Edward J. Hannon, Partner

Biography

Ed Hannon is a member of the firm’s Business Law Practice Group. He regularly works with institutional investors, high-net-worth individuals, and real estate companies in developing and implementing tax-oriented structures in real estate transactions. Mr. Hannon also provides tax and structural advice in connection with various transactions involving the acquisition and disposition of U.S- based businesses.

Mr. Hannon has represented real estate owners and investors in real estate projects located throughout the U.S. in addressing various tax, governance, and entity formation issues. Mr. Hannon has assisted real estate owners in structuring and implementing various structures designed to facilitate tax-free like-kind exchanges under Section 1031 of the Internal Revenue Code, including the Delaware statutory trust structure and various post-exchange refinancing techniques. Mr. Hannon also has significant experience in adopting various structures for repositioning and recapitalizing property owned under the tenant in common structure in a tax-free manner.

As a member of the Quarles & Brady real estate investment trusts (REITs) team, he provides counsel on various tax and structural issues related to tax-free and partially tax-free “sales” of real estate to a REIT, and he regularly works with members of the Quarles & Brady real estate practice in addressing various tax issues that typically arise in the leasing, refinancing, and acquisition of real estate by a REIT. He has also worked with a number of operating businesses that hold significant real estate assets in examining whether a REIT spin-off transaction is appropriate for their business operations.

Mr. Hannon has also represented a number of non-U.S. real estate companies and investors in implementing various structures designed to minimize U.S. tax costs in connection with the direct acquisition of real estate in the U.S. and with the indirect acquisition of U.S. real estate through a real estate partnership or joint venture. In representing non-U.S. parties who are acquiring U.S. real estate, he has significant experience in coordinating the efforts of U.S. legal counsel with the client’s U.S. and non-U.S. tax advisors in implementing global tax-oriented strategies.

In connection with his work in providing tax and structural advice for transactions involving the acquisition and disposition U.S.-based business entities, Mr. Hannon has represented buyers and sellers in connection with the use of various tax deferral techniques that involve limited liability companies or other flow-through tax entities for the tax-free rollover of top management’s equity investment in the acquired company. He has also worked with clients in developing and implementing various tax-oriented structures for the recapitalization of existing businesses owned by an S corporation.

Mr. Hannon has significant experience in tax-free mergers and acquisitions and corporate spin-off transactions and is regularly involved in the drafting and negotiation of various tax sharing agreements used in acquisitions of U.S.-based businesses. He has represented companies based in the European Union in connection with their business activities in the U.S. Recently, Mr. Hannon has advised companies based in Germany, Sweden, Denmark, and Ireland in the development and implementation of various structures for the sale of a U.S. business and in connection with the expansion of their business platform in the U.S.

Mr. Hannon has been recognized as a “Leading Lawyer” in the areas of International Business and Trade Law, Real Estate Law, and Finance and Tax Law in 2009, 2010, 2011, 2013, and 2014 and was recognized as part of the “Irish Legal 100” in 2010, 2011, and 2012. Mr. Hannon is a member of the adjunct faculty at the DePaul University Graduate School of Business where he teaches a course on tax and structural planning for real estate transactions to graduate students pursuing their MBS in real estate.

Legal Services

Education and Honors

  • Northwestern University, Kellogg School of Management, Certificate, Quarles & Brady Leadership Program (2016)
  • St. Louis University (B.S.)
  • Loyola University Chicago School of Law (J.D.)
  • Georgetown University Law Center (LL.M., with distinction)
    • Certified Public Accountant, Illinois.

Bar Admissions

  • Illinois

Court Admissions

  • U.S. Tax Court

Professional and Civic Activities

  • Adjunct faculty at the DePaul University Graduate School of Business (1998 - present)
  • Illinois CPA Society, (Board of Directors, 2009 - present; Chairperson 2015-2016)
  • Illinois State Bar Association, Federal Tax Section (Past-Chair, 2002 - 2003)
  • Ireland Network of Chicago (Member)

Professional Recognition

  • Leading Lawyers - International Business and Trade Law, Real Estate Law and Finance and Tax Law - 2012 (cited in multiple years)
  • Irish Legal 100 - 2012 (cited in multiple years)
  • Illinois Super Lawyers - 2014, 2015, 2016 (cited in multiple years)
  • Recipient of the Distinguished Alumni Medal from St. Ignatius College Prep (2008)