MBA's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2018

Schedule

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Schedule subject to change.
Note: Meeting rooms may change, so please refer to the on-site program for final locations.

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Monday, February 12, 2018

  • Legislative and Regulatory Update: Impacts on CRE

    Location: Marriott Grand Ballroom 3,
    Second Floor,
    North Tower


    Speaker(s)

    Bill Killmer, Senior Vice President for Legislative & Political Affairs, Mortgage Bankers Association

    Thomas T. Kim, Senior Vice President, Commercial/Multifamily, Mortgage Bankers Association

    David Burns, Vice President, Prudential

    David Leavitt, National Real Estate Fund Tax Technical Leader, PWC

    Breakout Session

    A variety of legislative and regulatory events can fundamentally affect the business of CRE finance. Tax reform has happened; regulatory and industry implementation now begins.  Action out of the chaotic Capitol Hill can also include budget actions with CRE impacts, legislative fixes to regulations, and political battles that play out in ways that affect the industry. Federal regulators can also have direct and significant impacts on CRE finance, including possible action to change HVCRE, HMDA and more. Panelists will provide policy intelligence, identify regulatory impacts on CRE sectors, and prognosticate on political outcomes that have the potential to keep the industry up at night.

    Speaker(s)

    Bill Killmer, Senior Vice President for Legislative & Political Affairs, Mortgage Bankers Association

    Thomas T. Kim, Senior Vice President, Commercial/Multifamily, Mortgage Bankers Association

    Tom Kim is Senior Vice President of Commercial/Multifamily at the Mortgage Bankers Association (MBA).  In this capacity, Tom manages MBA's Commercial/Multifamily Group in representing the interests of member companies in the commercial/multifamily real estate finance industry.  He oversees and leads public policy activities with regard to commercial and multifamily real estate finance, including matters relating to financial services regulation, multifamily housing finance, commercial mortgage securitization, portfolio lending and commercial mortgage servicing.  Tom also manages the development of best practices and industry standards, and advises MBA's Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG). Prior to joining MBA, Tom served as Associate General Counsel at Freddie Mac, where he advised the company on a broad range of legal, regulatory and public policy matters.  Previously, he was in-house counsel at the Investment Company Institute, the national association of the mutual fund industry, where he focused on legislative and regulatory matters affecting mutual funds and their shareholders. Tom is also a co-founder and board member of Justice Ventures International, a non-profit organization that combats human trafficking and promotes economic development in developing countries. Tom received his B.A. summa cum laude from the University of California, Irvine, J.D. from the UCLA School of Law where he served as a law review editor, and LL.M. with distinction from the Georgetown Law Center. 

    David Burns, Vice President, Prudential

    David Burns is a Vice President in External Affairs' Washington DC office. David co-leads External Affairs' legislative lobbying team with a focus on tax, financial services, and retirement policy. Prior to joining Prudential in 2009 David was a senior policy staffer to now retired Congressman John Tanner, then a senior Ways and Means Committee member and co-founder of the Blue Dog Coalition, a group of moderate to conservative House Democrats. David advised Mr. Tanner and the Blue Dog Coalition on fiscal issues with a focus tax, budget, and trade policy. Before working for Mr. Tanner, David was the Legislative Director to former Congressman Chris Bell of Houston, TX, David’s hometown. David has a BA in economics from the University of Texas at Austin.

    David Leavitt, National Real Estate Fund Tax Technical Leader, PWC

    David is a principal in PwC’s New York Real Estate tax practice.  David also is the Asset & Wealth Management Tax Technical Leader for PwC’s national asset and wealth management tax practice.  He serves clients in the investment management industry on a wide range of tax matters with a specific focus on the real estate industry.  David’s experience includes structuring open and closed end real estate private equity funds on behalf of fund sponsors and structuring investments in such funds in a tax-efficient manner for taxable, US tax-exempt, non-US governmental, and other non-US investors.

    David also advises clients on structuring mergers and acquisition transactions involving the real estate industry, including REIT acquisitions and dispositions, spin-offs, and mergers. David advises investors and investment sponsors on inbound real estate investments from outside of the United States, and his experience also includes the following: structuring direct and joint venture real estate investments, including advising on matters relating to partnerships and REITs; Foreign Investment Real Property Tax Act; non-US government investors eligible for Section 892 of the Internal Revenue Code (sovereign wealth funds); entity classification of non-US entities for US income tax purposes; and eligibility for benefits under US income tax treaties. David is a co-author of the Real Estate Investment Trusts treatise on Checkpoint Catalyst.  David is a frequent speaker at asset management industry events.

    David holds a J.D. from Chicago-Kent College of Law and an L.L.M. (Master of Laws) from New York University School of Law.