New Location!
Real Estate Restructuring
Loan Defaults, Workouts, Bankruptcy and Distressed Property Acquisitions
December 10-11, 2009 • Conrad Hotel • Miami
Featuring Speakers From:
Dear Colleague:
Branch Banking & Trust Company
The United States is experiencing unprecedented shocks to the real estate market. The
economy is at risk in a way not experienced by anyone now in their business career, yet
distressed real estate presents major opportunities for investors.
Chicago Title Insurance Company
Ernst & Young
FMSbonds
Hilco Real Estate
Holliday Fenoglio Fowler
During these turbulent times of constricted credit markets, increasing governmental
regulation, and a challenging economy, you need to have the best and most up-to-date
information.
TriMont Real Estate Advisors
We have assembled this timely Conference with leaders in law, banking, accounting and real
estate, to provide you with advanced strategies for addressing the issues posed by troubled
real estate loans and the acquisition of distressed debt and projects. You’ll hear directly from
the experts on such important issues as:
… and the top law firms in the area!
• The State of Capital Markets and Its Effects on Real Estate Defaults
The Continental Group
The Related Group
• Analyzing a Real Estate Loan Default and the Players
• Documenting a Restructure
• Bankruptcy: From the Perspective of the Creditor, Debtor and Trustee
• Federal Tax Aspects of Workouts and Restructurings for Lenders and Borrowers
• Distressed Condominium Issues
Whether you are an attorney, investor or real estate professional, you will benefit from the
invaluable techniques of law, finance, and operations addressed at this Conference.
This is one Conference you can’t afford to miss! We look forward to seeing you in Miami.
Sincerely,
Conrad Hotel
1395 Brickell Avenue
Miami, FL, 33131
Hotel Reservations
Community World Travel
(888) 724-0500 • www.cletravelinfo.com
Ronald Glass, Principal
Program Co-Chair
Glass Ratner Advisory and Capital Group
Atlanta
David M. Layman, Esq.
Program Co-Chair
Greenberg Traurig
West Palm Beach
Schedule and Instructor Bios Inside
$100 DISCOUNT
for Government Employees
REGISTER NOW!
www.cle.com/miami09 or 800-873-7130
CONFERENCE SCHEDULE
Real Estate Restructuring
THURSDAY, DECEMBER 10
FRIDAY, DECEMBER 11
8:30 Registration and Continental Breakfast
9:00 Welcome and Introduction
8:30 Continental Breakfast
Overview of Day One
Ronald Glass, Principal, Program Co-Chair
Glass Ratner Advisory and Capital Group, Atlanta
David M. Layman, Esq., Program Co-Chair
Greenberg Traurig, West Palm Beach
9:15 The State of Capital Markets and Its Effects on Real Estate Defaults
Subprime Loan Defaults; CMBS Lockup August 2007; Spread of Pain; Death of Large Institutions
Manuel de Zárraga, Executive Managing Director
Holliday Fenoglio Fowler, Miami
Ronald Glass, Principal, Program Co-Chair
9:00 Welcome Back
Overview of Day Two
Ronald Glass, Principal, Program Co-Chair
David M. Layman, Esq., Program Co-Chair
9:15 Federal Tax Aspects of Workouts and Restructurings for Lenders and Borrowers
Forgiveness of Debt Income Issues; Lender Issues with Document Modifications
Steven M. Friedman, National Director, Homebuilding Services
Ernst & Young, Washington, DC
10:15 Morning Break
10:30 Ethics Concerns in Restructures and Bankruptcies
10:00 Morning Break
Asset Protection Planning; Federal Statutes; Conflicts of Interest
10:15 Analyzing a Real Estate Loan Default and the Players
Robert W. Barron, Esq.
Cause of Default; First Mortgage Lender; Mezzanine or Second Lender; Ownership Structure: Operating and Money Partners; Value of Collateral; Documentation and Perfection Issues
Toni Meyer-Walker, Vice President of Special Assets
TriMont Real Estate Advisors, Atlanta
James W. Shindell, Esq.
Bilzin Sumberg, Miami
Laurie L. Gildan, Esq.
Greenberg Traurig, West Palm Beach
11:15 Defaulted Dilemmas
Community Development District Bonds, Infrastructure and Partial Construction Issues
Berger Singerman, Fort Lauderdale
Daniel D. Mielnicki, Esq.
Berger Singerman, Boca Raton
11:30 Q&A Panel
Members of the Faculty
11:45 Lunch Break
1:00 Acquisition of Distressed Debt
Diligence Regarding Document and Property Problems; Bankruptcy Risk; Timing of Recovery of Collateral
Jonathan Johnson, Esq.
Alan Pleskow, Esq.
Jon Kessler, Esq., Director, Investment Banking
Richard K. Martin, Esq.
Hopping Green & Sams, Tallahassee
FMSbonds, North Miami Beach
12:30 Lunch Break
1:45 Introduction to Bankruptcy
Who Can and Cannot be a Debtor; Forum Shopping; Chapters 7 and 11; Voluntary/Involuntary Cases; Single Asset Cases
Paul Steven Singerman, Esq.
Berger Singerman, Miami
2:30 Afternoon Break
2:45 Bankruptcy Panel
Perspective: Debtor and Chapter 11 Trustee
Ronald Glass, Principal, Program Co-Chair
Perspective: Debtor
Harley E. Riedel, Esq.
Stichter, Riedel, Blain & Prosser, Tampa
Perspective: Creditor
Richard C.F. (“Rick”) Spencer, Executive Vice President Problem Loan Administration Manager
Branch Banking & Trust Company, Atlanta
Moderator: David Kurzweil, Esq.
Greenberg Traurig, Atlanta
4:00 Documenting a Restructure
Pre-Negotiation Agreements vs. Disclaimer Letters; Lender Liability Benefits to the Parties; Bankruptcy Risks; Default Notices; Modification Agreements; Cash Flow; Foreclosure Agreements; Deed-in-Lieu Agreements
Suzanne M. Amaducci-Adams, Esq.
Bilzin Sumberg, Miami
Noel Boeke, Esq.
Holland & Knight, Tampa
5:15 Q&A Panel
Members of the Faculty
5:30 Adjourn
Greenberg Traurig, Boca Raton and New York
Haynes and Boone, Dallas
Jordan Paul, Senior Managing Director
The Related Group, Miami
2:15 Afternoon Break
2:30 Issues Specific to Condominium and Homeowner Associations
Control of Association; Successor Developer Risks; Association Collection Issues and Lender Liability for Assessments; Terminating Condominiums
Tom Roses, President and Director
The Continental Group, Hollywood
David M. Layman, Esq., Program Co-Chair
3:30 Acquiring Distressed Real Estate
Evaluating All Preserving Entitlements; Diligence; Financing; Repositioning; and Title Insurance Issues, Including Bankruptcy Sales
Navin N. Nagrani, Vice President
Hilco Real Estate, Chicago
Al Gomez-Vidal, Esq.
Chicago Title Insurance Company, Miami
4:45 Q&A Panel
Members of the Faculty
5:00 Evaluations and Adjourn
TELL US WHAT YOU WANT!
Do you have specific questions or topics you hope to see covered in
this program? Would you like to see a Conference on another topic?
Would you like to learn about sponsorship and exhibit opportunities?
Contact CLE INTERNATIONAL Program Attorney Stacie Kelly,
stacie@cle.com.
REGISTER NOW! www.cle.com/miami09 or 800-873-7130
MEET YOUR DISTINGUISHED FACULTY
PROGRAM CO-CHAIRS
Ronald Glass is a Chapter 11 trustee and fiduciary
in high profile bankruptcies. He has been involved
in the liquidation and sale of over $1 billion of
commercial real estate.
David M. Layman has concentrated his practice in
commercial real estate transactions and land use
law for over 25 years. He has represented owners
and lenders of distressed condominiums, hotels,
office buildings, planned communities, marinas,
and private clubs.
FACULTY
Suzanne M. Amaducci-Adams handles all aspects
of commercial real estate and finance transactions,
including acquisitions, development, leasing,
commercial mortgage-backed securities, REMICs,
mezzanine financing and loan restructurings.
Robert W. Barron concentrates on commercial
real estate and other transactions, including the
acquisition, disposition and financing of real
estate projects and businesses, troubled business
situations, loan workouts, §363 asset sales and
acquisitions, and loan guaranty workouts.
Noel Boeke specializes in bankruptcy, creditors’
rights litigation, and commercial litigation. He
also has experience in asset sales and acquisitions,
business contract negotiations, and Uniform
Commercial Code issues.
Steven M. Friedman has more than 25 years of
experience advising publicly and privately held
single and multi-family residential real estate
development, management and investment
clients. He is nationally recognized as an expert in
the taxation of real estate.
Laurie L. Gildan has experience that spans
the full range of real estate practice, including
representation of developers and lenders with
respect to commercial, office, warehouse,
residential and golf course communities.
4 Easy Ways
to Register
Al Gomez-Vidal is responsible for commercial
underwriting in Florida, Puerto Rico and the
Caribbean. He also conducts educational
programs for examiners, underwriters, and agents
throughout the state.
Jonathan Johnson has 15 years of experience
representing both special districts on finance and
construction matters and interested parties in due
diligence concerning land secured bonds in Florida
and elsewhere.
Jon Kessler has over 12 years of experience
executing transactions in public and private capital
markets. He has acted as the lead investment
banker on over 100 CDD Bond financings
representing in excess of $3 billion in par value.
David Kurzweil has a great deal of experience in a
variety of commercial insolvency situations. He has
negotiated workouts from both the standpoint of
counsel for the creditor and the debtor.
Richard K. Martin has more than 30 years of
experience assisting clients in complex real estate
transactions, including representation of pension
systems, pension advisors, developers, REITS,
private funds, and individual investors.
Toni Meyer-Walker manages her organization’s
special assets, including senior, mezzanine and
equity positions held by institutional investors, and
specially serviced securitized assets.
Daniel D. Mielnicki concentrates his practice
in estate and tax planning for high-net worth
individuals, estate and trust administration, capital
preservation and wealth transfer, drafting wills and
trusts, and charitable tax planning.
Navin N. Nagrani is responsible for new business
development and deal structuring. Prior to joining
his Real Estate group, he was a team leader in his
company’s Appraisal Services group.
Jordan Paul joined his company in 2008. He
previously founded Aquila Property Management,
a commercial real estate investment, management
and advisory firm.
www.cle.com/miami09
YES! Please register the following:
FAX
(303) 321-6320
Real Estate Restructuring
Alan Pleskow focuses his practice on real estate
and financial institution matters, representing
domestic and foreign lenders, borrowers,
investors, developers, landlords, and tenants.
Harley E. Riedel has practiced bankruptcy
and insolvency law for 35 years, generally
representing corporate debtors. He was a
founder, and has served as Director, President
and Chairman of, the Tampa Bay Bankruptcy Bar
Association.
Tom Roses is a veteran in the property
management industry, with over 25 years of
experience. He is responsible for overseeing the
general operations of over 1500 communities in
his group’s property management division, and
expanding its market leadership position.
James W. Shindell represents developers,
owners, private and institutional investors, and
lenders in a broad range of real estate matters,
including acquisitions, sales, financings, leasing,
joint ventures, workouts and restructurings.
Paul Steven Singerman focuses on troubled
loan workouts, insolvency matters and
commercial transactions. While best known for
his representation of debtors, he also represents
creditors’ committees, lenders, large unsecured
creditors, asset purchasers in §363 sales, and
trustees.
Richard C.F. (“Rick”) Spencer and his fullservice financial institution offer banking,
insurance, investment and more. It is the
nation’s 14th largest financial holding company
with 31,000 employees and approximately 1,500
locations in 11 states and Washington, DC.
Manuel de Zárraga is a partner with a national
real estate investment banking firm focused
on providing debt and equity capital solutions
for the commercial real estate investment and
lending industries.
PHONE
(800) 873-7130
MAIL
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©2009 CLE INTERNATIONAL MIARED09
REGISTER NOW! www.cle.com/miami09 or 800-873-7130
New Location!
Real Estate Restructuring
Loan Defaults, Workouts, Bankruptcy and Distressed Property Acquisitions
December 10-11, 2009 • Conrad Hotel • Miami
Earn up to 15 Hours MCLE Credit
Including One Hour of Ethics
Earn up to 15 Hours CPE Credit
REGISTER NOW!
www.cle.com/miami09 or 800-873-7130
New Location!
Real Estate Restructuring
Keeping Pace in Trying Times
December 10-11, 2009 • Conrad Hotel • Miami
The State of Capital Markets and Its Effects on Real Estate Defaults
Analyzing a Real Estate Loan Default and the Players
Defaulted Dilemmas
Introduction to Bankruptcy
Bankruptcy Panel
Documenting a Restructure
Federal Tax Aspects of Workouts and Restructurings for Lenders and Borrowers
Acquisition of Distressed Debt
Acquiring Distressed Real Estate
Issues Specific to Condominium and Homeowner Associations
$100 DISCOUNT
for Government Employees
M
HOT TORE
O
INSID PICS
E!
REGISTER NOW!
www.cle.com/miami09 or 800-873-7130