Note: The next session of REIT School is scheduled for 2011. The material below is from the most recent (June 2010) session.  To receive more information on the 2011 session as it becomes available click here.

 

Day One - Wednesday, June 23
Registration with contnental breakfast opens at 7:45 a.m. Session begins at 8:30 a.m.  

Market Cycles

Dr. Glenn Mueller

Professor, Burns School of Real Estate and Construction Management, University of Denver; Real Estate Investment Strategist, Dividend Capital Group

• 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

Mr. David Loeb

Senior Research Analyst and Managing Director, Robert W. Baird & Co.

• 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

Luncheon

Evaluating REIT Fixed-Income Securities

Mr. Thomas Cook

Managing Director, Citigroup Global

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

Property Analysis

Mr. Thomas L. Regnell

Senior Vice President, Acquisitions, Washington Real Estate Investment Trust

• 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 5:30 p.m.

Cocktail reception follows

Day Two - Thursday, June 24

Contnental breakfast opens at 8:00 a.m. Session begins at 8:30 a.m.

Accessing and Managing Capital (Parts 1 & 2)

Mr. Ryan Fleming

Associate Director, Real Estate, Lodging & Leisure Group, UBS Securities, LLC

Mr. 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

Mr. William Wright

Director, Eastdil Secured

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

Luncheon

Investing in REITs: A Case Study

Mr. Reagan Pratt

Principal & Portfolio Manager, Transwestern Securities Management, L.L.C.

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

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