Real Estate Opportunity Zones Summit


Real Estate Opportunity Zones Summit
Tuesday, December 11, 2018
8:00 AM - 12:00 PM Program
Golden Valley Country Club
7001 Golden Valley, Golden Valley, Minnesota 55427, USA

Speakers Include:
Duane Lund,
CEO, NAI Legacy
Jamie Stolpestad, Managing Partner, Minnesota Opportunity Zone Advisors
John McCarthy, Senior Managing Director, Newmark Knight Frank
Jeff Peterson, President, Commercial Partners Exchange
Jim Lockhart, Partner, Wipfli
Christopher Sherman, Senior Vice President Operations & Capital Markets, Sherman Associates
Phil Colton, Shareholder, Winthrop & Weinstine
Bob Isaacson, Executive Director Business Finance, Minnesota DEED
Ryan Baumtrog, Assistant Commissioner, Minnesota Housing
Shauen Pearce, Economic Development, City of Minneapolis
Dannielle Lewis, Tax Manager, Wipfli
Tony Hallada, Managing Principal, CLA Wealth Advisors
Larry Fox, Attorney, Avisen Legal, P.A.
Todd Taylor, CEO & Attorney, Avisen Legal, P.A.
Michael Morrell, Senior Vice President, Sunrise Banks

8:00 am Opening Remarks 
• Opportunity Zones 101 – what is it and what is the impact to the real estate community

8:15 am Opportunity Zones Tax Overview 
• Tax Cuts and Jobs Act Opportunity Zones overview 
• Key Tax Benefits/Incentives of Opportunity Zones
• What is a Qualified Opportunity Fund
• Tax Reporting – Form 8949
• IRB Notice 2018-48

8:50 am Qualified Opportunity Funds Sponsors 
• 70/30 “substantially all” test 
• How to become an Opportunity Zone Sponsor
• Single Asset funds vs Blind Pool funds
• Real Estate Development vs Rehab opportunities
• Investing in Opportunity Zone Based Businesses

9:30 am Break

9:40 am Minnesota Opportunity Zones 
• Approved Minnesota Opportunity Zones
• How were the Minnesota Opportunity Zones selected?
• 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

10:30 am Legal Considerations for Opportunity Zones 
• Governing documents of Opportunity Fund
• Risk Factors to consider
• Opportunity Zone Due Diligence and Representations
• Legal timeline and Exit Strategies

11:05 am Capital Markets Update and Funding O-Zone Transactions
• Venture Capital & Social Impact Investment Funds
• Financing Single Asset Opportunity Zone Opportunities
• Construction vs Permanent Loan considerations
• Equity sources for Opportunity Funds
• LTV considerations 
• Recourse vs Non-recourse considerations

12:00 pm Adjourn

Real Estate Opportunity Zones


  • When

  • Tuesday, December 11, 2018
    8:00 AM - 12:00 PM
    Central Time

  • Where

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

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