1031 Market Equity Update – In Partnership with Mountain Dell Consulting
The syndicated 1031/DST market continues to be resilient, offering retail investors real opportunities to invest in institutionally managed commercial real estate. Strong performance has led to consistent distributions and positive full cycle returns. The global pandemic aside, we continued to see a surge in new offerings and capital flow and are expecting the same in 2021. As we turn our attention to the new administration, it’s clear 1031 is once again facing the possibility of extinction.
Hear the IPA and Mountain Dell Consulting as they co-hosted a thoughtful discussion on the past, present and future of this important investment opportunity. They provided a complete summary of 2020 performance, a 2021 outlook, review the incredible data and research the IPA Data & Research committee has been mining, listening in directly from those on the front line of our advocacy initiatives.
Speakers
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André NancePartner, Stroock & Stroock & Lavan LLPAndré Nance is a Partner in the Private Funds and Asset Management Group at Stroock & Stroock & Lavan LLP and the Chair-Elect of the Industry Data and Research Committee of the Institute for Portfolio Alternatives. André focuses his practice on the representation of private fund sponsors in connection with the formation, capital raising and operation of domestic and offshore real estate funds, private equity funds, hedge funds, funds-of-funds and other privately-offered pooled investment vehicles.
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Daniel WagnerSenior Vice President of Government Relations, The Inland Real Estate Group of Companies, Inc.Daniel Wagner is senior vice president of government relations for The Inland Real Estate Group of Companies, Inc., a licensed real estate broker, and holds Series 7 and 63 security licenses. In his role, Mr. Wagner serves on numerous real estate and governmental boards and committees, and was inducted into the Hall of Fame for the Illinois REALTORS® and National Association of REALTORS® in 2019. Mr. Wagner also serves as commissioner of the DuPage Airport Authority and Chairman of the Authority’s Capital Development Committee. As Chairman of the Greater Oak Brook Chamber of Commerce, Mr. Wagner was recently installed as the Secretary of the Illinois Chamber of Commerce.
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Greg MesackSenior Government Affairs Consultant, GrayRobinsonGreg Mesack has 20 years of experience in legislative and policy making in Washington, DC, serving in capacities both on and off Capitol Hill.
Greg began his career on Capitol Hill after graduating from Miami University, in Ohio. His career in politics began as an intern for Congressman Dave Camp, and then moved to staff assistant for Congressman Wally Herger. Greg then honed his political skills at the House Republican Conference as a legislative analyst for members of Congress.
In February 2001, Greg began work for Congressman Bob Ney as his legislative assistant, handling the policy portfolio of the Financial Services Committee. Soon after, he was named legislative director, where he oversaw Congressman Ney’s legislative staff and operations. During his time working for Congressman Ney Greg staffed the Conference Committee for critical legislation including Sarbanes-Oxley, TRIA and the FACT Act.
Greg left Capitol Hill in 2004 to work at America’s Community Bankers, a trade association representing banks across the nation. He was promoted to Director of Government Relations in 2006 and to Vice President in 2007. In 2007 Greg was named one of the top association lobbyists by The Hill newspaper.
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Mike KellSenior Vice President, Data and Operations, iCapital NetworkMike joined iCapital Network in 2021 and is currently focused on the integration initiative from iCapital’s acquisition of AI Insight. Prior to joining iCapital Network, Mike was SVP, Program Management and Business Development at AI Insight Inc. where he led the team of analysts in charge of the alternative investment data that powered AI Insight’s platform. He was previously a Compliance Officer and Due Diligence Analyst with Cadaret, Grant & Co. Inc., a Financial Advisor with First Command Financial Planning and served on active duty in the United States Air Force. Mike earned his MBA from the Sorrell College of Business at Troy University, a Certificate in Financial Planning from Boston University and has held FINRA Series 3, 6, 7, 22, 24, 63 and 65 licenses.
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Taylor GarrettPresident, Orchard Securities, LLCTaylor Garrett is President at Orchard Securities, LLC, an investment bank focused on structuring and capital raising for private and public securities related to alternative investments. He has been actively involved in capital raising and structuring for over 300 different programs the company has represented. Since 2004, Taylor has been involved in sourcing over $5 billion in equity.
Mr. Garrett graduated from Utah Valley University with a Bachelor of Science in Business Management and a Masters in Business Administration from Brigham Young University. Mr. Garrett played collegiate baseball and actively plays golf and enjoys endurance running. He has been married since 2005 and has two sons and two daughters.
Mr. Garrett currently holds active Series 7, 24, 63, 79, and 99 security licenses.
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Tony CheresoPresident & CEO, IPATony Chereso is President and CEO of the Institute for Portfolio Alternatives and oversees all business operations. He brings an executive management track record of over 20 years to the IPA, along with a passion for excellence. Tony’s vision for the dynamic and rapidly changing PDI industry makes him a leading voice on critical legislative and regulatory issues. He has an unwavering commitment to expanding opportunities for the advancement of industry objectives. Tony has deep experience with privately offered securities and alternative asset capital markets, tax, due diligence, finance, audit and sales and marketing. Previously he was the President and CEO of FactRight, a leading third party independent due diligence and research firm. He also served as the Director of National Sales for a national real estate syndicator.
Tony is a graduate of the DePaul University School of Commerce and attended business school at the University of Dallas. He is recognized as a distinguished instructor for the Institute of Internal Auditors.