Irv Hepner

Irv Hepner


Yale University (B.A., 1973)
Benjamin N. Cardozo School of Law (J.D., 1979)

Bar Admissions

New York

Irv Hepner is of counsel in the firm’s Project Finance and Development Group in the Los Angeles office. With a deep background in corporate and real estate transactions, he focuses his practice on portfolio real estate acquisition, leasing, and development programs.  In addition to his substantial practice in the renewable energy sector, Mr. Hepner has particular expertise in the real estate needs of the life sciences and defense industries, as well as airports and industrial facilities.

Before joining Morrison & Foerster, Mr. Hepner practiced at the Los Angeles office of a New York law firm for 14 years. Previously, he was the chief U.S. legal officer for Westfield Holdings Limited, an Australian public company that was the exclusive manager, developer, and advisor for Westfield America, Inc., a real estate investment trust then listed on the New York Stock Exchange.  Westfield America is the second-largest owner of regional and super-regional shopping centers in the United States.

In his 18 years of private practice in New York before joining Westfield, Mr. Hepner represented a wide range of institutions and entrepreneurs involved in the acquisition, development, leasing, and financing of real estate and industrial projects.

Mr. Hepner graduated magna cum laude from the Benjamin N. Cardozo School of Law. He is admitted to practice in California.

Representative Transactions

  • Counsel to the developer for all aspects of a $315 million medium density fiberboard manufacturing plant based on rice straw as feedstock, including a separate technology holding company, equity arrangements for the project company, and project financing through California tax-exempt bonds.

  • Counsel to an investment fund in the lease financing of critical common electrical transmission infrastructure, as part of a multi-phase utility-scale wind energy development.

  • Counsel to the seller in the sale of a $360 million portfolio of Manhattan residential and retail buildings.

  • Counsel to wind and solar energy developers and tax equity investors in the real estate aspects of the acquisition, development, construction, and sale of generating facility projects, including a large project in Southern California that resulted in the largest wind energy contract ever signed by a U.S. utility.

  • Counsel to a variety of private equity funds in the real estate aspects of mergers and acquisitions transactions, particularly in the defense and life sciences industries.

  • Counsel to a major defense contractor for all tenant leasing matters.

  • Counsel for real estate matters to the airport authority of a major U.S. city in connection with the structuring and implementation of a new leasing policy for passenger terminal leases with airline tenants, including the preparation of a new lease form based on a new economic and management model.

  • Counsel to Westfield America, Inc. in its acquisition of a portfolio of nine shopping centers in five states for approximately $756 million of consideration comprising equity securities, cash, and the assumption of indebtedness.

  • Counsel to the controlling shareholder of a public REIT in a “going-private” transaction and to the controlling shareholder of another public REIT in a cash-out merger.

  • Counsel to a public REIT in all legal aspects of its acquisition, development, leasing, financing, and capitalization program necessary for 80% growth of its assets.

  • Counsel to numerous financial institutions and investment funds in a variety of real estate acquisition, development and construction financings, sale-leaseback transactions, workouts, and foreclosure and deed-in-lieu of foreclosure arrangements, and note purchase and sale transactions.

Email Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.

©1996-2019 Morrison & Foerster LLP. All rights reserved.