CAIA San Francisco Investing in Opportunity Zones
January 23, 2019
Note: All times listed are in local time
400 Howard St
San Francisco, CA 94105
Fee(s):This event has a fee
CAIA San Francisco Educational Event: Investing in Opportunity Zones
CAIA San Francisco invites you to join us for an interactive discussion of an exploration of the investment opportunities, economic, and societal benefits of Public-Private Partnership within Opportunity Zones.
Themes we will be discussing:
- What are Opportunity Zones and how is current legislation shaping them?
- How does todays Institutional Investor take advantage of the Tax benefits?
- Framework for investor risk reward trade off investing in zones?
- How does a City or State Government structure incentives to maximize socio-economic benefit and investment outcomes?
5:00pm Panel Discussion
6:30pm Networking Reception
Todd Castagna, Managing Director of Acquisitions, Bridge Development Fund Manager
Ted Conrad, Project Manager, San Francisco Office of Economic and Workforce Development
Orla O’Connor, Principal, Tax, KPMG
Stephen Malta, Community Development Consultant, Bay Area Council
Isela Rosales, Managing Director, Bridge Investment Group (Moderator)
Date and Time
Wednesday, January 23rd, 2018
4:30 PM to 7:30 PM PT
CAIA Member - $0
Non-Member - $20
Guest of Registrant - $20
400 Howard St
San Francisco, CA 94105
Organization: Bridge Zone Investment Group
Todd serves as Managing Director of Acquisitions for the Bridge Opportunity Zone Development Team, in charge of sourcing and underwriting both direct and joint venture development opportunities throughout the United States. Prior to joining the Opportunity Zone team, Mr. Castagna was Vice President of Acquisitions at Peak Capital Partners where he oversaw the acquisition and performance of multifamily assets in various markets throughout the country. Mr. Castagna also brings significant multi-asset investment expertise from his experience as Managing Director of Research at Bridge Investment Group, where he focused on market selection for the firm’s multifamily and commercial office groups, and as Vice President of Consulting for RCLCO Real Estate Advisors where he managed complex consulting engagements across all property types. Mr. Castagna graduated from Brigham Young University in 2005 with a Bachelor of Arts in Economics, magna cum laude, and earned his MBA in Finance from BYU’s Marriott School of Management.
Organization: San Francisco Office of Economic and Workforce Development
Ted is a project manager with the San Francisco Office of Economic and Workforce Development, focused on shepherding large development projects through complex approvals with maximum public benefits. Ted previously worked in the San Francisco Mayor’s Office of Public Policy and Finance developing the City’s $11 billion annual budget and prior to that worked in renewable energy development with Silverado Power. Ted holds a BA in Geography from UCLA and a Master in Urban Planning from Harvard Graduate School of Design.
Organization: Bay Area Council
A native San Franciscan and USF Business Administration graduate with a passion for local investing conforming to fiduciary standards, housing affordability, policy, and workforce development. Currently, Stephen works directly with the CEO of the Bay Area Council to launch and raise a Bay Area private equity & real estate fund, organize, and advise on policy. With the Council he is engaging across the public, private and philanthropic sectors while publishing, organizing, and traveling around the Bay Area, California and the country to explore opportunities and challenges related to place-based investment. Prior to the Council, Stephen worked as a community organizer for the Bay Area non-profit and Corporate Social Impact tech community and as a product marker at Pluralsight, a recently IPO’d technology training startup. Meanwhile, these past two years, Stephen has continuously engaged cross-sector work relating to investment across asset classes and business models with competitive financial returns and ancillary impacts.
Orla is a Tax principal based in the San Francisco office providing tax consulting and compliance services to asset management clients, with a specialization in Patient Capital/Evergreen Structures, Impact Investing, Cross-border Structures, and the Real Estate Industry. Before joining KPMG, Orla most recently served as legal counsel in the Washington, DC office of Goodwin Procter, where she advised real estate and private equity clients on transactions, private letter rulings, and tax policy matters. Previously, Orla served as acting special counsel to the deputy chief counsel (technical) at the Internal Revenue Service, where she reviewed over forty published guidance projects, and while an attorney advisor in the Financial Institutions and Products Group was part of the working groups responsible for the "Basket Notices" designating certain derivatives as reportable transactions, and guidance related to regulated investment companies' investments in commodities, and dividends on convertible debt. Prior to that, Orla was lead global tax counsel at The Carlyle Group, where she implemented the firm's publicly traded partnership structure, structured non-US funds investing in Asia, Latin America and Africa, and was lead global tax counsel for transactions across the firm's private equity, real estate and global market strategies businesses. Orla earned her law degree from Columbia University and her undergraduate degree in foreign service from Georgetown University.
Organization: Bridge Investment Group Partners
Isela serves as a Managing Director in the Capital Markets Group at Bridge Investment Group. Prior to joining Bridge, Ms. Rosales worked at Brevan Howard in Investor Relations, managing corporate and public pension, endowment, foundation, private wealth, and investment consultant relationships. Previously, she was Head of Client Services for Lyxor Asset Management, Inc. and Director of Marketing & Investor Relations for Coast Asset Management in their New York offices, cultivating institutional level client relationships for each multi-billion dollar firm’s hedge fund and multi-manager products. She began her career at Cambridge Associates, serving on consultant teams for the firm’s endowment, foundation, and family office clients, covering traditional and hedge fund asset classes. Ms. Rosales received dual BA degrees in International Relations and Spanish from Stanford University, graduating with honors distinctions. She is a CAIA Chapter Executive for the San Francisco Chapter of the CAIA Association.