Attendance limits: Please note, owing to demand and space constraints, no more than two attendees will be allowed per investment manager or underwriting member.
Registration fee: $225
AGENDA
The Legal, Compliance & Risk Committee is hard at work putting together a robust and interactive agenda. Check back here for more details.
Wednesday, Nov. 5
Meeting Location: 123 North Wacker Drive, Floor 30, Chicago, IL 60606
- Time: 12:00pm-5:30pm CT
Networking Dinner Location: TBD
- Time: 6:00pm-9:00pm CT
12:00pm Attendee arrivals and lunch
12:50pm NAREIM Welcome Comments, Legal Compliance & Risk Committee Update
NAREIM's Legal, Compliance & Risk committee chairs will provide a short update on the industry, as well as key issues to be addressed throughout the day.
Co-Chairs:
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Stephanie Shack, Senior Vice President & General Counsel, Continental Realty Corporation
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Todd Joseph, Senior Vice President, Chief Compliance Officer, Waterton
NAREIM:
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Marynia Kruk, Meeting Producer
12:55 Attendee Introductions
To help facilitate connections, each attendee will be invited to briefly introduce themselves by stating their name and the organization they represent.
1:00pm AI Early Adopters & Luddites: Where Is Your Firm In The Journey? Where Are You, Personally?
Where are you finding value in AI and which tools are you using? What kinds of prompts are you finding to be effective? How do you ensure “good data” is going in? In this live-polling-driven session, GCs, CCOs and CROs will deep dive into best practices for establishing AI governance frameworks and share use cases, tips, tricks, and lifehacks for both firm-wide and personal applications of AI that have worked for them.
Session leaders:
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Kimberly Versace, Chief Compliance Officer, National Real Estate Advisors
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Lillith Shilton, Associate General Counsel, Real Estate, New York Life Real Estate Investors
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Jason Kerr, Chief Compliance Officer & General Counsel, Torchlight Investors
2:00pm Co-Investments & 506(c): Opportunities Amid Challenges
Fundraising is evolving — are your strategies keeping up? With new SEC guidance decluttering the path for 506(c) and co-investments on the rise, this workshop tackles the real-world choices facing firms. We’ll break down trade-offs between 506(b) and 506(c), explore creative co-investment structures, and consider the operational and legal hurdles of both.
Session leaders:
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Katie Maher, Vice President, Compliance, Cabot Properties
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Stephanie Shack, Senior Vice President & General Counsel, Continental Realty Corporation
2:45pm Break
3:00pm Conflicts & Allocation of Opportunity
How do managers navigate investment allocations across a diverse client base? What happens when co-investments and expense allocations raise questions of fairness and transparency? Can firms effectively manage both public and private real estate without conflict? This session explores these challenges and the governance tools that help mitigate them.
Session leaders:
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Anthony Conte, Chief Compliance Office, PGIM Real Estate
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Jeff Jacobs, Chief Legal Officer, PGIM Real Estate
3:45pm Managing Regulatory Risk in an Uncertain Environment: Best Practices for Navigating SEC Expectations
A discussion of SEC regulatory changes with an emphasis on Regulation S-P, what remains of the Corporate Transparency Act, and what remains of the AML Rule. We will review SEC examination best practices and explore challenges compliance teams face in this regulatory environment.
Session leaders:
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Melinda Brothers, Vice President & Assistant General Counsel, Berkshire Residential
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Marc Leiding, Vice President, Compliance, Carmel Partners
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Molly Nelson, Senior Vice President, Head of Compliance & Deputy General Counsel, Compliance, Heitman
4:30pm Break
4:45pm What's On Your Mind
Open mic forum for attendees to discuss timely issues with their peers.
Session leaders:
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Penn Stabler, Senior Vice President, Clarion Partners
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Todd Joseph, Senior Vice President, Chief Compliance Officer, Waterton
5:30pm End of Meeting
6:00pm-9:00pm Networking Dinner: TBD
Feedback & Pictures from the 2024 Legal, Compliance & Risk meeting
"Topics were excellent. External contributors were super knowledgeable and got into specifics, which is rare at conferences."
"It is incredibly helpful to hear from peers in the RE investment adviser space since issues are unique in many cases. The relatively small group made discussion easy."
"Substantive content, open forum, third-party experts in the room, top-notch peers, table/room formats."
"A massive thank you to all who organized the event, which was spot on in terms of important issues."
[It was helpful to hear] solutions across risks that peers are using for common challenges and why those solutions fit their business. [And making] considerations around whether the same fit applies to mine."
"The topics, particularly on performance reporting (with and without sub line usage) was very relevant and helpful."
LOCATION
123 North Wacker Drive
Floor 30
Chicago, IL 60606
Hotel
NAREIM does not have a room block for the Legal, Compliance & Risk Committee meeting. However the following hotels are located close to the meeting venue.
Nearby hotels:
La Quinta Inn & Suites by Wyndham Chicago Downtown
The LaSalle Chicago, Autograph Collection
Canopy by Hilton Chicago Central Loop
Hyatt Centric The Loop Chicago
Residence Inn by Marriott Chicago Downtown/Loop
2025 committee members
Co-Chair: Stephanie Shack, Continental Realty Corporation
Co-Chair: Todd Joseph, Waterton
Melinda Brothers, Berkshire Residential
Kathryn Maher, Cabot Properties
Marc Leiding, Carmel Partners
Penn Stabler, Clarion Partners
Molly Nelson & Chris Shapley, Heitman
Kimberly Versace, National Real Estate Advisors
Lillith Shilton & Alpesh Rathod, New York Life Real Estate Investors
Jeff Jacobs & Anthony Conte, PGIM Real Estate
Jason Kerr, Torchlight Investors
Past agendas
Eligibility to attend:
NAREIM meetings are open to NAREIM members only and their guests. For further information on attending meeting or other NAREIM discussions, please contact IvyLee Rosario, Head of Programs. Please note that any executive who is not a NAREIM member, guest of a member or working in the real estate investment management industry will not be admitted to NAREIM events. NAREIM reserves the right to decline any registration. By registering for NAREIM events, you are consenting to NAREIM’s privacy policy.