Real estate investment trusts (REITs) in United States

Goodwin

Goodwin maintains an active REITS practice and is considered the ‘go-to’ for many public and private REITS and investment banks in top-end transactional mandates. Jointly managed by Gil Menna and Ettore Santucci , who also co-chair the firm’s real estate M&A practice, the group handles equity and debt offerings, IPO’s and joint venture investments. Key contacts include Scott Chase who is active in securities matters, and transactional lawyer Mark Opper who advises private real estate investment funds. In a representative matter, the team represented a syndicate of three multinational investment banks as lead underwriters in an IPO of Philips Edison & Company. Another key name is counsel Christopher Versfelt who is recommended for SEC compliance and corporate governance matters. In New York, Yoel Kranz has over two decades of experience advising corporate clients in M&A, as well as REITS. Lawyers are in Boston unless otherwise stated.

Practice head(s):

Gil Menna; Ettore Santucci

Other key lawyers:

Mark Schonberger; Scott Chase; Mark Opper; Christopher Versfelt; Yoel Kranz

Testimonials

‘Strong REIT practice, creative and hardworking, thought leader in application of Regulation A.’

‘Mark Schonberger gets things done. Always ready to discuss options and strategies towards getting to a strong solution.’

‘We have enjoyed a long term and successful relationship which has performed well in a rapidly changing environment. Expertise in our specialty is very highly regarded.’

‘Gil Menna has been our “go to” advisor in a broad range of corporate matters. Always generous with his time and thoughtful advice.’

Obviously a market player, Goodwin is up there with the top firms

Key clients

AvalonBay Communities

Boston Properties, Inc.

Gaming & Leisure Properties Inc.

The Macerich Company

Mid-America Apartment Communities Inc.

Medical Properties Trust

Paramount Group, Inc.

Retail Properties of America

Two Harbors Investment Corp.

VEREIT

Work highlights

  • Advised Cottonwood Residential II, Inc. (“CRII”) in the completion of its sale to Cottonwood Communities, Inc. (“CCI”) in an all-stock transaction.
  • Representing The Macerich Company in connection with the filing of a prospectus supplement and the negotiation and execution of an equity distribution agreement with Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC providing for the sale of up to $500m of The Macerich Company’s common stock in “at-the-market” transactions from time to time.
  • Representing Slate Asset Management in buying the commercial real estate business of Annaly Capital management, Inc., a publicly traded REIT.

Hogan Lovells US LLP

Hogan Lovells US LLP has a strong record in the REITs area and is singled out for its expertise in high-end transactional mandates for several leading real estate clients. The team fields a deep bench of experts across New York and Washington DC, well-versed in handling large, cross-border matters, including capital markets offerings, and is led by David W. Bonser . Highlights include advising on a $7.5bn REIT merger between Kite and Retail Property of America. The team has considerable experience in high-value IPO’s and REIT-specific taxation work — Prentiss Feagles is the key name here with Cristina Arumi leading the national REITs tax practice. Paul Manca advises multinational clients on corporate and securities matters, with strength in the real estate sector, as does Mike McTiernan. Other key contacts include Stacey McEvoy and Andrew Zahn who handle M&A and complex capital markets transactions, respectively. The group also works closely with its offices in Denver and Baltimore. All named lawyers are based in Washington DC.

Practice head(s):

David W. Bonser

Other key lawyers:

Cristina Arumi; Andrew Zahn; Stacey McEvoy; Abigail Smith; Prentiss Feagles; Mike McTiernan

Testimonials

‘Very deep industry knowledge and expertise. Not many firms have the capabilities that Hogan possesses in this area.’

‘David Bonser heads up the group. He is very good, thoughtful and a pleasure to work with.’

‘Very deep team, with expertise across the full partnership and the associate ranks. Very strong and wide areas of expertise. Extremely personable, easy to work with, creative, and very commercial / impactful.’

‘Abigail Smith – Great to work with, great energy, extremely attentive and strategic. Mike McTiernan – very knowledgeable and a true expert on all SEC related matters. David Bonser – fantastic team leader and statesman.’

Key clients

American Homes 4 Rent

Brixmor Property Group, Inc.

DigitalBridge Group, Inc. (formerly known as Colony Capital)

Griffin Realty Trust (formerly known as Griffin Capital Essential Asset REIT, Inc.)

JBG Smith Properties

Park Hotels & Resorts

Public Storage

QTS Realty Trust (acquired by Blackstone in August 2021)

RLJ Lodging Trust

VICI Properties

Welltower Inc.

Work highlights

  • Advised VICI Properties, Inc. on its $17.2 bn strategic acquisition of MGM Growth Properties LLC, a transaction which will create America’s largest owner of experiential real estate.
  • Advised Griffin Realty Trust on its acquisition of Cole Office & Industrial REIT, Inc. (CCIT II) for approximately $1.2bn in a stock-for-stock transaction.
  • Advised FBRT, a publicly-traded (NYSE: FBRT) commercial mortgage REIT, on its merger with Capstead Mortgage Corporation.

Latham & Watkins LLP

Highlighted as ‘second to none’, Latham & Watkins LLP has a long-standing record operating in the space and is noted for its deep expertise in complex financing transactions across real estate law, ranging from structuring REITs to securities offerings. Jointly led from Los Angeles by Julian Kleindorfer who advises on equity and debt offerings, and REIT tax specialist Ana O’Brien , the group has extensive event experience across capital markets and large-scale M&A. Lewis Kneib holds several leading investment banks as key clients and focuses on securities, whilst William Cernius  in California is the name for corporate transactions. Other contacts include Los Angeles based Brent Epstein who advises REITs on public offerings.

Practice head(s):

Julian Kleindorfer; Ana O’Brien

Other key lawyers:

Brent Epstein; William Cernius

Testimonials

‘Latham’s REIT team is second to none in terms of expertise and capabilities. Their knowledge and experience span the entire spectrum of specialties, including tax, securities, corporate governance and M&A. Latham is a recognized thought leader in the REIT space and brings unparalleled knowledge and experience to every engagement.’

‘Each Latham partner brings substantive expertise, deep experience and practical business acumen to every engagement. The ability to function as one integrated team to drive client outcomes differentiates Latham from it competitors.

‘In particular, Ana O’Brien brings a level of tax knowledge and experience that sets her apart in the REIT space. Likewise, Julian Kleindorfer is a recognized leader in the REIT space who’s knowledge and dedication to client service is unrivaled. Ann Buckingham brings deep experience and creativity to bear on client issues.

Key clients

AGRO Merchants Group

Ares Management LLC

Bank of America

Brookfield Asset Management

Digital Realty Trust, Inc.

Essex Property Trust, Inc.

Hudson Pacific Properties

Indus Realty Trust, Inc.

InvenTrust Properties Corp.

Kimco Realty Corporation

Phillips Edison & Company, Inc.

Realty Income Corporation

Work highlights

  • Represented AGRO Merchants Group, a cold storage operator with locations in South America, Europe, US and Australia, in its sale to Americold Realty Trust.
  • Represented Ares Management in the acquisition by Pretium and a group of its investors and funds managed by the Real Estate Equityand Alternative Credit strategies of Ares Management Corporation of Front Yard ResidentialCorporation, a provider of single-family housing.
  • Represented Bank of America as the underwriter in MGM Growth Properties’ offering of 21,850,000 Class A common shares listedon the NYSE.

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP has an extensive REIT offering across both public and private, equity and mortgage forms, and is noted for its record acting in first-of-a-kind transactions inducting REIT conversions. The group also handles UPREIT and DownREIT acquisition structures. New York based David Goldschmidt who heads the global capital markets practice, co-leads the group alongside key contacts Gregg Noel in Palo Alto, David Polster in Chicago and New York’s Harvey Uris who handles real-estate related capital markets. Tax specialist Nick Gianou in Chicago is active in advising clients on obtaining private letter rulings from the IRS on REIT matters.

Practice head(s):

David Goldschmidt; Gregg Noel; David Polster; Harvey Uris

Other key lawyers:

Nick Gianou

Clifford Chance

At Clifford Chance, the multidisciplinary practice group has strength across capital markets transactions, private equity and M&A, and advises clients on US and international REITS work. The New York based team is able to leverage its global footprint to handle cross-border work with a representative matter in the European healthcare real estate space. Practice head Kathleen Werner , alongside senior partners Andrew Epstein  and Jay Bernstein remain the key practitioners, and are active in equity REITS, securities offerings, and IPO’s. Jason Myers is ‘very knowledgeable’ according to peers, and advises issuers, underwriters, and sponsors in the real estate sector. Other core members of the group include Michael Seaton, securities partner Jake Farquharson, and counsel Jason Parsont.

Practice head(s):

Kathleen Werner

Other key lawyers:

Andrew Epstein; Jay Bernstein; Jason Myers; Michael Seaton; Jake Farquharson; Jason Parsont

Testimonials

Clifford is well respected across the street. The team has a strong resume and deal experience in the mREIT sector, including on IPOs that require more work and guidance.

I have enjoyed working with Andy. We spent approximately 3 years working together on an IPO transaction, and I have developed a strong relationship with him. Andy has excellent transaction experience and is able to draw upon those experiences to provide thoughtful guidance. I think he does a nice job of anticipating potential issues and helping to manage a process around those items. Andy is a good communicator and responsive to requests. Andy appreciates the dynamics of having various constituents (client, company counsel, internal bank counsel, etc.) as part of a process and is constructive in managing discussions.’

Jason Myers is also very knowledgeable and I value his advice. Jason shares many of the same positive traits as Andy – anticipating issues, communication, managing constituents, etc. Jason took the lead and did a nice job on an important work stream with the SEC that was atypical given evolving SEC rules.’

Key clients

National Storage Affiliates

Safehold Inc.

Retail Opportunity Investments Corp

ReNew REIT LLC

Apollo Commercial Real Estate Finance, Inc.

Watermark Lodging Trust, Inc.

Hannon Armstrong Sustainable Infrastructure Capital, Inc

iStar Inc.

Ready Capital Corporation

Yes! Communities

Work highlights

  • Advised ReNew REIT on its joint venture with a new investor, a US real estate investment company, and other existing institutional investors to form a new REIT that will invest in the senior housing space in the US.
  • Advised the underwriters, led by Wells Fargo Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and UBS Securities LLC, on wholesale mortgage lender Angel Oak Mortgage, Inc.’s (Angel Oak) IPO and NYSE listing, raising gross proceeds of approximately $136.8m.
  • Advised DigitalBridge Group, Inc. on its agreement to sell a substantial portion of its Other Equity and Debt (OED) portfolio of real estate assets to global investment manager Fortress Investment Group LLC for $535m.

DLA Piper LLP (US)

DLA Piper LLP (US) focuses on public and privately traded REITS from formation, to roll-up transactions, to IPOs. The team is headed from Raleigh by Robert Bergdolt who is active in securities regulations and non-traded REITS, and in a representative matter, led on the $160m merger between Cottonwood Communities and Cottonwood Multifamily REIT. Key partner Darryl Steinhause in San Diego has over three decades of experience handling tax transactions and securities offerings. Other key contacts include co-chair of the real estate group Kerry Johnson in Chicago, New York’s Shiukay Hung who is highly praised by clients and new partner Ken Muller who joined the global investment funds practice in the West Coast in early 2022 from Kirkland & Ellis LLP.

Practice head(s):

Robert Bergdolt

Other key lawyers:

Shiukay Hung; Darryl Steinhause; Kerry Johnson; Ken Muller

Testimonials

‘Great reputable firm with deep roots in many different jurisdiction.’

‘Shiukay has years of experience and great insights in dealing with REITs. He is a deep thinker that was always willing to help solve difficult questions, and constantly producing publication to help clients and peers navigate complex REIT rules. I have in many occasion inquired Shiukay on various issues I have encountered in transactions involving REITs and have always be very grateful for Shiukay’s advice.’

‘The couple of tax counsel in DLAP I’ve worked excel in their ability to explain difficult and intertwined tax concepts and issues to the relatively less tax-savvy clients like myself. They are at all times meticulous in their analysis and documentation, yet never losing focus on the business issues. Always responsive and helpful.’

‘I have had the pleasure to work with Gerald Rockoff and Shiukay Hung. Both counsel are top-notch in their tax knowledge, razor-sharp in their thinking, and are able to explain tax issues to you in such a way that makes you feel you’re smarter than you actually are. They also try to be creative in their proposed solutions, while never losing sight of the business requirements. Absolute pleasure to work with both.’

‘The DLA REIT practice in NY is anchored by Shiukay Hung who one of the premier REIT tax practitioners in the country. He is practicable, easy to work with and given his extensive REIT knowledge finds solutions to problems before they even arise.’

‘DLA has a number of lawyers who are well known among tax practitioners advising real estate sponsors and investors that rely on the REIT structure for ownership and operation of real estate in the United States. These individuals have extensive knowledge about technical tax rules as well as unique tax considerations and also guide clients through areas of unknown.’

‘I enjoy working with Shiukay Hung who is experienced and practical.’

Key clients

Blackstone Real Estate Income Trust

W.P. Carey, Inc.

Equity Residential

Highwoods Properties, Inc.

STAG Industrial, Inc.

UBS Securities LLC

STORE Capital Corporation

Cottonwood Communities

KBS Real Estate Investment Trust II, Inc. and KBS Real Estate Investment Trust III, Inc.

Dividend Capital Diversified Property Fund, Inc.

Resource REIT, Inc.

Pacific Oak Strategic Opportunity REIT, Inc.

BTIG, LLC

Griffin-American Healthcare REIT III, Inc.

Getty Realty Corp

Work highlights

  • Represented Griffin-American Healthcare REIT III, Inc. in connection with its internalization with American Healthcare REIT, Inc. and concurrent merger into Griffin-American Healthcare REIT IV, Inc.
  • Represented Equity Residential (NYSE: EQR), a publicly traded real estate investment trust that invests in apartments, as issuer in its second ever green bond offering with the issuance of $500m at its lowest ever coupon rate for 10-year unsecured notes of 1.85% and an all-in effective yield of 2.0%.
  • Represented Resource Real Estate Opportunity REIT II and Resource Apartment REIT III, Inc. in its $3bn stock merger and internalization with Resource Real Estate Opportunity REIT.

Greenberg Traurig, LLP

Primarily based in New York, the team at Greenberg Traurig, LLP handles public and private traded REITS and can leverage the firm’s capabilities across tax to handle REIT-specific tax transactions. The team also advises on the regulatory framework of REITs. The group is jointly led by Robert Ivanhoe who focuses on real estate structures and Joseph Herz, and has a large securities offering to top clients. Jennifer Weiss has strength in REIT taxation matters, with deep experience in this area. Other key names in the group include Timothy Donovan, who acts for real estate funds and Corey E. Light  in Chicago.

Practice head(s):

Robert Ivanhoe; Joseph Herz

Other key lawyers:

Corey E. Light; Jennifer Weiss; Timothy Donovan

Work highlights

  • Represented initial purchasers in connection with a $1.9bn private follow-on offering of shares of common stock and operating partnership units by IQHQ, Inc.
  • Represented the corporate and securities counsel in connection with a $1.25bn continuous follow-on public offering of common shares.
  • Represented the placement agent in connection with a $61m private offering of shares of 6.50% Series A Cumulative Redeemable Preferred Stock by VineBrook Homes Trust.

Kirkland & Ellis LLP

Highlighted for its ‘unparalleled experience’, Kirkland & Ellis LLP brings together a multidisciplinary team with demonstrable strength in capital markets transactions and real-estate related tax matters. The department also advises on corporate governance, particularly on takeovers and disclosure issues to directors, and is able to leverage its global footprint to handle cross-border matter with its office in London. New York’s Michael Brueck and Sarkis Jebejian are key contacts alongside Bruce Gelman in Chicago who focuses on structuring REITS, and is singled out by clients for his ‘unique blend of tax, structuring, and corporate law knowledge.Mike Beinus in New York is also recommended for debt and equity offerings.

Practice head(s):

Michael BrueckSarkis Jebejian

Other key lawyers:

Bruce Gelman; Mike Beinus

Testimonials

‘The breadth, experience, and skills of Kirkland’s REIT practice is unparalleled in my experience. Kirkland can address the corporate, tax, and securities law aspects of any public or private REIT question within a few hours. The team is always available and willing to assist on any matter.’

‘Bruce Gelman is an exceptional partner and client leader. Bruce blends his unique blend of tax, structuring, and corporate law knowledge to provide practical and insightful advice for any REIT structuring issue that we encounter.’

Key clients

Taubman Centers

GLP Pte. Ltd.

Ventas

TPG RE Finance Trust, Inc.

Cerberus Capital Management

Starwood Property Trust

Ladder Capital

Equity Lifestyle Properties

StorageMart

Hudson Pacific Properties

Work highlights

  • Advised Starwood Capital Group on the definitive agreement for funds managed by Starwood Capital to acquire Extended Stay America (NYSE: STAY) and its paired-share REIT, ESH Hospitality, Inc., in a 50/50 joint venture with funds managed by Blackstone Real Estate Partners.
  • Advised an affiliate of Starwood Capital Group in its pending $4.2bn public takeover offer for CA Immobilien Anlagen AG, an Austrian real estate company focused on leasing, managing and developing high-quality office buildings.
  • Advised StorageMart, the largest privately-owned self-storage company in the world, on its acquisition of Manhattan Mini Storage, a leading self-storage and moving company based in New York City.

Proskauer Rose LLP

Proskauer Rose LLP is active in non-traded REITs and has expertise in representing multiple sponsors across the property sector, including office, retail, healthcare and self-storage facilities. The team also has significant experience in transactions, particularly IPOs and equity and debt financing, which is handled by practice co-head Steven Lichtenfeld in New York. Co-head of the group Michael Choate in Chicago focuses on corporate finance matters and advises major M&A work and public and private offerings. The team also works closely with its New York based capital markets team to handle high-value mandates.

Key clients

Morgan Stanley

Global Net Lease, Inc.

Hospitality Investors Trust, Inc.

Leisure Acquisition Corporation

Fortress Credit Co LLC

MG3 Developer Group LLC

American Finance Trust

Healthcare Trust Inc.

New York City REIT, Inc.

Inland Real Estate Income Trust

Pacific Oak Residential Trust II

Blackstone

Work highlights

  • Advised Global Net Lease on a $500m offering of senior notes and a $200m ATM offering of Series B preferred stock.
  • Advised Hospitality Investors Trust, Inc., a public, SEC-registered real estate investment trust owning 100 hotels nationwide, in a series of restructuring transactions negotiated with its largest investor, funds managed by Brookfield Asset Management Inc., culminating in a prepackaged chapter 11 bankruptcy proceeding.
  • Advised American Finance Trust, Inc. on multiple offerings, including included $600 million in “at the market” offerings and an underwritten take down of their initial Series C Preferred Stock with gross proceeds of $88.4m, and a $500m senior unsecured note offering due 2028.

Simpson Thacher & Bartlett LLP

The group at Simpson Thacher & Bartlett LLP is noted for its expertise in landmark transactional mandates, with strength in depth in M&A and capital markets. The team is renowned for its work with key client Blackstone and has considerable experience representing them in multi-billion-dollar acquisitions and joint ventures, including its $3.1bn acquisition of Canadian real estate investment trust WPT. Based out of New York, practice head Brian Stadler is recommended for M&A and co-leads the group with key partners Gregory Ressa and Edgar LewandowskiNancy Mehlman co-heads the firm’s national tax practice and focuses on real-estate transactions. Also recommended is Benjamin Rippeon in Washington DC who joined from Gibson, Dunn & Crutcher LLP and advises on the formation of private REITs.

Practice head(s):

Gregory Ressa; Brian Stadler; Edgar Lewandowski

Other key lawyers:

Benjamin Rippeon; Nancy Mehlman

Key clients

Blackstone

Invitation Homes

J.P. Morgan Securities LLC

Blackstone Real Estate Income Trust

CorePoint Lodging

Blackstone Mortgage Trust

Citigroup Global Markets

KKR Real Estate Finance Trust

BioMed Realty

Crown Acquisitions

Goldman, Sachs & Co.

Centerbridge Partners

Black Creek Group

DigitalBridge Group

Work highlights

  • Represented Blackstone Real Estate Partners VIII L.P. and co-investors in the sale of BioMed Realty for $14.6bn to a group led by existing BioMed investors.
  • Represented Blackstone in connection with the acquisition of QTS Realty Trust by Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc. and other long-term perpetual capital vehicles managed by Blackstone in an all-cash transaction valued at approximately $10 billion.
  • Represented Blackstone Real Estate Income Trust, Inc.  in its acquisition of Home Partners of America, valuing the company at $6bn.

Sullivan & Worcester LLP

Sullivan & Worcester LLP‘s Boston-based team has a large transactional offering for its public and private REIT clients, including equity and debt offerings, financings and joint ventures. The team has strength advising across the infrastructure, agriculture and property sectors and can leverage its firm-wide capabilities across tax and corporate to give the full-service, particularly to clients converting to REIT status. Angela Gomes jointly manages the group alongside Brian Hammell , who focus on corporate finance and securities offerings, respectively. The tax department is led by Ameek Ashok Ponda, who is recommended for structuring REIT transactions and cross-border financings, and John Steiner  is a key real estate contact.

Practice head(s):

Angela Gomes; Brian Hammell

Other key lawyers:

Louis A. Monti; Ameek Ashok Ponda; John Steiner

Testimonials

‘Strong subject matter knowledge, both laws/regulations and real world practice prompt response proactive approach in providing advices value added attitude high professional standard and excellent work ethics reasonable time and charges.’

Key clients

American Tower Corporation

Equinix, Inc.

Iron Mountain Incorporated

Industrial Logistics Properties Trust

Service Properties Trust

Office Properties Income Trust

Manulife US REIT

Diversified Healthcare Trust

Tremont Mortgage Trust

Manhattan Bridge Capital, Inc.

Bombe, Ltd.

Work highlights

  • Represented Tremont Mortgage Trust (TRMT) continuously from its formation and IPO in 2017 through its merger with Seven Hills Realty Trust.
  • Representing American Tower Corporation (AMT) as special REIT counsel in its acquisition of CoreSite Realty Corporation for about $10.1bn, including the assumption and/or repayment of CoreSite’s existing debt at closing.
  • Represented Industrial LogisticsProperties Trust (ILPT) as special REIT counsel in its pending acquisition of Monmouth Real Estate Investment Corporation in an all-cash transaction, valued at approximately $4bn, including committed MNR acquisitions, transaction costs and the assumption of $409m of debt.

Venable LLP

Venable LLP is noted for its expertise in Maryland law and advises an assortment of publicly traded REITs on a spectrum of corporate matters including high-value transactional work and debt offerings. The Baltimore-based team has a track record operating in this space for over two decades and is led by James Hanks  and Sharon Kroupa . Co-chair of the corporate practice Patricia McGowan is praised by peers and focuses on REITs-related Maryland corporation law, whilst Christopher W Pate advises non-traded registered REITs on transactions. Other key contacts in the team include Brian Field  and Carmen Fonda , who is highlighted by peers.

Practice head(s):

James Hanks; Sharon Kroupa

Other key lawyers:

Brian Field; Carmen Fonda; Patricia McGowen; Christopher W Pate

Testimonials

‘James is the king of REITs work, very good.’

Key clients

Rexford Industrial Realty, Inc.

Alexandria Real Estate Equities, Inc.

Essential Properties Realty Trust

Prologis, Inc.

CIM Real Estate Finance Trust, Inc.

Digital Realty Trust, Inc.

Kimco Realty Corporation

SmartStop Self Storage REIT, Inc.

CyrusOne, Inc.

Extra Space Storage, Inc.

Work highlights

  • Represented the REIT in connection with its acquisition of a publicly traded mortgage.
  • Advised VEREIT, Inc. (“VEREIT”) in connection with its merger with and into a wholly owned subsidiary of Realty Income Corporation.
  • Advised a group of affiliated entities in their proposed acquisition of a publicly traded data center REIT, including corporate law arising out of the transaction, with a particular focus on the merger agreement and the treatment of preferred stock in the merger.

Weil, Gotshal & Manges LLP

Based in New York, Weil, Gotshal & Manges LLP fields a team of experts across banking, capital markets and restructuring, and handles public and private REITS offerings, IPO’s and M&A. The practice is now jointly managed by Philip Rosen  and Evan Levy who is ‘incredibly knowledgeable’, according to clients, and maintains an active real estate private equity practice. Former practice head Michael Bond  remains a core member of the group and advises on commercial lending transactions. The group leverages its wider firm capabilities across tax to handle large real-estate related transactions, including UPREIT and DownREIT acquisitions — David Levy, who joined from Skadden, Arps, Slate, Meagher & Flom LLP in March 2021, is the main contact here. Elsewhere, the group strengthened its senior headcount with Jannelle Seales, who was elevated to the partnership in January 2022.

Practice head(s):

Evan Levy; Philip Rosen

Other key lawyers:

Michael Bond; David Levy; Jannelle Seales

Testimonials

‘Evan Levy is an all-star incredibly knowledgeable and efficient.’

Key clients

Amherst Holdings, LLC

Ashford Hospitality Trust, Inc.

Blackstone

Brookfield Asset Management Inc.

CBL & Associates Properties, Inc.

Colony Capital

Front Yard Residential Corporation

Hersha Hospitality Management

Iron Mountain Incorporated

Island Capital Group

JZ Capital Partners

King Street Capital

Lexington Hotel JV LLC

MGM Resorts International

Monarch Alternative Capital

Ontario Teachers’ Pension Plan

Oxford Properties Group

Work highlights

  • Advising MGM Resorts International (MGM Resorts) in the pending acquisition of MGM Growth Properties LLC (MGP), a leading publicly traded REIT, by VICI Properties Inc., in a transaction with a total enterprise value of approximately $17.2bn that will include the redemption of a majority of MGM Resorts’ units in MGP’s operating partnership for approximately $4.4bn in cash.
  • Advised CBL & Associates Properties, Inc. in extremely complex chapter 11 cases with over $4bn in debt, including certain non-debtor subsidiaries that are directly at issue in the cases.
  • Advised Front Yard Residential Corporation (FYR), a REIT that acquires, owns and manages single-family rental properties throughout the United States, in its $2.5bn take-private by a partnership formed by Pretium Partners and Ares Management.

Baker McKenzie LLP

Baker McKenzie LLP’s practice is based in Chicago and handles real estate capital markets transactions, with strength in Delaware Statutory Trusts structures. Led by tax specialist Daniel Cullen, the group advises on UpREITand DownREIT structures, joint ventures and securities, and remains a regular advisor for key client Griffin Capital. Key members of the group include Addison Braendel, who advises on private equity fund formation and Christopher Bartoli, who focuses on securities matters.

Practice head(s):

Daniel Cullen

Other key lawyers:

Christopher Bartoli; Addison Braendel

Key clients

American Ventures Partners

Benefit Street Partners LLC

Capview Partners

Equinix, Inc.

Four Springs Capital Trust (“FSCT”)

JLL Income Property Trust

LaSalle Investment Management

NexPoint Real Estate Advisors (“NREA”)

Physicians Realty Trust

Sotherly Hotels

Stoltz Realty Co.

The Arden Group

Uniti Group Inc.

WS Asset Management Inc.

American Ventures Partners

Benefit Street Partners LLC

Capview Partners

Equinix, Inc.

Four Springs Capital Trust (“FSCT”)

JLL Income Property Trust

LaSalle Investment Management

NexPoint Real Estate Advisors (“NREA”)

Physicians Realty Trust

Sotherly Hotels

Stoltz Realty Co.

The Arden Group

Uniti Group Inc.

WS Asset Management Inc.

Work highlights

  • Advised Resource/C-III Capital Partner’s REIT management team on internalizing REIT management and then merging three non-traded REITs to create USD 3 billion public, self-managed REIT.
  • Advising funds associated with a high-profile businessman as it joins StorageMart as partner in the business.
  • Advised Stolz Real Estate on 3 REITs in the past 12 months.

Ballard Spahr LLP

At Ballard Spahr LLP, the team is predominantly led out of Maryland by experienced practitioners Douglas Fox and Charles Moran, who represent public and private REITs on complex corporate mandates, including acquisitions, equity and debt offerings and financing transactions. The team also handles high-value IPOs. Co-heads Craig Ganz, who splits his time between Los Angeles and Arizona, and real estate partner Wendi Kotzen in Philadelphia are also key members of the group, focusing on finance and federal level taxation matters, respectively. Counsel J. Thomas Bashore advises on business formation and corporation law.

Other key lawyers:

J. Thomas Bashore

Key clients

Healthpeak Properties, Inc. (formerly known as HCP, Inc.)

Kilroy Realty Corporation

SL Green Realty Corp.

LTC Properties, Inc.

Mack-Cali Realty Corp

Spirit Realty Capital, Inc.

Agree Realty Corporation

Black Creek Industrial REIT IV, Inc.

Four Corners Property Trust, Inc.

RPT Realty

City Office REIT, Inc.

Broadstone Net Lease, Inc.

Equity Commonwealth

Work highlights

  • Advised Healthpeak Properties on corporate matters and provided legal opinions in connection with a underwritten public offering of $450m aggregate principal amount of Healthpeak’s green bonds.
  • Represented City Office REIT, Inc., a Maryland corporation, in connection with its formation and organization and its $80m initial public offering.
  • Advised Agree Realty Corporation on corporate law matters including an underwritten public offering of $350m aggregate principal amount of debt securities of Agree Limited Partnership.

Fried, Frank, Harris, Shriver & Jacobson LLP

Fielding an experienced team with ‘top-notch lawyers’, Fried, Frank, Harris, Shriver & Jacobson LLP has strength in depth in public M&A and capital markets transactions, particularly representing issuers and underwriters in high-value IPOs. The group holds several global investment banks and real estate companies as key clients. In Washington DC, practice head Stuart Barr has a robust background in corporate governance matters and securities laws and works closely with tax partner Cameron Cosby, who has extensive experience in REIT tax structuring and transactions. Other key players include New York based co-chair of the M&A group Philip Richter and Libin Zhang.

Practice head(s):

Stuart Barr

Other key lawyers:

Cameron Cosby; Libin Zhang; Philip Richter

Testimonials

‘Industry leaders in real estate. Knowledgeable on so many different levels and across capital markets and M&A. Very strong organization staffed with top notch lawyers.’

‘The team is extremely hard working and tireless. Always available for calls and questions. Also, they provide sound advice and judgement and can be real sounding boards with questions or issues. They work hard to protect their clients.’

Key clients

Equity Commonwealth

Broadstone Net Lease

Douglas Emmett

Extended Stay

Corporate Office Properties Trust

American Homes 4 Rent

Seritage Growth Properties

Citigroup Global Markets Inc.

Wells Fargo Securities, LLC

Bank of Montreal

Morgan Stanley

BofA Securities, Inc.

J.P. Morgan Securities LLC

Goldman Sachs

Barclays

Work highlights

  • Advised Broadstone Net Lease in its $629m initial public offering and listing on the New York Stock Exchange.
  • Advised Broadstone Real Estate, LLC in the internalization of the external management functions of Broadstone Net Lease, Inc.
  • Advised American Homes 4 Rent in multiple matters, including with its at-the- market (ATM) program, which aims to sell $500m of Class A common shares from time to time.

Hunton Andrews Kurth LLP

Hunton Andrews Kurth LLP capital markets-based practice is based out of Richmond and is led by George Howell and David Wright . The team represents issuers and underwriters on high-value transactions and is skilled in public and private securities offerings, SEC compliance matters and IPO’s — James Davidson is the contact here. In Washington DC, Robert K. Smith  handles capital markets work, particularly 144A offerings and private placements. Federal income tax issues related to equity and mortgage REITs are dealt with by Kendal Sibley who is highly praised by clients.

Practice head(s):

George Howell; David Wright

Other key lawyers:

James Davidson; Robert K. Smith; Kendal Sibley

Testimonials

‘The team at Hunton is dedicated with deep industry and legal knowledge. Their capabilities include the ability to synthesize projects and provide holistic advice. Hunton is an industry leader in the mortgage REIT sector. They provide excellent value for the cost.’

‘Robert Smith offers practical advice that is designed to address the issues at hand without creating structural impediments for the future.

‘George Howell and Kendal Sibley are excellent tax lawyers who are the best in class REIT tax lawyers in country.’

‘The Hunton Andrews Kurth LLP team is responsive to our requests. I receive prompt responses to my inquiries and clear expectations on the timing of deliverables. Hunton Andrews Kurth LLP has deep REIT and SEC knowledge while also having a breadth of services to to be able to handle our compensation and benefits needs and other services’

‘James Davidson serves our lead partner and is very good at coordinating the service provided to oour organization. James provides valuable counsel on SEC matters and on other REIT and governance issues

‘Kendal Sibley serves as our tax counsel and has an outstanding understanding of a braod range of REiT taxation issues. Kendal is well known within the REIT industry.

‘Both James and Kendal make an outstanding client service team.’

Key clients

Annaly Capital Management, Inc.

Pebblebrook Hotel Trust

MFA Financial, Inc.

Summit Hotel Properties, Inc.

Hersha Hospitality Trust

Chimera Investment Corporation

City Office REIT, Inc.

AG Mortgage Investment Trust, Inc.

Chatham Lodging Trust

Postal Realty Trust, Inc.

NewLake Capital Partners, Inc.

Raymond James & Associates, Inc.

Arlington Asset Investment Corp.

Work highlights

  • Represented the underwriters in connection with a $650,000,000 public follow-on offering of senior notes by Agree Limited Partnership, the operating partnership of Agree Realty Corporation (NYSE: ADC).
  • Represented Pebblebrook Hotel Trust in connection with its $500,000,000 public follow-on offering of convertible notes.
  • Represented the underwriters in connection with a $400,000,000 public follow-on offering of senior notes by Rexford Industrial Realty, Inc.

King & Spalding LLP

At King & Spalding LLPSpencer Johnson leads the practice from Atlanta alongside Tony Rothermel in New York, and has experience representing both private and public REITs in complex transactions. The group brings together a multidisciplinary team across real estate, finance and corporate law to offer a full service, with specialty in cross-border work for inbound foreign investors. Atlanta's Kathryn Furman focuses on fund formation and heads the investment funds practice at the firm, and is a go-to for capital raisings for real estate clients. In New York, Jonathan Talansky provides tax expertise, and is active in federal income taxation matters.

Practice head(s):

Spencer Johnson; Tony Rothermel

Other key lawyers:

Jonathan Talansky; Mark Thigpen; Kathryn Furman

Testimonials

‘The team works very well together. They communicate well with each other, such that each member knows what other members are doing at all times. Hand-offs are good, and they are good about not loading too many people into a particular part of the project unnecessarily. I found that the relationship partner knew just the right person in the firm to go to for a specialized problem, which is essential to good teamwork. Interaction between corporate, tax, real estate and benefits areas was exceptional.’

‘Tony Rothermel – very practical and communicative. Has a very good business mind and understands the difficult decisions that a CEO must make and provides very wise, practical counsel to augment the CEO’s decision-making process. Tony also knows everyone in the firm and is always very quick to recommend the very best specialists. He is very trusting of his colleagues, and that leads to streamlined decision-making, but he is also there to be an advocate with his colleagues if needed. Tony is a top-tier counselor for REITs.

‘Spencer Johnson – exceptional knowledge of the securities laws. Spencer is a great asset on disclosure related issues. Spencer also was a great team leader on our M&A transaction. He had good negotiating skills, was professional but firm with opposing counsel and achieved great results for us.

Mark Thigpen – incredible real estate and real estate finance knowledge. Great demeanor with clients. Also very practical and very much a deal doer.’

Key clients

Americold Realty Trust

Prologis

Columbia Property Trust

Cousins Properties

Jamestown

Raymond James Real Estate Investment Banking

Asana Partners

Transwestern Investment Group

Douglas Emmett, Inc.

Clarion Partners

CyrusOne

Edens Investment Trust

Greystar Real Estate Partners

Iron Mountain Incorporated

Piedmont Office Realty Trust

Whitestone REIT

Jernigan Capital

Barclays Bank PLC

Cortland Partners, LLC

Terrawatt

VineBrook Homes

Ventas, Inc. (NYSE: VTR)

Work highlights

  • Advised Iron Mountain Incorporated, the storage and information management services company, in the the formation of a 300 million+ Euro joint venture with an affiliate of AGC Equity Partners, a London-based global alternative asset manager to design and develop a 280,000 square foot, or 27 megawatt, hyperscale data center currently under development in Frankfurt, Germany.
  • Advised Americold in financing transactions and the signing of an acquisition that will expand their platform in existing markets like the US and Brazil and initiate Americold’s entrance into European markets.
  • Advised Jernigan Capital, Inc. in closing its previously-announced merger with an affiliate of NexPoint Advisors, L.P., in an all-cash transaction valued at approximately $900m.

Mayer Brown

At Mayer Brown, the practice is led by Anna Pinedo in New York, and offers vast experience in structuring real estate transactions. The team works closely with its tax and capital markets practice groups to handle the full spectrum of matters including public and private offerings, upREIT structures and mortgage-backed securitizations. Also in New York, Brian Hirshberg focuses on private REITS work. In Chicago, key contact there include seasoned practitioner Jon Van Gorp and Susannah Schmid who handles private and public asset-backed securities offerings. On the West Coast, Remmelt Reigersman is also recommended. There have been several additions to the New York team, including David Freed who joined from Vinson & Elkins LLP in January 2021, fellow January 2021 arrival and REIT tax specialist Greg Matlock from EY, and Jonathan Pacheco in the Washington DC office who joined from Simpson Thacher & Bartlett LLP in November 2021.

Practice head(s):

Anna Pinedo

Other key lawyers:

Brian Hirshberg; Jon Van Gorp; Susannah Schmid; Remmelt Reigersman; David Freed; Greg Matlock; Jonathan Pacheco

Testimonials

‘Mayer Brown’s REIT practice and expertise/experience is broad across many disciplines (34 act, capital markets, tax, investment company, etc). Very much a one stop shop for a REIT, which is very much a specialized structure.’

Responsiveness, proactiveness, subject matter expertise, commercial in approach to matters, builds strong connections/relationship with key Company contacts. David Freed (34 act) and Remmelt Reigersman (tax) particular stand-out partners.’

Key clients

Redwood Trust Inc.

Prologis, Inc.

Gaea Real Estate Corp.

Global Net Lease, Inc.

Great Ajax Corp.

ARMOUR Residential REIT, Inc.

New York Mortgage Trust, Inc.

Sutherland Asset Management Corporation and its affiliates

Ready Capital Corporation

Centerspace (formerly Investor Real Estate Trust)

American Finance Trust

Dynex Capital, Inc.

Cherry Hill Mortgage Investment Corp.

Lument Finance Trust

Work highlights

  • Represented Lone Star Funds in connection with the $1.675bn sale of its portfolio company, Caliber Home Loans, Inc. (“Caliber”), to New Residential Investment Corp.
  • Representing Prologis Inc on debt, equity and liability management transactions.
  • Advising Global Net Lease, Inc. on its equity and debt offerings and advise the agents on GNL’s various common and preferred ATM Offerings.

Morris, Manning & Martin, LLP

Morris, Manning & Martin, LLP is skilled in real estate capital markets transactions and has strong experience operating in the REITs space. Overseen by Lauren Prevost, the group handles private and public equity offerings, UPREIT transactions and restructuring matters across several asset classes including healthcare, hotels, and student housing. Seth Weiner is the name for corporate finance matters and has expertise in federal securities law compliance, whilst Aresh Homayoun in Washington, DC handles federal taxation issues for REITs. Associate Mark Stern is also a core member of the team. Lawyers are in Atlanta unless otherwise stated.

Practice head(s):

Lauren Prevost

Other key lawyers:

Mark Stern; Seth Weiner; Aresh Homayoun

Key clients

Resource Real Estate Opportunity REIT, Inc.

CIM Real Estate Finance Trust, Inc.

Griffin-American Healthcare IV, Inc.

Cole Office & Industrial REIT (CCIT II), Inc

CIM Income NAV, Inc.

Modiv Inc.

MogulREIT I, LLC

MogulREIT II, Inc.

Healthcare Government Realty Trust, Inc.

Work highlights

  • Represented the special committee of the Resource Real Estate Opportunity REIT, Inc. board of directors as part of a merger of three companies and the acquisition of the affiliated management company, as well as federal income tax matters related thereto.
  • Represented Griffin-American Healthcare REIT IV, Inc. in connection with the merger of two related REITs and the acquisition of the affiliated management company, as well as federal income tax matters related thereto.
  • Acted for Cole Office & Industrial REIT (CCIT II), Inc. in its merger into Griffin Capital Essential Asset REIT, Inc. in a $1.2bn thestock-for-stock transaction.

Morrison Foerster

Morrison Foerster is strong on capital markets transactions advising both issuers and underwriters on landmark mandates. The team works across a spectrum of asset classes ranging from healthcare to housing. Fielding a deep bench, including seasoned practitioner Larry Medvinsky, with expertise in equity and debt offering, the team is jointly managed by Washington DC- based duo Justin Salon  and highly rated David Slotkin . Also in DC, Alice Connaughton is also rated by clients and represents public and private companies in a variety of corporate work. Jay Blaivas is recommended for fund formations, with expertise in private equity work. Other key contacts include Mary Katherine Rawls and Heath Linsky in Atlanta. Lawyers are in New York unless otherwise stated.

Practice head(s):

Justin Salon; David Slotkin

Other key lawyers:

Larry Medvinsky; Alice Connaughton; Jay Blaivas; Mary Katherine Rawls; Heath Linsky

Testimonials

‘REITs represent a unique public company structure and the Morrison Foerster REIT team has built an expertise that is specially tailored to specific issues REITs must deal with, including tax & capital markets but also takes into account issues that affect all public companies such as SEC compliance.’

‘David Slotkin is a leader in the field and recognized as an expert. He is very talented advising REITs on M&A, capital markets, SEC compliance, public disclosures and other topics. He is deeply rooted in the sector and understands the market completely. While he is an expert on legal regulations and requirements, he is also business savvy and a practical problem-solver, which make his combined talents very rare.’

‘MoFo is the rare law firm in the REIT space that has lawyers with extensive expertise in both publicly traded and publicly registered non-traded REITs. They have strategically assembled prominent REIT attorneys from multiple firms and the group, led by David Slotkin and Justin Salon, functions seemlessly and efficiently. They are clearly thought leaders and have published extensively on REIT-related topics, including a terrific publication on executive compensation trends in the REIT sector (in conjunction with FTI).’

‘David Slotkin is a thoughtful, strategic and really smart advocate for his clients. His excels in M&A transactions and in advising Boards and Board Committees. He is fearless and will not be bullied or coerced – he is of the highest ethical caliber. Justin Salon is terrific at structuring creative solutions for clients and is always a delight to work with. Heath Linsky is a master at achieving desired results for clients; he is a trusted advisor, present in the Board room and with management and he often acts as a liaison between the two. He is a very effective advocate and very innovative.’

‘Ali Connaughton is one the strongest technical REIT lawyers I work with – she knows the nuances of the SEC disclosure regimen and guides clients artfully through the process. Mary Katherine Rawls is a tireless and detailed securities and transactions lawyer – she is an asset to any deal that she works on and everyone looks to her to keep the process running smoothly.’

 

Key clients

Alexandria Real Estate Equities, Inc. (NYSE: ARE)

American Healthcare Investors, LLC

Armada Hoffler Properties, Inc. (NYSE: AHH)

Aventine Property Group

Robert W. Baird & Co

Barclays

Black Creek Industrial REIT IV Inc.

BofA Securities, Inc.

Citigroup Global Markets, Inc.

Equity Lifestyle Properties (NYSE: ELS)

Equity Residential (NYSE: EQR)

Farmland Partners, Inc. (NYSE: FPI)

Freehold Properties, Inc.

Hines Global Income Trust, Inc.

Humphreys Capital

Piper Sandler

Plymouth Industrial REIT

Procaccianti Hotel REIT, Inc.

Steadfast Apartment REIT, Inc.

Treehouse Real Estate Investment Trust

UDR, Inc. (NYSE: UDR)

Whitestone REIT (NYSE: WSR)

Work highlights

  • Representing Aventine Property Group, Inc., one of the largest internally managed REITs serving the legal adult- and medical-use cannabis industry (the “Company”), in connection with its $100 million private offering of 8.00% senior unsecured convertible notes due 2026.
  • Representing American Healthcare Investors, LLC on its acquisition of its business by Griffin-American Healthcare REIT III, Inc, a healthcare-focused real estate investment trust, in consideration for approximately $135,000,000 in operating partnership units.
  • Representing Steadfast Apartment REIT, Inc in connection with the definitive merger agreement under which STAR will merge with and into Independence Realty Trust, Inc., (NYSE: IRT) (“IRT”), with IRT surviving as the continuing public company.

Paul Hastings LLP

Paul Hastings LLP practice was strengthened with the January 2021 arrival of capital markets partner Brandon Bortner from Latham & Watkins LLP, and is active in equity and debt securities work, led by Frank Lopez in New York and Teri O’Brien in San Diego. The team focuses on both private and public REITS and has a proven track record acting as underwriters counsel. Yariv Katz  in New York is experienced in REITs M&A and joint ventures. The group’s cross-border expertise is highlighted in its Latin America practice, particularly Mexico, spearheaded by Michael Fitzgerald  and Arturo Carrillo  in New York who specialize in FIBRA transactions. Elsewhere, Jonathan Ko in Los Angeles acts as underwriter for leading banks.

Practice head(s):

Frank Lopez; Teri O’Brien

Other key lawyers:

Yariv Katz; Brandon Bortner; Michael Fitzgerald; Arturo Carrillo; Jonathan Ko

Testimonials

Paul Hastings has always been a key player in the areas of innovation and diversity, not just within their own ranks but also towards their client base and legal solutions.’

Key clients

Barclays

BBVA

BMO Capital Markets Corp.

BofA Securities, Inc.

Citigroup

Credit Suisse

Eagle Hospitality REIT

Goldman, Sachs & Co.

HSBC

Itaú BBA

J.P. Morgan

Lexington Realty Trust

Morgan Stanley

PS Business Parks

Public Storage

RBC Capital Markets

Unibail-Rodamco-Westfield

Watermark Lodging Trust

Wells Fargo Securities

Work highlights

  • Represented the joint book-running managers for Sun Communities’ $1.28bn public offering of common stock in connection with the equity financing of the $2.1bn acquisition of Safe Harbor Marinas.
  • Represented Jefferies and Morgan Stanley as financial advisors to the REIT QTS Realty Trust in connection with its $10bn acquisition by Blackstone.
  • Representing Singaporean client Eagle Hospitality REIT in matters relating to the ownership, operation, management, restructuring and bankruptcy of the $1.2bn REIT, including Chapter 11 proceedings and the disposition of its hotel portfolio.

Vinson & Elkins LLP

At Vinson & Elkins LLP, the practice excels in large-scale capital markets transactions and structuring public and private REITs. The team has experience advising clients across a variety of asset types and leverages its capacities across finance, corporate and tax to handle cross-border matters. Daniel LeBey  leads the primary Virginia-based team with key contacts Greg Cope in Washington DC, who handles several marquee deals and multi-billion-dollar transactions, and corporate finance expert Chris Green. Counsel Zachary Swartz and Paige Anderson also comprise the core team. Christopher Mangin provides REIT tax specialism and advises on recapitalizations, fund formation and foreign investment issues.

Practice head(s):

Daniel LeBey

Other key lawyers:

Greg Cope; Chris Green; Zachary Swartz; Paige Anderson; Christopher Mangin

Key clients

Alpine Income Property Trust, Inc.

BofA Securities, Inc./Merrill Lynch & Co., Inc.

CTO Realty Growth, Inc.

Ellington Financial Inc. / Ellington Residential Mortgage REIT

Flagship Healthcare Properties, LLC

Global Medical REIT Inc.

Highwoods Properties, Inc.

Morgan Stanley & Co. LLC

iStar Inc.

New York Mortgage Trust Inc.

Orchid Island Capital, Inc.

Preferred Apartment Advisors, LLC / Preferred Apartment Communities, Inc.

Rayonier, Inc.

TPG Re Finance Trust, Inc.

Stifel, Nicolaus & Company, Incorporated

Wells Fargo Securities, LLC

WPT Industrial Real Estate Investment Trust

Work highlights

  • Advised CTO Realty Growth, Inc in its conversion to a real estate investment trust to achieve a more advantageous tax structure.
  • Advised a real estate developer and a REIT in the establishment of a joint venture called Mercury Trust with the Australian Superannuation Pension Fund.
  • Advised Global Medical REIT in its $18.1m acquisition of Inter-American Group Holdings Inc., the parent company of GMRE’s external manager, resulting in a management internalization.

Winston & Strawn LLP

Based in Texas, Winston & Strawn LLP’s REITs practice sits within the firm’s wider capital markets group and has strength in REIT formation, particularly equity and mortgage. The team is now jointly led by Charles Haag and Bryan Goolsby , and has experience handling IPOs and M&A for REIT clients and sponsors. Justin Reinus splits his time between Dallas and Los Angeles and advises clients on equity offerings and corporate governance matters. The team has strengthened its corporate and securities offering with the lateral hires of James Brown and Douglas Lionberger from Holland & Knight LLP in May 2021. Former co-chair Christina Roupas left the firm in May 2021.

Practice head(s):

Bryan Goolsby; Charlie Haag

Other key lawyers:

Justin Reinus; James Brown; Douglas Lionberger

Key clients

Cypress REIT, LLC

Federal Realty

NETSTREIT Corp.

NexPoint Advisors, L.P.

NexPoint Hospitality Trust, Inc.

Plymouth Industrial REIT Inc.

R&R REIT

Spirit Realty Capital

Ventas, Inc.

VineBrook Homes Trust, Inc.

NexPoint Residential Trust, Inc.

NexPoint Real Estate Finance, Inc.

Work highlights

  • Represented an affiliate of NexPoint Advisors, L.P. in the acquisition of Jernigan Capital, Inc.
  • Represented NexPoint Hospitality Trust in the announced acquisition of Condor Hospitality Trust, Inc.
  • Represented Plymouth, as the issuer, in a public offering of its equity securities, which was underwritten by a group of underwriters led by Barclays, KeyBanc Capital Markets, BMO Capital Markets and J.P. Morgan.