Rosemarie Thurston and Mark Kanaly participated in this conference sponsored by Information Management Network (IMN). Rosemarie Thurston served as a conference chairperson and moderated the session, "CEO Panel: Generating Returns for Investors and Positioning for Long-Term Success in the Industry." This presentation addressed the following questions.
- What challenges have you encountered year to date and what has been your strategy to navigate them?
- What opportunities have you taken advantage of?
- How are you sourcing and financing investments?
- What are you doing to ensure dividend coverage?
- Are you experiencing a greater level of due diligence scrutiny from broker-dealers?
- What areas of concern are they focused on? What areas do you think they should focus on?
- What is your stance on asset management fees: waive, subordinate or charge in full?
- Are you eliminating internalization payments or do you think they are appropriate?
- Are you modifying your products to better align sponsor and investor interests? If so, how?
- Are you reporting MFFO?
- What do you see as the opportunities/ challenges for future of non-traded REITs? How are you positioning your firm for this?
Mark Kanaly was a panelist during the session, "Point-Counterpoint Panel Debate: Waive, Subordinate or Charge Internalization Fees?." This session featured panelists presenting various viewpoints on internalization fees; waiving them, subordinating them and deeming them appropriate and maintaining them. The presentation addressed the following questions.
- What are the alternatives?
- Which way should the industry go?
- How to standardize this?
The IMN symposium is designed to meet the information needs of established, new and prospective Non-Traded REITs, serving the growing number of Broker/Dealers that sell, or that are considering selling, the product. Alston & Bird was a sponsor of the event.
June 23-24, 2011
Marriott New York Downtown / New York, NY