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Reed Smith advises public REIT in $620 million Denny's take-private deal

MIAMI - Global law firm Reed Smith advised a public real estate investment trust (REIT) on its acquisition of a nationwide portfolio of restaurant properties as part of a $620 million take-private acquisition of Denny's Corp. The transaction closed in the first quarter of 2026 and required the Reed Smith team to perform expedited due diligence on over seventy properties during a two-week review period. Reed Smith provided advice on various real estate, state tax, corporate and franchise issues.

The deal team included attorneys from the Real Estate, State Tax, Global Corporate, and Global Commercial Disputes groups. The team was led by Alexandra Sheedy-Rodriguez and included Molly Marshall, Maria Marcano-Alvarez, Steve Lyons, Michael Jacobs, Jennifer Cuddy, Meredith Hartley, Michael S. Lee, Aryeh Younger, Nathaniel Ku, Kim Brodhead, Talford (“T.J.”) Thompson, C. Andrew (“Drew”) Robinson, Lucas Faria, Fernanda Lopes de Alcantara Gil, and Conor Cassidy.

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Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, we deliver smarter, more creative legal services that drive better outcomes for our clients. Our deep industry knowledge, long-standing relationships and collaborative structure make us the go-to partner for complex disputes, transactions, and regulatory matters.

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