2018 Inaugural iREOC Annual Meeting
May 8 - May 10, 2018 | Montage Deer Valley | Park City, UT
The 2018 iREOC Inaugural Annual Meeting is a "members only" event designed to provide a platform for candid discussions among real estate operating companies, institutional investors and their investment managers on forming and running more profitable and productive REOC partnership investments.
And, as part of the IREI platform, this meeting will uphold a strict ratio of only two real estate operating companies to every one institutional capital provider. This ensures that attendees are able to really engage and get to know one another both on a professional and personal level. View our Attendees tab above to see who is coming to this year's event.
Registration information:
iREOC is an exclusive membership organization. Membership includes one complimentary registration to this event as part of your annual benefits package.
Membership Categories:
Executive Member
- Qualified Institutional Investors – Complimentary Membership
This category is reserved for individuals employed by a public, corporate or union pension fund organization, foundation or endowment, with responsibility for real estate investment strategy or decision-making. Sovereign wealth funds, family offices, outsourced CIO organizations and government officials may also qualify for complimentary membership. A government official is defined as a federal, state, local or city-level government employee focused on the policymaking, planning, and/or funding/financing of real estate projects, as well as legislators and their staff. This definition does not include pension/benefit plan administrators. - Investment Managers
This category is reserved for real estate investment managers serving institutional investors through separate account or fund investment vehicles with strategies that primarily involve third-party REOC partnership investments. - Real Estate Operating Companies
This category is reserved for real estate operating companies, development firms and vertically-integrated real estate investment managers/operators offering REOC partnership investment strategies (that don’t involve third-party partnerships) to institutional investors and their investment managers through specified/individual, programmatic/separate account or fund investment vehicles.
Associate Member
- This category is reserved for other service providers in the institutional real estate investment industry including; research and advisory, investment consultants, placements agents, investment banking, lenders and mortgage brokerage, property management and leasing, legal and accounting, AEC, technology and software, and other industry associations.
To learn more about iREOC view our membership invitation deck. To discuss how you can become a member and part of this meeting, contact David "Mac" McWhorter at d.mcwhorter@irei.com or +1 970-300-8024.
- Agenda
iREOC Board of Governors Day with all members attending
Objective: Designed for Board of Governors to define the future direction of the institute.
Who attends and participates: The Board of Governors meeting is an open meeting comprised of a series of facilitated discussions among the members of the three Board of Governors Councils (Investors, Investment Managers and Operators).
Members of the iREOC who are not current board members are encouraged and welcome to sit in and observe the proceedings.
Attending this part of the annual meeting will enable all members to observe firsthand what is going on at the Board level, and it will create the opportunity for members to raise issues and concerns and to contribute ideas and feedback for further consideration.
To help facilitate this process, proceedings will close with a “Town Hall Forum style” interactive group discussion, where all iREOC members in attendance will be invited to make comments and pose questions to the Board.
| Tuesday, May 8, 2018 | |
| 1:30 p.m. | Welcome & Update |
| 2:00 p.m. | Profiles of Investor Advisory and Investment Manager Council members: How do REOC partnerships fit into their overall real estate investment programs? Also, we discuss profiles of Real Estate Operator Council members and what types of REOC partnerships do they offer. |
| 2:45 p.m. | Developing the Institute: Group Discussions
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| 3:45 p.m. | Break |
| 4:15 p.m. | Governors define the iREOC’s future: Group Discussions
This will be an open forum to help identify the skill sets individual sectors of the iREOC membership are hoping to acquire or enhance in the future through participation in iREOC training programs and workshops. The objective here, again, will be to provide a framework for developing training program ideas for future events that will best satisfy the needs of our constituents. |
| 5:15 p.m. | Town Hall Meeting
Town Hall Meeting is designed to be an open forum for interaction between the Board of Governors and the general iREOC membership the Board represents. |
| 5:45 p.m. | Adjourn |
| 6:00 p.m. | Reception |
| 7:00 p.m. | Dinner |
| 8:30 p.m. | Adjourn |
| iREOC Conference Day
Objective: To deliver high-level presentations, panel discussions and interactive roundtable sessions that will promote creative thinking about potential solutions to the problems confronting the real estate investment industry, in general, and the formation and operation of joint venture operating partnerships, in particular. Who attends and participates: Staff from all member firms. The focus of this day is on relationship building and knowledge. This day program is relevant to all members to gain a broader view of the market and has specific sessions that are geared for capital fund raising, partnership formation and operational personnel. Wednesday, May 9, 2018 |
|
| 8:00 a.m. | Breakfast |
| 9:00 a.m. | Welcome and Overview |
| 9:30 a.m. | Investor Perspectives How do investors develop their REOC partnership programs? What are they looking for from operator partners and investment managers regarding strategies, terms and structures related to deals and investment vehicles? What types of services and firm profiles to partner with? Panel discussion to provide insights on how to make partnership with investors more efficient, effective and productive. Moderator: Panelists: Anthony Frammartino Judy McMahan Eric Schlenker |
| 10:45 a.m. | Break |
| 11:15 a.m. | IREI Resources: Annual Investor Survey, FundTracker and REOCTracker Survey Snapshot
Discover where real estate fits relative to other asset classes? To what real estate strategies are investors allocating capital for 2018? What are investors’ return expectations? See how FundTracker can give you insights into capital flows, strategies, sectors, fundraising trends to help you analyze and develop your strategies. Plus, we will provide a snapshot of our REOC survey so you can see how the REOC marketplace is evolving. Speaker: |
| 12:00 p.m. | Lunch |
| 1:00 p.m. | Anatomy of a Partnership: Specified Deals (Format: Presentation overview, panel discussion with investor, investment manager and operator discussing benefits and challenges of this model, development and relationship dynamics, structure and terms, trends and risks to watch, which will be followed by an open forum Q&A with audience) Moderator: Panelists: Michael Maires Jeffrey C. Newman |
| 1:45 p.m. | Anatomy of a Partnership: Programmatic Ventures (Format: Presentation overview, panel discussion with investor, operator and manager discussing benefits and challenges of this model, development and relationship dynamics, structure and terms, trends and risks to watch, which will be followed by an open forum Q&A with audience) Moderator: Panelists: Frederick J. McIntosh Russell C. Platt Mitch Pleis |
| 2:30 p.m. | Anatomy of a Partnership: Vertically Integrated Operator/Manager Funds (Format: Presentation overview, panel discussion with investor, operator and manager discussing benefits and challenges of this model, development and relationship dynamics, structure and terms, trends and risks to watch, which will be followed by an open forum Q&A with audience) Moderator: Panelists: Brian Combs William Gerrity Lawrence N. Taylor |
| 3:15 p.m. | Break |
| 4:00 p.m. | Data, Tech and Real Estate — What’s Happening and What’s Coming?
Thought leaders from the real estate investment, technology and consulting worlds discuss how the three worlds are intersecting, why and what’s likely to come. Questions that the panel will discuss include: How are investors changing their expectations of managers and operators and their ability to gather, leverage and provide data? How have investor expectations related to transparency and reporting evolved and how will they likely continue to evolve? How is the technology landscape changing and helping with the interchange of data? What can and should organizations do to get better at gathering and putting data to work? Where is this all going and how is it good for the industry? Note: Thursday’s Workshops will do a deep dive into examining details and ways to put data management into action in an interactive format. Moderator: Panelists: Alex Robinson Chris Shaida |
| 4:45 p.m. | Co-Chair Wrap Up Summary |
| 5:00 p.m. | Adjourn |
| 6:00 p.m. | Reception |
| 7:00 p.m. | Dinner |
| iREOC Workshop Day
Objectives of workshops are to: Each of the following is designed to be hands-on training programs to help participants acquire and hone practical and actionable skills. Thursday, May 10, 2018 |
|
| 8:00 a.m. | Breakfast |
| 9:00 a.m. | Workshop: Importance of Data Flows in Accessing and Serving Investor Capital
Why you need to care about it, what are the components of a comprehensive data and information model, what new skills are required, and what should you be doing? This session will discuss the challenges of gathering, leveraging and exchanging data among the Operators, Managers and Investors. We’ll talk about why coordinating and managing data flows is so important. We’ll review a comprehensive information model and drill down to the individual components that make up that model. This includes data definitions, what data standards (NCREIF and others) exist, what is data governance and why should you care, and where to get started. Discussions will include what iREOC member companies are doing today and planning to do in the future, what new types of organizational skills and roles are required, how to find and leverage existing standards, and how we can more effectively work together to smooth the flow of information. Who should attend: All senior level investors, investment managers and operators who are directly involved in data management at the organizational level. Leader: Participants: Dan Dierking Michael Levy |
| 10:30 a.m. | Break |
| 11:00 a.m. | Workshop: The State of REOC Partnership Structures and Terms
Led by an experienced lawyer specializing in structuring and negotiating the spectrum of REOC partnership vehicles from specified one-off deals, to programmatic ventures, to vertically integrated operator/manager fund offerings. How are these vehicles appealing to different types of investors? How do terms compare for programmatic ventures and one-off deals to operator funds? This workshop focuses on the most important dos and don’ts, with case studies and practical checklists to help negotiators prepare and execute more productive negotiations from investor, investment manager and operator view. Who should attend: All senior level investors, investment managers and operators who are directly involved in deals and structuring partnership investment vehicles Leader: Participants: Taylor Mammen Andrew Silberstein Zak Stassi |
| 12:30 p.m. | Lunch |
| 1:30 p.m. | Adjourn |
- Board/Speakers
Event Co-Chairs:
Geoffrey Dohrmann, CRE, President & CEO, Institutional Real Estate, Inc.
David “Mac” McWhorter, Executive Director, iREOC, Institutional Real Estate, Inc.
John D’Angelo, Enterprise Managing Consultant, RealFoundations
Program Advisory Committee of the Board of Governors:
Tony Breault, Senior Real Estate Investment Officer, Oregon State Treasury
Russell Dixon, Founder and Chief Executive Officer, Managing Principal, RedHill Realty Investors, LP
Randy Fein, Principal and Founder, University Communities, LLC
Gloria Gil, Senior Managing Director, Real Estate, University of California Regents
John Kropke, Principal, The Townsend Group
Michael Levy, CEO, Crow Holdings Capital Partners, LLC
Fred McIntosh, Senior Vice President, Capital Markets, Carson Companies
Judy McMahan, Portfolio Manager, Real Assets, UPS Group Trust
Jeff Newman, Chief Financial Officer, Executive Vice President, IDS Real Estate Group
Eric Schlenker, Investment Manager, California Public Employees’ Retirement System
Suzanne West, Managing Principal, Belay Investment Group
- Hotel & Venue
Montage Deer Valley
9100 Marsac Avenue
Park City, UT
- Attendees
EXECUTIVE MEMBERS
Investors
Alaska Electrical Pension Fund
BLG Capital Advisors
California Institute of Technology
California Public Employees’ Retirement System
California State Teachers’ Retirement System
The Collegiate Church Corporation
Colorado Public Employees’ Retirement Association
Harvard Management Company
Jasper Ridge Partners
Makena Capital Management, LLC
MoDOT & Patrol Retirement System
New Mexico Educational Retirement Board
Oregon State Treasury
Rice Management Company
Teacher Retirement System of Texas
The Townsend Group
University of California Regents
UPS Group Trust
Utah Retirement System
Willett Advisors LLC
Investment Managers
Alcion Ventures
Almanac Realty Investors
Artemis Real Estate Partners
Belay Investment Group
Bentall Kennedy
Crow Holdings Capital Partners
Forum Partners
Invesco Real Estate
LaSalle Investment Management
Lionstone Investments
Lubert-Adler Partners, L.P.
Mesa West Capital
USAA Real Estate Co.
Walton Street Capital
Westport Capital Partners LLC
Real Estate Operating Companies
Bixby Land Co.
bkm Capital Partners
Carson Companies
CA Ventures
Christina Development Corporation
ContraVest Development Partners
The Davis Companies
Emmes Realty Advisors, LLC
Everest Healthcare Properties, LLC
First Washington Realty, Inc.
Gerrity Group
Grosvenor Americas
Hart Realty Advisers, Inc.
IDS Real Estate Group
Lincoln Advisory Group
Lloyd Jones Capital
Mosser Capital Management
Newport Capital Partners
RedBridge Capital
Redcar Properties Ltd.
RedHill Realty Investors
ShopOne Centers REIT, Inc.
Skyline Pacific Properties
TGM Associates
University Communities
UpEquity
Western National Group
Westport Properties | US Storage Centers
ASSOCIATE MEMBERS
Other Industry Service Providers
Accord Group Holdings LLC
Blueprint Equity
JLL
Juniper Square
KAP Group, LLC
National Council of Real Estate Investment Fiduciaries (NCREIF)
Park Hill Real Estate Group, LLC
SPONSORS
Founding Strategic Sponsor
- Contact
Logistics/Registration
Lucero Jaramillo
Conference Director
l.jaramillo@irei.com or +1 925-244-0500 ext. 130
Membership Opportunities
David “Mac” McWhorter
Executive Director, iREOC
d.mcwhorter@irei.com or +1 970-300-8024
Speaking Opportunities
John Hunt
Conference Program Manager
j.hunt@irei.com or +1 925-244-0500 ext. 137
