REITS

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The rules governing real estate investments trusts or REITS have changed considerably over the past year, following the American Housing Rescue and Foreclosure Prevention Act of 2008 (also known as the Housing Act). A thorough understanding of these provisions can, in turn, positively impact your clients’ overall investment picture and bottomline success.

In response to the Housing Act, The Knowledge Congress is assembling a panel of industry experts for a two-hour LIVE webcast. The instructive webcast will focus on current issues surrounding REITS and changes in regulations affecting syndications of unlisted REITS.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 093836
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for REITS, How to Navigate the 2009 live webcast:


  Event Talking Points (click here to view more)
SEGMENT 1:


Suzanne E. Rothwell, Counsel, Corporate Finance and Securities Regulation,
Skadden, Arps, Slate, Meagher & Flom LLP

- FINRA's revised regulation of underwriting compensation in public offerings of unlisted REITs
   - The treatment of dual-employee compensation for REITs with an affiliated broker/dealer
- New FINRA requirements for:
   - Liquidity disclosure
   - Treatment of due diligence expenses
   - Sales loads on DRIP purchases
- Current Issues
   - Redemption plan issues in troubled times
   - New due diligence obligations regarding dividend payments
   - Using the REIT offering price on customer account statements
   - SEC and FINRA enforcement focus on unlisted REITs

SEGMENT 2:


Michael E Straneva, Partner and Co-leader Real Estate Advisory Services,
Ernst & Young LLP

- Transaction Real Estate
   - State of the market: Where is “here?”
   - Restructuring lessons learned
   - “What is the new normal?”
- 2009: It’s like 1988 again
- The cycle of real estate
- Real estate market
- Transaction trends
- Identifying the risks: Term vs. balloon defaults
- The road ahead
- Restructuring/Distressed Corporate Advisory Services
- Lessons learned this cycle
- Non Performing Loan Sales

SEGMENT 3:


Charles Temkin, Director,
Deloitte Tax, LLP

Use of Cash-and-Stock Dividends to Preserve REIT Cash
- Requirements of Rev. Proc. 2009
- Valuation of Shares/Preferential Dividend Issue
- Limitation Based on REIT Market Cap
- Approaches for Dealing with Operating Partnership Unitholders
- Use of Technique for Non-Publicly Traded REITs

SEGMENT 4:


Richard M.Lipton, Partner,
Baker & McKenzie

- The new Section 108(i) election to defer COD income
    - What the election does
    - Who can make the election
    - How to make the election
- Using the "traditional" exceptions for excluding COD income (insolvency, bankruptcy).
    - How will insolvency be calculated when there is no market?
    - Impact of a 108(i) election
- Qualified real property business indebtedness and REITs
- Impact of COd income on the calculation of earnings and profits
- Addressing losses, including disclosure of reportable transactions
- Debt modifications and REITs
    - Definition of a significant modification of a debt instrument
    - REIT as borrower
    - REIT as original lender
    - REIT as loan purchaser



Skadden, Arps, Slate, Meagher & Flom LLP
Suzanne E. Rothwell
Counsel, Corporate Finance and Securities Regulation
speaker bio »»

Ernst & Young LLP
Michael E Straneva
Partner and Co-leader Real Estate Advisory Services
speaker bio »»

Deloitte Tax, LLP
Charles Temkin
Director
speaker bio »»

Baker & McKenzie
Richard M.Lipton
Partner
speaker bio »»

Who Should Attend?

- REITs
- Real estate attorneys
- Property Lawyers
- Solicitors
- Trainee Solicitors
- Publicly owned real estate companies
- Investment bankers
- CFOs
- Consultants

Why Attend?

This is a must attend event for anyone interested in having clear understanding on the regulation updates on REITS .
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


** Discounts Apply for early registration

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.


REITS, How to Navigate the 2009 Credit Crunch, & Today's Economic Realities
Speaker Firms:






 



Media Partner:



Real Estate Finance & Investment is the only weekly publication that covers the real estate markets comprehensively. It is a "one-stop shopping" news source for senior real estate executives who need to stay on top of breaking news in the commercial property markets, the real estate capital markets, the CMBS market, and pension funds' investment strategies in real estate. Every week REFI's reporters dig up the hottest intelligence on property transactions, financing, securitization, restructurings and institutional investment before it appears anywhere else. Visit us on the web at www.iirealestate.com.


Compliance Reporter is the only news-breaking source that exclusively covers international compliance initiatives at broker/dealers and investment advisers, as well as regulations and enforcement actions from entities such as the National Association of Securities Dealers, the Securities and Exchange Commission, the U.S. Court of Appeals and state regulatory agencies. For a free trial go to www.compliancereporter.com. For more information please call 800.715.9195.



 

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We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In New York, our programs are submitted immediately after the event live date and attendees are sent the approval codes once we receive them from the New York State Bar. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

 
Enrolled Agents Sponsor ID Number: 760

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