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Shiukay Hung

Shiukay Hung

Partner
Co-Chair, National REIT Tax Practice
What distinguishes the practice is its top-rate REIT tax offering, spearheaded by Shiukay Hung from New York. Hung, who is praised as possessing 'a deep understanding of the technical REIT tax rules,' regularly advises investors and is sought out to act as special REIT tax counsel on major transactions.
— The Legal 500 United States
New York
About

Shiukay Hung is a Partner in the New York office of DLA Piper and serves as Co-Chair of the firm's National REIT Tax Practice. He is widely recognized as a leading tax lawyer by both Chambers USA and The Legal 500 and is frequently engaged as special tax counsel on high-profile transactions.

Shiukay advises Canadian pension funds, other non-US investors, and asset managers on complex cross-border tax matters. His experience includes joint ventures, fund formation, REIT formation and operations, mergers and acquisitions, private credit transactions, debt workouts, and restructurings. Known for his practical, industry-focused advice, Shiukay helps clients navigate sophisticated tax issues with an emphasis on best practices.

As a recognized authority on tax matters, Shiukay's insights have been featured in publications such as Bloomberg, Law360, Tax Notes, the Private Equity Law Report, LexisNexis and the Real Estate Finance Journal. He is also a contributing author to the treatise "The AFIRE Guide to U.S. Real Estate Investing: What Global Investors Need to Know About Commercial Real Estate Acquisition, Management, and Disposition," published by McGraw-Hill (4th ed., 2023).

Areas of FocusTaxReal EstateInvestment Management and Funds
Bar admissionsBritish ColumbiaNew York

EXPERIENCE

  • Represented a Canadian pension fund on a US$15 billion joint venture to build a data center portfolio throughout the US using a private REIT structure
  • Represented a Canadian pension fund in its programmatic joint venture for the acquisition, financing and development of US$1 billion of industrial outdoor storage/service facilities throughout the US through a private REIT structure
  • Represented a Canadian pension fund in a joint venture to originate and/or acquire between US$500 million and US$700 million of debt investments, including mortgage loans, mezzanine loans and subordinated debt
  • Ongoing representation of several Canadian pension funds in their US credit platform
  • Ongoing representation of non-traded mortgage REITs and non-traded equity REITs including programs sponsored by Ares, EQT, and Goldman Sachs
  • Represented a lead investor in Lineage, Inc.'s (NASDAQ: LINE) US$4.4 billion IPO, the largest IPO of 2024
  • Represented Resource REIT, Inc. in its US$3.7 billion cash merger with Blackstone Real Estate Income Trust, Inc.
  • Ongoing representation of several REITs listed on the Singapore Exchange (SGX) that own a portfolio of US real estate through a US REIT
  • Represented Pennsylvania Real Estate Investment Trust (NYSE: PEI) (now PREIT Realty) in its financial and corporate restructuring under Chapter 11 of the US Bankruptcy Code
Education
  • LL.M., Harvard Law School
  • J.D., University of British Columbia
    Wesbrook Scholar
  • B.Sc., University of British Columbia
    with honors

Awards

Chambers USA

  • Band 2, Nationwide REITs: Tax, (2025)
Clients Testimonials
  • "Shiukay is an extremely thoughtful and thorough tax attorney. He has a sophisticated practice."
  • "Shiukay is an incredible lawyer. He is thorough, meticulous and responsive."
  • "Shiukay is a very knowledgeable counsel and makes well thought-out suggestions."

The Legal 500 United States

  • Leading Partner, REITs, (2025)
  • Next Generation Partner, Tax: Financial Products, (2025)
  • Recommended, US Taxes: Non-Contentious, (2025) 
Client Testimonials
  • "Shiukay Hung, who leads the practice, is one of the most well-respected practitioners in this space. He has a deep understanding of the technical REIT tax rules and delivers thoughtful and practical advice to his clients. I rely heavily on his expertise and judgement with respect to REIT-related issues."
  • "The REIT tax team led by Shiukay Hung is one of the top REIT-focused tax practices in the country."
  • "The DLA REIT practice in NY is anchored by Shiukay Hung who is one of the premier REIT tax practitioners in the country. He is practicable, easy to work with and given his extensive REIT knowledge finds solutions to problems before they even arise."
  • Shiukay is "top-notch in tax knowledge, razor-sharp in thinking, and is able to explain tax issues to you in such a way that makes you feel you're smarter than you actually are."

Publications

Seminars

Media Mentions

Memberships And Affiliations

  • Co-chair, Institute for Portfolio Alternatives (IPA), Tax Policy Subcommittee
  • Member, Real Estate Roundtable, Tax Policy Advisory Committee (TPAC)
  • Member, Tax Club
  • Member, New York Committee of Realty Trust Tax Lawyers
  • Member, National Association of Real Estate Investment Trusts (Nareit), Federal Tax Subcommittee
  • Member, Association of Foreign Investors in Real Estate (AFIRE)

My latest insights

Publication
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REIT Tax News - June 2025

5 June 2025 .1 minute read

Publication

House passes sweeping tax bill: Top points for the investment funds industry

22 May 2025 .4 minute read

Publication

Key updates to the House Committee on Ways and Means’ proposed tax bill

13 May 2025 .4 minute read

View All

Connect

Phone

+1 212 335 4525
(Work, New York)
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