DLA Piper LLP (US)

DLA Piper LLP (US) is known for its expertise in public non-traded REITs and also possesses a strong publicly listed REITs practice. Clients of the firm also benefit from the dedicated national REIT tax practice led by New York-based Shiukay Hung. Hung advises real estate sponsors and investors on REIT tax matters and frequently speaks at events on REIT tax. Over in Raleigh, Robert Bergdolt leads the REIT practice of the firm and is the go-to for non-trade public REIT expertise and M&A-related REIT transactions. Real estate specialist Kerry Johnson is an expert in capital market matters involving publicly listed REITs and is based in Chicago, while in San Diego Darryl Steinhause is well-versed in securities and tax transactions. Christopher Stambaugh sits in Raleigh and specializes in NAV REITs. The Baltimore office of the firm enables it to advise on specific Maryland law-related REIT issues.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Christopher Stambaugh and his associate Jeremy Dilley have been exceptionally helpful. They are extremely knowledgeable about the industry and super responsive. Incredibly impressive and critical part of our broader REIT team’
‘The specific DLA team that we work with also represents our biggest competitors in the industry. Having the team's perspective, without giving away any client-confidential details, has been instrumental in our work with DLA.’
‘Christopher Stambaugh and Jeremy Dilley have been very accessible and have worked tirelessly to help us meet our deadlines through our filing process.’
‘The REIT tax team led by Shiukay Hung is one of the top REIT-focused tax practices in the country. Shiukay is uniquely able to meld his private sector experience with his deep knowledge of the highly technical REIT rules and industry practices to advise clients on thorny tax issues and judiciously guide clients with respect to best practices. He delivers practical client-focused advice on an extremely wide range of REIT-related matters from highly specific services to issues specific to REITs operating within real estate fund structures.'
'DLA's REIT practice is outstanding for the following reasons: they are always at the forefront of industry changes and trends; they are also closely coordinated across their securities, distribution, governance and tax practices which allows for seamless support to our internal team; they are incredibly responsive and are true partners in thinking through creative solutions to problems and contemplate all facets of the problem to develop a wholistic solution.'
'Christopher Stambaugh is our quarterback and helps keep us coordinated on all our REIT related securities and corporate governance. Shiukay was extremely helpful in helping us navigate some complicated international tax issues.'
'A well-rounded firm with a depth of expertise on a wide range of tax matters.'
'Shiukay Hung is a great pleasure to work with. Very proactive, accountable, and a true expert in the REIT space, especially non-traded REITs. Very collaborative.'

Key clients

Blackstone Real Estate Income Trust, Inc.
Goldman Sachs Real Estate Income Trust, Inc.
W. P. Carey, Inc.
STAG Industrial, Inc.
STORE Capital Corporation
Getty Realty Corp.
Inland Real Estate Corporation
Ares Real Estate Income Trust Inc.
EQT Exeter/EQT Exeter Real Estate Income Trust, Inc.
Sculptor Real Estate Income Trust
Highwoods Properties, Inc.
Equity Residential
Pacific Oak Strategic Opportunity REIT, Inc.
Strategic Realty Trust, Inc.
KBS Companies [KBS Realty Advisors]

Work highlights

Advising Ares Real Estate Income Trust Inc. as securities counsel on ongoing public offering and related public company reporting matters, corporate counsel on ongoing governance matters, and REIT tax counsel on ongoing REIT tax matters.
Advising Blackstone Real Estate Income Trust, Inc, as co-securities counsel on an ongoing public offering and related public company reporting matters.
Represented Highwoods Properties, Inc. in its $300 million “at-the-market” public offering of common stock.