Detailed Schedule

 REITWise 2017

 

The Onsite Program is Now Available Here!

 

Tuesday, March 21
3:00 PM – 5:00 PM Registration Opens
Wednesday, March 22
7:30 AM – 6:30 PM Registration
7:30 AM – 6:30 PM Networking Room
8:00 AM – 11:15 AM Best Financial Practices Council (by invitation only)
9:30 AM – 1:00 PM Tax Director Meeting & Luncheon (corporate members only)
11:30 AM – 1:00 PM Senior Financial Officer Luncheon (corporate members only)

Speaker:

Gilbert Menna, Partner & Co-Chair-Real Estate & Real Estate Capital Markets Practice, Goodwin
11:30 AM – 1:00 PM General Counsel Luncheon (corporate members only)
1:15 PM – 2:45 PM Accounting Committee*
  • Non-GAAP measures beyond FFO
  • FASB agenda consultation
  • Implementation of new credit loss standard
  • Disclosure effectiveness project
Moderator:
Christopher Drula, VP-Financial Standards, NAREIT

Panelists:
David Augustyn, Partner-Deal Advisory, KPMG LLP
Brandon Landas, Partner-National SEC Department, BDO USA, LLP
G. Wyndham Smith, Partner, Deloitte LLP
George Yungmann, SVP-Financial Standards, NAREIT
3:00 PM – 4:30 PM Government Relations Committee*
  • Real estate consequences of fundamental tax reform
  • IRS officials on PLRs and Guidance Plan items
  • Current state of partnership tax audit guidance
  • Dodd-Frank reform/repeal
Moderators:
Rohn Grazer, Managing Director-Tax, Prologis, Inc.
Brian Wood, SVP & Chief Tax Officer, Ventas, Inc.

Panelists:
Julanne Allen, Assistant to the Branch Chief-Financial Institutions & Products, Internal Revenue Service
Andrea Hofferson, Branch Chief-Financial Institutions & Products, Internal Revenue Service
Michael Novey, Associate Tax Legislative Counsel, U.S. Treasury Department
Ameek Ponda, Partner & Director- Tax Department, Sullivan & Worcester LLP
Donald Susswein, Principal, RSM US LLP

Staff Liaisons:
Catherine Barre, SVP-Policy & Politics, NAREIT
Dara Bernstein, SVP & Tax Counsel, NAREIT
Tony Edwards, EVP & General Counsel, NAREIT
Victoria Rostow, SVP-Policy & Regulatory Affairs, NAREIT
4:30 PM – 6:00 PM Insurance Committee*
  • Cyber Security from a Washington Perspective
  • Policy/Legal Update
  • NAREIT Directors & Officers Liability Insurance Program with Arch
Chair:
Michael Horvath, SVP-Risk Management, Simon Property Group, Inc.

Panelists:
Michael Chu, VP & National Practice Leader-REITs, Arch Insurance Group Inc.
Stephen Kelly, Director, Crystal & Co.
Victoria Rostow, SVP-Policy & Regulatory Affairs, NAREIT
Ari Schwartz, Managing Director-Cybersecurity Services, Venable LLP
Howard Sider, Underwriting Manager-Executive Assurance, Arch Insurance Group Inc.
4:30 PM – 6:00 PM State & Local Tax Subcommittee*
  • Impact of tax reform on state and local taxes
  • State and local updates
  • Impact of BBA partnership audit rules
  • Addressing federal to state adjustments
  • Allocation of built-in gains among states
Co-Chairs:
Joseph Gurney, Director, Deloitte LLP
Tracy Swearingen, SVP-Taxation, Duke Realty Corporation

Panelists:
Drew Adams, VP & Director-Tax, Public Storage
Sam Melehani, Tax Partner, PwC
Michele Randall, Tax Partner-Real Estate SALT Leader, EY
Scott Smith, National Technical Practice Leader-State & Local Tax, BDO USA LLP
6:00 PM – 7:30 PM Welcome Reception
*Open to all REITWise Registrants
Thursday, March 23
7:00 AM – 5:00 PM Registration
7:00 AM – 4:30 PM Networking Room
7:00 AM – 9:00 AM Networking Breakfast Buffet
8:00 AM – 9:30 AM General Session: State of the Capital Markets
  • Impact of Administration policy plans on the markets
  • Caps rates and stock multiples as the Fed increases rates
  • Outlook for 2017 strategic activity - more privatizations or public to public deals?
  • Credit landscape
  • Waiver discount as an alternative means to raise capital?
Welcome:
Steven Wechsler, President & CEO, NAREIT

Moderator:
Scott Eisen, Head-North American Real Estate, Citi

Panelists:
David Bouton, Managing Director, Citi
Charles Fitzgerald, Founder & Managing Partner, V3 Capital Management, L.P.
Diana Laing, CFO, American Homes 4 Rent
Jim Sullivan, President-Advisory & Consulting, Green Street Advisors
9:30 AM – 9:45 AM Networking Break
9:45 AM – 11:00 AM Concurrent Session 1: Partnership Planning & Pitfalls
  • UPREIT transactions under the 707/752 regulations
  • Preparing for the partnership audit rules
  • Planning for an avalanche of Subchapter K IRS guidance
  • Working with the proposed fractions rule guidance
Moderator:
Terence Cuff, Of Counsel, Loeb & Loeb LLP

Panelists:
Adam Cohen, SVP-Tax, iStar
Cameron Cosby, Partner, Hogan Lovells
Sanford Presant, Chairman-Real Estate Fund Practice Group, Greenberg Traurig, LLP
Andrea Whiteway, Principal, EY
9:45 AM – 11:00 AM Concurrent Session 2:
Deep Dive # 1: Implementing the Leases Standard
  • The Leases standard is around the corner; what will you do?
  • Accounting for CAM and other “non-lease” expenses
  • Information systems considerations
  • Are lessors/lessees trying to renegotiate current leases
Moderator:
Michael Walsh, SVP & CAO, Boston Properties, Inc.

Panelists:
Alexander Martin, Director-Capital Markets & Accounting Advisory Services, PwC
Scott Muir, Partner, KPMG LLP
Ross Prindle, Managing Director, Duff & Phelps
Jay Wages, Master Principal Sales Consultant, Oracle
9:45 AM – 11:00 AM Concurrent Session 3: SEC Legal Issues
  • CEO pay ratio and other disclosures
  • Guidance on claw backs
  • Proxy items and access
  • Universal ballots
Moderator:
Scott Fenster, SVP-Legal, Equity Residential

Panelists:
Michael Hermsen, Partner, Mayer Brown LLP
Carrie Ratliff, Partner, King & Spalding LLP
David Slotkin, Partner, Morrison & Foerster LLP
9:45 AM – 11:00 AM Concurrent Session 4: Trends
  • Outsourcing, process automation
  • Analytic tools
  • How changes in technology, demographics, federal policy and globalization may impact the real estate market
Moderator:
Joshua Herrenkohl, Principal-EY Global RHC Advisory Leader, EY

Panelists:
Meredith Darnall, VP-Creative & Brand Strategy, General Growth Properties, Inc.
Michael Marchuk, Advisory Partner Director, Blue Prism
Parimala Rao, SVP-Information Technology, SL Green
Ranjini Venkatesan, AVP-Analyst, Moody's Investor Services
9:45 AM – 11:00 AM Roundtable: Sustainability
  • Sustainability disclosure: discussion about how importance and content of sustainability disclosure is evolving for REITs
  • Valuation: do sustainability issues have an impact on the value of REITs? Can it be leveraged for valuation?
  • Sustainability as a risk mitigation
  • Balancing short-term stakeholder expectations with long-term value of having a robust sustainability strategy
Discussion Leaders:
Aaron Binkley, Director-Sustainability, Digital Realty
Daniele Horton, Head-Sustainability, Parkway Properties, Inc.
Fulya Kocak, VP-ESG Issues, NAREIT
11:00 AM – 11:15 AM Networking Break
11:15 AM – 12:30 PM General Session: State of the Real Estate Markets
  • Impact of the election on the real estate markets
  • Balance of supply and demand in major sectors
  • Demographic trends impacting tenant demands
Speakers:
Cedrik Lachance, Director-U.S. REIT Research, Green Street Advisors
Calvin Schnure, SVP-Research & Economic Analysis, NAREIT
John Worth, SVP-Research & Investor Outreach, NAREIT
12:30 PM – 1:45 PM Networking Lunch Buffet
1:45 PM – 3:00 PM Concurrent Session 1: FASB Update
  • Clarifying the definition of business
  • Accounting for partial sales of non-financial assets
  • Accounting for Hedges
Moderator:
Jon Clark, CFO, CAO & Treasurer, Gramercy Property Trust

Panelists:
Robert Barton, VP-Accounting Advisory, Chatham Financial
Jennifer Hillenmeyer, Partner, National Assurance, EY
Kirk Rogers, Partner, Grant Thornton LLP
1:45 PM – 3:00 PM Concurrent Session 2: Activist Investors
  • Who are they and what do they want?
  • Legal and management strategies in interacting with activists
  • Comparison with non-REIT activists
  • Who benefits from activist campaigns?
Moderator:
Mark Parrell, EVP & CFO, Equity Residential

Panelists:
Kevin Daniels, Mergers & Acquisitions Group-Head of Activism & Defense, Bank of America Merrill Lynch
Jonathan Litt, Founder & CIO, Land and Buildings
Gilbert Menna, Partner & Co-Chair-Real Estate & Real Estate Capital Markets Practice, Goodwin Procter LLP
Raymond Mertens Jr., VP, Dodge & Cox Investment Managers
1:45 PM – 3:00 PM Concurrent Session 3: REIT Tax Primer
  • Asset and income tests
  • UPREIT issues
  • Shareholder rules
  • Dealer sales
  • Best practices in implementation and operational issues
Moderator:
Lary Wolf, Partner, Roberts & Holland LLP

Panelists:
Kenneth Betts, Partner, Winston & Strawn LLP
Wendi Kotzen, Partner, Ballard Spahr LLP
Ameek Ponda, Partner & Director-Tax Department, Sullivan & Worcester LLP
Agnes Webb, VP-Tax Compliance, EdR
1:45 PM – 3:00 PM Concurrent Session 4: Risk Management Issues
  • Managing reputational risk
  • Role of Chief Audit Executives
  • Preparing for cybersecurity challenges
  • Interacting with the Board
Moderator:
Joann Cangelosi, Partner, Grant Thornton LLP

Panelists:
Lawrence Jones, Audit Committee Chair, Cole Credit Property Trust
Oliver Schmidt, Chief Audit Executive, QTS Realty Trust, Inc.
Ari Schwartz, Director-Cybersecurity Services, Venable LLP
3:00 PM – 3:15 PM Networking Break
3:15 PM – 4:30 PM Concurrent Session 1: Treasurer’s Topics
  • Safety of cash
  • Working with the Audit Committee
  • System conversions and updating
  • Block chain payments
Moderator:
Melissa Solis, VP & CAO, Federal Realty Investment Trust

Panelists:
Joseph Kennedy, Principal, PwC
Richard McCarthy, SVP-CRE Regional Sales Manager, U.S. Bank
Michelle Ngo, SVP & Treasurer, Kilroy Realty Corporation
3:15 PM – 4:30 PM Concurrent Session 2:
REIT Rivalry: Federal Tax Game Show
  • Planning for the distribution requirement
  • Practical REIT compliance issues
  • Recent IRS guidance
Moderator:
Michael Hurwitz, Partner-Real Estate Tax Advisory Services, Marks Paneth LLP

REIT Executives:
Gregory Imhoff, VP, General Tax Counsel & Corporate Secretary, InfraREIT, Inc.
Olivier Kolpin, VP-Tax, Sunstone Hotel Investors, Inc.
Roger Laty, VP-Tax, UDR, Inc.
Tracy Swearingen, SVP-Taxation, Duke Realty Corporation

REIT Advisors:
Lynn Kawaminami, Partner-Tax, Deloitte Tax LLP
David Levy, Partner, Skadden
John Napoli, Partner, Seyfarth Shaw LLP
Robert Schachat, Principal, EY
3:15 PM – 4:30 PM Concurrent Session 3: General Counsel Issues
  • Best practices in cyber security
  • Implementing SEC’s probable loss guidance
  • Litigation trends and managing outside counsel
  • Interfacing with your Board of Directors
Moderator:
Kay Tidwell, EVP & General Counsel, Hudson Pacific Properties, Inc.

Panelists:
Edmund DiSanto, EVP, CAO & General Counsel, American Tower Corporation
Thomas Leanse, Sr. EVP, Chief Legal Officer & Secretary, Macerich
Troy McHenry, EVP, General Counsel & Corporate Secretary, HCP, Inc.
3:15 PM – 4:30 PM Roundtable: Data Centers
  • Industry and Investor Relations Trends
  • Potential impact of legislation and regulations
Discussion Leaders:
Mark Jones, VP & Controller, CoreSite Realty Corporation
William Schafer, CFO, QTS Realty Trust, Inc.
Greg Vondervellen, SVP-Global Tax, Iron Mountain
4:30 PM – 5:30 PM Happy Hour
Friday, March 24
7:00 AM – 12:15 PM Registration
7:00 AM – 12:15 PM Networking Room
7:00 AM – 8:30 AM Networking Breakfast Buffet
8:00 AM – 9:15 AM General Session

Speakers:
Scottie Nell Hughes, Political Editor for RightAlerts.com, Host E-Alerts Daily News Briefs, and Political Contributor for CNN 2016 Election Coverage
Eugene Robinson, Washington Post columnist and MSNBC analyst
9:15 AM – 9:30 AM Networking Break
9:30 AM – 10:45 AM Concurrent Session 1: Implementing PATH Act Tax Changes
  • Preferential Dividend Rule
  • REIT Spin-offs
  • FIRPTA
  • U.S. REIT Act
Moderator:
Mark Van Deusen, Principal, Deloitte LLP

Panelists:
A. Cristina Arumi, Partner, EY
Stephen Giordano, Principal, KPMG LLP
Adam Handler, Principal, PwC
9:30 AM – 10:45 AM Concurrent Session 2: Public Non-Listed REITs
  • New fee models: trailing commissions and interval funds
  • Future of DOL fiduciary rule under the Trump Administration
  • NASAA proposed limits on DPP investments
  • Wire house distribution models
Moderator:
Peter Fass, Partner, Proskauer Rose LLP

Panelists:
Ella Neyland, President, Steadfast Income REIT
Frank Saracino, CFO-Retail Companies, Colony NorthStar, Inc.
Leon Volchyok, Chief Securities Counsel, Blackstone Real Estate Income Trust, Inc.
9:30 AM – 10:45 AM Concurrent Session 3: SEC Financial Standards
  • Non-GAAP disclosure
  • Major issues in comment letters
  • An investor’s perspective of current financial reporting
Moderator:
Paul Nungester, SVP & Controller, Welltower, Inc.

Panelists:
Sonia Barros, Assistant Director-Division of Corporation Finance, Securities and Exchange Commission
Christine McElroy, Sr. Analyst-Retail, Citi
Christa Vesy, EVP & CAO, DDR Corp.
10:45 AM – 11:00 AM Networking Break
11:00 AM – 12:15 PM Concurrent Session 1:
Deep Dive #2: Implementing the Revenue Recognition Standard
  • SAB 74 Disclosures
  • Scoping Significant Accounts/Transactions
  • Accounting for Sales of Real Estate
  • Transition Methods and Practical Expedients
  • Internal Control Implications
Moderator:
Ermelinda Berberi, SVP & CAO, Paramount Group, Inc.

Panelists:
Christopher Harris, Partner, Deloitte LLP
Melanie Meretsky, Director-Financial Reporting, Taubman Centers, Inc.
Joseph Ottinger, VP-Financial Reporting, Host Hotels & Resorts, Inc.
11:00 AM – 12:15 PM Concurrent Session 2:
Case Study: Ventas’ Spin-off of Capital Care Properties
  • Evaluation of tax structuring issues
  • Implementation social/corporate culture issues
  • Strategy in completing SEC Form 10 and obtaining SEC approval
  • Lessons learned
Moderator:
Thomas Dorsey, Principal, Centerview Partners

Panelists:
Kristen Benson, EVP, General Counsel, & Corporate Secretary, Care Capital Properties, Inc.
Gregory Liebbe, SVP, CAO & Controller, Ventas, Inc.
Ian Nelson, Partner-RE/AM/BCM Team Leader, PwC
Brian Wood, SVP & Chief Tax Officer, Ventas, Inc.
11:00 AM – 12:15 PM Concurrent Session 3: REIT Tax Big Brains Conversation
  • Subsidiary REITs
  • Constructive ownership and related party rents
  • Intangible assets
Moderator:
Scott Winer, SVP-Tax, Park Hotels & Resorts

Panelists:
Adam Feuerstein, Principal, PwC
Joseph Howe, Partner, Arnold & Porter, LLP
Christopher Mangin, Jr., Partner, Vinson & Elkins LLP
Ana O’Brien, Partner, Latham & Watkins LLP
11:00 AM – 12:15 PM Concurrent Session 4: PCAOB Issues
  • PCAOB Impact on Financial Executives
  • Latest developments in PCAOB Auditing Standard Setting
  • Center for Audit Quality initiatives
Moderator:
Merryl Werber, SVP-Financial Reporting, Kilroy Realty Corporation

Panelists:
Howard Garfield, SVP-Planning, CAO, Treasurer & Assistant Secretary, Monogram Residential Trust
Jan Herringer, Partner, BDO USA, LLP
Catherine Nance, Sr. Director-Professional Practice, Center for Audit Quality
12:15pm Program Concludes