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Depot Park Conference Center

Depot Park Conference Center

Depot Park, a former Army logistics center, was transformed into a cutting-edge business park and is Sacramento’s most ideal business campus. This aesthetically appealing and highly functional park, bustling with activity and excitement, makes the best use of existing structures, layout and location with convenient access to freeways and airports.

Security is a top priority and critical to tenants who count on it. The park is gated with 24-hour patrols, providing ease-of-mind to business owners and managers. Depot Park is a safe and comfortable place for any business.

The former officer’s club is now a spacious, readily available conference center. Lush landscaping lends a serene feel, with a green park running through the site, while a 3-megawatt solar field enhances Depot Park’s green factor.

Speakers and Panels

An Opportunity Zones Update

Understanding newly released regulations and exploring future development

Patrick Kennedy

Patrick Kennedy

Owner

Panoramic Interests

Kunal Merchant

Kunal Merchant

Co-founder & President

CalOZ

Michael Heller

Michael Heller

Founder

Heller Pacific

Matthew Davis

Matthew Davis

Managing Director

KPMG

Erik Hayden
Moderator

Erik Hayden

Founder

Urban Catalyst

Morgan Mackles
Moderator

Morgan Mackles

SVP Investor Relations

Urban Catalyst

Patrick Kennedy

Owner

Panoramic Interests

Patrick Kennedy is the owner of Panoramic Interests, a development firm that has been building housing, live-work space, and commercial property in the Bay Area since 1990. The firm has focused on dense, mixed-use, mixed-income, infill developments, typically financed with private funds. All of the multi-family housing projects include below market rate units. The firm’s projects incorporate the Smart Growth principles designed to discourage auto use, mitigate sprawl, encourage local business, and enhance the pedestrian streetscape. Mr. Kennedy grew up in the East Bay, and attended Claremont McKenna College, majoring in Economics and English. He is a former member of the Carpenters Union and Steelworkers Union, and the California Bar. After college, he worked as a contractor, and then attended Harvard Law School and MIT, graduating with a J.D. and a Masters in Real Estate Development. Early development work included building his own house, and renovating several small commercial properties. His hobbies include open water swimming and ultra-light backpacking, both of which have furnished surprising insights into his work in development.

Kunal Merchant

Co-founder & President

CalOZ

Kunal Merchant is President and Co-Founder of CalOZ a new organization dedicated to supporting the growth of quality Opportunity Zone investments in California. Kunal specializes in cross-sector collaborations, having advised over $8B in public-private partnerships nationwide. In addition to CalOZ, Kunal is Managing Director of Lotus Advisory a strategic consulting firm based in San Francisco that advises clients in sports, technology, real estate, entertainment, public policy, philanthropy, and social enterprise. Kunal was previously an executive with the Sacramento Kings and Chief of Staff for former Sacramento Mayor Kevin Johnson, where his portfolio included the award-winning Golden 1 Center and several initiatives to enhance opportunities in low-income communities. Kunal sits on the Board of Directors for the Green Sports Alliance and is an Adjunct Professor at the University of San Francisco Graduate School of Sport Management. Kunal holds an A.B. in Economics from Harvard University and M.B.A. from Harvard Business School.

Matthew Davis

Managing Director

KPMG

Matt is a managing director in KPMG’s Bay Area Real Estate and Construction practice, providing tax compliance and consulting services to real estate investors and investment entities. Matthew has over 14 years of tax experience, including sub specialties in cross-border investing and agriculture investing.

Matt has significant experience managing complex tax compliance engagements for multitier real estate partnerships, real estate investment trusts, and funds, and their investment entities down through the property level.

Matthew is a frequent speaker on real estate industry issues; recent engagements include the Financial Executives International, CFMA, and the Sacramento County Bar Association, regarding tax reform changes such as §163(j) structuring, §199A, and Qualified Opportunity Zones.

Erik Hayden

Moderator

Urban Catalyst

Responsible for developing more than $3.5 billion in real estate projects, including over 2,300 residential units in the California Bay Area, Hayden has experience in acquisition, contract negotiation, due diligence, risk assessment, financing, construction, and disposition of multifamily, single family and large mixed-use and master planned developments. He maintains relationships with a broad network of property owners, enabling him to identify and acquire prime investments. Hayden also has expertise navigating projects through the entitlement process by working with elected officials, community groups, and political organizations to gain support and get projects approved.

Sacramento County's Opportunity Zones

What is being done? What should be?

Eric Guerra

Eric Guerra

Councilman, District 6

City of Sacramento

Frank Myers

Frank Myers

EVP & CFO

LDK Ventures

Jamie Gomes

Jamie Gomes

Managing Principal

Economic & Planning Systems

Leslie Fritzsche

Leslie Fritzsche

Senior Econ Dev. Proj. Manager

City of Sacramento

Tracey Schaal

Tracey Schaal

Executive Director

Power Inn Alliance

David Creeggan
Moderator

David Creeggan

Shareholder

Trainor Fairbrook

Eric Guerra

Councilman, District 6

City of Sacramento

Councilman Eric Guerra was elected to represent Sacramento City Council District 6 in April 2015 and was reelected in 2016. District 6 encompasses Campus Commons and Sierra Oaks in the North, between Stockton Boulevard and Watt Avenue, including the areas of Tahoe Park and Little Saigon.

Councilman Guerra is a proud Sacramento State Hornet. He graduated in 2003 with a Bachelor’s degree in Electrical and Electronic Engineering. In 2008 he earned his Master’s degree in Public Policy and Administration. Prior to his election to the City Council, Councilman Guerra served as the Governor appointee to the California State University Board of Trustees, President of the Tahoe Park Neighborhood Association, Chairman of the Sacramento County Planning Commission, President of the Sacramento State Alumni Association and has over 13 years of experience in the California State Legislature in numerous roles.

Councilman Guerra is appointed to serve on behalf of the City of Sacramento on the multi-jurisdictional Joint Powers Authority boards:

Sacramento Regional County Sanitation District

Sacramento Regional County Solid Waste Authority

Sacramento Area Sewer District Board (SASD)

Sacramento Metropolitan Cable Commission

Sacramento Metropolitan Air Quality Management District (SMAQMD)

Sacramento Transportation Authority (STA)

Sacramento County Disaster Commission

He also represents the City on their standing Law & Legislation Committee and the League of California Cities Board of Directors.

Councilman Guerra is focused on improving the quality of life in our neighborhoods through protecting our parks, revitalizing Stockton Boulevard, develop the Sacramento Center of Innovation (SCI), and bring more commerce to the Power Inn Corridor. Councilman Guerra is devoted and proud to serve the community that he has called home for more than 20 years.

Jamie Gomes

Managing Principal

Economic & Planning Systems

Jamie is an economist with more than 17 years’ experience in capital facility financing, fiscal impact analysis, government reorganization, and real estate economics. Directing complex consulting assignments on behalf of both public- and private-sector clients, Jamie’s work has resulted in successful new and redevelopment projects, including municipal incorporations and former military base reuse projects. Adhering to one of EPS’s core values, Jamie prepares objective analyses to inform clients’ decision making—striving for the most financially effective solution that minimizes uncertainty and shares risks between the public and private sectors. Jamie is one of EPS’s leading experts in implementing infrastructure financing mechanisms, particularly Mello-Roos Community Facilities Districts, development impact fee programs, and related cost-sharing agreement mechanisms.

Jamie holds a Masters of Business Administration degree from California State University Sacramento and a Bachelor’s degree in Economics from the University of California at Davis. He serves as the Treasurer for the Urban Land Institute—Sacramento District Council and participates in the District Council’s Executive Committee. In addition, Jamie serves as a board member for First U.S. Community Credit Union, a Sacramento-based credit union serving members who live, work, or worship in 12 counties surrounding Sacramento. Finally, Jamie is a member of the American Cancer Society’s Sacramento Partnership Council, which raises approximately $175,000 annually for the society.

Summary

1. What are Opportunity Zones and what is a Qualified Opportunity Fund?

2. What are the benefits of investing in Opportunity Zones and how does OZ investing work?

3. How do developers and investors in OZs and Qualified Opportunity Funds expect their projects to spur economic development in Sacramento?

4. Of the tracts of land designated as Opportunity Zones by Governor Jerry Brown, which are most ripe for investment and what makes them more desirable (and possibly profitable) than the others?

5. What are some of the benefits and challenges the regulation has created for investors and who is presently best positioned to take advantage of the program?

Venue

Depot Park Conference Center
8215 Ferguson Avenue
Sacramento,CA 95828

Floor: 1st floor


Free parking on-site.

Agenda

Time Activity
3:00 PM
4:00 PM
Breakfast, Coffee, & Networking!
4:00 PM
4:45 PM
An OZs Update

Understanding the newly released regulations

4:45 PM
5:30 PM
Sacramento County's Opportunity Zones

What is being done? What should be?

5:30 PM
6:00 PM
More Coffee & Networking!

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