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Sullivan & Worcester LLP

ONE POST OFFICE SQUARE, BOSTON, MA 02109, USA
Tel:
Work +1 617 338 2800
Fax:
Fax +1 617 338 2880
Web:
www.sandw.com

John Steiner

Tel:
Work (617) 338-2902
Email:
Sullivan & Worcester LLP

Work Department

Real Estate

Position

John M. Steiner is a partner in our Boston-based REIT practice and co-director of the Real Estate Department. Experienced in all aspects of real estate law and transactions, his practice focuses on acquisitions, financings and development work. In particular, Mr. Steiner represents REITs in the office, hotel and senior housing industries in connection with their acquisition, disposition, financing and leasing of large portfolios and individual assets. In 2013 and 2014, Mr. Steiner closed nearly $900 million in acquisitions on behalf of his REIT clients. John frequently advises foreign investors in the U.S. real estate markets, and was involved in numerous aspects of the development and financing of hotel and office properties in the Seaport District in South Boston. He also frequently represents borrows and lenders for senior housing projects. He is active in the legal community and co-chaired the Boston Bar Association’s Real Estate Finance Committee in 2004 and 2005. He also chaired the firm’s Hiring Committee.

Career

Massachusetts, 1997
Legal 500 U.S. (2016-2017)
"New Leader," Banker & Tradesman (2009)
"Rising Star," Massachusetts Super Lawyers (2005-2011)

Member

American Bar Association
Boston Bar Association
Co-Chair, Real Estate Finance Committee, Boston Bar Association (2004, 2005)

Education

J.D., cum laude, Harvard Law School, 1997
B.A., summa cum laude, Boston College, 1994


United States

Real estate

Within: Real estate

Sullivan & Worcester LLP is well known in the REIT space, where it acts for the likes of Senior Housing Properties Trust and Government Properties Income Trust. In 2016, John Steiner completed Hospitality Properties Trust’s $400m sale-leaseback of 20 travel centers to TravelCenters of America. Private equity is another strength, with co-chair John Balboni and Eric Lemont handling a series of real estate private equity joint venture transactions for Hartford Life Insurance Company. On the dirt side, Adam Weisenberg represented the Cronin Group in developing a proposed 125-unit waterfront condominium project in Boston; and Weisenberg also assisted Divco West with its $150m development of an office building and lab in Kendall Square in Cambridge. All attorneys named thus far are based in Boston, but the practice also has an outlet in New York, where counsel Oded Har-Even represented Ackerman Management and Development in acquisitions totaling $1bn, including the $700m purchase of the Dime Savings Bank Building and adjoining parcels at 340 Flatbush Avenue and 9 DeKalb Avenue in Brooklyn. Additional contacts are Boston-based co-chair Ashley Brooks and Hugh Finnegan, who leads on real estate matters in New York.

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United States: Real estate

Real estate investment trusts (REITs)

Within: Real estate investment trusts (REITs)

Sullivan & Worcester LLP advises public and private REITs regarding their M&A transactions, financings and stock offerings. Louis Monti and Ameek Ashok Ponda lead a team of 14 partners, all based in Boston. Ponda supported Equinix in its REIT conversion and subsequent global restructuring; the market capitalization of Equinix is $25.6bn. Alongside Nicole Rives, Susan Barnard and John Steiner, Ponda also advised new client Manulife Financial Corporation on its joint ventures with several offshore investors, as well as its IPO. Monti and Rives represented Senior Housing Properties Trust in a sale-leaseback transaction with Five Star Quality Care. Benjamin Armour and Eric Lemont were promoted to partner in January 2016.

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