About

Mitchell Snow joined Adler & Stachenfeld LLP in 2023 and is a partner and Chair of the Tax Practice.  His work covers a range of tax transactions, including advising REITs and other tax-exempt entities regarding the tax consequences of their investment strategies and other activities.  Mr. Snow regularly advises institutional owners, operators, investment managers, and developers on tax aspects of joint ventures, financings, developments, acquisitions, dispositions, and restructurings with respect to real estate and other assets throughout the United States.

Mr. Snow assists clients with the structuring of real estate and other investment funds, with a particular focus on 1031 tax-deferred exchanges and New York transfer taxes.

Mr. Snow is a graduate of the University of Pennsylvania Law School and received his LL.M. from New York University School of Law.  He is admitted to practice in New York and New Jersey.

Representative Matters:

  • Act as lead tax counsel to the Ground Lease REIT, which is managed by Montgomery Street Partners, as the purchaser and ground lessor, in hundreds of millions of dollars of ground lease transactions, including sale-leasebacks of several stabilized industrial, commercial and hotel properties throughout the top 50 MSAs in the US.
  • Act as U.S. tax counsel for an international law firm in connection with capital markets transactions, both debt and equity, for issuances on various exchanges around the world, principally in Europe and Asia.
  • Advise national defense client on fund formation and in structuring US real estate operations.
  • Advise large institutional investor in private REIT and UBTI-related matters subsequent to advising on the restructuring of its $43 billion private real estate fund.
  • Advised Almanac Realty Investors (a business unit of Neuberger Berman) on tax and REIT aspects of a $300 million capital allocation, targeted for acquisitions of industrial parks and truck logistics facilities. Advice included structuring the management company, devising the fund structure, and structuring tax-efficient transfers between entities involved in the transaction.
  • Advised hedge fund in connection with the origination of a $275 million construction loan to expand a film studio in the Southeast United States. Provided REIT and tax analysis on implications of the loan as the structure evolved.  
  • Advised fund in connection with a tax-efficient internal restructuring for recompilation of a 19-property self-storage portfolio located in multiple states with disparate investors, and on a tax-efficient rollover of sponsor equity into a new joint venture.

Recognitions:

  • Chambers New York, Tax: Associates to Watch

Publications:

Media:

Trump Tax Changes Could Significantly Impact CRE, GlobeSt.