2019 Opportunity Zones Summit

Summary

2019 Opportunity Zones Summit
Wednesday, April 17, 2019
8:00 AM - 12:00 PM Program
Golden Valley Country Club
7001 Golden Valley Rd, golden valley, Minnesota 55427, USA

7:55 am Welcome and Introduction
Jeff Johnson,
Publisher, Minnesota Real Estate Journal
Emcee: Todd Taylor, CEO, Avisen Legal, P.A.

8:00 am Opportunity Zones Location Overview
Moderator: Elaine Rasmussen,
CEO, Social Impact Strategies Group
Susan Hammel, CEO, Cogent Consulting
Terri Thao, Program Director, Nexus Community Partners
Karen Przypyszny, Managing Director, National Equity Fund
• Opportunity Zones 101 – what is it and what is the impact to the real estate community
• Locations of Opportunity Zones in MN / Metro Area
• How were the Minnesota Opportunity Zones selected?
• Other economic development opportunities in Opportunity Zones
• Social Impact Investing Through Opportunity Zones
• Opportunity Zones as a Tool to Provide Affordable Housing

8:40 am Real Estate Opportunities in Opportunity Zones
Moderator: Jamie Stolpestad,
Managing Partner, Minnesota Opportunity Zone Advisors
John McCarthy, Senior Managing Director, Newmark Knight Frank
Dave Higgins, Vice President, Development, McGough Companies
Brian Forcier, President, Titanium Partners
• How existing property owners in Opportunity Zones can participate
• The role of commercial real estate brokers in Opportunity Zones
• Opportunities in Office and Industrial
• Opportunities in Housing and Hospitality
• Real Estate Development vs Rehab opportunities
• Investing in Opportunity Zone Based Businesses - How Opportunity Zone Rules can help your tenants

9:25 am Legal and Accounting Considerations
Moderator: Jim Lockhart,
Partner, Wipfli
Dannielle Lewis, Tax Manager, Wipfli
Lisa Holter Ankel, Shareholder, Avisen Legal, P.A.
Larry Fox, Shareholder, Avisen Legal, P.A.
• What is the timing involved in an Opportunity Zone deal?
• 70/30 “substantially all” test 
• Governing documents of Opportunity Fund
• Risk Factors to consider
• Legal timeline and Exit Strategies
• Can I do this on my own or do I need to invest in / create a Fund?

10:10 am Break

10:25 am Starting or Managing an Opportunity Fund / Fund Qualifications / Funding a Deal
Moderator: Scott Smith,
President, Fact Right
Tom Windram, Partner, Washington National Tax, RSM US LLP
Michael Morrell, Senior Vice President, Sunrise Banks
Phil Colton, Shareholder, Winthrop & Weinstine
• How to become an Opportunity Zone Fund Sponsor
• Single Asset funds vs Blind Pool funds
• Financing Single Asset Opportunity Zone Opportunities
• Construction vs Permanent Loan considerations
• Equity sources for Opportunity Funds
• LTV considerations 
• Recourse vs Non-recourse considerations

11:10 am Investing in Opportunity Zone Fund or Property – Investor Considerations
Moderator: Jeff Peterson,
President, Commercial Partners Exchange Company
Tony Hallada, Managing Principal, CLA Wealth Advisors
Duane Lund, CEO, NAI Legacy
Zachary Robins, Attorney, Messerli | Kramer
Brad Heitzinger, Special Counsel Attorney, Gray Plant Mooty
Brian T. Duren, CPA, MBT , Director, Real Estate, CliftonLarsonAllen LLP
• What are the tax benefits of investing?
• What types of investment can I make?
• How does this compare to 1031?
• Can I still do a 1031 Exchange?
• How long do I have to keep my money in?
• Are there timing rules I have to keep track of?
• Risk Factors to consider
• Opportunity Zone Due Diligence and Representations

12:00 pm Adjourn and Networking


Speakers Include:
Scott Smith
, President, Fact Right
George Ashton, Managing Director, LISC
Duane Lund, CEO, NAI Legacy
Jamie Stolpestad, Managing Partner, Minnesota Opportunity Zone Advisors
Susan Hammel, CEO, Cogent Consulting
Lisa Holter Ankel, Shareholder, Avisen Legal, P.A.
Larry Fox, Shareholder, Avisen Legal, P.A.
Jim Lockhart, Partner, Wipfli
Danielle Lewis, Tax Manager, Wipfli
Terri Thao, Program Director, Nexus Community Partners
Dave Higgins, Vice President, Development, McGough Companies
Zachary Robins, Attorney, Messerli | Kramer
Tony Hallada, Managing Principal, CLA Wealth Advisors
Phil Colton, Shareholder, Winthrop & Weinstine
Brian Forcier, President, Titanium Partners
John McCarthy, Senior Managing Director, Newmark Knight Frank
Michael Morrell, SVP New Markets Tax Credit Loan Officer, Sunrise Banks
Brad Heitzinger, Special Counsel Attorney, Gray Plant Mooty
Elaine Rasmussen, CEO, Social Impact Strategies Group
Tom Windram, Partner, Washington National Tax, RSM US LLP

2019 Opportunity Zones Summit

Details

  • When

  • Wednesday, April 17, 2019
    8:00 AM - 12:00 PM
    Central Time

  • Where

  • Golden Valley Country Club
    7001 Golden Valley Rd
    golden valley, Minnesota 55427
    USA

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