IPA 1031 Market 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.
Watch the IPA and Mountain Dell Consulting as they co-hosted a thoughtful discussion on the past, present and future of this important investment opportunity. We provided a complete summary of 2020 performance, a 2021 outlook, reviewed the incredible data and research the IPA Data & Research committee has been mining, and see 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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Doyle BartlettManaging Shareholder DC, GrayRobinsonDoyle is a member of the Firm’s government affairs and lobbying group and leads the federal lobbying arm of GrayRobinson. In his early career, Doyle served for five years as Chief of Staff to Representative Bill McCollum, supporting Congressman McCollum’s work as vice chair of the House Banking Commit t ee and chair of the House Judiciary Committee’s Crime Subcommittee. He oversaw Bill McCollum’s rac e for the U.S. Senate in 1999-2000 and his successful campaign for Florida Attorney General in 2006. Doyle cofounded the Eris Group in 2003 which was acquired by GrayRobinson in 2019. From 1988 to 1994, Doyle was general counsel and senior vice president for Legislat ive Servic es wit h the Conference of State Bank Supervisors, the professional association of state banking regulators. Before his time there, he was Manager of State Government Relations at Freddie Mac . Doyle c ame t o Washington in 1984 as staff to the House Banking Committee, supporting Congressman Bill McCollum in his position as ranking member of the Subcommittee on Domestic Monetary Policy. He had previously served as McCollum’s district representative in Orlando, Florida. Background A Florida native, Doyle holds a degree in finance from the University of Florida and a law degree from the National Law Center at George Washington University. Doyle is a member of the Bar in both Oklahoma and the District of Columbia. He is an adjunct professor at the University of Florida’s Department of Political Science where he teaches a graduate level seminar of federal advocacy.
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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.