Detailed Schedule
TUESDAY ·
WEDNESDAY ·
THURSDAY ·
FRIDAY
TUESDAY, MARCH 24
|
| 3:00 p.m. - 5:00 p.m. |
Registration |
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WEDNESDAY, MARCH 25
|
| 7:30 a.m. - 6:30 p.m. |
Registration |
| 7:30 a.m. - 6:30 p.m |
Networking Room/Internet Café |
| 8:00 a.m. - 11:15 a.m. |
Best Financial Practices Council
(by invitation only) |
| 11:30 a.m. - 1:00 p.m. |
General Counsel Luncheon
(by invitation only) |
| 11:30 a.m. - 1:00 p.m. |
Senior Financial Officer Luncheon
(by invitation only) |
| 11:30 a.m. - 1:00 p.m. |
Tax Directors Luncheon
(by invitation only) |
| 1:15 p.m. - 2:45 p.m. |
Accounting Committee Meeting
- SEC Proposal to adopt IFRS and related NAREIT survey
- Reporting Discontinued Operations - FASB/IASB Converged Definition
- Update on FASB/IASB Financial Statement Presentation
|
| 3:00 p.m. - 4:30 p.m. |
Government Relations Committee Meeting
- FIRPTA and COD Legislation
- The TALF and Commercial Real Estate
- Main Street Fairness Act
- Recent and Expected IRS Guidance
- Infrastructure REIT Proposal
|
| 4:00 p.m. - 6:00 p.m. |
Insurance Committee Meeting
- Risk Manager Roundtable Session
- Impact of Credit Crisis on the D&O Marketplace
- AIG Update
- Views on the Insurance Marketplace by Major Brokers
|
| 4:30 p.m. - 6:00 p.m. |
State and Local Tax Subcommittee Meeting
- Liquidity Crisis/Federal Conformity Issues (Stock Dividends, Bonus Depreciation, Debt Forgiveness)
- Compliance Issues (Partnership Fees, Withholding Taxes)
- Other State Developments (MA Changes, Combined Returns, MD Filing Requirements)
|
| 6:00 p.m. - 7:15 p.m. |
Opening Reception
Sponsored by Locke Lord Bissell & Lidell LLP |
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THURSDAY, MARCH 26
|
| 6:30 a.m. - 1:00 p.m. |
Registration |
| 6:30 a.m. - 1:00 p.m. |
Networking Room/Internet Café |
| 6:30 a.m. - 8:00 a.m |
Continental Breakfast
Sponsored by Alston & Bird LLP |
| 7:00 a.m. - 7:15 a.m. |
Welcome Remarks
Steven Wechsler, President & CEO, NAREIT
|
| 7:00 a.m. - 8:15 a.m. |
Opening General Session: Staying Alive in the Real Estate and Capital Markets
MODERATOR
Kristin Gannon, Managing Director, Goldman Sachs & Co.
PANELISTS
Scott Crowe, SVP, Cohen & Steers
Marcia Diaz, Managing Director, Prudential Mortgage Capital Company
Charles Fedalen, EVP-Group Head, Wells Fargo Bank Real Estate Group
Thomas O'Hern, EVP, CFO & Treasurer, Macerich
- Accessing Equity: Dribble Out Offerings, Elective Stock Dividends, Joint Ventures, Rights Offerings
- Will the TALF Kickstart the CMBS Market?
- Prospects for New Unsecured Debt Sources
|
| 8:15 a.m. - 8:30 a.m |
Networking Break |
| 8:30 a.m. - 9:30 a.m. |
Concurrent Session 1:
Tax Aspects of Workouts
MODERATOR
Fred Witt Jr., National Director-Real Estate Tax Services, Deloitte & Touche, LLP
PANELISTS
Terence Cuff, Partner, Loeb & Loeb LLP
Wendi Kotzen, Partner, Ballard, Spahr, Andrews & Ingersoll, LLP
Richard Lipton, Partner, Baker & McKenzie, LLP
- Cancellation of Debt Issues: REIT as Debtor and/or Creditor
- Workouts of Recourse and Nonrecourse Debt
- "Cottage Savings" Regulations on Significant Modifications of Debt Instruments
- Insolvency/Qualified Real Property Business Indebtedness/New Section 108(i)
- AHYDO Suspension/Calculation of Earnings and Profits, Foreclosure Property, Distressed Debt as Real Estate Asset
|
| 8:30 a.m. - 9:30 a.m. |
Concurrent Session 2:
IFRS Developments and Convergence
MODERATOR
George Yungmann, SVP-Financial Standards, NAREIT
PANELISTS
Paul Munter, Partner, KPMG LLP
Teresa Neto, VP-Financial Reporting, Real Property Association of Canada
Ross Prindle, Managing Director, Duff & Phelps, LLC
David Wolff, Director-Accounting Standards & Compliance, Taubman Centers, Inc.
- SEC roadmap
- Fair value measurement of investment property
- Global real estate financial statement model
- Discontinued operations
|
| 8:30 a.m. - 9:30 a.m. |
Concurrent Session 3:
Roundtables
- Cash Management and Collection Techniques
Discussion Leaders:Robert Luken, SVP, Treasurer & CAO, Home Properties, Inc.
William Schafer, EVP & CFO, Developers Diversified Realty Corporation
- The Spreading of cash into Multiple Financial Institutions in the Current Banking Environment
- Bad Debt Expense - Different ways of Recording the Expense, Current Provision Percentages
- Accounts Receiveable Collection Process - Techniques & Strategies Including Using Internal vs. 3rd Party
- Effect of Bankruptcy on Cash Management - Dealing with General Counsel Fees While Trying to Preserve Cash
- Environmental Tax Issues
Discussion Leader: Roger Porter, EVP-Tax, Westfield, LLC
Marie Conroy, Tax Principal, Reznick Group
- Deduction for Energy Efficient Buildings
- Section 45 & 48 Tax Credits
- Tax Credit Bonds
- Obama Administration Energy Proposals
- Green Leases
Discussion Leaders: Sara Eisenstat, AVP-Product Line Manager, AIG Environmental
David Farer, Director, Farer Fersko
- Driving Forces for Green Leases and Green Insurance
- Rethinking the Net Lease for Green Buildings
- Allocating Costs and Benefits of Green Buildings and their Operation and Maintenance
- Green Insurance for Green Conventional Buildings
- Inbound Tax Issues
Discussion Leaders: Peter Genz, Tax Partner, King & Spalding LLP
Ameek Ponda, Partner & Co-Director of Tax Dept., Sullivan & Worcester LLP
Jeffrey Rubin, Partner, Deloitte Tax LLP
- Applying the Portfolio Investor FIRPTA Exception
- Applying Section 892 and Pension Plan Tax Treaty Rates to REIT Dividends
- Planning Opportunities Under Notice 2007-55
- Like Kind Exchanges
Discussion Leaders: Robert Schachat, Partner, Ernst & Young LLP
Kelly Alton, General Counsel, Nationwide Exchange Services
- QIB Allocations
- Installment Sales
- Recent PLRs
- Avoiding 1031 in Loss Situations
- Negotiating Leases
Discussion Leaders: Robert Banta, Partner, Locke Lord Bissell & Liddell LLP
Michael Pfeiffer, EVP & General Counsel, Realty Income Corporation
- Non-Listed REITs
Discussion Leaders: Peter Fass, Partner, Proskauer Rose LLP
Gerald Reihsen, EVP-Corporate Development & Legal, Behringer Harvard
Rosemarie Thurston, Partner, Alston & Bird LLP
- Listed REITs' Access to Nonlisted REIT Capital
- JV & Merger Opportunities
- Implication of Widening Distribution Channels: Wirehouse Offerings
- Impairments & Redemptions: Impact on New Sales
- Property Taxes in a Down Market
Discussion Leaders: Norman Quinn, President, B & D Equity Property Tax
Kenneth Rogers, Real Estate Tax Manager, Duke Realty Corporation
- Choosing the Right Operating Model - Internal vs. External
- Setting Expectations - Interal/External
- Critical Data for Appeals and Appeal Issues for 2009
- Understanding Time Lines and Gauging Results
- State and Local Tax Issues
Discussion Leaders: Drew Adams, VP & Tax Director, Public Storage
James Helmus, Senior Managing Director, The Schonbraun McCann Group, an FTI Company
Andrew VandenBrul, Sr Tax Manager-State & Local Tax Practice, KPMG, LLP
- Combined Reporting: Challenges and Opportunities
- Increased Audit Activity: How to Manage
- Utilizing NOLs at the State and Local Level
- Minimizing and Evaluating Transfer Tax Liabilities
- Timber REIT Issues & Opportunities
Discussion Leaders: Dwayne Tofell, Tax Director, Potlach Corporation
Daniel Tucker, Senior Tax Director, Plum Creek Timber Company, Inc.
- Special Timber Tax Treatment
- TREE Act and Future Legislation
- IRS Audit and Internal Audit Issues
- Accounting/SEC Issues
|
| 9:30 a.m. - 9:45 a.m. |
Networking Break |
| 9:45 a.m. - 11:00 a.m. |
General Session:
Business Aspects of Maintaining Liquidity During the Credit Crisis
MODERATOR
Bruce Johnson, CFO & Managing Director, Regency Centers Corporation
PANELISTS
Teresa Hee, Managing Director-Real Estate Debt Capital Markets, Wachovia Securities
Michael Pappagallo, EVP & CFO, Kimco Realty Corporation
Dennis Schuh, VP, Morgan Stanley
- Addressing CMBS issues
- Working with unsecured debt
- Slowing development
- Cutting G&A
|
| 11:00 a.m. - 11:15 a.m. |
Networking Break |
| 11:15 a.m. - 12:30 p.m. |
Concurrent Session 1:
SEC Hot Topics
MODERATOR
Julian Kleindorfer, Partner, Latham & Watkins LLP
PANELISTS
Michael Hermson, Partner, Mayer Brown LLP
Kati Penney, Partner, Ernst & Young LLP
Emily Pillars, Senior Manager-Assurance, PricewaterhouseCoopers, LLP
- Impairment and "other than temporary"
- Enhancing MD&A
- Implementing standard for reporting discontinued Ops
- Recent SEC comment letters
- Restoration of the Uptick Rule?
|
| 11:15 a.m. - 12:30 p.m. |
Concurrent Session 2:
REIT Tax Topics
MODERATOR
Leslie Loffman, Co-Chair-National REIT Practice, DLA Piper US LLP
PANELISTS
Richard Burton, Shareholder, Greenberg Traurig, LLP
Kristin Myers, VP-Tax, Cousins Properties Incorporated
David Norton, Principal, Reznick Group
Lary Wolf, Partner, Roberts & Holland LLP
- REIT/TRS Lease Formation and Modification Issues
- Third Party Joint Venture Issues
- Transactions Outside the Dealer Sales and Mezzanine Loan Safe Harbors
- Tax and Accounting Coordination Issues
- Subpart F Inclusions as Good REIT Income
|
| 12:30 p.m. |
Boxed Lunch |
| 1:00 p.m.. |
Golf Tournament- Due to low participation the Golf Tournament has been cancelled. We will be issuing refundsin the manner which you paid. You are still able to play golf by calling the number below for reservations. There are still tee times available on the TPC Stadium Course and the Dunes Course. Please note the course prices below include driving range and golf cart use.
Course/Price
TPC Stadium Course - $199.00
Dunes Course - $159.00
Shoe Rental - $25.00
Club Rental - $75.00
Phone Number for Golf Reservations: 1-800-PGA-WEST
|
| 1:00 p.m. |
Tennis Tournament- Due to low participation the Tennis Tournament has been cancelled. We will be issuing refunds in the manner which you paid.
|
| 1:00 p.m. |
Additional Optional Events (see Optional Events page for descriptions) |
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FRIDAY, MARCH 27
|
| 7:30 a.m. - 12:30 p.m. |
Registration |
| 7:30 a.m. - 12:30 p.m. |
Network Room/Internet Café |
| 8:00 a.m. - 9:15 a.m. |
Breakfast General Session:
SPEAKER
Harold Ford, Jr., Chair, Democratic Leadership Council and Michael Murphy, Political Strategist and NBC Political Analyst
|
| 9:15 a.m. - 9:30 a.m. |
Networking Break |
| 9:30 a.m. - 10:45 a.m. |
General Session:
Joint Venture Marriage Counseling: How Do You Deal with Partners in Tough Times?
MODERATOR
Edward Nekritz, General Counsel, ProLogis
PANELISTS
Thomas Conway, Principal, M3 Capital Partners
Tia Miyamoto, Managing Director & Head of Investments-Americas, GIC Real Estate, Inc.
Blake Rubin, Partner, McDermott Will & Emery LLP
- Unwind issues
- Assessing credit worthiness
- Managing JV Debt
|
| 10:45 a.m. - 11:00 a.m. |
Networking Break |
| 11:00 a.m. - 12:30 p.m. |
Concurrent Session 1:
Tax Aspects to Mantaining Liquidity During the Credit Crisis
MODERATOR
Donna Wagner, SVP-Acquisitions, Liberty Property Trust
PANELISTS
George Howell, Partner, Hunton & Williams LLP
Scott McLaughlin, VP-Tax, Apartment Investment & Management Company
Neal Sandford, Partner, Goodwin Proctor LLP
- Elective cash/stock dividends
- Managing deferral under section 858
- Managing REIT Taxable Income
- Minimizing traps under the excess non-cash income rules
- Managing Capital Losses
|
| 11:00 a.m. - 12:30 p.m. |
Concurrent Session 2:
REIT M&A
MODERATOR
David Shapiro, Partner, Wachtell, Partner, Lipton, Rosen & Katz
PANELISTS
James Barkley, Secretary & General Counsel, Simon Property Group, Inc.
David Schinasi, Managing Director, Wachovia Securities
David Slotkin, Partner, Hogan & Hartson LLP
- Protecting shareholders from takeovers
- Scrutiny of Plans to Incentivize Management
- Corporate restructuring
|
| 11:00 a.m. - 12:30 p.m. |
Concurrent Session 3:
FFO: Is It Still Relevant?
MODERATOR
Cedrik Lachance, Senior Analyst, Green Street Advisors Inc.
PANELISTS
Michael Bilerman, Managing Director,-Senior Real Estate Analyst, Citi
Ian Kaufman, CAO, Equity Residential
Thomas Olinger, CFO, AMB Property Corporation
David Smetanna, Executive Director, Morgan Stanley Investment Management
- Impact of new accounting standards
- Core/adjusted FFO
- SEC views
- Geography in global financial statement project
|
| 12:30 p.m. |
Program Concludes |
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National Association of Real Estate Investment Trusts®, Inc.
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