Megan C. Riess
t: (504) 586-5258
f: (504) 310-0258
Megan Riess is a partner in our Business Section.
Megan’s primary areas of practice are commercial finance, real estate finance, public finance, corporate finance, and corporate transactions.
Megan has experience representing borrowers, lenders, and public bodies in the structuring, negotiation, and documentation of credit facilities and bond transactions. Megan has represented clients in numerous commercial transactions utilizing a variety of economic development financing incentives, including state and federal new markets tax credits, state and federal historic rehabilitation tax credits, Louisiana film tax credits, Louisiana angel investor tax credits, state and federal renewable energy tax credits and grants, community development block grants, HUD-insured loans, and tax credit bonds. Megan has also represented clients in corporate matters such as formation, capitalization and financing, negotiation and drafting of operating agreements, and other organizational documents. Prior to joining the firm, Megan practiced at Richards, Layton and Finger, P.A. in Wilmington, Delaware, where her practice focused on securitizations and other structured finance transactions.
Megan is a member of the American Bar Association, the Delaware State Bar Association, and the Louisiana State Bar Association. She serves as the Vice Chair of the Government Incentives Committee for the ABA’s Real Property, Trusts and Estates Section, and the Chair of the Programs for CREW New Orleans.
J.D., magna cum laude, from Tulane University of Law, 2006
- Member of the Moot Court Board
- B.S. Finance from University of Delaware, 2003
Publications / Presentations
- ABA Real Property, Trust and Estate Section Fall Leadership Meeting, November 2013, Hot Topics presentation on new markets tax credits and historic tax credits
- Novogradac & Company New Markets Tax Credit Conference, October 2013, presentation on State New Markets Tax Credits
- Novogradac & Company New Markets Tax Credit Conference, October 2012, presentation on using New Markets Tax Credits to finance green energy transactions
- ABA Real Property, Trust and Estate Section CLE, September 2012, presentation on Using New Markets Tax Credits to Bridge Financing Gaps in Real Estate Transactions
- Propeller/HUB NOLA forum, Spring 2012, presentation on Louisiana Public Benefit Corporations
- CREW New Orleans, 2011 March meeting, presentation on the financing of the Saenger Theater and December 2010 meeting, presentation on the financing of Champions Square
- Adjunct professor for “Drafting Corporate Documents” seminar at Loyola University of New Orleans College of Law, 2009-2012
- Representation of lender in $130 million financing of hotel, residential apartments and parking garage using conventional financing, federal and state new markets tax credits and federal and state historic tax credits
- Representation of the State of Louisiana in its deployment of over $100 million of Community Development Block Grants and Capital Outlay dollars into new markets tax credit financings, including, a $53 million financing of the renovation of a theater using new markets tax credits, historic tax credits, and Louisiana musical and theatrical tax credits; $79 million financing of the construction of a hospital using new markets tax credits, state capital outlay funds and bonds; and $18 million financing of the construction of a military academy using new markets tax credits, historic tax credits, qualified school construction bonds and qualified zone academy bonds
- Representation of a community development entity which has received over $220 million in new markets tax credit allocation in various transactions, including a $112 million financing of the acquisition and development of a biosuccinic acid manufacturing facility using new markets tax credits, USDA guaranteed bonds and a department of energy grant; $40 million financing of a biomass facility using federal and state new markets tax credits and bonds; and $39 million financing of a bio plastics manufacturing facility using new markets tax credits and bonds
- Representation of SMG, manager of the properties owned by the Louisiana Stadium and Exposition District, including the Mercedes-Benz Superdome and New Orleans Arena. Representative matters include the negotiation and documentation of the lease of the New Orleans Arena by the State of Louisiana to the New Orleans Pelicans and the negotiation and documentation of leases and system agreements for a cellular phone service system with AT&T and a WiFi system with Verizon, and other carrier users, for the Superdome, Arena and Champions Square
- Representation of nonprofit corporation as borrower in the financing of the organization’s residential rehabilitation programs using federal and state new markets tax credits, HOME grants and Neighborhood Stabilization Program 2
- Representation of the New Orleans Redevelopment Authority as lender in new markets tax credit transactions exceeding $50 million, including the redevelopment of commercial property in the Broad Street corridor for Whole Foods, using new markets tax credits and Fresh Food Retailer Initiative funding