Texas Real Estate Opportunity Zones Summit

Summary

Texas Real Estate Opportunity Zones Summit
Thursday, March 28, 2019
8:00 AM - 12:00 PM Program
The Briar Club
2603 Timmons Ln, Houston, Texas 77027, USA

Speakers Include:
John Hammond,
President & CEO, Riverway Title
Duane Lund, CEO, NAI Legacy  
Omar Izfar, Attorney, Wilson Cribbs + Goren
Brad Elmore, Vice President, NewQuest
Chris Goodrich, Partner, Crady Jewett McCulley & Houren, LLP
Zach Scott, Economic Development Manager, Greater Houston Partnership
Amanda Timm, Executive Director, LISC Greater Houston
Craig Bernstein, Principal, OPZ Bernstein Opportunity Zone Fund
B. J. Simon, Associate Executive Director, Baytown-West Chambers County EDF
Raj Bandla, Attorney, Locke Lord LLP
Cory Older, President, River City Capital Partners
Raudel Garza, Manager & CEO, Harlingen Economic Development Corporation


8:00 am Opening Remarks and Opportunity Zones Location Overview
• Opportunity Zones 101 – what is it and what is the impact to the real estate community
• Locations of Opportunity Zones in Houston Metro Area
• How were the Houston Opportunity Zones selected?
• Other economic development opportunities in O Zones

8:25 am Real Estate Opportunities in O 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 O Zone Rules can help your tenants)

9:10 Legal and Accounting 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
• Opportunity Zone Due Diligence and Representations
• Legal timeline and Exit Strategies

9:50 am Break

10:05 Starting or Managing an Opportunity Fund / Fund Qualifications
• 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

10:30 am Funding a Deal / Partnering with a Fund Sponsor
• Financing Single Asset Opportunity Zone Opportunities
• Construction vs Permanent Loan considerations
• Equity sources for Opportunity Funds
• LTV considerations, underwriting Opportunity Zone risk
• Recourse vs Non-recourse considerations

11:00 am End of Program

11:00 to 12:00 Networking and Q&A

Houston Real Estate Opportunity Zones Summit

Details

  • When

  • Thursday, March 28, 2019
    8:00 AM - 12:00 PM
    Central Time

  • Where

  • The Briar Club
    2603 Timmons Ln
    Houston, Texas 77027
    USA

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