Sullivan
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Events

One of the Largest Global REITs and Its Subsidiary Form a New Joint Venture

Our marquee REIT and Tax teams advised American Tower Corporation (NYSE: AMT), one of the largest global REITs, and its subsidiary CoreSite in the formation of a new joint venture with Stonepeak, a leading alternative investment firm specializing in infrastructure and real property assets, to develop, build and operate an 18-megawatt data center in Denver, Colorado. CoreSite provides IT infrastructure that empowers enterprises and cloud, network and IT service providers to monetize and future-proof their digital businesses. The total estimated development costs for the 18-megawatt data center are expected to be more than $250 million.

Sullivan’s team was led by Ameek Ashok Ponda, director of the Tax Department, with Sullivan Tax partners Joel Carpenter and Sarah Wellings, and associate Connie Lee, contributing to the successful deal.

Ameek Ashok Ponda, Joel R. Carpenter, Sarah D. Wellings and Connie Lee

REIT Acquires Life Science Complex in Boston Seaport District

Sullivan represented Diversified Healthcare Trust (Nasdaq: DHC) in connection with the sale of a 10% equity interest in a two building life science complex located at 11 Fan Pier and 50 Northern Avenue in Boston, MA. DHC sold the interest to an existing joint venture partner for a purchase price of approximately $108 million. The purchase price for the 10% equity interest is based on a property valuation of $1.7 billion, less the $620 million of existing secured debt on the property. Sullivan provided counsel with respect to the initial JV formation and has continued to provide representation to the JV since 2017.

Avinash R. Rao and John M. Steiner

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Past Events

REIT Update and Case Study of the Construction of a Data Center in a Private REIT
When: June 5, 2026
Location: Texas Federal Tax Institute 2026 Conference
People: Cameron N. Cosby
Law Firm Insider Guide: Navigating Underutilization and Thriving During a Slow Spell
When: April 9, 2026
Location: Zoom Webinar
People: Ameek Ashok Ponda
Operational Tax Issues for REITs
When: March 25, 2026
Location: Hollywood, FL
People: Sarah D. Wellings
Mastering REITs: Key Tax, Securities and Other Considerations
When: September 24, 2024
Location: mylawCLE Webinar
People: Howard E. Berkenblit, Connie Lee and Sarah D. Wellings
Navigating Uncertainty – Economic and Political Futures in a Post-Election America
When: September 24, 2024
Location: Sullivan & Worcester
People: Ameek Ashok Ponda and Lewis N. Segall
Real Estate Investment Trusts (REITs) and Commercial Foreclosures: Formation, Compliance and Taxation of REITs, and Commercial Foreclosure Litigation
When: July 25, 2024 at 11:00 AM - 1:10 PM
Location: mylawCLE Webinar
People: Sarah D. Wellings and Connie Lee
Government Relations Update
When: March 19, 2024
Location: Nareit's REITwise 2024
People: Ameek Ashok Ponda
Nareit’s REITwise - 2023 Law, Accounting & Finance Conference
When: March 21, 2023
Location: JW Marriott Phoenix Desert Ridge Resort & Spa
People: Ameek Ashok Ponda and Angela Gomes
Disclosures & Regulatory Compliance
When: March 2, 2022
Location: Webinar - National Investor Relations Institute (NIRI)
People: Howard E. Berkenblit
Disclosures & Regulatory Compliance
When: September 15, 2021
Location: Webinar - National Investor Relations Institute (NIRI)
People: Howard E. Berkenblit
REIT Tax Conundrums
When: March 25, 2021
Location: Nareit REITwise 2021 Law, Accounting & Finance Virtual Conference
People: Ameek Ashok Ponda

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