Justin R. Salon

Partner | Washington D.C.

justinsalon@mofo.com | (202) 887-8785

justinsalon@mofo.com
(202) 887-8785

Justin’s clients describe him as ‘an excellent captain on securities offerings,’ adding that ‘he provides clear, actionable guidance in difficult situations.’ (Chambers USA)

Justin's practice is focused on representing publicly and privately held companies in a variety of corporate and securities law matters.

Justin represents both issuers and underwriters in a wide variety of corporate and securities matters, including initial public offerings, primary and secondary offerings, private placements, senior and subordinated debt financings, and tender offers. In addition, he serves as primary outside counsel to numerous public company clients with respect to corporate governance issues, compliance with the U.S. federal securities laws, and the requirements of the New York Stock Exchange (NYSE) and NASDAQ, as well as general corporate matters.

Justin is recognized as a leading lawyer in Chambers USA 2020 for REITs. He is recommended by Legal 500 US 2019 for REITs and Capital Markets: Equity Offerings.

Representative Experience

Equity
  • Represented Armada Hoffler Properties, Inc. (NYSE: AHH) in connection with multiple follow-on offerings of common stock and preferred stock and represented the underwriters in connection with Armada Hoffler’s approximately $219 million initial public offering.
  • Represented the underwriters in connection with Plymouth Industrial REIT’s approximately $58 million initial public offering, multiple follow-on offerings of common stock, and $45 million offering of preferred stock.
  • Advised the underwriters in connection with Community Healthcare Trust’s (NYSE: CHCT) $136.6 million initial public offering, its $92 million follow-on equity offering, and its $100 million follow-on equity offering.
  • Represented Education Realty Trust (NYSE:EDR) in connection with multiple public offerings of common stock resulting in proceeds in excess of $1 billion.
  • Represented Farmland Partners, Inc. (NYSE: FPI) in its initial public offering, subsequent public offerings of common stock, and its approximately $131 million offering of 6.00% Series B Participating Preferred Stock.
  • Represented the underwriters in connection with multiple registered offerings of preferred stock and common stock by Sotherly Hotels (NASDAQ: SOHO).
  • Represented Inovalon Holdings, Inc. (NASDAQ: INOV) in its $685 million initial public offering.
  • Represented Trade Street Residential, Inc. in its $100 million backstopped rights offering and corresponding $50 million PIPE.
  • Represented the underwriters in connection with Independence Realty Trust’s (NYSE: IRT) $34 million offering of common stock and concurrent listing.
  • Represented the Special Committee of the board of directors of Bluerock Residential Growth REIT in connection with the proposed internalization of its external manager.
  • Represented RLJ Lodging Trust (NYSE: RLJ) in connection with its $575 million initial public offering.
  • Represented UDR, Inc. in connection with its $102 million follow-on equity offering.
Debt
  • As designated underwriters’ counsel to Royal Dutch Shell Plc, represented the underwriters in connection with registered offerings of more than $30 billion of fixed and floating rate notes by Shell International Finance, the U.S. financing subsidiary of Royal Dutch Shell Plc.
  • Represented Education Realty Trust (NYSE:EDR) in connection with multiple public offerings of debt securities resulting in proceeds in excess of $1 billion.
  • Represented the underwriters in connection with the registered offering of $5 billion of notes by Novartis Capital Corporation, the U.S. financing subsidiary of Novartis AG.
  • Represented ON Semiconductor Corporation (NASDAQ: ON) in its $500 million Rule 144A offering of 1.625% convertible senior notes.
  • Represented Veeco Instruments Inc. (NASDAQ: VECO) in its $300 million 144A offering of 2.70% convertible senior notes and its $125 million Rule 144A offering of 3.75% convertible senior notes.
  • Represented Whole Foods Market, Inc. in its $1 billion Rule 144A/Regulation S offering of 5.200% senior notes due 2025 and subsequent registered exchange offer.
  • Represented The Commonwealth of the Bahamas in connection with its $100 million 144A sovereign debt offering.
  • Represented AutoZone, Inc. (NYSE: AZO) in connection with $1.55 billion of registered offerings of senior notes.
  • Represented the underwriters in connection with multiple registered offerings of senior notes by Sotherly Hotels (NASDAQ: SOHO).
  • Represented Smithfield Foods, Inc. in its $1 billion offering of senior notes and concurrent tender offer for over $750 million of outstanding senior notes.
  • Represented WellPoint, Inc. (NYSE: WLP) in its $1.75 billion offering of senior notes.
M&A
  • Represented UDR, Inc. (NYSE: UDR) in connection with Home Properties, Inc.’s $7.6 billion acquisition by Lone Star Funds, in which UDR acquired six communities for approximately $908 million.
  • Represented Education Realty Trust in its $4.6 billion all-cash sale to a newly formed perpetual life vehicle led by an affiliate of Greystar Real Estate Partners.
  • Represented Farmland Partners, Inc. in connection with its stock-for-stock acquisition of American Farmland Company (NYSE: AFCO), as well as more than $400 million of property acquisitions.
  • Represented Trade Street Residential, Inc. in its definitive merger agreement with Independence Realty Trust, Inc.
Show More


Close
Feedback

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.