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Allen P. Ashley

Allen P. Ashley


Allen Ashley concentrates his practice in the areas of US federal income taxation and the laws affecting business entities. 

Allen represents publicly-traded and privately-held multinational corporations and privately-held real estate funds. He is experienced in a broad range of business-related US federal income tax matters, including advising clients with respect to the tax aspects of domestic and international corporate acquisitions, dispositions and other reorganizations (including those involving publicly-traded corporations and REITs); capital market transactions; joint ventures; acquisition, ownership and disposition of real estate; intercompany transfer pricing and general tax planning.

Allen advises clients with respect to the formation of private real estate funds (including those established as REITs) and real estate-related joint ventures. His experience includes representing such funds in negotiations with prospective and existing investors, joint venture partners and providing guidance with respect to investments in general.

Allen’s experience also includes advising clients with respect to a variety of matters related to intercompany transfer pricing, including establishing and restructuring of intercompany transfer pricing policies, preparing intercompany transfer pricing studies and representing clients with respect to controversies with tax authorities related to intercompany transfer pricing.

Bar admissionsIllinois
  • LL.M., Taxation, Georgetown University Law Center 1997
    with distinction
  • J.D., Georgetown University 1996
  • B.A., Political Science, DePauw University 1992


Chambers Global

  • Band 5, USA Private Equity: Fund Formation (2022 – 2024)

Chambers USA

  • Band 5, Nationwide Private Equity: Fund Formation (2021  2024)

The Legal 500 United States

  • Recommended, Private Equity Funds (including Venture Capital) (2022, 2024)



  • Speaker, "The Rise of Permanent Capital Vehicles in Real Estate," 19th Annual Winter Forum On Real Estate Opportunity & Private Fund Investing, January 2023
  • Moderator, "Case Studies: JV Best Practices & Deal Structuring" 17th Annual Winter Forum On Real Estate Opportunity & Private Fund Investing, Laguna Beach, January 22-24, 2020
  • Moderator, "Fundraising 2019," 16th Annual Winter Forum On Real Estate Opportunity & Private Fund Investing, Laguna Beach, January 16-18, 2019
  • Moderator, "LP/GP Shark Tank... Negotiating Terms," 16th Annual US Real Estate Opportunity & Private Funds Investing Forum, New York, June 15-16, 2015
  • Panelist, "Making the First Close a Good Close & the Keys to Re-Upping Your Existing Investors," IMN's 14th Annual NY Real Estate Opportunity & Private Fund Investing Forum, New York, May 30, 2013

Prior Experience

Prior to returning to DLA Piper, Allen spent several years as Senior Tax Counsel for Motorola, Inc. advising on a wide-variety of tax-related matters.