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Pre-conference workshop: Wednesday, October 31, 2007
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| Developing International Real Estate Investment Opportunities |
Steps & Issues in Setting Up an International Operation
- Trends in JVs, WFOEs and acquisitions.
Why do one or the other?
- Steps and issues: Selecting geographic location, specific site search, market research, establish legal entity
- IP protection, recruit staff, local suppliers, outfit space and begin operations.
Understanding the Local Legal and Regulatory Systems: Latest Developments
- Case studies: Recent decisions by the local governments – Europe, Asia
- Political risk – local and federal
- Sources of law, legislative and administrative
- Judicial method; the influence of local governments
- Coping with legal uncertainty
- Controlling bureaucratic discretion through administrative law
Cultural Issues in Doing Business Abroad
- Law and business practices- how the cultures differ
- Understanding the local mindset
- Learn the cultural differences and improve
chances of success
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| About your workshop leaders |
Stephen E. Roulac is the world’s leading authority on the economic productivity and strategic importance of the places in which we live and work. He is the CEO of Roulac Global Places, LLC, a strategy and financial economics firm, with offices in Hyderabad, India; San Francisco and Atlanta, USA; and Cluj Napoca, Romania; that has worked in 20+ countries.
Seth Freeman, CEO of EM Capital, advises attorneys, funds, investors, creditors, lenders, directors and manage-ment in identifying and resolving sensitive international business problems. He is a recognized expert in cross-border/cross-cultural business practices and negotiation, due diligence, insolvency, conflict and dispute resolution, litigation support, corporate governance and fraud detection and response.
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Day One: Thursday, November 1
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| THE GLOBAL REAL ESTATE INVESTMENT CLIMATE |
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| Opening remarks by Conference Chairman: Neil Bane, Director, The Carlton Group |
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| 09.00 | Keynote address: Significance of property to the global economy
- How property once was the dominant asset class and how its stature faded
- How land was once central to economics – why it faded and why there is a renaissance of land and economics issues
- How geography went from being important to being ignored and now is enjoying a renaissance.
- The role of property in driving economic growth
- The role of property investment in the global asset mix
- How economic prosperity drives exponential property goods and services growth
- How property goods and services growth creates a virtuous circle effect of economic stimulus to attract more growth
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| 09.30 | Keynote address: The globalization of real estate development
- Overview of research on high density development
- Results of the global development incentives study
- Case study: strategy for a Chinese developer
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| 10.00 | Morning refreshment break
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| REAL ESTATE INVESTMENT VEHICLES: WHAT’S NEW? WHAT WORKS? |
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| 10.45 | A closer look at private equity real estate funds
- Driving force behind Private Equity Real Estate Opportunity funds (PERE)
- Current strategies in creating value and lowering risk profile
- What specific advantages do they offer?
- Which regions of the world are having the best success?
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| | Robert Stern, Managing Director, Perry Capital/Perry Real Estate Partners Marc Weidner, Managing Director, Franklin Templeton Real Estate Advisors
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| 11.30 | Global real estatev investment forum pension fund perspective
- Pension Fund real estate investment global trend and diversifications
- What is the thinking behind real estate investment from pension fund, endowment and foundation?
- How does pension fund invest in global real estate market?
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| | Ruifen Xu, Global Real Estate, Dow Portfolio Investment
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| 12.00 | Luncheon for attendees
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| REITS – THE GLOBAL BUZZ |
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| 13.30 | Incorporating REITS into an investment strategy
- Constructing the ideal property portfolio: the role of segmentation in the development of REITS
- To REIT or not to REIT: How do institutional & retail investors view the REIT opportunity?
- The impact of REITS on property companies and the industry
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| | Marc Halle, Managing Director, Prudential Real Estate Investors
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| 14.00 | New REIT regimes
- Constructing the ideal real estate portfolio: the role of segmentation in the development of REITS
- Can REITS gain momentum in Asia? Shariah compliant REITS in Malaysia?
- The new REIT laws in Europe; focusing on the UK, Germany & Italy
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| | Bryan Shaffer, President, IRETO-The International Real Estate Trade Organization
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| 14.30 | Gaining access to the international markets by investing in global REITS
- Increasing risk-adjusted returns with global real estate
- Real diversification in mixed asset portfolios
- Long-term growth and performance of global REITS and listed real estate
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| 15.00 | Speed Networking Session
This is the revolutionary, exciting, quick and non-pressurized way to meet fellow conference delegates and industry peers in one forty-five minute session. These brief meetings are the starting point for conversation and networking throughout the conference. This is where long-lasting and profitable business relationships begin.
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| AN OVERVIEW OF ASSET CLASSES – BUILDING A PROFITABLE PORTFOLIO |
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| 15.45 | The main “food groups” of real estate
- Residential – outlook for multifamily, affordable housing, single family and senior housing
- Retail development: how is it evolving?
- Office - are they going green?
- Industrial – what are the trends?
- Project financing and development: What makes the cut?
- Site development and land acquisition
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| | Rene Nunez, Vice Chairman, Texas Permanent School Fund Dennis Yeskey, National Director, Real Estate Capital Markets, Deloitte Services LP
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| 16.15 | Risk diversification in a real estate portfolio: evidence from Italian market
- Examining risk profiles that are typical in a real estate investment
- The return of real estate investment as an asset class in a multi-asset portfolio
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| 16.45 | End of Day One
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Day Two: Friday, November 2
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| ASIAN REAL ESTATE TRANSACTIONS: INSIGHTS INTO AN EMERGING MARKET |
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| Opening remarks by Conference Chairman :Neil Bane, Director, The Carlton Group |
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| 09.00 | Case study: Real estate hedge funds
- What is a real estate hedge fund?
- What can a real estate hedge fund do for a portfolio?
- Benefits of going direct vs. a hedge fund of fund
- What does a hedge fund give you that long only & private funds don’t?
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| 09.30 | Case study: Setting up an Asian investment fund
- Understanding the legal & regulatory system, political risk
- Addressing cultural issues while doing business
- Market research, geographic location, site selection
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| | Richard Yue, Chief Executive Officer, ARCH Capital Management
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| 10.00 | Real estate in India – Riding the wave of the Indian growth story
- Examining the relationship between infrastructure development, real estate development and price appreciation
- City & sector analysis of the Indian market
- Luring foreign direct investments: What value do foreign investors add?
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| | Sumit Jha, Deputy Director, National Real Estate Development Council Ashwin Ramesh, Principal, Primary Real Estate Advisors Private Ltd
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| 10.30 | Morning refreshment break
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| 11.00 | Case study: The Hyderabad Miracle
- Opportunities in the Indian real estate market
- Hyderabad airport case study
- The real estate rush and its potential
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| 11.30 | China real estate emerging investment trends and opportunities
- Overview of China urban and real estate development
- The emerging trends
- List of specific investment opportunities
- Regulatory and market challenges
- Possible solutions
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| 12.00 | Chinese real estate and the international investor
- Real estate investment in China; get involved now!
- How can foreign players capitalize on the current unlimited opportunities in China’s real estate industry?
- How do you get capital market funding into real estate? What is the best route to go for in Greater China?
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| | Bill Tsai, Managing Partner, Longridge Capital
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| 12.30 | Middle Eastern investors taking centre stage in Asia
- Meeting the bottom line and managing expectations with creative and global investment strategies
- Keeping the ends in mind while justifying the means - Understanding critical key issues of structure, strategy, implementation and performance in real estate investment management
- Expert insights on optimal investor allocation between: Direct and indirect investments, different vertical sectors and the mass variety of geographical markets
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| THE HIDDEN TREASURES OF MENA: A REAL ESTATE BOOM |
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| 13.00 | Luncheon for speakers & attendees
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| 14.00 | Dissecting the regulatory frameworks and Shariah compliance requirements to enhance profits in real estate investments
- Understanding Shariah and how it affects the real estate sector and related investments
- Highlighting opportunities in complying to Shariah for international investors in the Middle East
- Conventional vs. Shariah compliant REITS – what are the differences?
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| INVESTMENT OPPORTUNITIES IN EUROPE |
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| 14.30 | Identifying hot sectors that will achieve superior future returns
- Examining the outlook across different European sectors: commercial, industrial, retail, residential, infrastructure
- Are target returns still realistic?
- Highlighting the European sectors standing out from the rest right now
- Outlook for supply-demand across Europe
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| 15.15 | Afternoon refreshment break
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| INVESTMENT OPPORTUNITIES IN AMERICAS |
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| 15.45 | Current market conditions for Latin American real estate investment: Examining the demands, growth trends and potential returns
- Overview of the emerging trends in Latin American real estate investment
- The political and investment capital climate
- Investment opportunities with the greatest potential for growth
- Which countries are the “best bets” and why?
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| | Richard Katzman, Managing Director, HVS Global Hospitality Services - Mexico
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| 16.00 | Conclusion of conference
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