REITWise 2015

JW Marriott Desert Ridge Resort & Spa
5350 Marriott Drive 
Phoenix, AZ 85054
Phone: 480-293-5000
* Please note this is the link to JW Marriott Desert Ridge Resort & Spa website. This is NOT the link to reserve your hotel room at the NAREIT group rate. You must first register for REITWise 2015^® in order to book your hotel room. After your registration is confirmed, you will receive a confirmation e-mail that will contain the hotel reservation link

NAREIT Room Rate
$335.00 Guest Rooms (Single/Double Occupancy)
$435.00 Junior Suites

Hotel Cancellation Policy
NAREIT requires a one night, non-refundable deposit paid to the hotel at time of reservation. Cancellation of additional room nights (not the entire reservation) without penalty requires notice 72 hours prior to arrival, otherwise additional room and tax penalties may apply and will be charged to the credit card on file.

Any changes to your hotel reservation may be done on the hotel room block site up until 72 hours prior to arrival or by emailing lacey@stagedrightevents.com. All change requests are subject to room availability. Please do not call the hotel directly.

NOTE: Hotel reservations at the group rate are subject to availability after Friday, February 27, 2015.

Standard Room Amenities
Private balconies or patios with garden or area views
High-speed internet, refrigerator, cordless phones, and coffee-maker in all rooms and suites
Luxurious pure-white bedding, Archive bath products and HDTVs
Climate control panels for personalized comfort
All rooms and suites are smoke-free 
In-room safes

Dining
Stonegrill
Serving: Breakfast, Lunch & Dinner
Dress attire: Smart Casual

Twenty6
Serving: Snacks & Light Fare
Dress attire: Smart Casual

Meritage Steakhouse at Wildfire Golf Club
Serving: Lunch & Dinner
Dress attire: Casual

Roy's Pacific Rim
Serving: Dinner
Dress attire: Casual

Revive Spa Bistro
Serving: Breakfast & Lunch
Dress attire: Casual

Just a Splash Bar & Grill
Serving: Lunch
Dress attire: Casual

Starbuck's
Serving: Breakfast & Lunch
Dress attire: Casual

Spa
Revive Spa
For information or reservations, please call (480) 293-3700 or visit Revive Spa online.

Golf
Wildfire Golf Club
Wildfire Golf Club features two 18-hole championship golf courses designed by Arnold Palmer & Nick Faldo; For more information, please call (888) 705-7775 or visit Wildfire Golf Club online.

Fitness
JW Marriott Desert Ridge Resort & Spa also features various fitness activities, including two fitness centers, multiple pools, a lazy river, as well as tennis. For more infomration, please visit Fitness online.

Parking 
Self parking fee: Complimentary (for overnight resort guests)
On-site parking fee: $10.00 daily (for non-overnight resort guests)
Valet parking fee: $27.00 daily
Reduced valet parking fee (with paid resort fee): $17.00 daily

Pets 
JW Marriott Desert Ridge Resort & Spa does not allow pets.

Airport Information
Phoenix Sky Harbor International Airport
Distance from hotel: 22 miles 
Drive Time: 30 minutes

Scottsdale Municipal Airport
Distance from hotel: 6 miles
Drive Time: 15 min

Phoenix Deer Valley Airport
Distance from hotel: 7.1 miles
Drive Time: 15 minutes

CPE/CLE Information

Up to 19.5 hours of CPE credits are available

Up to 17.75 hours of CLE credits are available*
*Note: Available credit hours vary state to state.

NAREIT is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, through its website: www.learningmarket.org.

NAREIT is a registered public accountant continuing education sponsor with the Illinois Department of Professional Regulation. NAREIT follows CE regulations as outlined in the California Accountancy Act. Up to 19.5 credits may be earned at REITWise 2015®: NAREIT's Law, Accounting & Finance Conference. This conference is an intermediate level course geared toward the legal and accounting fields. No advance preparation is required for this course.

For more information regarding administrative policies such as complaint and refund, please contact Afia Boone at aboone@nareit.com or 202-739-9433.

Click here to login and view webcasts of sessions from REITWise 2015. 

NOTE: To view the session webscasts, you must be a registered REITWise 2015 attendee or purchase the webcasts using the online order form here. 

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To view the REITWise 2015 Attendee Roster, please click the link below which will take you to a login screen. Once you are logged in, the REITWise 2015 Attendee Roster will appear containing the name and company for all individuals registered to attend REITWise 2015. If you do not have a user name and password, you can create a new account at which time you will be able to view the Roster.

To view this material by session type and name, please click here.
 

View Faculty Biographies

Wednesday, April 2

Luncheons

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)

Committee Meetings

Accounting Committee Meeting

1:15pm – 2:45pm            

• Center for Audit Quality’s views on various PCAOB proposals
• CFA Institute’s perspective on certain financial reporting issues
• Duff & Phelps’ experience with recent valuations of REIT assets, including for PNLRs

Panel Presentations and Supporting Materials

• NAREIT Presentation
• PCAOB Concept Release - Auditor's Report and Auditor's Responsibilities for Other Information
• NAREIT Comment Letter on PCAOB Auditor Report and Other Information Proposal
• PCAOB Staff Audit Practice Alert No. 11 Considerations for Audits of Internal Control Over Financial Reporting 
• SEC Final Rule 2012-08-28 - Auditor Communications with Audit Committees
• CAQ - Enhancing the Audit Committee Report
• CAQ - Audit Committee Essentials: The Annual Auditor Assessment
• CAQ - Comment Letter on Auditor Reporting Model
• IPA Practice Guideline 2013-01 Valuations of Publicly Registered Non-Listed REITs
• RAAD Broker Dealer Valuation Guidelines
• PwC Regulatory and Standard Setting Developments - 3.14.14

Government Relations Committee Meeting*

3:00pm – 4:30pm

• Bonus round update on policy issues
• The IRS Speaks
• Impact of new proposed debt regulations on partnerships and REITs
• Final repair regulations: implementation and planning opportunities for REITs

Panel Presentations and Supporting Materials

• NAREIT Policy Report on the Chairman Camp Discussion Draft
• House Ways and Means Section-by-Section Summary of Camp Tax Reform Discussion Draft
• NAREIT Submission to SFC Regarding Cost Recovery Discussion Draft
• TRIA Testimony of Ed Walter on behalf of CIAT
• NAREIT Letter to Chairman Goodlatte regarding Main Street Fairness
• IRS PLRs
• Impact of New Proposed §752 Debt Regulations on Partnerships and REITs by Andrea Whiteway
• A ‘Guaranteed’ Debacle:  New Proposed Partnership Liability Allocation Regulations - (Forthcoming in Tax Notes) - by Blake D. Rubin, Andrea M. Whiteway and Jon G. Finkelstein
• Tangible Property Regulations Update by Thomas Yeates III

Insurance Committee Meeting

4:30pm – 6:00pm            

• Cyber Liability Insurance
• National Flood Insurance Program
• Terrorism Risk Insurance Act (TRIA)
• D&O Insurance Litigation Trends

Panel Presentations and Supporting Materials

• Crystal & Co. Presentation on NAREIT D&O Insurance
• National Flood Insurance Program Presentation
• Terrorism Risk Insurance Act Update (TRIA)

Thursday, April 3

General Session: State of the Capital Markets

8:00am – 9:30am             

• M & A landscape
• IPO Outlook
• Impact of QE easing on REITs
• Investor reception of new property types and PNLRs

Panel Presentations and Supporting Materials

• S&P Article on Top Ten Investor Questions - Real Estate
• S&P Article on Key Credit Factors for Real Estate
• REITWatch
• S&P Article on 2014 CMBS Credit Recovery May Not be as Strong as in 2013
• S&P Article on Credit FAQ regarding "Specialty REITs"

Panoply of Issues Facing General Counsels

9:45am – 11:00am           

• Technology for lawyers
• Legal issues arising from and documenting leases and insurance policies
• Determining how energy expenses should be determined for purposes of billing to CAM charges

Panel Presentations and Supporting Materials

• Links to articles on e-discovery, KPMG article on using external counsel, using technology to reduce external legal costs and managing your relationship with outside counsel

REIT Tax Potpourri

9:45am – 11:00am

• Tax implications of financial instruments for mortgage REITs
• Protocols for like kind exchanges coordinating among treasury, legal and tax functions
• Independent contractor/TRS service issues

Panel Presentations and Supporting Materials

• REIT Tax Potpourri Presentation Final

Financial Standards Current Topics

9:45am – 11:00am           

• Revenue recognition
• Financial instruments: classification & measurement
• Financial instruments: impairment
• Insurance

Panel Presentations and Supporting Materials

• NAREIT REITWise - Financial Standards Current Topics Session – Power Point Presentation
• REESA Submission on Revenue from Contracts with Customers
• Deloitte Heads Up — Boards Preparing to Issue Final Standard on Revenue Recognition
• EY To the Point - Boards Conclude Redeliberations on Revenue Recognition Proposal
• KPMG Defining Issues - Revenue Recognition: Boards Completing Redeliberations
• PwC – The Quarter Close Q1 2014
• PwC Shareholder Questions: Management’s Considerations for 2014 Annual Meetings
• PwC Regulatory and Standard-Setting Developments
• NAREIT Comment Letter on FASB Recognition and Measurement Proposal
• Deloitte Heads Up — FASB Abandons Converged Approach to Classification and Measurement
• KPMG Defining Issues - Redeliberations Begin on Impairment, Classification and Measurement of Financial Instruments
• KPMG Defining Issues - Redeliberations on Financial Instruments Classification and Measurement – Business Model Assessment
• KPMG Defining Issues -  FASB Proposes Changes to Classification and Measurement of Financial Instruments
• KPMG Defining Issues -  Divergence Increases on Classification and Measurement of Financial Assets
• EY To the Point - FASB Sets Path on Changes to Accounting for Financial Instruments
• NAREIT Comment Letter on FASB Credit Losses Proposal
• Deloitte Heads Up — Boards Discuss Constituent Feedback on Impairment Proposals
• Deloitte Heads Up — IASB Issues Exposure Draft on Impairment of Financial Assets
• NAREIT Submission on Proposed Accounting Standards Update Insurance Contracts
• Deloitte Heads Up — FASB Tentatively Decides to Narrow Scope of Insurance Contracts Project
• KPMG Defining Issues -  FASB’s Proposed Changes for Insurance Contracts
• KPMG Defining Issues - FASB Changes Direction and Scope of Insurance Project
• EY To the Point - FASB scales back scope of insurance contracts project
• PwC In Brief – FASB Narrows Insurance Contracts Scope

Roundtables

9:45am – 11:00am                                                      

Business Intelligence and Data Analytics

• Business Intelligence and Analytics for Commercial Real Estate

Single Family Housing REITs

• Peter Genz's Article on Dealer/Investor Issues
• Morgan Stanley Research Article on BTR (3.21.14)

SEC Legal Issues

11:15am – 12:30pm

• JOBS Act Developments
• Responding to shareholder activism
• REITs and Reg FD

Panel Presentations and Supporting Materials

• SEC Final Rule Eliminating the Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings (July 2013)
• SEC Final Rule Disqualifying Felons and Other "Bad Actors" from Rule 506 Offerings (July 2013)
• SEC Proposed Crowdfunding Rule, (Oct. 2013)
• SEC Report of Investigation Pursuant to Section 21(a) of the Securities Exchange Act of 1934 (Netflix, Inc. and Reed Hastings) (April 2013)
• Goodwin Procter Alert, SEC Clarifies Social Media Use and Reg FD Compliance
• SEC Eliminating the Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings: A Small Entity Compliance Guide (Sept. 2013)
• Goodwin Procter REIT Alert: Developments in the Use of “At-the-Market” Offering Programs
• NAREIT SFO Alert-SEC Areas of Focus in Reviewing 2013 10-K Filings (Feb. 2014)
• SEC Proposed Rule Amendments for Small and Additional Issues Exemptions Under Section 3(b) of the Securities Act (Dec. 2013)
• SEC Report on Review of Disclosure Requirements of Regulation S-K As Required by Section 108 of the Jumpstart Our Business Startups Act (Dec. 2013)
• SEC Proxy Advisory Services Roundtable (Nov. 2013)
• NASDAQ/OMX Petition  for rulemaking to Revise the Commission’s Guidance to Proxy Advisory Firms (Oct. 2013)
• Carl Icahn, Will the New Shareholder-Director Exchange Achieve its Potential (Feb. 2014)
• Center of Political Accountability, Zicklin Index of Political Accountability and Disclosure (Sept. 2013)

REITs Investing Outside of the United States

11:15am – 12:30pm        

• Tax Planning
• Not being a stranger in a strange land
• Assessing use of capital abroad

Panel Presentations and Supporting Materials

• REITs Investing Outside of the U.S. Presentation
• Tax Reform Act of 2014 Discussion Draft - Outline by Joseph Howe, III

Roundtables

11:15am – 12:30pm                                                                        

Treasurers' Corner

• PwC Thought Leadership - Transforming Treasury – Feb. 2014

Social Media

• Social Media Presentation

Supplemental Information Packages 

• SLGreen Year-End Supplemental Reporting Packages
• DCT Year-End Supplemental Reporting Packages

General Session: Discussion of the Current and Future Real Estate Markets

12:45pm - 2:30pm

• Economy 
• Risk
• Capital Markets

Panel Presentations and Supporting Materials

• Discussion of the Current and Future Real Estate Markets Presentation

Impact of FASB/IASB Leases Proposal in the Real World

2:45pm – 4:00pm            

• Tenants reactions and behavior changes
• Impact on equipment lessees
• Investor perspective
• Latest from FASB

Panel Presentations and Supporting Materials

• Impact of FASB/IASB Leases Proposal in the Real World
• In Brief of FASB/ISAB March Leases Discussion
• GE Comment Letter
• NAREIT Comment Letter
• REESA Comment Letter
• L Brands Comment Letter
• CFA Institute Comment Letter

State and Local Tax Issues

2:45pm – 4:00pm            

• Combined filing requirements
• Composite return and Withholding Issues for OPs
• Franchise and other State and Local Taxes
• Opportunities in REIT M&A

Panel Presentations and Supporting Materials

• REITWise 2014 SALT Panel Presentation

Roundtables

2:45pm – 4:00pm            

Mortgage REITs

• Mortgage REITs Roundtable
• MREIT Roundtable: MREIT Industry Overview (April 3, 2014)
• Credit Suisse, Global Securitized Products 2014 Outlook
• The Urban Institute, Housing Finance At a Glance (Jan. 2014)
• Testimony of John Gidman, Association of Institutional Investors, Fundamentals of a Functioning Private Label Mortgage Backed Securities
• Section-by-Section Summary, Bi-partisan Senate GSE Reform Legislation (March 20, 2014)
• Remarks of Counselor to the Treasury Secretary for Housing Finance Policy Michael Stegman at the J.P. Morgan Securitized Products Research Conference (March 6, 2014)
• John Burns, U.S. Housing Analysis and Forecast (February 7, 2014)
• IRS PLR Concluding that MRS Excess Servicing Spread is a Qualifying REIT Asset (May 2012)
• Fannie Mae’s Approach to Single-Family Credit Risk Management (Jan. 2014)
• Accounting Standards Update, Transfers and Servicing - Repurchase Agreements and Similar Transactions

Enterprise Risk Management and Public Real Estate Companies

• 2014 REITWise Presentation

Friday, April 4

Balance Sheet Strategies

9:30am – 10:45am           

• Pros and con of investment grade rating
• Determining the appropriate target debt level
• Achieving the right balance between fixed / floating, secured / unsecured debt
• Assessing when to seek short, medium or long-term maturities
• Developing effective hedging strategies to address interest rate volatility

Panel Presentations and Supporting Materials

• Chatham Financial – The State of Financial Risk Management
• PwC US Real Estate Insights – Oct. 2013
• PwC Real Estate 2020 – Building the Future

Issues Popping up on a Tax Directors’ Radar Screen

9:30am – 10:45am           

• Top 10 issues keeping tax directors up at night
• When does a tenant service become customary?

Panel Presentations and Supporting Materials

• 2014 REITWise Presentation - Tax Director Issues

Roundtables

9:30am – 10:45am

Public Non-listed REITs

• Public Non-listed REITs Presentation
• NAREIT and PNLR Council Letter to the SEC Regarding SR-FINRA 2014-006--Notice of Filing of a Proposed Rule Change Relating to Per Share Estimated Valuations for Unlisted DPP and REITS (March 12, 2014)
• Securities AND Exchange Commission, SR–FINRA–2014–006 Proposed Rule Change Relating to per Share Estimated Valuations for Unlisted DPP and REIT Securities
• FINRA 2014 Regulatory and Examination Priorities
• U.S. Chamber of Commerce, Issue Brief: Fiduciary Duty Rulemaking
• New Democrat Coalition Letter to SEC Chair Mary Jo White (February 5, 2014)
• New Democrat Coalition Letter to Secretary of Labor (January 13, 2014)
• Recommendation of the Investor Advisory Committee to the Securities and Exchange Commission, Broker-Dealer Fiduciary Duty (November 22, 2013)
• GAO Report, Alternative Criteria for Qualifying As An Accredited Investor Should Be Considered, Report to Congressional Committee (July 2013)
• Division of Corporation Finance Securities and Exchange Commission CF Disclosure Guidance: Topic No. 6 Staff Observations Regarding Disclosures of Non-Traded Real Estate Investment Trust (July 2013)

Sustainability Issues

• EnergyStar Benchmarking and Saving, 2012
• NMR Group, Statewide Benchmarking Process Evaluation Volume 1: Report (April 2012)
• Matt Cox, Marilyn A. Brown, and Xiaojing Sun: Making Buildings Part of the Climate Solution by Overcoming Information Gaps through Benchmarking (Sept. 2012)
• Lindsay Audin, Careful Assessment Of Energy Options Can Show What Steps To Take (Dec. 2011)
• City of Philadelphia, Benchmarking Report (Jan. 2014)
• Jeremy Firestone, Wind Power on the Horizon (March 2014)
• Yolanda Pagano, Role of Fossil Fuels in the Clean Energy Economy: A Bridge to the Future or a Bridge Not Far Enough (March 2014)
• Integral Group, Role of Fossil Fuels in the Clean Energy Economy, 2014
• Andrew Bakey, Energy 101
• Elena Alschuler, Tri-State Sustainability Symposium (March 7, 2014)
• Sandy Barber, Retail Electricity Market Delaware, New Jersey, and Pennsylvania (March 2014)
• City of Philadelphia, Benchmarks

SEC Financial Reporting Issues

11:00am – 12:15pm        

•  Comment letters
•  SEC filings for property acquisitions
•  Audit report proposal

Panel Presentations and Supporting Materials

• SEC Financial Reporting Issues
• Applying SEC Rule 3-14
• SEC Updates Guidance for Recording Acquisitions
• NAREIT SFO Alert: SEC Areas of Focus on 2013 10-K Filings
• SEC Comment Letter Trends
• SEC Comment Letter; Including Industry Insights
• SEC Considers Disclosure Overload
• SEC Considers Disclosure Overload and Complexity
• SEC Staff Recommends a Comprehensive review of SEC Disclosure Requirements

Winning the Say On Pay Vote

11:00am – 12:15pm

• Designing the compensation plan
• ISS guidelines and stockholder outreach
• Getting in the vote
• Responding to a failed vote the next year

Panel Presentations and Supporting Materials

• REITWise Say On Pay PowerPoint Presentation
• ISS Discussion on Avoiding Common CDA Pitfalls
• BlackRock Article on Proxy Voting Guidelines for US Securities
• Compendia Disclosure Article
• Venable Article on Proxy Statements under Maryland Law

Roundtable

11:00am – 12:15pm        

Historic and New Market Credits

• REITWise  Presentation- Historic Tax Credits Slide Deck

Timber REITs

• Discussion Outline
• Ways and Means Section-by-Section Summary - Timber REITs

View All Session Material in a single PDF Note: This file is approximately 69.59MB and may require several minutes to download/display fully. Use the Find feature (Edit menu, then Find) in Adobe Acrobat Reader to search any of the PDFs for a specific word or phrase.

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ANNOUNCING THE REITWise 2015 MOBILE APP!

Stay organized and keep informed of any last-minute changes during REITWise by downloading the new 2015 REITWise mobile app to your smartphone or tablet device. 

Developed specifically to keep you on schedule and informed before, during and after the conference, the REITWise mobile app enables you to:

• Create a Custom schedule from multiple tracks, and sync your agenda to multiple devices right from the conference app.
• Browse speakers and bookmark sessions.
• Interactively locate meeting rooms on the map or right from event listings.
• Reference all kinds of helpful local area resources.
• If you set up a profile within the app, you can network with fellow attendees through the Friends feature, send direct messages, establish app friendships, and share schedules.
• Access social media to keep up on all the buzz surrounding REITs and REITWise, and much, much more.
• View photos in the photo gallery taken during the event.
• And remain informed of any last-minute changes and alerts onsite.

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View Faculty Biographies

Luncheons

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)  

9:30am – 1:00pm           Tax Director Luncheon (by invitation only)

Committee Meetings

Accounting Committee Meeting

• FASB Leases Project
• FASB Revenue from Contracts with Customers Standard
• FASB Consolidation Standard
• FASB Clarifying the Definition of a Business Project
• NAREIT FFO Reporting Update

Panel Presentations and Supporting Materials

• Accounting Committee Panel - REITWise 2015
• Deloitte - 2015 Commercial Real Estate Outlook
• Deloitte - Real Estate Accounting and Financial Reporting Update
• EY Technical Line - Real Estate Revenue Recognition
• EY Technical Line - To the Point - Consolidation Guidance
• EY Technical Line - To the Point - Joint Revenue Recognition Project
• KPMG - Defining Issues - June 2014
• KPMG Defining Issues - Leases March 2015
• KPMG - Defining Issues - March 2014
• KPMG - Defining Issues - October 2014
• KPMG - Issues In Depth - Revenue from Contracts with Customers
• KPMG - Real Estate Sales Under the New Revenue Standard
• NAREIT Comment Letter - Initial Direct Leasing Costs, July 25th 2014
• NAREIT Comment Letter - Lessee Accounting June 27th 2014
• SFO Alert - FASB Provides Lessors with Transition Relief for Initial Direct Leasing Costs, February 27th 2015

Government Relations Committee Meeting

• Treasury Department and IRS officials presentations
• FIRPTA and tax reform legislative developments
• OECD/BEPS update
• Alternative Investment Fund Managers Directive

Panel Presentations and Supporting Materials

IRS and Treasury Department Officials Discussion:

• Government Relations Committee Agenda
• Federal Register Definition of Real Estate Investment Trust Real Property
• Private Letter Rulings for Government Relations Committee Meeting Discussion
• Revenue Procedure 2014-51
• Department of the Treasury - General Explanations of the Administration's Fiscal Year 2016 Revenue Proposal

Tax Reform Developments:

• US Senate Committee on Finance - Hatch, Wyden Launch New Effort to Seek Input on Bipartisan Tax Reform
• HR 636
• JCT - Description of HR 629

OECD:

• NAREIT Comments on the OECD Discussion Draft on Follow Up Work on BEPS Action 6
• EPRA BEPS Action 6 - REITs and Treaty Abuse

FIRPTA Reform:

• Bill in 2/11/15 SFC Mark-up to Amend FIRPTA
• JCT - Description of the Chairman's Mark of Proposals Relating to Real Estate Investment Trusts
• JCT - Descrption of Chairman's Modifications to the Chairman's Mark Proposals Related to REITs

AIFMD:

• Goodwin Procter - REITs and the Alternative Investment Fund
• Hogan Lovells - Marketing US REITs to European Investors

Main Street Fairness:

• NAREIT FirstBrief - Marketplace Fairness Re-Introduced in the Senate
• Summary of RTPA

Insurance Committee Meeting

• Cyber Liability Insurance
• Soft Insurance Markets/Excess Capacity
• Interactive Discussion: Key Risk Areas Affecting REITs
• Terrorism Risk Insurance Act (TRIA)
• D&O Liability Insurance Program

Panel Presentations and Supporting Materials

• Comparison of 2015 TRIA and Prior Law Side-by-Side
• Insurance Committee Meeting - 2015 REITWise Presentation

State & Local Tax Subcommittee Meeting

• Key state developments: NY, CA, HI, PA, TN, and others
• Trends in combined reporting, nexus, and tax base
• Allocation and apportionment developments

Panel Presentations and Supporting Materials

• State Tax Update PPT

Sessions

Communications Issues for REITs - Analysts, Investors & Social Media

• Guiding corporate communications strategies
• Disclosure issues
• REITs and Reg FD
• Emerging growth company filings and other JOBS Act issues

Panel Presentations and Supporting Materials

• 2015 REITWise PPT Reg FD
• Latham and Watkins - Client Alert - Giving Good Guidance Public Company
• SEC Guidance On the Testimonial Rule and Social Media - Guidance - March 2014
• SEC Staff Guidance Proxy Advisors
• US Chamber Report on Proxy Advisors

Discussion of Current & Future Real Estate Market

Panel Presentations and Supporting Materials

• Commercial Property Update 2014-Q4
• Multifamily Markets Still Have a Wind at Their Back March 6th, 2015
• REIT - Power Point Presentation Final

Financial Instruments Developments

• Recognition and measurement
• Credit impairment
• Hedging

Panel Presentations and Supporting Materials

• EY - To The Point - Financial Instruments March 13th 2014
• EY - To The Point - Classification Measurement January 22nd 2015
• EY - To The Point - Credit Impairment March 12th 2015
• Financial Instruments Panel PPT REITWise 2015
• NAREIT Comment Letter May 15 2013 FASB Classification and Measurement Proposal
• NAREIT Comment Letter May 31 2013 FASB Credit Losses Proposal
• SFO Alert (August 8, 2014)  FASB Decisions on Classification and Measurement of Equity Investments

General Counsels Agenda

• In-house as gatekeepers
• Governance, risk and compliance in 2015
• Crisis management plans
• Enforcement issues
• Dodd-Frank clawback rules

Panel Presentations and Supporting Materials

• Getting Nothing for Something- As reprinted from REIT Zone Publications - September 3rd, 2014
• GP Dodd Frank Compensation Disclosure and Conflict Minerals Update
• GreenStreet - REIT-Corp Governance - June 23rd, 2014
• PCA - Frank Dodd - Wall Street Reform and Consumer Protection Act - Public Company Impact July 27th, 2010
• PLI REIT seminar 2015 - REIT Structuring Alternatives and Access to Capital Markets-CLEAN
• REITWise PPT- Shirley Goza - 2015
• SEC Clawback Case 34-74240 - Feb 2015
• SEC Clawback Case Press Release - Feb 2015
• SEC Saba Enforcement Press Release - Sept 2014
• SEC Saba Enforcement Release 2 34-73201 - Sept 2014
• Venable Maryland Law Memo - Exclusive Forum Bylaws -- New Research Shows Favorable Impact

Key Drivers Impacting a REITs Stock Price

• Impact of NAV models
• Importance of FFO and AFFO growth forecasts
• Dividends: Grow versus retain for reinvestment
• Impact of leverage
• “Intangibles” such as management team value add

Panel Presentations and Supporting Materials

• Green Street Advisors - Pricing Model Report
• Key Drivers Impacting a REIT's Stock Price PPT

NOI/FFO as GAAP Metrics - a Possibility?

• Dialogue on FASB’s project
• Relation to non-GAAP metrics like NOI and FFO

Panel Presentations and Supporting Materials

• FASB - Financial Performance Reporting - External Slides - REITWise 2015
• NOI/FFO as GAAP - REITWise 2015 PPT

Partnership Tax Issues Encountered by REITs 

• LTips
• Disguised sale and liability allocations
• Mergers and Divisions
• Preferential interests

Panel Presentations and Supporting Materials

• 2015 REITWise Program on Partnerships PPT

REIT Tax Potpourri

• Defining customary services
• Pitfalls of “baby REITs”
• Transfer pricing update
• Managing non-qualifying income from joint ventures

Panel Presentations and Supporting Materials

• 2015 REITWise - REIT Tax Potpourri - 3-16-15

SEC Financial Reporting Issues

• SEC “report card” of 2014 REIT reporting and preview of 2014 10K reviews
• FASB projects
• PCAOB initiatives

Panel Presentations and Supporting Materials

• Deloitte - Real Estate Accounting and Financial Reporting Update November 24th, 2014
• Deloitte - SEC Comment Letters Including Insights- A Recap of Recent Trends 
• NAREIT Comment Letter- FASB Proposal on Notes to Financial Statements- July 14th, 2014
• NAREIT Comment Letter- PCAOB Staff Paper- Auditing Estimates and Fair Value Measurements- Oct 31st, 2014
• NAREIT Comment Letter- PCAOB Proposal on the Auditors Report and Other Information- Dec 11th, 2013
• NAREIT FASB Simplification Intiative- Slides
• PwC - US - Real Estate Insights Winter 2015
• PwC - SEC comment letter trends (financial services) November 14
• PwC - In depth Revenue Recognition Real Estate Supplement September 2014
• PwC - In depth - New consolidation Standard February 26th, 2014
• PwC - In the loop - Pushdown Accounting December 2014
• SFO Alert- SEC Areas of Focus in Reviewing 2014 10K Filings February 13th, 2015
• SFO Alert- PCAOB Request Input on Auditing Estimates and Fair Value Measurements September 25th, 2014

Shareholder Activism & REIT M&A

• Development of shareholder activism in the REIT space, nature of activists and tactics
• Activism prevention and defensive strategies
• Board and management considerations in weighing governance vs. defense
• M&A—macros trends, process issues and recent issues/developments

Panel Presentations and Supporting Materials

• CommonWealth and Corvex - Situation Chronology
• Example Closing Checklist - Public Merger
• Morrison Foerster - Shareholder Activism PPT
• Sample Excess Share Provisions prepared by Dentons
• Sample Responses to SEC Comments - Prevost

State of Capital Markets

• Asset bubble on the horizon?
• M&A: Full steam ahead?
• Coming privatizations?
• Credit landscape
• How the end of QE3 impacts the economy and REITs

Panel Presentations and Supporting Materials

• Offerings of REIT Securities 2007-2015 as of 2-27-15
• 2015 REITWise Capital Markets Panel
• US REIT Industry Equity Market Cap (1971-2014)

Still More REIT Tax Issues

• Tax due diligence leading practices
• Managing built-in gains
• Internal controls in the tax function

Panel Presentations and Supporting Materials

• 2015 REITWise - Still More REIT Tax Issues-- Topics ppt 3-17-15
• REITWise 2015 - Still More REIT Tax Issues Appendix - final

Tax Issues Arising from Inbound Investments into US REITs

• FIRPTA, FIRPTA, FIRPTA!
• Sovereign wealth funds as co-investors
• Fund/Alternative investment vehicle (“AIV”) investments

Panel Presentations and Supporting Materials

• 2015 REITWise FIRPTA Panel Slides March 17, 2015
• Description of Chairman's Mark of Proposals Relating to REITs, RICs, & FIRPTA
• Tax Issues Arising from Inbound Investments in US REITs Meeting

Roundtables

Cybersecurity

• Preparing for cyberwar
• Best practices
• Use of outside consultants
• Internal education

Panel Presentations and Supporting Materials

• 2015 REITWise PPT Template - BUFFOMANTE UPDATES
• DHS - Cybersecurity - Questions for CEOs
• KPMG - 5 Common Security Mistakes Brochure - 2014
• SEC - Boards of Directors - Corporate Governance and CyberRisks - Sharpening the Focus

Human Resources

• Fostering leadership
• Mentoring/motivating staff
• Compensation issues

Panel Presentations and Supporting Materials

• FPL Leadership

Mortgage REITs

• Agency REITs moving into other debt and equity investments
• FHFA membership rule
• GSE Reform

Panel Presentations and Supporting Materials

• Bloomburg - Mortgage REITs Joining FHLBs Again Even as Regulator Weighs Ban
• Federal Reserve Bank of New York - Financial Stability Policies for Shadow Banking
• FHFA Proposes Revisions to Federal Home Loan Bank Membership Eligibility Requirements
• Fitch Ratings - Criteria for Rating US Mortgage REITs and Similar Finance Companies
• MREIT Council PLS Submission to Treasury (8-8-14)
• MREIT Council Submission to FHFA
• OFR 2014 Annual Report
• Remarks by Counselor to the Secretary for Housing Finance Policy Before the Goldman Sachs 3rd Annual Housing Finance Conference
• Treasury - Financial Stability Oversight Council Announces Changes to Nonbank Designations Process
• Treasury Brings Greater Clarity to the Credit Rating Process
• Urban Institute - The Federal Housing Finance Agency's Federal Home Loan Bank Members Proposal Overshoots the Mark

Office/Mixed Use REITs

• Impact of technology
• Supply/demand equation
• Evolution of tenant space needs

Panel Presentations and Supporting Materials

Public Non-Listed REITs

• Preparing for new customer statement rule
• Liquidity events
• DOL fiduciary standard rule

Panel Presentations and Supporting Materials

• AARP DOL Fiduciary Rule Letter
• FINRA Customer Statement Account Final Rule 10/17/14
• FINRA Regulatory Notice 15-02 (1-15)
• GCC Webinar Slides v. Final 2/19/15
• Green Street - Heard on the Beach - Devolution Excerpt 08/27/2014
• IRPT - Description of Securities
• IRPT - Q&A re. A and T Shares
• Memos, Venable LLC
• NASDAQ Listing Checklist, Proskaeur Rose LLC
• New Democrat Coalition letter re. DOL Fiduciary Rule
• NYSE Listing Checklist, Proskauer Rose LLP
• Public Non-Listed REIT Liquidity Events, Venable LLC
• Retail Investor Capital Flows, Robert A. Stanger & Co., Inc. PPT
• White House Fact Sheet re DOL Fiduciary Rule

Retail REITs

• Mastering e-commerce
• Evolution of enclosed malls
• CAM practices
• What will the industry look like in 10 years?

Panel Presentations and Supporting Materials

• CBL & Associates Properties - Boomers - Data 2015
• CBL & Associates Properties - Millennial Facts

Sustainability Developments

• Investor relations – benchmarks and certification (CDP, GRESB)
• Growing legislation- reporting and disclosures (Energy Star, LEED), what is the future?
• Green bonds, PACE and other financing options

Panel Presentations and Supporting Materials

• Green Days Ahead for REITs - REIT News - July 8th, 2014
• Regency Centers Sells $250 Million of 10-Year ‘Green Bonds’ - REIT News -May 16th, 2014
• Hannon Arstrong - Sustainable Investing
• Vornado Prices Notes to Fund Eligible Green Projects - Analyst Blog - NASDAQ

Timber REITs

• Legislative/tax reform proposals
• IRS audit issues
• Promoting wood products in the sustainability context
• Transactions with conservation groups

Panel Presentations and Supporting Materials

• ABC Act - A Path to Economic Transformation
• ABC Act - Brief
• ABC Act - Statutory Language
• ABC Act - Tax Table
• ABC Section-by-Section Summary
• FIRPTA Reform Bill
• How to Make America A Global Tax Haven BCFTA
• HR 1 - Tax Reform Act of 2014 Timber-Related Excerpts
• TREES Template January 2015

Treasurers Circle

• Hedging – interest rate and FX
• Acquisition integration
• Leveraging technology to drive efficiency
• Capital raises – ATM, equity, or hybrid solutions
• Debt capital markets/rating agencies: managing your agency interactions and your rating

Panel Presentations and Supporting Materials

• Deloitte 2015 Global Corporate Treasury Survey

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Registration Pricing
Registration fees include all educational sessions, the opening reception, refreshment breaks and meal functions.

*Employees of a REIT or public real estate operating company (or its sponsor) that is a NAREIT member.

**Employees and Officers of REITs (or their sponsors) that are not members of NAREIT may NOT attend this meeting as Non-Members. The REIT must be a NAREIT member.

NOTE: The NAREIT room block is currently sold out. Once you have registered for the REITWise conference, please contact our housing consultants for assistance with booking a nearby hotel. The contact information will be listed in your registration confirmation email.

Conference Cancellation Policy
All cancellations must be received in writing to Afia Boone at aboone@nareit.com. Full conference refunds will be issued for cancellations received prior to Friday, February 27, 2015, less a $100 processing fee.

No refunds will be granted after Friday, February 27, 2015.

Hotel Cancellation Policy
NAREIT requires a one night, non-refundable deposit paid to the hotel at time of reservation. Cancellation of additional room nights (not the entire reservation) without penalty requires notice 72 hours prior to arrival, otherwise additional room and tax penalties may apply and will be charged to the credit card on file.

Any changes to your hotel reservation may be done on the hotel room block site up until 72 hours prior to arrival or by emailing lacey@stagedrightevents.com. All change requests are subject to room availability. Please do not call the hotel directly.

NOTE: Hotel reservations are due no later than Friday, February 27, 2015, to receive the NAREIT group rate (pending availability).