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

8:00 am Opportunity Zones Tax Overview
Moderator: Jim Lockhart, Partner, Wipfli
Duane Lund, CEO, NAI Legacy
Jeff Peterson, President, Commercial Partners Exchange
Dannielle Lewis, Tax Manager, Wipfli
Phil Colton, Shareholder, Winthrop & Weinstine
John McCarthy, Senior Managing Director, Newmark Knight Frank
• Opportunity Zones 101 – what is it and what is the impact to the real estate community
• 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

9:15 am Becoming a Qualified Opportunity Fund Sponsors / Legal Considerations
Moderator: Larry Fox, Attorney, Avisen Legal, P.A.
Jamie Stolpestad, Managing Partner, Minnesota Opportunity Zone Advisors
Zachary Robins, Attorney, Messerli | Kramer
Lisa Holter, Attorney, Avisen Legal, P.A.
• 70/30 “substantially all” test 
• How to become an Opportunity Zone Sponsor
• Single Asset funds vs Blind Pool funds
• Governing documents of Opportunity Fund
• Risk Factors to consider
• Opportunity Zone Due Diligence and Representations
• Legal timeline and Exit Strategies

10:10 am Break

10:20 am Minnesota Opportunity Zones
Moderator: Deanna S. Kuennen, Community & Economic Development Director, City of Faribault
Jessica Deegan, Federal Affairs Director, Minnesota Housing
Shauen Pearce, Economic Development, City of Minneapolis
John Uphoff, Executive Director, Benton Economic Partnership, Inc.
• 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
• Real Estate Development vs Rehab opportunities
• Investing in Opportunity Zone Based Businesses

11:05 am Capital Markets Update and Funding O-Zone Transactions
Moderator: Todd Taylor, CEO & Attorney, Avisen Legal, P.A.
Christopher Sherman, Senior Vice President Operations & Capital Markets, Sherman Associates
Tony Hallada, Managing Principal, CLA Wealth Advisors
Michael Morrell, Senior Vice President, Sunrise Banks
Dave Rasmussen, Senior Vice President, Grandbridge Real Estate Capital
• 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