SB: Valuing Operating Businesses

Valuing Operating Businesses
Speaker Biographies

Brad Weinberg
Partner
Novogradac & Company LLP

Brad Weinberg is a partner in the metro Washington, D.C., office of Novogradac & Company LLP and heads the Government Consulting and Valuation Advisory Services (GoVal) group nationally for Novogradac & Company LLP. Mr. Weinberg has extensive experience in providing business valuation, real estate appraisal, transaction support and economic impact analysis (IMPLAN) services to both public and private sector interests. Mr. Weinberg also provides litigation support including consultation and testifying expert witness services. He also provides valuations for estate and gift tax purposes. Mr. Weinberg’s previous experience includes working as a manager in the Washington, D.C., office of Ernst & Young LLP. He received a bachelor’s degree in urban planning and a master’s degree in accounting and financial management from the University of Maryland. He holds the CVA business valuation designation from the National Association of Certified Valuators and Analysts (NACVA). Further, Mr. Weinberg is a certified real estate appraiser and is a designated member of both the Appraisal Institute and the Commercial Investment Real Estate Institute.

Neil Faden
Partner
Manatt, Phelps & Phillips, LLP       


Neil Faden focuses on finance matters related to the New Markets Tax Credit (NMTC) program and renewable energy tax credit (RETC) projects. His practice includes the representation of community development entities, investors, lenders and borrowers. Mr. Faden advises sponsors of collective investment vehicles, organized as limited liability companies and partnerships, ranging from hedge funds to real estate private equity funds. He regularly handles transactions structured in non‐U.S. jurisdictions to enable investment by foreign investors and acquisitions of securities in compliance with U.S. law. Mr. Faden has lead responsibility for dozens of affordable housing finance transactions, including the formation of limited partnerships designed to invest in affordable housing generating federal low-income housing tax credits (LITHCs), negotiation with institutional investors in such partnerships, negotiation with lenders and negotiation of equity investments in partnerships constructing or rehabilitating affordable housing. Mr. Faden has extensive experience representing developers of assisted living facilities including the formation of joint ventures for the development or ownership of assisted living facilities, compliance with regulatory requirements and the financing and sale of such facilities.


Kimberly Smith
Partner
Butler Snow LLP

Kimberly Smith is a transactional lawyer who focuses her practice on structuring investments that produce federal and state tax benefits, with a strong emphasis on transactions generating tax credits. Ms. Smith has extensive experience in structuring transactions involving the new markets tax credit (NMTC), historic rehabilitation tax credit (HTC) and state tax credits. With regard to her NMTC experience, she works with investors, lenders, community development entities and qualified active low-income community businesses. She has worked on a wide range of transactions that have benefitted dozens of low-income communities throughout the United States with investment dollars building businesses and physical structures including charter schools, grocery stores, hospitals, retail centers, for-sale housing and museums. Ms. Smith speaks frequently on issues related to the NMTC program, as well as various other incentive programs and has contributed to industry publications.
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