Integrated REITs & Property Funds
“Rajah & Tann Singapore’s corporate real estate team is noted for its deft handling of legal work for major developers, financial institutions and REITs.”
Chambers Asia-Pacific 2026
Singapore is home to one of the largest and most sophisticated REIT markets in Asia, serving as a platform for capital raising, cross-border investment and long-term ownership of real estate assets across multiple jurisdictions and asset classes.
As the market continues to evolve, REITs and property investment platforms are increasingly required to navigate complex transactions, evolving regulatory requirements, governance considerations, financing needs and strategic transformation initiatives. Success requires advisers who understand not only the legal framework, but also the commercial and market forces that shape the industry.
We act for REITs, REIT managers, sponsors, trustees, financial institutions, institutional investors, developers and asset owners in Singapore and across the region.
An Integrated Real Estate Investment Platform
As a specialised capability within Rajah & Tann’s broader Real Estate Sector offering, our Integrated REITs & Property Funds Practice brings together market-leading lawyers across capital markets, banking and finance, real estate, investment funds, restructuring, disputes and regulatory disciplines.
This integrated platform reflects the increasingly interconnected nature of today’s real estate investment landscape, where REITs, private capital, financing, development, asset management and strategic transactions often converge. By combining expertise across these disciplines, we are able to provide clients with seamless advice on both day-to-day operations and transformational transactions.
Our Singapore team also serves as a gateway to Southeast Asia, working closely with our network of leading local firms across the region to support REITs, property funds and investors on acquisitions, investments and portfolio transactions. This combination of Singapore-based transaction leadership and on-the-ground local capability enables us to coordinate complex multi-jurisdictional matters seamlessly across Southeast Asia.
Whether advising on capital raising, acquisitions, portfolio growth, governance matters, restructurings or strategic exits, we help clients navigate the legal and commercial issues that arise across the full spectrum of real estate investment platforms.
A Practice Involved in Market-Defining Transactions
Our team has advised on a number of significant transactions and matters that have contributed to the development of Singapore’s REIT market, including:
- Advising on Singapore’s first REIT merger
- Advising on strategic acquisitions and consolidation transactions involving listed REIT platforms
- Advising on complex trustee, governance and unitholder rights matters
- Advising on distressed REIT restructurings and debt workout exercises
- Advising on sponsor reorganisation and internalisation exercises
- Advising on significant capital raising transactions, including rights issues and preferential offerings
Our experience extends beyond traditional acquisition and financing work to include many of the transformational events that shape the evolution of REIT platforms and the broader market.
Comprehensive REIT Capabilities
Capital Markets & Fundraising
- Bonds, notes and other debt capital market issuances
- Continuing listing obligations and disclosure matters
- Equity fundraising exercises
- Initial public offerings
- Rights issues and preferential offerings
Acquisitions, Divestments & Portfolio Growth
- Acquisition and disposal of real estate assets and portfolios
- Asset injections and sale-and-leaseback transactions
- Cross-border investment and structuring transactions
- Joint ventures and strategic partnerships
- Portfolio consolidation and platform acquisitions
Financing
- Acquisition and development financing
- Refinancing and recapitalisation exercises
- Secured and unsecured lending transactions
- Sustainability-linked and green financing
Governance & Regulatory
- Cybersecurity, data protection and data breach response
- Directors’ duties and fiduciary obligations
- Regulatory approvals and licensing
- REIT Code compliance
- Trustee and manager governance matters
- Unitholder rights and stakeholder matters
Strategic Transactions & Restructuring
- Distressed REIT situations and debt restructurings
- Internalisation exercises
- Privatisations and delistings
- REIT mergers and consolidation transactions
- Sponsor reorganisations and strategic reviews
Acting Across the REIT Ecosystem
A successful REIT platform relies on the effective interaction of multiple stakeholders. We regularly advise:
- REITs and listed property trusts
- REIT managers and sponsors
- Trustees and custodians
- Institutional investors and sovereign wealth funds
- Banks and financial institutions
- Developers and property owners
- Underwriters and financial advisers
Sector Coverage
Our team has experience across a broad range of asset classes, including:
- Commercial and office assets
- Industrial and logistics facilities
- Retail and mixed-use developments
- Hospitality assets
- Healthcare and specialised real estate
- Business parks
- Data centres and digital infrastructure
Why Rajah & Tann Asia
We combine deep knowledge of Singapore’s REIT framework with extensive experience advising on significant transactions, governance matters, restructurings and strategic initiatives across the market.
As one of Southeast Asia’s largest legal networks, we are particularly well placed to support Singapore-based REITs, property funds, sponsors and investors pursuing opportunities across the region. Our Singapore team works alongside our network firms to provide coordinated advice on acquisitions, investments, financings and other cross-border transactions, combining regional transaction management with local market knowledge.
By bringing together lawyers from multiple disciplines, we provide integrated, commercially focused advice that supports clients through both day-to-day operations and transformational transactions, helping them navigate complexity and unlock opportunities in an increasingly sophisticated investment environment.
Related Links
Recognition
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Band 1 & 2 – Banking & Finance, Capital Markets, Corporate / M&A, Investment Funds, Real Estate
Chambers Asia-Pacific (2026) -
Tier 1 & 2 - Banking and Finance, Investment Funds, Real Estate, Capital Markets: Equity and Debt, Corporate and M&AThe Legal 500 Asia Pacific (2026)
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Band 1 & 2 – Banking & Finance, Capital Markets, Corporate / M&AChambers Global (2026)
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5 Star Rating – Banking & Finance Law, Insolvency & Restructuring, Investment Funds, M&A, Capital MarketsThe Straits Times Singapore’s Best Law Firm in 2026
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Tier 1 and Outstanding – Banking & Finance, Capital Markets, M&A, Investment Funds, Restructuring & Insolvencyasialaw (2025)
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Tier 1 & Tier 2 – Banking & Finance, Capital Markets, Investment Funds, M&A, Restructuring & InsolvencyIFLR1000 (2026)
The team is exceptional. They go over and beyond to meet the challenging deadlines and client requirements. They are also extremely patient and show much grit and tenacity during difficult moments.
The Legal 500 Asia-Pacific (2026)