2020 Opportunity Zones Summit


2020 Opportunity Zones Summit
Friday, March 6, 2020
8:00 AM - 12:00 PM Program
Golden Valley Country Club
7001 Golden Valley Rd, Golden Valley, Minnesota 55427, USA

8:00 am Opportunity Zones Overview & Update
Moderator: Samantha Markman, Economic Development Coordinator, City of Faribault
Jessica Deegan, Director of Federal Affairs, Minnesota Housing
John Uphoff, Executive Director, Benton Economic Partnership, Inc.
Susan Hammel, CEO, Cogent Consulting
• Locations of Opportunity Zones in MN / Metro Area
• Other economic development opportunities in Opportunity Zones
• Social Impact Investing Through Opportunity Zones
• Opportunity Zones as a Tool to Provide Affordable Housing
• 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?

8:55 am Investing in Opportunity Zone Fund or Property – Investor Considerations
Moderator: Jim Lockhart, Partner, Wipfli
Dannielle Lewis, Senior Manager, Wipfli
Jeff Peterson, President, Commercial Partners Exchange
Zachary Robins, Attorney, Messerli | Kramer
Dave Rasmussen, Senior Vice President, Grandbridge Real Estate Capital
Coleen Danaher, Vice President, NES Financial
• 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

9:55 am Break

10:05 am Starting or Managing an Opportunity Fund / Fund Qualifications / Funding a Deal
Moderator: Philip Colton, Partner, Winthrop & Weinstine
Chase Nystedt, Capital Markets Senior Analyst, CLA
Brian Duren, Signing Director, CLA
Jamie Stolpestad, Managing Partner, Minnesota Opportunity Zone Advisors
• 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

11:05 am Real Estate Development Opportunities in Opportunity Zones
Moderator: Michael Morrel, Senior Vice President - New Markets Tax Credit, Sunrise Banks
David Higgins, Vice President Development, McGough Development
Michael Klisanich, Managing Director - Investments, NAI Legacy
Dan Werry, Registered Representative, JRW Investments
• 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

12:00 pm Adjourn and Networking

2020 Opportunity Zones Summit


  • When

  • Friday, March 6, 2020
    8:00 AM - 12:00 PM
    Central Time

  • Where

  • Golden Valley Country Club
    7001 Golden Valley Rd
    Golden Valley, Minnesota 55427

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