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Shiukay Hung

Shiukay Hung

Partner
Co-Chair, National REIT Tax Practice
Shiukay is a very bright tax attorney in the REIT space.
Chambers USA
About

Shiukay Hung is Co-Chair of DLA Piper’s National REIT Tax Practice and a partner in DLA Piper's Investment Management and Real Estate Capital Markets Practice resident in the New York office. His primary focus is the real estate industry and particularly REITs (e.g., private REITs, public non-traded REITs/NAV REITs, US listed REITs, and Singapore listed REITs). Shiukay is recommended by Chambers USA 2023 and Legal 500 United States 2023 as a leading lawyer.

Drawing upon his experience as a lawyer in Canada and Asia, Shiukay is particularly sensitive to the tax considerations of non-U.S. investors. Shiukay is experienced in the acquisition, disposition and operation of real estate assets through fund, REIT and joint venture vehicles and has provided extensive advice on such matters to sovereign wealth funds, foreign pension funds, and other non-U.S. investors.

With over 15 years of experience, both as an in-house attorney and in private practice, Shiukay provides clients with practical advice on complex transactions that draws on his deep industry knowledge. He is actively involved in bar associations and industry groups including the Real Estate Round Table, the Institute for Portfolio Alternatives (IPA), and the National Association of Real Estate Investment Trusts (Nareit). He is a frequent legal commentator and has spoken before various audiences and media outlets including Bloomberg, Law360, SS&C, the American Bar Association, Tax Notes, the American Institute of CPAs, the Harvard Law School Association of New York City, Strafford, the Private Equity Law Report, and the Tax Executives Institute. He has also written for LexisNexis and the Real Estate Finance Journal.

Areas of FocusReal EstateTax
Bar admissionsBritish ColumbiaNew York

EXPERIENCE

  • Represented a non-US pension fund in its $0.5B acquisition and related financing of a life science building portfolio in California from a US real estate private equity fund 
  • Represented a non-US pension fund in its $2B sale of an office building in New York to a Fortune 500 company
  • Represented a non-US pension fund in its programmatic joint venture for the acquisition, financing and development of $1B of industrial outdoor storage/service facilities throughout the US
  • Represented a non-US pension fund in its investment in a mortgage REIT
  • Represented a US real estate private equity fund in its sale and equity and debt recapitalization of a portion of its $1B development of a mixed-use development in Boston
  • Represented a US real estate private equity fund in its joint venture for the acquisition of hyperscale data centers 
  • Represented a non-US fund sponsor in its $300 million acquisition of a residential building in New York City through a privately-held REIT
  • Represented a public non-traded REIT in its $4B acquisition by a US real estate private equity fund
  • Represented several US sponsors in their launch of NAV REITs
  • Ongoing representation of REITs listed on the Singapore Exchange (SGX) that own a portfolio of US real estate
Education
  • Harvard Law School, LL.M.
    University of British Columbia, J.D., Wesbrook Scholar
    University of British Columbia, B.Sc., Honors

Awards

Shiukay is recommended by Chambers USA 2023 and Legal 500 United States 2023 as a leading lawyer.

  • Chambers USA
    • Band 3, Nationwide REITs: Tax (2023)
  • Legal 500 United States
    • Leading Lawyer, REITs (2023)
    • Recognized, Real Estate Investment Trusts (REITs) (2022 - 2023)

Clients say:

Chambers USA

  • "Shiukay is a very bright tax attorney in the REIT space."
  • "He is very easy to work with, technical and practical."

Legal 500 United States

  • "Shiukay has years of experience and great insights in dealing with REITs. He is a deep thinker that was always willing to help solve difficult questions, and constantly producing publication to help clients and peers navigate complex REIT rules. I have in many occasion inquired Shiukay on various issues I have encountered in transactions involving REITs and have always be very grateful for Shiukay's advice."
  • 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."
  • "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."
  • "I enjoy working with Shiukay Hung who is experienced and practical."

Bylines

Seminars

Media Mentions

Memberships And Affiliations

  • Board Member, Harvard Law School Association of New York City
  • Member, Real Estate Roundtable, Tax Policy Advisory Committee
  • Member, Institute for Portfolio Alternatives (IPA), Tax Policy Task Force
  • 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, American Bar Association, Section of Taxation
  • Member, New York State Bar Association, Tax Section

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