The Winter Forum on Real Estate Opportunity & Private Fund Investing

IMN Conference


Federal Tax and Mergers + Acquisitions

Montage Resort & Spa
30801 South Coast Highway
Laguna Beach, CA 92651


Attracting 1000+ registrants each year, this three-day event is renowned for its history of delivering unmatched networking opportunities. Developed by leaders within the commercial real estate (CRE) industry representing the full spectrum of industry participants including funds, developers, LPs, law firms, accounting firms, technology firms and other service providers to the industry, the agenda offers real estate investors a strategic approach to the current regulatory and investment environment.

Morrison & Foerster Partner Michelle Jewett will speak on a panel entitled “Fund Exit Strategies: Go Public, Liquidate Assets or Go the M&A Route?” on day 2 of the conference. Topics will include:

  • Exit strategy planning up front;
  • How to assess the ideal timing for closing a fund and starting a new one with the same investor group?;
  • How do listings/M&As impact the economics of the fund? Examining key decision points/issues involved when selecting a route to exit: Understanding partnership allocations, capital account maintenance, carried interest calculations and implications on overall yield;
  • Tax planning, structuring and compliance issues;
  • Understanding the process, timeline and costs for a listing/M&A;
  • How to make yourself attractive to a buyer? What are the operational considerations and postmerger integration issues?;
  • Liquidating assets: Positioning your properties/portfolio;
  • Learning from past successes and failures;
  • What is the best exit strategy in today’s market?; and
  • Locking in IRR’s.

Morrison & Foerster Partner Ken Muller will moderate a panel entitled “Fundraising From US & Foreign Capital Sources 2016” on day 2 of the conference. Topics will include:

  • What feedback are you getting from LPs on their current needs/interests? Have you made any significant changes to your fundraising strategy as a result? If so what? How long do you expect to be in fundraising mode?;
  • What fundraising strategies are working best by investment type (asset specific and/or more general funds)? By investor type? Are there any notable differences in the preferences/expectations between public/private pension plans, endowments, family offices, HNW, SWFs, etc.?;
  • How to access the more elusive LPs, especially for small/non-brand name funds? Perfecting your ‘elevator pitch’;
  • How much $ can GPs expect to put in themselves now? Besides returns, what are LPs looking for in today’s GP?;
  • Crowdfunding & EB-5: What have been your experiences? If not yet tried, do you plan to? Why?;
  • Assessing the impact of weak foreign currency on gaining access to foreign capital & EB-5 financing;
  • When should/shouldn’t foreign capital be considered? How to go about it/gain access? What US CRE assets/geos/markets are foreign investors favoring? How important is brand name to foreign investors? What do foreign investors look for in a fund? In an operating partner for direct investments?; and
  • How to bring foreign capital in and out in the most efficient manner? Tax structuring considerations for foreign investors.

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