Join Other Private Equity Investors at theIMN’s Real Estate Private Equity Forum

on Land & Homebuildingat The Bellagio Hotel in Las Vegas, Nevada

on October 17-18

Now with a shortage of new homes, homebuilders are again in a building mode. Much of the formerly distressed land has been bought at very low prices by private equity and real estate opportunity funds. These funds are now selling the land, partnering with or financing builders in their acquisition of these lots.

I invite you* to join investors such as yourself at this timely conference which will focus on key issues regarding successfully investing in land and homebuilding by private equity and real estate funds and how they are working with homebuilders.

The panel on which I will be speaking is titled Distressed Plays 2014: Recapping Homebuilders, Buying Notes/Foreclosing on Land, REO Purchases & Other Sources to be held on October 18 at 8:45 a.m.

The panel will address the following topics:

Which markets still have remnants of distress? What type of product is available? How is it pricing vs. replacement cost/current value? Sources of product

Single family bulk purchases What is leaking out of the banks? Are they providing the financing? Entity-level deals The foreclosure process: Bumps along the way Buying and converting liens Update on New Nevada rulings on receiver sales • Notes and broken home

developments-Anything left?

For further information, including confirmed speakers and the complete agenda, please visit: www.imn.org/land13.

I hope to see you in Vegas,

David Michelson

*IMN offers special discount codes for their colleagues to attend the conference. Use the Speaker Colleague Discount from Three Arch Investors and receive 20% off of the standard rate. Please use the code (SP20) when registering online.