David W. Bonser
Partner
Washington, D.C.

Biography
David is the Global Managing Partner of the Corporate
practice and Global Co-Head of the REIT practice. Hehas advised public and private companies on corporate,securities, and partnership transactions for more than
30 years. He has advised issuers and underwriters inmore than 100 public and private capital-raisingtransactions, with a particular focus on helping realestate companies raise capital.

Phone

In his public company capital markets practice, David
guides companies through complex initial publicofferings (IPOs), helping them raise equity and debtcapital as public companies, and providing generalsecurities law and governance advice once they arepublic. In his private capital markets practice, he advises
clients on private placements and private equity fundformations.

PracticesDavid also has broad experience in public and private
mergers and acquisitions (M&A) and joint ventures forreal estate companies, serving as the primary counsel
in numerous high-profile transactions over the past 15years. He has represented buyers, sellers (including
special committees of public company boards),
partners, and financial advisors.
David has been focusing on real estate investment trust(REITs) since before they were cool; he has been at theforefront of the REIT industry since it took off in theearly 1990s. He has served as counsel to issuers andunderwriters for dozens of public company REITs. He is+1 202 637 5868

Fax
+1 202 637 5910

Emaildavid.bonser@hoganlovells.com

Capital Markets
Corporate Governance and PublicCompany Representation
Investment Funds
Mergers and Acquisitions
Securities and Public CompanyAdvisory
Private Equity
REITsIndustries
Real Estate
Financial Institutions
Private Capitala regular speaker at industry events, and has beenranked for years in Tier 1 for REITs in both Chambers
and Legal 500.

Representative experience
The JBG Companies in its US$10bn merger and spinoff transaction with Vornado Realty Trust to create JBG
SMITH Properties.
Colony NorthStar in its US$5.5bn tri-party merger
transaction with NorthStar Real Estate Income Trust Inc.
and NorthStar Real Estate Income II Inc.
The Special Committee of the Board of Directors ofPhillips Edison Grocery Center REIT II Inc. in its
US$8.6bn merger transaction with Phillips Edison &Company Inc.
Bell Partners Inc. in the formation of three real estate
investment funds raising more than US$1.2bn.
Bank of America Merrill Lynch, Morgan Stanley, andother underwriters as underwriters' counsel in theUS$250m IPO by Hudson Pacific Properties.
QTS Realty Trust in its US$300m IPO and multiple
subsequent follow-on common stock, preferred stock,and debt offerings.
RLJ Lodging Trust in its merger transaction with FelCor
Lodging Trust, creating one of the largest lodging REITs
with a combined enterprise value of US$7bn.
Industrial Income Trust in its US$6.4bn sale to Global
Logistic Properties.
Kite Realty Group Trust in its US$2.1bn acquisition ofInland Diversified Real Estate Trust.
RLJ Lodging Trust in its US$570m IPO and multiple
subsequent follow-on common stock offerings.
J.P. Morgan, Citigroup, and other underwriters as
underwriters' counsel in the US$300m IPO by Retail
Properties of America.

Awards and rankings

Areas of focus
Raising Equity Capital
Stock Exchange Listings andRegulatory Compliance
Initial Public Offerings
Disclosure and Reporting
Obligations
Real Estate Funds
Public Company Mergers andAcquisitions
Special Committee and IndependentDirector Representations

Education and admissions
Education
J.D., The University of Texas Schoolof Law, with honors, 1987
B.A., Duke University, cum laude,
1984

Memberships
Member, American Bar Association
Member, National Association ofReal Estate Investment Trusts

Bar admissions andqualifications
District of Columbia

Accolades'David Bonser … is great, fantastic
judgment and quite practical.'Client quoted in Legal 500 US 2021

Dealmaker of the Year, The American Lawyer, 2023
Real Estate: Real Estate Investment Trusts (REITs), Hallof Fame, Legal500 US, 2024
REITs (Nationwide), Chambers USA, 2007-2024
Finance: Capital Markets: Debt Offerings,Recommended, Legal 500 US, 2011-2023
Finance: Capital Markets: Equity Offerings,
Recommended, Legal 500 US, 2012-2024
Real Estate: Real Estate Investment Trusts (REITs),Leading Lawyer, Legal 500 US, 2008-2022
Real Estate MVP, Law360, 2021
Capital Markets: Debt, Notable Practitioner, IFLR1000,
2020-2021
Capital Markets: Equity, Notable Practitioner,
IFLR1000, 2020-2021
Real Estate, Notable Practitioner, IFLR1000, 20202021
M&A/Corporate and Commercial: M&A: Large Deals($1bn+), Recommended, Legal 500 US, 2018-2020
M&A/Corporate and Commercial: Shareholder
Activism: Advice to Boards, Legal 500 US, 2019

Latest thinking and eventsNews
Mandatory compliance nears for remaining Section
13 reporting requirements
NewsHighlights of new SEC rules on climate-related
disclosures
NewsAgencies issue guidance on delayed SEC reportingof material cybersecurity incidents
Press releases
Hogan Lovells welcomes more than 30 partners
and senior counsel from Stroock
Insights and Analysis
SEC amends large shareholder reporting rules'David Bonser has become the elder
statesman of the practice and given
his breadth of experience, isexceptional in front of a board when
dealing with 'bet the company'transactions.'

Client quoted in Legal 500 US 2023
‘David Bonser heads the [REITs]
group. He is great, combining
experience and judgement to giveus thoughtful guidance.’

Client quoted in Legal 500 US 2023
'David Bonser [is a] fantastic teamleader and statesman.'

Client quoted in Legal 500 US 2022
David Bonser is lauded for his
expertise spanning REIT IPOs andother capital markets transactions.

Chambers USA 2023
'David is extremely experienced, agreat team leader, a great
communicator and has unparalleledknowledge and experience in theREIT and real estate sector.'

Client quoted in Chambers USA
2022'David is one of the best M&A
professionals in the REIT space. He
advises on some of the mostNews
SEC adopts significant new cybersecurity
disclosure requirementscomplicated tax, structuring andREIT matters and does so flawlessly.
He works tirelessly around the clock
to ensure that documents arenegotiated quickly and efficiently.'

Client quoted in Chambers USA
2023'He is an outstanding lawyer; he issmart, business-focused and overallvery impressive.'

Client quoted in Chambers USA
2024'He is a pleasure to work with –experienced, measured andunderstands what it takes to get adeal done.'

Client quoted in Chambers USA
2022
The 'spectacular' David Bonser isknown to peers as an 'extremely
experienced real estate securities
partner.' His clients, private andpublic real estate companies, turn tohim for corporate, securities, andpartnership transactional counsel,
on matters such as IPOs, offerings,and governance.

Chambers USA 2018