IPASummit 2021 Kick-Off

Join us Monday, May 17, 2 p.m. ET as we kick-off our virtual IPASummit with an all-member update, an overview of topics to be covered with Congressional staff throughout the week and exclusive interviews.

Fireside Chat with Congressman Jason Smith (R-MO)

Congressman Jason Smith (R-MO)
Member, House Ways and Means Committee and the Budget Committee

Keynote Speaker Frank Kelly

Frank Kelly, Head of Government & Public Affairs for North and Latin Americas: Frank manages and coordinates relationships with elected officials and political and legislative bodies globally. Prior to joining Deutsche Bank, Frank held senior executive positions at both Charles Schwab & Co. and Merrill Lynch & Co, Inc. Before joining the private sector, he served at the U.S. Securities and Exchange Commission as Chief Spokesman as well as the US Department of Justice as Assistant to the Director for Policy Development where he focused on international matters including terrorism and war crimes. Prior to these posts, he served in both the George H. W. Bush and, earlier, the Reagan White House where he started as a writer for President Reagan. Frank is a member of the Council on Foreign Relations and the International Institute of Strategic Studies. He serves as a member of the Board of Directors of the Atlantic Council of the United States, the American Council on Germany and the Jerome Lejeune Foundation.

Frank Kelly
Head of Government & Public Affairs for
North and Latin Americas, DWS

Introduction By:
Todd Henderson
Global Head of DWS’s RREEF real estate businesses

Stanger Market Update – Q1 2021 Insights

As we wrap up the first quarter of 2021, join the IPA and Robert A. Stanger & Company, Inc. for a comprehensive overview of the dynamic changes taking place as 2021 unfolds.  Stanger will provide a comprehensive recap of year-to-date industry performance data.

Stanger’s team of expert panelists will unpack the driving factors behind the latest numbers and take an in-depth look at the continued resiliency of the portfolio diversifying investments industry, while also discussing what is in store for the remainder of 2021.

Kevin Gannon
Chairman and CEO,
Robert A. Stanger & Company, Inc.  

Straight–Through Processing Workshop – Efficiency, Automation, Security

Join our panel of experts to learn how straight-through processing (STP) solutions automate front, middle and back-office functions to reduce errors, deliver a faster subscription process, and a superior experience for investors and advisors. What once may have taken several days can now be handled in hours. A robust STP infrastructure gives distribution partners more time to focus on growing their business and driving advisor efficiency while improving security and compliance controls. Investors benefit from a simplified, secure, and paperless process. The IPA is excited to introduce our new STP portal, a single location to learn more about subscription automation and the IPA members who are making straight-through-processing a reality.

Moderator
Todd Lockwood, Senior Vice President, Operations & Shareholder Relations, CIM

Christopher Blanchard
Senior Director,
Fidelity Investment

Mark Lancaster
President & Chief Executive Officer,
Great Lakes Fund Solutions, Inc.

Chrissy Lee
President & Chief Operating Officer,
Kalos Financial

Jay Frank
Chief Operating Officer,
Cantor Fitzgerald Investment Management

Bill Robbins
Chief Executive Officer,
Wealthforge

Powerful Economic Activity Supported by 1031 LKEs – A Dive into the EY Economic Impact Study

Ernst & Young (“EY”) partnered with the Section 1031 Like-Kind Exchange Coalition (“Coalition”) to estimate the 2021 economic contribution of  the like-kind exchange rules within the US economy. The IPA is proud to have the leading author of the research and two influential Coalition members discuss this important study.

The research demonstrates the powerful contributions of like-kind exchanges to the greater US economy, including employment, wage, consumer spending, and GDP activity.

Moderator
Tony Chereso
President & CEO, IPA

Suzanne Goldstein Baker
Executive Vice President & General Counsel,
Investment Property Exchange Services, Inc.

Robert Carroll
Principal US National Tax Co-Leader, Quantitative Economic and Statistics, Ernst & Young LLP

Ryan McCormick
Senior Vice President & Counsel,
The Real Estate Roundtable

Wealth Management Benefits of 721 Exchange / UPREIT Transactions

The 721 exchange / UPREIT is a wealth management solution that benefits owners of real estate seeking an exit strategy and the opportunity to diversify their real estate holdings, while deferring capital gains.  Section 721 of the Internal Revenue Code allows real estate owners to convert, tax-deferred, their physical property into units of an operating partnership of a REIT using an Umbrella Partnership Real Estate Investment Trust (UPREIT) structure. The 721 exchange / UPREIT is an alternative solution to a traditional 1031 exchange.

Using a 721 exchange / UPREIT may be a preferred tax mitigation strategy, especially for property owners with a low tax basis where a sale could potentially trigger a substantial capital gain. It also can be used as an estate planning tool that disposes of real estate tax-free to provide equitable liquidity among heirs. 721 exchanges / UPREITs may be an alternative investment management tool to explore.  In this session, learn from our panel which types of investors may find this transaction beneficial, how it is structured and different from a 1031 exchange, and why publicly registered non-traded REITs, as perpetual life vehicles, may be particularly helpful to investors who may wish to defer the recognition of a capital gain in perpetuity.

Moderator
Mike O’Toole
Advisor, DAI Securities

Kevin Shields
Chairman and CEO,
Griffin Capital Company

Jeff Taylor, CFA
Managing Director, Chief Operating Officer,
Black Creek Group

Aaron Wessner
Managing Director,
Cantor Fitzgerald Investment Management

Top 10 Regulatory and Tax Risks for Private Real Estate Funds

Private funds are subject to many regulatory and tax related risks.  The unique characteristics of fund assets must be evaluated when assessing the various risk profiles and tax implications.  Understanding these critical details for any fund manager considering a real estate strategy is paramount.

We take a closer look into three types of funds: “plain vanilla” real estate, QOZ Funds, and DSTs.  We will address the primary pit falls such as faulty securities offers, the inadvertent ways to negate your DST tax status, joint ventures that mistakenly drag the fund into being an investment company, as well as other issues.  Join a panel of legal and real estate subject matter experts as they share insights on what you need to consider when launching and operating a private real estate fund.

Moderator
Jason Goode
Partner, Alston & Bird LLP

Deborah Froling
Partner,
Kutak Rock LLP

Daniel Cullen
Partner,
Baker & McKenzie LLP

Darryl Steinhause
Partner,
DLA Piper

Steven Meier
Partner & Chair of Seyfarth’s Corporate Department, Seyfarth Shaw LLP

IPASummit 2021 Wrap-up: Featuring Guest Speaker Jon Boughtin / Hill Meeting Debriefs

Guest Speaker Jon Boughtin

Jon Boughtin is the executive and political director of the New Democrat Action Fund, the political action committee which supports members of the House New Democrat Coalition. The New Democrat Coalition is a group of moderate, pro-business, pro-growth members of Congress. As the largest grouping of Members in the House majority, the New Democrats are influential and instrumental on any key vote of President Biden’s agenda.

Jon will discuss the importance of the mid-term election where Democrats will seek to keep and grow their narrow majority and the impact of redistricting and President Biden’s agenda on key Congressional races throughout the country.

You won’t want to miss this fascinating insight into Congressional politics and the mid-terms as we close out our 2021 IPA Summit.

Jon Boughtin
Executive and Political Director
New Democrat Action Fund

Anya Coverman
SVP, Government Affairs & General Counsel,
IPA

TEAM LEAD
Leon Volchyok, IPA Chair,
Managing Director, Blackstone

TEAM LEAD
Anne-Marie Vandenberg, IPA Chair-Elect, President, COO and Director, DWS RREEF Property Trust

TEAM LEAD
Daniel Wagner, SVP of Government Relations, The Inland Real Estate Group of Companies, Inc.

TEAM LEAD
Ella Neyland, Chief Financial Officer & President,
Steadfast Apartment REIT