RECAP COMING SOON
Join the IPA May 17 – 20 for its virtual IPASummit bringing together thought leaders from the IPA community and key members of Congress and their staff to advance critical industry advocacy initiatives on behalf of the industry. The four-day event will feature updates from the IPA and our lobbying partners, GrayRobinson (based in Washington, DC), on the current political and regulatory environment, along with interviews with Congressional members.
Hear recaps of our virtual meetings with Members of Congress and Congressional staff on the following priority topics impacting our industry:
MONDAY, MAY 17, 2021
Introduction and Kick-Off
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.
Head of Government & Public Affairs for
North and Latin Americas, DWS
Global Head of DWS’s RREEF real estate businesses
TUESDAY, MAY 18, 2021
DAY 2 SPONSORED BY
2:00 PM – 3:00 PM
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.
Chairman and CEO,
Robert A. Stanger & Company, Inc.
3:15 PM – 4:15 PM
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.
Todd Lockwood, Senior Vice President, Operations & Shareholder Relations, CIM
President & Chief Executive Officer,
Great Lakes Fund Solutions, Inc.
President & Chief Operating Officer,
Chief Operating Officer,
Cantor Fitzgerald Investment Management
Chief Executive Officer,
4:30 PM – 5:30 PM
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.
President & CEO, IPA
Suzanne Goldstein Baker
Executive Vice President & General Counsel,
Investment Property Exchange Services, Inc.
Principal US National Tax Co-Leader, Quantitative Economic and Statistics, Ernst & Young LLP
Senior Vice President & Counsel,
The Real Estate Roundtable
WEDNESDAY, MAY 19, 2021
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.
Advisor, DAI Securities
Chairman and CEO,
Griffin Capital Company
Jeff Taylor, CFA
Managing Director, Chief Operating Officer,
Black Creek Group
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.
Partner, Alston & Bird LLP
Kutak Rock LLP
Baker & McKenzie LLP
Partner & Chair of Seyfarth’s Corporate Department, Seyfarth Shaw LLP
THURSDAY, MAY 20, 2021
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.
Executive and Political Director
New Democrat Action Fund
SVP, Government Affairs & General Counsel,
Hill Meeting Debriefs
Hear recaps from GrayRobinson (the IPA’s D.C. lobbying firm) and IPA members of our virtual meetings with Members of Congress and Congressional staff on the following priority topics impacting our industry:
#1 FIRPTA Parity for Non-Traded REITs
Meetings with: Sen. Mike Crapo (R-ID), Sen. Tom Carper (D-DE), Sen. James Lankford (R-OK), Rep. Dan Kildee (D-MI), Rep. Jimmy Panetta (D-CA)
Leon Volchyok, IPA Chair,
Managing Director, Blackstone
#2 U.S. Retirement Security
Meetings with: Sen. Bernie Sanders (D-VT), Sen. Patty Murray (D-WA), Rep. Virginia Foxx (R-NC), Rep. Joe Morelle (D-NY)
Anne-Marie Vandenberg, IPA Chair-Elect, President, COO and Director, DWS RREEF Property Trust
#3 1031 Like-Kind Exchanges
Meetings with: Sen. John Cornyn (R-TX), Sen. Chuck Grassley (R-IA), Sen. Catherine Cortez Masto (D-NV), Sen. Dick Durbin (D-IL), Rep. Hakeem Jeffries (D-NY), Rep. Katherine Clark (D-MA)
Daniel Wagner, SVP of Government Relations, The Inland Real Estate Group of Companies, Inc.
#4 COVID Relief for Commercial Real Estate
Meetings with: Sen Mike Rounds (R-SD), Sen. Pat Toomey (R-PA), Rep. Patrick McHenry (R-NC), Rep. Emanuel Cleaver (D-MO
Ella Neyland, Chief Financial Officer & President,
Steadfast Apartment REIT