FacultyFaculty/Author Profile
Sarah E. Ralph

Sarah E. Ralph

Skadden Arps Slate Meagher & Flom LLP

Chicago, IL, USA


Sarah Ralph advises clients on a wide range of federal income tax planning matters, including REITs; partnership transactions; mergers, acquisitions and dispositions; reorganizations; private and public securities offerings; financings; foreign investments in the U.S., including under FIRPTA; private equity transactions; and issues involving tax-exempt organizations.

Ms. Ralph has represented clients in various tax-free and taxable acquisitions, dispositions, financings and restructurings. She has worked with numerous REIT clients in transactional and operational planning, including Alexandria Real Estate Equities, Inc.; Arbolada Capital Management; Apartment Investment and Management Company (AIMCO); CBS Outdoor Americas, Inc.; Crown Castle International Corp.; The GEO Group, Inc.; Gyrodyne Company of America; Penn National Gaming, Inc.; S.L. Green Realty Corp.; and Westfield America Inc. In addition, Ms. Ralph has represented Fortress Investment Group and its REITs and RICs, private equity funds and portfolio companies, as well as Ball Corporation; CF Industries, Inc.; Covanta Holding Corporation; Diversey Holdings, Inc.; and Severstal North America in various M&A transactions and federal income tax planning matters.

Ms. Ralph also has assisted numerous clients obtain private letter rulings from the IRS, including several private letter rulings regarding novel REIT issues.

In addition to acquisitions and other transactional work, Ms. Ralph represents U.S. and international corporations and investment banks in connection with public offerings of debt, equity and other financial instruments. In this area, she has advised, among others, Auto-Nation, Inc.; Credit Acceptance Corp.; Getty Realty Corp.; J.C. Penney; Omega Healthcare Investors, Inc.; Springleaf Finance Corporation; and Starwood Property Trust, Inc.

In 2016, Ms. Ralph was named the Rising Star for tax at Euromoney Legal Media Group’s fifth annual Americas Women in Business Law Awards. Ms. Ralph also has been selected for inclusion in Chambers USA: America’s Leading Lawyers for Business and named in International Tax Review’s “Women in Tax Leaders” supplement.

Publications

“IRS Expands REIT Spin-Off Restrictions, Extends REIT Built-in Gains Period to 10 Years,” Skadden, Arps, Slate, Meagher & Flom LLP, June 8, 2016

“Key Takeaways: Changes Will Impact Investment in US Real Estate,” Skadden, Arps, Slate, Meagher & Flom LLP, May 6, 2016

“FIRPTA Reform Impacts Investment Opportunities in US Real Estate,” Skadden, Arps, Slate, Meagher & Flom LLP, April 26, 2016

“Important FIRPTA and REIT Reforms Enacted,” Skadden’s 2016 Insights - Regulatory Developments, January 2016

“The Long-Awaited Game Changer for US Real Estate,” Law360, December 21, 2015

“New FIRPTA Reform: The Long-Awaited Game Changer for US Real Estate,” Skadden, Arps, Slate, Meagher & Flom LLP, December 18, 2015

“Extenders Bill Makes Important REIT Reforms and Closes Door on REIT Spin-Offs,” Skadden, Arps, Slate, Meagher & Flom LLP, December 18, 2015

“Unlocking Value Through REIT Spin-Offs,”Westlaw Next Practitioner Insights, May 4, 2015

Education
J.D., Northwestern University School of Law, 2003
B.A., Harvard University, 1997

Bar Admissions
Illinois
Sarah E. Ralph is associated with the following items:
Web Segment  Web Segment Evaluating the Current Tax Landscape for REITS and Dealing with the Issues - Real Estate M&A and REIT Transactions 2018, Monday, January 22, 2018
MP3 Audio  MP3 Audio Evaluating the Current Tax Landscape for REITS and Dealing with the Issues - Evaluating the Current Tax Landscape for REITS and Dealing with the Issues, Monday, January 22, 2018
MP4 - Mobile Video Seg  MP4 - Mobile Video Seg Evaluating the Current Tax Landscape for REITS and Dealing with the Issues - Evaluating the Current Tax Landscape for REITS and Dealing with the Issues, Monday, January 22, 2018
On-Demand Web Programs  On-Demand Web Programs Real Estate M&A and REIT Transactions 2018, Friday, January 26, 2018, New York, NY
Live Seminar  Live Seminar Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2018, Tuesday, May 01, 2018, Chicago, IL
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