Jay Blaivas is a partner in the Federal Tax Group based in the New York office of Morrison & Foerster. His practice focuses on the taxation of REITs, real estate-related funds and joint ventures, and their respective investors, in connection with all aspects of their structuring, formation, and ongoing business operations, including investment acquisition and disposition transactions, and public and private capital markets transactions and offerings.
With over 20 years of broad experience in real estate tax matters both as a private lawyer and an in-house tax attorney, Mr. Blaivas provides clients invaluable advice on complex tax matters involving REITs and real estate funds, drawing on his deep industry experience and knowledge to better understand our clients’ business goals and challenges.
Mr. Blaivas’s practice includes advising on all tax aspects of the formation, operation, and continuing compliance of public, private and non-traded mortgage and equity REITs and UPREITs, and the structuring and operations of real estate equity and debt funds, including their investments, transactions and financings, as well as the tax considerations applicable to their U.S., non-U.S., tax-exempt, and foreign sovereign investors.
Immediately prior to joining Morrison & Foerster, Mr. Blaivas spent approximately six years at The Blackstone Group, where he oversaw all tax-related aspects of the Blackstone Real Estate Debt Strategies (BREDS) business, including its draw-down funds, hedge funds, non-traded regulated investment companies, and publicly listed mortgage REIT with total assets exceeding $10 billion.
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