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

  • 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 is advising Infinite Computer Solutions, Inc. in the acquisition of the systems integration services 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.
  • DigitalBridge’s DataBank acquires Houston-area data centers from CyrusOneJones Day advised DigitalBridge Group Inc.’s DataBank subsidiary in the $670 million acquisition of four existing data centers in the Houston, TX metro area from CyrusOne.
  • Sky Island Capital forms Sky Island Capital I LPJones Day represented Sky Island Capital in connection with the formation of Sky Island Capital I LP.
  • Greystar acquires $2 billion portfolio from The Finger CompaniesJones Day represented Greystar Real Estate Partners LLC in connection with a $2 billion acquisition of a portfolio from The Finger Companies.
  • Greystar forms joint venture to develop and acquire single-family rental communities in U.S.Jones Day represented Greystar Real Estate Partners, LLC in connection with its $840 million joint venture with an institutional investor to develop and acquire single-family rental communities in the U.S.
  • Wells Fargo provides $375 million term loan secured by student housing projects located throughout U.S.Jones Day represented Wells Fargo Bank, National Association, in connection with a $375 million acquisition loan secured by 12 student housing projects located throughout the U.S. 
  • Climate Fund Managers announces first close of CI2, its second global climate fund, at $675 millionJones Day represented Climate Fund Managers (CFM) with the structuring, establishment, fund raising and first closing of the new fund, CI2 Construction Equity Fund, that invests in water, sanitation and oceans infrastructure projects in Africa, South and South East Asia, and Latin America.
  • Royal Bank of Canada provides $127.12 million construction loan secured by life-science bio-manufacturing campus in Devens, MassachusettsJones Day advised Royal Bank of Canada, as administrative agent, in connection with a $127.120 million construction loan secured by a life-science bio-manufacturing campus in Devens, Massachusetts.
  • Whitman/Peterson Partners IV, LP closes on $692 millionJones Day advised Whitman/Peterson LLC on the formation of Whitman/Peterson Partners IV, LP.
  • Wells Fargo provides $260 million term loan secured by multifamily residential building located in Chicago, IllinoisJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $260 million term loan secured by a multifamily residential building containing 626,633 net rentable residential square feet, 3,631 net rentable retail square feet, and parking for 198 vehicles located in Chicago, Illinois.
  • Wells Fargo provides Chapter 11 financial reorganization plan for CBL PropertiesJones Day advised Wells Fargo Bank, National Association, as administrative agent, in connection with the Chapter 11 financial reorganization plan of and secured exit financing for CBL Properties (“CBL”), a publicly traded real estate investment trust that owns and manages a portfolio of shopping malls.
  • SITE Centers establishes $250 million at-the-market equity programJones Day represented SITE Centers Corp. in connection with the establishment of an at-the-market equity program for the offering and sale of up to $250 million aggregate sales price of Common Shares.
  • DigitalBridge Group, Inc. expands Vantage SDC (Stabilized Data Centers)Jones Day advised Vantage Data Centers on the expansion of the Vantage SDC (Stabilized Data Centers) platform by DigitalBridge Group, Inc. with the acquisition of CA22, a 24MW hyperscale data center serving the strategic Santa Clara, California market, for $539 million.
  • MassMutual completes follow-on commitment to purchase up to $200 million of Class N Shares of Common Stock of Invesco REIT InvestmentJones Day advised Massachusetts Mutual Life Insurance Company in connection with a follow-on commitment to purchase up to $200 million of Class N Shares of Common Stock of Invesco REIT Investment.
  • Building Systems Holdings sells company to Therma HoldingsJones Day advised Building Systems Holdings, Inc. in the sale of the company to Therma Holdings.
  • Whitman/Peterson forms joint venture with AutoCamp to acquire a hotel property in Moab, UtahJones Day advised Whitman/Peterson LLC in connection with its joint venture with AutoCamp to acquire a hotel property in Moab, Utah and renovate it to target travelers seeking outdoor athletic or adventure-type experiences.