Kendal A. Sibley

Kendal focuses on federal income tax issues related to equity REITs, mortgage REITs and private investment funds, including in respect of capital markets transactions, fund formations, mergers and acquisitions, joint ventures and structured finance and securitization.

Kendal represents issuers and underwriters in various aspects of federal income tax structuring of capital markets transactions, initial public offerings, mergers and acquisitions, fund formations and joint ventures, and in connection with public and private equity and debt offerings by public and private REITs, including REITs investing in mortgage-backed securities, mortgage loans, hotels, excess mortgage servicing rights, commercial office buildings, industrial and single family rental (SFR). Kendal represents private equity funds and investors in fund formation using REITs, blockers and other structures. Kendal also advises clients on roll-up transactions, tax protection agreements and FIRPTA issues.

Relevant Experience

• Represented private equity fund in $2.5 billion take private transaction of single family rental REIT.
• Represented acquirer in $5.2 billion hospitality REIT merger.
• Represented real estate and credit fund platform in all aspects of tax structuring for private funds, REITs and similar investment vehicles.
• Represented industrial cannabis REIT in merger transaction.
• Represented issuers and underwriters in initial public offerings of equity and mortgage REITs.
• Represented industrial REIT concerning REIT issues in $7.6 billion take private transaction.
• Represented issuer in REIT conversion from a C corporation and issuer in REIT conversion from a publicly traded partnership.
• Represented buyers and sellers of private REITs.