Shane is a partner in the Federal Tax Group and is based in Morrison & Foerster’s San Diego office. He has a comprehensive tax practice with a focus on U.S. federal income tax matters.
Shane has substantial experience counseling on the tax aspects of most business transactions, including M&A, fund formations, joint ventures, international structuring and capital markets offerings. He has developed a unique expertise in a variety of complex tax areas, including REITs and real estate, renewable energy and financial products. He provides advice to his REIT and real estate clients on a daily basis regarding REIT compliance and structuring in connection with their significant offerings, M&A transactions, U.S. and non–U.S. focused fund formations and joint ventures, property contributions and other transactions. He regularly advises clients in the renewable energy sector with respect to tax matters through all phases of project development, including project M&A, “beginning of construction” issues and tax equity structuring matters. In addition, he advises both U.S. and non–U.S. financial institutions in their capital markets offerings, including structured products and other derivative instruments, and has a detailed understanding of the U.S. tax treatment of different types of products. His breadth of experience and expertise provides him a unique ability to develop creative, business–minded solutions to his clients’ most challenging transactional tax problems across industries.
Shane serves as co–chair of the REIT and Real Estate Tax Group at Morrison & Foerster and is Chambers ranked in the area of REITs. He is the author or co–author of a number of articles, including Taxation of Real Estate Investment Trusts and Shareholders and The Partnership Tax Practice Series: Planning for Domestic and Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances. He speaks and lectures regularly on a variety of tax topics, including real estate and renewable energy investing. Shane is an adjunct professor at USD School of Law, where he currently teaches the taxation of REITs and related real estate transactions.
Shane is an active participant in both the Morrison & Foerster and local communities, serving on the firm’s Women’s Strategy Committee and board of directors, as well as the boards of the La Jolla Playhouse and the San Diego Volunteer Lawyer Program.
Among his interests, he loves surfing with his children and beating them at chess.
Mr. Shelley is recommended by Chambers USA 2019 and Legal 500 US 2017 and 2019.
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