REITWise 2016

Detailed Schedule

Tuesday, March 29
3:00pm – 5:00pm	Registration Opens
Wednesday, March 30
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 (Corporate members only)
11:30am – 1:00pm	Senior Financial Officer Luncheon (Corporate members only) Speaker: Ettore Santucci, Partner, Goodwin Proctor LLP
11:30am – 1:00pm	General Counsel Luncheon(Corporate members only)
1:15pm – 3:30pm	Government Relations Committee* PATH Act recap, technical corrections & regulatory issues Partnership tax audits after the 2015 budget bill Current legislative tax issues Treasury/IRS project on Congregate Care Facilities ILM 201606027: “Bad Boy” guarantees and partnership allocations IRS perspectives Accounting for income taxes Co-Chairs: Jeffrey Clark, SVP-Tax & JV Accounting, Host Hotels & Resorts, Inc. Rohn Grazer, Managing Director-Tax, Prologis, Inc. Brian Wood, SVP & CTO, Ventas, Inc. Panelists: Julanne Allen, Assistant to Branch Chief-FI&P, IRS Cathy Barre, SVP, Policy & Politics, NAREIT Dara Bernstein, VP & Sr. Tax Counsel, NAREIT Paul Chambers, Partner-Tax, KPMG LLP Jeffrey Clark, SVP-Tax & JV Accounting, Host Hotels & Resorts, Inc. Tony Edwards, EVP & General Counsel, NAREIT James Finnerty, SVP-Tax, Forest City Realty Trust, Inc. Andrea Hoffenson, Branch Chief-FI&P, IRS Joseph Howe, Partner, Arnold & Porter LLP Richard Lipton, Partner, Baker & McKenzie, LLP Jack Miller, VP-Tax Planning, Ventas, Inc. Donald Susswein, Principal, Washington National Tax, RSM US LLP
3:00pm – 4:30pm	Accounting Committee* Update on SASB Standard Setting State of Real Estate Non-GAAP Reporting FASB financial performance reporting research project FASB financial instruments – recognition and measurement standard FASB financial instruments – credit losses standard Co-Chairs: Glenn Cohen, EVP-CFO & Treasurer, Kimco Realty Corporation Keri Shea, SVP-Finance & Treasurer, AvalonBay Communities, Inc. Stephen Theriot, CFO, Vornado Realty Trust Moderator: Christopher Drula, VP-Financial Standards, NAREIT Panelists: Daniel Goerlich, Director, PwC Christopher Merchant, Partner, PwC Thomas Riesenberg, Consultant, Sustainability Accounting Standards Board Kirk Rogers, Partner, Grant Thornton LLP George Yungmann, SVP-Financial Standards, NAREIT
4:30pm – 6:00pm	Insurance Committee* Open Carry Laws –What REITs Need to Know Cyber Insurance – Where Are We? And What Lies Ahead? National Flood Insurance Program–Legislative Update NAREIT Directors & Officers Liability Insurance Program with Arch Chair: Michael Horvath, SVP-Risk Management, Simon Property Group, Inc. Panelists: Michael Chu, VP, Arch Insurance Stephen Kelly, Associate Director, Crystal & Company Victoria Rostow, SVP-Policy & Regulatory Affairs, NAREIT James Schibuk, VP, Arch Insurance Carey Venditti, Shareholder, Greenberg Traurig, LLP Jeffrey Zaffino, Underwriting Manager, Arch Insurance
4:30pm – 6:00pm	State & Local Tax Subcommittee* State Implications of the PATH Act: FIRPTA, built-in gains period reduction, statutory conformity (U.S. REIT Act provisions) Proposed Legislation: CA (Prop 13 and related issues); HI (DPD Repeal); PA; and other states Proposed Regulations: CA (dividend sourcing) Franchise Tax Developments: PA; TN; and MO Co-Chairs: Joseph Gurney, Director-Multistate Tax, Deloitte Tracy Swearingen, SVP-Taxation, Duke Realty Corporation Moderator: Lisa Schmaltz, Director-Tax Accounting & REIT Compliance, Welltower, Inc. Panelists: Sean Kanousis, Principal, PwC Scott Smith, Partner, BDO USA, LLP Andrew VandenBrul, Partner-State & Local Tax, KPMG LLP
6:00pm – 7:30pm	Opening Reception
*Open to all REITWise Registrants
Thursday, March 31
7:00am – 4:00pm	Registration
7:00am – 4:00pm	Networking Room
7:00am – 9:00am	Networking Breakfast Buffet
8:00am – 9:30am	General Session: State of the Capital Markets: End of the World (REM) Cap rates and stock multiples as the Fed increases rates Outlook for 2016 strategic activity - more privatizations or public-to-public deals? Credit landscape More listed REITs from private equity, PNLR liquidity events and new entrants? Welcome: Steven Wechsler, President & CEO, NAREIT Moderator: Neil Wolitzer, Managing Director, Goldman Sachs & Co. Panelists: Thomas Carr, Managing Partner, Federal Capital Partners Ronald Dickerman, President & Founder, Madison International Realty Michael Nash, Executive Chairman of the Board of Directors, Blackstone Mortgage Trust, Inc. Sarah Wade, SVP & Sr. Research Analyst, Nuveen Asset Management
9:30am – 9:45am	Networking Break
9:45am – 11:00am	Concurrent Session 1: Fixing a Hole Where the REIT Fell In: Fixing a Hole (The Beatles) Relief provisions in the real world Re-electing REIT status after termination Deficiency dividends Closing agreements Working through successor entity diligence, opinion, and liability issues Moderator: Craig Stern, EVP-Tax & Compliance, Vornado Realty Trust Panelists: Peter Genz, Partner-Tax, King & Spalding Leslie Honig, Sr. Program Specialist, IRS David Silber, Deputy Associate Chief Counsel, Financial Institutions & Products , Internal Revenue Service Dianne Umberger, Principal, EY
9:45am – 11:00am	Concurrent Session 2: City of the Future: Somewhere Over the Rainbow (Israel Kamakawiwo’ole) Impact of innovation and technology on real estate How disruptive start-ups like Airbnb and Uber will change the face of real estate Multi-platform retailing Moderator: Stephen Theriot, CFO, Vornado Realty Trust Panelist: Eamonn Kelly, CMO, Deloitte Consulting LLP Anita Kramer, SVP Center for Capital Markets & Real Estate, Urban Land Institute Jesse Tron, VP-Communications, International Council of Shopping Centers
9:45am – 11:00am	Concurrent Session 3: The Future of Financial Reporting: When I’m Sixty-Four (The Beatles) SEC strategic plan FASB’s strategic plan Market preferences for Non-GAAP metrics Moderator: George Yungmann, SVP-Financial Standards, NAREIT Panelists: Russell Golden, Chair, Financial Accounting Standards Board Wesley Bricker, Deputy Chief Accountant, U.S. Securities and Exchange Commission
9:45am – 11:00am	Concurrent Session 4: Housing Finance Potpourri: Ka-Ching! (Shania Twain) Private label securities FHLB membership GSE reform after 2016? Moderator: Daniel Grattan, VP, Annaly Capital Management, Inc. Panelists: Christopher Brown, Staff to Representative Blaine Luetkemeyer, U.S. House of Representatives Anne Canfield, President, Canfield & Associates, Inc. Laurie Goodman, Director-Housing Finance Policy Center, Urban Institute John von Seggern, President & CEO, Council of Federal Home Loan Banks
9:45am – 11:00am	Concurrent Session 5: Timberland REIT Roundtable: Timber (Pitbull) PATH Act changes impacting timberland REITs Timberland REIT PLRs Definition of real estate under tax reform Discussion leaders: Karen Balek, Sr. Director-Tax, Weyerhaeuser Scott Winer, VP-Taxes, Rayonier Inc.
11:00am – 11:15am	Networking Break
11:15am – 12:30pm	Concurrent Session 1: State and Local Taxes: Salt (Liz Wright) Optimal structures for state investment State apportionment/market sourcing Unitary/combined reporting issues, particularly for UPREITs Indirect taxes: sales/use tax; Hawaii GET; TRS services; gross receipts, LLC fees; business fees; transfer taxes; LA gross receipts Ongoing federal/state nonconformity issues (NOLs; CODI; depreciation) Audit update Moderator: William DeKlerk, Sr. Director-Tax, Essex Property Trust Panelists: Darren Chesser, Director-Tax, RLJ Lodging Trust Sam Melehani, Partner, PwC Michele Randall, Partner-Tax, EY
11:15am – 12:30pm	Concurrent Session 2: Governance: Elected (Alice Cooper) Proxy issues: lessons learns and what to expect in 2017 ISS guidelines Investor perspectives Moderator: Eric Kevorkian, SVP & Sr. Corporate Counsel, Boston Properties, Inc. Panelist: Donna Anderson, VP & Global Corporate Governance Analyst, T. Rowe Price Associates, Inc. Zachary Oleksiuk, Head-Corporate Governance & Responsible Investment-Americas, Blackrock Bruce Strohm, EVP & General Counsel, Equity Residential
11:15am – 12:30pm	Concurrent Session 3: Tax Reform Debate: Take the Money and Run (Steve Miller Band) Economic drivers for tax reform Political dynamics Possible paths toward reform Moderator: Cathy Barre, SVP-Policy & Politics, NAREIT Panelists: Kenneth Kies, Managing Director, The Federal Policy Group (former Chief of Staff, Joint Committee on Taxation) Russell Sullivan, Partner, McGuire Woods (former Staff Director, Senate Finance Committee)
11:15am – 12:30pm	Concurrent Session 4: Treasurer Takeaways: For The Love of Money (The O’Jays) Managing through capital market volatility Responding to discounted NAV valuations Cybersecurity and other technology risks Moderator: Kelly Shiflett, VP-Finance & Treasurer-Capital Markets, Washington REIT Panelist: Gregory Andrews, CFO, CyrusOne Inc. Finley Horner, VP-Treasury Sales, SunTrust Bank Mark Wallace, CFO & Treasurer, Communications Sales & Leasing, Inc.
12:30pm – 12:45pm	Networking Break
12:45pm – 2:30pm	Lunch General Session: State of the Real Estate Markets: Our House (Crosby, Stills & Nash) Speaker: Spencer Levy, Americas Head of Research, CBRE Spencer Levy
2:30pm – 2:45pm	Networking Break
2:45pm – 4:00pm	Concurrent Session 1: REIT Taxes All Around Us: Tax Man (The Beatles) REIT and Operating Partnership M&A Issues Can a REIT be a market leader with customary services? Managing REIT risk in non-controlled JVs Moderator: Brian Wood, SVP & Chief Tax Officer, Ventas, Inc. Panelists: Michael Brody, Partner, Latham & Watkins David Lee, Partner, KPMG LLP Kathy Miller, SVP-Financial Services & Tax, Regency Centers Corporation Andrew Needham, Partner, Cravath, Swaine & Moore
2:45pm – 4:00pm	Concurrent Session 2: Public Non-listed REITs: The Middle (Jimmy Eat World) Trailing commissions and life after FINRA Notice 15-02 DOL fiduciary rule NASAA proposed limits on DPP investments Best practices in computing NAVs for customer account statements Moderator: Rosemarie Thurston, Partner, Alston & Bird LLP Panelists: David Lazarus, Sr. Managing Director, Eastdil Secured Ross Prindle, Managing Director, Duff & Phelps, LLC Thomas Sittema, CEO & President, CNL Financial Group
2:45pm – 4:00pm	Concurrent Session 3: SEC Legal Issues: Money (Pink Floyd) Comment letters and how best to respond Clawback rule Pay ratio compensation rule Moderator: Michael McTiernan, Partner, Hogan Lovells LLP Panelists: Sonia Barros, Assistant Director-Division of Corporation Finance, Securities and Exchange Commission Judith Fryer, Shareholder, Greenberg Traurig, LLP Jeffrey Miller, SVP, General Counsel & Secretary, Highwoods Properties, Inc. David Roberts, Partner, Goodwin Procter LLP
2:45pm – 4:00pm	Concurrent Session 4: PCAOB Issues: Who Are You (The Who) PCAOB Impact on Financial Executives Latest developments in PCAOB Auditing Standard Setting Center for Audit Quality initiatives Moderator: Lori Silverstein, VP & Controller, Boston Properties, Inc. Panelists: Robert Herz, Former Chair, Financial Accounting Standards Board Catherine Nance, Sr. Director-Professional Practice, The Center for Audit Quality Marc Panucci, Partner, PwC Melanie Pinto, Director-Accounting Policy, Annaly Capital Management, Inc.
2:45pm – 4:00pm	Concurrent Session 5: Due Diligence: Taking Care of Business (Bachman-Turner Overdrive) Pre-purchase assessments Asset management and sustainment programs Case studies Moderator: Steven Moore, Managing Director, KPMG LLP Panelists: Michael McGillis, Facility Assessor, Tetra Tech, Inc. Baris Ipeker, VP-Investments & Legal Counsel, Federal Realty Investment Trust Michael Rusche, Director-Asset Manager. EPR Properties
Friday, April 1
7:30am – 12:15pm	Registration
7:30am – 12:15pm	Networking Room
8:00am – 9:15am	Breakfast General Session: Breakfast at Tiffany’s (Deep Blue Something) Speakers: E.J. Dionne, author, op-ed columnist for The Washington Post and Sr. Fellow, Brookings Institute William Kristol, editor of The Weekly Standard and political analyst E.J. Dionne William Kristol
9:15am – 9:30am	Networking Break
9:30am – 10:45am	General Session: Privatization Primer - Re-learning the Lessons from the 2005-2007 Cycle: Get Ready (Temptations) Market checks by REIT boards Executive compensation and retention Special UPREIT considerations Strategic versus financial considerations Moderator: Alex Rubin, Managing Director, Moelis & Company Panelists: Dirk Aulabaugh, Managing Director-Consulting & Advisory, Green Street Advisors Adam Emmerich, Partner, Wachtell, Lipton, Rosen & Katz Jonathan Klassen, EVP & General Counsel, BioMed Realty Trust, Inc. Ann McCormick, former EVP, General Counsel & Secretary, Home Properties, Inc.
10:45am – 11:00am	Networking Break
11:00am – 12:15pm	Concurrent Session 1: Financial Standards Update: I Don’t Want to Miss a Thing (Aerosmith) Leases Revenue from contracts with customers Clarifying the definition of a business Consolidation Moderator: Christopher Drula, VP-Financial Standards, NAREIT Panelists: Christopher Dubrowski, Partner, Deloitte LLP Michelle Montes, Assurance Partner, EY Keri Shea, SVP-Finance & Treasurer, AvalonBay Communities, Inc.
11:00am – 12:15pm	Concurrent Session 2: REIT Tax Issues When You Arrive at Work: Every Day (Rascal Flatts) Preferential Dividends Post PATH Act: Still Relevant Impermissible Tenant Services Income Managing Taxable Income: Accelerated Depreciation Post-PATH Act; Like Kind Exchanges; Repair Regulations; Etc. Tax Automation: Monitoring REIT Compliance More Efficiently Moderator: Carol Bradshaw, SVP-Tax, Westfield Corporation Panelists: Joshua Cox, VP-Tax, Tanger Factory Outlet Centers, Inc. Mark Patterson, VP-Taxation, Duke Realty Corporation Charles Temkin, Director, Deloitte LLP
11:00am – 12:15pm	Concurrent Session 3: General Counsel Perspectives: Lawyers, Guns and Money (Warren Zevon) Internal control issues (internal auditors, audit committee, cybersecurity challenges) Interacting with the Board Managing the legal department and coordinating with outside counsel Moderator: Jeffery Curry, CLO, CBL & Associates Properties, Inc. Panelists: Elizabeth Abdoo, EVP, General Counsel & Secretary, Host Hotels & Resorts, Inc. James Hanks, Partner, Venable LLP Pamela Roper, SVP-General Counsel & Corporate Secretary, Cousins Properties George Schmidt, Member, Frost Brown Todd
12:15pm	Program Concludes

Education

CPE/CLE Information

Conference educational and networking activities are open only to registered attendees. Your badge is proof of registration and is required for admission to all conference activities and functions. There is an RFID tracking chip in each badge that will be used to track your session attendance and duration.

Up to 19 hours of CPE credits are available

Up to 17 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 submitted 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 credits may be earned at REITWise 2016®: NAREIT's Law, Accounting & Finance Conference. This conference is an intermediate level course geared toward the tax, accounting, and special knowledge fields. The course presentation method is Group Live, and no advance preparation is required.

For more information regarding administrative policies such as complaint and refund, please contact Katelyn Rowland at krowland@nareit.com or 202-739-9443.

NASBACPE

If you are interested in sponsoring REITWise 2016, please view the Sponsorship Brochure and submit your Interest Form.

For additional sponsorship information and questions, please contact Chris Flood, VP-Business Development, at 202-739-9412 or cflood@nareit.com.
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Sourcebook 2016

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8:00am – 11:15am Best Financial Practices Council (by invitation only)

Luncheons

9:30am – 1:00pm Tax Director Meeting & Luncheon (Corporate members only)

11:30am – 1:00pm Senior Financial Officer Luncheon (Corporate members only)

11:30am – 1:00pm General Counsel Luncheon (Corporate members only)