REITs | USA

Skadden has a highly regarded REITs group with wide-ranging experience of forming uniquely structured companies as well as enormous capital raisings and M&A. One of the chief names in tax-free spin-out REIT conversions. Advises REITs of every kind, including special purpose, hybrid and mortgage REITs. Commands a strong international corporate real estate practice.

Morrison Foerster is a strong REITs practice that regularly handles high-value M&A, joint ventures and other transactions covering both publicly traded and public non-listed REITs. Receives regular capital markets mandates, including debt and equity offerings. The firm is frequently called upon to act for lodging, real estate and gaming businesses in relation to projects such as mortgage REITs. Represents funds trading in a comprehensive array of asset classes, including retail, residential, industrial, student housing, healthcare and agriculture properties.

Baker McKenzie is well versed in advising clients on a plethora of complex REIT matters for both private and public REITs. The law firm is routinely called upon to advise on M&A, joint ventures and other structural matters. Baker McKenzie draws strength from its global presence to advise on transactions with cross-border elements. It has additional experience advising boards of directors on offerings of equity and debt securities, alongside notable expertise with Delaware statutory trusts. The law firm draws from a deep tax team to provide expertise in a range of REIT and partnership structures.

Fried Frank is a renowned team, handling IPOs and other capital markets transactions on behalf of REITs and underwriters. The law firm is frequently sought out for its highly focused REIT tax team, with expertise in structuring trusts on a day-to-day basis and in the context of transactions. The team regularly encounters M&A, joint ventures and spinouts in this capacity.

Greenberg Traurig advises clients on the full range of corporate, tax, real estate and securities matters that impact traded and non-traded REITs. The law firm provides incisive guidance on federal and state regulatory issues pertaining to non-traded REITs. Greenberg Traurig benefits from widespread national and international resources to counsel clients on portfolio acquisitions across numerous jurisdictions. The team oversees public and follow-on offerings, exit strategies, M&A and corporate governance contentions.

King & Spalding displays skill in advising public and private REITs, US and foreign investors, and fund sponsors on transactions, with a particular affinity for the structuring of open and closed-end funds as private REITs. The law firm benefits from strong ancillary knowledge of tax, restructuring, real estate and private equity. King & Spalding's work typically includes a variety of transactions, from fund formation and public offerings to mergers and acquisitions and the purchase of both individual assets and property portfolios.

Morris, Manning & Martin has a strong presence in the REITs industry for M&A and publicly registered offerings. The law firm has expertise in non-traded REITs and SEC regulation and operates across a comprehensive spectrum of real estate classes, ranging from student housing and condominiums to medical and mixed-use projects. Morris, Manning & Martin has a diverse client base including a wide range of market-leading real estate funds and sponsor entities responsible for multiple REITs.

Paul Hastings has a well-regarded REIT team with the capacity to advise a broad client base which includes underwriters and REIT managers. Particularly adept at advising on equity and debt securities offerings, drawing on a deep well of capital markets expertise within the firm. Regularly handles substantial transactions as well as corporate governance issues.

Sullivan & Worcester is a Boston-centric team handling a wide spectrum of REIT transactions, including formations, equity and debt offerings and joint ventures. The law firm combines tax structuring expertise with significant experience of advising on complex M&A, often with cross-border elements.

Kirkland & Ellis leverages global relationships with household-name investment managers to advise on cross-border REIT matters. The law firm is particularly highly regarded for high-value whole or partial sales of REIT complexes. The team at Kirkland & Ellis demonstrates the ability to advise boards of directors on corporate governance issues such as shareholder activism defense.

Mayer Brown's team continuously demonstrates its ability to handle a broad array of complex issues, including high-profile formations, joint ventures, securities offerings and M&A deals. The law firm has further strength in advising clients on regulatory issues in the space. The practitioners are also adept at providing counsel on cross-border issues.

Proskauer Rose draws upon extensive experience in handling non-traded REITs to assist investors, underwriters and issuers alike in their high-profile transactions and innovative REIT structures. Clients benefit from the firm's complementary strength in tax, compensation and private equity. The law firm is frequently called upon to represent sponsors and their programs, cross-border and domestic investor REITs, issuers, underwriters and financial advisers, across sectors such as healthcare, data centers and retail.

Sullivan & Cromwell houses a team of versatile corporate, real estate and tax professionals attuned to the unique commercial needs of REITs. The law firm represents many market participants, including real estate operating companies, investors and financial advisers. Sullivan & Cromwell brings to bear international resources to advise on fund formation and administration both domestically and around the world. The team's typical work includes REIT formation, structuring and tax, private and public offerings, and multijurisdictional transactions.

Troutman Pepper Locke LLP has a wide-ranging REIT practice that includes M&A, recapitalizations, and public and private offerings. The law firm's clients include leisure and hospitality REITs and property developers, alongside other REIT organizations. On 1 January 2025, Troutman Pepper and Locke Lord merged to form Troutman Pepper Locke LLP.

Weil, Gotshal & Manges boasts a distinguished practice in the REITs space. The team is routinely called upon by issuers and underwriters to provide counsel on IPOs and secondary offerings. The practitioners at Weil demonstrate considerable strength in handling high-profile M&A deals.