Hogan Lovells 2024 Election Impact and Congressional Outlook Report
David W. Bonser
Partner Corporate & Finance
In his public company capital markets practice, David guides companies through complex initial public offerings (IPOs), helping them raise equity and debt capital as public companies, and providing general securities law and governance advice once they are public. In his private capital markets practice, he advises clients on private placements and private equity fund formations.
David also has broad experience in public and private mergers and acquisitions (M&A) and joint ventures for real estate companies, serving as the primary counsel in numerous high-profile transactions over the past 15 years. He has represented buyers, sellers (including special committees of public company boards), partners, and financial advisors.
David has been focusing on real estate investment trust (REITs) since before they were cool; he has been at the forefront of the REIT industry since it took off in the early 1990s. He has served as counsel to issuers and underwriters for dozens of public company REITs. He is a regular speaker at industry events, and has been ranked for years in Tier 1 for REITs in both Chambers and Legal 500.
The JBG Companies in its US$10bn merger and spin-off transaction with Vornado Realty Trust to create JBG SMITH Properties.
Colony NorthStar in its US$5.5bn tri-party merger transaction with NorthStar Real Estate Income Trust Inc. and NorthStar Real Estate Income II Inc.
The Special Committee of the Board of Directors of Phillips Edison Grocery Center REIT II Inc. in its US$8.6bn merger transaction with Phillips Edison & Company Inc.
Bell Partners Inc. in the formation of three real estate investment funds raising more than US$1.2bn.
Bank of America Merrill Lynch, Morgan Stanley, and other underwriters as underwriters' counsel in the US$250m IPO by Hudson Pacific Properties.
QTS Realty Trust in its US$300m IPO and multiple subsequent follow-on common stock, preferred stock, and debt offerings.
RLJ Lodging Trust in its merger transaction with FelCor Lodging Trust, creating one of the largest lodging REITs with a combined enterprise value of US$7bn.
Industrial Income Trust in its US$6.4bn sale to Global Logistic Properties.
Kite Realty Group Trust in its US$2.1bn acquisition of Inland Diversified Real Estate Trust.
RLJ Lodging Trust in its US$570m IPO and multiple subsequent follow-on common stock offerings.
J.P. Morgan, Citigroup, and other underwriters as underwriters' counsel in the US$300m IPO by Retail Properties of America.