Hogan Lovells counsels W. P. Carey in NLOP spin-off

Press releases | 03 November 2023

Washington, D.C. 3 November 2023 – A team from global law firm Hogan Lovells advised W. P. Carey, a real estate investment trust (REIT) on tax matters related to the company’s spin-off of Net Lease Office Properties, a separate, publicly-traded REIT that will be listed on the New York Stock Exchange under the symbol “NLOP”. More details about the spin-off, which closed 1 November 2023, can be found here.

Under the terms of the spin-off, the company’s stockholders received one NLOP common share for every 15 shares of W. P. Carey common stock held as of 19 October 2023.

The Hogan Lovells team included Lauren Clarke (New York), Cristina Arumi, Jasper Howard, Maral Clay and Billy Clinton (all Washington, D.C.).

Additionally, a team led by partners Michael McTiernan (Washington, D.C.) and Henry Kahn (Baltimore, MD) assisted with Maryland law matters related to the transaction.