John D. Rayis - Skadden, Arps, Slate, Meagher & Flom LLP

John D. Rayis

Listed in Best Lawyers since 2007
Phone: 312-407-0778

John D. Rayis represents clients on a wide range of tax matters, including complex partnership transactions, real estate investment trusts (REITs), debt offerings and restructurings, mergers and acquisitions, entertainment joint ventures and financings, Section 1031 like-kind exchanges, project financings, sale/leaseback transactions and tax-exempt financings. He advises clients on foreign investments in the United States involving the Foreign Investment Real Property Tax Act (FIRPTA) and issues involving tax-exempt organizations.

Mr. Rayis is the tax adviser for various REITs, including the Anderson-Tully Company, one of the first timber REITs; Alexandria Real Estate Equities, Inc.; Apartment Investment and Manage­ment Company, Inc. (AIMCO); Menasha Forest Products Corporation; Newcastle Investment Corp.; Pinnacle Holdings Inc.; and Westfield America, Inc.

Mr. Rayis has represented both investment banks and corporations in various tax-free and taxable acquisitions, spin-offs and financings, including Health Net, Inc. Mr. Rayis advised Oakley, Inc., the well-known eyewear manufacturer, in its $230 million initial public offering.

Mr. Rayis represented the Commonwealth of Puerto Rico and the Puerto Rico Telephone Authority in obtaining an unprecedented private letter ruling that allowed the Telephone Authority to issue $744 million of revenue refunding bonds. He also has advised one of the first wind energy projects in the United States to qualify for a newly enacted tax credit, and has represented various clients with respect to buybacks of power sales agreements.

Mr. Rayis regularly provides tax advice relating to executive compensation and handles federal and state tax controversies. He is a frequent lecturer and panelist at conferences on tax matters.

Mr. Rayis repeatedly has been selected for inclusion in Chambers Global: The World’s Leading Lawyers for Business in the Capital Markets: REITs categoryin Chambers USA: America’s Leading Lawyers for Business as one of America’s leading REIT tax lawyers and in The Best Lawyers in America.

Michigan State University Wayne State UniversityJ.D. University of MichiganLL.M
Advisory Board, Journal of Taxation of Corporate Transactions

Client Comments

"John Rayis is quite simply the best! He has extraordinary knowledge of the tax law and is extremely hard-working, always available. Moreover, he is a great listener, imaginative in solutions, and client-focused. John Rayis is the gold standard for tax lawyers and, indeed, lawyers in general."

"I have worked with many, many tax lawyers over the past 40 years and John Rayis is simply the best. He has the deepest knowledge of the law. He is the most responsive, the most sensitive to ethics, and has the soundest judgment. Skadden is an excellent firm and John is their "shining star"."

"John Rayis is a terrific tax lawyer, especially in the real estate field. He combines an intricate knowledge of the tax law with commercial sensibility to deliver superior results. He is a brilliant strategist and makes everyone feel like they are his only client."

"John Rayis combines great subject knowledge with extraordinary client service. He is the "gold standard" by which we measure other, first-rate lawyers."

-Terry Considine
Apartment Investment and Management Company

Office Location

155 North Wacker Drive
Chicago, IL 60606
United States

Practice Areas

Tax Law (Mergers & Acquisitions, REITs, Restructurings, Transactions)