John D. Rayis

Of Counsel

John Rayis represents clients on a wide range of tax matters, including complex corporate and partnership transactions, mergers and acquisitions, REITs, debt offerings and restructurings, joint ventures and financings, Section 1031 like-kind exchanges, project financings, sale/leaseback transactions and tax-exempt financings. He also advises clients on foreign investments.

Mr. Rayis has served as the tax adviser for companies in a variety of industries, including cell towers, timber companies, data centers, private corporate prisons, health care operators and financial services firms. Mr. Rayis also has served as the tax adviser for the Fortress Investment Group and its various REITs and RICs, private equity funds and international portfolio companies. He has represented companies as diverse as Moelis & Company in its "Up-C" initial public offering, as well as sunglass manufacturer Oakley Inc., Care Investment Trust Inc. and Quadra Realty Trust, Inc. in their IPOs and listings on the New York Stock Exchange.

Mr. Rayis represented Global Signal, the first cell tower REIT, and The Anderson-Tully Company, the first timber REIT. In addition to advising a majority of public timber companies, Mr. Rayis represented HCP, Inc., one of the nation’s largest health care REITs, in several recent acquisitions and securities offerings. He also represented CBS Outdoor Americas Inc. in its REIT conversion, initial public offering, and tax-free split-off from CBS Inc., and Crown Castle International Corp. in its REIT conversion. He also has represented the following companies: Alexandria Real Estate Equities, Inc. (lab space); American Capital Agency Corp. (mortgage); American Land Lease, Inc. (mobile homes); Apartment Investment and Management Company (AIMCO) (apartments); Babcock & Brown GPT REIT Inc. (retail centers); Care Investment Trust Inc. (diversified); CyrusOne/Cincinnati Bell (data centers); The GEO Group (prisons); JER Investors Trust, Inc. (mortgage); Longview Fibre Company (timber); Menasha Forest Products Corporation (timber); Nationwide Health Properties, Inc. (health care); Newcastle Investment Products Corp. (hybrid); Penn National Gaming, Inc. (gaming); Potlatch Corporation (timber); Quadra Realty Trust, Inc. (mortgage); Springleaf REIT (mortgage); Starwood Properties, Inc. (diversified); Western Asset Mortgage Capital Corporation (mortgage); and Westfield America, Inc. (shopping malls).

Mr. Rayis repeatedly has been selected for inclusion in Chambers Global: The World’s Leading Lawyers for Business in the Capital Markets: REITs category, in Chambers USA: America’s Leading Lawyers for Business as one of America’s leading REIT tax lawyers and in The Best Lawyers in America. He also is admitted to practice before the U.S. Supreme Court.

Bar Admissions



LL.M., University of Michigan, 1980

J.D., Wayne State University, 1979 (cum laude)

B.S. and B.A., Michigan State University, 1977 (with Honors)


Member, Advisory Board, Journal of Taxation of Corporate Transactions

Clinical Assistant Professor, University of Southern California, School of Business Administration (1992)


Chairman, Corporate Tax Section, Los Angeles County Bar Association (1992-1993)