration |
| 7:30am - 6:30pm |
Networking Room / Internet Cafe |
| 8:00am - 11:15am |
Best Financial Practices Council (by invitation) |
| 11:30am - 1:00pm |
General Counsel Luncheon (by invitation) |
| 11:30am - 1:00pm |
Senior Financial Officer Luncheon (by invitation) |
| 11:30am - 1:00pm |
Tax Directors Luncheon (by invitation) |
| 1:15pm - 2:45pm |
Accounting Committee Meeting*
Moderator
Steven Broadwater,
SVP & CAO, Simon Property Group, Inc.
Panelists
Andrew Corsini, Partner, KPMG LLP
Louis DeFalco, Sr. Manager, PwC
Ross Prindle, Managing
Director, Duff & Phelps
Patrick Scheibel, Sr. Manager, Deloitte LLP
Serena Wolfe, Partner, Ernst & Young LLP
- Review of recent
real estate transactions and valuation practices
- Impact of pending legislation of financial reporting
- Revenue Recognition Project
- FFO reporting at 2011 year end
- Financial Instruments
Projects
|
| 3:00pm - 4:30pm |
Government Relations Committee Meeting*
Moderator
Rohn
Grazer, SVP & Director-Tax, Prologis, Inc.
Panelists
Jeffrey Clark, SVP-Tax, Host Hotels & Resorts, Inc.
Adam Handler, Principal, PwC
David Richardson, Managing Director, KPMG LLP
Daniel Tucker, VP-Tax, Plum Creek Timber Company, Inc.
Thomas Yeates, Executive Director, Ernst & Young LLP
- IRS audit activity
- Legislative update
- FATCA regulations
- Repair regulations
- SEC issues
|
| 4:30pm - 6:00pm |
Insurance Committee Meeting*
- What you need to know about your upcoming property
& liability insurance renewals
- Using captive insurers to reduce the cost of terrorism insurance
- Insurance litigation trends affecting real estate
|
| 4:45pm - 6:00pm |
State and Local Tax Subcommittee Meeting*
Moderator
Sam
Melehani, Partner, PwC
Panelists
Pia Ackerman, SVP-Tax, Ashford Hospitality Trust, Inc.
Nabil Andrawis, EVP & Director-Taxation, Lexington Realty
Trust
David S. Turzewski, Parter, KPMG LLP
Steven Wlodychak, Principal, Ernst & Young LLP
- Recent developments in state
legislation, regulations and audits
- Choice of entity and unitary filing: selected jurisdictions
- State nexus
through pass-through entities
- Unexpected local taxes
|
| 6:00pm - 7:30pm |
Opening Reception |
| *Open to all REITWise Registrants |
|
| Thursday, March 22 |
| 7:30am - 4:00pm |
Registration |
| 7:30am - 4:00pm |
Networking Room / Internet Cafe |
| 7:30am - 9:00am |
Continental Breakfast |
| 8:00am - 9:30am |
Opening General Session: State of the Capital Markets
Welcome
Steven Wechsler,
President & CEO, NAREIT
Moderator
Scott Schaevitz, Chairman-Americas Real Estate IBD, Barclays Capital
Panelists
Kenneth
Chang, Managing Director, Barclays Capital
Jon Cheigh, Portfolio Manager, Cohen & Steers Capital Management
Michael Knott, Managing Director-Office & Self-Storage, Green
Street Advisors, Inc.
Ted Rollins, Co-Chairman & CEO, Campus Crest Communities
Brian Summers, CFO, DRA Advisors LLC
- Sources
of capital
- M&A possibilities
- How to grow in the current environment
- Expanding the investor base
- IPO outlook
|
| 9:30am - 9:45am |
Networking Break |
| 9:45am - 11:00am |
Concurrent Session 1: Financial Reporting Hot Topics
Moderator
Heidi Roth, SVP, CAO
& Controller, Kilroy Realty Corporation
Panelists
Steven Jacobs, Partner, Ernst & Young LLP
Janet Menko, Director-GAAP Center of Excellence, Forest
City Enterprises, Inc.
Mark Skomal, SVP, CAO & Controller, DCT Industrial Trust Inc.- Condorsement
- SEC Comment letters
- XBRL
- Reporting FFO
|
| 9:45am - 11:00am |
Concurrent Session 2: Tax Planning for US REITs Investing Abroad
Moderator
Jeffrey
Clark, SVP-Tax, Host Hotels & Resorts, Inc.
Panelists
Joseph Howe, Partner, Arnold & Porter, LLP
Jennifer Xiao, VP-Tax, Digital Realty
Bartjan
Zoetmulder, Partner-Tax, Loyens & Loeff N.V.
- Subpart F and PFIC issues
- Proper and efficient
use of treaties/holding company structures
- Tax accounting issues
- Repatriation of trapped cash
|
| 9:45am - 11:00am |
Concurrent Session 3: Public Non-listed REITs
Moderator
Nathan Headrick, Chief
Compliance Officer & Corporate Counsel, CNL Lifestyle Properties, Inc.
Panelists
Judith Fryer, Shareholder, Greenberg Traurig, LLP
Kimberly Smith, General
Counsel-Capital Markets, Cole Real Estate Investments
Rosemarie Thurston, Partner, Alston & Bird LLP
- FINRA Regulatory Notices 11-44
and 12-14
- SEC disclosure policy of per share valuations
- Market impact of NAV
REITs
- Sales literature issues
|
| 9:45am - 11:00am |
Concurrent Session 4: Roundtables
|
|
Residential REITs
Discussion Leaders:
Howard Garfield, CFO, CAO &
Treasurer, Behringer Harvard Multifamily REIT I
Andrew Higdon, VP-SEC Reporting & Accounting Standards, Apartment Investment & Management Company
- Will the good times continue?
- GSE reform
- Constuction
activity
|
|
Mortgage REITs
Discussion Leaders:
Stuart Rothstein, CFO, Apollo
Commercial RE Finance, Inc.
Andrew Sossen, EVP, General Counsel & COO, Starwood Property Trust, Inc.
Stewart Zimmerman, Chairman & CEO, MFA Financial, Inc.
- SEC's 1940 Act Concept Release
- Yield curve opportunities and pitfalls
- Impact of GSE Reform
|
|
Timber REITs
Discussion Leaders:
Thomas Smith, VP & Director-Taxes,
Weyerhaeuser
Scott Winer, VP-Taxes, Rayonier Inc.
- Tree Act provisions
- Private letter
rulings
- Biomass
|
| 11:00am - 11:15am |
Networking Break |
| 11:15am - 12:30pm |
Concurrent Session 1: Anatomy of Ventas’ Acquisitions of Atria and NHP
Moderator
Wiliford Schlumberger, Executive Director, J.P. Morgan
Panelists
Kristen Benson, VP-Sr. Securities Counsel, Ventas, Inc.
Joseph Lambert, VP-Transactions Counsel, Ventas, Inc.
Brian Wood, SVP-Tax, Ventas, Inc.
Serena Wolfe, Partner, Ernst & Young LLP - Tax & structuring issues
- Change of control issues
- Securities law matters
- Accounting and reporting issues
|
| 11:15am - 12:30pm |
Concurrent Session 2: State and Local Taxes
Moderator
Joshua Cox, Director-Tax,
Tanger Factory Outlet Centers, Inc.
Panelists
Wendy Aberwald, VP-Tax, Wells Real
Estate Investment Trust II, Inc.
James Helmus, Managing Partner, The Helmus Group
Michele Randall, Director,
Deloitte Tax LLP
Stephen Ryan, Partner-State & Local Tax Services, Grant Thornton LLP- Transfer
taxes
- UPREITs, tiered structures and disregarded entities
- Sales and use tax issues
- State/local issues affecting mortgage REITs
|
| 11:15am - 12:30pm |
Concurrent Session 3: Roundtables
|
|
Cash Management/Treasury Best Practices
Discussion Leaders:
Robert
Barrasso, VP-Property Accounting, Boston Properties, Inc.
Peter Frank, Director-Corporate Treasury Solutions, PwC
- Optimizing liquidity
through better bank relationship management and account infrastructure
- Improving cash flow forecasting
- Trends in treasury and financial risk technology
|
|
General Counsel Issues
Discussion Leaders:
Dawn Becker, COO &
General Counsel, Federal Realty Investment Trust
J. Robert Fisher, VP-General Counsel & Secretary, Camden Property Trust
James J. Hanks, Jr., Partner, Venable LLP
- Board of directors issues, including new ISS GRId 2.0
- Trends in shareholder proposals
- Regulating employees actions such as use of social media
|
| 12:30pm - 12:45pm |
Networking Break |
| 12:45pm - 2:30pm |
Lunch General Session: State of the Commercial Real Estate Markets
Speakers
Ron
Donohue, President & Chairman of the Board, Hoyt Advisory Services
Jeffrey Fisher, Sr. Global Consultant-Real Capital Analytics & ARGUS Software & Co-President, Homer Hoyt
Institute
|
| 2:30pm - 2:45pm |
Networking Break |
| 2:45pm - 4:00pm |
Concurrent Session 1: Convergence Update
Moderator
Christopher Drula, Sr.
Director-Financial Standards, NAREIT
Panelists
Gareth Lewis, Director-Finance, European Public Real Estate Association
Jayne Stewart, CAO, Annaly Capital Management, Inc.
Thomas Wilkin, Partner, PwC
- Investment Property Entities
- Investment Companies
- Leases
|
| 2:45pm - 4:00pm |
Concurrent Session 2: Tax and Business Issues Surrounding the Evolving REIT
Moderator
Thomas Robinson, Sr. Advisor-Investment Banking, Stifel Nicolaus Weisel
Panelists
Donald Hammett, Partner, Locke Lord LLP
Gregory Imhoff, VP & Tax Counsel, Electric Infrastructure Alliance of America, LLC
David Levy, Partner-Tax, Skadden, Arps, Slate, Meagher & Flom LLP
- Infrastructure
- Media
- OpCo/PropCo
- New uses
|
| 2:45pm - 4:00pm |
Concurrent Session 3: Roundtables
|
|
Latest in Information Technology
Discussion Leaders:
Joshua Herrenkohl,
Leader-Real Estate Investor Services, Ernst & Young LLP
Mark Langer, EVP & CFO, Equity One, Inc.
- Where is the industry heading
from an IT and infrastructure standpoint?
- How are current business and regulatory trends impacting back office requirements?
- What are the current trends surrounding IT, shared services and outsourcing?
- What steps does the industry and my company
need to take in order to be prepared for the next 3-5 years?
|
|
Flexible Work Arrangements
Discussion Leaders:
Beth Glassman, VP-HR,
Brandywine Realty Trust
H. Lynn Stanfield, SVP-Tax, Apartment Investment & Management Company
Julie Yungmann, Director-Taxation, General Growth Properties, Inc.
- Using green technologies to achieve efficiencies
- Benefits and pitfalls of
telecommuting
- Non-resident and/or mobile employees: state tax issues
- Managing employees with flexible work arrangements
|
|
| Friday, March 23 |
| 7:30am - 12:15pm |
Registration |
| 7:30am - 12:30pm |
Networking Room / Internet Cafe |
| 8:00am - 9:15am |
Breakfast General Session with Dave Barry
Speaker
Dave Barry, Pulitzer Prize winner
and humor columnist
|
| 9:15am - 9:30am |
Networking Break |
| 9:30am - 10:45am |
Concurrent Session 1: SEC Legal Developments
Moderator
Gil Menna, Partner &
Co-Chair-Real Estate & Real Estate Capital Markets Practice, Goodwin Procter LLP
Panelists
Scott Hodgkins, Partner, Latham & Watkins LLP
Michael
McTiernan, Assistant Director-Division of Corporation Finance, U.S. Securities and Exchange Commission
Thomas Morey, SVP & General Counsel, Washington Real Estate Investment
Trust
- Structuring various methods for raising equity capital
- Recent developments on REIT 10-K and
IPO disclosure issues
- Magic Page presentation issues
- Updates on "Say on Pay"
|
| 9:30am - 10:45am |
Concurrent Session 2: The Treasury Speaks
Moderator
Craig Stern, SVP-Tax &
Compliance, Vornado Realty Trust
Panelists
Michael Novey, Associate Tax Legislative Counsel, United States Department of the Treasury
David Silber, Branch
Chief-FIP Branch 2, Internal Revenue Service
Jonathan Silver, Assistant to the Branch Chief-FIP Branch 2, Internal Revenue Service
- Review
of recent significant rulings
- Best practices in obtaining a PLR
- Administration tax policies impacting real
estate
|
| 9:30am - 10:45am |
Concurrent Session 3: Roundtables
|
|
Office/Industrial REITs
Discussion Leader:
Michael Comer, SVP & CAO,
First Potomac Realty Trust
Jason Maxwell, Corporate Counsel, Hines Real Estate Investment Trust, Inc.
- Legal and accounting issues in
negotiating purchase/sale agreements and joint venture agreements
- Survivability of reps/warranties
- Contingent liabilities and consideration
- Buy/sell analysis
- Emerging "customary" services in
office/industrial space
|
|
PCAOB Update
Discussion Leaders:
Adam Reuille, Director-Corporate
Financial Reporting, Simon Property Group, Inc.
Kevin Richards, Partner, Deloitte LLP
- Mandatory audit firm rotation
- Audit committee independence
- Risk assessment
- Entity level controls
|
| 10:45am - 11:00am |
Networking Break |
| 11:00am - 12:15pm |
Concurrent Session 1: REIT Tax Technical Panel
Moderator
James Sowell, Principal,
KPMG LLP
Panelists
A. Cristina Arumi, Partner, Hogan Lovells US LLP
Marikay Klank, VP-Tax, Equity Office Properties
Charles Temkin, Director, Deloitte Tax
LLP
Shari Thakady, Director-Tax, Ramco-Gershenson Properties Trust
- TRS issues
- Ownership waivers and related ownership tests
- Newly-formed and lower-tier REITs
- UPREIT issues
|
| 11:00am - 12:15pm |
Concurrent Session 2: Lessons Learned from Canada’s Adoption of IFRS
Moderator
Glenn Cohen, EVP, CFO & Treasurer, Kimco Realty Corporation
Panelists
Nancy Anderson, VP-Financial Reporting, Real Property Association of Canada
Raghunath Davloor, EVP, CFO & Corporate Secretary RioCan
Heather Kirk, Director-Real Estate Equity Research Analyst, National Bank Financial
Tom Rothfischer, Partner-Audit &
GTA Real Estate Industry Leader, KPMG LLP - Principles-based accounting?
- Key differences between US GAAP and IFRS
- How to prepare for convergence
- How did investors respond?
|
| 11:00am - 12:15pm |
Concurrent Session 3: Roundtables
|
|
Health Care REITs
Discussion Leaders:
Pamela Kessler, EVP & CFO, LTC
Properties, Inc.
Jeffrey Miller, EVP-Operations & General Counsel, Health Care REIT, Inc.- RIDEA Opportunities and Issues
- Accounting issues and challenges with development opportunities
- Brave new world of accountable care organizations
- Trends in cap rates
|
|
Retail REITs
Discussion Leaders:
Steven Adler, Director-Taxation, Acadia
Realty Trust
Lisa Indest, SVP-Finance & Accounting, Glimcher Realty Trust
- Competing with Internet sellers
- Opportunities and hardships due to tenant bankruptcies
- Designing the perfect tenant mix
|
| 12:15pm |
Program Concludes |
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