2008 l&a onsitebrochure:layout 1 - reit...conference in scottsdale, arizona. offering 33 topical...

2008 NAREITLAW & ACCOUNTING

CONFERENCE

National Association of Real Estate Investment Trusts®

REITs: Building Dividends & Diversification®

Program Schedule

Fairmont Scottsdale Princess

Scottsdale, AZ

March 19 - 21

2008 L&A OnsiteBrochure:Layout 1 3/7/08 11:55 AM Page 2

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go to:www.nareit.com/meetings/lawandaccounting08


CONFERENCE

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WELCOME

The National Association of Real Estate

Investment Trusts® values your attendance at

the 2008 NAREIT Law & Accounting

Conference in Scottsdale, Arizona. Offering

33 topical education sessions plus four

committee meetings, the conference provides

both technical and operational information

on the dynamic changes affecting the REIT

and publicly traded real estate industry. Our

goal for you is to gain insight from leading

experts and keep up with the dynamic state

of the industry.



Program Directors

Frank BurtSVP & General Counsel Boston Properties, Inc.

Diana LaingCFOThomas Properties Group Inc.

Steven Sakwa Senior US REIT Analyst & Global Property

CoordinatorMerrill Lynch & Co., Inc.

Michael SchindlerVP-Tax Strategy & Planning Kimco Realty Corporation

Continuing Education

Up to 15 hours of CPE credits are available.Up to 12.50 hours of CLE credits are available.** Note: Available credit hours vary state to state.

NAREIT is registered with the National Associationof State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on theNational Registry of CPE Sponsors. State boards ofaccountancy have final authority on the acceptanceof individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to

the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite700, Nashville, TN 37219-2417. Web site: www.nasba.org.

NAREIT is a registered public accountant continuing education sponsorwith the Illinois Department of Professional Regulation. NAREIT followsCE regulations as outlined in the California Accountancy Act. Up to 15credits may be earned at the 2008 NAREIT Law & Accounting Conference. The 2008 NAREIT Law & Accounting Conference is an intermediate level course geared toward the legal and accountingfields. No advance preparation is required for this course.

For more information regarding administrative policies such as complaint and refund, please contact Barbara Drag at 202-739-9433.


General Information

AttireThe attire for all conference activities is resort casual.

Badges and TicketsConference educational and networking activities are openonly to registered attendees. Your badge is proof of registration and admission to all meetings activities.Please wear it to all conference functions.

Tickets are required for those attending the Wednesday “invitation only” luncheons, and for guests attending theWednesday evening reception. Tickets can be found tucked inside your badge holder or can be purchased at the NAREITregistration desk.

Conference EvaluationsYour comments and suggestions assist us in designing conferenceprograms that best meet your needs. Immediately followingthe conference, NAREIT will be sending you an electronicevaluation form. Please take a few minutes and let us knowwhat you thought of the conference and how we can improvefor the future.

Conference Registration HoursEast Foyer

Tues., March 18 3:00pm – 5:00pmWed., March 19 7:30am – 6:30pmThurs., March 20 6:30am – 1:00pmFri., March 21 7:30am – 12:30pm

CPE/CLE Credit Immediately following the conference, NAREIT will be sendingyou an electronic CPE/CLE form. This form must be filled outand sent back to NAREIT in order to receive credit. No formswill be distributed onsite during the conference.

Hotel Business CenterNorth FoyerHours: 8:00am – 5:00pm

Message CenterEast FoyerSponsored by Frank Crystal & Co., Inc.

Networking Area / Internet Café North FoyerSponsored by Deutsche Bank Trust Company Americas

Open during registration hours (except Tues.). Beverages andlight snacks are available throughout the day.

Table Top ExhibitsNorth Foyer


Educational Program


CONFERENCE

TUESDAY, March 18

3:00pm - 5:00pm Registration OpensEast Foyer

WEDNESDAY, March 19

7:30am - 6:30pm RegistrationEast Foyer

7:30am - 6:30pm Networking Area / Internet Café North FoyerSponsored by Deutsche Bank Trust

Company Americas

8:00am - 11:15am Best Financial Practices Council(by invitation only)Sonoran (not part of conference center)

11:30am - 1:00pm General Counsel Luncheon (by invitation only)Salon A

11:30am - 1:00pm Senior Financial Officer Luncheon(by invitation only)Salons BC

11:30am - 1:00pm Tax Director Luncheon(by invitation only)McDowell Rooms (not part of conference center)


1:15pm - 2:45pmAccounting Committee MeetingSalons DE

x Report of NAREIT/FASB Liaison Meetingx FAS 157, Fair Value Measurementx Discontinued Operationsx FASB FSP – Accounting for Certain Convertible Debtx FASB Financial Instruments with Characteristics of Equityx Statements 141R and 160, Business Combinations and

Non-Controlling Interests

3:00pm - 4:30pmGovernment Relations CommitteeSalons FG

x Health Care REIT TRS Activitiesx RIDEA and e-Fairness Updatex Taxation of Governments Development Inducementsx Planning Under the Proposed U.S.-Canada Protocolx REIT Liquidating Distributions & FIRPTAx IRS Officials’ Presentation

4:30pm - 6:00pmInsurance CommitteeSoranan (not part of conference center)

x NAREIT D&O Program Updatex REIT D&O Marketplace and Impact of the Current Credit Crisisx NAREIT CleanREIT® Program Updatex Role of Environmental Insurance in Risk Mitigation/Value Add

4:30pm - 6:00pmState and Local Tax SubcommitteeSalons DE

x Update on Captive REIT Proposalsx Complying with New State Tax Regimesx State Tax Impact of Liquidity Crisisx Transfer Tax Updatesx State Tax Implications of International Tax Issues

6:00pm - 7:15pmOpening ReceptionHacienda Plaza & TrellisCo-Sponsored by Greenberg Traurig, LLP and Weiser LLP

DAY, March 18

m - 5:00pm Registration OpensEast Foyer

NESDAY, March 19

m - 6:30pm RegistrationEast Foyer

m - 6:30pm Networking Area / Internet Café North FoyerSponsored by Deutsche Bank Trust Company Americas

m - 11:15am Best Financial Practices Council(by invitation only)Sonoran (not part of conference center)

am - 1:00pm General Counsel Luncheon (by invitation only)Salon A

am - 1:00pm Senior Financial Officer Luncheon(by invitation only)Salons BC

am - 1:00pm Tax Director Luncheon(by invitation only)McDowell Rooms (not part of conference center)



6:30am - 1:00pm RegistrationEast Foyer

6:30am - 1:00pm Networking Area / Internet CaféNorth FoyerSponsored by Deutsche Bank Trust

Company Americas

6:30am - 8:00am Networking BreakfastPrincess PlazaSponsored by Reznick Group, P.C.

7:00am - 8:30amOpening General Session: State of the Real Estate and Capital Markets

Salons FGHI

Welcome: Steven Wechsler,

President & CEO, NAREIT

Moderator: Steven Sakwa, Senior US REIT Analyst & Global Property

Coordinator, Merrill Lynch & Co., Inc.

Panelists: Bruce Ferguson, Managing Director, The Royal Bank of ScotlandEdward Lange, EVP & COO, BRE Properties, Inc.John Schoenfeld, Managing Director-Real Estate,

Houlihan Lokey Howard & ZukinSusan Smith, Senior Associate, PricewaterhouseCoopers LLPMichael Torres, CEO, Adelante Capital Management LLC

x Recession Ahead?x Credit Terms and Availabilityx Value Prospects for REIT Stocks?x Direction of Real Estate Values

8:30am - 8:45amNetworking BreakNorth Foyer

THURSDAY, March 20


8:45am - 9:45amConcurrent Session 1: Sustainability: Reducing Energy

Costs and Enhancing Investor InterestSalons ABCDE

Moderator: Branko Terzic, Global Regulatory Policy Leader,

Deloitte & Touche, LLP

Panelists: Diana Laing, CFO, Thomas Properties Group, Inc.Melissa Marsden, SVP-Investor Relations & Corporate

Communications, ProLogisAndrew Nelson, VP-Research, RREEF

x Raising Funds for Green Buildingsx Best Practices in Reducing Energy Footprintx Benefits to Landlords and Tenantsx LEEDS Issues in Development, Leasing, Property

Management and Corporate Disclosure

8:45am - 9:45amConcurrent Session 2: Commercial and Tax Issues for U.S.

REITs Investing AbroadSalons FGHI

Moderator: Joseph Howe, III, Partner, Arnold & Porter, LLP

Panelists: Jeffrey Clark, SVP-Tax, Host Hotels & Resorts, Inc.Rohn Grazer, SVP & Tax Director, AMB Property CorporationBartjan Zoetmulder, Tax Partner, Loyens & Loeff N.V.

x Hotel Operations: Managing Foreign Laws and Potential Conflicts

x Structures for Minimizing Foreign Taxesx Repatriation Strategiesx Distributions Beyond Retained Earningsx Approaches to Common Obstacles in Foreign Countries

THURSDAY, March 20



8:45am – 9:45amConcurrent Session 3: XBRL DemonstratedSonoran

Panelists: Rob Blake, Senior Director-Interactive Services, Bowne & Co., Inc.Jeffrey Naumann, Enabling Technology Specialist, Securities

and Exchange CommissionLori Palazzolo, FVP-Corporate Accounting & Financial

Reporting, ProLogis

x Cost/Benefit Analysisx SEC Mandated Use?

8:45am - 9:45amConcurrent Session 4: Issue Roundtables Hacienda Plaza Sponsored by Deloitte LLP

Cash ManagementDiscussion Leader: Richard Smith, CFO, Ramco-Gershenson

Properties Trustx Enhanced Efficiency Through the Use of Automated Clearing

Housex Paperless Payables Processing – An Advantage for CAM Billingsx Use and Control of “Pay Cards”

Compensation Tax and Proxy Issues Discussion Leader: David Taub, Attorney, Latham & Watkins LLPx Section 162(m) Developmentsx OP Equity Awards/Self-Employment Issuesx CD&A and Other Disclosure Issuesx Section 409A

Corporate GovernanceDiscussion Leaders: James Hanks, Jr., Partner, Venable LLPRichard Rosenblatt, Partner, Morgan, Lewis & Bockius LLPx Classified Boardsx Poison Pillsx Whistleblower Issues

THURSDAY, March 20 (continued)


General Counsel IssuesDiscussion Leaders: Edward Nekritz, Managing Director &

General Counsel, ProLogisStanley Stevens, Partner, Sidley Austin LLPx GC’s Relationship with the Board and Senior Managementx Pro-Active Approaches to M&Ax Secrets to Building Successful In-House Teamsx Developing Strong Partnerships with Outside Counselx Lasting Impact of SOX and other Governance Reforms

Human Resources IssuesDiscussion Leader: Pamela Wagoner, SVP-Human Resources,

Host Hotels & Resorts, Inc.x Succession Planningx Talent Managementx Talent Acquisitionx Compensationx Generational Differences

Infrastructure REITsDiscussion Leaders: David Miller, Principal, Ernst & Young LLPTimothy Michael Toy, Partner, Bracewell & Giulliani LLPx Exploring Conclusions in PLR 200725015x Extending the Analysis to Other Infrastructure Typesx Analyzing Business Prospects of Using This Ruling

Interest Rate and Currency Risk HedgingDiscussion Leader: Luke Zubrod, Hedge Consultant,

Chatham Financial Corporationx Implications of Turbulent Markets on Forward Hedging

Strategies for Fixed Rate Debtx Hedging Floating Rate Debt in Today’s Interest Rate

Environmentx Hedging Foreign Currency Exposure as REITs Expand

Overseas Investments

Leveraging Technology for Business IntelligenceDiscussion Leaders: Tapan Nagori, Director-Technology,

PricewaterhouseCoopers LLPChristopher Nichols, VP & Controller, Berkshire Income Realtyx Leading Edge Technologyx Enabling Process Improvement Through Technology

Listed Australian Property TrustsDiscussion Leader: Roger Porter, EVP-Tax, The Westfield Groupx Inbound Investment by Government Entitiesx Liquidating Distributionsx Inbound Investment through Transparent Entities

THURSDAY, March 20


Non-Traded REITsDiscussion Leaders: Judith Fryer, Co-Head, National REIT

Practice, Greenberg Traurig, LLPSteven Grimes, COO & CFO, Inland Western Retail Real Estate

Trust, Inc.x Continued Money Raising in 2008?x Engaging with Traded REITsx New Players in the Space

Property TaxesDiscussion Leaders: Norman Quinn, III, President, B&D Equity

Property Tax GroupKenneth Rogers, Real Estate Tax Manager, Duke Realty

Corporationx Appeals, Acquisitions, Mergersx Compliance Issuesx Choosing an Operating Model for Your Organizationx Computer Support Systems

Real Estate Lending IssuesDiscussion Leaders: William O’Callaghan, Jr., Partner,

Alston & Bird LLPDiane Shapiro Richer, Partner, Pillsbury Winthrop Shaw

Pittman LLPx Changing Underwriting Requirements

State and Local Income TaxesDiscussion Leaders: Corky Robertson, Director-Corporate

Taxation, Simon Property GroupStephen Ryan, Partner-State and Local Tax Services,

Grant Thornton LLPx FIN 48: Is Everything Settled?x Franchise (Net Worth) Tax Base Issuesx State Withholding: Does Any State Not Require It?x Realty Transfer Tax: Monitoring “Controlling Ownership

Interest” Changes


10:00am - 11:00amConcurrent Session 1: Like Kind ExchangesSalons ABCDE

Moderator: Gregory Imhoff, SVP & Chief Administrative Officer,

Brandywine Realty Trust

Panelists: Daniel Feehan, Director, Deutsche BankAdam Handler, Principal, PricewaterhouseCoopers LLPLouis Weller, Principal-National Real Estate Tax Services,

Deloitte Tax, LLP



x New IRS Guidancex Reverse Starkers Outside the Safe Harborx Economics of Exchanges in Current Market

10:00am - 11:00amConcurrent Session 2: Harmonization of Global

Accounting StandardsSalons FGHI

Moderator: Steven Broadwater, Director-Corporate Financial Reporting,

Simon Property Group

Panelists: William Menchero, IFRS Reporting Manager, Equity One, Inc.Teresa Neto, VP-Financial Reporting, Real Property

Association of CanadaThomas Wilkin, Partner, PricewaterhouseCoopers LLP

x Proposed Financial Statement Modelx Reporting Discontinued Operationsx Proportionate Consolidationx Lease Accounting

10:00am - 11:00amConcurrent Session 3: Property Sector RoundtablesHacienda PlazaSponsored by Deloitte LLP

Commercial/Home Financing Sector IssuesDiscussion Leaders: George Howell, III, Partner, Hunton &

Williams LLPSteven Kauff, EVP & Tax Director, NorthStar Realty Finance

Corporationx Excess Inclusion Issues and Implementationx Impact of Credit Markets on CDO REIT Business Model

Health Care Sector IssuesDiscussion Leaders: Robert Brehl, CAO & Controller, Ventas, Inc.Charles Handy, CFO, Cogdell Spencer Inc.Paul Nungester, Jr., VP & Controller, Health Care REIT, Inc.x Working with Third Party Managers and Joint Venture Partnersx Implementing Purchase Accounting Rulesx Minimizing Transfer and Real Estate Taxes

THURSDAY, March 20



Industrial Sector Issues Discussion Leaders: Bruce Corkern, SVP & CAO,

EastGroup PropertiesMark Skomal, VP & Controller, DCT Industrial Trust, Inc.Roger Von Ting, CFO & Treasurer, Watson Land Company

Lodging Resorts Sector IssuesDiscussion Leaders: Elizabeth Abdoo, EVP & General Counsel,

Host Hotels & Resorts, Inc.Kenneth Cruse, CFO, Sunstone Hotel Investors, Inc.Jonathan Yellen, EVP, General Counsel & Secretary, Felcor

Lodging Trust Incorporated

Office Sector IssuesDiscussion Leaders: Ashia Derkson, VP-Finance & Accounting,

Shorenstein Realty ServicesHeidi Roth, SVP & Controller, Kilroy Realty Corporation

Regional Malls Sector IssuesDiscussion Leader: Esther Blum, SVP, CAO & Controller,

Taubman Centers, Inc.

Residential Sector IssuesDiscussion Leaders: Kerry Fanwick, SVP & General Counsel,

BRE Properties, Inc.Dawn Severt, CFO, Lion Gables Residential Trust

Shopping Centers IssuesDiscussion Leaders: Lawrence Kreider, CFO, Cedar Shopping

Centers, Inc.Michael Nelson, SVP & CFO, Acadia Realty Trustx Green Initiativesx Mixed Use Developmentsx Retail Going Verticalx Billing CAM and Real Estate Taxes

Timber Sector Issues Discussion Leaders: Joan Lautenschleger, CFO, Forest Capital

Partners LLCScott Winer, VP-Taxes, Rayonier Inc.x TREE Actx State Tax Legislation x Transactions with TRSsx Audits: Status and Issuesx Carbon Credits: REIT Tax Issues




11:15am - 12:15pmConcurrent Session 1: SEC Hot TopicsSalons ABCDE

Moderator: Edward Schulman, SVP, General Counsel &

Secretary, AvalonBay Communities, Inc.

Panelists: Melanie Dolan, Partner, KPMG, LLPKaren Garnett, Assistant Director-Division of Corporation

Finance, Securities and Exchange CommissionEric Graham, Partner, Goodwin Procter LLPKeri Shea, VP-Finance & Treasurer, AvalonBay Communities, Inc.

x Executive Compensation Issuesx SEC Comment Lettersx Proxy Access Issuesx Majority Voting

11:15am - 12:15pmConcurrent Session 2: Federal Tax Issues in Executing A

Company’s Business PlanSalons FGHI

Moderator: Michael Schindler, VP-Tax Strategy & Planning,

Kimco Realty Corporation

Panelists: Cristina Arumi, Partner, Hogan & Hartson LLPJames Brock, Partner-Real Estate Tax, Deloitte Tax, LLPJames Sowell, Tax Principal, KPMG, LLPDonna Wagner, SVP-Acquisitions, Liberty Property Trust

x Recycling Cashx U.S. & Foreign Joint Venturesx Acquisition of Distressed Debt Instrumentsx FFO Issues

12:15pmBoxed Lunch (Golfers – box lunch provided at golf course)North FoyerSponsored by Grant Thornton LLP

THURSDAY, March 20


Optional Events(Shuttle pick-up is located at the north end

of the Conference Center)

1:00pm

Golf Tournament – TPC Stadium CourseSponsored by AIG Real Estate Solutions

(Box lunch provided at golf course)

1:30pm

Tennis Tournament

1:30pm - 5:00pm

Frank Lloyd Wright Taliesin West

1:30pm - 5:30pm

Sonoran Desert Horse Back Riding

1:30pm - 5:30pm

Desert River Float

4:00pm - 7:30pm

Sonoran Desert Balloon Flight




7:30am - 12:30pmRegistrationEast Foyer

7:30am - 12:30pmNetworking Area / Internet CaféNorth FoyerSponsored by Deutsche Bank Trust Company Americas

8:00am - 9:15amBreakfast General Session Salons FGHISponsored by Venable LLP

Speakers:

William KristolEditor, The Weekly Standard and Columnist,

The New York Times

Mara LiassonNational Political Correspondent,

National Public Radio


9:30am - 10:45amGeneral Session: Joint Ventures As A Business ModelSalons ABCDE

Moderator: Frank Burt, SVP & General Counsel, Boston Properties, Inc.

Panelists: Joan Allgood, EVP-Corporate Governance & Transactions,

Developers Diversified Realty CorporationDavid Archibald, EVP-Investments, Ivy RealtySanford Presant, Co-Chairman, National Real Estate Fund

Practice, DLA Piper US LLP

x Public/Private Issues x REITs as Service Partner vs. Money Partnerx Control Issuesx Exit Issuesx REIT Tax Issues

friDAY, March 21



11:00am - 12:15pmConcurrent Session 1: Implementing Fair Value Reporting

of Investment PropertySalons ABCDE

Moderator: George Yungmann, SVP-Financial Standards, NAREIT

Panelists: David Elsbree, Jr., Practice Fellow, Financial Accounting

Standards BoardHans Grönloh, Partner-Financial Services, KPMG, LLPDeborah Jackson, Valuation Consultant, Weiser Realty

Advisers LLCWilliam Menchero, IFRS Reporting Manager, Equity One, Inc.

x Requirements of IAS 40/Fair Value Option FASx Roles of the Company, Appraiser and Auditorx Importance of Market Observable Inputsx Cost-Effective External Valuation Support

11:00am - 12:15pmConcurrent Session 2: Federal Tax Compliance – Avoiding

Pitfalls and ProblemsSalons FGHI

Moderator: Michael Brody, Partner, Latham & Watkins LLP

Panelists: Arthur Greenberg, Senior Tax Advisor, Equity ResidentialStephen Greene, Director-Tax Analysis, Colonial Properties TrustCharles Temkin, Director, Deloitte Tax, LLPDianne Umberger, Partner, Ernst & Young LLP

x REIT Internal Controlsx REIT TRS Issuesx REIT Lending and Hedging Issuesx Avoiding Nonqualifying Fees from Partnershipsx Curing Asset Test Issuesx Closing Agreements and 9100 Relief

12:15pm Program Concludes

friDAY, March 21 (continued)


2008 Conference Sponsors

NAREIT would like to thank all sponsors for their generoussupport of the 2008 Law & Accounting Conference.

AIG Real Estate SolutionsGolf Tournament

Venable LLPFriday Breakfast and Speaker

Platinum

Gold

Chicago Deferred Exchange Company

Attendee Gift - USB Hub

Deutsche Bank Trust Company Americas

Networking Area / Internet Café

DLA Piper US LLPAttendee Gift - Travel Wallet

Ernst & Young, LLPLanyards

Fried, Frank, Harris, Shriver & Jacobson LLP

Wall Street Journals

Goodwin Procter LLPHotel Key Card

Grant Thornton LLPThursday Box Lunch

Greenberg Traurig, LLPOpening Reception Co-Sponsor

KPMG, LLPConference Bag Co-Sponsor

Latham & Watkins LLPConference Room Drop

Mayer Brown LLPConference Bag Co-Sponsor

REIT Funding LLCConference Onsite Program

Weiser LLPOpening Reception Co-Sponsor

Silver

Alston & Bird LLPIce Cream Cart

Arnold & Porter LLPComputer Cool Lift

Deloitte LLPRoundtable Discussions

Frank Crystal & Co., Inc.Message Center

Pillsbury Winthrop ShawPittman LLPOnline Sourcebook

PricewaterhouseCoopers LLPAudio Visual Equipment

Reznick Group, P.C.Thursday Networking Breakfast

Table Top

Sponsors

Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C.

Chatham Financial CorporationCommercial Defeasance, LLCEquity Methods

(as of March 7, 2008)


conference center Map

Fairmont Scottsdale Princess • Scottsdale, AZ


onference center Map



Resort Map


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NAREIT Meetings Calendar

* by invitation only

2008REITWeek: NAREIT’s Investor Forum®*June 4 - 6Waldorf=AstoriaNew York, NY

Senior Financial Officer / Investor Relations OfficerWorkshop*September 22 – 23Marriott Financial Center HotelNew York, NY

Annual ConventionNovember 19 – 21Manchester Grand HyattSan Diego, CA

2009Washington Leadership Forum*February 24 – 25 Fairmont Washington DC Washington, DC

Law & Accounting ConferenceMarch 25 – 27La Quinta Resort & ClubLa Quinta, CA

REITWeek: NAREIT’s InvestorForum®*June 3 - 5Waldorf=AstoriaNew York, NY

Senior Financial Officer / Investor Relations OfficerWorkshop*September 21 – 22Marriott Financial Center HotelNew York, NY

Annual ConventionNovember 11 – 13JW Marriott Desert Ridge Phoenix, AZ

2010Washington Leadership Forum*TBDWashington, DC

Law & Accounting ConferenceMarch 24 – 26Marriott Orlando World Center Orlando, FL

REITWeek: NAREIT’s InvestorForum®*June 8 – 10 Hilton ChicagoChicago, IL

Senior Financial Officer / Investor Relations OfficerWorkshop*TBDNew York, NY

Annual ConventionNovember 15 – 17 Waldorf=Astoria New York, NY


Notes



Scottsdale, AZ

Notes


2008 l&a onsitebrochure:layout 1 - reit...conference in scottsdale, arizona. offering 33 topical...

Documents