Welcome Annual Conference & Trade Show 2013 It is our great pleasure to welcome you to Las Vegas and to another great RIESA event—our 2013 Annual Conference. This is our 10th Anniversary, and we are proud to share it with you! With over 45 sessions and plenty of networking opportunities, we aim to provide you with the tools and access to grow both personally and professionally. We have a great lineup, which includes new content, hot topics and meaningful information. Here are a few features we feel you should note: • Keynote speakers Oliver North and NBA All-Star Grant Hill • Many sessions will touch on the new regulatory developments, and some sessions will do this in-depth. Look closely at the Legislative & Regulatory session line-ups to make sure you take advantage of this information. • For Advisors, we have added several dedicated sessions, including a number of top producers providing insight into how they build their business and assist their clients. • Our BDAC (Broker-Dealer Advisory Council) meets Tuesday with a FINRA representative • New Members have a special get together at the beginning of Monday’s lunch • Attend one of REISA’s committee meetings on Monday during lunch, and learn how to become more involved in your association’s planning Whether you’ve been with REISA at all 10 of our annual events or you are relatively new to our family, this year’s program truly has something for everyone. REISA’s conference reputation continues to grow as the “go-to” events for everyone in our industry. Attendance continues to rise with more than 150 broker-dealer firms and over 800 participants. As a result, all of our exhibits for 2013 were sold out with more than 70 companies/firms exhibiting this year. So, if you’re a sponsor or affiliate planning for 2014, you should move your plans forward for next year now. Putting an event like this together involves a lot of effort and people. Our cast of volunteer program participants has dedicated significant time and resources to ensure you receive the highest quality programming available in the industry. Our core team of more than 40 industry leaders, making up our Conference Planning Committee, aims to provide fresh ideas and relevant content at this conference and in the future.

Daniel Oschin Conference Planning Committee Co-Chair

Bill Winn ValueRock Equity Realty Partners Conference Planning Committee Co-Chair

We wish you a great conference experience.

REISA Annual Conference & Trade Show 2013

1

Contents Annual Conference & Trade Show 2013 Welcome........................................................................................ 1 Planning Committee & Staff.............................................. 3 Executive Officers & Board of Directors.................... 4 New REISA Memebers......................................................... 5 Conference Agenda............................................................... 7 Hotel Map....................................................................................23 Exhibitors & Exhibit Hall.....................................................24 Keynote Speakers.................................................................25 Speaker Biographies............................................................27 Diamond Sponsors................................................................53 Platinum Sponsors................................................................59 Gold Sponsors..........................................................................79 Silver Sponsors........................................................................97 Additional Sponsors.............................................................98 Media Partnerships............................................................100 Notes............................................................................................102

2

REISA Annual Conference & Trade Show 2013

Planning Committee & Staff Daniel Oschin

Mike Hasson

Marc Slavny

Andre Hatibi

Snyder Kearney

Conference Planning Committee Co-Chair Session Coordinator

United Development Funding

Bill Winn

Realty Capital Securities

ValueRock Equity Realty Partners Conference Planning Committee Co-Chair Session Coordinator

Randy Anderson

BlueRock Session Coordinator

Mike Bendix

DFPG Investments Session Coordinator

Tony Chereso

United Development Funding Session Coordinator

Pierre Hilario Kevin Hull

Angela Strauss

Hull Evans & Kob Session Coordinator

Lee Iredell

Realty Capital Securities

Kamal Jafarnia

Alston & Bird Session Coordinator

John Kearney

Bluerock Real Estate Session Coordinator

Eric Fischgrund

United Realty Partners Session Coordinator

Michael Fugler

Euro Financial Session Coordinator

Amy Giannamore

NorthStar Realty Finance Corporation Session Coordinator

Brad Updike

Mark Kosanke

Thomas Voekler

Greg Mausz

Cape Securities Session Coordinator

Michelle McLarty SC Distributors Session Coordinator

Paula Miterko

Miterko & Associates Session Coordinator

DeVonna Murrin

Silber Bennett Financial Session Coordinator

Cory Neumiller

Capital Financial Services Session Coordinator

Derek O’Leary

DLA Piper Session Coordinator

ICON Securities

John Grady

Eric Perkins

Kaplan Voekler Cunningham & Frank Financial West Group

Dana Woodbury

Buttonwood Investment Services Session Coordinator

Dustin Zachmeyer

Griffin Capital Session Coordinator

Dave Laga

DFPG Investments

Matt Malone Snyder Kearney

Derek Peterson

Scott Smith

Walton International Group Session Coordinator

FactRight

Alyson Harter

Michael Ponticello

IMS Securities

SQN Capital Corporation

Nick Schorsch

Realty Capital Securities

Education & Meetings Coordinator

Arent Fox

Barbara Halper

Kaplan Voekler Cunningham & Frank Session Coordinator

Tanisha Bibbs

Additional Session Coordinators Deborah Froling

Scott Sheehan

FactRight Session Coordinator

John Harrison

Executive Director/ Chief Executive Officer

Nancy Wilson

Perkins Law Session Coordinator

Realty Capital Securities Session Coordinator

REISA Staff

Tim Toole

Mick & Associates Session Coordinator

Dan Dean

Paul Dunn

Diversified Residential Group Session Coordinator

Snyder Kearney

Concorde Investment Services Session Coordinator

Franklin Square Capital Partners

Darryl Steinhause DLA Piper Session Coordinator

Richard Chess

John Dickens

Todd Snyder

Realty Capital Securities

Chess Law Firm Session Coordinator PREIT Capital

JP Turner

Jennifer Fitzgerald Director of Marketing

1031 Investment Services

Jackie Wadsworth Michael Weil

American Realty Capital

Tony Grego

Director of Business Development

REISA Annual Conference & Trade Show 2013

3

2013 Executives & Board of Directors

Michael Weil

Mark Kosanke

Thomas Voekler

Michael A. Bendix

Tony Chereso

Daniel Oschin

Randy Anderson PhD

Peter Blum

Deborah Froling

Hollis Greenlaw

Paul King

DeVonna Murrin

President American Realty Capital

Treasurer United Development Funding

Director Arent Fox

President-elect Concorde Investment Services

Immediate Past President

Director United Development Funding

Vice President Kaplan Voekler Cunningham & Frank

Director Bluerock Capital Markets

Director Centaurus Financial

Secretary DFPG Investments

Director Ladenburg Thalmann & Co.

Director Silber Bennett Financial

Ex-Officio Directors

Shimshon Plotkin Director Plotkin Financial

4

Brad Updike

Director Mick & Associates

REISA Annual Conference & Trade Show 2013

Darryl Steinhause

Legal Counsel DLA Piper

Bill Winn

ValueRock Equity Realty Partners

Welcome New REISA Members (As of 9/23/13)

Affiliate Firms FINRA - Financial Industry Regulatory Authority Great Lakes Fund Solutions Madison Realty Companies RME Roberts Properties Kafarski Equities Spotlight Marketing Communications Associate Firms 1031 Horizons Aaron Capital AIG Advisor Group Antonio Financial Group AOG Wealth Management BancorpSouth Investment Services BCJ Capital Management Bridgetown Financial Group Calton & Associates Cape Securities Clarity Financial Clearview Trading Advisors Commonwealth Financial Network Comprehensive Asset Management & Servicing Crown Capital Securities EDI Financial Gryphon Private Wealth Management Integrous Financial J.W. Cole Financial Jera Securities

Kearney-Burch Financial Services Liberty Planning Group (RH Buchanan & Co.) Maks Financial Services Moloney Securities Co . Newbridge Securities Corp Newcomb and Company Newport Coast Securities NMS Capital Securities Old Greenwich Partners Omegaone Advisors PTX Securities Quantum Synergies Ranieri Partners Asset Management RJL Wealth Management Saxony Securities Securities America Silber Bennett Financial (RIA) Sorrento Pacific Financial Stratos Wealth Partners The Capital Financial Group/H. Beck Transamerica Financial Advisors Sponsor Firms American Healthcare Investors Bradford Energy Capital Breitling Energy Diversified Residential Group Frontier Oilfield Services Payson Petroleum ValueRock Equity Realty Partners Vista Energy Resources Worth Investment Group

New REISA Members Robert Achurra John M. Albrecht Bryan K. Alexander Vincent K. Annable Andrew Bagnall Leslie Baker Kirk Balin Tom Barnes Sean C. Barrett Ty Bauer William Becker Henry A. Bedell Leonard Bettencourt John Brummett Steven Capozza Zachary Carey John Carlson Sue Carter Todd Carter Jeffrey S. Cederberg Richard B. Chess Richard M. Cochrane Richard W. Cohen John L. Cook Chris Cordoba Neil R. Crook Diana Davis Eric V. Davis Javier Delgado Chuck Denny Samuel Dodson Thomas N. Downey Anita Duncan Austin R. Dutton Norberto Fernandez Kristopher B. Field Ken Finnell Eric Fischgrund Michael Flammer Mike Fleming

Gary A. Glockzin Mark A. Good Jobie Gruber Fred Hamsayeh Kemp Hanley Miki Hashimoto Stuart B. Haw Jan Haynes Greg Heller Lambert Hermelink John E. Hoffman Timothy Holtz Shawn J. Hsieh Craig Hubler Travis Hudak Henry Jacocks Olivia Jamgotchian Casey Jensen Shirley Ju Fredrick Judkins Eric Kallal Steven Kamer Steven M. Katz Michael Kell Mitchell Kessler James D. Koesterer Stephen R. Kraakevik Nathan Kuhn Gregory Kushner David B. Levinson Alan Lichtman Bartholomew T. Mackler Matthew M. Mawdsley Jay D. McClellan Hunter H. McFarlin Paul J. Mershon Bahram Mirhashemi Kirby Morrison Anthony L. Musto William B. Nelson Adam R. Norris

REISA Annual Conference & Trade Show 2013

5

Annette O’Brien Angelo Ojeda Thomas R. Opsahl Sharon Opsahl Leslie Pappas Brian Pardo Christopher J. Passero Kerry W. Peoples Michael Portie Christopher A. Quarles Ray Reese

Beth Renge John R. Reven John D. Robinson Juan Carlos Rosario David Rottman Scot Sageser Scott C. Sandus Robert Schultz Valentino M. Scott Joseph Seiley

Robert Setser Lawrence Singleton Shawn C. Spellacy Larry J. Steckler Darryl L. Stephenson William A. Stetson Toni L. Sutherland Scott Sweat Andrew Topka Eric Trubacs

Gary Tsang Kozen E. Tsukamoto Eva Valentine Roger Vig Thomas Wall Denise Warren Stan T. Webb Steve Weinberger Jimmy D. White Henry Wong

New Member and First Time Attendee

WELCOME Monday, October 7 11:40am – Noon Emperors II

REISA invites all new members and first time attendees to enjoy a special champagne or sparkling water toast and a brief meet-and-greet to get acquainted with REISA.

6

REISA Annual Conference & Trade Show 2013

Agenda

Sunday, October 6, 2013

DPP - Direct Participation Program CE - Continuing Education

SUN 1:00pm – 1:50pm Palace I CE DPP

SUN 1:00pm – 1:50pm Palace II

Real Estate Boot Camp: The Real Estate Briefing Consider it basic training for your real estate brain. During this briefing you will: (i) receive a general overview of the real estate market; (ii) understand how economic trends are impacting real estate; (iii) learn the benefits and risks of certain assets classes and geographic locations; (iv) find out about the different investment structures that are available to investors; and (V) see where real estate fits in a client’s investment portfolio. Moderator: John Isakson – Preferred Apartment Communities

AI Track: The Current Regulatory Environment Affecting Alternative Investments The regulatory environment surrounding alternative investments continues to evolve. FINRA, state and federal regulators continue to impose stringent oversight as a result of past events but at the same time approving rules permitting advertising in rule 506 offerings. This session will discuss the current regulatory landscape surrounding these developments, what sponsors, broker dealers and registered representative should know to navigate these obstacles. Moderator: Deborah Froling – Arent Fox Panelists: Lisa Tolar – Alabama Securities Commission; Heath Linsky – Morris Manning & Martin

SUN 1:00pm – 1:50pm Palace III

Legislative & Regulatory Topic: Surviving Your Next Audit or Inspection This session will feature prominent attorneys and compliance consultants. They will discuss steps that firms and their personnel can and should take now to maintain an optimal operating environment, as well as actions that firms need to take when they receive notice of a coming inspection. Panelists will also talk about the best way to handle issues of scope, length of exam and related issues, and how to handle an exam that seems to be veering off course or getting into non-pertinent issues. Moderator: Kevin Hull – Hull Evans & Kob Panelists: Kevin Bradburn – Orchard Securities; Clay Archey – TriCor Financial; Catherine Bowman – The Bowman Law Firm

SUN 2:00pm – 2:50pm Palace I

Real Estate Boot Camp: The Resurgence of the 1031 TIC/DST Market Following its peak in 2007, the 1031 TIC/DST market hit the proverbial floor in 2010 with just $170 million of equity raised.  Fast forward to 2013 and the 1031 TIC/DST market has seen significant year-over-year growth in terms of equity raising, the number of active sponsors and even some positive full-cycle events. This panel of experts will address many topics including: • What is contributing to this up-TIC in activity; • What lessons have been learned from the past; • Where can improvements still be made; • What’s the outlook for the future. Moderator: Tony Chereso – United Development Funding Panelists: Keith Lampi – Inland Private Capital Corporation; Marc Goldstein – Covington Realty Partners; Scott Sheehan – 1031 Investment Services

REISA Annual Conference & Trade Show 2013

7

SUN 2:00pm – 2:50pm Palace II CE DPP

SUN 2:00pm – 2:50pm Palace III

AI Track: What Has History Taught Us­— Who is Listening? Lessons learned­—This session will discuss takeaways from previous offerings and how product sponsors, due diligence and broker dealers have collaborated to improve the quality of these investment vehicles. Participants will gain a better understanding of the standards by which to assess various programs. Moderator: Jackie Wadsworth – IMS Securities Panelists: Trevor Gordon – Sandlapper Securities; Michael Ning – Arque Capital; Fred Baernez – AOG Wealth Management; Joe Miller – Independent Financial Group

Legislative & Regulatory Topic: View from Washington – Capitol Hill to Rockville  This fall will see Congress tackle the debt ceiling, funding the government, raising revenues and balancing the budget.  The SEC has unleashed general solicitation and stymied bad actors. FINRA continues its push for regulation of DPPs.  Come hear what’s going on in Washington and what you can do to adjust your business to the changing landscape of Washington. Moderator: Deborah Froling – Arent Fox Presenter: Francis Grab – Washington Council Ernst & Young

SUN 3:00pm – 3:50pm Palace I CE DPP

SUN 3:00pm – 3:50pm Palace II CE DPP

SUN 3:00pm – 3:50pm Palace III CE

Real Estate Boot Camp: Understanding Cap Rates and Rates of Return The term “cap rate” is synonymous with investing in commercial real estate, but do you really understand what a cap rate is, how it is calculated and what impacts the direction of a cap rate?  How about rates of return? There are total returns, average annual returns, internal rates of return and more. This session will equip you with the knowledge necessary to be more than just a little dangerous when it comes to cap rates and rates of return. Presenter: Randy Anderson – Bluerock Real Estate

AI Track: Are They Truly Identical? Risk Assessment—There are a variety of risks associated with investing in alternative investments. The sponsor, investment strategy, structure and market factors are just a few. Advisors play a critical role in assessing which of the available programs are suitable for individual investors. Compounding these risks is the speculative nature of some of these investments. This interactive session take two seemingly similar offerings and break them down so participants can identify the unique risk characteristics of each program. Moderator: Scott Smith – FactRight Panelists: Mark Kosanke – Concorde Financial; Matt Fries - Questar; David Kelsey – Hamilton Point Investments

Legislative & Regulatory Topic: Going to Hearing: Developments in Arbitration This session will bring together top trial attorneys and experts who regularly appear for registered representatives and broker-dealer firms in FINRA arbitration proceedings and related civil court proceedings.  The discussion will focus on the arbitration process, trends in arbitration decisions, the composition of arbitration panels, cost savings, concurrent investigations and other “hot button” topics in financial industry dispute resolution. Moderator: Jeffrey S. Kob – Hull Evans & Kob Panelists: Brandon Reif – Winget Spadfora & Schwartzberg; Chad Weaver – Edgerton & Weaver; Barbara Halper – FR Consulting Services

8

REISA Annual Conference & Trade Show 2013

SUN 4:00pm – 4:50pm Palace I CE DPP

Real Estate Boot Camp: Tactical Analysis of Fees and Expenses They thrive in the footnotes, take shelter in the underlying documents and have you surrounded from the beginning of the offering to the end; they are program fees and expenses. During this training you will learn what to look for and where to find the various fees and expenses associated with REITs, private funds and 1031 TIC/DST programs. You will also see, through an interactive analysis, the impact of up-front, ongoing and backend fees and expenses on these programs. Even a 1.0% reduction can make a huge difference. Presenter: Dave Laga – DFPG Investments

SUN 4:00pm – 4:50pm Palace II

SUN 4:00pm – 4:50pm Palace III CE

AI Track: Navigating the Sales Mine Field This session will discuss sales and marketing strategies of successful advisors. We will look at how successful advisors have incorporated these products into their practices, navigate the regulatory issues and evaluate suitability issues related to alternative investment strategies. Moderator: John Grady – Realty Capital Securities Panelists: Taylor Garrett – Orchard Securities, Scott Smith – FactRight

Best Applied Research on Alternatives REISA is proud to present these latest papers, with important AND understandable conclusions, from among the top research in the Alternative Investment field: • Profitability of REIT Internalization Joshua Harris – University of Central Florida • The Case for Investing in Durable Income Sameer Jain – American Realty Capital Moderator: Randy Anderson – Bluerock Capital Markets

SUN 5:00pm–5:30pm Augustus V-VI

SUN 5:40pm–6:30pm Augustus V-VI

SUN 6:30pm–8:00pm Exhibit Hall

Conference Kickoff: Welcome and REISA Awards General Session I: Keynote Speaker Oliver North: “Investing in Your Future”

Cocktail Reception

REISA Annual Conference & Trade Show 2013

9

Monday, October 7, 2013 MON 7:30am–8:30pm Exhibit Hall MON 8:30am–9:40am Augustus V-VI

MON 9:50am – 10:40am Emperors I DPP

Breakfast Buffet General Session II: Stanger Update Session introduction by Diamond Sponsors American Realty Capital, Preferred Apartment Communities and Inland Real Estate Investment Kevin Gannon, Managing Director for Robert A. Stanger & Co., Inc., the company that brings you the Stanger Report, will provide a review of current market trends and the outlook for the non-traded REIT industry.

Fundamentals of DPPs This DPP Core Course will identify and discuss aspects of the typical offering structures and the corresponding related potential benefits and risks associated with investments in DPPs. The session will also include coverage of the investment process, including sales, suitability and required disclosures. Panelists will identify how certain rules and regulations apply to the various types of offerings and how due diligence can be critical in the process to identify potential risks. DPPs cover a wide variety of industry sectors, including real estate, energy, equipment and commercial debt; and they also have a low correlation with other securities and consequently can provide further portfolio diversification. DPP offerings are sold as restricted securities, and they can be risky investments, difficult to value, and illiquid. This session will also address the legal, tax and regulatory issues surrounding DPP offerings. Moderator: Greg Mausz – Cape Securities Panelists: Rob Kaplan – Kaplan Voekler Cunningham & Frank; Tony Chereso – United Development Funding

MON 9:50am – 10:40am Palace I CE

REIT Track: CIO Panel During the economic recovery period following the Credit Crisis, CIO’S have been able to pick and choose investments in a very favorable environment. The path ahead looks to be substantially more complex and challenging. • What are the most significant short term and long term portfolio challenges to the NTR/ BDC marketplace? • What effect will rising interest rates have on portfolio management? • Will distribution rates be increasing or decreasing? • Will concentration or lack thereof in certain CRE sectors/business sectors reduce or increase overall returns? • Will international investing become more prominent? Moderator: Matt Malone – Snyder Kearney Panelists: Don MacKinnon – American Realty Capital; Marc Feliciano – RREEF Management; David Rupert – Griffin Capital

10

REISA Annual Conference & Trade Show 2013

MON 9:50am – 10:40am Palace II CE

Tax & Product Structure Developments:  Where are the Landmines? This session will provide you with information concerning offering structure and securities compliance issues that often come up within the confines of energy alternative investment programs. In respect to energy program structures, the panel will initially discuss how certain energy programs are structured to address the tax planning and risk management objectives of investors and will also discuss  commonly observed problems that can jeopardize the marketed tax benefits if not addressed during the planning and due diligence phase of the offerings. This session will also address other securities compliance-related issues that can potentially affect the quality and compliance integrity of energy programs, such as common problems with marketing materials (or Rule 2210 compliance), investor voting rights issues, the proper handling of affiliate transactional authority, and to what extent the NASAA Guidelines should be utilized to structure investor rights within the confines of energy private placements. Moderator: Brad Updike – Mick & Associates Panelists: Wally Kunzman – Kunzman & Bollinger; Jack Hollander – Atlas Energy; Brett Evans – Hull Evans & Kob 

MON 9:50am – 10:40am Palace III

Marketing/Tech Topic: What is the Process for Developing Marketing Materials? How do both sponsors and broker dealers develop marketing literature, videos, etc.? Is content created in-house, then outsourced? Is the content determined by the sales team? How is the process managed from a compliance standpoint? Learn from a panel with hands on experience on television and radio, with articles published in newspapers and magazines, have developed video marketing for registered representatives, and distributed literature generated by sponsor/broker dealer/registered representatives. Learn what is needed to make the process effective with investors and acceptable to the regulators, along with your costs in time and money. A following session will be held on Tuesday at 9:50 am by Aubrey Morrow to detail how he built out his marketing program, with a particular focus on the use of radio. Moderator: Rick Chess – Chess Law Firm Panelists: Aubrey Morrow – Financial Designs; Mark Kosanke – Concorde Financial; Janice Ryan – Strategic Storage Trust

MON 10:50am – 11:40am Emperors I DPP

DPP Best Practices This DPP Core Course will review and discuss best practices with respect to Regulation D Private Placement Offerings and provide an outline of the key fundamental elements that should be considered and evaluated when contemplating and/or reviewing a private placement offering. Collectively, industry participants including issuers, sponsors, broker-dealers, registered representatives, investment advisors, attorneys, and thirdparty analysts can participate and play key roles by providing essential input on how to raise the standards by which these products are measured and how they can provide transparency to the investing public. Moderator: Derek Peterson – Walton International Group Panelists: Gail Schneck – FactRight Risk Management; Jordan Flebotte – ProEquities; Michael Miller – Sigma Financial & Sammons Securities

REISA Annual Conference & Trade Show 2013

11

MON 10:50am – 11:40am Palace I CE

REIT Track: What is the Future of Capital Raising for Both NTRs and BDCs? In the last year we have witnessed record levels of capital raising, an increased number of liquidity events, wire house and super-regionals entering the space and projections that sales in the years ahead will continue increase. What are the factors that could either propel or derail current momentum? • What might be the impact of valuation and statement pricing changes as currently proposed? • Will new product types appeal to the wire house advisors and RIAs, helping to create new channels of distribution? • Do we have a solutions for advisory Platforms that really work? • Which of the new product structures or share classes; Daily NAV REITs, Interval Funds will gain traction first? Moderator: Tim Toole – NorthStar Realty Securities Panelists: Mark Goldberg – Carey; Kevin Hart – Lightstone Capital Markets; Mark Earley – Hines Securities; Chris Stambaugh – DLA Piper

MON 10:50am – 11:40am Palace II CE DPP

Energy Product Marketing: Where to Find and How to Present the Opportunity As our October Conference coincides with the tax planning season of investors that generally participate in energy drilling programs, this session will provide education to attendees on the questions of what types of energy programs are suitable for certain investors and how a selling representative can intelligently use energy products to diversify their products and services. This panel will provide important instruction to attendees as to how these products should be marketed to their investors in terms of tax planning and risk education and how the expectations of the investors should be appropriately managed through the operating cycles of the programs. This panel will provide information to attendees as to the informational resources that are available to help educate brokerdealers, representatives, and advisors about various oil and gas assets. Finally, this panel will introduce some knowledge regarding how energy products can coincide with an investor’s income tax and estate tax planning objectives through FLPs and valuation discounts that might apply to family gifting situations.  Moderator: Zia Sabir – Mick & Assoicates Panelists: Randy Kenworthy – Coachman Energy, Brannon McPherson – MDS Energy, Chris Faulkner – Breitling Energy; Woody Soemantoro – Catalyst Energy

MON 10:50am – 11:40am Palace III

Marketing/Tech Topic: How Can Financial Advisors Use E-Mail Communication as an Effective Marketing Tool  E-mail communication is a proven means for reaching both current and potential clients, but all too many times, advisors are forced to work with third-party vendors who charge a lot without tangible results. What is the best way to create and maintain an e-mail distribution group? How are communications approved in a timely manner? What technologies are best used for distribution and monitoring? What are the best practices for achieving success and measuring results? Case studies and examples will be shown and reviewed so advisors can come away with a better understanding of how to create, maintain and achieve success with their own process. Moderator: Eric Fischgrund – United Realty Advisors Panelists: Mitch Morrison – Financial West; Melissa Wall – CNL; Rick Freidrichs – Financial Media Group

12

REISA Annual Conference & Trade Show 2013

MON 11:40am–1:40pm Exhibit Hall MON 11:40am–12:00pm Emperors II

Lunch New Member and First Time Attendee Welcome and Toast REISA invites all new members and first time attendees to enjoy a special champagne or sparkling water toast and a brief meet-andgreet to get acquainted with REISA.

MON 12:00pm–12:45pm Tarranto

MON 12:00pm–12:45pm Sicily MON 12:45pm–1:30pm Emperors II

MON 12:45pm–1:30pm Sicily

MON 1:40pm–2:40pm Augustus V-VI DPP

Conference Planning Committee Meeting Co-Chairs: Daniel Oschin; Bill Winn – ValueRock Equity Realty Partners

Ethics & Standards Committee Meeting Membership Committee Meeting Co-Chairs: Tony Chereso – United Development Funding; Lee Iredell – American Realty Capital

Legislative & Regulatory Committee Meeting Co-Chairs: Deborah Froling – Arent Fox; John Grady – Realty Securities Capital

General Session III General Solicitation Impact—Ramifications of the New Advertising Rules Session introduction by Platinum Sponsors Griffin Capital Corporation, Breitling Energy, Capital Square Realty Advisors and GWG Holdings The rules have changed and our industry will change with them. How will the new rules affect each of us? What are the challenges, issues and opportunities? Will broker-dealers and advisors be circumvented? How will companies like Funding Club change our marketplace, and what can or should we do about it? How can you position yourself to take advantage of this opportunity while protecting your business? Moderator: Daniel Oschin, CPC Co-Chair Panelists: Darryl Steinhause – DLA Piper; Rick Murphy – Berthel Fisher; Brian Conlon – Inland Securities Corporation; Tim Snodgrass – Axxcess Capital

REISA Annual Conference & Trade Show 2013

13

MON 2:50pm – 3:40pm Emperors I CE DPP

An In-Depth Look at DSTs With the recent up-swing in the real property market, investors are again looking for the investment opportunities that are Section 1031 friendly. The most popular current Section 1031 investment vehicle is the Delaware statutory trust. DSTs are tax-driven investment vehicles that have positive and challenging aspects. Our panel will provide an in-depth discussion of DSTs, including: • The tax rules related to DSTs • A summary of the different asset classes and whether the asset class is appropriate for a DST structure • Benefits and risks associated with an investment in a DST Moderator: Darryl Steinhause – DLA Piper Panelists: Daniel Cullen – Bryan Cave, Mike Bendix – DFPG Investments

MON 2:50pm – 3:40pm Palace I DPP

MON 2:50pm – 3:40pm Palace II DPP

BDC Evaluation & Metrics This session will examine key metrics and measures used to evaluate the performance of BDCs and explore key differentiators of BDC investment strategies. Topics discussed will include terms of dividend coverage, net investment income and sources and uses of leverage. We will provide guidance on evaluating the quality and sources of yield generated and attendees will be provided a checklist of guidelines for effective analysis and comparison. Moderator: Matt Malone – Snyder Kearney Panelists: Sean Connor – ICON Investment Corporation; Rob Hoffman – Franklin Square Capital Partners; Seth Taube – Sierra

Energy Product Performance: What Are the Hallmarks of Success? This session will introduce the hallmarks of successful oil and gas programs. In that regard, this panel will introduce you to the factors that drive successful performance within drilling and income programs and will discuss the characteristics of sponsors that have performed well for retail investors. This session also will discuss the importance of not only reviewing the sponsor’s prior performance track record presented in the offering materials, but in also reviewing the economic models and reserve evaluations of the offered oil and gas projects in an effort to determine the prospects of ongoing future economic success within the programs offered by such sponsors. In an effort to help attendees evaluate these programs for their product platforms in the future, this session will also discuss certain facts and circumstances that have  presented performance challenges within these programs historically. Moderator: Dana Woodbury – Buttonwood Investments Panelists: Michael Greer – Waveland Energy Partners; Gary Stair – Mewbourne Holdings; Brad Updike – Mick & Associates

MON 2:50pm – 3:40pm Palace III DPP

Marketing/Tech Topic: Your Digital World and Social Media This is your wake-up call and invitation to a presentation that you just do not want to miss! Hello? We now live in a digital world with social media as the primary means of digital communication. Our experts will guide you on the “how to” do what other leaders in our industry are doing, what’s working, what’s not; and real examples of content, actual posts, demonstrations on the importance of content and brand building. The present is LinkedIn, Facebook, Twitter, You Tube, but the future is visual storytelling- Instagram, Pinterest, Vine – Are you ready? Learn to: mine existing content; create new content; how to put it in the digital world to build your brand; prospect efficiently; and measure progress, achieving results and streamlining business. What’s in your toolbox? Come see what’s in ours and get ahead of the competition! Presenter: Amy McIlwain – Financial Social Media

14

REISA Annual Conference & Trade Show 2013

MON 3:40pm–4:10pm Emperors Foyer MON 4:10pm – 5:00pm Emperors I DPP

Break

Section 1031 Exchanges: Everything You Need to Know To Advise Your Clients Your client just sold their four-plex and asks you about doing a Section 1031 deferred exchange. Our panel will walk through the nuts and bolts of Section 1031 and provide registered representatives and other financial advisors with the tools that they need to discuss the deferred exchange options with their clients, including: • How does Section 1031 work from a technical standpoint? • What products are available to clients? • What are the benefits and risks associated with the different Section 1031 product types? • How do you determine if a client is suitable for a particular Section 1031 product? Moderator: Tom Voekler – Kaplan Voekler Cunningham & Frank Panelists: Brad Watt – Behringer Harvard; Josh Ungerecht – ExchangeRight; Scott Sheehan – 1031 Investment Services

MON 4:10pm – 5:00pm Palace I DPP

MON 4:10pm – 5:00pm Palace II

BDC Investing Throughout a Market Cycle This session will provide information on key elements of BDC investing during all phases of a market cycle IE: growth, contraction, recession, etc. Topics discussed will include how BDC sponsor can deliver yield in a rising interest rate environment, protect investor capital in a market downturn and remain a compelling option relative to other investment vehicles. Moderator: Martin Dozier – Alston & Bird Panelists: Charlie Kirven – CNL; Daniel Oschin; Kirk Michie – Triton Pacific

BD Topic: Marketing Supervision and Compliance—Regulatory Compliance  This session is geared for professionals in the broker-dealer industry who are focused on marketing and advertising reviews and regulatory compliance. These areas have become one of the most difficult and frustrating aspects of the compliance function. Governing rules and internal policies regulating the use of social media networking and other tools of modern communication can seem complex, vague, outdated, and unduly burdensome. Nonetheless, broker-dealers must continue to be vigilant in this area in order to minimize the risk of liability, fines, sanctions, and negative publicity that can result from a lack of compliance. Regulators undoubtedly are paying attention. This panel discussion will address: • What are broker-dealer firms currently doing internally to educate and monitor their reps on marketing rules and compliance? • What works, what doesn’t and why and how to apply today’s regulatory compliance rules to your firm’s marketing reviews.  • What social media tools are most popular in the broker-dealer industry and how are they being utilized? • How will the new Rule 506(c) impact broker-dealers and the way they interact with Regulation D sponsors? • Recent examples of broker-dealer fines and sanctions for violating applicable rules in this area. • The top three things to look for in an advertising compliance review Moderator: Eric Perkins – Perkins Law Panelists: Trevor Gordon – Sandlapper Securities; Joe Price – FINRA; Ryan Smith – DFPG Investments

REISA Annual Conference & Trade Show 2013

15

MON 4:10pm – 5:00pm Palace III

Marketing/Tech Topic: Compliance Review Workshop for Broker-Dealers and Advisors In this workshop, audience members will be grouped into teams and asked to review marketing literature and pick out compliance issues and what can be done to avoid regulator scrutiny. What contact information must be included on brochures? How do compliance submission timeline work regarding invitations/flyers? What can advisors provide to event organizers in terms of company and biographical information? Advisors attending this panel will learn through review and demonstration, improving their understanding, process and timeline for receiving approval for individual marketing and advertising tools. Moderator: Craig Gould – Cabot Lodge Securities Panelists: Jorge Villar – RME, Melinda LeGaye – MGL Consulting; Peter Dochinez – Trustmont Group

MON 5:10pm – 6:00pm Emperors I

Working-Out a TIC or DST Program Even though the real estate and financial markets have begun to recover, many investors are faced with TIC or DST investments that have to be worked-out. In many cases, loan maturities are forcing investors to refinance with lower debt levels than originally obtained. Work-outs involving TICs and DSTs have unique challenges that should be considered when structuring a resolution. Join our panel in discussing: • The challenges related to a work-out of a property owned by persons with low tax basis in the property • Options for moving forward—stand-alone roll-ups versus REITs • What to do when additional equity is needed • When is it appropriate to walk away and how do you want away in the best way Moderator: Bill Winn – ValueRock Equity Realty Partners Panelists: Lou Weller – Bryan Cave; Dan Zatloukal – Inland Private Capital Corporation

Direct Participation Professional The Direct Participation Professional (DPP) designation is designed to elevate professional standards, enhance individual performance, and recognize industry professionals in the securities industry who demonstrate the relevant knowledge of direct participation programs.

To get started on your DPP, go to www.reisa.org or call 866.353.8422 for more information.

16

REISA Annual Conference & Trade Show 2013

MON 5:10pm – 6:00pm Palace I DPP

MON 5:10pm – 6:00pm Palace II DPP

BDC Credit Market Overview  This session will examine the various investment strategies used by BDC sponsors.  Learn how you can diversify your BDC exposure and mitigate risk within your alternative investment portfolio. The panel will examine the various methods for generating yield for investors such as direct origination, buying into syndicated deals and purchasing debt in the secondary market.  Moderator: Gloria Nelund – TriLinc Global Panelists: Rob Hoffman – Franklin Square Capital Partners; Seth Taube – Sierra; Alex Wright – Apollo BD Topic: The Risk and Reward of Alternative Investments This session will provide insight on the challenges of determining risk and reward associated with alternative investments and how to make informative and responsible decisions. Broker dealers and RIA’s need to have practical knowledge and identifiable tools in order to determine the right risk and reward associated with alternative investments for their firm, their financial advisors and their clients. In this session the panelists will discuss setting the stage for evaluating both risk and reward. Whether you list the “pros and cons” or contemplate the “risks and rewards”, the underlying risk assessment techniques you utilize are fundamental to successful selection of an alternative investment. The panelists will discuss different methodologies for determining risk and reward and whether risk and reward should be viewed and analyzed separately and independently of each other. As the session panelists define risk and reward and how to weigh the risk of an investment against its reward; you will learn how to make the right decision that aligns with a client’s investment goals. Moderator: Todd Snyder – Snyder Kearney Panelists: Bob Seawright – Madison Avenue Securities; Dave Laga – DFPG Investments

MON 5:10pm – 6:00pm Palace III

Hot Topic : E&O Insurance Session A panel discussion between an E&O insurance carrier, defense attorney, a broker dealer, and an E&O insurance broker. Panel members will give their perspective on issues affecting E&O insurance coverage and costs related to the sale of alternative investments. The discussion will include the perspective of broker dealers who have decided not to carry E&O insurance and why. The panel will also discuss ways to be proactive in working together to avoid or mitigate issues. Examples of discussion points include: • An explanation of how insurance companies underwrite the risks of each member class • Ways to reduce exposure and premiums while optimizing coverage. • The reasons for and against carrying E&O insurance. • How to be proactive to mitigate any issues between broker dealers and registered representatives in avoiding and defending claims. • How to assist your attorney and insurance carrier in defending claims and optimizing coverage. Moderator: Barbara Halper – FactRight Panelists: Kathy Jacobson – Aon; Lilian Morvay – Catlin; Michael Schwartzberg – Winget, Spadafora & Schwartzberg; Robert Yu Loo – Whitehall-Parker Securities

MON 6:00pm–7:00pm Exhibit Hall

Cocktail Reception Sponsored by Breitling Energy

REISA Annual Conference & Trade Show 2013

17

Tuesday, October 8, 2013 TUE 7:30am–8:30am Exhibit Hall TUE 8:30am–9:40am Augustus V-VI

Buffet Breakfast General Session IV Legislative & Regulatory Topic: Legislative and Regulatory Update Session introduction by Platinum Sponsors Passco Companies, Atlas Energy and Moody National Companies This session will bring together industry experts and senior staff members from the principal regulators who will address important developments impacting the industry. Topics will include the private placement issues, the account statement rule, FINRA’s notice on advertising requirements for DPP & REIT sales materials and other important issues being addressed by legislative and regulatory bodies that directly affect the industry and its members. Moderator: John Grady – Realty Capital Securities Panelists: Joe Price – FINRA; Lisa Tolar – Alabama Securities Commission

TUE 9:50am – 10:40am Emperors I

TUE 9:50am – 10:40am Palace I

Broker-Dealers Only: Broker-Dealer Advisory Council Special Session The popular BDAC hosts this BD-only program with Joe Price from FINRA Moderator: Cory Neumiller – Capital Financial Services Guest Speaker: Joe Price – FINRA

Rep Topic: Talk is Cheap… or is It? From national broadcasts to local stations, talk radio is a powerful outlet for financial advisors. Many successful advisors have built exceptional practices through their visibility in the community. A veteran of talk radio will share the inside story. What are the economics? What are the right times… and wrong ones? How do you build an audience and how do you get the calls started? How do you partner with sponsors and local businesses? Presenter: Aubrey Morrow – Financial Designs

TUE 9:50am – 10:40am Palace II

18

Hot Topic: Sponsor Forum Up-to-date review and discussion of latest issues impacting sponsors of AI products and those involved in the sponsor distribution model. Panelists: Tom Jahncke – Passco; Kevin Shields – Griffin Capital; Michael Weil – American Realty Capital; Matthew Iak – U.S. Energy Development Corporation

REISA Annual Conference & Trade Show 2013

TUE 10:50am – 11:30am Emperors I DPP

BD Topic: Ongoing Due Diligence —The Purpose, Practice and Being Persistent  What is your obligation to conduct ongoing due diligence? How much due diligence is enough and does your obligation ever end? The issues surrounding the lack of ongoing due diligence have been cited by federal securities regulators in respect to a number of problematic offerings over the past couple of years. Accepting the fact that many private placement sponsors come into the retail channel with the best of intensions, it goes without saying that problems can sometimes arise during the course of an offering that cannot be known to the evaluating BD at the onset of the selling relationship. In some cases, the information we come across after the relationship has been established can prove fatal to the program’s prospects for future success. This session will provide you with insights from experienced professionals in the industry as to how broker dealers should approach their due diligence obligations after the initial selling relationship is established. The session will explore important questions such as: • What information should be reviewed of a sponsor after the relationship has been put in place; • How often should information be reviewed, during and after the offering period; • What you should do when you come across such problematic information during ongoing due diligence investigation; • What findings from the ongoing due diligence should be viewed as potentially problematic; • What can you do to help protect yourself when a sponsor stops providing access to information; and • When and how do you communicate to reps that there may be a problem Moderator: Paula Miterko – Miterko & Associates Panelists: Todd Snyder –Snyder Kearney; Andy Christofferson – Berthel Fisher; Rosemarie Leong – Sandlapper Securities

TUE 10:50am – 11:30am Palace I DPP

Rep Topic: Alt Diversification Recent announcements by several broker-dealers reflect concern about too much product concentration in client portfolios. Some advisors who use 20 or more mutual funds may only use 2 or 3 alt products. Challenged with the time it takes to understand and be able to explain many alt products, advisors are challenged to truly diversify the asset class. This presentation will take you through a deep dive with two advisors committed to broad diversification. They will discuss how they distinguished programs, conducts due diligence and discussed products with clients. Moderator: Eric Retzlaff – Atel Panelists: Jason Vanclef – VFG Securities; Rusty Tweed – Tweed Financial

REISA Annual Conference & Trade Show 2013

19

TUE 10:50am – 11:30am Palace II

REIT Track: The Independent BD Perspective Today’s regulatory environment dictates that certain standards are adhered to at every stage of the capital raising process. This session will discuss the issues surrounding nontraded REITs (NTRs) from a broker/dealer perspective such as E&O, AIP, due diligence constraints, education etc. • What are the biggest challenges when selling NTRs in today’s marketplace? • How have E&O providers treated NTRs? AIP • How has due diligence constraints limited your product list? • What vehicles does your firm use to educate the reps on the risks associated with NTRs? • What limits do you impose (net worth, age, etc.) on the sales of NTRs? Moderator: Cory Neumiller – Capital Financial Services Panelists: Peter Blum – Ladenburg Thalman; Mike Bendix – DFPG Investments; Kevin Keefe – Advisors Group (AIG)

TUE 11:30am–12:45pm Exhibit Hall TUE 12:45pm – 1:35pm Emperors I

Lunch

BD Topic: Driving Change Without Rocking the Boat With increased compliance and due diligence scrutiny, many firms have shifted their DPP investment policies due to regulatory pressure. But how do broker dealers make policy changes without losing focus, direction, advisors and clients? In this session you will hear from broker dealer industry experts that have faced these challenges head on and how they have been successful at implementing changes. This panel of professionals will also discuss changes in compliance and due diligence which have impacted their business models and what affect this has had on their business, firm and financial advisors in general. This session will identify various methods of managing policy changes without creating waves. The panelists will also discuss various methods for documenting and implementing policy changes for success in today’s regulatory environment.  Moderator: Dustin Zachmeyer – Griffin Capital Corporation Panelists: Rick Murphy – Berthel Fisher; Michael Miller – Sigma Sammons

TUE 12:45pm – 1:35pm Palace I

Rep Topic: Teamwork—How to Build a Bigger Practice Research shows that multi-disciplinary and multiple advisor practices are more financially successful. This session will focus how a successful multi-advisor practice is organized; how the members found each other and how they allocate their time, expenses and revenues. You will learn of the challenges that flow from single practices folding into a group environment and the questions to ask before you team up. Moderator: Jim Ortlip – Kalos Financial Panelists: Shim Plotkin – Plotkin Financial; Fred Baernez – AOG Wealth Management

20

REISA Annual Conference & Trade Show 2013

TUE 12:45pm – 1:35pm Palace II

REIT Track: What is the Future of Program Liquidity 2013 is being called the “year of the exit” for both public, non-traded REITs and BDCs. It is predicted that 2013 will produce a substantial number of liquidity events and unlock billions of dollars from successful full-cycle programs. Come hear from industry leaders and consultants familiar with the various types of exit strategies and how they determine their overall execution. • Will favorable arbitrage between Traded and Non Traded REITs continue to encourage quick program exits? What could change? • Why is the listed marketplace accepting programs differently? • Should recently listed programs trade better? Are they fairly valued? • Are private sales to private entities really a viable exit strategy? • Will interest rate volatility in the traded REIT marketplace affect the opportunity to effectively list non traded REIT and BDC programs? • Will the current practice of merging non traded REITs into traded listed vehicles or listings with “Dutch Auctions” continue be the trend in the marketplace? Moderator: Brian Jones – American Realty Capital Panelists: Michael Bluhm – Morgan Stanley; Auren Kule – Citibank; Randy Williamson – Eastdil Secured LLC/Wells Fargo

TUE 1:45pm–2:45pm Augustus V-VI

General Session V: Closing Keynote Speaker Grant Hill: “A Champion’s Approach to Business and Sports” Session introduction by Platinum Sponsors United Realty Advisors, Energy Hunter Securities and Phoenix American Financial Services

REISA Annual Conference & Trade Show 2013

21

REISA

Annual

CONFERENCE and TRADE SHOW

2013

The #1 conference for Alternative Investments 10 years running

22

REISA Annual Conference & Trade Show 2013

Hotel Diagram

Caesars Palace, Las Vegas

Emperor’s Level

V

VI

III

IV

I

II

Augustus Ballroom

Exhibit Hall

I

Registration

Emperor’s Ballroom

II Venice Tarranto

Elevators

Escalators

Sicily

I A B

II

Palace Ballroom

III

REISA Annual Conference & Trade Show 2013

23

Exhibitors Diamond 101 American Realty Capital 301 Inland Real Estate Investment Corporation 201 P referred Apartment Communities

Platinum 403 Atlas Energy 221 Brietling Energy Companies 113 Capital Square Realty Advisors 321 Energy Hunter Securities 515 ExchangeRight Real Estate 217 Griffin Capital Corporation 115 GWG Holdings 503 Moody National Companies 417 Passco Companies 421 Phoenix American Financial Services 105 Realty Capital Securities 317 United Realty Advisors T6

T7

T8

Caesars Palace, Las Vegas

Gold

Silver

518 Behringer Harvard 519 CNL Securities 419 Coachman Energy 600 DataSource 318 Diversified Residential Group 418 DLA Piper 618 DST Systems 117 Franklin Square Capital 216 Gulf South Holdings 401 Hamilton Point Investments 219 Hirschler Fleischer PC 501 Kaplan Voekler Cunningham & Frank 616 MacKenzie Capital Management 319 Steadfast Companies 517 Strategic Capital Holdings 402 Time Equities 119 U.S. Energy Development Corp 218 Wilkinson Capital

T7 Adageo Management T3 Appraisal Institute T15 APX Energy T13 Aztec Oil & Gas, Inc. T30 Bluerock Capital Markets T33 BofI Advisor T26 Bowman Law Firm LLC T29 Catalyst Energy T12 Cyber Café Sponsored by Covington Realty T23 FactRight T20 Financial Media Group T25 Gemini Real Estate Advisors, LLC T5 Great Lakes Fund Solutions, Inc. T11 Hard Rock Exploration Inc. T2 Hartman Income REIT T16 Hines Securities T24 Kalos Financial T31 Ledger Petroleum LLC T28 Lightstone Capital Markets

T9

T10

T11

T12

T13

T14

T15

T16

T17

T36 Madison Realty Companies T27 MDS Energy T1 Morris Manning & Martin N/B NorthStar Realty Securities T19 Ops Plus 714 Payson Petroleum T8 Resource Real Estate Inc. T22 RK Properties T10 RME T4 Snyder Kearney LLC T18 SQN Capital Corporation T17 Vista Energy Resources T32 Walton International Group T6 Worth Investment Group T9 Xerox Educational Services

T18

T19

T20 T22

T32

117

216

221 219

321 318

319

421 418

419

518

519

618

517

616

T24

218

T23

T33

119

T25

113

115

317

201

301

417

515

403

503

T36

T26

217

T27

T5

T28

T4

105 T29

T3

402

501

Entrance

24

REISA Annual Conference & Trade Show 2013

600

T31

T1

401

T30

T2

101



Keynote Speakers Investing in Your Future Oliver North is a combat decorated U.S.

Marine, a #1 best-selling author, the founder of a small business, an inventor with three U.S. patents, a syndicated columnist, and the host of “War Stories” on Fox News Channel. North was born in San Antonio, Texas, graduated from the U.S. Naval Academy in Annapolis, Maryland, and served 22 years as a Marine officer. His awards for service in combat include the Silver Star, the Bronze Star for valor and two Purple Hearts for wounds in action. Assigned to the National Security Council staff in the Reagan administration, North was the United States government’s counter-terrorism coordinator from 1983-1986. He was involved in planning the rescue of 804 medical students on the island of Grenada and played a major role in the daring capture of the terrorists who hijacked the cruise ship Achille Lauro. After helping plan the U.S. raid on Muammar Qaddafi’s terror bases in Libya, North was targeted for assassination by Abu Nidal, the infamous terrorist killed in Baghdad in August, 2002. President Ronald Reagan described North as “an American hero.” Since 2001, he has been the host of “War Stories” – the award-winning military documentary series on Fox News Channel -- and has been embedded with more than 55 U.S. and allied combat units. North has authored thirteen books, all of them New York Times best sellers. His latest, “Heroes Proved,” is a gripping tale of intrigue and duplicity at the highest levels of the U.S. Government. North serves on the Board of Directors of the National Rifle Association and is the founder of Freedom Alliance, a foundation providing college scholarships to the sons and daughters of U.S. military personnel killed in the line of duty. He claims his most important accomplishment is being “the husband of one, the father of four and the grandfather of fourteen.”

REISA Annual Conference & Trade Show 2013

25

Keynote Speakers A Champion’s Approach to Business and Sports The Grant Hill story is one of faith, guts, family, friends, commitment and the incredible will to play basketball. On the court, he amplifies the talents of his teammates, and he’s a winner as part of two elusive NCAA Championships. He is unselfish, possessing a strong work ethic, and shows creativity with the basketball. He is a confident leader who rises to the occasion in close ball games. Off the court, Grant is humble and a true believer in community investment. Grant is a partner and co-founder at Penta Mezzanine Fund, a private investment firm providing $2 to $15 million customized growth capital solutions to profitable, lower-middle-market companies nationwide. Since the year 2000, Grant has continued to invest extensively in commercial real estate including several multi-family projects and general commercial buildings in Florida, Arizona, North Carolina and Washington, D.C. He is also the owner of Subway franchises in the Washington, D.C., area. He is a sought-after public speaker before business groups, industry audiences and in college and university settings. Grant compiled a most impressive collegiate career at Duke University, winning backto-back NCAA championships his freshman and sophomore years (1991 and 1992), plus a host of other national collegiate awards including the Henry Iba Corinthian Award as the nation’s top defensive player (1993). In his senior year, Grant was named a unanimous first team All-American, was named to the NCAA All-Tournament and was the NCAA Southeastern Regional MVP. After graduating from Duke, Grant was the number one pick by the Detroit Pistons in the 1994 NBA draft. He quickly became one of the most exciting and well-liked players in the league. For his first two seasons in the league, Grant led all NBA players – including Michael Jordan, David Robinson and Shaquille O’Neal – in All-Star votes. The co-NBA Rookie of the Year, Grant was also a member of gold medal winning Dream Team, representing Team USA at the 1996 Olympic Games in Atlanta. After the end of the 2012-2013 NBA season, Grant announced his retirement, ending his career with the LA Clippers. The lessons he learned and the encouragement he has received throughout his career are truly reflective in the way he conducts himself on and off the court, and he embraces the responsibility that comes with being considered a role model. Grant believes that he can make a difference and has pledged his time and financial support to a myriad of community investment programs, including donations to his alma mater, and established scholarships to assist students in pursuit of an undergraduate education. He was awarded the 2001 Richard and Helen DeVos Community Enrichment Award and served as vice-chairman of the 1999 Special Olympics World Games. He is also incredibly passionate about inspiring the next generation to get active and to develop proper nutritional habits. In 2010, President Barack Obama named Grant as a council member on the President’s Council of Fitness, Sports and Nutrition, and he is also involved with the First Lady’s “Let’s Move” campaign.

26

REISA Annual Conference & Trade Show 2013

2013 Annual Conference Speakers Randy Anderson

with his wife Sheila. He founded the Northern Virginia chapter of the Foundation Fighting Blindness, and serves as the President of the Board of Directors for David’s Hope International, a ministry that has helped found a school, medical clinic, orphanage, feeding program, clean water supply and several agribusiness projects in Eburru, Kenya. He is a graduate of the Leadership Loudoun Class of 1991 and the Leadership Fairfax Class of 2010. He holds the Series 6, 7, 26, 63, 65 and 79 licenses as well as Life and Health and Annuities licenses. I am an Accredited Investment Fiduciary, and am a Contributing Author of Being in Business is a Funny Thing-Getting Out is Not! He is a proponent of the “Ecclesiastes Model”, more commonly known as the “Endowment Model” which serves as an investment guide to both small business owners and regular investors. He majored in Government, History and Economics at the College of William and Mary. Mike Bendix

Bluerock Real Estate

Dr. Anderson has been active in the real estate industry for over 20 years as a researcher, owner, investor and strategist. As Bluerock’s Chief Economist, Dr. Anderson serves as the primary spokesperson on macroeconomic issues and the global commercial real estate market. Dr. Anderson has extensive experience in the direct investment world as he recently served as an economic advisor for the Steadfast Companies. Additionally, he was a founding partner of Franklin Square Capital Partners, the firm that pioneered the nontraded Business Development Company. Prior to Franklin Square, Dr. Anderson served as a Division President for CNL that became one of the most successful startups in CNL history completing nearly $700 million of real estate transactions in its first year of operation. Dr. Anderson also served as the Chief Economist and Director of Research for the Marcus and Millichap Company and as Vice President of Research at Prudential Real Estate Advisors. Dr. Anderson received his bachelor’s degree in Finance from North Central College and holds a Ph.D. in Finance from the University of Alabama, where he graduated with highest distinction. Clay Archey

Bridge Equities, Inc.; DFPG Investments, Inc.

TriCor Financial

Clay Archey is the Chief Compliance Officer of TriCor Financial, LLC where he is responsible for leading enterprise compliance efforts, designing and implementing internal controls, policies and procedures and applicable local, state and federal law regulations. Additional responsibilities include ongoing due diligence of active programs and serving as the primary due diligence contact for the firm. Prior to joining the TriCor Financial team in 2010, Mr. Archey was the Founder, President and CEO of Archey & Co. LLC. Mr. Archey has over 13 years of experience in the financial services industry. He received his Bachelors Degree in Finance from Southeastern Oklahoma State University. He holds FINRA Series 3, 4, 7, 24, 27, 53, 55, 63, 65, 79, 86 and 87. Fred Baerenz AOG Wealth Management

AOG Wealth Management firm is an SEC Registered Investment Advisor, and is affiliated with a Broker/Dealer, Kalos Financial, located in Alpharetta, Georgia. Fred lives in Reston, Virginia,

Mike Bendix is co-founder and CEO of DFPG Investments, Inc., an independent broker-dealer based in South Jordan, Utah, and currently chairs DFPG’s Real Estate Investment Committee. Additionally, Mr. Bendix is the President of Bridge Equities, Inc., a branch office of DFPG located in Encinitas, California. Mr. Bendix has over 25 years of experience in the real estate and financial services industries. Prior to his involvement with Bridge Equities and DFPG, Mike was an investment real estate representative for two national broker-dealers, specializing in raising capital for securitized commercial real estate offerings. He also owned both a mortgage company specializing in financing for real estate developers and a Southern California-based real estate company. Mr. Bendix is a member of the Board of Directors for REISA, and was recently elected to Executive Committee. In addition, he is chairman of REISA’s 2013 Due Diligence Forum, co-chairman of their Broker-Dealer Advisory Council and served previously on both the Education and Legislative & Regulatory Committees. Mike received a Bachelor of Science in Information and Computer Science from the University of California at Irvine. He holds active Series 24, 7 and 63 securities registrations and is a licensed real estate broker in California and Utah.

REISA Annual Conference & Trade Show 2013

27

Michael Bluhm Morgan Stanley

Peter Blum Ladenburg Thalmann

Peter H. Blum has been the co-chief executive officer and copresident of Ladenburg Thalmann since Dec. 15, 2011. Previously he served as the head of capital markets at Ladenburg Thalmann and served as its head of investment banking. Prior to joining Ladenburg Thalmann in 2004, Mr. Blum was president of Bear Ridge Capital LLC, a financial advisory firm specializing in providing strategic merger and acquisition advice and providing private capital to businesses primarily in the energy sector. Prior to that, he held senior banking positions at various Wall Street firms. Mr. Blum has been the non-executive chairman of Mitcham Industries Inc. since July 2004, and has been its director since 2000. Mr. Blum has served as a member of the REISA Board of Directors since January 2013. Blum started his career at Arthur Young & Co. as a practicing CPA. Blum received his Bachelor of Business Administration degree in accounting from the University of Wisconsin-Madison. Catherine Bowman The Bowman Law Firm

Catherine Bowman founded The Bowman Law Firm in April 2008 in order to conduct due diligence on public and private securities offerings ranging in size to over $3 billion on behalf of independent broker/dealers and investment advisors. Ms. Bowman also provides consulting on broker/dealer regulatory and compliance matters; researching ’33 Act, ’34 Act and ’40 Act laws and regulations, broker/ dealer regulations and state securities laws and regulations; and contract negotiation and drafting. Prior to founding The Bowman Law Firm, Ms. Bowman was Chief Compliance Officer, Senior Vice President and Corporate Counsel for CNL Securities Corp., overseeing the compliance and due diligence departments. Earlier in her career at CNL, Ms. Bowman also oversaw the REIT offering document preparation and filing process. Ms. Bowman started her law career over 17 years ago at Gray, Harris & Robinson, P.A. focusing on corporate and securities 28

REISA Annual Conference & Trade Show 2013

law practice for publicly held and privately held clients, including mergers and acquisitions. Ms. Bowman received her J.D. from Washington & Lee University School of Law and her BSBA in Economics from the University of Florida. She is a member of the Florida Bar, the Tennessee Bar, has been admitted to the US Supreme Court, and has obtained her CRCP Designation from the FINRA Institute at Wharton. Kevin Bradburn Orchard Securities

Tony Chereso United Development Funding

Mr. Chereso is the Director of Capital Markets for United Development Funding (UDF). Prior to joining UDF, Tony was the President and CEO of FactRight, a leading independent risk management firm. While at FactRight, Tony was responsible for FactRight’s long-term goals and strategies, strategic partnerships, day-to-day operations and bottom-line performance. Prior, Tony was the Director of National Sales for a sponsor of securitized real estate transactions and was responsible for over $225 million in equity raised. Tony sits on REISA’s Board of Directors and Executive Committee, serves as Treasurer, co-chairs REISA’s membership committee, and serves on the conference planning committee. Additionally, Tony sits on the Board of Directors of the IPA (Investment Program Association), serves on the finance committee and co-chairs the Private Placement committee and is a member of IPA’s Due Diligence committee. Tony is a graduate of De Paul University School of Commerce, attended Business School at the University of Dallas and has been recognized as a distinguished instructor for the Institute of Internal Auditors for more than 13 years. Rick Chess Chess Law Firm

Richard B. “Rick” Chess, Esq., is the managing partner of Chess Law Firm. His practice focuses on commercial real estate transactions, capital markets and governance. Chess previously served as the President of REISA. He also previously

served as president of American Realty Capital Markets, LLC (a securities broker dealer). Mr. Chess is the former director of 1031 Transactions for Triple Net Properties (now Grubb & Ellis). He acquired over two billion dollars of apartments and retail centers for United Dominion Realty Trust (UDR). He is a founding board member for First Potomac Realty Trust (FPO). Mr. Chess served as a member of the Pennsylvania General Assembly and as an assistant county solicitor for Allegheny County (Pittsburgh). He earned his B.S. degree from the University of Pittsburgh and his J.D. degree from the University of Richmond. Chad Christensen Cottonwood Residential

Chad Christensen is the President and Chairman of Cottonwood Residential. Mr. Christensen oversees the asset and property management components of the business, as well as the general operations of the company. Mr. Christensen cofounded Cottonwood Residential, LLC in 2004 and founded its precursor in 2003. Prior to co-founding Cottonwood, Mr. Christensen worked for a short time with the Stan Johnson Co. in Tulsa, Oklahoma. Between years at business school Mr. Christensen worked for Goldman Sachs as a summer associate in the Private Wealth Group in Los Angeles and New York. While at Goldman Sachs, Mr. Christensen worked on various business development and client acquisition projects. Prior to Business School, Mr. Christensen founded and managed Paramo Investments, an investment company based in Salt Lake City. Mr. Christensen holds a Bachelor of Arts in English from the University of Utah and a Masters in Business Administration from The Wharton School at The University of Pennsylvania. He also holds a Real Estate License in the State of Utah. Andy Christofferson Berthel Fisher

Andy Christofferson, Vice President of Business Development of Berthel Fisher and Company Financial Services. Andy joined BFCFS in September of 2012. He is responsible for overall business development of the firm and oversees the Due Diligence Department. Andy reports directly to President Rick Murphy and contributes to the overall strategy of the broker dealer as a member of the Executive team. Prior to joining BFCFS Andy was Chief Investment Officer at Securian Advisors MidAmerica in Hiawatha Iowa. Andy has fifteen years of experience in the financial services industry in sales, due diligence

and compliance. Andy holds FINRA series 7, 63, 65 and 24 licenses. Andy is a 1999 graduate of the University of Northern Iowa where he received a Bachelor’s degree in Finance. Brian Conlon Inland Securities Corporation

Brian M. Conlon is the president and chief executive officer of Inland Securities Corporation. He is responsible for overseeing the public and private capital raising activities through a national team of external and internal wholesalers. Mr. Conlon returned to Inland Securities in August 2013 after a brief retirement. He originally joined Inland Securities as executive vice president in September 1999 and has held numerous executive officer positions during his tenure including president and chief executive officer of Inland Real Estate Investment Corporation. Prior to joining Inland, Mr. Conlon was executive vice president and chief operating officer of Wells Real Estate Funds, where he was responsible for overseeing day-to-day operations of the company’s real estate investment and capital raising initiatives. Mr. Conlon has served on the boards of directors of the Financial Planning Association (FPA), Investment Program Association (IPA), Real Estate Investment Securities Association (REISA) and on the Policy Subcommittee of the National Association of Real Estate Investment Trust (NAREIT) Non-traded REIT Council. Mr. Conlon has earned the certified financial planner (CFP) and certified commercial investment member (CCIM) designations and is licensed as a real estate broker in Georgia. He holds a Bachelor of Business Administration degree from Georgia State University and a Master of Business Administration from the University of Dallas. He holds Series 7, 24 and 63 certifications with the Financial Industry Regulatory Authority (FINRA). Sean Connor ICON Investments

REISA Annual Conference & Trade Show 2013

29

Daniel Cullen Bryan Cave

Mr. Cullen serves as the chair of Bryan Cave LLP’s tax practice group and is a partner in the firm’s New York and Chicago offices. He has significant experience in all aspects of structuring and tax planning for U.S. real estate projects, including REITs, (Up-REITs and DownREITs), real estate investment funds, leveraged partnerships, joint ventures and Section 1031 structures, such as tenancy-in-common and Delaware Statutory Trust transactions. In addition, Mr. Cullen has been involved in tax planning for many domestic and international partnerships, joint ventures, co-investment and other real estate related projects. He graduated from State University of New York, earned his J.D. from American University and his LL.M. from New York University. Peter Dochinez Trustmont Group

Mr. Dochinez began his securities career in 1982. He founded Trustmont Financial Group in June of 1986, advisory services were separated in 1992 by incorporating Trustmont Advisory Group. His Certified Financial Planning designation was obtained in 1994 and currently he maintains the following licenses: 6,7,24,27,53,63. Peter has served as President, Chief Compliance Officer, Chief Operations Officer, and Anti-Money Laundering Principal of both Trustmont Financial and Trustmont Advisory Groups (many concurrently). Currently he allocates a reasonable portion of time serving on various Boards and working with clients. Martin Dozier Alston & Bird

Martin Dozier is a member of the firm’s Financial Services & Products Group and REIT Team. He focuses his practice on the representation of both public and private companies, as well as numerous alternative investment vehicles (including BDCs and REITs), in their fund formation, public securities offerings, private placements, mergers and acquisitions, securities regulation, securities law compliance and corporate governance-related matters. Martin also counsels broker-dealers on compliance with applicable regulations of the Financial Industry Regulatory Authority (FINRA) in connection with the distribution of securities. Martin 30

REISA Annual Conference & Trade Show 2013

received his J.D., cum laude, from the University of Georgia School of Law. He received a B.S., summa cum laude, from the Georgia Institute of Technology. He is admitted to practice in Georgia and is a member of the Georgia State Bar. Mark Earley Hines Securities

He joined Hines in September 2003, and was the Executive Director responsible for overseeing share distribution of the Hines REIT and Global REIT securities offered by Hines Securities, Inc. until July 2010, when he became president. Mr. Earley was previously a Regional Sales and Marketing Director for Morgan Stanley, where he supervised sales for the proprietary asset management group and the sales and marketing activities of 65 branch offices. Mr. Earley is a general securities principal and holds a Texas real estate broker’s license. Brett Evans Hull Evans & Kob

Brett Evans is a partner at Hull Evans & Kob LLP, a full service business law firm focused on serving the needs of the financial services industry in the areas of arbitration, litigation, BD/ RIA compliance and regulation along with private placement and issuer services. Evans counsels issuers, broker-dealers and representatives in both transactional matters and in arbitrations and securities investigations. Previously, Evans was the CEO and CCO of a FINRA member firm and was General Counsel and CEO of Texas Energy Holdings, Inc. Evans has extensive experience performing due diligence on mergers and acquisitions and offerings for both broker-dealers and asset management companies, drafting and structuring offering memorandums, providing operational, legal, due diligence and compliance management functions to FINRA member broker-dealers. Chris Faulkner Breitling Energy

Chris Faulkner, Chief Executive Officer of Breitling Oil and Gas, Breitling Royalties Corp and Breitling Royalty Funds, LLC, has extensive experience in all aspects of oil and gas operations, including project management, production, facilities, drilling and business development. Mr. Faulkner has been featured in numerous media outlets, including

Reuters, Bloomberg, FOX Business News and Hart Energy. He is a frequent lecturer at industry events and is a member of many industry organizations, including the Independent Petroleum Association of America and Texas Independent Producers and Royalty Owners Association. Mr. Faulkner studied at Southern Methodist University and Baylor University and received his doctorate degree from Concordia College. Mr. Faulkner’s current focus with Breitling is short- and long-term business strategy, financial management, investor relations, mergers and acquisitions, and vendor relationship management. Marc Feliciano RREEF Management

direct/alternative investment product reviews, and also provided support to assist advisors dealing with mutual funds, annuities, and third party money managers. As Director of Due Diligence, Jordan will be responsible for spearheading the firm’s due diligence practices, and continuing to build the Due Diligence team’s reputation as an industry leader in service and results. Jordan is a graduate of the University of Alabama at Birmingham, receiving a degree with honors in Finance, with two separate concentrations of study (Finance-Financial Management, Finance-Investments and Institutions). Jordan holds a Series 7 license and currently serves as Chairperson of the REISA Nontraded REIT Due Diligence Subcommittee. Rick Friedrichs Financial Media Group

Eric Fischgrund United Realty Advisors

Eric Fischgrund is Vice President of Marketing for United Realty Advisors, LP. From January 2008 to December of 2011, Eric served as Supervisor at Beckerman, one of the nation’s fastest-growing public relations firms, home to the largest real estate-focused specialty practice. During his time at Beckerman, Eric executed high level communications strategies on behalf of clients in industries spanning clean technology, real estate, consumer, professional services and traditional technology. Eric also designed and implemented the digital media program for both clients and the firm itself, resulting in significant business development. Prior to joining Beckerman, Eric served from October 2006 to December 2007 as a supervisor at Integrated Marketing Systems, a California based architectural and engineering consultant firm. He is a graduate of Shippensburg University with a bachelor’s degree in communications and minor in psychology. In 2013, Eric was named Outstanding Alumni of the Year by the Communications/Journalism Department. Jordan Flebotte

As a respected subject matter expert in recruiting and fund promotion, Rick Friedrichs brings over 13 years of financial industry experience to his position as Director of Financial Market Sales for Financial Media Group (FMG). He possesses a solid understanding of the business challenges firms face when using email marketing to target financial intermediaries. Rick was instrumental in the development of Financial Media Group’s database of financial intermediaries and he possesses a keen knowledge of how to segment the market to meet precise business needs. Prior to joining Financial Media Group, Rick spent several years as an advisor with American Express, as a recruiter for Ameriprise Financial and as a wholesaler for Fiserv. He actively consults with hundreds of financial firms ranging from Fortune 100 companies to independent broker dealers and fund companies. Customers working with Rick can count on his dedication to outstanding service, market intelligence, and sound advice. Matt Fries Questar

Matthew Fries is chief operating officer for Questar Capital. He joined the firm in June 2007. Before joining Questar, Matt worked at Securian Financial Services where he was responsible for ProEquities both the development and promotion of recurring fee Jordan Flebotte was named ProEquities’ Director of Due Diligence investment platforms and working with advisors to increase their efficiency and profitability. Matt earned in January 2011. Prior to the assumption of this new role, Jordan his bachelor’s degree in economics and history from the University of Notre Dame, his master’s degree served as Due Diligence Analyst in political science from the University of Wisconsinsince he joined ProEquities in June Madison, and his master’s degree in business 2007. As an analyst, Jordan was responsible for all administration from the University of Minnesota. REISA Annual Conference & Trade Show 2013

31

Deborah Froling Deborah S. Froling is a member of Arent Fox LLP’s Corporate/ Securities and Real Estate Groups in the Washington, D.C. office. She has extensive experience in public and private offerings of debt, equity and convertible securities as both issuer’s and under-writer’s counsel, primarily for real estate companies, including REITs, tenant in common syndications, as well as equipment financing and oil and gas companies. Deborah started her career at the Securities and Exchange Commission’s Division of Corporation Finance as an Attorney-Advisor in the real estate group. Prior to joining Arent Fox LLP, Deborah worked in private practice at two national law firms in Washington, D.C. as well as a nationally recognized law firm in real estate securities in Richmond, Virginia. Deborah is a long time member of REISA, where she is currently a member of the Board of Directors as well as Chair of the Legislative and Regulatory Committee, and a member of the Investment Program Association, where she is a member of the Legal and Regulatory Committee. She also serves as President of the National Association of Women Lawyers. Deborah is a graduate of the Columbus School of Law at The Catholic University of America and the College of William and Mary. Kevin Gannon Robert A. Stanger & Co.

Mr. Gannon serves as Managing Director of Robert A. Stanger & Co., directing the firm’s activities, including mergers and acquisitions, valuation, litigation support and advisory services. Mr. Gannon has been the lead or co-lead banker on numerous real estate consolidation and mergers and acquisition transactions. Mr. Gannon has also been active in the analysis, evaluation and sale of corporate, trust and partnership investments in real estate, oil and gas, equipment leasing, agriculture, and bio-technology. Before 28 REISA 2013 Spring Symposium REISA 2013 Spring Symposium 29 joining Robert A. Stanger & Co., Inc. in 1983, Mr. Gannon was a Manager with Deloitte Haskins & Sells, an international accounting firm. Mr. Gannon is a 1978 graduate of Rutgers University. He is also a Certified Public Accountant and member of the American Institute of Certified Public Accountants. Mr. Gannon is a General Securities Principal. He is registered with FINRA as a General Securities Representative (Series 7 and 63) and a Limited Representative – Investment Banking (Series 79). 32

REISA Annual Conference & Trade Show 2013

Taylor Garrett Orchard Securities

Taylor Garrett is currently a Managing Director and Partner at Orchard Securities, LLC, an investment bank focused on structuring and capital raising for private and public securities related to alternative investments. Mr.Garrett is also a partner of Central Trade & Transfer, a secondary market provider for illiquid securities. Prior to his current positions, he was a Managing Partner at Crewe Capital, a placement agent firm focused on capital raising from family offices, registered investment advisors, and independent broker dealers. Prior to that, Mr. Garrett was a Principal at White Cap Real Estate, an issuer of real estate securities, focusing on business development and fund raising. Prior to joining White Cap Real Estate, he was the Director for an alternative investment focused investment banking firm. Mr. Garrett currently holds active Series 7, 24, 63, 79, and 99 security licenses. Mr. Garrett graduated from Utah Valley University with a Bachelor of Science in General Business Management and a Masters in Business Administration at Brigham Young University. Mark Goldberg Carey

Mark Goldberg is a Managing Director of W. P. Carey & Co. LLC and President of Carey Financial, LLC, the company’s broker-dealer subsidiary. Prior to joining W. P. Carey, Mr. Goldberg served as CEO and President of independent broker-dealer Royal Alliance, Inc. Previously, he held senior management positions at SunAmerica Financial Network, AIG Securities - Tokyo and Royal Alliance Associates, Inc. all of which were affiliated companies. Mr. Goldberg is a founding member and former Director of the Financial Services Institute and serves on the Board of Directors of the Investment Program Association. Marc Goldstein Covington Realty Partners

Mr. Marc Goldstein is the cofounder of Covington Realty Partners. Mr. Goldstein is responsible for the day-to-day management, overseeing all aspects of Covington’s operations, including its acquisitions, development and asset management. Mr. Goldstein has more than 20 years of real estate experience, specifically in the acquisitions, development, and repositioning of multifamily and

retail properties. Prior to forming Covington in 2005, Mr. Goldstein was the president and co-founder of Creekstone Partners. During his career, Mr. Goldstein structured over $1,500,000,000 of transactions. Before founding Creekstone Partners, Mr. Goldstein focused on purchasing apartment projects nationwide, working for both public and private entities. Mr. Goldstein is on the Board of Directors of the National Multi Housing Council (NMHC), a member of the Urban Land Institute (ULI), Institute of Real Estate Management (IREM), International Council of Shopping Centers (ICSC), REISA, Home Builders Association, and is a Certified Property Manager (CPM). Marc is a member of YPO; he is a board member and founder of the Aspen, Colorado Chapter. Mr. Goldstein is an executive committee member and Treasurer of Jazz Aspen, a 501c3 created to fund music education in Pitkin counties Roaring Fork Valley. Mr. Goldstein is a graduate of the University of Illinois and a current student of the Harvard University Graduate School of Design. Trevor Gordon Sandlapper Securities

Trevor Gordon is the Owner, Founder, Managing Member, and CEO of SANDLAPPER Securities, LLC. He is also Founder and CEO of Sandlapper Capital Investments, LLC; principal and president of TIC Properties, LLC; principal and President of Capital Markets for Poinsett Capital Advisors, LLC; and a principal in TIC Properties Management, LLC. He has 20 years of experience in the Financial Services and Private Placement arenas, including positions as a sales and marketing executive, mutual fund wholesaler, and retail financial advisor. Mr. Gordon is active within his professional industry as well as his community. He is a member of REISA and former chairman of its Marketing Committee. He is a member of the Society for Financial Professionals. He was previously a member of the Board of Directors for the Center for Developmental Services (www. cdservices. org) in Greenville, SC. A graduate of Kennedy Western University, he earned both masters and bachelors of Business Administration degrees. He currently holds FINRA Series 7, 24, 31, 63 and 65 licenses and previously held the Florida Group 1 license. He joined the financial services industry upon returning from the Persian Gulf in 1991 and is a Life Member of the Veterans of Foreign Wars of the United States (VFW).

Craig Gould Cabot Lodge Securities

Francis Grab Washington Council Ernst & Young

Francis Grab is a member of Ernst & Young’s Washington Council Ernst & Young practice where he advises clients on tax, budget and international trade issues. Prior to joining the firm, Francis served as the Tax and Trade Counsel for Representative Robert T. Matsui (D-CA), a senior member of the Committee on Ways and Means, for the 105th, 106th and 107th Congresses (1997-2002). In this capacity, he advised the Congressman on tax, pension and trade policy matters. Francis was the Principal House Democratic Staff Contact for the successful effort to pass Permanent Normal Trade Relations for China in the 106th Congress. During the 105th Congress, he was the Trade Advisor to Mr. Matsui, who was then the ranking member of the Trade Subcommittee. Francis previously served as Tax Legislative Assistant for Representative Xavier Becerra (D-CA), a member of the Committee on Ways and Means, and also worked for another Committee member, Representative Gerald Kleczka (D-WI). Francis served as the Chair of the Tax Policy Committee for the Barack Obama Presidential campaign. Francis received degrees from Swarthmore College and the Emory University School of Law. He also received an LL.M. in taxation from the Georgetown University Law Center. John Grady Realty Securities Capital

John Grady is Chief Operating Officer of Realty Capital Securities, President of National Fund Advisors and Chief Compliance Officer for Business De-velopment Corporation of America and BDCA Adviser. Prior to joining Realty Capital in October 2012, Mr. Grady was COO and General Counsel of Steben & Company (2009–2012); Senior Adviser, Coil Investment Group (2008–2009); and CEO and President, Nationwide Funds Group (2006–2008). He previously worked at Turner Investment Partners/Constellation Funds Group (2001–2006), and was a partner with the law firm of Morgan, Lewis LLP (1995–2001). Mr. Grady received REISA Annual Conference & Trade Show 2013

33

his J.D. in 1985 from the University Of Pennsylvania Law School, and graduated from Col-gate University in 1982. Mr. Grady has FINRA 3, 7, 24 and 63 licenses, and is a member of the PA, MD, and DC bar associations. Michael Greer Waveland Energy Partners

Mr. Greer is the Co-Founder and Chief Executive Officer of Waveland Energy Partners LLC, an Irvine, Calif.-based merchant bank founded in 2001 that has raised $400 million in capital in oil and gas investment partnerships marketed through the FINRA broker-dealer community. Mr. Greer has over 30 years of experience in the financial services industry, and his experience in the oil and gas industry dates back to 1987. He previously served as president of Energy Partners, Inc., a company he founded in 1989 that was later acquired and became a whollyowned subsidiary of NASDAQ-listed Benton Oil and Gas Company, where he created and managed the company’s partnership syndications and capital formation strategies. Mr. Greer also serves as CEO of Waveland Capital Partners LLC, a FINRA broker-dealer. He is a Registered Principal with FINRA. Barbara Halper

Joshua Harris University of Central Florida

Dr. Joshua Harris serves as the Director of the Dr. P. Phillips Institute for Research and Education in Real Estate at the University of Central Florida where he is responsible for directing research initiatives, industry outreach, and program development. Dr. Harris has experience in commercial real estate since 2002 as a real estate broker, acquisitions analyst for private equity firms, and investment banker. Dr. Harris is a specialist in analyzing real estate transactions, market analysis, financial modeling, and statistical forecasting. He has been an invited speaker and lecturer at conferences hosted by groups including the Society of Office and Industrial Realtors, NAIOP Commercial Real Estate Development Association, Woman’s Council of Realtors, and Central Florida Realty Investors. Dr. Harris has also been a guest lecturer at the European Business School in Germany. Dr. Harris holds a Ph. D in finance from the University of Central Florida and conducts research in institutional international real estate and markets. Kevin Hart Lightstone Capital Markets

FactRight

Barbara Halper, MBA, JD serves as Principal and Chief Operating Officer of FactRight LLC. In addition to her responsibilities as Chief Operating Officer, Barbara oversees the due diligence reporting team and provides expert witness services on behalf of broker dealers. Barbara has extensive litigation and business management experience. From 2003 to the present she has been involved in due diligence and risk management related to private placement products. During that time, Barbara served as a due diligence officer of a national broker dealer and chief operating officer for a securitized real estate syndicator. She was one of the founders of FactRight LLC. Barbara has also been personally involved in the development, management, acquisition and disposition of commercial real estate for over 25 years. During that time, Barbara practiced law with Halper Law Offices and was a Magistrate in the Minnesota court system. Barbara has been active on the REISA Due Diligence Committee for many years and is a member of the IPA Risk Management Committee.

34

REISA Annual Conference & Trade Show 2013

Rob Hoffman Franklin Square Capital Partners

Robert Hoffman is a Vice President of Product Communications at Franklin Square Capital Partners. He serves as a subject matter expert on the leveraged loan market and Franklin Square products. He uses his knowledge and experience to develop key communications and resources to provide educational materials and positioning for Franklin Square’s alternative investment products. Prior to joining Franklin Square, Mr. Hoffman spent over 11 years at Nomura Corporate Research and Asset Management, Inc., an asset management firm with approximately $20 billion in assets under management, most recently as an Executive Director. At Nomura, he was responsible for loan portfolio management and trading and he and his team managed nearly $3 billion in loan assets for retail and institutional clients. Prior to becoming a portfolio manager, Mr.

Hoffman was a senior credit analyst focusing primarily on first and second lien corporate loan issues. He covered a range of sectors including energy and gas, utilities, healthcare, chemicals, technology, autos and industrials. Mr. Hoffman is a Chartered Financial Analyst. He graduated from Columbia University with a bachelor’s degree in Political Science. Jack Hollander Atlas Resources

Jack L. Hollander is the Executive Vice President of Atlas Resources., a wholly owned subsidiary of Atlas Resource Partners, L.P. (NYSE:ARP), an affiliate of Atlas Energy, L.P. (NYSE: ATLS). The Atlas family of affiliated companies is focused on the production, transportation and processing of natural gas and natural gas liquids in the continental United States. Mr. Hollander has spent the last 12 years with Atlas in senior positions involved in the development and management of alternative and tax advantage investment programs and their underlying assets. He helps manage Atlas’s syndication business which has sponsored over 60 investment partnerships with over $2 billion of capital raised. Mr. Hollander began his career in financial services in 1982. He received a law degree from Brooklyn Law School in 1981 and a Masters of Law degree in Taxation from New York University School of Law in 1982. Mr. Hollander is a member of the New York State bar and was the Chairman of the Investment Program Association, which is an industry association, from March 2005 to November 2011. He remains a member of its Board of Trustees. Kevin Hull Hull Evans & Kob

Mr. Hull is an experienced securities lawyer who benefits Hull Evans & Kob clients with his multifaceted back-ground from multiple positions in the securities industry, regulation and law. Mr. Hull began his career as a FINRA examiner in 1988 and served as the CFO and Chief Operating Officer of a retail broker-dealer before going to law school in Washington, D.C. After working for FINRA and the SEC during law school, Mr. Hull worked in large interna-tional law firms in New York City and Southern California. For five and a half years immediately prior to reentering the private prac-tice of law, Mr. Hull was the chief executive officer of NNN Capital Corp. and Grubb & Ellis Securities, responsible for all aspects of the firm, including compliance, accounting, national accounts and sales management. His current practice

of law centers on providing service to broker-dealers, investment advisers and reg-istered representatives in the areas of compliance, registration, disclosure, customer complaints and investigations, arbitration defense and expert witness services, FINRA and SEC regulation and enforcement defense in addition to providing advice on prod-uct operations, sales practices and marketing. Matthew Iak U.S. Energy Development Corporation

Matthew Iak is National Sales Director of U.S. Energy Development Corporation. Mr. Iak joined U.S Energy in 2005 bringing with him brokerage experience of managed business in excess of one billion dollars. Among his notable career accomplishments, Matthew became the youngest Vice President at one of the world’s most prestigious money management firms. Matthew regularly addresses a host of organizations within the financial community throughout the United States discussing the advantages of oil & gas investments along with his unique high end strategies for estate planning, gifting & tax mitigation. John Isakson Preferred Apartment Communities

John Isakson, Chief Investment Officer of Preferred Apartment Communities (PAC), has spent his entire professional career in the real estate industry. Prior to his role at PAC, John was a founding partner with John Williams in starting Williams Asset Management (WAM) in January 2006. Isakson also served as CEO of Tarpon Development, LLC – a company he co-founded in 1999. Prior to starting Tarpon Development, Isakson served as vice president of finance for Julian LeCraw & Company and as a loan officer for Wachovia Bank financing a real estate assets in various sectors. In his roles, he has raised equity and debt and closed on transactions with a wide range of financial instruments – from traditional construction and acquisition financing to sophisticated bond and tax credit financing. He has participated in transactions ranging from acquisition and renovation of properties to the construction of high rise apartments to the refinancing and repositioning of a variety of apartment communities. Throughout his real estate investment career, Isakson has participated in transactions, representing over 22,000 units and a total capitalization of over $2.0 billion. Isakson earned a bachelor’s degree in Economics at Tulane University, and earned his master’s degree in Economics at the REISA Annual Conference & Trade Show 2013

35

University of Georgia. He lives in Atlanta with his wife, Susan; they have four children: Charley (22), Jane (19), Jack (9) and Riley (7). Kathy Jacobson AON

Kathy Jacobson is Senior Vice President of the Broker Dealer/ Insurance Company Group at Aon Risk Services. She has over 25 years’ experience in the financial services marketplace, customizing value added E & O and risk management programs for Broker Dealers and Investment Advisors. Prior to joining Aon this year, Kathy held a comparable position at Seabury & Smith, a division of Marsh, for nearly 20 years and served as the Client Executive for several national associations, including Finra. Kathy is an experienced E & O broker and client advocate. She is a frequent speaker at industry events, the immediate past president of the DC chapter of CPCU’s and a member of the National Society of Compliance Professionals. Kamal Jafarnia Alston & Bird

Kamal Jafarnia serves as counsel in the Financial Services & Products Group at Alston & Bird, LLP in the New York office and is a member of the firm’s REIT team. Prior to joining Alston & Bird, Mr. Jafarnia served as a senior executive, as CCO and as in-house attorney for several alternative investment program sponsors including, most recently, having worked as counsel at American Realty Capital (ARC) and as CCO of its affiliated broker dealer, Realty Capital Securities. Prior to ARC, he served as executive vice president of Franklin Square Capital Partners, as CCO of FB Income Advisor, LLC, as assistant general counsel for Behringer Harvard, as CCO for Behringer Securities, LP, as VP, legal for CNL Capital Markets, Inc., and as CCO for CNL Fund Advisors, Inc. where in each case he was responsible for overseeing the regulatory compliance programs. Mr. Jafarnia received his LL.M. in securities and financial regulation in 2011 from Georgetown University Law Center and his J.D. from Temple University School of Law in 1992. Tom Jahncke Passco Companies

Mr. Jahncke is a Senior Vice President and Manager of Passco Companies, LLC, and since October 2001, Mr. Jahncke has been the President, CFO and a Director of 36

REISA Annual Conference & Trade Show 2013

Passco Capital, Inc. From August of 1998 to October of 2005, Mr. Jahncke was a Senior Vice President and Director of Passco Real Estate Enterprises, Inc. and National Sales Director. From May 1995 until August 1998, Mr. Jahncke served as National Sales Director and Senior Vice President of Captec Financial Group, Inc. He holds FINRA series 7, 22, 24, 27, 31, 39, 63 and 65 licenses. Mr. Jahncke received a Bachelor of Science degree from Cornell University in 1969 and a Masters of Business Administration from the University of Michigan in 1971. Sameer Jain American Realty Capital

Sameer Jain serves as Chief Economist and Managing Director of American Realty Capital, an investment services firm expressly focused on the alternative investment industry. Mr. Jain’s executive management and multifaceted responsibilities at American Realty Capital, include risk management, firm strategy, and direction development, as well as the analysis and evaluation of alternative investments. He has 18 years of industry experience during which his responsibilities have included formulating investment strategy, developing risk management practices and asset allocation models, creating thought leadership, and assessing and engaging real estate, private equity, and hedge fund managers. Prior to joining American Realty Capital Mr. Jain headed Investment Content & Strategy at UBS Alternative Investments, where he was also responsible for all illiquid investing across the platform. Prior to UBS, Mr. Jain served at Citi Capital Advisors Alternative Investments and SunGard System Access. He has written a number of academic and practitioner articles on alternative investments, many of which are available in the public domain at ssrn. com. Mr. Jain is a graduate of Massachusetts Institute of Technology and Harvard University. Brian Jones American Realty Capital

Brian D. Jones is Senior Vice President, Managing Director and Head of Investment Banking at American Realty Capital. Mr. Jones has more than 17 years’ experience advising public and private real estate companies and executing a broad range of complex strategic and capital markets transactions. Prior to American Realty Capital, Mr. Jones was a Director in the real estate investment banking group at Robert W. Baird & Co. Mr. Jones previously worked in the real estate investment

banking teams at Morgan Stanley & Co., RBC Capital Markets and PaineWebber. Mr. Jones began his career at PricewaterhouseCoopers, where he was a manager in the real estate tax advisory group focused on REIT and partnership tax structuring. Mr. Jones received a B.S. degree with honors in Agricultural and Managerial Economics from the University of California at Davis and a Master’s of Science in Taxation from Golden Gate University. Rob Kaplan Kaplan Voekler Cunningham & Frank

Rob’s practice is concentrated in the areas of securities, business representation and real estate investment. His experience representing businesses is wide ranging, including: business formation; mergers and acquisitions; general corporate and commercial law; securities compliance and offerings; tax; trade secrets; strategic partnerships/joint-ventures. Over his career, Rob has been counsel in securities offerings/ transactions and syndications worth over $2 billion. Rob spearheads the firm’s practice area on the JOBS Act and Regulation A. Rob has appeared on radio and television, as well as in print media, offering commentary on the JOBS Act. Recently, he was appointed for a four-year-term by Governor Robert McDonnell to the Virginia Board of Housing and Community Development. Rob is admitted to practice in the Commonwealth of Virginia and the District of Columbia, as well as before the U.S. District Court, Eastern District of Virginia. Kevin Keefe

Estate & Lodging Investment Banking Group. During his tenure at Bear, Stearns from 1996 to 2003, Mr. Kelsey worked with public and private real estate clients in securities placement, capital structuring, mergers and acquisitions, and dispositions. Mr. Kelsey also served as a loan officer for M&T Bank in New York City, underwriting approximately $75 million of loans for commercial apartment borrowers. Mr. Kelsey received an A.B. in History modified with Geography from Dartmouth College in 1990 and an M.B.A. with emphasis Finance/Accounting in 1995 from Cornell University’s Johnson Graduate School of Management. Randy Kenworthy Coachman Energy Holdings

Randy Kenworthy is the managing partner of Coachman Energy Holdings, a privately held energy investment and asset management firm that focuses on pursuing opportunities in unconventional reservoirs throughout the United States. In January of 2006 Mr. Kenworthy co-founded Caddis Capital, LLC, a mid-market private equity firm focused on highyield, atypical investments in proven market sectorsIn response to success experienced by Caddis in the oil and gas sector, he helped form Coachman Energy, LLC in late 2006. Charlie Kirven CNL

Advisors Group

Jeffrey Kob Hull Evans & Kob

David Kelsey Hamilton Point Investments

Mr. Kelsey oversees all aspects of the firm, including investments, financing, dispositions, personnel and operations. Prior to forming Hamilton Point Investments, LLC in 2009 with his partner, Matthew A. Sharp, Mr. Kelsey was a Principal of Trinity Hotel Investors, L.L.C. from 2003 to 2007. Prior to joining Trinity Hotel Investors, L.L.C., Mr. Kelsey was a Senior Vice President with Bear, Stearns & Co. Inc.’s Real

Mark Kosanke Concorde Financial Group

Mark G. Kosanke is a founding partner of the Concorde Financial Group of Companies. The group includes Concorde Financial Group, offering investment products, Concorde Planning Group, a Registered Investment Advisory firm, Concorde Accounting & Tax, primarily a high end tax practice, REISA Annual Conference & Trade Show 2013

37

Concorde Exchange Group, specializing in 1031 TIC Placements, and Concorde Properties, which owns, manages and develops real estate for personal investment purposes. Kosanke has over 23 years of accounting, tax, and operations experience and over 18 years of securities experience in both equities and real estate. Prior to Concorde, Kosanke was at the Detroit office of Price Waterhouse & Co. and concentrated on property management, real estate acquisitions and development. He is a graduate of the University of Detroit with a Bachelors of Science degree in Accounting and Finance. Auren Kule Citibank

Orchard. Mr. Laga also served as Vice President of a national real estate sponsor during which time he was involved in the management of the company’s portfolio of commercial real estate assets as well as analyzing acquisition opportunities. Prior to joining DFPG, Mr. Laga served as Chief Operating Officer for FR Risk Management, LLC, a division of FactRight, LLC, where he was responsible for managing and directing the firm’s broker/dealer services organization. Mr. Laga received a Bachelor’s of Science degree in Finance from the University of Utah and currently holds active Series 7, 24, 27, 51, 63 and 99 securities registrations. Keith Lampi Inland Private Capital Corporation

Wally Kunzman Kunzman & Bollinger

Mr. Kunzman has been actively involved in the securities area as a lawyer for over 30 years. He has drafted offering documents and performed all aspects of securities compliance in over 250 offerings over this period, including both registered offerings and Regulation D offerings. These offerings have been primarily in alternative investments. He serves as a FINRA arbitrator and has served on committees to the Oklahoma Securities Department, been an expert witness for the Securities Department of the State of Kansas in securities cases and worked with the states of Texas, Louisiana, and New Mexico concerning the enactment of securities exemptions for the oil and gas industry. Mr. Kunzman has been a member of the FINRA Series 22/39 Item Writing and Review Committee since 2008. Dave Laga

Keith D. Lampi has served as a director and the chief operating officer of IPC Corp. since May 2012 and November 2012, respectively. Mr. Lampi joined Inland in 2001 and has held various positions within IPC Corp throughout his tenure with the firm. He currently oversees IPC Corp.’s day-to-day operations, including its capital raising initiatives, marketing, investor relations, and the ongoing administration of existing investment programs. Additionally, Mr. Lampi serves on IPC Corp’s Investment Committee which is responsible for all decision making associated with acquisitions, financing, disposition and asset management related activity. He is also one of four members on the CEO Council which is responsible for directing the company’s long term strategic plans. Mr. Lampi received his B.A. in economics from the University of Illinois at Champaign. He holds Series 7 & 63 licenses with the Financial Industry Regulatory Authority and was recently featured in the August 2009 edition of Real Estate FORUM Magazine “Tomorrow’s Newsmakers: Top 35 under 35.” Melinda LeGaye MGL Consulting

DFPG Investments

Dave Laga is Chief Operating Officer of DFPG Investments, Inc. (“DFPG”) and also oversees the firm’s due diligence program. Mr. Laga began his career as a due diligence analyst and reviewed over $3 billion worth of securitized real estate transactions. In 2006, he became the Director of Due Diligence for Orchard Securities where he was directly involved in the coordinating, structuring and due diligence processes for those investment offerings managed by 38

REISA Annual Conference & Trade Show 2013

Rosemary Leong Sandlapper Securities

Rosemarie brings 15 years of experience in the securities industry. She currently serves as due diligence consultant to SANDLAPPER Securities, LLC,

Member FINRA/SIPC, a broker-dealer based in Greenville, SC. Rosemarie provides comprehensive investment due diligence to broker-dealers, sponsors, law firms, non-profits and other public and private entities. Additionally, she held positions in alternative investment wholesale and securities retail. Her breadth of experience includes managing a HNW financial planning team at Smith Barney in Los Angeles, CA, retail financial planning and client support at Paine Webber in Encino, CA, and a tenure in HNW client asset management at Prudential Financial in Los Angeles, CA and New York, NY, where she was designated #1 Prudential Financial Client Navigator Nationwide. Rosemarie earned a B.A. (Summa Cum Laude) from UBC Vancouver, Canada, an M.A. from Webster University, Geneva, Switzerland and attended Southwestern Law School in Los Angeles, CA. Rosemarie has native fluency in four languages and professional proficiency in two languages. Heath Linsky Morris Manning & Martin

Heath D. Linsky is a partner in the Corporate, Securities and Real Estate Capital Markets Practices. Mr. Linsky’s practice is concentrated in representing public and private companies in general corporate matters, securities offerings and compliance, mergers and acquisitions and real estate capital markets. Mr. Linsky has significant experience assisting public companies, including listed and nonlisted REITs, in securities offerings. He has represented companies registering approximately $12 billion in publically offered securities. Mr. Linsky also has represented dozens of companies in their mergers and acquisitions, in transactions ranging from $2 million to $1.4 billion. He also advises clients on corporate governance, audit and special committee matters, and general securities law compliance, such as Exchange Act reporting and listing requirements. Mr. Linsky represents clients in diverse industries, including among others, real estate, technology, medical device, alternative investments and finance. He also advises hedge funds in their formation and organization, including “fund of funds” and masterfeeder funds. Robert Yu Loo Whitehall-Parker Securities, Inc.

1981. He became an RR in 1984, starting with Merrill Lynch and went to the independent side in 1991. In 2006, he purchased Whitehall-Parker Securities and received his series 24 principal license. Don MacKinnon American Realty Capital

Matt Malone Snyder Kearney

Matt focuses his practice on the representation of brokerdealer clients in connection with public and private securities offerings. Matt provides advice and counseling on regulatory, due diligence, and related issues. Matt received his JD from the George Washington University Law School in 2005 and a BA in Economics from the University of Maryland in 2001. Matt is a CFA charterholder. Greg Mausz Cape Securities

Greg Mausz is currently Managing Director of Cape Securities and Cape Investment Advisory, a nationally ranked independent broker dealer and SEC registered RIA. Most recently Greg held the role of Chief Operating Officer of Investaire, a FactRight Company who provides due diligence, research and educational resources for registered representatives and RIAs around the country. Mausz began his career in consulting in the governmental sector working for the Council of Cooperating Governments. He switched from a governmental focus to personal consulting when he became a financial advisor with Prudential Securities, Inc. Greg received a BS in Business Management from Samford University and a MBA from the Executive Program at Kennesaw State University. Mausz currently holds FINRA licenses 7, 24, 63, 65 & 79 and is also insurance licensed. He is the Chairman of the DPP Designation Committee with REISA.

Robert graduated from Loyola University, Los Angeles, with a degree in business and finance. Robert has been associated with the financial service industry since

REISA Annual Conference & Trade Show 2013

39

Amy McIlwain Financial Social Media

Entrepreneur, author, speaker, and worldwide connector, Amy McIlwain is recognized internationally for radical new ways of thinking about Social Media. Amy launched Financial Social Media in 2010 which specifically addresses the compliance issues surrounding social media and the financial industry. With her unique background in both online marketing and financial services, she knows which media vehicles work and the marketing language needed to deliver results. Amy continues to teach others about the power of Social Media marketing and has conducted many live trainings and webinars for thousands of people worldwide. Additionally, her content has been featured in several top financial industry publications, programs, blogs, and websites, including the Wall Street Journal, NBC, ABC, and Fox. Brannon McPherson MDS Energy

Brannon is the Managing Vice President of MDS Energy Development and Vice President of Sales –National Accounts for MDS Securities, LLC. From March 2007 until joining MDS Energy Development in Dec. 2011, Mr. McPherson was employed as Regional Marketing Director by Atlas Energy, L.P. Previously, he worked as an institutional sales and marketing consultant for the Teachers Insurance Annuity Association-College Retirement Equities Fund (TIAA-CREF) from Jan. 1995 until March 2007. He is the author of Front Range Fatties: The Best Mountain Biking Trails in the Front Range (released 1996). Mr. McPherson received a B.A. and an M.B.A. degree from Regis University. He resides in Denver, Colo., with his wife and three children. He serves on the Board of Directors for Denver Urban Scholars, a nonprofit that provides mentoring and scholarships to at-risk youth in the Denver area. Kirk Michie Triton Pacific

Kirk Michie brings 30 years of experience in investment and wealth management including private equity and alternative investments, financial and estate planning, asset allocation, retirement income planning, banking, insurance, and family office services. Most recently, prior to joining Triton Pacific to lead their capital markets team, Mr. Michie built and ran the Private Client 40

REISA Annual Conference & Trade Show 2013

Group at Kayne Anderson Rudnick. Kirk has served in both client facing and management roles at Sanford C. Bernstein & Co., Inc., Bessemer Trust, Merrill Lynch, and Wells Fargo. In all instances Kirk has been integrally involved with strategy, platform development, acquisitions, investment policy, pricing, vendor relations, and compliance. A frequent speaker at industry conferences and past contributor to Tiburon Strategic Advisors CEO Summits, Michie has been at the forefront of the adoption of social media for investment advisors, and an active proponent of transparency and the democratization of alternative investments. Kirk received his BS from USC. Joe Miller Independent Financial Group

Joe Miller is the CEO of Independent Financial Group, LLC (IFG) an independent Broker Dealer headquartered in Del Mar, CA. He joined IFG in November 2003 as a Managing Director and CEO. Miller began his career in the financial services business as a Registered Representative in 1983 and received the Certified Financial Planner designation in 1987. In 1988 he co-founded United Pacific Securities, Inc. where he oversaw Alternative Investments Due Diligence and has garnered over 20 years of experience in that field. Miller earned a Bachelor’s Degree in Economics from the University of California, San Diego, is a Registered Principal in General Securities Options, Municipal Securities, Direct Participation Programs and Financial Operations, and holds Series 7, 63 and 65 licenses. Michael Miller Sigma Financial

Michael Miller serves as due diligence officer for SIGMA Financial Corporation and Sammons Securities Company, LLC. With a focus on alternative investments Michael is responsible for all product analysis to determine if the brokerdealers will secure selling agreements in real estate, oil and gas, equipment leasing, hedging strategies, managed futures programs as well as more highly specialized offerings. Michael has earned his Certified Public Accountant (CPA), Personal Financial Specialist (PFS), Certified Financial Planner (CFP), Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC) and is a Certified Wealth Strategist candidate.

Paula Miterko

Aubrey Morrow

Miterko & Associates

Financial Designs, Ltd.

Paula is the principal of Miterko & Associates, an independent due diligence consulting firm that was formed in 1989. She has been responsible for investment research and portfolio monitoring of private and public securities issues for over 25 years. For three years, Ms. Miterko was a Due Diligence Analyst with a large national broker/dealer located in Atlanta, Georgia. She worked with a NYSE member brokerage firm in Dallas where, in addition to front-end analysis, Ms. Miterko was responsible for certain workouts and debt re-negotiations for poor performing partnerships that were sold by the firm prior to her arrival. Ms. Miterko actively participates in the Investment Program Association (IPA) and currently serves as the Chairman of the Due Diligence Committee for that organization, The National Due Diligence Association (NDDA) and REISA. She holds a Bachelor of Business Administration in Finance/Economics from the University of Georgia. Investment Advisor Magazine selected Ms. Miterko as one of the top Due Diligence Leaders in 1992, 1993 and 1994. Mitch Morrison

Aubrey Morrow is President of Financial Designs, Ltd in San Diego. He has over 30 years in the business and is a CFP and his firm is an RIA. His background includes co-authoring five books on financial planning. He serves on the Advisory board of San Diego State University School of Finance, and has served as President of the San Diego Chapter Financial Planning Association and was elected to the National Board of Directors. He also served on the Board of Directors local San Diego Bank and a consultant to San Diego Not-for-Profit Organizations. He served in the US Marines during Vietnam with final rank of Captain. He was later as a marketing rep for IBM before entering the financial planning business in 1976. His firm is fee-based and much of his marketing is a result of his radio show, “The Financial Advisors,” in San Diego on AM 600 KOGO on Saturday mornings. Lilian Morvay Catlin

Financial West Group

Mr. Morrison has 35 years’ experience in financial services. Mitch has held senior positions with: E.F. Hutton, McGuinness and Associates, American Skandia, Travelers Insurance, Citigroup, Paladin Reality, and Vertical Capital Markets. He is a Registered Fiduciary and a nationally known speaker on foundations/charitable gift planning. Mitch was also formerly with the Federal Bureau of Investigation stationed in Washington D.C. and New York City. He is the author of “Charity is a Contact Sport” as well as the creator of the Certified Charitable Gift Planner (CCFP) designation certified by the California Bar Association. He is the founder of Charitable Alliance Foundation and has appeared on numerous news television and radio programs including “Good Morning America”, ABC, CNN, NBC and CBS in support of his national fund raising efforts for both 9/11 World Trade Center relief and Hurricane Katrina disaster relief. Mitch holds the following FINRA licenses: Series 7, 24, 39, 63, 65, and CA Insurance license for life and VA contracts. He is a graduate of the University of Southern California, B.A. School of Journalism, and George Washington University, M.S. Forensic Science.

Rick Murphy Berthel Fisher

Rick started with Berthel Fisher in 1995 as Director of Sales & Marketing for its equipment finance subsidiary. In January of 2011, Rick was promoted to President of the Financial Services Company. Prior to joining Berthel Fisher, Mr. Murphy was a principal owner of two agricultural related businesses for 15 years. He attended Texas Christian University. Gloria Nelund TriLinc Global

REISA Annual Conference & Trade Show 2013

41

Cory Neumiller Capital Financial Services

Michael Ning Arque Capital

Michael Ning is President and CEO of Arque Capital, Ltd., a full-service investment bank and wealth management oriented broker-dealer. In 1999, Mr. Ning founded Wedbush Securities’ wealth management department and created a successful alternative investment platform becoming one of the earliest adopters of global hedge fund and private equity fund applications to enhance traditional long-only manager based investment portfoliosIn 2005, Mr. Ning started an international private equity fund investing into financial service companies. Mr. Ning was formerly with Shearson Lehman Hutton, Oppenheimer & Co., and Merrill Lynch International. Mr. Ning is a graduate of UCLA and a former Coro Foundation Fellow in Public Affairs. He is also a former member of the Asian Pacific Congressional Advisory Council for Congressman Ed Royce, former chairman of the Parks & Recreation Commission for the City of Torrance, CA, and former Board President of the Dashew International Center at UCLA. Mr. Ning is currently Vice Chairman of REISA’s Capital Markets Sub-Committee. Jim Ortlip Kalos Financial

investments sponsor of public and private corporate finance and real estate programs in the brokerdealer and RIA channels. Products included more than a dozen business development companies, REITs, and single and multi-asset funds. As a leader in the securitized real estate industry, he has been instrumental in the development of more than 100 public and private offerings, and programs resulting in the procurement of more than $2 billion in assets since 2005. Mr. Oschin was President of the REISA Board of Directors in 2012 and is currently serving as Immediate Past President. He was honored with the 2009 ACE Award presented by REISA for outstanding leadership and service to the association and the real estate securities industry. In 2010 he received the REISA Distinguished Service Award. Eric Perkins Perkins Law

Eric C. Perkins, Esq. is the founder of Perkins Law, PLLC in Richmond, Virginia. A charter member of REISA, Eric specializes in Regulation D offerings and compliance. He represents sponsors in structuring and documenting private offerings and has also represented registered representatives and investors on a variety of Regulation D compliance and transactional matters. Eric serves on REISA’s editorial subcommittee, having chaired the committee in 2011. He has written numerous articles for REISA publications and been a panelist at multiple REISA conferences. Eric is also actively involved with the United States Tennis Association, serving as chair of the national Tennis Rules and Regulations Committee. Eric graduated Phi Beta Kappa receiving a B.A. with Distinction in Economics from the University of Virginia, and he earned his J.D. from the University of Virginia School of Law. Derek Peterson Walton International Group

Daniel Oschin For more than twenty five years, Daniel Oschin has owned, operated and managed businesses in a range of industries, including securities and financial services, real estate, asset management, international and domestic manufacturing, retail, non-profit and trust management. Most recently, Mr. Oschin led the launch of a new multi-product alternative 42

REISA Annual Conference & Trade Show 2013

Derek Peterson is Senior Vice President of Business Development for Walton International Group and on the Board of Directors for Walton Securities, Inc. managing broker / dealer. Mr. Peterson works with independent broker dealers and RIAs nationally to serve financial advisors, speaks regularly at national investment forums and is a member of IPA, REISA and FSI. He has been in financial services since 1988 as a licensed representative for over 20 years. Prior to

joining Walton, Mr. Peterson was Chief Marketing Officer for Cole Capital Markets. He was also Regional Vice President of Sales with a leading equipment leasing sponsor. Mr. Peterson received his Bachelor of Business Administration Degree from University of California, San Jose in 1988 and holds Series 24, 7 and 63 licenses. Shim Plotkin Plotkin Financial Advisors

As the founder and president of Plotkin Financial Advisors, Shim Plotkin leads a devoted team of specialists and service professionals. Holding engineering degrees in electrical engineering, mechanical engineering and a master’s degree in industrial management, he began his career in the financial industry in 1974 when he joined Citibank in their Wall Street operations. With a desire to assist families with their long-term financial goals, Shim joined a registered investment advisory firm, Carroll, Frank & Plotkin, LLC, in Baltimore in 1996. After building a successful business and becoming a CFP® in just 5 years, Shim created his own Registered Investment Advisory firm, Plotkin Financial Advisors, in Chevy Chase, Md. Joe Price

He was an Economics major at the University of Wisconsin and received his law degree from Fordham University. Brandon Reif Winget Spadafora & Schwartzberg

Brandon S. Reif is the Managing Partner of Winget Spadafora and Schwartzberg LLP’s California office and shares responsibility for its management and operations. Mr. Reif has been most active representing the securities and financial services industries in lawsuits, arbitration proceedings and regulatory enforcement actions. Mr. Reif has handled hundreds of securities and financial services disputes pending throughout the United States in state and federal courts and in arbitration proceedings before FINRA (formerly NASD and NYSE), AAA and JAMS involving the full range of securities and financial products offered to the public. Eric Retzlaff ATEL Energy

Financial Industry Regulatory

Authority (FINRA) Joseph E. Price is the Senior Vice President, Corporate Financing/Advertising Regulation at FINRA. The FINRA Corporate Financing Department regulates capital-raising activities of broker/dealers; including equity, debt, REIT, closedend fund and limited partnership offerings. The FINRA Advertising Regulation Department regulates broker/ dealer sales materials, mutual fund advertisements and other communication with the public. Joe previously worked in various capacities at the Securities and Exchange Commission (SEC). He was an Assistant General Counsel and a Special Counsel in the Office of General Counsel, he was the Deputy Chief of the Office of Disclosure and Investment Adviser Regulation in the Division of Investment Management. Prior to working at the SEC, he was a litigator in the Bureau of Competition at the Federal Trade Commission. Joe also worked as a Compliance Investigator at the Coffee, Sugar and Cocoa Exchange. He was an Adjunct Professor at Georgetown University Law Center from 1994 to 2003, where he taught “Current Issues in Securities Regulation” and “Disclosure under the Federal Securities Laws.”

David Rupert Griffin Capital

Mr. Rupert’s 31 years of commercial real estate and finance experience includes over $5 billion of transaction volume on four continents. Mr. Rupert served as Chief Operating Officer of Griffin from 2000-2008 and left to pursue two entrepreneurial opportunities (co-heading an opportunistic hotel fund in partnership with The Olympia Companies, an 800-employee hotel owneroperator, and serving as partner in a private equity firm focused on hotel and multifamily residential development in Eastern Europe) before rejoining the firm as President in 2010. For more than 15 years, Mr. Rupert has lectured in graduate-level real estate and real estate finance courses in Cornell’s masters-level Program in Real Estate, where he is a founding Board Member. Mr. Rupert was also recently appointed a Founding Board Member of the Harvard Business School Real Estate Alumni Association. Mr. Rupert received his B.A. degree from Cornell in 1979 and his M.B.A. from Harvard in 1986.

REISA Annual Conference & Trade Show 2013

43

Janice Ryan Select Capital Corporation

Ms. Ryan is responsible for National Accounts and Marketing. She has been actively involved in the investment business since 1980 when she began her career as a stockbroker for Bateman, Eichler, Hill, Richards. She has acted as the Western Regional Manager for Royal Alliance Associates and has been responsible for National Accounts and Marketing for product sponsors in real estate, variable annuities, equipment leasing and third party money management. She earned a B.S. degree from the University of Southern California in Business with a dual emphasis in corporate and investment finance. She earned her Chartered Financial Analyst designation in 2003. Ms. Ryan holds FINRA series 7, 24, 53, 63 and 66 licenses. Zia Sabir Mick & Associates, P.C. LLO

Zia Sabir has joined Mick & Associates, P.C. LLO as Vice President Business Development, bringing fourteen years of financial services experience. His principal focus will be creating new business with registered investment advisors, while also servicing and expanding Mick & Associates’ relationships with broker-dealer clients. Prior to his engagement with Mick & Associates, Mr. Sabir spent nearly two years with GWG Life, where his primary function was to secure selling agreements with independent broker-dealers and registered investment advisors. Mr. Sabir spent his previous two years with Walton International Group as VP of Business Development. Before joining Walton, Mr. Sabir was with Oppenheimer and Co, where he served eight years as Executive Manager of Technology, Western Region. Previous to Oppenheimer, he started his career in the Pentagon as a consultant to the US Army, Global Technology Network. Mr. Sabir received his BS in 1992 from Radford University in the Commonwealth of Virginia. Gail Schneck FactRight Risk Management

Gail is responsible for providing a full spectrum of FR Risk Management services, including Investment Committee Report preparation and presentations, product and program specific educational webinars, platform reviews and program recommendations, and risk disclosure documentation. 44

REISA Annual Conference & Trade Show 2013

From 2006 to 2012, Gail served as the Chief Due Diligence Officer for Buttonwood Investment Services. Prior to that time, she was an independent financial planner. Gail earned a bachelor’s degree from Sarah Lawrence College, a master’s degree in economics from Duke University, and an MBA in Finance from New York University. She is also a CFP and an adjunct faculty member with the College of Financial Planning, for which she teaches Estate Planning and Income Tax Planning classes to prospective CFP certificants. Gail has held FINRA licenses for Series 7, 63, and 65. She has also held FINRA licenses for life and health insurance. Michael Schwartzberg Winget, Spadafora & Schwartzberg

Michael Schwartzberg is a co-managing partner of Winget, Spadafora & Schwartzberg, LLP. Mr. Schwartzberg’s practice focuses primarily on the litigation and arbitration of corporate and commercial disputes, with an emphasis on securitiesrelated claims. Mr. Schwartzberg has substantial experience representing securities broker-dealers, registered representatives and other professionals throughout the United States in a wide array of customer and industry disputes before the Financial Industry Regulatory Authority (“FINRA”), as well as various state and federal courts. In addition, Mr. Schwartzberg has substantial experience handling regulatory investigations and proceedings, as well as advising clients on securities industry agreements. Mr. Schwartzberg is a 1986 graduate of Cornell University, where he earned his B.S. in economics. He attended the Benjamin N. Cardozo School of Law, receiving his J.D. in 1989. Mr. Schwartzberg is admitted to practice law in New York. He is also admitted to the New York State Bar and the United States District Courts for the Southern and Eastern Districts of New York. Bob Seawright Madison Avenue Securities

Robert Seawright is a registered representative and an investment advisor representative at Madison Avenue Securities, a Broker- Dealer and Investment Advisor. Bob earned his undergraduate degree from the State University of New York and his J.D. from Duke University. He practiced law for a decade before being recruited to Wall Street and what was once Merrill Lynch. At Merrill, he was a highly successful financial advisor and served on the Chairman’s Advisory Council, a small group of senior representatives who met regularly with executive management to

provide advice with respect to the firm’s strategy and direction. At Madison, Bob’s role is as thought leader for the firm’s independent advisors, providing counsel and guidance with respect to the latest industry trends, research and best practices. He holds multiple licenses and specialty designations for securities and for insurance products, including Series 7, 66 and 24. Scott Sheehan 1031 Investment Services

Financial Planning, Inc., an investment firm which manages over $100 million of assets and continues to provide investment, insurance, and lending services to investors throughout the western United States. Mr. Smith serves as a member of DFPG’s investment committee and has reviewed and analyzed hundreds of commercial real estate offerings over his career. He received a Bachelor’s Degree in Economics from the University of Utah and currently holds active Series 7, 24, 66 and 99 securities registrations. Scott Smith FactRight

Kevin Shields Griffin Capital Corporation

Mr. Shields is the Chairman and Chief Executive Officer of Griffin Capital and chairs the Investment Committee. His responsibilities include managing the firm’s strategic direction and financial management and investor reporting. Mr. Shields has nearly 30 years of real estate experience encompassing well over $3 billion in transaction volume and in excess of 175 transactions. Mr. Shields commenced his career acquiring apartment buildings in the San Francisco Bay Area, and later practiced real estate and tax law for two San Francisco-based law firms. In 1986, Mr. Shields joined the real estate finance department of Salomon Brothers Inc. in that firm’s New York and Los Angeles offices and was engaged in real estate asset valuation, underwriting and brokerage, structured debt underwriting and securities placement in the private, Rule 144A and public debt markets as well as mergers and acquisitions advisory work and the restructuring of real estate debt and equity instruments on behalf of partnerships and financial institutions. Following his career at Salomon, Mr. Shields ran a structured real estate finance group for Jefferies & Company, Inc. in its Los Angeles office. Ryan Smith DFPG Investments

Ryan O. Smith is co-founder of DFPG Investments, Inc. and serves as its President and Chief Compliance Officer. DFPG is a full service, independent broker/dealer with industry leading expertise in securitized real estate and alternative investments. Mr. Smith has been involved in the securities industry since 2001. In 2004, Mr. Smith founded Diversified

Scott oversees due diligence evaluations and reporting tools used by the firms’ broker dealer clients. Prior to joining FactRight, Scott served as director of alternative investments at Ameriprise Financial, where he sat on the investment committees for all alternative investments sold at the firm, negotiated large scale selling agreements, and oversaw product management and due diligence on private placements and structured products. Prior to that, Scott served as vice president and in-house counsel for National Healthcare Properties, where he was responsible for directing tenant-in-common (TIC) acquisitions, SEC- and FINRA compliant marketing materials, and the firm’s private placement offerings. Scott’s previous experience includes roles as national sales director for CapWest Securities and as vice president of LandAmerica’s 1031 Exchange Services. He began his career practicing insurance and real estate law in St. Louis, Missouri. Scott is a member of the Missouri Bar and the Minnesota Bar. He is also a FINRA-licensed general sales representative (Series 7 and 66 licenses). Scott earned a Bachelor of Arts degree in political science and economics from the University of Missouri–Columbia and received his juris doctor degree from the University of Missouri School of Law. Tim Snodgrass Axxcess Capital

Tim Snodgrass is the founding partner of Axxcess Capital and founding partner of Argus Realty Investors. He is a founding member and past president of REISA. Prior to Axxcess, he was the previous Director of National Accounts for Investment Property Exchange Services, Inc., where he processed more than 8,000 new exchanges per year at a transaction value of more than $10 billion. He holds a Bachelor of Arts degree from San Diego State University and a J.D. from Thomas Jefferson School of Law. REISA Annual Conference & Trade Show 2013

45

Todd Snyder Snyder Kearney

Todd is the firm’s founder and has over 20 years of legal, financial and due diligence experience with a wide variety of direct placement programs, including real estate, secured lending, oil and gas, equipment leasing, lowincome housing, venture capital, hedge funds and investment advisory services. In addition to practicing corporate and securities law, Todd was formerly the Vice President of Due Diligence for H. Beck, Inc., a registered broker-dealer. Todd is admitted to practice law in the State of Maryland and the District of Columbia and is licensed as a Certified. Public Accountant in the State of Maryland. Todd was awarded the Elijah Watts Sells Award with High Distinction from the American Institute of Certified Public Accountants. Todd holds a JD, a BA in Economics and a BS in Business from the University of Maryland. Woody Soemantoro Catalyst Energy

Woody Soemantoro is the National Sales Director at Catalyst Energy, Inc. With over 20 years of experience in the Securities Industry, he is responsible for syndication of the Catalyst programs in the broker/ dealer community. Prior to joining Catalyst Energy, Inc., Woody was the Western Regional Sales Director for Texas Energy Holdings, Regional Vice President for Evergreen Realty Group, and the Assistant Vice President at Wells Real Estate Funds for Southern California. Notably, in 1990 he started his career as an analyst with an institutional money manager in Washington, DC and started his own book of business in 1995 as a Vice President at Prudential Securities in Denver, Colorado. He earned his Bachelors of Science in Economics/ Math from George Mason University in Virginia. Gary Stair Mewbourne

Gary is the Manager of Investor Services for Mewbourne Oil Company where he has managerial and sales responsibilities over Mewbourne Energy Partners, L.P. Gary is a 1983 graduate of Texas Tech University with a Bachelor of Science degree in Petroleum Engineering.  Gary started his career with Mobil Oil Company and has a wide range of experience in both onshore and offshore petroleum operations.  Gary 46

REISA Annual Conference & Trade Show 2013

also spent 15 yrs working in the Refining, Petroleum Chemical, and the Power Generation Industry before joining Mewbourne Oil Company as the Manager of Investor Services.  Gary and his wife Susan reside in Tyler, Texas and have two daughters Sarah and Mary Katherine.   Christopher Stambaugh DLA Piper

Christopher Stambaugh is a partner in DLA Piper’s Real Estate Capital Markets group. He advises public and private real estate funds on corporate and securities matters including fund formation, public securities offerings, private placements, tender offers, joint ventures, corporate governance and ongoing securities law compliance. Mr. Stambaugh focuses his practice on the non-traded REIT industry, having represented numerous publicly offered non-traded REITs sponsored by Dividend Capital, Behringer Harvard, KBS Capital Advisors and Wells Real Estate Funds, among others. Mr. Stambaugh also counsels broker-dealers on compliance with applicable regulations of the Financial Industry Regulatory Authority (FINRA) in connection with the distribution of securities. Darryl Steinhause DLA Piper

Darryl Steinhause is a partner at DLA Piper. With more than 30 years of experience in highly technical securities and tax transactions, Mr. Steinhause has structured securities offerings for a wide variety of significant clients across the country, acting as lead counsel on several billion dollars of fund, debt, tenant in common (TIC), Delaware statutory trust (DST), real estate investment trust (REIT) and other offerings. He has represented both sponsors and institutional investors in a variety of deal structures, including publicly registered transactions, private placements and institutional funds. His experience also includes structuring lending transactions and loan workouts for borrowers particularly involving TICs, REITs and DSTs. Recognized as one of the foremost professionals in the industry, Mr. Steinhause is at the forefront of the securities industry in developing new structures. Noted for his ability to create solutions and structure complex deals, Mr. Steinhause has acted as tax and securities counsel to over US$5 billion of DST, REIT and TIC acquisitions.

Seth Taube Sierra/Medley

Seth Taube serves as Managing Partner of Medley, LLC, and as a Director of Medley Capital Corporation, a business development firm publicly traded on the New York Stock Exchange. A seasoned financial services professional, Seth Taube has 20 years of experience in structuring complex deals, executing due diligence, and arranging financing. In addition to his work with Medley Capital, Mr. Taube is Chairman and CEO of Sierra Income Corporation. Founded in 2012, Sierra Income invests in American companies via senior secured debt, second lien debt, and subordinated debt. Prior to joining Medley, Seth Taube founded T3 Group, LLC where, he served as CEO of the firm, which focused on distressed companies and assets. He also held senior positions with Tiger Management and Morgan Stanley & Co., where he managed $1.4 billion of distressed assets, loan portfolios, and corporate acquisitions. A graduate of Harvard University, Seth Taube earned an MBA from the Wharton School of Business at the University of Pennsylvania. He also earned a Master of Letters from the University of St. Andrews in Scotland, one of the premier schools of higher education in the United Kingdom. Lisa Tolar Alabama Securities Commission

Tim Toole NorthStar Realty Securities

As President, Mr. Toole is responsible for the day-to-day management of NorthStar Realty Securities. He brings to this position more than 20 years of successful leadership at various public and private real estate and investment companies. Mr. Toole has spent a significant portion of his career structuring and directing sales and distributions teams introducing diverse offerings—such as variable annuities, structured products, unit trusts and others— to the marketplace. Before joining NorthStar in September 2009, Mr. Toole was Divisional Vice President of RiverSource Investments, the investment management arm of Ameriprise, where he managed the distribution team responsible for

$3.3 billion in sales throughout the central and western United States. Previously, Mr. Toole served as Director of Hines Real Estate Securities, a global real estate investment firm, as well as Director of Business Development and Distribution with Fixed Income Securities, Director of Alternative investments and Strategic Planning with Deutsche Bank/Scudder investments and Senior Vice President for the Insurance Products Division of Kemper/Scudder Investments. Mr. Toole is a former NAVA presenter and a member of the Financial Planning Association, the Investment Program Association and the Institutional Management Network. Rusty Tweed Tweed Financial Services

Robert “Rusty” Tweed is President and Founder of Tweed Financial Services, Inc., an independent financial and estate planning firm located in San Marino California. He is a Certified Estate Advisor® and past board member of REISA. In 1999, Rusty was selected Estate Planner of the Year by the National Association of Financial Planners (NAFP) and subsequently served on the professional associations Board of Advisors. Tweed Financial Services, Inc. 2060 Huntington Dr., Suite #1, San Marino, CA 91108, 626588-1520 or 800-526-1599, www.tweedfinancial. com . Securities products offered through Concorde Investment Services, LLC, member FINRA/ SIPC. Advisory services offered through Tweed Financial Services, Inc., a registered investment advisor. Tweed Financial Services, Inc. is independent of Concorde Investment Services, LLC. Joshua Ungerecht ExchangeRight Real Estate

Joshua currently serves as CEO and Chief Investment Officer of JRW Investments, Inc. and a managing member of ExchangeRight. Since 2006 he has established the Firm’s Due Diligence department as an industry leader in securitized real estate analysis. Together with Warren Thomas, Joshua has overseen the acquisition of over $500 million in real estate since 2003. Joshua graduated from The Master’s College Summa Cum Laude with a B.A. in Theology, Apologetics, and Missions and is currently on leave from Talbot Graduate School, where he was pursuing an M.A. in Philosophy of Religion and Ethics. He also maintains Series 7, 22, 24, 63 and 65 Securities Licenses.

REISA Annual Conference & Trade Show 2013

47

Bradford Updike Mick & Associates

Brad Updike joined Mick & Associates on August 15, 2006. Mr. Updike’s practice focuses on oil and gas, real estate fund and private equity due diligence and advertising review. Prior to joining Mick & Associates, Mr. Updike worked as an attorney at Securities America, Inc. (“SAI”), where he provided legal support to the SAI Compliance Department on tax planning and securities advertising regulation. Prior to joining SAI in October 2003, Mr. Updike was in private practice, focusing on general tax planning and real estate litigation support. Mr. Updike received his JD with honors from the University of South Dakota School of Law in 2000, and he received his LLM in Taxation from the University of Florida School of Law in August 2006. Jason Vanclef VFG Securities

Jorge Villar

TIC, private equity and hedge fund syndications. He has advised companies relative to “going private” transactions and public and private companies and non-profits with respect to corporate governance as well as securities law reporting compliance and other general corporate matters. Jackie Wadsworth IMS Securities

Founder and C.E.O. of the IMS Companies, comprised of IMS Securities, Inc., a FINRA broker/ dealer (founded 1994), IMS Financial Advisors, Inc., an SEC registered investment advisory firm (founded 1995) IMS Insurance Agency, Inc. a Texas Corporate insurance agency, and IMS, Inc., a consulting firm(founded 1984). Jackie was named as one of the top 50 Woman Owned Businesses in Houston, Texas for three consecutive years, and the IMS Companies have been listed yearly among the top ten brokerage firms in Houston each year since 1996. She serves on the board of directors for her neighborhood subdivision, and is a board member of The National Due Diligence Association. She has also served as expert witness in FINRA arbitrations and in several court cases. Melissa Wall CNL

RME

Tom Voekler Kaplan Voekler Cunningham & Frank

Tom is the Co-Founder and Managing Partner of Business Operations at Kaplan Voekler Cunningham & Frank, PLC. His legal practice focuses primarily on corporate finance, public and private securities offerings, including private equity and hedge funds and corporate governance issues, with a particular concentration on real estate investment trusts (REITs), 1031 syndications (DSTs) and private placements of real estate investments. Tom’s client representations include leading regional, national and international investment banking firms in initial and follow on public offerings, and private placements for REITs. He has counseled numerous sponsors on REIT, DST, 48

REISA Annual Conference & Trade Show 2013

Bradford Watt Behringer Securities LP

Bradford (Brad) L. Watt is executive vice president and managing director of net lease investments for Behringer Securities LP. In this role, Mr. Watt manages strategic relationships and expansion initiatives supporting the company’s net lease and 1031 Exchange platform. During his 28 years of real estate investment experience, Mr. Watt has raised in excess of $4 billion of equity and debt capital for both public and private real estate investment programs. Prior to joining the company in November 2012, Mr. Watt served as president and managing director of Petra Capital Advisors, LLC, a private equity real estate firm (2010–2012). His previous industry positions include: co-president of Realty Capital Securities and executive vice president of its affiliated advisor—

American Realty Capital; executive vice president and managing director for Cole Capital, and chief operating officer for CNL Income & Growth Funds. Mr. Watt received a Bachelor of Business Administration degree from Grand Canyon University in Phoenix, Arizona. He also holds FINRA Series 7, 24, and 63 securities registrations. Chad Weaver Edgerton & Weaver

Chad Weaver is a partner and co-founder of Edgerton & Weaver. Chad is a trial attorney with civil litigation experience in numerous state and federal courts, as well as various arbitration forums, such as the Financial Industry Regulatory Authority. Chad’s litigation practice is primarily focused on defending professional liability claims, with a particular specialty representing financial institutions and individuals in customer-related disputes and regulatory matters before the Financial Industry Regulatory Authority, the California Department of Corporations, and the Securities and Exchange Commission. Chad graduated Order of the Coif from the University of San Diego School of Law, and obtained his undergraduate degree from the University of California, San Diego. He has been the yearly recipient of California Super Lawyer Rising Star Award since 2009. He is a member of the State Bars of California and Florida. Michael Weil

Lou Weller Bryan Cave

Lou Weller is Of Counsel to the national law firm Bryan Cave LLP and a member of the firm’s Tax Advice & Controversy practice group. Lou retired in 2012 as a principal in Deloitte Tax LLP, where he served as National Director, Real Estate Transaction Planning and led the firm’s. Like-Kind Exchange Practice group. Lou is based in San Francisco. Lou has practiced tax and business law for more than 30 years. He has extensive experience designing and implementing strategies for real estate and business asset acquisitions, transfers, exchanges, leases, financing, work-outs, business start-ups, limited liability companies, partnership and joint venture formations, transactions involving REITs, capital raising through placement of partnership interests and stock, as well as counseling clients on achieving business and personal tax planning objectives. He also owned and for more than 20 years operated a like kind exchange qualified intermediary business. Randy Williamson Eastdil Secured/Wells Fargo

American Realty Capital

Michael Weil was appointed President of American Realty Capital in February 2012. In his role, Mr. Weil continues to uphold the company’s industry best practice standards and basic principles of risk diversification across the many investment sectors in which the Company and its Partners seek to provide strong risk-adjusted returns to shareholders. Mr. Weil was formerly Senior Vice President of Sales and Leasing for American Financial Realty Trust (“AFRT”) where he was responsible for the disposition and leasing activity for a 37.3 million square foot portfolio. During his tenure at AFRT, his division increased occupancy and portfolio revenue through the sale of over 200 properties and leasing of over 2.2 million square feet, which greatly increased shareholder value. Mr. Weil serves as President  and a member of the Board of Directors of REISA, the leading alternative investments association providing education, networking and advocacy for members. He holds his Series 7, 63 and 24 securities licenses and attended George Washington University.

Bill Winn ValueRock Equity Realty Partners

Mr. William Winn is President  & CEO of ValueRock Realty Partners Inc. Mr. Winn has extensive experience in directing and managing all types of retail properties, and has the ability to create additional value through re-tenanting, maximizing operating revenue, strategic acquisitions, redevelopment, and financing. Mr. Winn brings 25 years of real estate experience to the firm including corporate leadership, acquisitions and asset management. Prior to joining ValueRock Realty Partners, Mr. Winn was VP of Asset Management, COO and President of Passco Companies LLC between 1998 and 2013. Mr. Winn led the growth of Passco’s assets under management (AUM) from $100 million to more than $2.5 billion at its peak by acquiring retail shopping centers and regional malls, class A multi-family, multi-tenant industrial and land for development. Mr. Winn is a CPM and CSM, and he REISA Annual Conference & Trade Show 2013

49

Dustin Zachmeyer

received his Bachelors of Science degree from Cal Poly Pomona and MBA from the Garziado School of Business and Management at Pepperdine University. He is Co-Chair of REISA’s Conference Planning Committee, was REISA’s President in 2009 and is currently a Director. Dana Woodbury

Griffin Capital Corporation

Dustin Zachmeyer is Vice President of Due Diligence at Griffin Capital Corporation. In this role he is responsible for coordinating due diligence for various investment products Griffin Capital makes available to individual investors through the independent broker dealer channel. He is also spearheading the company’s research efforts. Prior to joining Griffin Capital, the majority of Mr. Zachmeyer’s experience was on the broker dealer side of the investment business, previously serving as Director of Product Sales & Services at Berthel Fisher & Company Financial Services, Inc. Mr. Zachmeyer has served on the Board of Directors for the Real Estate Investment Securities Association (REISA), a national trade association dedicated towards alternative investments. Mr. Zachmeyer received his Master’s in Business Administration from the University of Iowa and holds bachelor’s degrees in Finance and EconomicsBusiness Analysis. He holds FINRA Series 3, 4, 6, 7, 63, 24, 53, and 66 licenses.

Buttonwood Investment Services

Dana Woodbury, founder and President of Buttonwood Investment Services, LLC has been in the financial services industry since 1981. He has worked as a financial planner, due diligence consultant, and high yield bond portfolio manager. He currently serves as Secretary for REISA’s Ethics & Standards Committee, and is also a member of the Due Diligence Committee. Woodbury now leads a team of experts in the due diligence field. Specializing in the analysis of illiquid investments, Buttonwood is known for generating a concise and prompt review of alternative products. He had the opportunity to receive his BA in Economics from Northwestern University, and his MBA from The University of Chicago. He has held the following FINRA securities’ licenses: 6, 7, 22, 24, 27, 31, 63, and 65. Alex Wright

Dan Zatloukal Inland Private Capital Corporation

Apollo

DID YOU KNOW? REISA members include:

▲ Accountants ▲ Attorneys ▲ Broker-Dealers ▲ Due Diligence Officers ▲ Institutional Lenders ▲ Investment Advisers

▲ Mortgage Bankers ▲ Other affiliated professionals ▲ Qualified Intermediaries ▲ Registered Representatives ▲ Registered Investment Advisors ▲ Sponsors/Issuers

For more information about REISA go to www.reisa.org.

50

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Diamond Sponsors Platinum Sponsors Gold Sponsors Silver Sponsors Additional Sponsorships The following pages include profiles and contact information for all of our 2013 Annual Conference & Trade Show sponsors.

REISA Annual Conference & Trade Show 2013

51

“There’s a way to do it better – find it.”

– Thomas A. Edison (1847-1931)

At American Realty Capital we work hard every day to find that better way. Whether creating new investment programs, pioneering new distribution channels, or forging industry best practices, we embrace Edison’s proposition, “find a better way.”

52

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Diamond Sponsors

American Realty Capital Three Copley Place, Suite 3300 Boston, MA 02116 602-561-8051 www.rcsecurities.com

Profile: American Realty Capital American Realty Capital (“ARC”) is a multifaceted investment services firm uniquely focused on the alternative investment industry. ARC has sponsored or is currently sponsoring twelve alternative investment programs, including eleven sector specific, non-traded real estate investment trusts (REITs), one business development company (BDC) and one open-end investment fund, or mutual fund. These alternative investment products are independently governed and distributed to retail investors by Realty Capital Securities, LLC (“RCS”), member FINRA/SIPC over an innovative multi-product distribution platform. American Realty Capital continues to specialize in building customized investment solutions that strategically address suitable investors’ overall financial goals—always seeking to provide durable sources of income, inflation protection, tax efficiency, capital preservation, and longterm growth potential through a first-class suite of investment offerings.

REISA Annual Conference & Trade Show 2013

53

Are your clients worried about the low returns on their traditional investments?

Visit us at Booth #301 to discuss the changing role of private placement investments in a diversified portfolio, including PIG/PAL strategy to offset passive losses Potential Tax Benefits n Benefits of high leverage, low leverage or no leverage n Depreciation and other real estate tax deductions n Use of the 1031 exchange upon sale of commercial real estate n Asset allocation and diversification n Potential hedge against inflation n Estate planning with real estate investments n Real estate ownership without the burden of hands-on property management n Discussion of new rules permitting general solicitation for private placement offerings. n Exciting new investment opportunities n Available properties n n

Inland Private Capital Corporation

®

888.671.1031

www.inland-exchange.com

Now is the time to consider real estate private placements for your accredited investors! For Broker Dealer Use Only. This material has been distributed by Inland Securities Corporation, placement agent for Inland Private Capital Corporation. Inland Securities Corporation, member FINRA/SIPC. The Inland name and logo are registered trademarks being used under license. This is neither an offer to sell nor an offer to buy any security, which can be made only by Private Placement Memorandum and sold only by broker dealers authorized to do so. Investments are suitable for accredited investors only. There can be no assurance that the investment objectives of any particular program will be achieved. These types of investments are subject to significant risks including those real estate risks associated with the operation and leasing of retail, residential, industrial and office properties, as applicable. The photographs shown are representative of the kinds of properties which may be offered by Inland Private Capital Corporation. The properties shown may or may not be available for 1031 exchange purposes. Each investor’s tax circumstances are unique, and this presentation does not constitute tax advice for any particular investor. Potential investors must consult with their own tax advisors regarding their ability to offset any passive income they have with passive losses. The companies depicted herein may have proprietary interests in their respective trademarks and tradenames. Nothing herein shall be considered an endorsement, authorization or approval of Inland Private Capital Corporation, or the investments vehicles it offers, by the aforementioned companies. Further, the aforementioned companies are not affiliated with Inland Private Capital Corporation in any manner. The Inland name and logo are registered trademarks being used under license.

54

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Diamond Sponsors

Inland Real Estate Investment Corporation 2901 Butterfield Road Oak Brook, IL 60523 800-826-8228 www.inland-investments.com

Profile: Inland Real Estate Investment Corporation Inland Real Estate Investment Corporation (“Inland Investments”) sponsors real estate investment trusts and direct participation programs in which individuals may invest. Inland Securities Corporation is the exclusive dealer manager for real estate investment programs offered by Inland Investments and its subsidiaries. Inland Investments is part of The Inland Real Estate Group of Companies, Inc.* Over the past 40 years, Inland has experienced significant growth and now makes up a fully-integrated group of legally and financially separate companies that have been engaged in diverse facets of real estate such as property management, leasing, marketing, acquisition, disposition, development, redevelopment, renovation, construction, finance, investment products and other related services. Since its inception, Inland Investments and its subsidiaries have sponsored 628 total private placement programs (1031/Opportunity/LPs) and six non-traded REITs. As of March 31, 2013, Inland has raised more than $19.4 billion from investment product sales to over 476,000 investors, many of whom have invested in more than one product. Inland owns properties in 48 states and managed assets with a book value exceeding $20.8 billion. *The Inland Real Estate Group of Companies, Inc.is comprised of a group of independent legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed by Inland Investments or its subsidiaries and are collectively referred to herein as “Inland”. The Inland name and logo are registered trademarks being used under license. This material has been distributed by Inland Securities Corporation. Inland Securities Corporation, member FINRA/SIPC. Information current as of March 31, 2013.

REISA Annual Conference & Trade Show 2013

55

OUR STORY CALL OUR SALES DESK TODAY FOR MORE INFORMATION LIQUIDITY AFTER 2 YEARS

DIVIDEND COVERAGE

PRINCIPAL PROTECTION

TRANSPARENCY

SERIES A REDEEMABLE PREFERRED STOCK & WARRANT UNIT OFFERING For Broker-Dealer Use Only Preferred Apartment Communities, Inc. 3625 Cumberland Blvd, Suite 1150 Atlanta, GA 30339

pac-bd.com

Sales Desk: 855.330.6596 (Toll-Free) This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by the prospectus, which investors should read carefully to fully understand all of Preferred Apartment Communities investment objectives, strategy and risks. For more information or to request PAC offering materials, including a prospectus, please call the PAC Sales Desk. The achievement of any goals is not guaranteed.

56

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Diamond Sponsors

Preferred Apartment Communities 3625 Cumberland Blvd. Suite 400 Atlanta, GA 30339 770.818.4100 www.pacapts.com

Profile: Preferred Apartment Communities, Inc. Preferred Apartment Communities, Inc. (NYSE MKT: APTS) is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make mezzanine loans, provide deposit arrangements, or provide performance assurances, as may be necessary or appropriate, in connection with the construction of multifamily communities and other properties. As a secondary strategy, we also may acquire or originate senior mortgage loans, subordinate loans or mezzanine debt secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily related assets and invest not more than 10% of our total assets in other real estate related investments, as determined by our manager as appropriate for us. Preferred Apartment Communities, Inc. has elected to be taxed as a real estate investment trust, or REIT, under the Internal Revenue Code of 1986, as amended, commencing with our tax year ended December 31, 2011.

REISA Annual Conference & Trade Show 2013

57

Investing with

Experience. Investing in

America’s Energy.

Park Place Corporate Center One 1000 Commerce Drive, Suite 400 Pittsburgh, PA 15275 Phone: 800-251-0171 Fax: 412-262-7430 www.atlasresourcepartners.com www.atlasenergy.com

58

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Platinum Sponsors

Atlas Energy, L.P. Park Place Corporate Center One 1000 Commerce Drive, Fourth Floor Pittsburgh, PA 15275 888-251-0171 www.atlasresourcepartners.com

Profile: Atlas Energy, L.P. Atlas Energy, L.P. (“Atlas Energy” – NYSE: ATLS) is a publicly-traded master limited partnership (“MLP”). Atlas Energy owns the general partner of Atlas Pipeline Partners, L.P. (“APL” – NYSE: APL), a publicly traded MLP that is a midstream energy service provider engaged in the gathering, processing and treating of natural gas in the Mid-Continent region of the U.S., namely in Oklahoma and Texas. Atlas Energy also owns interests in Atlas Resource Partners, L.P. (“ARP” – NYSE: ARP), an exploration and production MLP, with operations in basins across the United States. ARP is also the largest sponsor of natural gas and oil investment partnerships in the U.S. through its affiliate, Atlas Resources, LLC. Atlas Resources, LLC, the managing general partner of the natural gas and oil drilling partnership programs, and its affiliates, operate more than 12,000 natural gas, natural gas liquids and oil wells located in Pennsylvania, Ohio, New York, Texas Oklahoma, West Virginia, Colorado, New York, Michigan, Indiana and Tennessee. Since 1985, Atlas has sponsored 22 public and 42 private partnerships.

Breitling Energy Companies 1910 Pacific Ave, 7th Floor Dallas, TX 75201 214-716-2200 www.breitlingenergy.com

Profile: Breitling Energy Companies Breitling Energy Companies was founded in October 2004. With over 72 years of combined experience and 30 years of royalty expertise by senior analysts, Breitling has raised over $85 million in investment capital. Breitling has purchased 7 specific royalty properties, creating a unique opportunity for investors looking for non-blind pools or 1031 exchange compliant replacement properties. As of 2013, Breitling’s oil and gas royalty programs have combined program returns averaging in the mid-teens, offering investors an extremely high return on investment. Additionally, investors can breathe easy, as independent annual audits are done by Rothstein Kass of Dallas, Texas.

REISA Annual Conference & Trade Show 2013

59

“A good royalties strategy will ensure wealth and income for generations.” - Chris Faulkner, CEO

Breitling Energy Companies was founded in October 2004. With over 72 years of combined experience and 30 years of royalty expertise by senior analysts, Breitling has raised over $85 million in investment capital.

Breitling has

purchased 7 specific royalty properties, creating a unique opportunity for investors looking for non-blind pools or 1031 exchange compliant replacement properties. As of 2013, Breitling's oil and gas royalty programs have combined program returns averaging in the mid-teens, offering investors a high return on investment. Additionally, investors can breathe easy, as independent annual audits are done by Rothstein Kass of Dallas, Texas.

There are significant risks associated with investing in oil and gas ventures. The above information is for general purposes only and is not a solicitation to buy or an offer to sell any securities. General information on this site is not intended to be used as individual investment or tax advice. Consult your personal tax advisor concerning the current tax laws and their applicability and effect on your personal tax situation.

60

REISA Annual Conference & Trade Show 2013

DST INVESTMENTS

NET LEASE HEADQUARTERS:

NET LEASE HEALTHCARE:

Riverwood Corporate Center Pewaukee, WI

ECU Physicians MOB | Greenville, NC

MULTIFAMILY:

RETAIL:

Bridgeview Apts. | Tampa, FL

24 Hour Fitness | Ft. Worth, TX

For FurTHEr INForMaTIoN CoNTaCT: Capital Square Realty Advisors, LLC, 10900 Nuckols Road, Ste. 200, Glen Allen, VA 23060 Toll Free: (877) 626-1031 • Telephone: (804) 290-7900 • Fax: (804) 290-0086 louIS J. rogErS CEO cell: (804) 833-1031 [email protected]

YogI H. SINgH REal EstatE & FinanCE cell: (804) 405-4741 [email protected]

KIMbErlY S. WaTTS invEstOR sERviCEs cell: (804) 399-8223 [email protected]

www.capitalsquareholdings.com

REISA Annual Conference & Trade Show 2013

61

62

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Platinum Sponsors

Capital Square Realty Advisors, LLC 10900 Nuckols Road, Suite 200 Glen Allen, VA 23060 877-626-1031 www.capitalsquareholdings.com

Profile: Capital Square Realty Advisors, LLC Capital Square Realty Advisors, LLC specializes in the creation and management of commercial real estate investment programs for Section 1031 tax-deferred exchange investors and cash (non-1031) investors using the Delaware Statutory Trust structure. Louis J. Rogers, founder and chief executive officer of Capital Square Realty Advisors, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including tenant-in-common, DST and multiple publicly registered non-traded real estate investment trusts. The DST interests are sold by independent broker-dealers across the country. Property and asset management services are provided by an affiliated company, Capital Square Management, LLC.

Energy Hunters Securities 777 Post Oak Blvd., Suite 650 Houston, TX 77056 832-369-6986 www.energyhuntersecurities.com

Profile: Energy Hunters Securities Energy Hunter Securities is a broker dealer specializing in oil and gas direct participation programs through private placements. We primarily distribute oil & gas offerings of our parent company Magnum Hunter Resources a NYSE corporation.

REISA Annual Conference & Trade Show 2013

63

EXHIBIT #515

Providing 1031, 1033, and 721 exchange investments.

c o n s i s t e n t ly d e l i v e r i n g d i v e r s i f i e d p o rt f o l i o s o f lo n g - t e r m , n e t - l e a s e d a s s e ts b ac k e d b y i n v e s t m e n t g r a d e co r p o r at i o n s i n t h e n e c e s s i t y re ta i l s pac e .

251 s. l ake ave., suite 520, pasadena, ca 91101 | ph: (855) 31-right | fx: (877) 579-9923 | info @ exchangeright.com

64

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Platinum Sponsors

ExchangeRight 251 South Lake Avenue, Suite 520 Pasadena, CA 91101 (855) 31-RIGHT www.exchangeright.com

Profile: ExchangeRight ExchangeRight is committed to providing long-term, stable income and asset preservation with netleased portfolios distributing 7.0% to 8.0% in starting cash flow for accredited 1031 and 1033 investors. Our goal is to consistently deliver 1031 exchangeable DST portfolios of long-term, net-leased properties backed by investment grade corporations. We target corporate tenants that successfully operate in the necessity retail space to provide investors with a cushion against an ongoing recessionary environment. ExchangeRight’s long-term exit strategy is to provide greater diversification and value to investors by combining multiple portfolios into a larger, institutional portfolio sale or 721 exchange roll-up. ExchangeRight also raises limited preferred equity capital that allows accredited investors to participate in the cash flow and profits of our 1031 platform. This preferred equity is used alongside ExchangeRight’s capital to invest in the acquisition and inventorying of individual net-leased assets prior to their being structured in DST portfolios for offering to investors.

Griffin Capital Corporation 2121 Rosecrans Ave, Suite 3321 El Segundo, CA 90245 310-606-5900 www.griffincapital.com

Profile: Griffin Capital Corporation Griffin Capital Corporation (“Griffin Capital”), is a privately owned real estate company headquartered in Los Angeles. Led by senior executives each with more than two decades of real estate experience collectively encompassing over $16 billion of transaction value and more than 650 transactions, Griffin Capital and its affiliates have acquired or constructed over 17 million square feet of space since 1996. Griffin Capital and its affiliates currently owns, manages and/or sponsors a portfolio consisting of over 15.7 million square feet of space, located in 28 states and representing approximately $2.7 billion in asset value. Additional information about Griffin Capital is available at www.griffincapital.com.

REISA Annual Conference & Trade Show 2013

65

Griffin Capital Essential asset rEiT

Blue Chip Tenants. Investment Grade Income.1

Continuing to invest in business essential properties with a focus on investment grade tenants and lease guarantors such as:

$1.1 Billion in shares of common stock at $10.28 per share

BLUE CHIP TENANTS + INVESTMENT GRADE INCOME + BUSINESS ESSENTIAL ASSETS

= POWERFUL INVESTMENT STRATEGY To hear more about this powerful investment strategy, stop by our booTh #217 , call 866.606.5901 or visit www.griffincapiTal.com 1 Blue chip companies are well-known and respected publicly traded companies that typically make up the Dow Jones group of companies. Blue chip and investment grade descriptions are those of either tenants and/or guarantors with investment grade credit ratings or whose parent companies have investment grade credit ratings. FOR BROKER DEALER USE ONLY. THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. AN OFFERING IS MADE ONLY BY THE PROSPECTUS. THIS SALES AND ADVERTISING LITERATURE MUST BE READ IN CONJUNCTION WITH THE PROSPECTUS IN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THE OFFERING OF SECURITIES TO WHICH IT RELATES. A COPY OF THE PROSPECTUS MUST BE MADE AVAILABLE TO YOU IN CONNECTION WITH THIS OFFERING. NO OFFERING IS MADE TO NEW YORK RESIDENTS EXCEPT BY A PROSPECTUS FILED WITH THE DEPARTMENT OF LAW OF THE STATE OF NEW YORK. NEITHER THE SECURITIES AND EXCHANGE COMMISSION, THE ATTORNEY GENERAL OF THE STATE OF NEW YORK NOR ANY OTHER STATE SECURITIES REGULATOR HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THE PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. An investment in Griffin Capital Essential Asset REIT, Inc. involves a high degree of risk and there can be no assurance that the investment objectives of this program will be attained. Griffin Capital Securities, Inc., member FINRA/SIPC, is the dealer manager for the Griffin Capital Essential Asset REIT, Inc. offering. BD-242(082213)

66

REISA Annual Conference & Trade Show 2013

$250,000,000 Offering

GWG Holdings, Inc., through its subsidiaries, purchases life insurance policies sold in the secondary marketplace.

GWG Holdings, Inc. is offering Renewable Secured Debentures, which are publicly registered, non-traded corporate debt, currently offered at the interest rates and maturities set forth below. Minimum Investment: $25,000

Interest Payment Options: Monthly | Annually

Visit with Matthew Paine, Director of National Sales, at Booth #115 This advertisement does not constitute an offer to sell, nor a solicitation of an offer to buy the securities described herein. Such an offering is made only by means of a Prospectus. Renewable Secured Debentures are not available in the following states: AL, AK, AR, MD, NC, OH, OK, PA, TN, TX (Elevated suitability restrictions apply in the following states AZ, IA, ID, ND, KS, KY, MA, ME, NE, NM, NJ, OR, SC, WA) and only in a state which has approved the offering. The Prospectus provides a full description of the business and a comprehensive listing of risk factors. An investment in Renewable Secured Debentures may be considered speculative and subject to a high degree of risk, including the risk of losing your entire investment. Securities are being offered on a best-efforts basis on behalf of GWG Holdings, Inc., by Arque Capital, Ltd., Member FINRA/SIPC, managing broker dealer for the Issuer. GWG and Arque Capital are not affiliated entities. GWG Holdings, Inc. 220 South Sixth Street, Suite 1200, Minneapolis, MN. 55402 Issuer prepared material. Copyright 2013. GWG Holdings, Inc. All rights reserved.

REISA Annual Conference & Trade Show 2013

67

CHECK IN to HotEls n

A Non-traded Public REIt offering up to $1 Billion in shares of common stock at $10 per share

n

Investing in select-service Hotels in major metropolitan markets

www.MoodyNationalREIt.com securities offered by Moody securities, llC Member FINRA.sIPC

For more information or to obtain a prospectus, please call 1-800-510-7348 or visit www.moodynationalreit.com Not a Deposit n Not Bank Guaranteed n May Lose Value n Moody National REIT I, Inc. is sponsored by Moody REIT Sponsor LLC, which is indirectly owned and controlled by Brett C. Moody n Moody REIT Sponsor, LLC is an affiliate of Moody Securities, LLC, which is the dealer manager for Moody National REIT I, Inc. Moody Securities, LLC is a member of FINRA/SIPC. This material is neither an offer to sell nor the solicitation of an offer to buy any security which can be made only by the prospectus filed or registered with appropriate and federal regulatory agencies and sold only by broker dealers authorized to do so. This material must be read in conjunction with the prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of the prospectus must be made available to you in connection with any offering. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the Securities and Exchange Commission, the Attorney-General of the State of New York nor any other state securities regulator has approved or disapproved of or endorsed the merits of the offering.

68

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Platinum Sponsors

GWG Holdings, Inc. 220 South Sixth Street Suite 1200 Minneapolis, MN 55402 612.746.1944 www.gwglife.com

Profile: GWG Holdings, Inc. GWG Holdings, Inc, through its subsidiaries (“GWG”), specializes in acquiring life insurance policies from seniors who no longer want or need their policies. Our strategy is to own the policies we purchase until their maturity and our goal is to generate returns greater than the costs needed to purchase and finance those policies. When GWG purchases policies from consumers we provide: • Options for consumers beyond lapsing or surrendering their life insurance for its cash value. • Opportunities for GWG to earn returns uncorrelated to the traditional equity, commodity, or real estate markets.

GWG, has been purchasing life insurance policies in the secondary market since 2006, evaluating over 35,000 life insurance policies and purchasing $1.5 billion in life insurance policy benefits. GWG has provided seniors with an incredible $241 million dollars through life settlements. That amount is $229 million above what those seniors could have received if they surrendered the policy to the carriers. Today, GWG owns over $650 million in insurance policy benefits in its portfolio. For more information, contact GWG at [email protected] or visit www.gwglife.com.

Moody National Companies 6363 Woodway, Suite 110 Houston, TX 77057 713-977-7500 www.moodynational.com

Profile: Moody National Companies Founded in 1996, Moody National Companies is a full-service commercial real estate firm with Realty, Management, Mortgage, Development, Insurance, and Title divisions. As a sponsor, Moody National Companies won the REISA/TICA Sponsor of Excellence award in 2008. Moody National Realty Company has closed commercial real estate transactions totaling over $2 billion. Moody Management has managed approximately 3,500 apartment units, 1 million square feet of office space, and 70 hospitality properties. Moody Development recently completed a Courtyard by Marriott in Houston’s Texas Medical Center.  Moody Mortgage has placed approximately $1 billion of debt, equity and structured financings for its clients. In addition to the previously mentioned divisions, Moody National Companies is the Sponsor of Moody National REIT I, Inc., a publiclyregistered, non-traded real estate investment trust which is actively seeking select-service hotels in major metropolitan markets.

REISA Annual Conference & Trade Show 2013

69

REISA-Annual2013-FINAL.pdf

1

8/29/2013

3:05:41 PM

C

M

Y

CM

MY

CY

CMY

K

70

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Platinum Sponsors

Passco Companies, LLC 96 Corporate Park Suite 200 Irvine, CA. 92606 (949) 442-1000 www.passco.com

Profile: Passco Companies, LLC Passco Companies, LLC is a nationally recognized market leader in the acquisition, development, and management of multi-family and commercial properties throughout the U.S. For more than 15 years, Passco has delivered sound investment strategies to clients, partners and investors, enabling them to create, maintain, and add value to their portfolios through a full set of real estate services, including investment advice, asset management, and brokerage, as well as property development, construction, and management services. Headquartered in Irvine, California, Passco holds a diverse cross section of prime retail, multifamily, office and industrial properties nationwide, and has acquired, managed, and/or developed over $3 billion in property since its inception. The company is currently involved with 67 properties in 20 states, and is actively growing its investment portfolio in primary and secondary markets throughout the nation.

Phoenix American Financial Services 2401 Kerner Blvd San Rafael, CA 94901 (415) 485-4632 www.pafsi.com

Profile: Phoenix American Financial Services Phoenix American has reinvented the role of Transfer Agent, providing unparallel investor record keeping and back office administration services to alternative investment fund sponsors. Alternative investment fund sponsors look to us when they are spending too much time on investor service issues rather than focusing on their core business, growing their fund’s assets. Our superior technology separates us from our competitors. Our powerful Transfer Agent system, STAR-XMS will simplify your fund’s operations with its easy to use functionality and mobile accessibility. Our Web Portal will provide both your investors and advisors with 24/7 access to their investment details and documents. Whether you are a small or large investment fund sponsor, we have service solutions that will meet all of your needs. We build long lasting partnerships with each of our clients by developing customized service offerings that meet all of their operational needs. REISA Annual Conference & Trade Show 2013

71

phoenix american financial services, inc.

Reinventing the Role of the Transfer Agent

For more than forty years, Phoenix American has provided transfer agent and back office services so securities sponsors can focus on their core business. Our innovative culture has reinvented the transfer agent and investor services professions with state-of-the-art technology and dedicated customer service. Phoenix transfer agent services allow alternative investment funds of all sizes to achieve a higher level of efficiency and maximize shareholder value.

Shareholder Record Keeping

Transfer Agent Services

• STAR-XMS. The most advanced transfer agent system in alternative investments

• New Business Processing

• Web-based for easy mobile accessibility. Dynamic intuitive functionality. Providing scalable and accurate processing. • Daily NAV processing • Robust Sales and Transaction Reporting • Time-Saving Searchability

• Transfers • Blue Sky Tracking • Commissions • Distributions • K-1/1099 Processing • Fiduciary Reporting • Printing and Fulfillment • Customized Investor/Rep Web Access • Phone Team Support • AIP Platform Integrated

Call us today at 415-485-4632 or visit us at www.pafsi.com.

72

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Platinum Sponsors

Realty Capital Securities Three Copley Place, Suite 3300 Boston, MA 02116 602-561-8051 www.rcsecurities.com

Profile: Realty Capital Securities Realty Capital Securities, LLC (“RCS”), member FINRA/SIPC is a wholesale broker dealer focused exclusively on the distribution of non-traded investment programs. The products offered on RCS’ platform target specific sectors with varying investment strategies. As a leader in the non-traded investment program industry, RCS places a premium on offering the investment community unique exposure to diverse, complementary, and professionally managed investment opportunities to meet the objectives of suitable investors’ portfolio needs.

United Realty Advisors 44 Wall Street, Floor 2 New York, NY 10005 212-388-6800 www.uradvs.com

UNITED REALTY

ADVISORS

Profile: United Realty Advisors United Realty Trust Incorporated, The Dual Strategy REIT, is a newly organized Real Estate Investment Trust (REIT) that intends to invest primarily in interests in real estate located in the United States, with a primary focus on the eastern United States and in markets that we believe are likely to benefit from favorable demographic changes, or that we believe are poised for strong economic growth. We may invest in interests in a wide variety of commercial property types, including office, industrial, retail and hospitality properties, single-tenant properties, multifamily properties, agerestricted residences and in other real estate-related assets. We expect to build a high-quality portfolio intended to generate current income and to provide capital preservation, capital appreciation and portfolio diversification. This is not an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by the prospectus. For more information about our REIT, the firm, or to view the Prospectus, please visit www.UnitedRealtyTrust.com REISA Annual Conference & Trade Show 2013

73

Realty Capital Securities   To obtain a prospectus for an offering detailed herein, contact the dealer manager: Realty Capital   Securities, LLC (Member FINRA/SIPC), Three Copley Place, Suite 3300, Boston, MA 02116, Phone: 877373-2522, or visit our Web Site: www.rcsecurities.com. Realty Capital Securities is an affiliate of American Realty Capital.

Realty Capital Securities, LLC is a purpose-built open architecture wholesale broker dealer focused exclusively on the distribution of publicly registered, non-traded real estate investment trusts and business development companies.

American Realty Capital New York Recovery REIT $1,700,000,0001 (68,000,000 shares of common stock) $25.00 per share. (NAV, beginning first quarter following earlier of: $1.4 billion; and April 4, 2015) American Realty Capital Trust V, Inc. Net Lease Real Estate Publicly Registered, Non-Traded REIT

$1,500,000,0001 Retail Shares: $10.073 price per share2 Institutional Shares: $9.941 price per share2

$1,700,000,0001 (68,000,000 shares of common stock) $25.00 per share. (NAV, beginning first quarter following $2 billion in total assets) American Realty Capital Healthcare Trust II, Inc. Healthcare Real Estate Publicly Registered, Non-Traded REIT

$1,500,000,000 $10.00 per share. Will change to net asset value (calculated quarterly, plus applicable selling costs) beginning the first calendar quarter following the acquisition of $1.2 billion in assets. American Realty Capital Global Trust, Inc. Sale-Leaseback Commercial Real Estate Publicly Registered, Non-Traded REIT

$1,500,000,000 $11.00 price per share3 Business Development Corporation of America U.S. Middle Market Company Debt and Equity Investments Business Development Company

American Realty Capital Daily Net Asset Value Trust, Inc. Net Lease Real Estate Publicly Registered, Non-Traded REIT

American Realty Capital – Retail Centers of America

$1,500,000,000 $10.00 price per share American Realty Capital – Retail Centers of America, Inc. Power and Lifestyle Shopping Centers Publicly Registered, Non-Traded REIT

$1,500,000,000 $10.00 price per share American Realty Capital New York Recovery REIT, Inc. Commercial Real Estate in New York City Publicly Registered, Non-Traded REIT

$2,000,000,000 $25.00 per share in the primary offering, then at net asset value (calculated quarterly, plus applicable selling costs) beginning two years from effectiveness (February 12, 2015). ARC Realty Finance Trust, Inc. Real Estate Finance Publicly Registered, Non-Traded REIT

$1,500,000,000 $10.00 price per share Phillips Edison – ARC Shopping Center REIT, Inc. Necessity-Based Community & Neighborhood Shopping Centers Publicly Registered, Non-Traded REIT

NOTE: All of the real estate investment trust (“REIT”) offerings herein have either qualified or intend to qualify as a REIT. If a company does not qualify as a REIT, it may incur increased tax costs which could reduce distributions. (1) The aggregate offering amount and price per share are not fixed and will fluctuate after we begin to calculate NAV. (2) Price as of 8/1/2013. The per share purchase price for each of the retail shares and the institutional shares will be equal to our NAV on each day that the New York Stock Exchange is open divided by the number of shares outstanding as of the end of business on such day after giving effect to any share purchases or redemptions effected on such day. The retail share price will also include applicable selling commissions and a dealer manager fee up to 10% in the aggregate of the purchase price per share and the institutional share price will also include any applicable fees. (3) Price as of 4/16/2013. At the time that this offering was declared effective, our initial price per share was $10.00. By prospectus, on an ongoing basis, when net asset value increases above $10.00 per share, we will increase the public offering price as necessary to ensure that shares are not sold at a price which, after deduction of selling commissions and dealer manager fees, is below our NAV per share. The price which the investor pays for our shares may not reflect the current net asset value of the Company at the time of his or her subscription. Investors may pay a premium for their shares of common stock if our board of directors does not decrease the offering price in the event of a decline to our net asset value per share. THIS MATERIAL IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. SUCH AN OFFER CAN ONLY BE MADE BY A PROSPECTUS, WHICH CONTAINS COMPLETE INFORMATION INCLUDING RISKS FOR ITS RESPECTIVE OFFERING. An investment in any of the offerings described herein involves a high degree of risk and there is no assurance that the investment objectives of the program will be obtained. Realty Capital Securities, LLC (Member FINRA/SIPC), is an affiliate of American Realty Capital and is the wholesale distributor acting as the dealer/manager for both proprietary and non-proprietary real estate investment programs.

74

REISA Annual Conference & Trade Show 2013

Booth #317

Income

Growth

The Dual STraTegy when you invest in United realty trust you join those investors who expect to benefit from our dual strategy. 1. we will focus on acquiring existing stabilized cashflowing assets to support stable, consistent dividend distributions to our shareholders and 2. we will focus on acquiring opportunistic assets which we can reposition, redevelop or remarket to create value-enhancement and capital appreciation. By pursuing both strategies simultaneously we believe we can most effectively achieve our desired investment objectives.

whY UnIteD reALtY? • 7% Preferred return • Distributions Paid out of mFFo Last Quarter • no Legacy Assets • Increased transparency • Value Added marketing Support for Advisors • real estate Focused Leadership

THIS SALES AND ADVERTISING LITERATURE MUST BE READ IN CONJUNCTION WITH THE PROSPECTUS IN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THE OFFERING OF SECURITIES TO WHICH IT RELATES. A COPY OF THE PROSPECTUS MUST BE MADE AVAILABLE TO YOU IN CONNECTION WITH THIS OFFERING. FOR BROKER/DEALER USE ONLY. www.UnitedRealtyTrust.com | 212.333.2008 | 44 Wall Street, New York, NY 10005

URT-REISA-10/2013

REISA Annual Conference & Trade Show 2013

75

“There’s a way to do it better – find it.”

– Thomas A. Edison (1847-1931)

At American Realty Capital we work hard every day to find that better way. Whether creating new investment programs, pioneering new distribution channels, or forging industry best practices, we embrace Edison’s proposition, “find a better way.”

securities offered through Inland Securities Corporation

76

REISA Annual Conference & Trade Show 2013

OUR STORY

CALL OUR SALES DESK TODAY FOR MORE INFORMATION LIQUIDITY AFTER 2 YEARS

DIVIDEND COVERAGE

PRINCIPAL PROTECTION

TRANSPARENCY

SERIES A REDEEMABLE PREFERRED STOCK & WARRANT UNIT OFFERING For Broker-Dealer Use Only Preferred Apartment Communities, Inc. 3625 Cumberland Blvd, Suite 1150 | Atlanta, GA 30339

pac-bd.com

Sales Desk: 855.330.6596 (Toll-Free) This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by the prospectus, which investors should read carefully to fully understand all of Preferred Apartment Communities investment objectives, strategy and risks. For more information or to request PAC offering materials, including a prospectus, please call the PAC Sales Desk. The achievement of any goals is not guaranteed.

NET LEASE WEST

2013

RealShare

In-Kind Sponsor

November 19-20 The California Club, Los Angeles

Chairman Sponsor Presidential Sponsors

Executive Sponsors Promotional Sponsors *Sponsors list as of 9/19/2013

Sponsorship: Gregg Christensen 212.457.9664 - [email protected]

Information: Brooke Sandella 212.457.9682 - [email protected]

www.BrokerSmart.com

David Hughes [email protected] 561-427-1340

For more details, visit: realshareconferences.com

REISA Annual Conference & Trade Show 2013

77

A New Closed-end Fund for Income Priority Senior Secured Income Fund, Inc. in Primary Offering

$1.5 Billion Offering Size $15 Share Price*

$1.5 Billion Offering Size $15 Share Price* Priority Senior Secured Income Fund was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations. Such loans generally include a first lien on the assets of the respective borrowers, which are typically U.S.-based privately and publicly held companies. The primary investment objective of Priority Senior Secured Income Fund is to generate current income and, as a secondary objective, long-term capital appreciation. To request copies of the prospectus, contact your financial advisor or Behringer Securities LP at 15601 Dallas Parkway, Suite 600, Addison, TX 75001; or call toll-free at 866.655.3600; or visit priority-incomefund.com.

*

Represents the primary offering and is subject to change as described in the prospectus.

This material is neither an offer to sell nor the solicitation of an offer to buy any security. Such an offer can be made only by prospectus, which has been filed with the Securities and Exchange Commission and is available at sec.gov, and sold by broker-dealers authorized to do so. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF ANY OFFERING OF PRIORITY SENIOR SECURED INCOME FUND, INC. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. © 2013 Priority Senior Secured Income Management, LLC

1945-1 Priority Ad_Tombstone_REISA.indd 1

78

REISA Annual Conference & Trade Show 2013

8/30/13 9:06 AM

Annual Conference & Trade Show 2013

Gold Sponsors

Behringer Harvard 15601 Dallas Parkway, Suite 600 Addison, TX 75001 www.behringerharvard.com

Profile: Behringer Harvard Behringer Harvard creates, manages and distributes global institutional-quality alternative investment programs for individual and institutional investors. Programs sponsored and managed by the Behringer Harvard group of companies have attracted equity of more than $6 billion and made investments into more than $11 billion in assets. For more information, contact our U.S. headquarters toll-free at 866.655.3600 or our European headquarters at 011 49 40 34 9999 90, or visit us online at behringerharvard.com.

REISA Annual Conference & Trade Show 2013

79

Gold Sponsors

Annual Conference & Trade Show 2013

CNL Securities CNL Center at City Commons 450 South Orange Avenue Orlando, FL 32801 866-650-0650 www.CNLSecurities.com

Profile: CNL Securities CNL Securities is an alternative investment solutions provider that has served the broker/dealer community for more than 25 years. By engaging world-renowned investment partners, we have created a distinctive product platform to help you pursue your clients’ financial goals. Offerings span a wide spectrum of return strategies, from income to growth or a blend of the two, and focus on investments in the United States or around the globe. To contact us, call (866) 650-0650 or visit www.CNLSecurities.com. CNL Securities, managing dealer, Member FINRA/SIPC.

80

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Gold Sponsors

Coachman Energy 5251 DTC Parkway, Suite 200 Greenwood Village, CO 80111 (720) 279-0072 www.coachmanenergy.com

Profile: Coachman Energy Coachman Energy is a Denver-based, privately owned energy investment and asset management company focused on the Bakken Shale and other unconventional shale oil plays throughout North America. Since beginning operations in 2006, our asset portfolio has grown to include ownership in premium net mineral acreage, drilling prospects, and producing assets in the heart of North Dakota’s Bakken Shale. As of mid-year 2013, we have participated in drilling over 160 wells. Our technical team has managed multi-billion dollar, unconventional projects for major oil and gas companies across the globe including Shell Unconventional Resource Energy (SURE) and ARCO Global Energy Ventures. Our first two retail funds, Bakken Drilling Fund III (closed in March 2013) and Bakken Income Fund, are currently distributing cash flow. Bakken Drilling Fund IV opened in July 2013 and, as of August, has acquired interests in over 40 wells.

To schedule a site visit or due diligence review, please contact Greg Smith, Director of Sales. 801.404.8245 [email protected]

Drilling & Income Opportunities in North Dakota’s Bakken Shale. REISA Annual Conference & Trade Show 2013

81

Gold Sponsors

Annual Conference & Trade Show 2013

DataSource 1400 Universal Avenue Kansas City, MO 64120 281-990-8310 www.data-source.com

Profile: DataSource DataSource is a leading provider of marketing, print and branded merchandise supply chain services for clients with complex distribution needs, multi-location stores, service centers or franchise locations. With a transparent model, we have a track record of saving clients 15% to 30% in the procurement and distribution of critical marketing and communication materials, while creating programs that are focused on quality, performance, distribution synergies and supply chain efficiencies from implementation through execution. The value we deliver is bringing depth and breadth of industry and functional expertise to financial organizations. Partner with a company who: Understands your needs and has a proven track record of accomplishment; Takes a consultative approach in overcoming challenges related to relevant, current and brand compliant content; Supports your locations and agents with state of the art technology in communication to prospects and clients; Helps manage budgets and costs through analytics and reporting.

82

REISA Annual Conference & Trade Show 2013

Gold Sponsors

Annual Conference & Trade Show 2013

Diversified Residential Group, LLC 9375 E. Shea Blvd., #100 Scottsdale, AZ 85260 480-214-9525 www.diversified-residential.com

Profile: Diversified Residential Group, LLC Diversified Residential Group, LLC (“Diversified”) is a Sponsor of real estate investments for retail accredited and institutional investors. The Diversified business model is based upon acquiring and financing value-added residential single-family homes and mid-sized multi-family apartment buildings. Target markets include the Sunbelt region of the US and a few other select markets. Diversified’s philosophy is structured around investment programs that include three key fundamentals: portfolio diversification, regular distributions, and the potential for capital appreciation. We believe that our proprietary web-based systems, including “EASi” (Electronic Asset Submission Interface), allow Diversified to have greater efficiencies managing high volumes of residential real estate. Securities offered through ARI Financial Services, Inc., member FINRA, SIPC ARI Financial Services, Inc. is not affiliated with Diversified Residential Group, LLC.

REISA Annual Conference & Trade Show 2013

83

Gold Sponsors

Annual Conference & Trade Show 2013

DLA Piper 4365 Executive Drive Suite 1100 San Diego, California 92121-2133 858-638-6702 www.dlapiper.com

Profile: DLA Piper The Real Estate Capital Markets group of DLA Piper offers clients practical and innovative solutions for their evolving real estate capital market needs. Our lawyers have structured funds for a wide variety of significant clients across the country, acting as lead counsel on several billion dollars of fund, REIT, DST, TIC and debt offerings. We have represented both sponsors and  institutional investors in a variety of deal structures, including publicly registered transactions, private placements and institutional funds. Our client commitment is also our brand — everything matters when it comes to the way we serve and interact with our clients. For more information, go to www.dlapiper.com.

INNOVATIVE SOLUTIONS With extensive knowledge in real estate, securities, tax and finance law, we help you find creative solutions to the real estate securities puzzle. Our innovative thinking, in-depth knowledge and practical experience position us to help you develop a securities program that fits your business needs.

www.dlapiper.com Darryl Steinhause, +1 858 638 6702, [email protected], 4365 Executive Drive, Suite 1100, San Diego, CA 92121 | DLA Piper LLP (US) | Attorney Advertising

84

REISA Annual Conference & Trade Show 2013

Gold Sponsors

Annual Conference & Trade Show 2013

DST Systems 333 W. 11th Street Kansas City, MO 64105 888-DST-INFO www.dstsystems.com

Profile: DST Systems DST Systems has been the industry leader in investor recordkeeping, and distribution support services for more than 40 years. Today, through its U.S. Investment Recordkeeping Solutions (USIRKS) segment, DST’s Alternative Investment Solutions provides a complete set of services to address the many challenges fund managers face when entering the retail alternatives market. Using the knowledge gained from DST’s accumulated experience in financial services, our solutions can help any fund company adapt to the unique demands of the retail marketplace. Through a customizable service model, providers can scale the set of services they require as their business grows. With access to the expertise of DST’s people, processes, and technology, DST is uniquely positioned to populate the kind of useful, accurate, and valid alternatives information that helps a fund company grow assets. For more information, contact Robyn Holloway at 646.417.3120 or [email protected].

One service partner Grow

SupporT

exiT STrATeGy

for The life of your funD. Meet complex shareholder needs with help from DST. From initial funding through the final stages of liquidation and exit—managing the needs for a nontraded REIT requires a service partner with true expertise. As a market leader we have the experience to handle the scope of requirements, including: ?

Account establishment and shareholder servicing

?

Distribution support

?

Dedicated project management

?

Compliance and reporting

STop by our booTh or contact robyn holloway at 646.417.3120 or [email protected]. Learn more about DST at dstsystems.com © 2013 DST Systems, Inc.

REISA Annual Conference & Trade Show 2013

85

Gold Sponsors

Annual Conference & Trade Show 2013

Franklin Square Capital Partners Cira Centre 2929 Arch Street, Suite 675 Philadelphia, Pennsylvania 19104 877-372-9880 www.franklinsquare.com

Profile: Franklin Square Capital Partners Franklin Square Capital Partners (Franklin Square) is a leading manager of alternative investment funds designed to enhance investors’ portfolios by providing access to asset classes, strategies and asset managers that typically have been available to only the largest institutional investors. Franklin Square strives not only to maximize investment returns but also to set the industry standard for best practices by focusing on transparency, investor protection and education for investment professionals and their clients. Founded in 2007, Franklin Square quickly established itself as a leader in the world of alternative investments by introducing innovative credit-based income funds, including the industry’s first non-traded BDC. The firm currently manages approximately $7.9 billion* in assets. Forbes Magazineranked Franklin Square 13th on its 2013 list of America’s Most Promising Companies. Franklin Square distributes its funds through its affiliated broker-dealer, FS2 Capital Partners, LLC. For more information, please visit www.franklinsquare.com.

Franklin Square Capital Partners, the largest manager of BDCs in the world, provides access to asset classes, strategies and asset managers that typically have been available to only the largest institutional investors. Franklin Square’s Funds are sub-advised by GSO Capital Partners, the credit platform of The Blackstone Group.

Investment objective Investment focus Why now?

FS Investment Corporation II

FS Energy and Power Fund (FSEP)

(FSIC II) AN ALTERNATIVE CORE INCOME FUND

AN ALTERNATIVE INVESTMENT IN U.S. ENERGY AND POWER

Income

Income and growth

Floating rate loans of private U.S. companies

Debt and equity of private U.S. energy and power companies

Can help to protect against rising interest rates and inflation

Seeks to capitalize on the U.S. energy renaissance

For more information, call or visit us online: www.franklinsquare.com 877-372-9880 FOR BROKER DEALER USE ONLY. FOR BONA FIDE DUE DILIGENCE PURPOSES ONLY. NOT TO BE PROVIDED TO INVESTORS. This is neither an offer to sell nor a solicitation to buy the securities described herein. An offering is made only by a prospectus. Copies of the prospectuses of FSIC II and FSEP are available free of charge by contacting FS2 Capital Partners, LLC at Cira Centre, 2929 Arch Street, Suite 675, Philadelphia, PA 19104 or by phone at 877-372-9880. This sales and advertising literature must be read in conjunction with the applicable Fund’s prospectus and filings with the Securities and Exchange Commission (“SEC”) in order to fully understand all of the implications and risks of the offering of securities to which the applicable prospectus relates. A copy of the applicable prospectus must be made available to you in connection with any offering. No offering is made expect by a prospectus filed with the Department of Law of the State of New York. None of the SEC, the Attorney General of the State of New York or any state securities commission has approved or disapproved of these securities or determined if the prospectuses are truthful or complete. Any representation to the contrary is a criminal offense. Securities offered through FS2 Capital Partners, LLC. FS2 Capital Partners, LLC is a wholesaling broker dealer. Franklin Square Capital Partners is not affiliated with Franklin Resources/Franklin Templeton Investments or the Franklin Funds.

86

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Gold Sponsors

Gulf South Holdings, Inc. 650 Poydras Street New Orleans, LA 70130 504-566-9802 www.gulfsouthenergy.com

Profile: Gulf South Holdings, Inc.

REISA Annual Conference & Trade Show 2013

87

Gold Sponsors

Annual Conference & Trade Show 2013

Hamilton Point Investments, LLC 2 Huntley Road Old Lyme, CT 06371 (860) 598-4300 hamiltonptinv.com

Profile: Hamilton Point Investments, LLC Hamilton Point Investments, LLC is a real estate investment company that manages a series of selfliquidating private equity funds that acquire multifamily and select commercial properties from banks and CMBS special servicers at significant discounts to prior peak valuations and replacement cost. HPI also has offered select exchange-property transactions with an emphasis on transactions that use amortizing mortgage debt and rely on cash flow from operations to cover investor distributions. HPI opportunity funds and affiliates have acquired 3,500 REO apartment units and 1,100,000 square feet of commercial space from lenders since the real estate downturn. The funds paid $148 million for properties that had defaulted mortgages totaling $203 million and pre-crash market peak valuations of $253 million.

Acquiring multifamily and commercial properties from financially distressed sellers at discounted prices Hamilton Point Investments is raising $40,000,000 for HPI Real Estate Opportunity Fund III, LLC. The Fund provides annual targeted distributions of 8% and capital appreciation sufficient to achieve an IRR in excess of 18% to investors over the 5-7 year fund life. HPI funds and affiliates have acquired 3,500 REO apartment units and 1,100,000 square feet of commercial space from lenders since the real estate downturn. HPI paid $148 million for properties that had defaulted mortgage amounts totaling $203 million and market peak valuations of $253 million. Matthew A. Sharp Managing Principal

J. David Kelsey Managing Principal

2 Huntley Road Old Lyme, CT 06371 (860) 598-4300 www.hamiltonptinv.com

Securities Offered Through Orchard Securities, LLC, Member FINRA/SIPC. For Broker-Dealer use only. The information contained herein is for information purposes only and is not an offer or solicitation to purchase any securities.

88

REISA Annual Conference & Trade Show 2013

Gold Sponsors

Annual Conference & Trade Show 2013

Hirschler Fleischer 2100 East Cary St. Richmond, VA 23223 804.771.9500 www.hf-law.com

Profile: Hirschler Fleischer Hirschler Fleischer is a multispecialty law firm with more than 65 lawyers serving clients throughout the United States from two offices in Richmond and Fredericksburg, Virginia. Hirschler Fleischer provides a range of legal services to meet the needs of corporate, institutional and government clients. The firm’s real estate capital markets practice group is a multidisciplinary team of real estate, corporate and tax lawyers who regularly counsel clients on private placements, fund formation, IPOs and secondary offerings of equity and debt securities, including seed, venture, mezzanine and bridge financings. The group has a particular focus on real estate-related projects, with team members experienced in real estate acquisition, sales, joint ventures, financing and loan workouts. Hirschler Fleischer, The Edgeworth Building, 2100 E. Cary Street, Richmond, Virginia, 23223-7078, 804.771.9500, www.hf-law.com.

The Hirschler Fleischer Real Estate Capital Markets Group Fund Formation and Operation · Equity and Debt Financing Mergers and Acquisitions · Sales and Acquisitions · Strategic Alliances Joint Ventures · Governance · Wind-up · Tax Visit us at the REISA Conference, Booth #219 or on the web at www.hf-law.com.

A T T O R N E Y S

A T

L A W

The Edgeworth Building · 2100 East Cary Street · Richmond, Virginia 23223 Phone: 804.771.9500

REISA Annual Conference & Trade Show 2013

89

Gold Sponsors K V C F

Annual Conference & Trade Show 2013

Kaplan Voekler Cunningham & Frank, PLC 7 East 2nd Street Richmond, VA 23224 804.423.7921 www.kv-legal.com

Kaplan Voekler Cunningham & Frank PLC

Profile: Kaplan Voekler Cunningham & Frank, PLC Kaplan Voekler Cunningham & Frank, PLC counsels companies on all aspects of capital formation, compliance, financing, acquisition/disposition and exit strategies along with mergers & acquisitions, real estate and litigation. We regularly advise broker-dealers and investment advisors on formation, compliance and FINRA arbitrations. Our team specifically focuses on issues affecting companies in the middle market and alternative investment arenas. Our clients include venture capital, private equity, debt and real estate funds and REITs, as well as a variety of ’40 Act funds. We bring an entrepreneurial approach to sophisticated legal representation, with competitive and innovative pricing models.

Providing legal counsel on all aspects of your business from capital formation, acquisition, compliance, financing to exit.

Securities/Capital Markets Real Estate Business Litigation Mergers & Acquisitions Regulation A/Regulation D Offerings Hedge Funds/ Mutual Funds REITs RICHMOND ■ NORTHERN VIRGINIA/WASHINGTON D.C. ■ HOUSTON Email us at: [email protected] | www.kv-legal.com | Richmond Office 804.423.7921

90

REISA Annual Conference & Trade Show 2013

Gold Sponsors

Annual Conference & Trade Show 2013

MacKenzie Capital Management 1640 School Street Moraga, CA 94556 800.854.8357 www.mackenziecapital.com

Profile: MacKenzie Capital Management MacKenzie Capital Management (“MacKenzie”) has specialized in the area of discounted real estate securities investment and management for over a quarter of a century. Since 1987, MacKenzie has been actively managing portfolios of discounted real estate securities. After decades of experience gained in evaluating operating companies and real estate assets, MacKenzie targets undervalued portfolios and minority positions in existing public real estate partnerships, single—asset private placements, co-mingled real estate partnerships and smaller capitalized public and private REITs. Our core strategy is to purchase illiquid securities at significant discounts to our estimated net asset value. With them, we build diversified portfolios of income producing and growth oriented real estate securities. MacKenzie Capital Management funds provide current cash flow and the expectation of future returns based on the arbitrage between the discounted price paid for the real estate securities and the eventual full value liquidation of the underlying assets.

REISA Annual Conference & Trade Show 2013

91

Gold Sponsors

Annual Conference & Trade Show 2013

Steadfast REIT Investments, LLC 18100 Von Karman, Suite 500 Irvine, CA 92612 Phone: 949.852.0700 www.steadfastreits.com

Profile: Steadfast REIT Investments, LLC Steadfast Income REIT is sponsored by Steadfast REIT Investments, LLC, an affiliate of Steadfast Companies. Founded in 1994, Steadfast Companies has evolved into a vertically integrated, multifaceted real estate owner, operator and manager with senior real estate professionals who average over 30 years of investment experience. Steadfast Companies has acquired, developed and managed in excess of $2.6 billion of real estate. including over 20,000 apartment units and more than 5.2 million square feet of industrial, office and retail space. Today Steadfast Companies owns and/or operates a diverse portfolio valued at approximately $1.5 billion and comprised of over 100 properties across the United States and Mexico.

Steadfast’s Competitive Advantage Bringing Institutional Resources to Main Street Markets 19-year history

100+ properties

15,000+ units

25+ states

1,200+ employees

Steadfast Companies has acquired, developed or redeveloped more than $3 billion throughout the U.S. and Mexico.

18100 Von Karman Avenue, Suite 500 Irvine, CA 92612 949-852-0700 www.steadfastcompanies.com

92

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Gold Sponsors

Strategic Storage Opportunity Trust, Inc. 111 Corporate Drive, Suite 120 Ladera Ranch, CA 92694 949.429.6600 www.sstreit.com

Profile: Strategic Storage Opportunity Trust, Inc. Strategic Storage Opportunity Trust, Inc. is engaging in a private offering of shares for the express purpose of investing in growth oriented properties within the self-storage asset class. For information, please call our sales desk at (877) 327-3485.

Strategic Storage Opportunity Trust, Inc.

Strategic Storage Opportunity Trust, Inc. is engaging in a private offering of shares for the express purpose of investing in growth oriented properties within the self-storage asset class. For information, please call our sales desk at (877) 327-3485.

This property in this ad is not owned by Strategic Storage Opportunity Trust, Inc. This property was acquired by another program sponsored by our sponsor. The property is only shown to indicate what we expect our acquisitions to look like after we have converted them to the SmartStop® brand.

REISA Annual Conference & Trade Show 2013

93

Gold Sponsors

Annual Conference & Trade Show 2013

Time Equities, Inc. 55 W 55th Ave. 15th Floor New York, NY 10003 212.206.6196 www.timeequities.com

Profile: Time Equities, Inc. Time Equities, Inc. (TEI) is a privately held full service Real Estate Investment & Development Company. Founded in 1966, TEI has maintained success in both bull and bear real estate markets. TEI’s disciplined investment strategy focuses on staying “ahead of the curve.” The TEI way is to protect against the downside through rigorous analysis and to “buy right” because you only get one chance to do so. TEI believes that to succeed in real estate one needs to have a long-term view, be flexible, opportunistic and able to maintain a balanced portfolio in diverse markets. Unlike specialized investors, TEI is experienced with virtually all property types and sizes.

94

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013

Gold Sponsors

U.S. Energy Development Corporation 2350 North Forest Road Buffalo, NY 14068 800-636-7606 www.usedc.com

Profile: U.S. Energy Development Corporation Since 1980, U.S. Energy Development Corporation has pioneered a unique project development approach that is focused on drilling, acquisition and joint venture opportunities. Today, the company continues a rapid expansion into some of the most prolific oil-focused shale and resource plays throughout the United States. You can find U.S. Energy actively involved in new projects in the Bakken, Barnett, Wolfberry, Eagleford, Hunton and Mississippian. The company has deployed more than $545 million in investor capital in our tax advantaged investments since 2003. Even after more than 30 years in business, U.S. Energy was ranked by Inc. Magazine as one of the Fastest Growing Private Companies in the USA consecutively from 2009 through 2013. Are You Part Of The U.S. Energy Quest? Come, Share Our Vision.

VISIT US AT THE REISA CONFERENCE

REISA Annual Conference & Trade Show 2013

95

Gold Sponsors

Annual Conference & Trade Show 2013

Wilkinson Realty Corporation

W

I L K I N S O N

R

E A LT Y

212 North Naches Avenue Yakima, WA 98901 509-853-2442 www.wilkinsoncorporation.com

Profile: Wilkinson Realty Corporation At Wilkinson Corporation and its family of companies, words and phrases such as investor integrity, health development, protection, trust and hard work carry special meaning. We are committed to the best possible performance on every real estate transaction, every partnership...every endeavor we enter into. Whether it is acquisitions or operations...in multi-family, student housing, office or the senior housing and care sector, the Wilkinson Family of Companies has the experience, depth and expertise to do the job right.

W

I L K I N S O N

R

E A LT Y

Offering New Opportunities in the Development and Acquisition of Private Pay Assisted Living, Memory Care and Multi-Family Assets

Creating Opportunities for Economic Benefit Via Socially Responsible Land Development and Conservation Projects

FOR BROKER DEALER USE ONLY – NOT FOR PUBLIC USE This advertisement does not constitute an offer to sell, nor a solicitation of an offer to buy any security which can be made only by a Confidential Private Placement Memorandum and all exhibits, attachments and supplements thereto (“PPM”), and sold by participating broker-dealers and registered investment advisors who are licensed to do so. Each PPM provides a full description of the businesses and a comprehensive listing of the risk factors, respectively. An investment in Wilkinson Realty Corporation or EcoVest Capital, LLC offered securities may be considered speculative and subject to a high degree of risk, including the risk of losing your entire investment. Securities are being offered on a best efforts basis on behalf of Wilkinson Realty Corporation and EcoVest Capital, LLC, individually, by Arque Capital, Ltd., Member FINRA/SIPC, dealer manager for Wilkinson Realty Corporation and EcoVest Capital sponsored offerings. None of Arque Capital, Ltd., Wilkinson Realty Corporation or EcoVest Capital, LLC, are affiliated entities.

96

REISA Annual Conference & Trade Show 2013

Silver Sponsors

Annual Conference & Trade Show 2013

REALTY COMPANIES ENERGY DEVELOPMENT

REISA Annual Conference & Trade Show 2013

97

Additional Sponsors

Annual Conference & Trade Show 2013

Cocktail Reception Sponsor Breitling Energy Companies was founded in October 2004. With over 72 years of combined experience and 30 years of royalty expertise by senior analysts, Breitling has raised over $85 million in investment capital. Breitling has purchased 7 specific royalty properties, creating a unique opportunity for investors looking for non-blind pools or 1031 exchange compliant replacement properties. As of 2013, Breitling’s oil and gas royalty programs have combined program returns averaging in the mid-teens, offering investors an extremely high return on investment. Additionally, investors can breathe easy, as independent annual audits are done by Rothstein Kass of Dallas, Texas. Cyber Café Sponsor Covington’s vision is to provide every investor, regardless of size, access to institutional grade properties for investment. We have experience in working with a variety of clients including entrepreneurs, mid-size companies and large institutional organizations. We also provide the following services: acquisitions, asset management, property management, and leasing services for commercial and multi-family properties. Commercial properties range from neighborhood strip centers, grocery anchored centers, regional power centers, enclosed regional malls, office and industrial. Our goal is to oversee these properties with professionalism, integrity and transparency. We strive to increase the performance of each asset and add value for the future while protecting each asset as our own with the highest possible operating standards. Lanyards Sponsor DataSource is a leading provider of marketing, print and branded merchandise supply chain services for clients with complex distribution needs, multi-location stores, service centers or franchise locations. With a transparent model, we have a track record of saving clients 15% to 30% in the procurement and distribution of critical marketing and communication materials, while creating programs that are focused on quality, performance, distribution synergies and supply chain efficiencies from implementation through execution. The value we deliver is bringing depth and breadth of industry and functional expertise to financial organizations. Partner with a company who: Understands your needs and has a proven track record of accomplishment; Takes a consultative approach in overcoming challenges related to relevant, current and brand compliant content; Supports your locations and agents with state of the art technology in communication to prospects and clients; Helps manage budgets and costs through analytics and reporting.

Breitling Energy Companies 1910 Pacific Ave, 7th Floor Dallas, TX 75201 214-716-2200 www.breitlingenergy.com

Covington Realty Partners 30 S. Wacker Drive Suite 2750 Chicago, IL 60606 312-669-1300 www.covingtonrealtypartners.com

Datasource 1400 Universal Avenue Kansas City, MO 64120 281-990-8310 www.data-source.com

Hotel Keycards Sponsor Hamilton Point Investments, LLC is a real estate investment company that manages a series of self-liquidating private equity funds that acquire multifamily and select commercial properties from banks and CMBS special servicers at significant discounts to prior peak valuations and replacement cost. HPI also has offered select exchange-property transactions with an emphasis on transactions that use amortizing mortgage debt and rely on cash flow from operations to cover investor distributions. HPI opportunity funds and affiliates have acquired 3,500 REO apartment units and 1,100,000 square feet of commercial space from lenders since the real estate downturn. The funds paid $148 million for properties that had defaulted mortgages totaling $203 million and pre-crash market peak valuations of $253 million.

98

REISA Annual Conference & Trade Show 2013

Hamilton Point Investments 2 Huntley Road Old Lyme, CT 06371 (860) 598-4300 hamiltonptinv.com

Annual Conference & Trade Show 2013

Morris, Manning & Martin 1600 Atlanta Financial Center 3343 Peachtree Road, NE Atlanta, Georgia 30326 404-233-7000 www.mmmlaw.com

NorthStar Realty Securities, LLC 5299 DTC Blvd. Suite 900 Greenwood Village, CO 80111 877-940-8777 www.northstarREIT.com

RREEF Property Trust 101 California St. Floor 26 San Francisco, CA 94111 415-203-5615 www.rreefpropertytrust.com

NY - NJ - CT - FL - CA- TX www.WSSLLP.com

Winget, Spadafora & Schwartzberg, LLP 1900 Avenue of the Stars Suite 450 Los Angeles, CA 90067 310-836-4800 www.wssllp.com

Additional Sponsors

Mobile App Sponsor Morris, Manning & Martin serves clients in accessing the capital markets in billions of dollars of transactions. We represent real estate developers and operating companies, financial institutions, pension funds, institutional investors, investment advisors, and asset managers with respect to their real estate investments, both in the US and abroad. Our investment and development work touches every real estate asset class, including affordable housing, brownfield, condominium, hotel, industrial/distribution, mixeduse, multi-family, office, resort, student housing and retail. As deal-makers and innovators, our attorneys routinely negotiate, document and close private and public equity offerings for REITs, real estate limited partnerships, strategic joint ventures, debt funds, tax credit funds, bond financings and UPREITs. We combine extensive real estate industry knowledge with legal acumen to make deals happen, adding value through introductions to capital and product sources and the facilitation of strategic relationships. At Morris, Manning & Martin, LLP, our clients’ success is the only true measure of our success. Break Sponsor NorthStar Realty Securities, LLC (NorthStar) is the broker-dealer affiliate of NorthStar Realty Finance Corp. (NYSE: NRF) and the dealer-manager for its public, non-traded REIT offerings including NorthStar Real Estate Income Trust, Inc. and NorthStar Healthcare Income, Inc. NorthStar seeks to leverage its resources, expertise and capabilities of its seasoned management and real estate professionals to offer retail investors direct access to investment opportunities in commercial real estate debt, commercial real estate securities and select equity investments. We believe the scarcity of available capital is creating significant investment opportunities—those that offer attractive yields relative to their risk. As of December 31, 2012, NorthStar Realty Finance Corp, one of the first listed public companies to sponsor public, non-traded REITs, had over $7.4 billion in assets under management. NorthStar is dedicated to providing financial professionals and their clients with the information they need to make informed investment decisions and provide investors an alternative path to income.

Notepads Sponsor RREEF Property Trust is a daily NAV, non-traded real estate investment trust with a fully diversified investment strategy that blends core real estate (office, industrial, retail and multifamily sectors), real estate securities and debt backed by real estate. RREEF Property Trust’s sponsor, RREEF Real Estate, is the third largest full-service real estate manager in the world with roughly $57.4 billion in assets under management, approximately 550 employees in 22 locations around the world and nearly 600 institutional clients across the globe.

Tote Bags Sponsor Winget, Spadafora & Schwartzberg, LLP provides comprehensive legal solutions designed to achieve optimal results for our clients. We stand with our clients to confront the challenge of litigation and to develop creative solutions to their legal problems. We are proud that our clients include many of the leading insurance companies and financial institutions in the United States. Our Securities Litigation and Arbitration, Regulatory and Employment Practice Groups have decades of experience representing broker-dealers, investment advisors, registered representatives and other investment professionals in a wide-array of disputes in numerous State, Federal and industry venues. Winget, Spadafora & Schwartzberg, LLP is a national law firm with offices in New York, New Jersey, Connecticut, California, Florida and Texas. A complete description of the firm and our attorneys is on the web at www.WSSLLP.com.

REISA Annual Conference & Trade Show 2013

99

Media Partnerships

Annual Conference & Trade Show 2013

Thank you to our 2013 Annual Conference Media Partnerships

100

REISA Annual Conference & Trade Show 2013

REISA

Annual

CONFERENCE and TRADE SHOW

2013

The #1 conference for Alternative Investments 10 years running

REISA Annual Conference & Trade Show 2013

101

Notes

102

REISA Annual Conference & Trade Show 2013

Annual Conference & Trade Show 2013