Hogan Lovells landed a senior lawyer from the U.S. Securities & Exchange Commission, adding real estate investment trust expert Michael McTiernan as a partner.
Formerly the head of the real estate group in the SEC's Division of Corporation Finance, McTiernan joined Hogan’s corporate practice Nov. 4. Choosing Hogan, he said, was "very easy," describing the firm as "the market leader in representing real estate investment trusts" and "a perfect fit."
Real estate investment trusts are companies that own and typically operate income-producing real estate such as office buildings and shopping malls. Many are registered with the SEC and are publicly traded; others are registered but not traded. The SEC and FINRA in recent years have gone after the trusts for valuation issues, fees and investor disclosures.
McTiernan spent nearly a decade at the SEC, joining the agency as an entry-level attorney in 2004 from Clifford Chance, where he was an associate. He rose to lead the real estate group, which has 30 lawyers and accountants, holding the title of assistant director.
At Hogan, he’ll serve as a general transactional lawyer with special expertise advising real estate investment trusts (commonly referred to as REITs) and other real estate companies on securities matters, including in connection with initial public offerings, follow-on offerings, mergers and acquisitions, periodic reporting and corporate governance matters, and representing underwriters in connection with securities offerings by real estate companies.
“Mike’s extensive experience and in-depth knowledge of the securities law issues impacting the REIT industry is a terrific complement to our well-established REIT practice,” said Hogan co-CEO J. Warren Gorrell Jr., who is also real estate investment trust specialist, in a statement. “His expertise in federal securities law, combined with his corporate transactional background and securities regulatory experience, will be a huge addition to our corporate team.”