2024 iREOC Annual Membership Meeting

November 20 - 22, 2024 | Omni Barton Creek | Austin, Texas

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Agenda
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The 2024 iREOC Annual Membership 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.

iREOC delivers a quality agenda that is marketing-free. IREI does not permit any side meetings, at any time during our scheduled program. Additionally, the attendee list shall not be utilized for marketing purposes, of any type, nor should it be used for distribution. These are both a violation of IRE's events policy and we reserve the right to rescind any future attendance. We trust you understand that these (and our related event policies) have always been designed to ensure we can create the kind of unique, special experience for all attendees we’ve always been known for.

iREOC is an exclusive membership organization. Membership Categories can be found here: https://irei.com/ireoc/our-members/

Registration:

Investment Managers, Real Estate Operating Companies and other Industry Service Providers: $4,895 (first attendee), $3,495 (2^nd attendee from the same firm)

Qualified Investors: Complimentary

To learn more about iREOC, please view our Membership Brochure.

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 or Chase McWhorter at c.mcwhorter@irei.com or +1 949-903-2128.

iREOC Testimonials

Mitch Pleis, Investment Officer, California State Teachers' Retirement System

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“The iREOC inaugural annual meeting was a great event for institutional investors who are engaged in directly investing in REOC partnerships or indirectly through their investment managers. It provided an open venue for leaders from across the industry to connect and candidly exchanges ideas.”

Anthony Frammartino, Principal, The Townsend Group

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“The iREOC forum provided an open environment for idea exchange and the opportunity to meet with compelling operating partners.”

Scott Stuckman, Head of Global Investments, Affinius Capital

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“REOC partnerships have been a key component of most investor portfolios since the beginning of the institutional real estate investment industry, particularly in value-add and opportunistic strategies, but there’s never been an industry organization dedicated exclusively to advancing this dynamic segment of the market. iREOC is filling that void and the inaugural membership meeting in Park City set an exceptional standard for future events.”

Michael Levy, CEO, Crow Holdings

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“Data, analytics and information management are increasingly critical business considerations throughout our industry. iREOC is providing an opportunity for institutional investors, their investment managers and operating partners to engage in meaningful discussions around systems and technology implementation. This will be core to our future success together.”

Russell Dixon, President & CEO, Managing Principal, RedHill Realty Investors

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"iREOC’s inaugural gathering in May, established the primary bridge between real estate operators and the institutional investor community. That bridge enabled a dialog of understanding to commence—improving the quality and nature of this most important working partnership.”

Agenda

Draft agenda: Subject to change

Wednesday, November 20, 2024
3:00 pm	Registration check-in
4:00 pm	Welcome & Introductions Moderator(s): David “Mac” McWhorter Managing Director, Institute for Real Estate Operating Companies (iREOC) a division of Institutional Real Estate, Inc. Geoffrey Dohrmann Chairman and CEO, Institutional Real Estate, Inc.
5:30 pm	Investor/Capital Partner Fireside Chat Interactive panel discussion and forum with audience designed to provide you with a better understanding of panel members’ overall program and how real estate fits into it. Hear what strategies and vehicles these investors and capital providers prefer, and why. Discover how and why they invest in REOC partnerships and what investment models they prefer. Moderator(s): Elizabeth Bell Principal, Real Assets, Hamilton Lane Speaker(s) and Panelist(s): Joyce Chow Director, Real Estate Platforms, GI Partners Coburn Packard Partner & Head of Real Estate, BDT & MSD Partners Eric Plesman Head of Global Real Estate, Healthcare of Ontario Pension Plan (HOOPP) Sally Stocks Senior Portfolio Manager, California State Teachers’ Retirement System
6:30 pm	Networking Cocktail Reception & Buffet Dinner
8:00 pm	Adjourn
Thursday, November 21, 2024
7:30 am	Networking Breakfast
8:30 am	Welcome & Overview Moderator(s): David “Mac” McWhorter Managing Director, Institute for Real Estate Operating Companies (iREOC) a division of Institutional Real Estate, Inc. Geoffrey Dohrmann Chairman and CEO, Institutional Real Estate, Inc.
9:00 am	Evolution of REOC Partnership Model Through Cycles How have fees, terms and structures changed? (Will cover deal JVs, programmatic JVs, REOC-sponsored funds and OpCo-level investments.) What were some of the key REOC partnership stress points among investors, investment managers and operators and for the group as a whole in each cycle? What were some of the main lessons learned from each cycle? Moderator(s): Craig Rochette Director, Real Estate Investments, Teacher Retirement System of Texas Speaker(s) and Panelist(s): Min H. Lim Partner, Head of APAC, Townsend Group Mo Saraiya Managing Director, Platform Investments, Madison International Realty
9:45am	Evolution of REOC Partnership Market: Roundtable Discussions & Group Table Reports Roundtables pick one of three discussion topics with three related discussion questions, which is followed by open forum table reports.
10:30 am	Break
11:00 am	GP-led Secondaries & Recapitalizations in REOC Partnership Marketplace How do you define secondaries today? What is different about today’s secondary market from 10 years ago? A look at different approaches and strategies using secondaries and a look at strengths and trade-offs of each What are risk management advantages and challenges to consider for each of the strategies? Today’s market: What is trading and why? What are trends related to pricing, liquidity, and terms? Moderator(s): Roman Braslavsky Partner, Head of Real Estate, Pantheon Speaker(s) and Panelist(s): Jeff Giller Head of StepStone Real Estate James Sunday Partner, Co-Head of Real Estate Secondaries, Ares Management LLC Michael Yang Senior Managing Director, Head of Secondaries and Liquidity Solutions, CBRE Investment Banking
11:45 am	Going Direct: Costs, Challenges & Alternatives Direct vs. indirect: Reviewing benefits and trade-offs of models REOCs moving from offering non-discretionary deal or programmatic JV structures to launching a discretionary REOC-sponsored fund What are the real costs of direct investing in REOC partnerships? What are the challenges of direct investing in REOC partnerships? How and why can allocators and oversight mangers investing in REOC partnerships create value for investors? Moderator(s): Amy Curry Partner, Chief Strategy Officer, Dermody Properties Speaker(s) and Panelist(s): Andrew Janko Managing Director, RFA, RCLCO Fund Advisors Brian Planey Portfolio Manager – Real Estate, State of Wisconsin Investment Board Gina Spiegel Senior Managing Director, Co-Head of Partners Solutions Group, Crow Holdings
12:30 pm	Lunch
2:00 pm	What is driving the shift and growth of entity-level investing? During this session, we will explore the following topics: A look at alternative REOC investing strategies and where entity level fits Examine common misconceptions and assumptions around entity-level strategy Put overall challenges into context with insights on how to manage them Wrapping up: Defining short- and long-term benefits of this approach Moderator(s): Heather Fernstrom Border Co-Founder & Managing Partner, Alliance Global Advisors Speaker(s) and Panelist(s): Andrew Silberstein Managing Director, Head of Private Markets - Almanac Realty Investors, NB Alternatives Advisers LLC
2:45 pm	Entity-level investing: Roundtable Discussions & Group Table Reports Roundtables pick one of three discussion topics with three related discussion questions, which is followed by open forum table reports.
3:30 pm	Break
4:00 pm	U.S. Capital Flow Trends into U.S. Real Estate & REOC Partnerships Where is capital flowing now, and why? What types of partnership deals are getting done now, and why are those working and others are not? Where is REOC capital headed in the next 12 to 24 months, and why? Moderator(s): Geoffrey Dohrmann Chairman and CEO, Institutional Real Estate, Inc. Speaker(s) and Panelist(s): Mike Joseph, CFA Senior Managing Director, Co-Head Equity Placement, Jones Lang LaSalle Securities, LLC Dr. Will McIntosh Global Head of Research, Affinius Capital Drew Murphy Partner, Berkshire Global Advisors
4:45 pm	Advisory Board Wrap-up Summary & Closing Remarks Moderator(s): David “Mac” McWhorter Managing Director, Institute for Real Estate Operating Companies (iREOC) a division of Institutional Real Estate, Inc. Geoffrey Dohrmann Chairman and CEO, Institutional Real Estate, Inc. Speaker(s) and Panelist(s): Elizabeth Bell Principal, Real Assets, Hamilton Lane Roman Braslavsky Partner, Head of Real Estate, Pantheon Amy Curry Partner, Chief Strategy Officer, Dermody Properties Craig Rochette Director, Real Estate Investments, Teacher Retirement System of Texas
5:15 pm	Adjourn
6:00 pm	Cocktail Reception
7:00 pm	Gala Dinner
8:30 pm	Adjourn
Friday, November 22, 2024
7:30 am	Networking breakfast
9:00 am	Adjourn & golfers get ready
10:00 am	Optional Golf

Board/Speakers

Co-Chairs:

David “Mac” McWhorter
Managing Director, Institute for Real Estate Operating Companies (iREOC) a division of Institutional Real Estate, Inc.

Geoffrey Dohrmann
Chairman and CEO
Institutional Real Estate, Inc.

Advisory Board:

Elizabeth Bell
Principal, Real Assets
Hamilton Lane

Roman Braslavsky
Partner, Head of Real Estate
Pantheon

Amy Curry
Partner, Chief Strategy Officer
Dermody Properties

Craig Rochette
Director, Real Estate Investments
Teacher Retirement System of Texas

Hotel & Venue

Omni Barton Creek

8212 Barton Club Drive

Austin, Texas

Platinum

Grosvenor

Juniper Square

Stoneweg US LLC

TSB Capital Advisors

Gold

Bixby Capital Management

Silver

ShopOne Centers REIT, Inc.

Contributing

Pantheon

Advertising/Media

Attendees

You can view our current membership directory to see which companies are invited to attend this event.

Contact

Registration
Jody (Barhanovich) Johns
Event Coordinator/Registrar
j.barhanovich@irei.com or +1 925-244-0500 ext. 190

Logistics
Lucero Jaramillo
Conference Director
l.jaramillo@irei.com or +1 925-244-0500 ext. 130

Sponsorship Opportunities
Randy Schein
Conference Sales Manager
r.schein@irei.com or +1 212-706-7023

Speaking Opportunities
John Hunt
Conference Program Manager
j.hunt@irei.com or +1 925-244-0500 ext. 137

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