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Monday, December 9, 2024

7:00 AM – 6:00 PM PST

Registration

7:30 AM – 8:30 AM PST

Continental Breakfast (workshop attendees)

8:00 AM – 11:00 AM PST

COR24101. Construction Tech and AI Use Cases (Pre-Conference Workshop, Onsite Only, No Additional Fee)

Stephen Jones

- Senior Director | Dodge Construction Network

Ivan Panushev

- CEO | TwinKnowledge Inc.

Erin Roberts

- Partner, Global Engineering Construction Leader | EY

Artificial intelligence (AI) is a current top trend in technology. Presenters in this workshop will provide an overview of that trend and will engage attendees in exploring specific examples of how AI is being deployed in use cases for real estate and construction.


Learning Objectives:

  • Determine how construction-related companies are currently deploying a variety of AI-powered technologies and what emerging technologies are likely to be most valuable.
  • Analyze specific use cases where artificial intelligence provides value to companies in real estate and construction.

8:00 AM – 11:00 AM PST

COR24102. Due Diligence (Pre-Conference Workshop, Onsite Only, No Additional Fee)

Kevin Benenfeld

- Partner | EY

George Hayes

- Partner, Northern Pacific Real Estate Tax Practice Leader | KPMG

Elliot Newton

- Managing Director - Deal Advisory | KPMG

Presenters in the workshop will provide an overview of financial and tax due diligence, including supporting the underlying investment thesis and basis of evaluation with a quality of earnings analysis. In addition, net working capital and net debt procedures will be discussed with their impact on the purchase and sale process.


Learning Objectives:

  • Recognize the diligence process, including analyses performed by advisors to assist their clients with making decisions.
  • Identify how the analyses performed correlate to the purchase and sale agreement.

12:30 PM – 1:30 PM PST

COR2401. Welcome Remarks | The Way We'll Live Next: Technology, Climate, and the Future of Real Estate

Greg Lindsay

- senior fellow | MIT Future Urban Collectives Lab

Join futurist Greg Lindsay for an eye-opening exploration of how emerging technologies, climate change, and shifting demographics are reshaping the built environment and real estate industry. This session delves into the intersections of remote work, artificial intelligence, augmented reality, autonomous delivery systems, and climate resilience, offering a compelling vision of future cities and living spaces. From the rise of 15-minute cities to the potential of AI-driven urban planning, Lindsay examines how these forces are transforming residential, commercial, and industrial real estate. Discover the challenges and opportunities facing the industry as it adapts to new realities of hybrid work, evolving retail landscapes, and the pressing need for climate-adaptive housing solutions.


Learning Objectives:

  • Identify key technological trends, including artificial intelligence (AI), augmented reality (AR), and autonomous systems, that are reshaping real estate and urban development.
  • Recognize the impact of remote and hybrid work models on office spaces and residential preferences.
  • Recognize the potential of new retail and logistics models, such as drone delivery and automated micro-fulfillment centers, on commercial real estate.
  • Distinguish emerging housing typologies and development concepts that address changing demographics and environmental concerns.
  • Identify potential opportunities for innovation in real estate products and services in response to technological and societal shifts.

1:40 PM – 2:55 PM PST

COR2402. Internal Controls in the Construction Environment

Christopher Vasquez

- Partner | Aprio, LLP

This course offers an exploration of internal controls specifically tailored to the construction industry. Participants will learn about the elements of internal controls, as well as internal control systems, to mitigate risks. The course will cover key areas such as estimating and bidding, project cost management, contract billings, and examples of fraud schemes. Attendees will gain practical insights into ensuring compliance and safeguarding assets to enhance financial reporting accuracy, all within the context of the construction environment.


Learning Objectives:

  • Identify the fundamentals of the overall control environment.
  • Analyze key controls in the construction environment.

1:40 PM – 2:55 PM PST

COR2403. Multi-State Tax Considerations and Strategies

Dee Estep

- Tax Principal | CLA

This course will be an overview of state income tax basics to apply to construction contractors, real estate developers and professional service entities. Concepts that will be covered will include:

  • State Nexus Activities, standards, and rules
  • State Apportionment, Factors, and methods
  • Federal vs. State Differences, Conformity
  • Passthrough entity filing requirements – Composite, Withholding, PET


Learning Objectives:

  • Identify and describe state and local tax nexus standards, activities and requirements
  • Determine the various apportionment factors and methods used by states
  • Analyze VDA’s, federal and state tax differences, conformity, pass though entity filing requirements

1:40 PM – 2:55 PM PST

COR2404. Opportunities and Challenges for Emerging Fund Managers in Real Estate

Brandon Sedloff

- Chief Real Estate Officer | Juniper Square

Jeffrey Toporek

- Co-Founder/Principal | FD Stonewater

Kenny Moon

- Co-Founder & Partner | Sagebrook Capital Partners

Join us for an insightful panel discussion exploring the dynamic world of emerging fund managers in real estate. As the industry evolves, new managers are carving out niches and leveraging innovative investment strategies to drive growth and raise capital in the current competitive market. The panelists will delve into the opportunities and challenges faced by emerging fund managers in the real estate industry. Topics will include access to capital, establishing a record, navigating regulatory landscapes, and the role of technology and data in shaping investment strategies. The discussion will provide valuable perspectives on key factors and solutions to succeed as an emerging fund manager in today’s real estate environment.


Learning Objectives:

  • Identify challenges in the current fundraising environment for emerging managers and what qualifies as emerging.
  • Determine how to differentiate your company and strategy for capital raising.
  • Identify where new capital is coming from and how to navigate finding it.
  • Analyze the leveraging of technology infrastructure to stay lean and nimble.

1:40 PM – 2:55 PM PST

COR2405. Investment Companies 101

Lou DeFalco

- Partner | PwC

The session will provide an overview of U.S. real estate investment fund accounting practices, including details around qualifying as an investment company, different reporting models that exist, and fair value disclosures which are common for these entities. The session will also introduce incentive fees and allocations.


Learning Objectives:

  • Identify the basics of qualifying as an investment company, as well as common U.S. real estate investment fund accounting practices.
  • Recognize common features and auditing considerations for incentive fees and allocations.

1:40 PM – 2:55 PM PST

COR2406. Estate Planning

John Nuckolls

- Managing Director; Private Client Services National Senior Technical Director | BDO

This session will cover the current state of the lifetime exemption and how to transfer assets effectively and strategically to future generations in light of the pending sunset of the current estate and gift tax exemptions.


Learning Objectives:

  • Identify the fundamentals of the gift and estate tax.
  • Recognize the calculation behind planning to use the exemption prior to the end of 2025 and how the exemption amount will be reduced in 2026.
  • Identify what the tax cost will be if there is no estate planning for medium to large estates.
  • Identify planning ideas for small, medium, and large estates.
  • Determine the consequences of gifts when debt exceeds basis.

2:55 PM – 3:25 PM PST

Networking Break with Exhibitors

2:55 PM – 3:25 PM PST

Wellness Break: Live Desk Stretches

Join us for an afternoon reset with gentle stretches you can do right at your desk to release tension and reset your posture. Melt away any remaining stress with a quick, guided relaxation set to calming music. Leave feeling calm and focused! Beginners welcome. Wear comfortable clothes. No props needed. Live on Zoom. Video optional.

Please complete the online waiver if you plan to attend the Desk Stretch session. 

3:25 PM – 4:40 PM PST

COR2407. ESOPs Are a Great Alternative Buyer: Come and Learn the Basics of ESOPs and Their Feasibility to Your Company

James Joyner III

- Owner / Managing Member | Integra Benefits Consulting LLC

Wilson Denari

- Manager, VFLS | CBIZ

Barry Fischman

- Partner | CBIZ

Baby boomers are increasingly searching for a tax-efficient way to exit or monetize their equity in construction companies at an attractive transaction amount. This presentation shows how an Employee Stock Ownership Plan (ESOP) can provide liquidity to selling shareholders in a tax-advantaged environment, all while providing an attractive retention tool for employees and creating a lasting legacy for selling shareholders. In addition, we will discuss the need for a comprehensive examination of the company’s financial and organizational readiness, as well as an assessment of the potential impact on all stakeholders involved, prior to making the decision to sell a stake of your company to an ESOP. Finally, we will lay out the “roadmap” to progress from the feasibility stage to closing an ESOP transaction.


Learning Objectives:

  • Recall the process of exiting your firm and what options are available to monetize shareholder interests.
  • Identify the pros and cons of an Employee Stock Ownership Plan (ESOP).
  • Recognize the ESOP benefits available to selling shareholder(s), employees, and the company.
  • Distinguish how a feasibility study will show the selling shareholders the expected payout from a sale, the timing of the payout, and the taxes involved.
  • Recognize how the feasibility study will identify the financial viability of the company to buy out the shares of exiting shareholder(s).

3:25 PM – 4:40 PM PST

COR2408. Audit Procedure Automation

James Liechty

- Director | Forvis Mazars

Kirk Neibuhr

- Director | Forvis Mazars

With advances in technology in all aspects of our lives, assurance professionals are not immune from change in how they deliver services to their clients. This session will explore the audit process and how automation tools can be used to increase efficiency and accuracy of audit procedures. While some of these tools are industry agnostic, others can be tailored for the construction industry. Join us as we discuss automation of the audit process from the perspective of those who are on the front lines with clients each day.


Learning Objectives:

  • Identify common delivery tools and methods of assurance services for construction companies.
  • Analyze current automation tools available to assurance professionals.
  • Compare tools to assist in various workflows of the audit process.

3:25 PM – 4:40 PM PST

COR2409. IRA Energy Credit - Opportunities and Challenges for Contractors

Laura Cataldo

- Director | Baker Tilly

The Inflation Reduction Act (IRA) created game-changing opportunities for many projects to capitalize on the largest energy investment in U.S. history through tax credits. Complying with prevailing wage and apprenticeship (PW&A) under IRA can significantly enhance credit value by five times and, therefore, many project owners are asking contractors to comply. It took nearly two years for the PW&A requirement final rule, leaving many contractors in a state of flux as project owners are pushing penalties and/or loss of credit to contractors. Yet, this is also a perfect opportunity to take advantage of the $270 billion of tax credits and incentives in the longest-running U.S. energy policy. Unfortunately, being “in accordance with” the Davis-Bacon Act, while not a covered act, has created significant confusion for both credit seekers and contractors. This is tax credit compliance for the IRS and there are record-keeping requirements for an extended period. Baker Tilly will review fundamentals of the IRA base and adder credits, including domestic content, energy community, and prevailing wage. This session will review the final PW&A rule, explain recordkeeping, and provide recommendations on how contractors can help their projects comply.


Learning Objectives:

  • Analyze the significance of the IRA’s creation of opportunities for energy projects through tax credits.
  • Determine the compliance requirements of the IRA prevailing wage and apprenticeship (PW&A) requirement final rule.
  • Identify the IRS’s record-keeping requirements related to tax credit compliance and maintaining records to defend under IRS audit.

3:25 PM – 4:40 PM PST

COR2410. Waterfalls 101

Michael Tesoro

- Senior Director, Fund Administration | Juniper Square

Session will provide an overview of waterfalls in a closed end fund structure. It will include an outline of the basic components, framework and structure of various types of waterfalls. It will include detailed examples and sample calculations of waterfalls. It will also evaluate different types of waterfall structures and discuss recent legislation and regulatory pronouncements and their impact on waterfalls and performance returns.


Learning Objectives:

  • Identify waterfalls and performance returns
  • Recognize waterfalls in a closed end fund structure, basic components, framework and structure of various types of waterfalls, calculations and the impact of legislation and regulatory pronouncements and their impact on waterfalls and performance returns.
  • Estimate and compare calculations of performance returns

3:25 PM – 4:40 PM PST

COR2411. Real Estate Tax Incentives

Devin Hall

- Managing Partner, Energy | Crowe LLP

Discuss Federal tax credits, incentives and deductions available to those in the construction and real estate industry.


Learning Objectives:

  • Calculate a working knowledge of the Federal tax incentives included in the Inflation Reduction Act.
  • Identify other Federal tax incentives available to contractors and real estate developers.

4:50 PM – 5:40 PM PST

COR2412. Cash Management for Contractors

James Miller

- M&A | Vital Records Control

This session will help participants identify areas within financial statements for construction contractors that present risks from a cash flow and cash management perspective. This session will also discuss best practices for effective cash management.


Learning Objectives:

  • Determine how readers of the financial statements use financial statement metrics to identify whether a contractor has positive and negative cash management.
  • Distinguish simple internal controls and processes that will help improve a contractor’s cash management.

4:50 PM – 5:40 PM PST

COR2413. Construction A&A Update

Erin Roberts

- Partner, Global Engineering Construction Leader | EY

Michael Westervelt

- Principal - National Assurance, Construction | CLA

This update will cover accounting and auditing standards relevant to the construction industry effective for 2024 year-ends.


Learning Objectives:

  • Apply the most impactful accounting and auditing standards relevant to the construction industry for 2024 year-ends.
  • Analyze the impacts of the SAS 143-145 on audit procedures in the construction industry and implement appropriate changes to audit procedures.

4:50 PM – 5:40 PM PST

COR2414. Tax Methods & Elections

Courtney Vitale

- Tax Managing Director | CBIZ Advisors, LLC

What tax methods and elections are available, and which might add value to your clients?


Learning Objectives:

  • Identify tax methods, including an overview of when and how to elect or change.
  • Determine the pros and cons of different tax methods to identify for your clients.

4:50 PM – 5:40 PM PST

COR2415. Valuation Process

Brett Johnson

- Principal | EY

Joanna Acosta

- Partner | EY

It has been a challenging year for valuations—both for professional appraisers and internal fund valuation preparers. This session will cover the current state of the capital markets, valuation challenges in a slow-deal environment, and what distressed sales can tell us (or not) about today’s markets.


Learning Objectives:

  • Analyze how current macroeconomic trends are impacting the real estate industry.
  • Identify the three main approaches to value and their pros and cons.
  • Distinguish real estate valuation best practices and hot topics affecting property owners.

4:50 PM – 5:40 PM PST

COR2416. Opportunity Zone - Timing and Computation of Gain Recognition and Deferral

Greg Berger

- shareholder | Brownstein Hyatt Farber Schreck

The session will focus on certain aspects of basis step up and gain recognition arising from the 10% and 5% exclusions on gain deferred from the original investment in a Qualified Opportunity Fund, the end of the deferral period on December 31,2026 and from certain inclusion events. Additionally we will discuss the elective basis step up elections for investments held at least 10 years. The program will include an analysis of the consequence of failed or delayed projects and the impact of voluntary decertification. Finally, we will discuss the prospect for legislation extending the OZ program as part of a reconciliation bill in the next Congress.


Learning Objectives:

  • Determine rules for inclusion of deferred capital gains and gain computations in 2026.
  • Distinguish gain computation and elections for investments held for at least 10 years.

5:40 PM – 6:45 PM PST

Welcome Reception

Tuesday, December 10, 2024

7:00 AM – 5:30 PM PST

Registration Open

    

7:45 AM – 9:15 AM PST

Continental Breakfast

8:00 AM – 8:50 AM PST

COR24SS01. Overview of the Energy Tax Incentives & Tangible Property Regulations, presented by Source Advisors

Imran Syed

- Managing Director, Energy Services | Source Advisors

Candace Orr

- Sr. Director, Fixed Asset Consulting | Source Advisors

Overview of the energy efficiency tax incentives under the Inflation Reduction Act and the final Tangible Property Regulations.


Learning Objectives:

  • Identify updates to the Investment Tax Credit/Production Tax Credit (ITC/PTC), Section 179D Deduction, and Section 45L Tax Credit.
  • Recognize the basics of tangible property regulations (TPR).
  • Identify projects monetizing the tax credits using elective pay or transferability.

9:00 AM – 10:15 AM PST

COR2417. Construction Legislative Update

Matthew Turkstra

- Sr. Director, Building & Infrastructure Finance | AGC of America

This session will provide an inside look at Congress, the White House, and the regulatory agencies, and will analyze how decisions made in Washington, D.C. impact the rest of the country. This session will look at the construction policy agenda in Congress and the incoming Trump Administration, and discuss how the latest proposals, regulations, and laws on taxes, infrastructure, labor, environmental regulation, and more will impact the industry in 2024 and beyond.


Learning Objectives:

  • Identify what the spending decisions, tax debate, and infrastructure proposals mean to companies competing to be profitable in the construction industry
  • Recognize the construction policy agenda in Congress and the incoming Trump Administration and how actions in Washington will impact the industry in 2024 and beyond.
  • Identify the impact of fiscal and regulatory policies on construction employers

9:00 AM – 10:15 AM PST

COR2418. Real Estate CFO Panel

Erin Little

- (CFO - Multi-Family Developer | BLDG II Management Co LLC

Robert Sistek

- Principal | Silver47 Capital

Merritt Poole

- Chief Financial Officer | Core Spaces

Jake Thorkildsen

- Chief Financial & Operating Officer | Continental Realty Assets, Ltd.

This session will feature an engaging panel discussion featuring CFOs from the real estate sector as they share their expertise in key areas such as strategic financial planning, reporting, technology, staffing, and leveraging financial data to drive business growth.


Learning Objectives:

  • Determine the strategic role of CFOs in the real estate sector.
  • Analyze key financial management practices in the real estate industry.

10:15 AM – 10:45 AM PST

Networking Break

10:45 AM – 12:25 PM PST

COR2419. Valuation: Theoretical & Practical Implications in the M&A Environment

James Joyner III

- Owner / Managing Member | Integra Benefits Consulting LLC

Tim Sznewajs

- Managing Director, Head of Diversified Industrials | D.A. Davidson

This session will provide an in-depth explanation of valuation theory from a certified valuation expert, as well as provide an “on the ground” perspective from an investment banker on valuation considerations for the M&A environment.


Learning Objectives:

  • Identify the different standards of value used in the valuation profession and their applications.
  • Determine the various macro- and micro-economic inputs utilized to form an opinion of value.
  • Compare the differing valuation methods used by professionals to reach conclusions regarding value.
  • Distinguish perspectives on how specific methods of valuation are used within the M&A environment by buyers and sellers.
  • Identify valuation parameters within the current M&A environment impacting engineering and construction.

10:45 AM – 12:25 PM PST

COR2420. Accounting for Work in Process

Kelly Priestley

- Managing Director | CBIZ

Robert Mercado

- Partner | CBIZ

This session will provide an understanding of the individual components of the work-in-process (WIP) schedule and how these components are commonly accounted for within the industry.


Learning Objectives:

  • Identify what a work-in-process (WIP) schedule is and why it is used.
  • Determine the individual components of WIP schedules.
  • Analyze contract estimates.

10:45 AM – 12:25 PM PST

COR2421. Construction Tax Planning + Update + Panel

Courtney Vitale

- Tax Managing Director | CBIZ Advisors, LLC

James Lundy

- Partner | CBIZ

Laura Cataldo

- Director | Baker Tilly

This session will provide updates and strategies for year-end planning, an overview of changes for tax year 2024, and trending topics relevant to construction tax. This session is an opportunity to interact with leaders in the construction tax arena. Attendees will review current trends and developments impacting the construction tax industry; gain insights from a detailed discussion on tax topics presented in earlier sessions; and have the opportunity to participate in a Q&A on topics important to their company and/or practice.


Learning Objectives:

  • Identify strategies for year-end planning for tax year 2024.
  • Analyze tax topics presented in earlier sessions to provide additional insights in a more detailed, in-depth format.

10:45 AM – 12:25 PM PST

COR2422. Artificial Intelligence & Machine Learning in Real Estate

Marius Andreasen

- Partner | PwC

This session will offer a background on artificial intelligence (AI) and machine learning (ML) in real estate, highlighting key issues specific to the real estate industry. This session will give an overview of data and modeling and structuring AI and ML projects; system design and complexity; data strategy; AI strategy; and vetting AI projects for real estate.


Learning Objectives:

  • Identify how artificial intelligence (AI) and machine learning (ML), as well as data and models, work in real estate.
  • Determine how to identify and structure effective AI and ML projects.
  • Identify key elements of effective data strategy for AI and ML projects.
  • Identify attributes of AI and ML projects for effective feasibility vetting.

10:45 AM – 12:25 PM PST

COR2423. Tax Deferral Strategies

Robert Schachat

- Managing Director | BDO USA

Participants in this session will review various alternative strategies to defer gain, including installments sales, prepaid leases, like-kind exchanges, contributions to a REIT OP, disguised sale exceptions, basis strips, Bramblett capital gain planning, and triggering multiple loss carryovers.


Learning Objectives:

  • Identify alternative transaction structures to defer taxable gain in real property dispositions.
  • Distinguish the circumstances in which each of the various planning opportunities may or may not be appropriate.

12:25 PM – 1:25 PM PST

Luncheon

1:25 PM – 2:40 PM PST

COR2424. Protecting Your Bottom Line: Captive Insurance Strategies for Construction and Real Estate Professionals

Wesley Sierk

- Managing Director | Risk Management Advisors, Inc.

In this session, we’ll explore how captive insurance can be a game-changer for businesses in the construction and real estate sectors. This session begins with a discussion of the challenges these industries face, including rising insurance premiums, limited coverage options, and the risks associated with traditional insurance models.  Next, participants will learn how captive insurance can provide a tailored, cost-effective solution by offering greater control over risk management, stabilizing insurance costs, and enhancing cash flow. Additionally, specific strategies for implementing captive insurance, including the types of risks that can be covered, the tax advantages, and real-world examples of successful captive insurance programs in construction and real estate will be discussed. Finally, the session will address common concerns and provide actionable steps for construction and real estate professionals looking to protect their bottom line through captive insurance.


Learning Objectives:

  • Analyze the current challenges with the insurance market.
  • Distinguish how a captive insurance company can provide a cost-effective solution by offering greater control over risk management.

1:25 PM – 2:40 PM PST

COR2425. Construction A&A Panel

Chavon Wilcox

- Construction Leader | Partner | Aprio LLP

Matt Wilson

- Partner | Wilson Ivanova Certified Public Accountants

Robert Mercado

- Partner | CBIZ

This session features a panel of construction industry experts who will discuss and answer questions on accounting and auditing topics.


Learning Objectives:

  • Analyze emerging topics in the construction industry.
  • Identify updates and the impact of current accounting and auditing pronouncements.

1:25 PM – 2:40 PM PST

COR2426. PropTech: The Emerging Technology-Enabled Solutions for Commercial Real Estate Operations

Srikanth Ramachandran

- President & CEO | NTrust Infotech

CRE companies of all sizes are counting on leveraging technology to improve efficiency and visibility in their operations. In this session, we will learn about the various tools available and how to implement them cost-effectively. We will also discuss how to train and manage your teams to operate in a technology-enabled environment.


Learning Objectives:

  • Identify new solutions for various back office operations.
  • Recall how to manage the implementation challenges.
  • Estimate how to optimize resources while embracing new technologies.

1:25 PM – 2:40 PM PST

COR2427. Real Estate A&A Panel

Stephen Dwyer

- Partner, Audit - Real Estate | KPMG LLP

Jordan Adelson

- Partner | PwC

Brian Ruben

- Partner, Audit & Assurance; U.S. Real Estate Clients & Growth Leader | Deloitte

In this session, accounting experts will discuss the impacts of recent accounting pronouncements and auditing considerations. This is also an opportunity for participants to ask the group questions.


Learning Objectives:

  • Analyze the impacts of recent accounting pronouncements.
  • Apply the impacts of recent auditing considerations.

1:25 PM – 2:40 PM PST

COR2428. Expiring TCJA Provisions and Potential Planning Considerations

Jay Blaivas

- Principal | Crowe LLP

Eric Matuszak

- Principal | EY

This session will focus on the expiring Tax Cuts and Jobs Act (TCJA) provisions that are particularly relevant to real estate owners, operators, and investors, including the deduction for real estate businesses and real estate investment trust (REIT) dividends under Section 199A; the limitation for business interests deductions under Section 163(j); the availability of bonus depreciation for certain business expenditures under Section 168(k); the limitation on the deductibility of excess business losses under Section 461(l); and the deferral/elimination of capital gains with respect to investments in qualified opportunity funds under Section 1400Z-2, as well as the expiration of some ancillary provisions, including the cap on deductibility of state and local taxes; the elimination of itemized deductions; and the reduced marginal income tax rates on individuals. Additionally, we will discuss the tax impacts of the expiration of these provisions and some potential planning considerations that may be utilized to help mitigate or minimize some of the resulting negative impacts.


Learning Objectives:

  • Identify the real estate-related provisions of the Tax Cuts and Jobs Act (TCJA) set to expire within the next few years, and the potential impacts of the expiration of these provisions to real estate owners, operators, and investors.
  • Determine potential planning opportunities to help mitigate or minimize certain impacts of the expiration of these provisions.

2:50 PM – 4:05 PM PST

COR2429. Succession Planning for the Construction Industry

Anthony Ivener

- President | Ivener Management Group

This session will provide attendees with a comprehensive overview on various issues, initiatives, and solutions that encompass management succession and ownership transfer. The session will explore a comprehensive approach that will teach the attendees ways to plan properly, identify techniques, and suggest approaches to accomplish goals and objectives pertaining to ownership transfer and management succession matters in a construction environment. Session topics include obstacles to continuity planning, how to define goals and objectives, how to develop a plan and make it work, valuation techniques for contractors, techniques and issues that relate to ownership transfers and management succession, liquidity strategies, and continuity planning for the unforeseen.


Learning Objectives:

  • Identify issues, initiatives, and solutions that encompass management succession and ownership transfer.
  • Determine approaches to accomplish goals and objectives pertaining to construction ownership transfer matters.

2:50 PM – 4:05 PM PST

COR2430. Look-Back: Beyond Theory & Basics

Courtney Vitale

- Tax Managing Director | CBIZ Advisors, LLC

This session is focused on how to calculate look-back, both the adjustment and the interest.  A basic understanding of look-back is required.


Learning Objectives:

  • Apply look-back rules to a job schedule, determining which jobs to include and why.
  • Calculate a look-back adjustment and the look-back interest on a 1040.

2:50 PM – 4:05 PM PST

COR2431. Distressed Real Estate Opportunities

Marc Perusse

- Founder & CEO | E2M Ventures, LLC

Kamil Homsi

- President | Global Realty Capital LLC

Christopher Sadick

- Partner & Managing Director - Real Estate | Willow Hill Partners, LLC

Discover the insider strategies that successful investors use to uncover and secure distressed real estate assets in this panel discussion. Our expert panelists will reveal how to build powerful relationships with banks, lenders, and property owners to identify hidden opportunities. You’ll learn the essential factors for evaluating distressed deals, from in-depth financial analysis to navigating market conditions and legal hurdles. Walk away with actionable insights on how to structure and close distressed real estate transactions, negotiate with key stakeholders, and effectively manage risk. We’ll also explore critical tax planning tactics and innovative partnership restructuring options for ventures facing financial strain. Participants will learn how to spot and assess lucrative distressed real estate opportunities; and proven techniques to structure and execute successful transactions. This session will give you the tools to turn challenges into profitable opportunities in the world of distressed real estate.


Learning Objectives:

  • Determine lucrative distressed real estate opportunities.
  • Analyze proven techniques to structure and execute successful transactions.
  • Identify the different types of distress, including property, sponsor, and capital structure.

2:50 PM – 4:05 PM PST

COR2432. Tax Impact of Waterfalls

Kevin Zeman

- Principal - Tax | Gen II Fund Services, LLC

Examination of advanced topics impacting waterfall calculations with an emphasis on tax.


Learning Objectives:

  • Analyze surrounding waterfall types and capital account maintenance for tax purposes
  • Determine considerations regarding allocation of partner specific items such as liabilities and built-in-gain
  • Analyze complex topics such as clawbacks, cashless contributions, and waivers
  • Identify recent legislative matters that would affect the above.

2:50 PM – 4:05 PM PST

COR2433. SALT

Jack Small

- Partner, Tax | FORVIS

Amy McLocklin

- Senior Manager | EY

State and local tax technical and legislative update – considerations for acquisition, operation and exit.


Learning Objectives:

  • Analyze state and local basic concepts and considerations for full life cycle
  • Identify legislative trends and recent law changes

4:05 PM – 4:35 PM PST

Networking Break

4:05 PM – 4:35 PM PST

Wellness Break: Live Meditation

Melt away stress with our virtual relaxation session! Enjoy a guided visualization set to calming music that will ease away any tension in your body and leave your mind feeling focused & refreshed. Feel free to have an eye pillow, blanket or bolster for under your knees, but props are not required. Beginners welcome. Videos will be off during the session.

4:35 PM – 5:25 PM PST

COR2434. Construction Game Show

Timothy Love

- SVP, CAO | MasTec, Inc.

Matt Wilson

- Partner | Wilson Ivanova Certified Public Accountants

Anthony Ivener

- President | Ivener Management Group

Barry Fischman

- Partner | CBIZ

During this interactive and energetic session, construction financial leaders and guest presenters will ask participants challenging construction finance and accounting-related trivia questions derived from the multitude of concepts discussed throughout the 2024 Construction & Real Estate Industry Conference.


Learning Objectives:

  • Recall topics introduced during the conference.
  • Identify good practices to address the myriad of challenges facing the construction industry today.

4:35 PM – 5:25 PM PST

COR2435. Emerging Trends in Real Estate

William Staffieri

- Partner | PwC

Emerging Trends in Real Estate® is a trends and forecast publication now in its 46th edition, and is one of the most highly regarded and widely read forecast reports in the real estate industry. Emerging Trends in Real Estate® 2025, undertaken jointly by PwC and the Urban Land Institute, provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the United States and Canada.


Learning Objectives:

  • Identify insights and outlooks into real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the U.S. and Canada.
  • Distinguish industry sentiment and views from interviewees and survey participants, which represent a wide range of industry experts, including investors, fund managers, developers, property companies, lenders, brokers, advisers, and consultants.

Wednesday, December 11, 2024

7:00 AM – 12:30 PM PST

Registration Open

7:45 AM – 9:15 AM PST

Continental Breakfast

8:00 AM – 8:50 AM PST

COR24SS02. Uncertain Times: Provisions to Watch as TCJA Sunsets, presented by Capstan

Bruce Johnson

- Partner | Capstan Tax Strategies

The Tax Cuts and Jobs Act (TCJA) of 2017 marked the first comprehensive tax reform in three decades. It had an impact on every American taxpayer and industry and included several real estate friendly provisions. However, many tax-cutting measures are slated to expire at the end of 2025, and political uncertainty makes it difficult to predict if and how these will be addressed. In this session, we’ll highlight five key TCJA provisions scheduled to sunset or change, and discuss the legislation and the implications. We’ll also review features of the TCJA that are—unless something changes—seemingly here to stay.


Learning Objectives:

  • Recognize the impact of the expiration of the Qualified Business Deduction under Sec. 199A, particularly on small businesses.
  • Recognize that depreciable bonus rates will continue to decline without government intervention, but that there are mitigating strategies.
  • Identify Sec. 174 costs impacted by mandatory amortization.
  • Recognize the implication of using earnings before interest and taxes (EBIT)—instead of earnings before interest, taxes, depreciation, and amortization (EBITDA)—when calculating adjustable taxable income under Sec. 163 (j).
  • Recall the relevant features of the Tax Cuts and Jobs Act (TCJA), including the corporate tax rate, which were seemingly made permanent, and the possible scenarios that taxpayers might need to consider moving forward.

9:00 AM – 10:15 AM PST

COR2436. Blueprint for Retention: Innovative Compensation Strategies

Anthony Ivener

- President | Ivener Management Group

John Werlhof

- Principal, National Tax Office | CliftonLarsonAllen LLP

In the competitive construction industry, retaining top talent is crucial for sustained success. This session will equip construction company leaders and advisors with the knowledge and tools to develop compensation strategies that enhance the retention of key employees. Participants will explore the advantages and disadvantages of compensation alternatives, including restricted stock, stock options, profits interests in a partnership, and non-qualified deferred compensation, from both business and tax perspectives. Additionally, the session will cover how these compensation strategies can be integrated into broader ownership succession planning.


Learning Objectives:

  • Identify tax-efficient compensation strategies for retaining top talent.
  • Analyze alternative compensation strategies.
  • Apply equity-based compensation concepts to ownership succession planning.

9:00 AM – 10:15 AM PST

COR2437. Asset Allocation

Robert Sistek

- Principal | Silver47 Capital

Brian Gaffney

- Partner and Head of Due Diligence and Mandate Management | Stonehaven

Kamil Homsi

- President | Global Realty Capital LLC

Thor Eriksen

- Principal | ORG Portfolio Management LLC

Be part of an engaging panel discussion where top real estate experts unlock the strategies and insights needed to successfully navigate today’s ever evolving and complex real estate market. Panelists will discuss supply and demand dynamics, offering a fresh perspective on investment outlooks, capital raising strategies, and how best to allocate assets in this fast-changing environment. Our experts will candidly explore the pressing challenges that operators and managers face, while also shining a light on capital sources, the latest fundraising trends, and emerging preferences across asset classes and geographic locations. Participants will gain a clear understanding of the market forces shaping real estate investments today and the ability to assess diverse asset classes for potential opportunities and risks.


Learning Objectives:

  • Identify the market forces shaping real estate investments today.
  • Analyze diverse asset classes for potential opportunities and risks.

10:15 AM – 10:45 AM PST

Networking Break

10:45 AM – 11:35 AM PST

COR2438. Cybersecurity Threats and Prevention

David Andersen

- Principal | CLA

During this presentation, CLA will provide an overview of cybersecurity trends impacting contractors. These will include ransomware attacks and email compromise that allows threat actors to impact operations and steal money. Details on mitigation strategies will be provided to help organizations recognize leading practices to reduce the likelihood and impact of these risks.


Learning Objectives:

  • Identify common cyber attack methods
  • Differentiate between ransomware attacks and business email compromise attacks
  • Use leading practices to mitigate cybersecurity risks

10:45 AM – 11:35 AM PST

COR2439. Post-Election Legislative Outlook: Real Estate Taxation

Ryan McCormick

- Senior Vice President & Counsel | The Real Estate Roundtable

This session will identify, review, and consider key real estate tax issues likely to arise in the new Congress and administration. What are the major tax policy challenges and opportunities for U.S. real estate and the real estate industry? How will the recent election influence tax legislation going forward? More specifically, what changes in tax policy could occur over the next two years, and how will those reforms affect U.S. real estate? Topics we will discuss include capital gains and gains-related proposals, such as increasing the capital gains rate, taxing unrealized gains, ending the deferral of gain through like-kind exchanges, ending step-up in basis and taxing gains at death, changing the capital gains treatment of carried interest, and reforming the treatment of foreign investors’ real estate gains. Other topics include potential reforms of partnership and pass-through tax rules, the future of sections 199A, the net investment income tax, and bonus depreciation. The session will also consider the outlook for important housing, such as low-income housing tax credit (LIHTC), community development (Opportunity Zones), and clean energy incentives, in addition to new and novel proposals such as a federal tax credit for commercial-to-residential property conversions.


Learning Objectives:

  • Identify key real estate tax issues under consideration in the new Congress.
  • Analyze potential consequences for real estate and the broader economy of pending tax policy proposals.
  • Determine real estate industry tax policy priorities in the context of the current political landscape.

11:45 AM – 1:00 PM PST

COR2440. Construction CFO Panel

Timothy Love

- SVP, CAO | MasTec, Inc.

Joe Medlin

- Chief Financial Officer | Eskola Roofing and Waterproofing

Kari Juvera

- President | Enterprise

Carl Franseen

- Owner and CFO | Eskola LLC

Explore the dynamic financial strategies employed by construction CFOs of various sizes and industries during this panel as they address the current risks and opportunities shaping the industry. 


Learning Objectives:

  • Identify the strategies implemented by CFOs to navigate the landscape of risks and opportunities.
  • Determine the impact of disruptions in construction end markets.

11:45 AM – 1:00 PM PST

COR2441. Debt Restructuring

Dan Cherwin

- Partner | Crowe LLP

Jay Blaivas

- Principal | Crowe LLP

David Navarro

- Market Director – Southern Nevada | Umpqua Bank

Join our panel discussion regarding lending, financial reporting and tax implications of debt restructuring.


Learning Objectives:

  • Determine the factors banks consider when restructuring real estate debt
  • Calculate potential financial reporting considerations when restructuring real estate debt
  • Identify potential tax considerations when restructuring real estate debt