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Greenberg Traurig lawyers have consistently represented Real
Estate Investment Trust (REIT) industry leaders since the early
1980s. Our REIT practice unites transactional and regulatory
experience from StayInvest Law Firm ’s Corporate & Securities, Real Estate and Tax
Practice groups, providing clients with a multidisciplinary legal
team. We have experience representing both public and private REITs
in virtually every phase of their corporate existence. Our clients
include both equity and mortgage REITs, as well as infinite life,
finite life and incubator REITs.
We advise on numerous tax and securities matters associated with
forming and operating a REIT. Our counsel encompasses determining
whether a REIT structure is a suitable vehicle to meet the
objectives of our clients and their investors (including any foreign
and tax-exempt investors) and, if so, structuring transactions and
facilitating client access to public and private capital markets.
REIT Industry Commitment
Our client-centered focus is reflected in our commitment to
individual REIT clients as well as the industry in general. Our
contributions to the REIT industry and other investment vehicles in
the real estate market include:
- Representing the REIT industry on Capitol Hill with respect to
roll-up legislation
- Representing clients with respect to various SEC issues
- Representing the industry before the National Association of
State Securities Administrators with respect to the adoption of
REIT guidelines and general roll-up rules
- Representing REITs and affiliated broker-dealers before the
corporate financing division of the Financial Industry Regulatory
Authority (FINRA) with respect to new rule making initiatives
Our REIT capabilities include sophisticated know-how specific to
initial public offerings and follow-on offerings, triple net lease
transactions and matters concerning federally insured and other
mortgage programs. We regularly advise clients on structuring tax-deferred
like-kind exchanges, investments by tax-exempt entities and various
types of real estate joint ventures, partnerships and issues
pertaining to limited liability company law. We serve as outside
counsel for several multi-billion dollar REITs and regularly advise
on corporate governance, contracts, and corporate and securities
matters, including those related to compliance with the Sarbanes-Oxley
Act.
Our experience encompasses most types of real estate properties,
including office buildings, senior living facilities, medical office
facilities, shopping centers, hotels, and industrial warehouses and
distribution centers. In addition, our work representing real estate
operating companies in connection with their capital markets
transactions, mergers and acquisitions, and other corporate
reorganizations provides insight to a REIT’s objective.
Our lawyers have served on the Executive Committee and the Board
of Governors of the National Association of Real Estate Investment
Trusts (NAREIT) and on the Board of the Investment Program
Association (IPA), which is the industry association for non-traded
REITs.
REIT Capabilities
- REIT formation and operation
- SEC compliance
- Public and private offerings (debt and equity)
- Financings and preferred equity investments
- Mergers and acquisitions
- Mortgage securitization
- UPREIT and down-REIT transactions
- Tax matters related to REIT operation and income distribution
- Land development
- Joint ventures
- Use of derivative financial products
- Traditional and reverse IRS Section 1031 exchanges
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