Dianne Umberger is the National Tax Department’s REIT Leader for Ernst & Young (“EY”) and is a principal in the Real Estate Group in Washington, D.C. Since joining EY 20 years ago, Dianne has specialized in advising real estate investment trust (“REIT”) clients for the firm. For several years, she was involved in numerous REIT conversions and restructuring transactions for emerging REITs including EIAA Infra REIT, Cyrus One, Inc., Ryman Hospitality, CBS Outdoor, Corrections Corporation of America, Crown Castle, and CorEnergy Infrastructure Trust, Inc.
Dianne has worked closely with our healthcare and infrastructure REITs, developing and advancing many of the key tax issues in these areas. In particular, Dianne has worked closely with the Internal Revenue Service and REIT industry leaders on several novel issues for the industry’s largest healthcare REITs including Ventas and Welltower, and she has extensive experience with both public and private infrastructure REITs including Du Pont Fabros, Cyrus One, CorEnergy Infrastructure Trust, Inc., and EIAA Infra REIT, to obtain groundbreaking private letter rulings on the treatment of assets and income favorable to the infrastructure industry.
Prior to joining the firm, Dianne was an Attorney Advisor with the Office of Chief Counsel of the Internal Revenue Service, Financial Institutions and Products. In that role, she developed many of the Service’s ruling positions regarding REITs that positively impacted the REIT industry. Dianne represents numerous publicly traded and private REITs before the Service and has obtained many important rulings for EY’s REIT clients. Over the years, she has worked closely with NAREIT’s government relations and legislative committees to advance key REIT issues and she is a frequent speaker at industry events including NAREIT’s REITWise and other conferences, including PLI, ABA, IMN, and the Real Estate Tax Forum. Dianne received her BA with honors from the University of Connecticut and her JD from Villanova University.