2020 Opportunity Zones Summit

Summary

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

Speakers
Sam O’Connell, Senior Manager, MET Council
Lisa Christianson, President, Christianson & Company 
Mike Salmen, Managing Partner, Transwestern
Chris Velasco, President, PLACE
Marc Nevinski, Development Director, City of Golden Valley
Dan Duffy, President, Daniel K. Duffy Architects, Inc.
Duane Poppe, Managing Principal, Lee & Associates
Breanne Rothstein, Economic Development and Housing Director, City of Brooklyn Park
Greg Hunt, Economic Development Coordinator, City of St. Louis Park


8:00 am Opportunity Zones Overview & Update
• 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 Development Opportunities in Opportunity Zones
• 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 Tax Update & Considerations
• 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
• 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
• 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


2020 Opportunity Zones Summit

Details

  • 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
    USA

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