IMN

For more information, please contact our event specialists at:
hotline @imn.org & http://www.imn.org/sfa14
800+
Executives in
attendance
120+
Speakers
200+
Funds, REITs &
Investors
24
Panel Sessions
69
Sponsors/
Exhibitors
ONE
Forum For The Institutional Single Family Investment Market.
*2013 forum

| For more information, please visit: http://www.imn.org/sfa14
Bronze Sponsors
Gold Sponsors
Silver Sponsors
Lead Sponsor
Platinum Sponsors
Media Partners
C o r p o r a t e S p o n s o r s & m e d i a p a r t n e r s
IMN would like to thank the following corporate sponsors & media partners for their generous
support of IMN’s 2nd Annual Spring Single Family Aggregation: REO-to-Rental Forum
Where the lights are always on
PROPERTY SERVICES, LLC
NATIONWIDE PROPERTY MANAGEMENT
RealEstateInvestment

hotline@imn.org Tel: 212-224-3428 |
3
REITs, Funds, REO & Note Buyers and Fix & Flippers Speaking Include
Ashish Pandey, Chief Executive Officer
Altisource Residential Corp.
Max Walzer, Acqusition Director Alto Investments
Ben Walls, Director American Real Estate Investments LLC
Ron McMahan, CEO American Mortgage Investment Partners
Stephen G. Schmitz, Chairman & Chief Executive Officer
American Residential Properties, Inc.
Carl D. Bell, Deputy Chief Investment Officer
Amundi Smith Breeden
Jonathan Shechtman, Portfolio Manager Axonic Capital
Eli Braha, Principal Berkley Acquisitions
Earl Crouse, Director of Acquisitions
Blue Mountain Homes, LLC
Mike Bednarski, Managing Partner Broome Capital, LLC
Lew S. Schulman, President Builders of Hope
Doug Smith, Portfolio Manager
Castle Rock Commercial Acquisitions
Victor Naar, CEO CastleRock REO
Todd Sammann, Principal Colony Capital, LLC
Jack Bevier, Partner The DominionGroup
Fred Lewis, Managing Partner The Dominion Group
Yanir Ram, CFO DRI Holdings
Gene Clark, General Counsel 5 Arches LLC
Sean Tierny, Director of Sales HavenBrook
Rick Liebman, Chief Investment Officer
High Rock Land Company
Kenneth Channell, Co-President
HomeVestors of America
Benjamin Hellweg, Principal Hyperion Homes
Alex Sifakis, President JWB RealEstate Capital
Anand Patel, President Kajaine Capital
Bruce McNeilage, Managing Member Kinloch Partners, LLC
Thibault Adrien, Founder & CEO Lafayette Real Estate
Eric P. Workman, Vice President of Sales and Marketing
The Mack Companies
Christopher Clothier, Partner Memphis Invest, GP
Kevin Conlon, Principal Meridian Pacific Properties LLC
Jeff Drott, Managing Director MountainView Capital Holdings
Sean Galaise, Director National Asset Direct/iServe
Louis Amaya, Chief Investment Officer NS Capital Management
Anand Patel, President Pangea Realty Group
Mitch Siegler, Managing Director Pathfinder Funds
Curt Schade, President and COO Pretium Partners, LLC
Danny Kattan, Director Property Investment Advisors
Roger Faulkner, CEO RBD Ventures
Tyler Wine, Acquisition Manager Real Deal Advisors, Inc.
Eli Shaashua, Managing Director Red Granite Capital LLC
Lance Popp, President Residential Capital Management
Rudy Orman, Senior Vice President
ResidentialCredit Solutions, Inc.
Brett Moore, Director Residential Dynamics Group LLC
Chad M. Carpenter, Chairman and CEO Reven Housing REIT
Mike Soni, Senior Advisor-Investments Reven Housing REIT
Howard Steinberg, Co-Founder Revest Asset Management
Marty Boardman, Chief Financial Officer
Rising Sun Capital Group
Bill Bymel, President RSI Asset Management, LLC
Bruce Bartlett, Managing Partner Sequoia Real Estate Partners
Corey Schwartz, Fund Manager Serinova Financial, LLC
Gines Arnau, Managing Director-Managed Funds
Strategic Acquisitions, Inc.
Colin Wiel, Chief Investment Officer
Starwood Waypoint Residential Trust
Peter Slagowitz, CEO Spurs Capital
Phillip Carter, President Texas Cash Cow Investments
Jordan Kavana, CEO Transcendent Investment Management
Scott Schultz, Managing Director 25 Capital Partners
James Herbert, President & Founder Two Bridges Real Estate
Ryan McFarland, Managing Partner US Invest
Christopher J. Crippen, Fund Manager
US Residential Asset Fund
Dan Bathon, President Vinebrook Homes
Tom Silvia, Partner Vinebrook Homes
Art Bartholomew, Principal Walnut Street Capital
Samuel Shin, Principal WS Vested

Program Agenda Day One:
7:15
Registration for those Attending one of the Pre-Conference
Discussions
Breakfast is served courtesy of:
7:30-8:15 Vegas Rules, Closed-Door Session For Small
Investors Only

Do you own 25 or 50 houses and you are considering ramping
up? Are you fix-and-flipping and thinking about aggregating?
Are you wondering what the key hires should be to better fund
your portfolio? This closed-door discussion will detail how a small
owner can act or be big in their operations and returns
Discussion Leader:
-Or-
7:30-8:15 Vegas Rules, Closed-Door Session For Mid-Sized
Investors Only
Do you have 150-500 homes? Have you gotten through your
first non-family and friends fundraise? Are you wondering how
you can improve your operations and grow? Considering selling
to the larger aggregators? Are you ready for the next step? This
peer lead discussion, is looking for your to ask questions, and
use your experience to participate.
Discussion Leader:
Fred Lewis, Managing Partner The Dominion Group
8:00
Registration for those Attending one of the Pre-Conference
Discussions
Breakfast is served courtesy of:
8:30 The Macro Economy, the Housing Markets
and Single Family Investment… Is the Market
Becoming Irrationally Exuberant?
• Fed tapping on the brake… Will the single family market
come to a complete stop or continue to go to fast?
• Homeownership and demographic trends • Primary vs.
secondary markets • Twenty-something’s and baby boomers
are moving downtown… How will this impact single family
rental demand? • Evaluating markets with no supply left
• Values in 3 years? 5 years?• Dodd Frank and other government
concerns • Distressed… Coming out of the closet? • Judicial
vs. non-judicial states • Seasonality of sales • Consolidation,
yields and volatility • Short sale volume expectations • First
generation of modifications are ending… What will that do to
supply? • Aggregation as interest rates rise?
Session Chair:
a representative from First Key
Panel Participants:
Rick Sharga, EVP Auction.com
Mark Fleming, Chief Economist CoreLogic
Brian Bailey, Senior Supervisory Financial Policy Analyst
The Federal Reserve Bank of Atlanta
Jack McCabe, CEO McCabe Research and Consulting
9:15 The Public REIT President/CEO Panel… Is the
Acquisition Feeding Frenzy Over? Are you
Slowing Down and Focusing on Operations
and Profitability?
• Market consolidation • Do you see the market consolidating?
• Wrapping it up… Exit strategies • Entering a new market:
What is your strategy? • Public vs. private; REIT vs. fund
• Joint ventures • Impact of Washington starting to pay
attention to your business • Portfolio buying strategy
Session Chair:
Rick Sharga, EVP Auction.com
Panel Participants:
Ashish Pandey, Chief Executive Officer
Altisource Residential Corp.
Stephen G. Schmitz, Chairman Chief Executive Officer
American Residential Properties, Inc.
Chad M. Carpenter, Chairman and CEO Reven Housing REIT
10:00 Refreshments Courtesy of:
Please Choose Track A or B
10:30a
Financing Property Acquisitions Using Term
Debt: The Key to your Business Plan
• Leverage available • Small and mid-size bank availability
• Financing after the cash purchases • Evolution of lending
standards • What do you looking for when a customer wants
to go from short term to stabilized? • LTV, prepay penalties
• Impact of the Blackstone securitization • Product/platforms
available • What do borrowers want? • Hot button borrower
• Underwriting challenges • Loan docs • Exit strategies
Session Chair:
John Beacham, President B2R Finance
Panel Participants:
a representative from Colony American Finance
a representative from First Key Lending
Robert Wasmund, Managing Director
Genesis Capital Partners/Genesis Auctions
Thibault Adrien, Founder CEO Lafayette Real Estate
Anny Huang, Partner Sidley Austin LLP
10:30b
Building a Management Team vs. Outsourcing:
The Overall vs. Local Strategy
• Scale… How much do you need to effectively manage
internally for different functions? • Service level agreements
• Servicing and collections • Time and budget needed
to build your own operations • How much does it cost
to run this business? Key operating expense metrics
that drive the business • Rehab: Should it be in-house?
• Keys to choosing a partner • Headquarter issues
Session Chair:
Terry Sadowski, Assurant Field Asset Services
Panel Participants:
Mike Bednarski, Managing Partner Broome Capital, LLC
Jeffrey Brock, CEO and Founder Key Residential Services
Marlene Minemier, Director-National Property Management
Cityside Management Corp.
workshop
“A”
workshop
“B”

Program Agenda Day One:
11:15a
How Is Home Price Appreciation Impacting the
Markets? What are the Societal and Social
Impacts of Residential Renting?
• Are any bubbles forming? • Price appreciation
vs. last year… Is it slowing down? • Affect of interest
rate expectations vs. reality • Valuation methodologies
• When does it make sense to sell? • Who to sell to • Impact
on investment return • Which markets do you think will have
the largest appreciation? Least? • Increase in rentals/decrease
in homeownership… What is the impact?
Session Chair:
Kelly Johnson, National Sales Manager Asons
Panel Participants:
John Beacham, President B2R Finance
Ying Shen, Co-Head of MBS Research and Head of Mortgage
Modeling Deutsche Bank
Ron D’Vari, CEO Co-Founder NewOak Capital LLC
11:15b Valuation… Think Different: How is Valuing
Single Family Rental Homes Different? (n3)
• Rental streams vs. replacement cost • Predicting future
values • Broker price opinions: What should they include?
• Role of inspections… Are they more important for rental
properties? • Effectiveness of automated valuation models
• Valuation for leveraged buyers • Portfolio value as
a % of cost • Do you expect valuations to return to
longer-term averages? • Valuing alternative housing products
• Home price appreciation vs. asset recovery vs. cash flow
Session Chair:
Jade Rahmani, Vice President-Commercial
Mortgage REITs, Homebuilders, Single-Family REITs
Keefe, Bruyette Woods, Inc.
Panel Participants:
Eli Braha, Principal Berkley Acquisitions
Jeffrey Brock, CEO and Founder
Key Residential Services
Wally Charnoff, CEO RentRange
12:00a
Securitization: What will the Next Few Deals
Look Like?
• Dissecting the latest completed and upcoming deals
• Pricing • Multiple borrower deals… On the horizon?
• Cash flows • SPE set up • Servicers and backup servicers
• Conduit deals • Credit issues • What was needed
for the AAA rating? • What are the investors saying?
• Comparing the tranches and their pricing • Managing
post-securitization changes • Funding via securitization vs.
other funding options • For the mid-size guys… What
is the minimum size of a single borrower securitization?
• Pricing • How are these deals being surveilled? •What are
the mechanics; obstacles; expectations and results so far?
• 2015 predictions
Panel Participants:
Todd Sammann, Principal Colony Capital, LLC
Michael Dryden, Managing Director Credit Suisse
Ryan Stark, Director Deutsche Bank
Nitin Bhasin, Managing Director Kroll Bond Ratings
Brian Grow, Managing Director-RMBS
Morningstar Credit Ratings, LLC
Jeremy Schneider, Director and Analytical Manager-U.S. RMBS
Standard Poor’s Ratings Services
Stephen D. Blevit, Partner Sidley Austin LLP
12:00b
Underwriting Pitfalls and Unexpected
Problems of Investing in this Market
• Risks associated with bulk transactions • Rehab and repair costs
• Tenant screening process • Title and foreclosure challenges
• Extra-ordinary events and insurance coverage • Valuation and
comps • Effectiveness of property management team
Panel Participants:
Sean Tierny, Director of Sales HavenBrook
Jose Perez de Corcho, Executive Vice President OSCIS
Lee Rogers, Principal - Aggregation Risk Management Team
The Norton Agency
Meghan E. Jones-Rolla, Vice President, Corporate Counsel
ServiceLink
James Herbert, President Founder Two Bridges Real Estate
12:45 Day One Sessions Conclude
12:45-4:00 Exhibition Continues to be Open
1:00 Golf Tournament
http://www.bocaresort.com/Things-to-do/Golf
The Single Family Golf Outing is scheduled for the afternoon of Tuesday, May 13, 2014 on the Boca Raton Resort Club Golf Course. The
outing will begin at 12:30pm sharp with a shotgun start, scramble play. All levels of players are welcome to play.
All conference registrants who would like to golf will have a $279 registration fee. All registrations are subject to IMN approval.
All golfers must be registered and paid prior to the event. No exceptions will be made. Please be aware that space is limited and golfers
are registered on a first-come, first-served basis. All of those who are interested should call Marva Massiah at (212) 901-0506 to register
and complete payment. Please note that this payment is non-refundable. Registrants will not have a confirmed space in the tournament
until payment is made to Marva.
If you need to rent clubs, please let Natalie Smith at IMN know via email whether you will need right or left handed clubs (nsmith@imn.org).
Payment for club rentals is taken care of on site, just prior to the tournament. You will have the option to pay for your clubs at the course
prior to the tournament, or charge the cost of renting clubs to your hotel room. The cost of club rental is $85 each.
Requests to play together can be sent to Natalie Smith. IMN handles all pairings and cannot guarantee that all requests will be met. All
pairings are final. The golf outing is designed to accommodate all levels of skill.
5:45-6:45 Networking Reception Courtesy of:

Program Agenda Day Two
7:15 Breakfast is served for pre-conference attendees
courtesy of:
7:30-8:15 New Fund, Vegas Rules, Closed Door Session
You have done the friends and family fundraise and want to take
it up to the next notch. Was your initial fund raise less than a
smashing success? This discussion with other up-and-coming and
first-time funds will discuss real life experiences and the harsh
realities of what is needed to succeed on an institutional-level.
Discussion Leader:
Christopher J Crippen, Fund Manager
8:00 Breakfast is served courtesy of:
8:30 The Fund Panel: What Will Be The Impact of
Higher Interest Rates and Prices on your
Strategy… What is the Next Phase of the
Industry? Your Participation? (2)
• Do you continue to be in acquisition mode? • When are you
a seller? • Returns to investors • Are funds continuing to pop
up in this space? • Exit considerations • Financing the market
as a means to exposure • Considering build-to-rent? Notes?
• What should a potential joint venture partner know? • How
is fundraising going? • Are you assuming price stabilization and
increasing interest rates? Has the changed your strategy?
Session Chair:
Micheal Breese, Chief Executive Officer
HomeStar Property Solutions
Panel Participants:
Benjamin Hellweg, Principal Hyperion Homes
Mitch Siegler, Managing Director Pathfinder Funds
Curt Schade, President and COO Pretium Partners, LLC
Danny Kattan, Director Property Investment Advisors
9:15
Assessing the Changes in the Local Housing
Markets When the Aggregators Come to
Town(n3)
• Lifecycle of a market • Economic recovery vs. competition
for fewer properties in market • Are mini bubbles forming?
• What will happen when everyone looks to sell? • Are
auctions the choice for aggregators? Are prices being bid
up for this channel? How does this impact other channels?
• Is there still a foreclosure discount or REO Haircut
• Foreclosures… How much are left?
Panel Participants:
Victor Naar, CEO CastleRock REO
Alex Sifakis, President JWB Real Estate Capital
Bruce McNeilage, Managing Member Kinloch Partners, LLC
Art Bartholomew, Principal Walnut Street Capital
10:00 Refreshments Courtesy of the Gold Sponsors
Please Choose Track A or B
10:30a 5 Markets 45 Minutes… The Major Markets
Each speaker will address 1 single market, it’s critical factors
dynamics including pricing, cap rates, competition, how many
foreclosures are left, investability and what inning the market is in.
Arizona, Central/Northern Florida, Atlanta;
Lance Popp, President Residential Capital Management
Chicago:
Eric P. Workman, Vice President of Sales and Marketing The
Mack Companies
Southern California:
Roger Faulkner, CEO RBD Ventures
Southern Florida:
Jonathan Shechtman, Portfolio Manager Axonic Capital
Texas:
Phillip Carter, President Texas Cash Cow Investments
10:30b
Goin’ Mobile… Evaluating the Latest in Mobile
Technology
• Property management • What analytics need to be present?
Which ones do you use? • Vendors tapping into your
system • Accounting tax tracking • Workflow and task
management • Accessing and storing customer electronic
forms and documents • Automating the payment function
• Security in an age of increasing cyber crime • Won’t get
fooled again… What didn’t work in a mobile environment
Session Chair:
Bradley Trapnell, SVP Business Development
Panel Participants:
Todd Katler, CEO Anyone Home, Inc.
Justin Allen, National Sales Director AppFolio
Colin Wiel, Chief Investment Officer
Starwood Waypoint Residential Trust
11:15a
What is your Overall Acquisition Strategy?
Traditional vs. Alternative Sourcing
• Cost in your home vs. new territory • Which markets
are bank purchase over? • Exit: Flip vs. Enter hold • NPL
purchases from the government and banks • Second liens
• Retail channel evolution • Working with municipalities
• Tax foreclosures • Master neighborhood concept • Local
partner model vs. buying smaller operators •The technology
behind your decisions • Dispositions strategies 2015
• Alternative single family assets • The long and short of short
sales • Build-to-rent… A viable strategy?
Panel Participants:
Lew S. Schulman, President Builders of Hope
Kenneth Channell, Co-President HomeVestors of America
Gregory Rand, CEO OwnAmerica
Mike Soni, Senior Advisor-Investments Reven Housing REIT

11:15b
Maintaining Asset Value and Making the
Operations Side Work: What are the Key
Operating Metrics Expense Benchmarks you
Must Know? How Much does it Cost me to Run
the Business?
• How much does it cost to run your business in your home
territory vs. your new territory? • Financial risk management
• Neighborhood development Property preservation best
practices after the purchase, before the renter moves in
• Class “A” vs. “C” units • Operation numbers you should
know • Outsourcing vs. in-house • Rehab maintenance
• Rent the tenant • People and soft costs of different
approaches • How many employees per 100 houses are
needed? • Cost of vacancy and rehab • Working with the
municipality/ tax disputes • How many tenants can I expect
not to pay rent? • Net operating income expectations
• Managing/modeling rental costs • Accouting and reporting
Panel Participants:
Lisamarie Schmidt, Owner/Principal Broker
Atlantis CMS Realty Group
Cheryl Lang, President CEO Integrated Mortgage Solutions
Blair Schrum, CEO SES Insurance Brokerage Services, Inc.
Jordan Kavana, CEO Transcendent Investment Management
12:00a
Rehabbing Properties, On-going Maintenance
Managing Construction Crews
• Rehab standards • Repair budget: Rent vs. flip • Managing
short-term employees effectively • Expected hold time and
it’s impact on renovation • Different strategies and business
models • Technology used… Are you utilizing smart phone/
mobile technology for your field crews • Insuring quality and
accurate due diligence reviews • Metrics used to assist clients
decipher rehab costs • Ensuring a standard and consistent
level of quality in rehabs • Managing the late night/weekend
emergency calls • Property preservation • Your biggest
challenge…
Session Chair:
Lynn Effinger, Executive Vice President ZVN Properties Inc.
Panel Participants:
Steven Helser, COO Asons
Jim Pike, Senior Vice President-Client Operations
Assurant Field Asset Services
Micheal Breese, Chief Executive Officer
James L. Kendrick, Kendrick Properties
Jonathan Zilber, Director MFS Supply
Sam Tucci, Manager of Business Development
US Best Repair Service
12:00b
Buying Notes, Notes-to-Rental, Foreclosure vs.
Rehabbing the Owner(2-3)
• Buying 2nd liens • Pricing… Today and tomorrow • What
kind of licensing do you need? • Regulations you need to be
concerned with • The servicing side • Acquisition methods
• Issues surrounding foreclosure • Emptying the property
• Would you consider the former owner as a rent-paying
tenant? • Buying from banks vs. servicers
Panel Participants:
Ron McMahan, CEO American Mortgage Investment Partners
Randy Appleyard, Director–Portfolio Manager
BlackRock Solutions
Sean Galaise, Director National Asset Direct/iServe
Rudy Orman, Senior Vice President
Residential Credit Solutions, Inc.
Peter Slagowitz, CEO Spurs Capital
Scott Schultz, Managing Director 25 Capital Partners;
1:00
Luncheon Courtesy of
Featuring Geography Based Roundtables (Arizona, Atlanta, The Carolinas
Central/Northern Florida, Chicago, Northeast, Southern Cal, Southern
Florida, Texas)
You will have the opportunity to lunch with those involved with or investing
in the above markets. Registration will be the morning of day 1.
2:00a
Securitized Bond Investment Plenary: Getting
Past Operational Risk, Inexperienced Property
Managers and a Lack of Historical Data
• Relative value vs. other fixed-income, mortgage and real
estate investments • What did you think of the Blackstone
deal? • Rating agency guidance • What does the market need
to do? • Deal structure and pricing… Any issues? • Is liquidity
a concern? • Looking at other new asset class development,
their growth and growing pains • What do you see as the
market risk • What do you see as AAA vs. What was AAA
• Management evaluation and key operational factors of the
sponsor to consider • Comparing vs. multifamily and other
assets • Early thoughts on the performance of existing bonds
Panel Participants:
Carl D. Bell, Deputy Chief Investment Officer
Amundi Smith Breeden
Navneet Agarwal, Managing Director-Structured Finance Group
Moodys Investors Services
Vishwanath Tirupattur, Director of Securitized Research
Morgan Stanley
Becky Cao, Managing Director-RMBS
Zvi Gillon, Managing Member Rion Capital
2:00b Fix Flip… Back and Better than Ever?
• Programs beyond the hard $$ lender • How much to
repair? • Repair budget: Rent vs. flip • If you had access to
more capital would you aggregate? • Identifying the flip buyer
• Upfront discount vs. gross yields • Is the foreclosure auction
the best place to find product today? • Are you considering
buy and hold? • Who are you selling to? • Finding financing
and their terms • Profit margin • Can you make flipping work
in an environment of no price growth
Session Chair:
John Helmick, CEO Gorilla Capital
Panel Participants:
Earl Crouse, Director of Acquisitions Blue Mountain Homes, LLC
Ben Brunson, Senior Vice President-Operations HomeStar
Property Solutions
Brian Minghan, CEO National Real Estate Solutions
Bruce Bartlett, Managing Partner Sequoia Real Estate Partners

2:45a
5 Markets 45 Minutes… The Secondary
Markets(n3)
Looking for value-added opportunities… Many believe secondary
markets are the place to be… Each speaker will address 1 single
market, it’s dynamics and investability. Please suggest the market
you would like to address
Cincinnati, Dayton, Columbus:
Tom Silvia, Partner Vinebrook Homes
Jacksonville:
Alex Sifakis, President JWB Real Estate Capital
Martin, Palm Beach, St. Lucie County Florida:
Art Bartholomew, Principal Walnut Street Capital•
Memphis:
Kevin Conlon, Principal Meridian Pacific Properties
Reno:
Rick Liebman, Chief Investment Officer
High Rock Land Company, LLC
2:45b
Acquiring Managing for Investors
Cannot compete with the REITs and Large Funds on price? This
session will discuss “if you can’t beat them, join them” approach
of working with them on acquisitions and property management.
Discussion will include…
• Landing the contract: What did it take? • Working with
private equity firms: Keys to success • Structure of deal • How
much can you make per key? • Buying for your own account
while working for the man… Can you make it work?
Session Chair:
James L. Breitenstein, Chief Executive Officer Landsmith
Panel Participants:
Eli Shaashua, Managing Director Red Granite Capital
Gines Arnau, Managing Director-Managed Funds
Strategic Acquisitions, Inc.
3:30 Refreshments Courtesy of:

4:00a Hard Money
• Financing available for the fix and flippers • Asset value?
Credit score? How do you evaluate your potential customer?
• Rehab financing • Competing as traditional lenders go
downstream • Interest rates, terms and structures vs.
traditional lenders • How are the customers evaluated? Value
of the asset? Credit score? • Mezzanine availability
Panel Participants:
Corey Schwartz, Fund Manager Serinova Financial, LLC
Gene Clark, President 5 Arches LLC
a representative from First Key Lending;
4:00b
Public REIT Buyer Panel… Financial Advisors,
Fund Managers Analysts Looking at the
Market(2)
• Comparing the public vs. private markets • Current
valuation and its attractiveness • Is the average Joe interested
in the story? • Debt vs. equity investments • Are REITs the
best structure? • Long term strategy or a short term trade?
• Should a public vehicle focus on current cash flow or
potential capital appreciation? • What is a realistic FFO and
dividend yield target? • Internal vs. external management …
How much should an investor pay for internal management?
• What is the minimum size of a public vehicle to make the
strategy economical? • Your view on the success or failure
of the existing companies which have gone public • With
some public single family REITs trading at discount to market
book value, what is the end game? • REIT structure rehab
and disposal challenges • Ideal leverage rate • Impact of
higher cost of debt vs. other income properties Will this cost
continue to come down? •What is your favorite single family
REIT stock pick and why
Panel Participants:
Peter Martin, Managing Director-Equity Research
JMP Securities
Anthony Paolone, Executive Director-Americas Equity Research
J.P. Morgan
James Graff, Managing Director Raymond James Associates
4:45a Managing your Tenants
• Problem tenant management • Managing problem tenants
• Eviction policy • Phone menus and the call center
approach • The ‘hood vs. the suburbs • Training your
tenants • Contractual incentives and disincentives • Behavior
modification • Repair time goals vs. reality • Evaluating your
local property manager • New tenant-landlord law issues
Session Chair:
Christopher J. Crippen, Fund Manager
Panel Participants:
Yanir Ram, CFO DRI Holdings
Richard Koch, Senior Vice President, Operational Risk Assessments
Stephen Rosenburgh, President CEO US Developments
4:45b
Financing Middle Market Rental Loans:
Strategies to Build Your Portfolio
Jeff Tennyson, B2R
5:30 Networking Reception Courtesy of:
6:30 Day Two Concludes

7:30
Breakfast is served for pre-conference attendees courtesy of:
7:45
Buying Notes 101… A Preconference Tutorial
(open to all)
The courthouse steps becoming more crowded? REO pricing
becoming too competitive? Don’t want to deal with toilets and
tenants?. As the single family REO market dries up many are
succeeding in note purchases This discussion will focus on the
key investment, operational and risk issues you should consider.
(Interested in leading the discussion?)
Discussion Leaders:
Jeff Drott, Managing Director MountainView Capital Holdings
Louis Amaya, Chief Investment Officer NS Capital Management
8:00 Breakfast is served courtesy of:
8:30
Note Buyer Joint Ventures with Investment
Firms and Servicers
• What are the structures? Terms? • From the $$ partner
perspective… From the deal finder partner perspective
• Agreeing on purchase parameters • Exit strategy • Making
breaking up not hard to do • How did you evaluate your
partners?
Panel Participants:
Doug Smith, Portfolio Manager
Castle Rock Commercial Acquisitions
Ben Bazer, President Gorilla Capital
Anand Patel, President Kajaine Capital
Bill Bymel, President RSI Asset Management, LLC
Ryan McFarland, Managing Partner US Invest
9:15 The Complete Borrower Experience: Evaluating
Processes and Requirements to Obtain
Financing
Tim Herriage, B2R
10:00
Hold vs. Sell… What will your Strategy be for
the Rest of 2014? Why?
• Has price appreciation reached your target level?
• Promote-driven players • Impact of type and rate of
financing •Will you be able to sell at a higher price should
they want to exit in the near term, as prices are still rising vs.
will you benefit from rents that are climbing as inventory falls?
• Portfolio rebalancing • Will there be appreciation due to
the lack of housing built during the crash? Will this result in
higher prices?
Session Chair:
Haendel E. St. Juste, Executive Director Morgan Stanley
Panel Participants:
Gregory Rand, CEO OwnAmerica; LLC
Howard Steinberg, Co-Founder Revest Asset Management
Dan Bathon, President Vinebrook Homes
10:45 Refreshments are served courtesy of Silver Sponsors
11:45 Disposition Strategies 2015
• Web sites and brokers… Can you sell occupied properties
through traditional means? • Selling to foreign buyers…
What are the issues? • Key due diligence to include in package
• Are you allowing portfolio cherry picking? • Using renters
in your disposition strategy Acquisition Technology, Due
Diligence Valuation
Panel Participants:
Jorge Newbery, Founder CEO
American Homeowner Preservation
a representative from Deutsche Bank
Jenni Ruiz, Principal Broker and Co-owner JS RUIZ Realty Inc.
Gregory Rand, CEO OwnAmerica
12:30
Local Operators Survival Guide: Buy and Hold,
Fix and Flip, Open your Own Fund, vs. Buying
for Others
• Going from friends and family to institutional capital…
What is needed to be done? • Selling your infrastructure to
others… How much $$ can you make doing it? • Should I
go into the ‘hood? Going where institutional buyers aren’t
• Recent Freddie and Fannie initiatives targeting small firms
Panel Participants:
Jack Bevier, Partner The Dominion Group
Tyler Wine, Acquisition Manager Real Deal Advisors, Inc.
Brett Moore, Director Residential Dynamics Group LLC
Marty Boardman, Chief Financial Officer
Rising Sun Capital Group
Samuel Shin, Principal WS Vested
1:15
IMN’s Single Family Aggregation: REO-to-Rental Conference
Concludes
Program Agenda Day Three

5
Registration Type Price
Early Bird Single Family Buyer/Investor/Operator*
(Expires April 14, 2014) $1,595
Standard Single Family Buyer/Investor/Operator* $1,795
Service Provider - Early Bird Registration
(Expires April 14, 2014) $2,195
Standard Registration $2,395
On-Site Registration Rate $2,495
*Subject to IMN’s final approval, based on due diligence of all registrants. Eligible
for those who act exclusively as Buyers/Investors/Operators of SFR. Those
affiliated towards other business lines (lending, brokerage, property management,
etc.) or conduct third party services are ineligible for this rate. No exceptions will
be made. Contact Steve Glener at SGlener@imn.org to see if you qualify.
Corporate Sponsorships and Forum Exhibits:
A limited amount of speaking and exhibiting opportunities and food
beverage event sponsorships are still available.
For more information, please call Andy Melvin at 212-901-0542 or email
amelvin@imn.org.
Venue
Boca Raton Resort and Club
501 East Camino Real Boca Raton, Florida 33432-6127 USA
Phone: 561-447-3000
Fax: 561-447-3183
Website: http://www.bocaresort.com
WORLD WIDE WEB:
http://www.imn.org/sfa14
IMN Offers Convenient Ways to Register
Registration Information
Website email advertising
IMN’s Mobile Website
Wifi
•
Conference microsite leader board banner on main mobile website
•
DirectConnect tower banner on website emails
•
Audio recordings leader board banner on website, tower banner on email
•
Wifi splash page banner
• Wifi business card handout
IMN is rolling out three new exclusive
digital advertising/branding opportunities:
•
Request to connect with
Conference Attendees
• Send emails from My Account
• View presentations in the Agenda
•
Find functionality for fast
information access
•
Paperless and great for the
environment
Email:
hotline@imn.org
TELEPHONE:
+1 212-224-3428
9:00 a.m. - 5:00 p.m. US Eastern Time
Monday-Friday
For more information and pricing, please contact your IMN sales representative or
James Stark, Digital Advertising, jstark@imn.org * T: +1 646-322-2124

http://www.imn.org/sfa14
(Agenda Is Updated Daily Online)
225 Park Avenue South, 7th Floor
New York, NY 10003
Return Service Requested

IMN

Recommended

Recommended

More Related Content

What's hot

What's hot (19)

Viewers also liked

Viewers also liked (6)

Similar to IMN

Similar to IMN (20)

IMN