Sullivan
Microsoft has discontinued support for Internet Explorer. To access the Sullivan website, please install a modern browser like Microsoft Edge or Google Chrome.

Biography

  • Advised a foreign institutional investor on tax, REIT and corporate matters in an $856 million acquisition of more than 100,000 acres of timberlands, as well as structuring for the related mill operations.
  • Represented target REIT in the $40 billion sale of its equity to a partnership, and advised on REIT implications of the related restructuring and maintaining REIT status through the close of the transaction.
  • Regularly provides REIT and Tax counsel to public REITs in various securities offerings, including approximately $20 billion of note offerings involving US, CAD, Euro, and Swiss Franc denominations.
  • Represented a healthcare REIT and its subsidiaries as Tax and REIT counsel in securing nearly $500 million of secured financings across five lenders and involving over 40 separate properties.
  • Represented a private REIT in the acquisition of assets of a high net-worth group of individuals through use of an UP-REIT structure.
  • Represented a REIT in entering into a joint venture with a foreign investor to form a subsidiary REIT to acquire a cold storage facility.
  • Represented a REIT in entering into a joint venture to acquire a multifamily housing facility and a management agreement with the venture partner to manage the property.
  • Represented a TIMO in connection with the formation of a timberland REIT focused on monetizing or distributing in-kind to its investors carbon credits developed and sold in the U.S., New Zealand, and Australia, including structuring the distribution and monetization of the carbon credits.
  • Represented an office REIT listed on an Asian stock exchange in the tax liquidation of multiple subsidiary REITs after the disposition of all assets, valued at over $240 million in the aggregate, and the tax efficient return of capital to its foreign parent.
  • Represented a data center REIT as REIT and Tax counsel in its entering into a $15 billion joint venture with two sovereign wealth funds to develop a series of hyperscale data centers throughout the U.S.
  • Represented a data center REIT as REIT and Tax counsel in its entering into a $250 million joint venture to develop and operate a hyperscale data center in the U.S.
  • Represented a data center REIT as REIT and Tax counsel in its entering into a $600 million joint venture to develop and operate a hyperscale data center in the U.S.
  • Represented an office REIT as REIT and Tax counsel in connection with its private offer to exchange outstanding senior unsecured notes for new senior secured notes in a transaction valued at over $300 million.
  • Represented a fund with German and French investors in forming of U.S. timberland REIT with an initial investment of $500 million.
  • Represented a fund with Swiss investors in forming of U.S. agriculture REIT with an initial investment of $300 million.
  • Represented an office REIT in the tax-efficient pay down of cross-border, intercompany debt of over $250 million.
  • Represented a TIMO in connection with the formation of a timberland REIT, focused on combining returns from timber alongside carbon credits.

Matters

  • Advised a foreign institutional investor on tax, REIT and corporate matters in an $856 million acquisition of more than 100,000 acres of timberlands, as well as structuring for the related mill operations.
  • Represented target REIT in the $40 billion sale of its equity to a partnership, and advised on REIT implications of the related restructuring and maintaining REIT status through the close of the transaction.
  • Regularly provides REIT and Tax counsel to public REITs in various securities offerings, including approximately $20 billion of note offerings involving US, CAD, Euro, and Swiss Franc denominations.
  • Represented a healthcare REIT and its subsidiaries as Tax and REIT counsel in securing nearly $500 million of secured financings across five lenders and involving over 40 separate properties.
  • Represented a private REIT in the acquisition of assets of a high net-worth group of individuals through use of an UP-REIT structure.
  • Represented a REIT in entering into a joint venture with a foreign investor to form a subsidiary REIT to acquire a cold storage facility.
  • Represented a REIT in entering into a joint venture to acquire a multifamily housing facility and a management agreement with the venture partner to manage the property.
  • Represented a TIMO in connection with the formation of a timberland REIT focused on monetizing or distributing in-kind to its investors carbon credits developed and sold in the U.S., New Zealand, and Australia, including structuring the distribution and monetization of the carbon credits.
  • Represented an office REIT listed on an Asian stock exchange in the tax liquidation of multiple subsidiary REITs after the disposition of all assets, valued at over $240 million in the aggregate, and the tax efficient return of capital to its foreign parent.
  • Represented a data center REIT as REIT and Tax counsel in its entering into a $15 billion joint venture with two sovereign wealth funds to develop a series of hyperscale data centers throughout the U.S.
  • Represented a data center REIT as REIT and Tax counsel in its entering into a $250 million joint venture to develop and operate a hyperscale data center in the U.S.
  • Represented a data center REIT as REIT and Tax counsel in its entering into a $600 million joint venture to develop and operate a hyperscale data center in the U.S.
  • Represented an office REIT as REIT and Tax counsel in connection with its private offer to exchange outstanding senior unsecured notes for new senior secured notes in a transaction valued at over $300 million.
  • Represented a fund with German and French investors in forming of U.S. timberland REIT with an initial investment of $500 million.
  • Represented a fund with Swiss investors in forming of U.S. agriculture REIT with an initial investment of $300 million.
  • Represented an office REIT in the tax-efficient pay down of cross-border, intercompany debt of over $250 million.
  • Represented a TIMO in connection with the formation of a timberland REIT, focused on combining returns from timber alongside carbon credits.

Matters

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

Matters

Matters

  • Advised a foreign institutional investor on tax, REIT and corporate matters in an $856 million acquisition of more than 100,000 acres of timberlands, as well as structuring for the related mill operations.
  • Represented target REIT in the $40 billion sale of its equity to a partnership, and advised on REIT implications of the related restructuring and maintaining REIT status through the close of the transaction.
  • Regularly provides REIT and Tax counsel to public REITs in various securities offerings, including approximately $20 billion of note offerings involving US, CAD, Euro, and Swiss Franc denominations.
  • Represented a healthcare REIT and its subsidiaries as Tax and REIT counsel in securing nearly $500 million of secured financings across five lenders and involving over 40 separate properties.
  • Represented a private REIT in the acquisition of assets of a high net-worth group of individuals through use of an UP-REIT structure.
  • Represented a REIT in entering into a joint venture with a foreign investor to form a subsidiary REIT to acquire a cold storage facility.
  • Represented a REIT in entering into a joint venture to acquire a multifamily housing facility and a management agreement with the venture partner to manage the property.
  • Represented a TIMO in connection with the formation of a timberland REIT focused on monetizing or distributing in-kind to its investors carbon credits developed and sold in the U.S., New Zealand, and Australia, including structuring the distribution and monetization of the carbon credits.
  • Represented an office REIT listed on an Asian stock exchange in the tax liquidation of multiple subsidiary REITs after the disposition of all assets, valued at over $240 million in the aggregate, and the tax efficient return of capital to its foreign parent.
  • Represented a data center REIT as REIT and Tax counsel in its entering into a $15 billion joint venture with two sovereign wealth funds to develop a series of hyperscale data centers throughout the U.S.
  • Represented a data center REIT as REIT and Tax counsel in its entering into a $250 million joint venture to develop and operate a hyperscale data center in the U.S.
  • Represented a data center REIT as REIT and Tax counsel in its entering into a $600 million joint venture to develop and operate a hyperscale data center in the U.S.
  • Represented an office REIT as REIT and Tax counsel in connection with its private offer to exchange outstanding senior unsecured notes for new senior secured notes in a transaction valued at over $300 million.
  • Represented a fund with German and French investors in forming of U.S. timberland REIT with an initial investment of $500 million.
  • Represented a fund with Swiss investors in forming of U.S. agriculture REIT with an initial investment of $300 million.
  • Represented an office REIT in the tax-efficient pay down of cross-border, intercompany debt of over $250 million.
  • Represented a TIMO in connection with the formation of a timberland REIT, focused on combining returns from timber alongside carbon credits.