Corenia Riley Burlingame and John Dalton bring extensive experience in highly complex tax incentive financing transactions that maximize the value of grants and tax benefits while protecting investments
Manatt, Phelps & Phillips, LLP, a multi-disciplinary and integrated professional services firm, today announced that partners Corenia Riley Burlingame and John Dalton have joined the firm’s impact investing and community development practice in Washington. , DC. Following the arrival of partner Sameer V. Patel in Chicago, the duo further bolsters Manatt’s already strong tax incentive financing capabilities, which include Opportunity Zone, Social Housing, Energy renewables and new market tax credits that drive much of today’s impact investing opportunities and economic development.
“Our fast-growing impact investing and community development team has worked in nearly every corner of this space, representing key stakeholders leading the charge to reinvigorate communities across the country,” said Donna L. Wilson. , CEO and Managing Partner of Manatt. “Corenia and John’s comprehensive skillset bolsters Neil Faden, Megan Christensen and Sameer’s own experience, in addition to that of our extended team, at the intersection of real estate, finance, tax, energy and social impact investing.”
“As developers, lenders and investors place greater emphasis on impact investing opportunities, Corenia and John’s deep understanding of the nuances of each respective transaction, and their impressive track records guiding clients through these issues sophisticated, further solidify Manatt’s position as a leader in these types of tax credit arrangements,” said Faden, head of Manatt’s impact investing and community development practice.
Burlingame represents major industry players in various financing structure matters, such as new construction and preservation contracts funded by low-income housing tax credits. His practice includes assisting clients with dispersed site portfolios of tax credit projects, tax credit agreement arrangements, historical tax credit financing unwinds and year issues. 15. Burlingame also has experience in re-syndicating existing tax credit schemes and has worked on deals that combine low-income housing tax credits with other investment incentives, the state and new markets.
Dalton represents developers, investors and intermediaries in a range of energy credits, new market tax credits and low-income housing tax credits, as well as investments in areas of opportunity, from the planning and structuring phases to closing. He also has extensive experience in post-closing asset management, compliance and restructuring matters.
“Corenia and John’s extensive track record in high-impact transactions in a rapidly changing regulatory and real estate environment will be invaluable to our clients, driving the unprecedented disruption we are seeing in the industry,” said Michael Polentz, responsible for Manatt Real Estate. “Their arrival not only strengthens the firm’s impact investing and economic development capabilities, but also our national interdisciplinary real estate practice, which recently welcomed Lynn Cadwalader, practice leader for hospitality and recreation in San Francisco, and respected East Coast real estate partner Ted Hunter.”
“We are excited to be part of Manatt’s collaborative culture, where lawyers, corporate advisors and consultants work together to deliver innovative solutions across our clients’ different industries,” Burlingame said. Dalton added: “Manatt’s reputation for financing transactions, particularly in the real estate, energy, tax and financial services sectors, is widely respected, so we are delighted to join as the company expands its presence in this burgeoning space.
Burlingame and Dalton are the latest arrivals in the company’s broader national growth strategy as it deepens its capabilities in tax credits for new markets (Patel); real estate (Cadwalader); entertainment and media (Nathaniel L. Bach and Christopher Chatham); healthcare and life sciences (Zoe Barnard, Tara R. Straw, Rachel L. Sher, Dr. Christina Jenkins and Claudia Page); antitrust and competition (David Reichenberg); and tax, benefits and executive compensation (John J. Heber).
Burlingame earned his JD and BA from the University of Virginia. Dalton received his JD from the Washington and Lee University School of Law and his BA from the College of William & Mary.