Sessions For December 6

6:30am-5:05pm

06

Friday
7:00am-7:50am

COR19SS1. Cost Segregation in the Era of Tax Reform - Session Presented by Capstan

Instructor: Bruce Johnson, Carly Ferris
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.0

The Tax Cuts and Jobs Act (TCJA) has created a wealth of new opportunities for the thoughtful owner of commercial real estate. A thorough cost segregation study is the vehicle by which TCJA benefits may be obtained. The Tangible Property Regulations (TPRs) are still in play in this post tax-reform era, and in fact augment the utility of the TCJA. This session will demonstrate how a strategic interplay of strategies old and new may be utilized to maximize tax savings on commercial real estate in the era of tax reform.
Learning Objectives:

  • The Tax Cuts and Jobs Act (TCJA) has created a wealth of new opportunities for the thoughtful owner of commercial real estate. A thorough cost segregation study is the vehicle by which TCJA benefits may be obtained. The Tangible Property Regulations (TPRs) are still in play in this post tax-reform era, and in fact augment the utility of the TCJA. This session will demonstrate how a strategic interplay of strategies old and new may be utilized to maximize tax savings on commercial real estate in the era of tax reform.
  • Learn about:Cost Segregation – Vehicle for Savings Bonus and Qualified Property CategoriesSection 179Expensing and Dispositions (Tangible Property Regulations)Combining Strategies Old and New to Maximize Savings

06

Friday
7:00am-7:50am

COR19SS2. Solution Session To Be Announced

Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.0

8:00am-8:10am

06

Friday
8:10am-9:00am

COR1931. Real Estate and Construction Trends around Digital

Instructor: Steve Jones
Track: Combined
Knowledge Level: Overview
Field of Study: Specialized Knowledge
CPE Credits: 1.0

Technology is rapidly transforming how buildings are being designed, built and operated around the world. Dodge Data & Analytics if a global leader in studying the business impact of these key trends. Steve Jones from Dodge will share highlights of their findings and show examples of what leading practitioners are doing.
Learning Objectives:

  • Understand how these major changes are impacting your clients.
  • Improve your role as a trusted advisor to your clients by increasing your knowledge of these critical trends.

06

Friday
9:10am-10:00am

COR1932. Surety Panel

Instructor: Geoff Delisio, Tad Nelson, Michael Marino
Track: Construction
Knowledge Level: None
Field of Study: None
CPE Credits: 1.0

06

Friday
9:10am-10:00am

COR1933. Emerging Trends in Real Estate

Instructor: Mitch Roschelle
Track: Real Estate
Knowledge Level: Update
Field of Study: Economics
CPE Credits: 1.0

An in depth discussion on the trends that will impact and influence real estate investment, development, and management decisions in the year ahead and beyond. Mitch Roschelle a PwC Partner and widely recognized media commentator is the co-publisher of the PwC/ULI publication 'Emerging Trends in Real Estate' keynotes this session and provides thought-provoking timely insights.
Learning Objectives:

  • Learning Objective: Gain a retrospective outlook on the past several economic cycles and the lessons learned along the way.
  • To better prepare participants to assist clients and / or organization in navigating the dynamic landscape in the real estate and construction industries.

10:00am-10:25am

06

Friday
10:25am-11:40am

COR1934. How to Prepare your Construction Business for a Sale

Instructor: Tony Ivener, Dimitri Sayegh
Track: CFO - Construction
Knowledge Level: Intermediate
Field of Study: Management Services
CPE Credits: 1.5

This session will cover:

Learning Objectives:

  • Indications of a possible exit transaction
  • Positioning a privately held company for an exit transaction
  • Supporting an exit transaction
  • Continuing to serve following an exit transactionFor service providers - Benefits of transaction support services

06

Friday
10:25am-11:40am

COR1935. Advanced Accounting and Financial Statement Issues

Instructor: Jim Miller, Russ Rigler
Track: Accounting & Auditing - Construction
Knowledge Level: Advanced
Field of Study: Accounting
CPE Credits: 1.5

Through this session you will come to understand key topics that are impacting accounting and financial reporting for construction contractors.
Learning Objectives:

  • Identify some of the key issues and topics facing construction contractors from an accounting and financial statement perspective.
  • Learn how to apply best practice considerations in working with advanced accounting issues, and identify key financial statement issues impacting the construction industry and contractor financial statements.

06

Friday
10:25am-11:40am

COR1936. ESOPs and shareholder liquidity, employee engagement and executive compensation

Instructor: Mary Josephs
Track: Tax - Construction
Knowledge Level: Advanced
Field of Study: Specialized Knowledge
CPE Credits: 1.5

This session will dive deep into the tax and accounting attributes of an ESOP including examples and discussion on when the ESOP can be an attractive liquidity strategy for private businesses, partnerships, and divestiture.
Learning Objectives:

  • Learning objectives include: Understanding the personal, corporate, and retiree tax benefits of an ESOP
  • Understanding how an owner achieves fair market value, cash over time, and equity incentives in an ESOP
  • Understanding how an ESOP benefits management
  • Understand how an ESOP benefits employees

06

Friday
10:25am-11:40am

COR1937. CFO Panel

Instructor: Tana Zaffino, Kelly Blair, TBD
Track: Industry - Real Estate
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.5

This session will be a Q & A on:

Learning Objectives:

  • How to be an effective CFO in the Real Estate Industry
  • Responsibilities and necessary characteristics of a Real Estate industry CFO
  • We will also identify key areas of focus and risks

06

Friday
10:25am-11:40am

COR1938. Leesee Overview and Lessons Learned

Instructor: Michael Cheng
Track: Accounting & Auditing - Real Estate
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.5

06

Friday
10:25am-11:40am

COR1939. Section 199A - What is a Trade or Business

Instructor: Jim DeBree, Joyce Welch
Track: Tax - Real Estate
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Section 199A creates a new deduction for up to 20% for Qualifying Business Income (QBI) from qualifying trades or businesses. This session will explore what constitutes a trade or business including discussion about Specified Trade or Businesses (SSTBs) and the relevant factors that indicate separate trades or business.
Learning Objectives:

  • Learning Objectives:How to determine what a trade or business is for purposes of 199A
  • What are the relevant factors that assist in determination of what is a trade or business for 199A

11:40am-12:40pm

06

Friday
12:40pm-1:30pm

COR1941. Accounting and Auditing Panel

Instructor: Emilio Alvarez, Joe Natarelli, Julian Xavier, Erin Roberts
Track: Accounting & Auditing - Construction
Knowledge Level: Intermediate
Field of Study: Accounting, Auditing
CPE Credits: 1.0

A panel of experts will:
Learning Objectives:

  • Answer questions regarding the challenging accounting and auditing issues in construction
  • Demonstrate ways to apply solutions to your clients and businesses.

06

Friday
12:40pm-1:30pm

COR1942. Tax Effects of 606

Instructor: Jim Lundy
Track: Tax - Construction
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.0

06

Friday
12:40pm-1:30pm

COR1943. Libor Changes

Instructor: Chris Bailey
Track: Industry - Real Estate
Knowledge Level: Intermediate
Field of Study: Finance
CPE Credits: 1.0

The London Interbank Offered Rate (LIBOR) is the primary reference rate for adjustable-rate loans in the United States and is scheduled to sunset at the end of 2021 This session will explore the current proposed alternative reference rates, operational considerations for the real estate marketplace and organization risks, challenges and opportunities during the LIBOR transition.
Learning Objectives:

  • Learning Objectives:Understand the impact of the LIBOR transition to the commercial real estate capital markets.
  • Understand and measure organizational impact of the LIBOR transition.

06

Friday
12:40pm-1:30pm

COR1944. Revenue Recognition

Instructor: Sam Battle, Adam Cavin
Track: Accounting & Auditing - Real Estate
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

This session will help you:

Learning Objectives:

  • Understanding Topic 606 Revenue from Contracts with Customer and Subtopic 610-20, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets, as they apply to real estate transactions.
  • Understand revenue from contracts with customer and Subtopic 610-20,
  • Understand other income – Gains and Losses from the Derecognition of Nonfinancial Assets, as they apply to real estate transactions.

06

Friday
12:40pm-1:30pm

COR1945. Real Property Trade or Business Election under 163(j)

Instructor: Tony Nitti
Track: Tax - Real Estate
Knowledge Level: Update
Field of Study: Taxes
CPE Credits: 1.0

A qualifying real property trade or business may elect out of the interest expense limitations of Section 163(j). This class will examine the opportunities, pitfalls, and unanswered questions surrounding the election.
Learning Objectives:

  • Identify those businesses that are real property trades or businesses.
  • Recognize the cost of making the election.
  • Understand the uncertainty surrounding tax shelters and the impact on the election.

06

Friday
1:40pm-2:55pm

COR1946. Construction Project Claims/Builder's Risk Claims Processes

Instructor: Joe Caldarera
Track: CFO - Construction
Knowledge Level: Intermediate
Field of Study: Business Management & Organization
CPE Credits: 1.5

Identification of Project Claims typically seen on a Construction Project with a description of the process for Notice and Substantiation of all claims, including an introduction to Builder's Risk Claims. This seminar will also show how to use the Contract Documents to establish a baseline for the Contractor's Daily Rate. A brief overview of the parties to a construction contract and the interplay of the parties, including the CPA's role as a pro-active asset to the Contractor.
Learning Objectives:

  • Learning objectives will include: A brief overview of the parties of a construction contract and the duties of the parties.
  • A second objective will be the notification and documentation process to enable a higher percentage of recovery on delay claims, unforeseen conditions claims, and builder's risks claims on a construction project. Closely tied to the documentation process that will enable discovery will be the presentation of a methodology for establishing the contractor's daily rate from the Contract Documents.

06

Friday
1:40pm-2:55pm

COR1947. Lease Accounting Implementation (Repeat)

Instructor: Jack Callahan, Rebeccca McDonald
Track: Accounting & Auditing - Construction
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.5

06

Friday
1:40pm-2:55pm

COR1948. Tax Update (Repeat of Session 6)

Instructor: John Armour, Kelli Franco
Track: Tax - Construction
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

In this session, you will learn the latest updates on the current tax environment affecting contractors.
Learning Objectives:

  • To learn about the latest tax consequences affecting contractors after the Tax Cuts and Jobs Act.
  • To learn about what planning opportunities exist with the current rules and future sunset dates.

06

Friday
1:40pm-2:55pm

COR1949. Blockchain (Repeat)

Instructor: Bassem Hamdy
Track: Combined
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.5

06

Friday
1:40pm-2:55pm

COR1950. Impact Investing in Commercial Real Estate

Track: Industry - Real Estate
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.5

06

Friday
1:40pm-2:55pm

COR1951. Accounting Update: ASC 842 (Repeat of Session 12)

Instructor: Joe DiLeo
Track: Accounting & Auditing - Real Estate
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

In this session, speaker, Joe DiLeo, will dicuss the Implementation of ASC 842 (new leases standard) including hot topics and lessons learned in public company adoption.
Learning Objectives:

  • Learning Objectives:To understand key concepts and requirements of ASC 842
  • To understand certain implementation and transition issues

06

Friday
3:15pm-4:05pm

COR1952. CFO Panel

Instructor: Jackie Buck, Mike Love, Mike Lucki, Rich King
Track: CFO - Construction
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.0

06

Friday
3:15pm-4:05pm

COR1953. Contract WIP for Heavy Highway Contractors

Instructor: Robert Davidson
Track: Accounting & Auditing - Construction
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

This presentation will include a discussion of analytical procedures and considerations required for preparation of the contract WIP schedules for heavy highway contractors. The session will also include internal control and auditing procedures to consider for the contract WIP schedules.
Learning Objectives:

  • Participants will learn about issues affecting the contract WIP schedules of heavy highway contractors, including unit price contract issues, liquidated damages, front end loading, contract risk, DBE compliance, etc.
  • Participants will receive guidance about the impact of the new revenue standards on the contract WIP schedules

06

Friday
3:15pm-4:05pm

COR1954. Tax Panel

Instructor: Cord Armstrong, John Armour, Kelli Franco, Jim Lundy, Tony Ivener
Track: Tax - Construction
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

This session is an opportunity to interact with leaders in the construction tax arena. Attendees will gain:
Learning Objectives:

  • A review of current trends and developments impacting the construction tax industry
  • Insights from a detailed discussion on tax topics presented in earlier sessions
  • The opportunity to participate in Q&A on topics important to their company and/or practice

06

Friday
3:15pm-4:05pm

COR1955. Opportunities and Challenges for Investing in Cannabis Real Estate

Instructor: Anthony Coniglio, Rob Sistek
Track: Industry - Real Estate
Knowledge Level: Intermediate
Field of Study: Finance
CPE Credits: 1.0

The state-legalized cannabis market is one of the fastest growing industries in the U.S. Real estate is at the heart of the cannabis industry with mission-critical facilities necessary to produce, process and distribute products to consumers. This session will provide a high-level overview of the cannabis industry and offer an in-depth discussion of the opportunity and challenges associated with investing in the capital-intensive and specialized real estate that serves an emerging, high-growth industry, which remains illegal at the federal level.
Learning Objectives:

  • Understand the opportunity, rationale and competitive landscape for investing in real estate with cannabis related tenancy.
  • Learn about the formation, capital raising and operational challenges encountered by real estate investment firms that transact with cannabis operators.

06

Friday
3:15pm-4:05pm

COR1956. Impairment

Instructor: Jamie Rich, Jordan Adelson
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.0

06

Friday
3:15pm-4:05pm

COR1957. Estate Planning for Real Estate Investors

Instructor: Nancy Henderson
Track: Tax - Real Estate
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

In this program, a nationally recognized estate planning attorney with expertise in advising high net worth clients in matters of estate and charitable planning will examine the unique issues and opportunities involved when advising real estate investors on matters of wealth transfer.
Learning Objectives:

  • Learning Objectives:To become aware of the unique challenges presented in estate and charitable planning when the principal assets are real estate investments.
  • To be introduced to the most effective estate planning strategies for transferring real property to individual or charitable beneficiaries or trusts for their respective benefit.
  • How to strike the proper balance between planning for a step up in basis on low basis real property v. reducing estate and generation skipping transfer taxes.

06

Friday
4:15pm-5:05pm

COR1958. Selecting a Construction Accounting Software Solution

Instructor: Jeffrey Nesbit
Track: Tax - Construction
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.0

06

Friday
4:15pm-5:05pm

COR1959. Indirect Cost Allocations

Instructor: Carl Franseen, Rich King
Track: CFO - Construction
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.0

06

Friday
4:15pm-5:05pm

COR1960. Accounting and Auditing Experts Panel

Instructor: Joe DiLeo, Steve Dwyer, Jordan Adelson
Track: Accounting & Auditing - Real Estate
Knowledge Level: Intermediate
Field of Study: Accounting, Auditing
CPE Credits: 1.0

This session is an interactive panel discussion on:
Learning Objectives:

  • Recent accounting pronouncements
  • Accounting and auditing application to the real estate industry

06

Friday
4:15pm-5:05pm

COR1961. Tax Expert Panel

Instructor: Joyce Welch, Scott Grimm, Nathan Clark, Tony Nitti
Track: Tax - Real Estate
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

The Tax Experts Panel provides the attendees the opportunity to ask the Experts questions regarding relevant topic discussed during the conference or with their practice.
Learning Objectives:

  • Learning Objectives:Opportunity to ask questions of Tax Experts regarding income tax issues discussed at the conference
  • Invite discussion about uncertain tax issues that result from TCJA 2020