Polsinelli’s Real Estate practice has deep experience representing real estate investment trusts (REITs) in complex transactions across all asset classes and markets nationwide. Our team advises REITs and their sponsors, investors and joint venture partners on the full spectrum of real estate transactions, financings and regulatory considerations. We combine sophisticated structuring knowledge with practical market insight to help clients achieve their business and investment objectives.

REIT Capabilities and Experience

• Acquisitions and Dispositions: Guiding clients through the acquisition and disposition of office, retail, industrial, multifamily, student housing, senior housing, life science, medical office, hospitality, data center, warehouse, cold storage and mixed-use assets nationwide, including representing both buyers and sellers in acquisitions and dispositions structured as a sales of REIT shares.
• Joint Ventures and Recapitalizations: Representing clients in structuring joint ventures for new developments, acquisitions and recapitalizations of individual assets and portfolios.
• Sale/Leaseback Transactions: Advising on sophisticated sale/leaseback transactions totaling hundreds of millions of dollars, covering portfolios of office, retail, educational, medical office, senior housing and industrial properties in multiple states. Our team handles all aspects of these sale/leaseback deals, from land use diligence to negotiation of purchase and sale agreements and closings.
• REIT Formation and Compliance: Advising clients in the formation of new privately held REITs, private offerings of securities including preferred stock, preferred equity investments made by publicly-traded REITs, UPREIT transactions for both contributors and the operating partnership, REIT tax guidance and compliance matters.
• Portfolio and Single-Asset Financings (Borrower-Side): Leading publicly traded and privately held REITs in secured and unsecured portfolio and asset-based financings, including revolving credit facilities, term loans and mezzanine debt. Our team advises REITs on structuring, negotiating and completing complex borrowing transactions across capital stacks and asset classes.
• Mortgage REIT and Lending Platform Transactions: Representing publicly traded and non-traded mortgage REITs and other REIT-sponsored lending vehicles in originating, acquiring and restructuring commercial real estate loans, including senior mortgage, mezzanine, preferred equity and structured finance investments. Our experience includes whole loans, loan participations, warehouse and repurchase facilities, and portfolio-level lending programs across multiple asset classes.
• Industry and Asset Class Experience: Advising clients focused on specialized asset classes such as senior housing, student housing, gaming and entertainment properties, cold storage, self-storage, data centers, life science properties and medical facilities.

By leveraging our breadth of transactional experience and deep understanding of REIT structures, Polsinelli provides practical, business-focused legal counsel that helps REITs grow, manage risk and maximize value.