Press release

Former Hogan Lovells Global Tax Practice Leader Joins Ernst & Young LLP

Washington, 15 July 2013

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Ernst & Young LLP announced today that Cristina Arumi has joined its National Tax practice as a principal in the Real Estate group and will focus on transactions. Arumi joins Ernst & Young LLP from the law firm of Hogan Lovells, where she was the leader of its Global Tax practice.

At Hogan Lovells, Arumi led the firm’s efforts on many of its largest public and private real estate deals. She worked with clients in numerous industries on transactions involving mergers and acquisitions, initial public offerings, roll-up transactions, joint ventures, development projects, and public debt and equity offerings.

Arumi also advised real estate companies and REITs on REIT conversions, the formation of UPREITs, operational partnership unit deals, tax protection agreements, downREIT transactions and ongoing operational matters. In her global capacity, she advised non-US clients on the US tax implications of investments and operations in the US with a particular focus on FIRPTA, and advised both US and non-US clients on US tax implications of cross-border transactions.

"I’m incredibly excited to welcome Cristina to the firm," says Kate Barton, Americas Vice Chair of Tax Services for the global EY organization. "Cristina is widely recognized as a top practitioner with a strong national reputation. She is an outstanding addition to our team."

Global Real Estate Leader Howard Roth adds, "Cristina’s background and experience will allow her to provide our clients leading, cutting edge solutions to their largest and most complex REIT and real estate transactions. We are very excited to have her joining our national real estate tax practice."

"I’m thrilled to be joining EY because of its people, its reputation in the marketplace and its exceptional roster of clients," explains Arumi.

Arumi received her B.A. from the University of North Carolina at Chapel Hill, her J.D. from Duke University School of Law, and her LL.M. from Georgetown University Law Center. She is a member of the Tax Section of the American Bar Association and a member of the Government Relations Committee, National Association of Real Estate Investment Trusts.

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This news release has been issued by Ernst & Young LLP, member firm of EY serving clients in the US.