How to use nested entities (e.g. location details for events)?

I watched the excellent screencast yesterday evening and set up a test site for testing this module and schema.org metadata in general. In the event example, the location was entered as free text which I found a bit confusing.

Many schema.org terms consist of nested items. For example, Event location is expected to be Place (or PostalAddress). Place has a property called geo, which is expected to be GeoCoordinates (or GeoShape). GeoCoordinates can then have longitude and latitude properties.

Let's assume that we have a content type "Event" which has the following fields:
- Title
- Date
- Street address
- City
- Country
- Latitude
- Longitude

So if I'm reading the schema.org documentation correctly here, the fields should be mapped to schema.org properties as follows:

Event
- name <--> field title
- startDate <--> field date (from date)
- endDate <--> field date (to date)
- location / Place
-- address / PostalAddress
--- streetAddress <--> field street address
--- addressLocality <--> field city
--- addressCountry <--> field country
-- geo / GeoCoordinates
--- latitude <--> field latitude
--- longitude <--> field longitude

It is trivial to make a "flat" mapping between the Drupal content fields to the right schema.org property names but I guess that correct way to use schema.org is to use nesting as presented in schema.org documentation. Can this kind of nesting be done using this module?