Anastasios G. Kastrinakis

Areas of Practice

• Taxation
• Taxation of Mergers and Acquisitions
• Investment Fund Formation
• Private Equity

Representative Matters

• Represented American Racing and Entertainment, the owner and operator of Tioga Downs Casino Resort and Vernon Downs Casino Hotel, in its $175 million sale and leaseback of the real estate assets of Tioga Downs to Gaming and Leisure Properties, Inc. (NASDAQ: GLPI), a real estate investment trust focused on owning real estate property that is leased to gaming operators.

• Represented Fultra, a Mexico-based provider of motor transportation equipment and parts in North America and parent company of Fruehauf, in its acquisition of East Manufacturing, an aluminum trailer maker.

• Represented a major engineering company in its multimillion-dollar acquisition of a New York-based grandfathered professional engineering corporation via a simultaneous signing and closure of a stock purchase agreement.

• Represented StoneMor Inc. in its sale of $400 million in senior secured notes to Jefferies LLC as initial purchaser in a Rule 144A private placement transaction; the notes were guaranteed by more than 125 StoneMor subsidiaries operating in 24 states and Puerto Rico.

• Represented foreign individuals and family offices (from, among other jurisdictions, China, Chile, Hong Kong, Singapore, Brazil, Mexico and Canada) in creating tax-efficient structures for direct and passive real estate and other investments in the U.S.

• Advised offshore investment funds on U.S. income tax aspects of real estate and other projects located in the U.S., including structures involving trusts and blocker entities.

• Represented Borrachas Vipal S.A., a Brazilian manufacturer of rubber and other tire materials, in the U.S. corporate and tax aspects of its multi-million-dollar acquisition of a controlling stake in Marangoni Tread North America, Inc., a manufacturer of tire retreading solutions for commercial trucking fleets, to form a leading global independent player in the retreading sector, as part of Vipal’s global relationship with Marangoni S.p.A.

• Represented 2120 East York LLC, the borrower/developer of 54 units of market rate housing in Philadelphia, in a transactional joint venture to create three separate, qualified opportunity zone funds, which in turn invested in a Qualified Opportunity Zone Business (“QOZB”) where a lender to the transaction, PNC Bank, also invested equity in the QOZB.

• Represented growth capital investor Lone Pine Capital in its $292 million secondary fundraising for the UK-based cross-border money transfer service TransferWise Ltd., reaching a $3.5 billion market cap and making TransferWise Europe’s most valuable FinTech start-up.

• Assisted Public Health Management Corporation (PHMC) in leasing 100,000 square feet of space at 4601 Market Street, an historic 300,000+ square foot building, and in structuring a joint venture investment for PHMC with Iron Stone Partners in the adaptive reuse of the remainder of the property, utilizing historic and new market tax credits to create a neighborhood medical center and office complex.

• Represented a nuclear waste disposal company in the sale of a business unit (S corporation) to a nuclear services provider.

• Represented a multifamily family office in its $92 million acquisition and financing of a multi-level, 350,000 square foot shopping mall in Silver Spring, Maryland; provided tax and fund formation assistance concerning tax structuring and equity financing and advised on tax aspects of joint venture agreement with the developer.

• Represented one of Brazil's largest asset management companies in connection with organizing an offering of interests in a U.S. joint venture and forming the structure for Brazilian investors with respect to the multi million-dollar acquisition of a 422,000 square-foot office park in Redmond, Washington, including advising on tax aspects of joint venture agreement with the sponsor of the acquisition.

• Represented Chinese private equity fund on fund formation and tax structuring for non-US investors and addressed tax issues of joint venture with US-based developer for real estate project.

• Represented Brazilian family office on joint ventures and tax structuring for investment in US real estate and mezzanine financing vehicles.

• Represented Goldman Sachs Lending Partners in a $700 million Senior Secured First Lien Term Loan Facility and $50 million Senior Secured First Lien Revolving Facility together with other security, credit, hedging and financing, resulting in an aggregate principal financing estimated to be $1.1 billion, with funding to be used to restart an oil refinery in the U.S. Virgin Islands.

Admissions

• New York
• Florida

Education

• New York University School of Law, LL.M., Taxation, 2005
• University of Miami School of Law, J.D., cum laude, 2004
• Cornell University, A.B., Economics, 2001

Experience

• Duane Morris LLP
  - Partner, 2016-present
• Carlton Fields Jorden Burt P.A.
  - Shareholder, 2016
  - Associate, 2012-2016
• DLA Piper LLP
  - Associate, 2006-2011
• Deloitte Tax LLP
  - Junior Associate, 2005-2006

Selected Publications

• Co-author, "The Long-Awaited Chile-U.S. Income Tax Treaty Is Finally Making It to the Finish Line," Duane Morris Alert, June 29, 2023
• Co-author, "LIBOR Transition: Borrower Tax Consequences and Final Regulations" The Banking Law Journal, April 2022
• Co-author, "LIBOR Transition: Borrower Tax Consequences and Proposed Regulations," Duane Morris Alert, November 4, 2021

• Co-author, "Time to Update Partnership and Operating Agreements Under New Audit Rules," Duane Morris Alert, January 23, 2018

• Co-author, "New Pass-Through Entity Deduction Delivers Tax Relief and Complexity," Duane Morris Alert, January 8, 2018

• Co-author, "New FIRPTA Exceptions Provide Opportunities for Foreign Pensions and Investment Funds," Carlton Fields Client Alert, February 2016