Elizabeth (Liz) L. Banks
Counsel Corporate & Finance
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Overview
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Experience
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Credentials
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Insights and events
Coming from a family of MBAs, business was always in Liz Banks' blood. She found a way to mix her inherited interest in business with her love of law by becoming a corporate attorney.
In her practice, Liz represents large corporations, primarily real estate investment trusts (REITs), on various securities matters, including debt and equity securities offerings, SEC disclosures, stockholder meetings, Section 16 matters, stock market listing standards, and ongoing corporate governance advice. Liz also has a proven record of effectively executing complex transactions, including spin-offs and mergers and acquisitions.
In college, Liz developed a passion for the nonprofit world. She worked for a D.C.-based cancer foundation before heading to law school, where she ran Harvard's Public Interest Auction. She remains passionate about helping nonprofits through her pro bono work.
Representative experience
Regular corporate governance and securities advice to a wide variety of public companies.
Park Hotels & Resorts Inc. on its inaugural and follow-on Rule 144A offerings of an aggregate of US$2.125bn senior secured notes.
Apple Hospitality REIT on its US$300m at-the-market equity offering program.
JBG SMITH Properties on the registration of shares under its dividend reinvestment and share repurchase plan.
JBG SMITH Properties on the renewal of its US$200m at-the-market offering program.
Washington Real Estate Investment Trust on the registration of shares under its dividend reinvestment and share repurchase plan.
Washington Real Estate Investment Trust on the US$300m increase of its at-the-market program, for a total aggregate amount of US$550m of shares.
Various underwriters in connection with an aggregate of US$1bn of senior notes offerings by Life Storage LP.
Underwriters in connection with an offering by Life Storage Inc. of US$349m of common stock.
Park Hotels & Resorts Inc. in connection with the secondary offering by HNA Tourism Group Co. Ltd. of 39.6m common shares and concurrent repurchase of 14m common shares.
Washington Real Estate Investment Trust on its US$150m equity offering.
QTS Realty Trust Inc. on its exchange offer of US$300m senior notes.
NextNav Inc., a leader in next-generation GPS, on its business combination with Spartacus Acquisition Corp., a special purpose acquisition company.
Greystar Real Estate Partners on its US$4.6bn acquisition of EdR and US$1.2bn sale of a portfolio of student housing communities to a Blackstone REIT Inc. and Greystar joint venture.
Park Hotels & Resorts Inc. on its US$2.6bn acquisition of Chesapeake Lodging Trust.
Lockheed Martin Corp. on the combination of its IT and technical services businesses with Leidos in a US$5bn Reverse Morris Trust transaction.
Credentials
- J.D., Harvard Law School, 2014
- B.A., Northwestern University, summa cum laude, 2009
- District of Columbia
- Virginia