Ronald G.Weitz (Ron)

Partner

(T) 1.312.269.4170

Ron Weitz has more than 30 years experience advising on the tax aspects and structuring of tax-sensitive commercial transactions with particular emphasis on domestic and cross-border real estate transactions and real estate-related investments. Ron's practice includes domestic and international real estate private equity fund formations and operations; the formation and operation of public and private real estate investment trusts; workouts; distressed asset transactions in the U.S., Europe, and Asia; and the structuring and formation of complex partnerships with tax-exempt, U.S. taxable, and foreign investors.

Representative transactions in which Ron has served as lead tax counsel include numerous transactions for Morgan Stanley Real Estate Funds, including the $8.6 billion buyout of Canary Wharf Plc, the $3.9 billion acquisition of Investa Properties Ltd. (Australia), and the acquisition of a $343 million nonperforming Korean loan portfolio from Korean Asset Management Corporation; the $3.4 billion buyout of Centerpoint Properties Trust by CalEast Industrial Investors, LLC; and public offerings by several publicly traded REITs.

Additional representative clients for which Ron has regularly performed legal services include CB Richard Ellis Investors, Developers Diversified Realty, LaSalle Investment Management, Pfizer, the Public Employees' Retirement Association of Colorado, and the Westbrook Real Estate Funds.

Ron has authored articles in the area of partnership taxation and tax-exempt entity investment in real estate and has spoken at national and local bar association and professional tax organizational meetings, including those sponsored by the National Association of Real Estate Investment Trusts (NAREIT).

Experience

  • Cineworld Group completes asset monetization strategies in United States through cinema sale-leaseback transactionsJones Day advised UK headquartered, Cineworld Group PLC in connection with an asset monetization strategy in the United States involving a combined cash consideration of $556.3 million cinema sale-leaseback transactions to convert a substantial portion of Cineworld’s U.S. real estate holdings into cash to leverage its equity and optimize efficiency.
  • Henderson Park forms Henderson Park Real Estate Fund I ("HPREF I")Jones Day represented Henderson Park Capital Management in the formation of Henderson Park Real Estate Fund I ("HPREF I"), a $2.2 billion pan-European opportunistic and value added real estate investment fund, and in the Fund's related subscription-based credit facility.
  • SITE Centers Corp. refinances $900 million mortgage loanJones Day advised SITE Centers Corp. in connection with the refinancing of a $900 million mortgage loan provided by Column Financial, Inc.; JP Morgan; and Morgan Stanley which was collateralized by mortgage liens on 24 U.S. properties, one Puerto Rico Property, and a pledge of equity interests in the owners of 12 Puerto Rico properties.
  • ACG Equity Partners acquires housing community in Lincoln, NebraskaJones Day advised AGC Equity Partners Private Equity Secondary Fund II L.P. in its acquisition of Aspen Lincoln, a 632-bed student housing community located in Lincoln, Nebraska.
  • SITE Centers Corp. establishes $250 million at-the-market programJones Day represented SITE Centers Corp., a self-administered real estate investment trust, in connection with the establishment of an at-the-market program for the sale of up to $250 million of its Common Shares.
  • DDR spins off $3 billion portfolio into separate publicly-traded REITJones Day advised DDR Corp. in its spin-off of a portfolio of 50 assets, comprised of 38 Continental U.S. assets and the entirety of the Puerto Rico portfolio into a separate publicly-traded REIT named Retail Value Inc. ("RVI").
  • Mill Creek forms joint venture with ASRS to acquire all outstanding sharesJones Day advised Mill Creek Residential Trust LLC and its management team in the acquisition of all the outstanding shares of Mill Creek by the Arizona State Retirement System and the management team.
  • Thackeray Partners forms $350 million Thackeray Partners Realty Fund V, L.P.Jones Day advised Thackeray Partners L.P. in connection with the formation of Thackeray Partners Realty Fund V, L.P., a $350 million real estate fund focusing on rental housing (multifamily, apartments and rental housing) and industrial warehouses throughout the U.S.
  • Stepstone affiliate forms joint venture to acquire multifamily properties in Georgia and FloridaJones Day advised SRE Island – Investco, LLC (“Stepstone”), an affiliate of Stepstone Group Real Estate LP, in connection with the formation of, and an initial equity investment of approximately $59.1 million in, a joint venture (the “Joint Venture”) with affiliates of Cortland Partners, LLC and Clarion Partners LLC for the acquisition, by purchase of equity interests, of three multifamily apartment communities in Georgia and Florida (the “Properties”).
  • Meyer Bergman closes European Retail Partners III FundJones Day acted as counsel to Meyer Bergman, Ltd. in the formation and closing of Meyer Bergman European Retail Partners III, which, together with its dedicated co-investment vehicles, is a €990 million real estate private equity fund making investments in the retail sector  across Europe.
  • StepStone forms joint venture with Milhaus, acquires five multifamily developments, and forms additional joint venture with Milhaus for acquisition of multifamily development project located in MissouriJones Day represented StepStone Group LP in connection with the (i) formation of a joint venture with Milhaus and the acquisition by such entity of five multifamily developments located in Indiana, Oklahoma and Tennessee, and (ii) formation of an additional development joint venture with Milhaus for the acquisition of a multifamily development project located in Missouri and capital commitments for the acquisition of additional multifamily development projects.
  • Jones Lang LaSalle invests in CER Italian LogisticsJones Day advised Jones Lang LaSalle Incorporated in connection with its investment in CER Italian Logistics L.P., a fund that targets opportunistic real estate investments in Italy.
  • Greystar forms open ended core plus fund and acquires Monogram for approximately $4.4 billionJones Day advised Greystar Real Estate Partners on a number of related transactions culminating in the acquisition of Monogram Residential Trust, Inc. (a publicly traded REIT based in Plano, Texas), an owner, operator, and developer of luxury apartment communities with a significant presence in select coastal markets, in a transaction valued at approximately $4.4 billion, including the debt assumed or refinanced in connection with the transaction.
  • DDR completes $350 million registered public offering of Senior NotesJones Day represented DDR Corp., a self-administered and self-managed real estate investment trust, in connection with its registered public offering of $350 million aggregate principal amount of 3.900% Senior Notes due 2024.
  • Meyer Bergman negotiates fund with single investor partner and acquires 109 North 6th Street, Brooklyn, New YorkJones Day advised Meyer Bergman, Ltd., in its negotiation of a Brooklyn focused fund with single investor partner and the acquisition of 109 North 6th Street, Brooklyn, New York, by that fund.
  • DDR forms joint venture with affiliate of Madison International Realty to manage portfolio of shopping centersJones Day advised DDR Corp. (NYSE: DDR) and an affiliate of Madison International Realty in a recapitalization of a joint venture with 52 shopping centers previously owned by DDR and various partners through the DDR Domestic Retail Fund I, totaling $1.05 billion.
  • DDR completes $175 million registered public offering of depositary sharesJones Day represented DDR Corp., a self-administered and self-managed real estate investment trust, in connection with its registered public offering of 7,000,000 depositary shares, each representing a 1/20th fractional interest in a share of its newly designated 6.375% Class A Cumulative Redeemable Preferred Shares, at a price of $25.00 per depositary share.
  • Kildare Partners forms Kildare European Partners II worth $2 billionJones Day advised Kildare Partners US, LLC in the formation of Kildare European Partners II, a $2 billion real estate investment fund focusing on opportunities in Europe for direct investments in commercial real estate or performing or distressed commercial real estate loans.
  • DDR completes $450 million registered public offering of Senior NotesJones Day represented DDR Corp., a self-administered and self-managed real estate investment trust, in connection with its registered public offering of $450 million aggregate principal amount of 4.700% Senior Notes due 2027.
  • Brookfield Asset Management acquires portfolio of office and industrial sites for $854.5 millionJones Day advised Brookfield Asset Management Inc. in its $854.5 million acquisition of a portfolio of office and industrial sites.
  • Speaking Engagements

    • February 27, 2018
      The Tax Cuts and Job Act: What Does It Mean for American Business
    • April 27, 2016
      International Tax Seminar for Detroit Chapter of Tax Executives Institute
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