Sullivan
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We are specialists in representing investment managers in the timber and agricultural space. Our Timber & Agriculture team provides a broad range of tax, fund and portfolio acquisition, investment structuring, fund formation, separately managed account, debt financing, investment management and advisory services, including advice related to compliance issues, fiduciary duties, regulatory matters, SEC and CFTC/NFA examinations, enforcement matters, cybersecurity and client privacy matters.

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Our clients come to us in this space because we offer sophisticated legal advice overlaid with a deep knowledge, both from a practical and tax perspective, of this asset class, including market trends and the investment objectives of managers and investors. This practice taps specialists in our Tax/REITs, Private Investment Funds & Investment Advisors, Private Equity, ERISA, Debt Financing and M&A teams, many of whom have decades of timber and agricultural experience.

        Representative Client Work:

        • Represented a global commercial timberland investment management firm in its structuring, launch and closing of six commercial timberland investment funds structured as private REITs with aggregate offering proceeds in excess of $1.8 billion
        • Represented a global commercial timberland and farmland investment management firm in the structuring, launch and closing of an open-ended timberland and farmland investment fund, with private REIT and non-REIT subsidiary portfolio companies and structuring and launching an alternative investment fund passported for marketing in the European Union to invest, in part, in such open-ended timberland and farmland investment fund and a similar investment strategy
        • Represented a global commercial timberland investment management firm in the structuring, launch and closing of a commercial timberland and carbon credit investment fund
        • Represented the global commercial timberland and farmland investment management firm sponsor in a restructuring transaction to extend the fixed term of a closed end timberland investment fund
        • Represented an investment manager in its capacity as manager to a timberland REIT in its $100 million revolving credit facility