On-Demand   On-Demand Web Programs

Real Estate M&A and REIT Transactions 2018

Released on: Jan. 26, 2018
Running Time: 06:18:47

The REIT and commercial real estate industries have continued to experience strong M&A activity, as the REIT market continues to grow and consolidate.  REITs already own more than $1.8 trillion of U.S. real estate, and there are now 24 REITs with equity market capitalizations north of $10 billion.  The transactions fueling this growth, which are expected to continue, include REIT mergers and IPOs, spin-offs and restructurings, transactions to unlock corporate real estate, and occasional private equity buy-outs which are often followed by re-entry into the public markets.  Technological disruption, activists, and the influx of foreign capital have all played important roles in triggering and shaping the transactional landscape. Along with knowledge of both technical and practical matters, both flexibility and creativity are required to thrive in the ever-changing REIT world. This year’s program will take an in-depth look at these industry trends, along with key recent transactions, and will help you navigate the complex structures, legal frameworks and dynamics of the current environment.


Lecture Topics [Total time 06:18:47]
Segments with an asterisk (*) are available only with the purchase of the entire program.
  • Opening Remarks* [00:07:12]
    Gil Menna, Robin Panovka
  • Overview of the REIT Landscape [00:58:15]
    Robin Panovka, Ragavan Bala, Michael Bilerman, Matthew J. Lustig, Guy A. Metcalfe
  • REIT Governance, and Activism [00:59:25]
    Gage Johnson, Lauren Goldberg, Thomas Leanse, Paula C. Maggio, Sabastian Niles
  • REIT M&A and Strategic Transactions – Dissecting Cutting Edge Deal Strategies and Tactics [01:00:18]
    Adam O. Emmerich, James J. Hanks, Jr., Julian T. Kleindorfer, Ronald M. Sanders, Benjamin R. Weber
  • Disruptors in the Global Market as a Catalyst for REIT M&A and Restructurings: Fact or Fiction; Public-to-Private Deals and Other Transactions [01:14:15]
    Gil Menna, Stephen G. Hentschel, Andrew Jonas, Brian M. Stadler, Gregory S. Wright
  • SEC Developments Unique to the REIT Industry [00:59:25]
    Yoel Kranz, Sonia Gupta Barros, Kathleen Werner, J. Gerard Cummins
  • Evaluating the Current Tax Landscape for REITS and Dealing with the Issues [00:59:50]
    Ana Cristina Arumi, Ana G. O'Brien, Sarah E. Ralph, Jodi J. Schwartz, Karen F. Turk

The purchase price of this Web Program includes the following articles from the Course Handbook available online:


  • COMPLETE COURSE HANDBOOK
  • Introduction
    Robin Panovka
  • Structural Considerations in Consensual REIT M&A Transactions
    Robin Panovka
  • Selling a REIT
    Robin Panovka
  • 2017 U.S. Commercial Real Estate Outlook: The Impact of U.S. Tax Reform (April 2017)
    Stuart Barr
  • Update on Power to Amend Bylaws: More Companies Waiting and Seeing (March 27, 2017)
    James J. Hanks, Jr.
  • Maryland Legislature Approves Changes to Maryland General Corporation Law and Maryland REIT Law (May 25, 2017)
    James J. Hanks, Jr.
  • Proxy Statements under Maryland Law—2017 (January 30, 2017)
    James J. Hanks, Jr.
  • Corporate Governance Trends in the Public REIT Sector: An Evolving Landscape
    Gil Menna
  • Top Ten Practice Points by Experts: REIT IPOs
    Gil Menna
  • Waivers of Ownership Limitation Provisions in REIT Charters
    Yoel Kranz, Gil Menna, Edward L. Glazer
  • Tax Considerations in REIT Mergers and Acquisitions
    Robin Panovka
  • IRS Provides Guidance on Stock Distributions for Publicly Offered REITs and RICs (August 18, 2017)
    Ana G O'Brien
  • Treasury Department Issues Final Regulations on Real Property Definition for REIT Purposes (September 12, 2016)
    Ana G. O'Brien

Presentation Material


  • Supplemental Materials
    Robin Panovka
  • Supplemental Materials
    James J. Hanks, Jr.
  • Supplemental Materials
    James J. Hanks, Jr.
  • Supplemental Materials
    James J. Hanks, Jr.
  • Supplemental Materials
    Gil Menna
  • Evaluating the Current Tax Landscape for REITS and Dealing with the Issues
    Ana Cristina Arumi, Ana G. O'Brien, Sarah E. Ralph, Jodi J. Schwartz, Karen F. Turk
Co-Chair(s)
Gil Menna ~ Goodwin Procter LLP
Robin Panovka ~ Wachtell, Lipton, Rosen & Katz
Speaker(s)
Ragavan Bala ~ Barclays PLC
Sonia Gupta Barros ~ Assistant Director, U.S. Securities and Exchange Commission
Michael Bilerman ~ Managing Director , Head of Real Estate and Lodging, Citi Research, Citigroup, Inc.
J. Gerard Cummins ~ Partner, Sidley Austin LLP
Adam O. Emmerich ~ Wachtell, Lipton, Rosen & Katz
Lauren Goldberg ~ VEREIT, Inc
James J. Hanks, Jr. ~ Venable LLP
Stephen G. Hentschel ~ Head of M&A and Corporate Advisory, HFF Securities
Gage Johnson ~ Senior Vice President, General Counsel, Paramount Group
Andrew Jonas ~ Goldman, Sachs & Co.
Julian T. Kleindorfer ~ Latham & Watkins LLP
Yoel Kranz ~ Partner, Goodwin Procter LLP
Thomas Leanse ~ Senior Executive Vice President, Chief Legal Officer and Secretary, Macerich
Matthew J. Lustig ~ Head of Investment Banking, North America, Head of Real Estate & Lodging, Lazard
Paula C. Maggio ~ EVP, General Counsel and Secretary, Retail Properties of America, Inc.
Guy A. Metcalfe ~ Managing Director and Global Chairman of Real Estate, Morgan Stanley
Sabastian V. Niles ~ Wachtell Lipton Rosen & Katz
Ana G. O'Brien ~ Latham & Watkins LLP
Sarah E. Ralph ~ Skadden, Arps, Slate, Meagher & Flom LLP
Ronald M. Sanders ~ Executive Vice President and Chief Legal Officer, Colony NorthStar, Inc.
Brian M. Stadler ~ Simpson Thacher & Bartlett LLP
Karen F. Turk ~ Goodwin Procter LLP
Benjamin R. Weber ~ Sullivan & Cromwell LLP
Kathleen Werner ~ Clifford Chance US LLP
Gregory S. Wright ~ Bank of America Merrill Lynch
General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.

PLI’s live and on-demand webcasts are single-user license products intended for an individual registrant only. Credit will be issued only to the individual registered.


U.S. MCLE States

Alabama:  PLI’s on-demand web programs qualify as “online” credit. Attorneys are limited to 6 credits of online programs per reporting period.

Alaska:  All PLI products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Arizona:  PLI’s on-demand web programs qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  PLI’s on-demand web programs are not approved for Arkansas CLE credit.

California:  PLI’s on-demand web programs qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All PLI products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Connecticut: Effective January 1, 2017, all PLI products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Delaware:  PLI’s on-demand web programs qualify as “eCLE” credit. Attorneys are limited to 12 credits of eCLE per reporting period, no more than 6 of which may be audio-only.

Florida:  All PLI products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Georgia:  PLI’s on-demand web programs qualify as “in-house” credit. Attorneys are limited to 6 in-house credits per reporting period.

Hawaii:  All PLI products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Idaho:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 15 credits of self-study per reporting period.

Illinois:  All PLI products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Indiana:  PLI’s on-demand web programs qualify as “distance education” credit. Attorneys are limited to 9 credits of distance education per reporting period.

Iowa:  PLI’s on-demand web programs qualify as “unmoderated” credit. Attorneys are limited to 6 credits of unmoderated programs per reporting period.

Kansas:  PLI’s on-demand web programs qualify as “prerecorded” credit. Attorneys are limited to 6 credits of prerecorded programs per reporting period.

Kentucky:  PLI’s on-demand web programs qualify as “non-live” credit. Attorneys are limited to 6 non-live credits per reporting period.

Louisiana:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 4 credits of self-study per reporting period.

Maine:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 5.5 credits of self-study per reporting period.

Minnesota:  PLI’s on-demand web programs qualify as “on-demand” credit. Attorneys are limited to 15 on-demand credits per reporting period.

Mississippi:  PLI’s on-demand web programs qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 6 credits of self-study per reporting period.

Montana:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 5 credits of self-study per reporting period.

Nebraska:  PLI’s on-demand web programs qualify as “computer-based learning” credit. Attorneys are limited to 5 credits of computer-based learning per reporting period.

Nevada:  PLI’s on-demand web programs qualify as “self-study” credit. There is no limit to the number of credits an attorney can earn via self-study programs.

New Hampshire:  All PLI products can fulfill New Hampshire’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

New Jersey:  PLI’s on-demand web programs qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 4 credits of self-study per reporting period.

New York

Experienced Attorneys:  All PLI products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via PLI products.

Newly Admitted Attorneys:  PLI’s transitional on-demand web programs can be used to fulfill the requirements for New York newly admitted attorneys. Only professional practice and law practice management credits may be earned via transitional on-demand web programs. Ethics and skills credits may not be earned via on-demand web programs.

North Carolina:  PLI’s on-demand web programs qualify as “online” credit. Attorneys are limited to 6 credits of online programs per reporting period.

North Dakota:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 15 credits of self-study per reporting period.

Ohio:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Oklahoma:  PLI’s on-demand web programs qualify as “online, on-demand” credit. Attorneys are limited to 6 credits of online, on-demand programs per reporting period.

Oregon:  All PLI products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Pennsylvania:  PLI’s on-demand web programs qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Puerto Rico:  All PLI products can fulfill Puerto Rico’s CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Rhode Island:  PLI’s on-demand web programs qualify as “on-demand” credit. Attorneys are limited to 3 on-demand credits per reporting period.

South Carolina:  PLI’s on-demand web programs qualify as “alternatively delivered” credit. Attorneys are limited to 6 credits of alternatively delivered programs per reporting period.

Tennessee:  PLI’s on-demand web programs qualify as “distance learning” credit. Attorneys are limited to 8 credits of distance learning per reporting period.

Texas:  All PLI products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Utah:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 10 credits of self-study per reporting period.

Virgin Islands:  All PLI products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Virginia:  PLI’s on-demand web programs qualify as “pre-recorded” credit. Attorneys are limited to 8 credits of pre-recorded programs per reporting period.

Washington:  PLI’s on-demand web programs qualify as “A/V” credit. Attorneys are limited to 22.5 credits of A/V programs per reporting period.

West Virginia:  PLI’s on-demand web programs qualify as “online” credit. Attorneys are limited to 12 credits of online instruction per reporting period.

Wisconsin:  PLI’s on-demand web programs qualify as “repeated, on-demand” credit. Attorneys are limited to 15 credits of repeated, on-demand programs per reporting period. No ethics credits can be earned via on-demand web programs.

Wyoming:  PLI’s on-demand web programs qualify as “self-study” credit. Attorneys are limited to 6 credits of self-study per reporting period.


CPD Jurisdictions

British Columbia (CPD-BC):  PLI’s on-demand web programs are not eligible for CPD-BC credit unless viewed with at least one other attorney or an articled student. In this case, the credit must be recorded as a “study group.”

Ontario (CPD-ON):  PLI’s on-demand web programs qualify as “recorded” credit. If viewed without a colleague, attorneys are limited to 6 credits of recorded programs per year. If viewed with at least one colleague, there is no limit to the number of credits that can be earned via recorded programs.

Quebec (CPD-QC):  PLI’s on-demand web programs can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  PLI’s on-demand web programs are not approved for CPD-HK credit.

United Kingdom (CPD-UK):  PLI’s on-demand web programs can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  PLI’s on-demand web programs may fulfill Australia’s CPD requirements. Credit limits for on-demand web programs vary according to jurisdiction. Please refer to your jurisdiction’s CPD information page for specifics.

Alberta (CPD-ALBERTA):  All PLI products can fulfill Alberta’s CPD requirements. There is no limit to the number of credits an attorney can earn via PLI products.

Dubai (CLPD-DUBAI):  PLI’s on-demand web programs may fulfill CLPD credit requirements.


Other Credit Types

CPE Credit (NASBA):  Select on-demand web programs qualify as the “QAS Self-Study” delivery method. Please check the Credit Information box on the right-hand side of this page to verify CPE credit availability.

IRS Continuing Education (IRS-CE):  PLI’s on-demand web programs may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  PLI’s on-demand web programs may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  PLI’s on-demand web programs may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  PLI’s on-demand web programs may fulfill HR credit requirements.

SHRM Recertification (SHRM):  PLI’s on-demand web programs qualify as "self-paced" credit. SHRM professionals are limited to 30 credits of self-paced programs per recertification period.

Compliance Certification Board (CCB):  PLI’s on-demand web programs qualify as “self-study” credit. Candidates are limited to 10 self-study credits per 12-month period, and certification holders are limited to 20 self-study credits per 2-year renewal period.

Certified Anti-Money Laundering Specialists Certification (CAMS):  PLI’s on-demand web programs are not approved for CAMS credit.

New York State Social Worker Continuing Education (SW CPE):  PLI’s on-demand web programs are not approved for SW CPE credit.

American Bankers Association Professional Certification (ABA):  PLI’s on-demand web programs may fulfill ABA credit requirements.

Certified Financial Planners (CFP):  PLI’s on-demand web programs are not approved for CFP credit.

 

Related Items

Handbook  Course Handbook Archive

Negotiating Real Estate Deals 2018 Jonathan L Mechanic, Fried, Frank, Harris, Shriver & Jacobson LLP
Martin D Polevoy, DLA Piper LLP
 
Real Estate M&A and REIT Transactions 2018 Gil Menna, Goodwin Procter LLP
Robin Panovka, Wachtell, Lipton, Rosen & Katz
 
Negotiating Real Estate Deals 2017 Jonathan L Mechanic, Fried, Frank, Harris, Shriver & Jacobson LLP
Martin D Polevoy, DLA Piper LLP (US)
 
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“Strong faculty and presentation across the board." Well done.” – 2017 Attendee

“Wonderful program - great panels”– 2017 Attendee


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