Kate Saltz

Kate advises issuers and underwriters on a wide range of US capital markets transactions, including initial and follow-on public offerings, private placements, and convertible and investment-grade debt issuances. She has particular experience with corporate and securities transactions involving REITs across asset classes, including mortgage, office, industrial, and retail. Kate also advises public companies and boards on corporate governance, Securities Act and Exchange Act disclosure and compliance matters, NYSE and Nasdaq listing requirements and capital raising, investment, and strategic transactions. Chambers USA quotes clients who call her “extremely knowledgeable, very responsive, thoughtful and steeped in securities law” as well as “a fabulous lawyer who is great to work with.”

• Represented Kennedy Lewis Investment Management on the spin-off of a newly created REIT, Millrose Properties, Inc., by Lennar Corporation.
• Represented Chimera Investment Corporation in negotiating and executing a definitive agreement to acquire HomeXpress Mortgage Corp. from certain affiliates of Seer Capital Management and certain management sellers.
• Represented Chimera Investment Corporation in connection with its acquisition of Palisades Group, a US-based alternative asset manager specializing in residential real estate credit.
• Represented Chimera Investment Corporation in its follow-on offering of $74.7 million aggregate principal amount of 9.250% Senior Notes due 2029; its follow-on offering of $65 million aggregate principal amount of 9.000% Senior Notes due 2029; and its follow-on offering of $120 million aggregate principal amount of 8.875% Senior Notes due 2030.
• Represented AG Mortgage Investment Trust, Inc. in its underwritten public offering of $65 million aggregate principal amount of 9.500% Senior Notes due 2029 and in its public offering of $34.5 million aggregate principal amount of the company’s 9.500% Senior Notes.
• Represented MFA Financial, Inc. in its underwritten public offering of $75 million aggregate principal amount of its 9.000% Senior Notes due 2029 and in its public offering of $100 million aggregate principal amount of the company’s 8.875% Senior Notes.
• Represented the initial purchasers in connection with a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, of $575 million aggregate principal amount of 4.375% exchangeable senior notes due 2027 and $575 million aggregate principal amount of 4.125% exchangeable senior notes due 2029, by Rexford Industrial Realty, L.P., a subsidiary of Rexford Industrial Realty, Inc. Also represented the underwriter in connection with a concurrent public offering of $840 million of shares of common stock by Rexford Industrial Reality, Inc. to an existing long-only investor based on the West Coast, which shares were borrowed from third parties by an affiliate of the underwriter, in its capacity as a forward counterparty, and subsequently sold to the underwriter for sale in the offering.
• Represented Pebblebrook Hotel Trust in a private offering of $400 million aggregate principal amount of its 1.625% Convertible Senior Notes due 2030 to qualified institutional buyers in compliance with Rule 144A.
• Represented MFA Financial, Inc. in connection with its establishment of a $300 million common stock at-the-market (ATM) offering program.
• Represented Hersha Hospitality Trust in its $1.4 billion acquisition by KSL Capital Partners.
• Represented the underwriters in connection with a $745 million underwritten public offering of 13,500,000 shares of common stock of Rexford Industrial Realty, Inc.
• Represented Healthcare Realty Trust Incorporated in its combination with Healthcare Trust of America, an $18 billion deal that created one of the nation’s largest owners of medical office buildings.
• Represented NewLake Capital Partners, Inc., one of the cannabis industry’s largest REITs, in its $100 million initial public offering.

• Recommended for Capital Markets: Equity Offerings (2025), Capital Markets: High-Yield Debt Offerings (2025), and Real Estate Investment Trusts (REITs) (2024-2025), Legal 500 United States

• Recognized as a Leader in REITs, USA-Nationwide, Chambers USA, 2024-2025

• Selected as a Rising Star for Securities & Corporate Finance, The Washington Post Magazine and Virginia & West Virginia Super Lawyers Magazine, 2023