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Deloitte’s 2016 Real Estate Industry UpdateBreakthrough trends. Forward-looking insights.Phoenix, AZDecember 9, 2016
Welcome to Deloitte’s 2016 real estate industry updateThe real estate industry has been on quite a journey during the past decade. I always look forward to our industry update roadshow and this year is no exception. We will be taking our discussion to 12 cities across the country. There are many factors that will come into play as our industry moves forward into 2017 especially given this is an election year.
I look forward to kicking off each event by moderating a panel of local real estate executives and listening to their views on the current state of the real estate industry. This year we are especially looking forward to hearing our panelists’ views on the election, current economy, technology and innovation
as well as other big issues affecting our industry.
My colleagues and I have prepared a great program for you this year. We are excited about our panel as well as hearing our national leadership team discuss accounting and tax updates for the industry. We look forward to your active participation and questions during our program today. If you would like to speak with one of our presenters following our event, please do so. Thank you again for joining us today. I hope you find our 2016 Real Estate Industry Update informative and insightful.
Bob O’BrienUS and Global Deloitte Real Estate LeaderDeloitte & Touche LLP+1 312 486 [email protected]
AgendaFriday, December 9
8:00 - 8:30 a.m. | Breakfast and registration8:30 - 8:35 a.m. | Welcome and introductions8:35 - 9:25 a.m. | Executive Real Estate panel9:25 - 10:05 a.m. | Tax update 10:05 - 10:20 a.m. | Break10:20 - 11:50 a.m. | Accounting and regulatory update11:50 - 12:00 p.m. | Wrap-up
Panelists
Chris Brozina is Executive Vice President of the Mark-Taylor Companies, responsible for the operational oversight, strategic planning and growth of the organization’s development, private equity and asset management businesses. Formerly, Chris served as Vice President of Mark-Taylor Development and participated in nearly $800 million in new development and nearly $100 million in site acquisition. Prior to Mark-Taylor, Chris was as an investment broker with CB Richard Ellis, where he transacted more than $1.59 billion in multifamily properties, consisting of 17,300 units in seven states and was part of one of the highest revenue-producing teams in CBRE’s national brokerage platform. Chris is a licensed Real Estate Broker in the state of Arizona and a member of the National Multihousing Council (NMHC) and Urban Land Institute (ULI). He graduated Summa Cum Laude from the University of Arizona.
Chris BrozinaExecutive Vice President Mark-Taylor Companies
Hilla Sferruzza, joined Meritage Homes Corporation in 2006 to serve as Corporate Controller, was named Chief Accounting Officer in 2010, Senior Vice President in 2013, and appointed to Executive Vice President and Chief Financial Officer in 2016. She oversees all finance, accounting, tax, investor relations and information technology functions for this top 10 public builder (NYSE:MTH).
Prior to joining Meritage, Hilla held various management positions with Starwood Hotels and Resorts Worldwide, Inc., KPMG and various private real-estate holding entities.Hilla obtained her Bachelor of Science in Business Administration from the University of Arizona and her Executive Masters of Business Administration from Washington State University graduating both Summa Cum Laude. She is also an active CPA and is involved as an administrator for several youth sports organizations in Phoenix.Hilla Sferruzza
Executive Vice President and Chief Financial OfficerMeritage Homes
Bob O'Brien serves as the Global and US Real Estate Industry Sector Leader for Deloitte, where Bob works with the Deloitte’s real estate professionals in the US and globally to leverage Deloitte’s deep industry expertise across consulting, tax, audit, enterprise risk, and financial advisory services. He has over 30 years of public accounting and transaction experience serving publicly held and privately held clients in various industries, with a focus on the real estate and hospitality industries. Bob has worked with some of the world’s largest public REITs, private equity real estate funds and hospitality companies.
Bob O'BrienUS and Global Deloitte Real Estate LeaderDeloitte & Touche [email protected]
Bob Weston is the Chief Financial Officer of Alliance Residential Company and leads capital markets strategy related to the firm’s investments. Additionally, he has oversight over the company’s financial administration and risk management activities. Prior to assuming the CFO position, Mr. Weston was the Managing Director of the Southeast Division for Alliance, where he was responsible for sourcing and executing new development opportunities in Georgia, Tennessee and North and South Carolina. He has also held various roles within the real estate group at SunTrust Bank, most recently serving as senior credit officer for the special assets division in Georgia and Tennessee. Mr. Weston received a Bachelor of Arts degree from Washington & Lee University and a Masters of Business Administration from Emory University, where he graduated with honors. He is an active member of the National Multi-Housing Council and the Urban Land Institute, where he serves on the Multifamily Bronze Council.Bob Weston
Chief Financial OfficerAlliance Residential Company
PresentersAaron has more than 19 years of public accounting and industry experience. He primarily serves larger public and private clients in the real estate industry, including extensive experience with acquisitions and SEC transactions. Over the past year, he has also successfully led our transition process for two new audit engagements in the Phoenix office, including both a public and private entity. He also serves as a local and regional leader in our real estate group.
Aaron CraftPartnerDeloitte & Touche [email protected]
Chris Dubrowski is the immediate past director of professional practice for Deloitte’s national Real Estate Services practice. In this role, he assists clients and engagement teams around the country in identifying and resolving real estate-related technical accounting and auditing issues and participates in establishing firm positions on emerging accounting issues.
Chris DubrowskiPartner, Real Estate Industry Professional Practice DirectorDeloitte & Touche [email protected]
Wyn is the national director of professional practice for Deloitte’s national real estate practice. In his role, he assists clients and engagement teams around the country in identifying and resolving real estate-related technical issues and participates in establishing Firm positions on emerging accounting issues. He has over 24 years of public accounting and transaction experience in the areas of initial public offerings, second offerings, acquisitions, Rule 3-14 and 3-05 audits and dispositions. Wyn graduated from the University of Texas in Austin with a double major in Accounting and Real Estate and Urban Land Development. He has both a Texas CPA license and a Texas Real Estate Broker license.
G. Wyndham Smith, Jr.Partner, Real Estate Industry Professional Practice DirectorDeloitte & Touche [email protected]
Alex is currently in a management development program in which he assists Deloitte’s Real Estate Industry Professional Practice Director. His role includes presenting on emerging real estate accounting issues, developing and communicating Deloitte’s industry positions on accounting and auditing matters, and serving as a consultation resource for Deloitte clients and professionals.
Alex is in his seventh year at Deloitte, and prior to his current role, he served on audit engagements of real estate companies in Chicago. His experience includes focusing on fair value measurements relating to impairments, acquisition accounting and purchase price allocation, development accounting, debt restructurings, private company reporting, and public company filings.
Alex BraserManagerDeloitte & Touche [email protected]
David Sanders has over 24 years of public accounting experience and currently leads the Real Estate industry team for Deloitte Tax LLP’s Houston office. He serves a variety of real estate companies including publicly traded REITs and private operating companies.
David also leads the Private Company Services practice for the Texas market which focuses on serving private companies and growth oriented businesses. He focuses on developing leading edge ideas and leads teams that deliver a broad range of compliance services. He is a frequent speaker to many professional organizations including the National Association of Real Estate Companies.
David SandersPartner Deloitte Tax [email protected]
Notes
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a detailed description of DTTL and its member firms. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. © 2016 Deloitte Development LLC. All rights reserved. Member of Deloitte Touche Tohmatsu Limited
