We represent sponsors and underwriters of REITs in structuring, financing and operating private and public REITs. We have particular expertise advising funds in formation in the emerging area of REO-to-Rental and are assisting with the formation of public and private REITs as ownership platforms in this area. Most recently, we advised Silver Bay Realty Trust Corp. in its initial public offering (“IPO”), making it the first publicly traded REIT focused on the single-family rental market.
We have helped clients consolidate existing partnerships and properties into REITs, including compliance with federal and state securities laws regarding rollups and structuring relationships with subsidiaries and related entities. We represent sponsors and underwriters of real estate syndications and master limited partnership (MLP) securities and advise investors in such entities in proposed rollups or asset-purchase transactions affecting such investors. We also have deep experience representing the lenders to REITs and other entities participating in the financing of REITs.
Deep Resources
Our REITs Group collaborates across offices and practice groups, enabling us to provide seamless advice on significant REIT transactions from an integrated team of lawyers.
Leading Finance Practice
Our deep resources in real estate, private finance, public finance and structured finance, as well as our relationships with investment banks and other advisors, provide us with a unique ability to advise clients on sophisticated real estate finance transactions.
Recognized RMBS Practice
An important complement to Orrick's REIT practice that adds unique value to our clients in connection with REIT securitization proposals is the firm’s substantial capacity in mortgage finance activities, especially the securitization of residential mortgage loans. We have acted as counsel to issuers, underwriters, credit enhancers and trustees in hundreds of public offerings and private placements of mortgage assets, and we consistently rank among the top issuer’s and underwriter’s counsel in the market.
Private and Public REITs
Securities Law
Compliance
Consolidation
Mergers & Acquisitions
Tax Issues
Deep Resources
Our REITs Group collaborates across offices and practice groups, enabling us to provide seamless advice on significant REIT transactions from an integrated team of lawyers.
Leading Finance Practice
Our deep resources in real estate, private finance, public finance and structured finance, as well as our relationships with investment banks and other advisors, provide us with a unique ability to advise clients on sophisticated real estate finance transactions.
Recognized RMBS Practice
An important complement to Orrick's REIT practice that adds unique value to our clients in connection with REIT securitization proposals is the firm’s substantial capacity in mortgage finance activities, especially the securitization of residential mortgage loans. We have acted as counsel to issuers, underwriters, credit enhancers and trustees in hundreds of public offerings and private placements of mortgage assets, and we consistently rank among the top issuer’s and underwriter’s counsel in the market.
Private and Public REITs
Securities Law
Compliance
Consolidation
Mergers & Acquisitions
Tax Issues