Prior to Day One

Webinar - Introduction to REITs

Tuesday, June 16 • 1:30-3:00 p.m. ET

Abigail McCarthy, Vice President, Investment Affairs and Investor Education, National Association of Real Estate Investment Trusts

Chris Pappas, Managing Consultant, Global Realty Consulting

• You are invited to join this online 90-minute introduction to REITs in a webinar that serves as a foundation to REIT School for attendees who are brand-new to the sector. The webinar is included free as part of your REIT School registration.

 

Day One - Wednesday, June 24
Registration opens at 7:30 a.m. Session begins at 8:30 a.m.

Morning

Market Cycles

Glenn Mueller, Professor, Burns School of Real Estate, University of Denver

• An introduction to market analysis and forecasting
• The characteristics of real estate market cycles
• The competitive and strategic issues facing REITs today.

REIT Financial Statement Analysis

Christopher Pappas, Managing Consultant, Global Realty Consulting

• The sources of financial data necessary for evaluating a REIT’s economic health and risk/return profile
• Dissecting the line items of REIT financial statements

Afternoon

Luncheon Keynote Session

Mark Zalatoris, CEO and President, Inland Real Estate

Evaluating REIT Fixed-Income Securities

Thomas Cook, Managing Director, Citigroup Global Markets

• How fixed income analysts look at REITs
• The qualitative factors, quantitative measures and benchmarks underlying corporate debt analysis.

Property Analysis

Tom Regnell, Senior Vice President for Acquisitions, Washington REIT

• The methodology and processes of property acquisition
• The competitive nature of property acquisitions in commercial real estate at-large
• Analytical tools for evaluating property values
• Trends and outlook for cap rates, capital flows and buyer/seller activity

Day One concludes at approximately 5:00 p.m. Cocktail reception follows.

 

Day Two - Thursday, June 25

Session begins at 8:30 a.m.

Morning

Accessing and Managing Capital

Nishant Bakaya, Associate Director, UBS Investment Bank

Larry Finger, President, Strategic Advisory, Inc.

• Methods and options for raising capital
• The advantages and drawbacks of balance sheet management strategies
• The impact of leverage upon market value

Valuation and Mergers & Acquisitions

James Taylor, Head of Real Estate Investment Banking, Eastdil Secured

• Issues surrounding REIT M&A
• Multiple approaches to valuing companies and structuring deals

Afternoon

Restoring Credit and Confidence to Commercial Real Estate

Michael Grupe, Executive Vice President, Research and Investment Affairs,      NAREIT

• The magnitude of the credit crisis for real estate
• Unlocking credit markets through the Government's Financial Stability Plan
• Capital access and restructuring in the REIT industry

Investing in REITs: A Case Study

Frank Haggerty, Portfolio Manager, Duff & Phelps

• A hands-on analysis and valuation of a REIT as a potential investment or acquisition candidiate
• Employs the metrics and methods presented in the preceding sessions

Day Two concludes at approximately 5:00 p.m.

While Attending

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