James I.Kinnebrew

Partner

Chicago + 1.312.269.4072

James Kinnebrew has more than 15 years of combined experience as both a lawyer and a CPA advising on the federal income tax aspects of complex commercial transactions. His practice has a particular emphasis on domestic and cross-border real estate transactions, strategic joint ventures, acquisitions and dispositions, capital markets transactions, restructurings, financings, and workouts. He also advises on domestic and international real estate private equity fund formations and operations, the formation of public and private REITs, and debt and equity offerings by public REITs.

James works regularly with clients such as DDR, Greystar Real Estate Partners, LaSalle Investment Management, StepStone Real Estate Group, the Townsend Group, and the Westbrook Real Estate Funds. In addition, he has represented sponsors of real estate investment funds throughout the fundraising process, including DivcoWest, Henderson Park Capital Managers, Kildare Partners, LoanCore Capital, Thackeray Partners, and TriGate Capital. James also regularly counsels sovereign investors with respect to their investments in the United States.

Prior to joining Jones Day, James was a tax associate in the Washington, D.C. office of a large New York-based law firm, where he primarily focused on the taxation of partnerships, REITs, and other pass-through entities. He also represented institutional investors, including pension funds and other tax-exempt entities, in their domestic and international investment activities.

Prior to entering the legal profession, James practiced as a certified public accountant with PricewaterhouseCoopers, where he focused on tax matters across a variety of industries.

Experience

  • Henderson Park acquires Arizona Biltmore for $705 millionJones Day represented Henderson Park Capital Partners in the acquisition and financing of the Arizona Biltmore, a LXR Hotel & Resort, for a purchase price of $705 million.
  • DataBank obtains $725 million senior secured revolving credit facility to finance development of data centersJones Day represented DataBank Holdings, Ltd. in connection with a $725 million senior secured revolving credit facility to finance existing and future data center construction projects.
  • Wells Fargo provides $300 million syndicated revolving credit facility to national owner/operator of marina facilitiesJones Day represented Wells Fargo Bank, National Association, as administrative agent, left lead arranger, and lender, and another financial institution, as a joint lead arranger and a lender, in connection with a $300 million syndicated, pledge-secured, revolving credit facility provided to a national owner/operator of marina facilities.
  • CDPQ invests in Grant ThorntonJones Day advised Caisse de dépôt et placement du Québec (CDPQ) in its participation with a consortium of buyers, including New Mountain Capital and the DeVos Family Office, for the recapitalization of Grant Thornton LLP (United States).
  • Accord Catalyst Fund obtains subscription line credit facilityJones Day represented Accord Catalyst Fund in connection with a new subscription line credit facility.
  • Global secondaries manager purchases portfolio of private equity fund interestsJones Day represented a global secondaries manager in connection with the purchase of a portfolio of private equity fund interests
  • Global secondaries manager purchases portfolio of private equity fund interests from institutional asset managerJones Day represented global secondaries manager in connection with the purchase of a portfolio of private equity fund interests from an institutional asset manager.
  • Stonemont Financial finances and forms JV for North Carolina acquisitionJones Day advised an affiliate of Stonemont Financial Group in connection with the financing and formation of a joint venture to acquire a 151,000 square-foot manufacturing and distribution facility in Cary, North Carolina, which was leased to a leading food-manufacturer at closing.
  • Blue Flag Capital acquires Snake River Lodge and SpaJones Day advised Blue Flag Capital in the acquisition and financing of the Snake River Lodge and Spa, a 93 key hotel and spa located in Teton Village, Wyoming, by a vehicle managed by Blue Flag Capital.
  • Global secondaries manager purchases portfolio of private equity fund interests with stapled primary investmentJones Day advised a global secondaries manager with the purchase of a portfolio of private equity fund interests in five funds, and a simultaneous primary investment in a private investment fund.
  • Adams Street purchases portfolio of private equity fund interestsJones Day represented Adams Street Partners in connection with the purchase of a portfolio of private equity fund interests.
  • LaSalle completes $510 million joint venture with UDRJones Day represented LaSalle Investment Management in its $510 million joint venture with UDR, Inc. (NYSE: UDR) to create a portfolio of core multifamily assets in key markets across the U.S.
  • Citigroup Global Markets and Scotiabank-led syndicate purchases 117,049,735 CBFIs in global offering by FIBRA PrologisJones Day represented Citigroup Global Markets Inc. and Scotia Capital (USA) Inc., as representatives of the several initial purchasers, as U.S. securities counsel in connection with the global offering by FIBRA Prologis of 117,049,735 real estate trust certificates (certificados bursátiles fiduciarios inmobiliarios, or “CBFIs”).
  • MassMutual provides variable term loan series to sponsor-backed borrowerJones Day represented Massachusetts Mutual Life Insurance Company, as administrative agent and lead lender, in connection with a variable term loan series provided to a sponsor-backed borrower.
  • Greystar and Vía Célere create joint venture to acquire portfolio of 2,425 rental housing units in SpainJones Day advised Greystar Equity Partners Europe Fund I in relation to its joint venture with Via Célere and the related forward-purchase of a 12 project portfolio of rental housing units in Madrid, Malaga, Valencia, Seville and Bilbao from Via Célere. The Build to Rent portfolio is one of the largest in Spain and will operate under the “Be Casa Essential” brand.
  • Bally's transfers real property assets of two properties to Gaming And Leisure Properties for $635 millionJones Day advised Bally's Corporation on the completion of the previously announced transfer of the real property assets of Bally's Tiverton Casino & Hotel in Tiverton, RI and Bally’s Hard Rock Hotel & Casino Biloxi in Biloxi, MS to GLP Capital, L.P., the operating partnership of Gaming and Leisure Properties, Inc., for $635 million in total consideration, inclusive of $15 million in the form of OP units. Bally's leased back both properties and continues to own, control, and manage all the gaming operations of the facilities on an uninterrupted basis.
  • NW1 Partners forms industrial outdoor storage fundJones Day advised NW1 Partners US, LLC on the formation of an industrial outdoor storage fund.
  • Infinite Computer Solutions acquires SIS unit, Costa Rica operations of FiservJones Day advised Infinite Computer Solutions, Inc. in the acquisition of the systems integration ervices unit and Costa Rica operations of Fiserv.
  • DataBank converts to a REIT and recapitalizes to bring in new investorsJones Day advised DataBank as special tax counsel in connection with its conversion to a real estate investment trust (REIT) and a complex recapitalization of its capital structure to bring in new investors.
  • Hirtle Callaghan & Co sells portfolio of interests in over 30 private equity fundsJones Day represented Hirtle Callaghan & Co in connection with the sale of a portfolio of interests in over 30 private equity funds.