Mergers and Acquisitions

• STORE Capital (NYSE: STOR) in its $14 billion pending cash merger with affiliates of GIC and Oak Street Real Estate Capital, a division of Blue Owl Capital Inc. (NYSE: OWL).
• Resource REIT, Inc. in its $3.7 billion cash merger with Blackstone Real Estate Income Trust, Inc.
• Conflicts Committee of the Board of Directors of Cottonwood Communities, Inc. in its $90 million stock merger with Cottonwood Multifamily Opportunity Fund, Inc.
• AXA Investment Managers in its $1.2 billion acquisition of NorthStar Realty Europe Corp. (NYSE: NRE).
• LaSalle Hotel Properties (NYSE: LHO) in its $5.2 billion cash/stock merger with Pebblebrook Hotel Trust (NYSE: PEB).
• Hatteras Financial Corp. (NYSE: HTS) in its $1.5 billion cash/stock merger with Annaly Capital Management, Inc. (NYSE: NLY).

Capital Markets

• Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Wells Fargo, LLC, and BofA Securities, Inc., as the joint book-running managers in the $288 million IPO of FrontView REIT, Inc. (NYSE: FVR).
• Highwoods Properties, Inc. (NYSE: HIW) in public offerings of equity and debt securities with an aggregate value of more than $4.3 billion.
• STAG Industrial, Inc. (NYSE: STAG) in its roll-up IPO and follow-on public offerings of common and preferred equity securities with an aggregate value of more than $5 billion (including forward sale transactions).
• STORE Capital (NYSE: STOR) in its $377 million private placement of common stock to an affiliate of Berkshire Hathaway and numerous follow-on public offerings of equity and debt securities with an aggregate value of approximately $5.5 billion.
• SmartRent, Inc. (NYSE: SMRT) in its $2.2 billion IPO via a de-SPAC reverse merger with Fifth Wall Acquisition Corp. I (Nasdaq: FWAA).
• Equity Residential (NYSE: EQR) in its $500 million public offering of debt securities (issued as “green” bonds) and “at-the-market” common equity offering of up to 13,000,000 shares (including a forward sale component).
• Getty Realty Corp. (NYSE: GTY) in its $115 million public offering of common stock (on a forward basis) and $350 million “at-the-market” common stock offering.
• Ashford Hospitality Trust Inc. (NYSE: AHT) in its public offering of up to $700 million shares of non-traded preferred stock.
• Braemar Hotels & Resorts Inc. (NYSE: BHR) in its public offering of up to $700 million shares of non-traded preferred stock.
• LaSalle Hotel Properties (NYSE: LHO) in public offerings of common and preferred equity securities with an aggregate value of more than $2 billion.
• Hatteras Financial Corp. (NYSE: HTS) in its Rule 144A private offerings, IPO, and follow-on public offerings of common and preferred equity securities with an aggregate value of more than $2.5 billion.
• Various underwriters in public offerings of common and preferred equity securities by Ashford Hospitality Trust, Inc. (NYSE: AHT) with an aggregate value of more than $2.3 billion.
• Various underwriters in the IPO and follow-on public offerings of common and preferred equity securities by Braemar Hotels & Resorts, Inc. (NYSE: BHR) with an aggregate value of more than $350 million.
• Various underwriters in the IPO, 144A convertible debt offering, and numerous public and private offerings of equity and debt securities by Innovative Industrial Properties, Inc. (NYSE: IIPR) with an aggregate value of more than $2.5 billion.
• Various sales agents in the $200 million "at-the-market" common stock offering by LTC Properties, Inc. (NYSE: LTC).
• Various underwriters in public and private offerings of equity and debt securities by Equity One, Inc. (NYSE: EQY) with an aggregate value of more than $1.5 billion (including secondary offerings by selling stockholders).

Matters may have been handled prior to joining Paul Hastings.

• Panelist, “SEC Legal Updates,” Nareit REITwise: 2024 Law, Accounting & Finance Conference, March 2024
• Panelist, “Investor Perspectives: REITs and Capital Markets,” Nareit REITworld: 2023 Annual Conference, November 2023

• Member: National Association of Real Estate Investment Trusts (Nareit)