Investing in Distressed
  Housing Summit

November 12-13, 2008
__The Ritz-Carlton, Coconut Grove, Miami
VIEW INVESTING IN DISTRESSED DEBT AGENDA (as of 11-11-08) ____

Investments Director, AFP CONFIA
ALSIS FUNDS
ALSIS FUNDS
Principal, ALTERA CAPITAL GROUP
CEO, AMHERST SECURITIES
Director, ANGELO GORDON REAL ESTATE FUNDS
Director, AZTEC GROUP
Vice President, BAYVIEW FINANCIAL
Partner, BERGER SINGERMAN PA
Reporter, BLOOMBERG
President, BOSTON PORTFOLIO ADVISORS
Chairman, BOYNTON BEACH POLICE PENSION
Vice President, Investment Analyst, BROWN ADVISORY
Managing Director, BTI LAND
Principal, CAVALRY LLC
Vice Chairman Debt & Equity Finance, CBRE MELODY
Vice President, Portfolio Manager, CHASE HOME EQUITY
COLORADO AND SANTA FE REAL ESTATE
President, COMMUNITY PLANNING ASSOCIATES
Analyst, CONCORDIA ADVISORS
Divisional Vice President, CRAWFORD PARK FINANCIAL INC.
Director, CREDIT SUISSE
Principal, CROWN REALTY ADVISORS
CVA
President, CVA
CVA
Analyst, Reporter, DEBTWIRE ABS
Reporter, DEBTWIRE ABS
Senior Vice President, DEVELOPMENT SPECIALISTS INC.
Deal Structuring Manager, FANNIE MAE
Vice President, FANNIE MAE
Manager, Capital Markets, FEDERAL DEPOSIT INSURANCE CORP
Capital Market and Resolutions Manager, FEDERAL DEPOSIT INSURANCE CORP
TBA, FEDERAL DEPOSIT INSURANCE CORP
TBA, FEDERAL DEPOSIT INSURANCE CORP
Managing Director, FENIX CAPITAL
Managing Director, FIR TREE PARTNER
Associate, FIR TREE PARTNER
Partner, FORMAN CAPITAL LLC.
Managing Director, FORTRESS INVESTMENT GROUP
Investor, FORTUNE CAPITAL PARTNERS/GREC
FORTUNE CAPITAL PARTNERS/GREC
CEO, President, GILLIO DEVELOPMENT INC.
GOODKIN CONSULTING GROUP
Managing Partner, GRAMERCY AUCTIONS LLC
Managing Partner, GRAMERCY AUCTIONS LLC
Vice President Investments, GREEN PARK FINACIAL
Vice President, GUIBERSON VENTURES INVESTMENT GROUP

Partner, HOGAN & HARTSON
IFREEDOM MORTGAGE CORPORATION
Managing Director, IMPERIAL CAPITAL LLC.
INTEGRA REALTY RESOURCES
Director, JNF ASSET MANAGEMENT
Chief Operating Officer, KONDAUR CAPITAL CORP
Director, LAND FINANCE GROUP, LLC
Managing Director Pension Funds, LAVAL UNIVERSITY
Vice President, LENDER PROCESSING SERVICES INC
Vice Chairman, LUBERT-ADLER PARTNERS LP
Principal, MALANGA CAPITAL GROUP
President, MANAGEMENT GROUP 1
General Manager, MANAGEMENT GROUP 1
Managing Director, MEMBERS CAPITAL ADVISORS
Director of National Consulting, Chief Economist, METROSTUDY
Senior Vice President, MESIROW FINANCIAL, INC
President, MICHAEL P. KAHN & ASSOCIATES, LLC
Analyst, MKP CAPITAL MANAGEMENT, LLC
Managing Director of Acquisitions and Lending, MOUNTAIN FUNDING LLC
Principal, NAPLES CAPITAL
NRC REALTY ADVISORS, LLC
Vice President, NRC REALTY ADVISORS, LLC
Vice President Business Development, NRC REALTY ADVISORS, LLC
Senior Vice President, NRC REALTY ADVISORS, LLC
Principal, NVA PARTNERS
Partner, ORLANDO CAPITAL PRTNERS
Principal, PELICAN REAL ESTATE & DEVELOPMENT
Credit Analyst, PERRY CAPITAL
Vice President National Accounts, PMI MORTGAGE INSURANCE CO
Managing Director, PORTFOLIO SECURITIZATION CAPITAL GROUP
Associate Partner, PORTFOLIO SECURITIZATION CAPITAL GROUP
Portfolio Manager, Managing Director, PPM AMERICA
Commercial Services Group, PRESTIGE INVESTMCENTS
Associate, REOTECH
Principal, REZNICK GROUP, PC
President, RJB WALZAK CONSULTING, INC.
President and CEO, RIVERGATE RESIDENTIAL
Manager, ROBERT SHERIDAN & PARTNERS
Managing Member, ROSSROCK LLC
Principal, TRAILRIDGE PROPERTY CORPORATION
Managing Director, THE CREST AT WATERFORD LAKES
President, THE GOOD NEIGHBOR FUND
Managing Member, TRIGATE CAPITAL LLC.
Assistant Vice President, TRUST COMPANY OF THE WEST

Wednesday, November 12, 2008

8:30a

Registration for the Workshop

9:00

ART OF THE DEAL WORKSHOP - FINDING AND CLOSING ON DEALS

BEST PRACTICES WORKSHOP
• Distressed Debt Market: General Overview
• Dispositions: who is selling—what is selling—at what values, what lenders want
• Finding Deals: Acquisitions—what is everyone looking for—finding product- sources- underwriting- Buyer valuations.
• Best buys : Hot product types and analysis ( condos, conversions, land, finished lots, retail, notes)
• Top Pitfalls: Funding, Legal, successor, HOA, title, construction, Due diligence
• Asset Management : Services Workflow Maximizing value - repositioning
• Funding sources: requirements, LTV, sources
• Sales- Exit strategies- investors, notes, international buyers, workouts.

Presented by
Principal, CROWN REALTY ADVISORS
Managing Director, AZTEC GROUP
Principal, PELICAN REAL ESTATE & DEVELOPMENT
ShareHolder, BERGER SINGERMAN PA
Managing Director, BTI LAND

12:00p

Registration for the Workshop

1:00

Co-Chair Welcoming Remarks

CEO, AMHERST SECURITIES
President, MICHAEL P. & ASSOCIATES, LLC
Senior Vice President, DEVELOPMENT SPECIALISTS INC.
Director, LAND FINANCE GROUP, LLC

1:15

PREDICTING THE TURNS: A QUANTITATIVE ANALYSIS AND FORECAST OF TWENTY LOCAL HOUSING MARKETS

Keynote Speaker:
Director of National Consulting, Chief Economist, METROSTUDY

1:45

DISTRESSED REAL ESTATE MARKET-INDUSTRY REVIEW
• “The “Bottom”
____* When?
____* How much further to the “Bottom”?
____* Peak to Tough declines
• Foreclosure Picture
• Mortgage Market
• After the “Bottom” - then what?

Moderator:
Principal, ROBERT SHERIDAN & PARTNERS

Panelists:
President, RJB WALZAK CONSULTING, INC.
Managing Director, AZTEC GROUP
Principal, TRAILRIDGE PROPERTY CORPORATION
Vice President/Investment, MARCUS & MILLICHAP

2:45

ACQUISITIONS: SOURCES OF TOP OPPORTUNITIES AND DECISION MAKERS

Moderator:
Vice President, GUIBERSON VENTURES INVESTMENT GROUP

Panelists:
Vice President, LENDER PROCESSING SERVICES INC
Principal, ALTERA CAPITAL GROUP

3:45

Refreshment Break

4:00

Bid-Ask Seller/Buyer Pricing and Valuations
• Buying Home Building and Residential Land Assets at some Percentage of Historical Cost or Loan Balance is not
• the Way to Purchase Anything
• Assets Must be Valued Individually and then Consolidated
• How Homebuilders and Land Developers Value Assets: A Valuation Matrix
• The Advantage of “Local Feet on the Ground” in Each Market
• Partnership Approach: Local Skin in the Game

Moderator:
President , MICHAEL P. KAHN & ASSOCIATES, LLC

Panelists:
Principal, PELICAN REAL ESTATE & DEVELOPMENT
Partner, PRESTIGE REALTY

5:00

Asset Management and Portfolio Strategies

Moderator:
President, BOSTON PORTFOLIO ADVISORS

Panelists:
VP of Business Development, WILLIAMS & WILLIAMS
Principal, CROWN REALTY ADVISORS
President, Management Group 1
Managing Director, The Crest at Waterford Lakes
CEO,  Amherst Securities

6:00

Cocktail Reception

Thursday, November 13, 2008

7:30a

Breakfast

8:00

Co-Chair Welcoming Remarks

CEO, AMHERST SECURITIES
President , MICHAEL P. KAHN & ASSOCIATES, LLC
Senior Vice President, DEVELOPMENT SPECIALISTS INC.
Director, LAND FINANCE GROUP, LLC

8:15

Capital Markets, Financing & Deal Structure
Question and Answers from Audience:

Panelists:
Vice Chairman Debt & Equity Finance, CBRE MELODY
SVP, GUIBERSON VENTURES INVESTMENT GROUP
Vice President Investments, GREEN PARK FINACIAL
Partner, FORMAN CAPITAL LLC.

9:15

INVESTOR ROUNDTABLE

Moderator:

Panelists:
Portfolio Manager, Managing Director, PPM AMERICA
CEO and President, GILLIO DEVELOPMENT INC.
Managing Director, BTI LAND

10:15

Morning Refreshment Break

10:30

Acquisitions: Buyer & Seller Buying Notes and Portfolios
• How can investors access Bank REOs and notes?
• Who are banks working with and what are their requirements?
• How is the whole process evolving and how will things change moving forward?
• What are the available exit strategies for REOs and Notes?

Moderator:
Principal, NAPLES CAPITAL

Panelists:
Chief Investment Officer & Operations Manager, NATIONAL ASSET DIRECT INC., CAPITAL MARKETS
Managing Member, TRIGATE CAPITAL LLC.

11:30

Dispositions and Exit Strategies
Question and Answers from Audience:

Panelists:
Principal, PELICAN REAL ESTATE & DEVELOPMENT
Vice President, NRC REALTY ADVISORS, LLC

12:30p

Lunch

1:30

INTERNATIONAL BUYERS AND FOREIGN MARKETS

Moderator:
Managing Director, FENIX CAPITAL

Panelists:
Principal, CROWN REALTY ADVISORS
Principal, TRAILRIDGE PROPERTY CORPORATION

2:15

Distressed Residential, REOS, Loans and Lands- Criteria, Valuations, Sources and Exit Strategies

Moderator:
Commercial Services Group, PRESTIGE INVESTMENTS

Panelists:
Partner, HBR INVESTMENTS
Partner, PRESTIGE REALTY

3:00

Legal: Offers, Contracts and Successor Issues & Reorganization Strategies

A Round Table Discussion:

Participants:
Principal, CAVALRY LLC
Share Holder, BERGER SINGERMAN PA

3:45

Refreshment Break

4:00

Auction Exit Strategies: Buying in Bulk - Selling Retail

A Round Table/ Case Study:

Lead By:
Senior Vice President, NRC REALTY ADVISORS, LLC
Senior Vice President, NRC REALTY ADVISORS, LLC

5:00

Opportunistic Real Estate Investing: Distressed Assets, Land, and Condominium Conversions

Moderator:
President and CEO, RIVERGATE RESIDENTIAL

Panelists:
Vice Chairman, LUBERT-ADLER PARTNERS LP
Executive Director Real Estate/Analyst/Advisor Valuator, INTEGRA REALTY RESOURCES MIAMI
Partner, COLORADO AND SANTA FE REAL ESTATE
CEO, MCCABE RESEARCH AND CONSULTING
Principal, GOODKIN CONSULTING GROUP

6:00

Cocktail Reception