January 27-29, 2016, Devonshire hosted it’s annual Fiduciary Symposium
For over 60 years Pensions, Endowments and Foundations have used Commercial Real Estate as an integral part of their portfolio allocations for three reasons: 1) Income, 2) Diversification and 3) an Inflationary Hedge. The average allocation to CRE is 10% with almost 75% of that being in the form of private commercial real estate.
This is in contrast to the average bank or private trust who typically hold at most a small position in public REITs as their “real estate” allocation.
Academic studies and real performance have proven that holding both private and public real estate in portfolio allocations yield the highest returns for the lowest corresponding amount of risk (as measured by volatility).
So, in an effort to help spread awareness, and provide education on commercial real estate, its structures and options, its strengths and weaknesses, and its proper role in a fiduciary’s practice, on
January 27th – 29th, Devonshire hosted its annual Fiduciary Commercial Real Estate Symposium.
Held at the LaPlaya Golf Resort in Naples, Florida, attendees heard speakers representing the full spectrum of commercial real estate topics: public and private, due diligence, economics, portfolio allocation and estate planning (721/1031 exchanges). Attendees also earned six continuing education credits towards their CFAs, CFPs and CSOPs.
Planning is under way for next year’s Symposium with hopes to have additional details available in the near future.
& Subject Matter
Basketball Hall of Fame, 2008
Analyst ESPN, ABC Sports
The Game of Life
Brian S. Mick, Esq
Mick & Associates, PC, LLO
Real Estate Due Diligence & Underwriting
President & CIO
Integrity Bank & Trust
Diversification 3.0-Crucial Client Conversations
Glenn R. Mueller, Ph.D.
Prof, School of Real Estate & Const Mgmt
University of Denver
Economic Fundamentals and Real Estate Cycles
Brad Case, PhD, CFA, CAIA
Senior Vice President, Research
Portfolio Diversification Benefits of Combining Holdings in Listed and Unlisted Equity Real Estate
Dancing Elephants Achievement Group
Leveraging Generational Differences
R. Todd Ervin, JD
Bass, Berry & Sims PLC
Tax Deferral and Avoidance with UPREITs
Michael J. Dixon
Director of Organizational Development
Pohl Consulting and Training
Round Table Panel Moderator