JW Marriott Desert Ridge Resort & Spa
Phoenix
AZ
March 31 — April 2, 2015
Event description

 

Registration Is Open! Register NOW

Hotel Information  /  Schedule  /  Prices & Policies  /  Questions?

REITWise 2015®: NAREIT's Law, Accounting & Finance Conference® provides attendees with a broad, yet focused educational program that presents a clear picture of current political, economic and market events that impact legal, financial, tax and accounting operations within REITs and publicly traded real estate companies.

REITWise is being held March 31 – April 2, 2015, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ.

 

 

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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

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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.

NASBACPE

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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.

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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

 

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

 

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

 

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

 

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

 

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

 

Financial Standards Current Topics

9:45am – 11:00am           

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

Panel Presentations and Supporting Materials

 

Roundtables

9:45am – 11:00am                                                      

Business Intelligence and Data Analytics

Single Family Housing REITs

 

SEC Legal Issues

11:15am – 12:30pm

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

Panel Presentations and Supporting Materials

 

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

 

Roundtables

11:15am – 12:30pm                                                                        

Treasurers' Corner

Social Media

Supplemental Information 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

 

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

 

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

 

Roundtables

2:45pm – 4:00pm            

Mortgage REITs

Enterprise Risk Management and Public Real Estate Companies

 

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

 

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

 

Roundtables

9:30am – 10:45am

Public Non-listed REITs

Sustainability Issues

 

SEC Financial Reporting Issues

11:00am – 12:15pm        

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

Panel Presentations and Supporting Materials

 

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

 

Roundtable

11:00am – 12:15pm        

Historic and New Market Credits

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.

This Sourcebook is provided as a benefit to REITWiseTM attendees and purchasers of the Sourcebook only. Permission is granted to registered REITWise attendees and REITWise Sourcebook purchasers to download the Sourcebook materials for their personal use. Sharing Sourcebook access information or downloading Sourcebook materials to forward or provide copies to others is prohibited.

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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.

Download the App now

OR

SEARCH: iTunes and Google Play for REITWise 2015

SCAN:  

For all other web-enabled devices, including those listed above and Blackberry, enter m.core-apps.com/reitwise2015 to be automatically directed to the proper download version for your phone. 

Should you have any questions, please contact 

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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

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:

Tax Reform Developments:

OECD:

FIRPTA Reform:

AIFMD:

Main Street Fairness:

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

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

 

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

 

Discussion of Current & Future Real Estate Market

 

Panel Presentations and Supporting Materials

 

Financial Instruments Developments

 

  • Recognition and measurement
  • Credit impairment
  • Hedging

Panel Presentations and Supporting Materials

 

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

 

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

 

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

 

Partnership Tax Issues Encountered by REITs 

 

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

Panel Presentations and Supporting Materials

 

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

 

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

 

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

 

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

 

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

 

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

 

Roundtables

 

Cybersecurity

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

Panel Presentations and Supporting Materials

Human Resources

  • Fostering leadership
  • Mentoring/motivating staff
  • Compensation issues

Panel Presentations and Supporting Materials

Mortgage REITs

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

Panel Presentations and Supporting Materials

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

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

 

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

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

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

 

View All Session Material in a Single PDF

Note: This file 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.

This Sourcebook is provided as a benefit to REITWiseTM attendees and purchasers of the Sourcebook only. Permission is granted to registered REITWise attendees and REITWise Sourcebook purchasers to download the Sourcebook materials for their personal use. Sharing Sourcebook access information or downloading Sourcebook materials to forward or provide copies to others is prohibited.  To purchase access to the Sourcebook please contact Member Services at websupport@reit.com.

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

Registration Fees On or Before February 27, 2015    After February 27, 2015
Corporate Member* $1,045 $1,145
Individual Member $1,345 $1,445
Tax Exempt Member $600 $700
Non-Member** $2,045 $2,145

 

 

 
Optional Spouse Registration Fees
Full Spouse Registration
Includes Opening Reception, access to Networking Room and all meal functions
$275 $275
Spouse Ticket for only the Tuesday Opening Reception $110 $110

*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).

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The REITWise® Sourcebook is available in a complimentary downloadable format on NAREIT's Web site for registered attendees by clicking here.

If you are having difficulty logging in to the REITWise Sourcebook, please feel free to contact Member Services at WebSupport@REIT.com.

This Sourcebook is provided as a benefit to REITWise® attendees and purchasers of the Sourcebook only. Permission is granted to registered REITWise attendees and REITWise Sourcebook purchasers to download the Sourcebook materials for their personal use. Sharing Sourcebook access information or downloading Sourcebook materials to forward or provide copies to others is prohibited.

If you did not attend REITWise® the Sourcebook materials are available for purchase here.

 

If you have any questions regarding the REITWise Sourcebook, please feel free to contact websupport@reit.com or (202) 739-9400.

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Monday, March 30
3:00pm – 5:00pm Registration Opens
Tuesday, March 31
7:30am – 6:30pm Registration
7:30am – 6:30pm Networking Room
8:00am – 11:15am Best Financial Practices Council (by invitation only)
9:30am – 1:00pm Tax Director Meeting & Luncheon (by invitation only)
11:30am – 1:00pm Senior Financial Officer Luncheon (by invitation only)

Speaker:
Adam Thomas, Principal, Deloitte LLP
11:30am – 1:00pm General Counsel Luncheon (by invitation only)
1:15pm – 2:45pm Accounting Committee*
  • 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
Co-Chairs:
Glenn Cohen, EVP, CFO & Treasurer, Kimco Realty Corporation
Ian Kaufman, SVP & CAO, Equity Residential
Stephen Theriot, CFO, Vornado Realty Trust

Moderator:
Keri Shea, SVP-Finance & Treasurer, AvalonBay Communities, Inc.

Panelists:
Kimber Bascom, Partner, KPMG LLP
Christopher Drula, VP-Financial Standards, NAREIT
Mark Mahar, Partner, EY
Julie Valpey, Partner, BDO USA, LLP
3:00pm – 4:30pm Government Relations Committee*
  • Treasury Department and IRS officials' presentations
  • FIRPTA and tax reform legislative developments
  • OECD/BEPS update
  • Alternative Investment Fund Managers Directive
Co-Chairs:
Jeffrey Clark, SVP-Tax & JV Accounting, Host Hotels & Resorts
Rohn Grazer, Managing Director-Tax, Prologis
Brian Wood, SVP & Chief Tax Officer, Ventas

Panelists:
Julanne Allen, Assistant to Branch Chief-FI&P, IRS
Dara Bernstein, Sr. Tax Counsel, NAREIT
Tony Edwards, EVP & General Counsel, NAREIT
Andrea Hoffenson, Branch Chief-FI&P, IRS
Michael Novey, Associate Tax Legislative Counsel, Office of Tax Policy, U.S. Treasury Department
4:30pm – 6:00pm Insurance Committee*
  • Cyber liability insurance
  • Soft insurance markets/excess capacity
  • Interactive Discussion: Key risk areas affecting REITs
  • Terrorism Risk Insurance Act (TRIA)
  • NAREIT's D&O Insurance Program
Chair & Discussion Leader:
Michael Horvath, SVP-Risk Management, Simon Properties

Moderator:
Sheldon Groner, EVP-Finance & Operations, NAREIT

Panelists:
James Blinn, EVP & Global Project Manager, Advisen
Michael Chu, VP & National Practice Leader-REITs, Arch Insurance Group Inc.
Joseph Downey, SVP, Willis
Tony Edwards, EVP & General Counsel, NAREIT
Melissa Lishner, Director, Crystal & Co.
Jeffrey Zaffino, Underwriting Manager, Arch Insurance Group Inc.
4:30pm – 6:00pm State & Local Tax Subcommittee*
  • Key state developments: NY, CA, HI, PA, TN, and others
  • Trends in combined reporting, nexus, and tax base
  • Allocation and apportionment developments

Moderator:
Sam Melehani, Tax Partner, PwC

Panelists:
Thomas Bone, VP-Tax, Crown Castle International Corp.
Theresa Esparza, VP-Tax, Spirit Realty Capital
Joseph Gurney, Director, Deloitte LLP
Sean Kanousis, Principle, PwC
Michele Randall, Tax Partner, EY
6:00pm – 7:30pm Opening Reception
*Open to all REITWise Registrants
Wednesday, April 1
7:30am – 4:00pm Registration
7:30am – 4:00pm Networking Room
7:30am – 9:00am Networking Breakfast Buffet
8:00am – 9:30am General Session: State of the 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

Welcome:
Steven Wechsler, President & CEO, NAREIT

Moderator:
Mark Decker, Jr., Managing Director & Head-the U.S. Real Estate, Lodging & Leisure Group, BMO Capital Markets

Panelists:
Joel Beam, VP & Portfolio Manager, Forward Management
Daniel Heberle, Principal, Keybank
Sheila McGrath, Managing Director, Evercore Partners
Christopher Volk, President & CEO, STORE Capital Corporation
9:30am – 9:45am Networking Break
9:45am – 11:00am Concurrent Session 1: General Counsels' Agenda
  • In-house as gatekeepers
  • Governance, risk and compliance in 2015
  • Crisis management plans
  • Enforcement issues
  • Dodd-Frank clawback rules

Moderator:
Shirley Goza, General Counsel-Legal, QTS Realty Trust, Inc.

Panelists:
Daniel Adams, Partner, Goodwin Procter LLP
Frank Burt, SVP & General Counsel, Boston Properties, Inc.
Elizabeth Sacksteder, Partner, Paul Weiss
9:45am – 11:00am Concurrent Session 2: REIT Tax Potpourri
  • Defining customary services
  • Pitfalls of “baby REITs”
  • Transfer pricing update
  • Practical Issues

Moderator:
Michael Stauffer, VP-Taxes, Kilroy Realty Corporation

Panelists:
Nabil Andrawis, EVP & Director-Taxation, Lexington Realty Trust
Adam Handler, Principal, PwC
Ross Wehman, VP-Tax, Camden Property Trust
Jennifer Weiss, Shareholder, Greenberg Traurig
9:45am – 11:00am Concurrent Session 3: Key Drivers Impacting a REIT's 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

Moderator:
Mark Denien, EVP & CFO, Duke Realty Corporation

Panelists:
Scott Eisen, Managing Director, Citi
Douglas Funke, Managing Director & Global Portfolio Manager, Forum Securities Ltd.
Lukas Hartwich, Analyst, Green Street Advisors
9:45am – 11:00am Concurrent Session 4: Roundtables
  • Public Non-Listed REITs
    • Preparing for new customer statement rule
    • Liquidity events
    • DOL fiduciary standard rule
    • Becoming a PNLR
    • Moving from PNLR to Publicly Traded space
    Discussion Leaders:
    Peter Fass, Partner, Proskauer
    Sharon Kroupa, Partner, Venable LLP
    Kevin Shields, Chairman & CEO, Griffin Capital Essential Asset REIT Inc.
  • Mortgage REITs
    • Agency REITs moving into other debt and equity investments
    • FHFA membership rule
    • GSE reform
    Discussion Leaders:
    Jack DeCicco, CFO, Annaly Commercial Real Estate Group Inc.
    Phillip Reinsch, EVP, CFO & Secretary, Capstead Mortgage Corporation
11:00am – 11:15am Networking Break
11:15am – 12:30pm Concurrent Session 1: Communications Issues for REITs - Analysts, Investors and Social Media 
  • Guiding corporate communications strategies
  • Disclosure issues
  • REITs and Reg FD
  • Emerging growth company filings and other JOBS Act issues
Moderator:
David Bonser, Head-Equity & US Debt Capital Markets, Hogan Lovells

Panelists:
J. Gerard Cummins, Partner, Sidley Austin LLP
Julian Kleindorfer, Partner, Latham & Watkins LLP
Kay Tidwell, EVP & General Counsel, Hudson Pacific Properties, Inc.
11:15am – 12:30pm Concurrent Session 2: Still More REIT Tax Issues
  • Tax due diligence leading practices
  • Managing built-in gains
  • Internal controls in the tax function
Moderator:
Adam Cohen, Executive Director-Tax, W. P. Carey Inc.

Panelists:
Lynn Kawaminami, Partner-Tax, Deloitte LLP
Roger Laty, VP-Tax, UDR, Inc.
Courtney Sargent, Sr. Manager, PwC
Steven Szymanski, SVP-Tax, American Tower Corporation
11:15am – 12:30pm Concurrent Session 3: Roundtables
  • 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
    Discussion Leader:
    Susan Eberly, Assistant Treasurer, Inland Real Estate Corporation
    Michael Smith, VP-Treasury, Ventas, Inc.
    Leah Stearns, VP-Investor Relations & Treasurer, American Tower Corporation
  • Office/Mixed Use REITs
    • Impact of technology
    • Supply/demand equation
    • Evolution of tenant space needs
    • ATM disclosure
    Discussion Leaders:
    Pamela Roper, SVP, General Counsel & Corporate Secretary, Cousins Properties Inc.
    Tyler Rose, EVP & CFO, Kilroy Realty Corporation
12:30pm – 12:45pm Networking Break
12:45pm – 2:30pm


Kerry Vandell
Lunch General Session - Discussion of the Current and Future Real Estate Markets

Speaker: Kerry Vandell, Director-Center for Real Estate, University of California-Irvine
 
2:30pm – 2:45pm Networking Break
2:45pm – 4:00pm Concurrent Session 1: Financial Instruments Developments
  • Recognition and measurement
  • Credit impairment
  • Hedging
Moderator:
Andrew Corsini, Partner, KPMG LLP

Panelists:
Steven Broadwater, SVP & CAO, Simon Property Group, Inc.
Daniel Gentzel, Managing Director, Chatham Financial
Serena Wolfe, Partner, EY
Steven Yarad, CFO, MFA Financial, Inc.
2:45pm – 4:00pm Concurrent Session 2: Partnership Tax Issues Encountered by REITs
  • LTIPs
  • Disguised sale and liability allocations
  • Mergers and Divisions
  • Preferential interests
Moderator:
Kathleen Courtis, SVP, General Growth Properties, Inc.

Panelists:
Steven Adler, VP-Taxation, Acadia Realty Trust
Terence Cuff, Of Counsel, Loeb & Loeb LLP
Richard Lipton, Partner, Baker & McKenzie, LLP
Craig Schultz, SVP-Strategic Finance & Tax, DDR Corp.
2:45pm – 4:00pm Concurrent Session 3: Roundtables
  • Human Resources
    • Fostering leadership
    • Mentoring/motivating staff
    • Compensation issues
    Discussion Leaders:
    Denise Dank, SVP-Chief HR Officer, Duke Realty Corporation
    Ellen Jacobs, SVP-Corporate Services, Digital Realty
  • Timber REITs
    • Legislative/tax reform proposals
    • IRS audit issues
    • Promoting wood products in the sustainability context
    • Transactions with conservation groups
    Discussion Leaders:
    Daniel McKeithen, Partner, Sutherland
    Paul Stamnes, VP-Tax, Plum Creek Timber Company, Inc.
4:00pm – 5:00pm Happy Hour
 
Thursday, April 2
7:30am – 12:15pm Registration
7:30am – 12:15pm Networking Room

8:00am – 9:15am
Michelle Malkin
Michelle Malkin

Kirsten Powers
Kirsten Powers

Breakfast General Session

Speakers:

Michelle Malkin, Fox News contributor and syndicated columnist
Kirsten Powers, USA TodayNewsweek and The Daily Beast

9:15am – 9:30am Networking Break
9:30am – 10:45am Concurrent Session 1: NOI/FFO as GAAP Metrics - A Possibility?
  • Dialogue on FASB’s project
  • Relation to non-GAAP metrics like NOI and FFO
Moderator:
George Yungmann, SVP-Financial Standards, NAREIT

Panelists:
Marc Siegel, Board Member, Financial Accounting Standards Board
David Smetana, Managing Director, Morgan Stanley
9:30am – 10:45am Concurrent Session 2: Tax Issues Arising from Inbound Investments into U.S. REITs
  • FIRPTA, FIRPTA, FIRPTA!
  • Sovereign wealth funds as co-investors
  • Fund/alternative investment vehicle (“AIV”) investments
Moderator:
Cristina Arumi, Partner, EY

Panelists:
James Croker, Partner, Alston & Bird LLP
Rohn Grazer, Managing Director-Tax, Prologis, Inc.
Ameek Ponda, Partner & Director-Tax Department, Sullivan & Worcester LLP
9:30am – 10:45am Concurrent Session 3: Roundtables
  • Retail REITs
    • Shopper experience
    • Evolution of enclosed malls
    • Small buildings
    • What will the industry look like in 10 years?
    Discussion Leader:
    Jeffery Curry, Chief Legal Officer, CBL & Associates Properties, Inc.
    Robert McCadden, EVP & CFO, Pennsylvania Real Estate Investment Trust
    Farzana Mitchell, EVP, CFO & Treasurer, CBL & Associates Properties, Inc.
  • 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
    Discussion Leaders:
    Jeffrey Bedell, VP-Sustainability, Macerich
    Jody Clark, VP, Hannon Armstrong Sustainable Infrastructure Capital, Inc.
    Marla Thalheimer, Director-Sustainability, Liberty Property Trust
10:45am – 11:00am Networking Break
11:00am – 12:15pm Concurrent Session 1: SEC Financial Reporting Issues
  • SEC “report card” of 2014 REIT reporting and preview of 2014 10K reviews
  • FASB projects
  • PCAOB initiatives
Moderator:
Christopher Dubrowski, Partner, Deloitte LLP

Panelists:
Sonia Barros, Assistant Director-Division of Corporation Finance, Securities & Exchange Commission
John Gottfried, Partner, PwC
Ian Kaufman, SVP & CAO, Equity Residential
Kirk Rogers, Partner, Grant Thornton LLP
11:00am – 12:15pm Concurrent Session 2: Shareholder Activism and 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
Moderator:
David Slotkin, Partner, Morrison & Foerster LLP

Panelists:
Donald Hammett, Partner, Dentons US LLP
Lauren Prevost, Partner, Morris, Manning & Martin LLP
Jordan Ritter, SVP & General Counsel, Essex Property Trust, Inc.
Anthony Rothermel, Partner, King & Spalding
11:00am – 12:15pm Concurrent Session 3: Roundtable
  • Cybersecurity
    • Preparing for cyberwar
    • Best practices
    • Use of outside consultants
    • Internal education
    Discussion Leaders:
    Anthony Buffomante, Principal, KPMG LLP
    Kurt Manske, VP-Compliance & Corporate Information Technology, QTS Realty Trust, Inc.
    Heidi Roth, EVP, CAO & Controller, Kilroy Realty Corporation
12:15pm Program Concludes