
Daniel M. LeBey






Daniel’s principal areas of practice are capital markets and securities law, private equity and fund formation, mergers and acquisitions, and corporate governance matters. He has a particular focus on transactions involving real estate investment trusts (REITs).
He advises REITs and their sponsors through the entire life cycle of a REIT from formation through the initial public offering process, and thereafter with respect to equity and debt capital markets transactions, SEC reporting and compliance, mergers, acquisitions and other strategic transactions, and corporate governance. Daniel also regularly serves as counsel for the underwriters in capital markets transactions.
Daniel also advises boards of directors and special committees on strategic transactions and other governance matters.
In addition to REITs, Daniel advises clients in a variety of other industries ranging from technology to manufacturing to infrastructure. Before law school, Daniel worked as an analyst at a New York bank, where he developed a strong foundation in corporate finance. He spent his early years as an attorney focusing on bank M&A deals before becoming a real estate capital markets lawyer. He leverages this background together with his deep understanding of clients’ businesses and industries to provide tailored, practical, creative legal guidance to help clients meet their objectives. Clients in particular appreciate that he is “very strategic but at the same time very detailed,” according to Chambers USA, where a reviewer also praised him as “a really excellent REIT lawyer” (2020).
Daniel also serves as the managing partner for V&E’s Richmond office.
Capital Markets
Underwriters to NETSTREIT Corp. in its $225 million initial public offering of common stock
Underwriters to NETSTREIT Corp. in its $233 million Rule 144A offering of common stock
Ellington Financial Inc. (in its current REIT form and its prior publicly traded partnership form) in its initial public offering and all of its subsequent capital markets transactions including its recent $96.8 million public offering of common stock; its $115 million public offering of Series A fixed-to-floating rate cumulative redeemable preferred stock; and its $86 million investment grade offering of senior notes and subsequent note exchange
Underwriters to PLH Group, Inc. in its $208 million Rule 144A offering of class A-1 common stock
Underwriters to Urstadt Biddle Properties, Inc. in its $115 million public offering of Series H cumulative redeemable preferred stock
Underwriters to Clipper Realty Inc. in its $88 million initial public offering of common stock
Global Medical REIT Inc. in its $150 million initial public offering of common stock and all of its subsequent capital markets transactions including multiple follow-on underwritten public offerings and ATM offerings of common stock and an underwritten public offering of preferred stock
American Residential Properties, Inc. in its $330 million initial public offering of common stock
Ellington Residential Mortgage REIT in its $47 million public offering of common shares
Issuer’s counsel in numerous initial and follow-on public equity offerings, private offerings of common stock under Rule 144A and Regulation S, private placements under Regulation D, and public and private offerings of preferred equity and debt securities
Underwriters’ counsel for leading regional, national, and international investment banking firms in numerous initial and follow-on underwritten public and private offerings of equity and debt securities
Global Medical REIT in its $18.1 million acquisition of Inter-American Management resulting in a management internalization
Oncor Electric Delivery Company in its $2.2 billion acquisition of InfraREIT
NorthStar Realty Finance in its approximately $16 billion combination with NorthStar Asset Management Group and Colony Capital in an all-stock merger of equals
Special Committee of the Board of Directors of MVP REIT II in the acquisition of MVP REIT by MVP REIT II in a stock-for-stock merger
Special Committee of the Board of Directors of Moody National REIT I in the merger of Moody National REIT I and Moody National REIT II
American Residential Properties, Inc. in its $1.4 billion stock-for-stock merger with American Homes 4 Rent
Blackstone Group LP in its formation and capitalization of a private residential mortgage REIT
Northern Pacific Group in its formation and capitalization of a private investment fund focused on SFR properties
Sandpiper Hospitality in its formation of 7 different private investment funds and a private REIT focused on extended stay hotels
Credentials
- University of Georgia School of Law, J.D., 1992 (Editorial Board, Georgia Law Review)
- Princeton University, A.B., English, Distinction in American Studies Program, 1987
- Chambers USA, REITs (Nationwide), 2007–2020
- Legal 500 U.S., Capital Markets: Equity Offerings, 2017 and 2019; Real Estate: REITS, 2017-2020; Capital Markets: Debt, 2019; Construction, 2015
- The Best Lawyers in America© (BL Rankings, LLC), Corporate Law, 2017−2021
- Member: National Association of Real Estate Investment Trusts
- Member: Princeton Association of Virginia, President 2007-2009
- Georgia
- Virginia
- EventJanuary 26, 2021Webcast
- Rankings & AwardsAugust 20, 2020
- Deals & CasesAugust 13, 2020
- Deals & CasesJuly 9, 2020
- Rankings & AwardsJune 16, 2020
- Rankings & AwardsApril 23, 2020
- Coronavirus: Preparation & ResponseMarch 30, 2020
- Coronavirus: Preparation & ResponseMarch 26, 2020
- InsightMarch 6, 2020
V&E REIT Update
- Event RecapFebruary 12, 2020
- Deals & CasesJanuary 21, 2020
- InsightJanuary 10, 2020
V&E Energy Update
- Deals & CasesDecember 11, 2019
- Deals & CasesNovember 18, 2019
- Deals & CasesOctober 16, 2019
- Deals & CasesOctober 1, 2019
- Rankings & AwardsAugust 15, 2019
- Deals & CasesJuly 22, 2019
- Rankings & AwardsMay 30, 2019
- Event RecapMay 28, 2019
- InsightMay 9, 2019
V&E REIT Update
- Rankings & AwardsApril 25, 2019
- V&E+April 15, 2019
- Deals & CasesMarch 18, 2019
- Event RecapFebruary 20, 2019
- Deals & CasesOctober 18, 2018
- InsightSeptember 20, 2018
V&E REIT Update
- V&E+July 26, 2018
- Rankings & AwardsMay 9, 2018
- InsightMay 8, 2018
V&E REIT Update E-communication
- Event RecapApril 19, 2018
- InsightFebruary 7, 2018
V&E REIT Update E-communication
- InsightAugust 16, 2017
V&E REIT Update E-communication
- Deals & CasesMay 30, 2017
- Event RecapFebruary 22, 2017
- InsightNovember 30, 2016
V&E REIT Update E-communication
- Deals & CasesNovember 16, 2016
- Event RecapJuly 13, 2016
- Deals & CasesJune 29, 2016
- Deals & CasesJune 3, 2016
- Press ReleaseApril 4, 2016
- Deals & Cases
- “2019 Kayo Women’s Real Estate Summit,” June 24, 2019 (moderator)
- “Why Do Property REITs Have Operating Partnerships,” REIT Series, V&E New York Office, May 28, 2019 (speaker)
- “Qualified Opportunity Funds, Real Estate, and REITs,” REIT Series, V&E New York Office, February 20, 2019 (speaker)
- “Trends in REIT Corporate Governance,” REITworld: 2018 Annual Conference, November 7, 2018 (speaker)
- “REITs,” 2018 Kayo Women’s Real Estate Summit, April 24, 2018 (moderator)
- “REITs and Infrastructure Investment,” V&E New York Office, April 18, 2018 (presenter)
- “IRS Issues Guidance on Elective Cash Stock Dividends by REITs,” V&E REIT Update E-communication, August 16, 2017 (co-author)
- “2017 Kayo Women’s Real Estate Investment Summit,” April 24-25, 2017 (speaker)
- “Alternative Capital: 144A Equity Offerings and Special Purpose Acquisition Companies,” V&E Houston Office, February 22, 2017 (speaker)
- REO Investment and Rental Roundtable, June 18, 2012
- “REITs – Past, Present & Future”, American Securitization Forum Annual Conference, January 2012 (Moderator)