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Daniel M. LeBey
Daniel M. LeBey
Partner — Capital Markets and Mergers & Acquisitions
Partner — Capital Markets and Mergers & Acquisitions

Daniel M. LeBey

Daniel M. LeBey
Richmond

901 East Byrd Street
Suite 1500
Richmond, VA 23219

start quote symbolI represent a wide variety of clients, but there’s one common theme among my best clients: creative, hard-working people who have a vision and the drive to make that vision reality. It’s fun to help clients like that realize the dream they’ve created from inception through the whole business life cycle.end quote symbol
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 $233 million Rule 144A offering of common stock

  • Ellington Financial Inc. in its $115 million public offering of Series A fixed-to-floating rate cumulative redeemable preferred stock

  • 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 

  • Ellington Financial LLC in its $86 million investment grade offering of senior notes and subsequent note exchange 

  • 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; its $36 million public offering of common stock; its $50 million ATM program; its $77 million public offering of series A cumulative redeemable preferred stock; its $33 million public offering of common stock; its $81 million public offering of common stock; and its $78 million public offering of common 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

  • 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, 2017−2020
  • Member:  National Association of Real Estate Investment Trusts
  • Member:  Princeton Association of Virginia, President 2007-2009
  • Georgia
  • Virginia
  • “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)