DePaul University College of Business > Faculty > A to Z listing of Faculty > Edward J. Hannon

Edward J. Hannon

Academic Degrees

JD Law, Loyola University
LLM Tax Law, Georgetown University
BS Accounting, St. Louis University

Professional Certifications

Certified Public Accountant (Illinois)
Licensed Attorney (Illinois)

Biography

Ed Hannon is partner at the national law firm of Quarles & Brady and is a member of the firm's Business Law Practice Group. Mr. Hannon has represented real estate owners and investors in real estate projects located throughout the U.S. in addressing various tax, governance and entity formation issues. Mr. Hannon has assisted real estate owners in structuring and implementing various structures designed to facilitate tax-free like-kind exchanges under Section 1031 of the Internal Revenue Code, including the Delaware statutory trust structure and various post-exchange refinancing techniques. Mr. Hannon also has significant experience in adopting various structures for repositioning and recapitalizing property owned under the tenant in common structure in a tax-free manner.

As a member of the Quarles & Brady REIT team, he provides counsel on various tax and structural issues related to tax-free and partially tax-free "sales" of real estate to a REIT, and he regularly works with members of the Quarles & Brady real estate practice in addressing various tax issues that typically arise in the leasing, refinancing and acquisition of real estate by a REIT. He has also worked with a number of operating businesses that hold significant real estate assets in examining whether a REIT spin-off transaction is appropriate for their business operations. Mr. Hannon has also represented a number of non-U.S. real estate companies and investors in implementing various structures designed to minimize U.S. tax costs in connection with the direct acquisition of real estate in the U.S. and with the indirect acquisition of U.S. real estate through a real estate partnership or joint venture. In representing non-U.S. parties who are acquiring U.S. real estate, he has significant experience in coordinating the efforts of U.S. legal counsel with the client's U.S. and non-U.S. tax advisors in implementing global tax-oriented strategies.

Mr. Hannon has been recognized as a "Leading Lawyer" in the areas of International Business and Trade Law, Real Estate Law, and Finance and Tax Law in 2009, 2010, 2011, 2013 and 2014, and was recognized as part of the "Irish Legal 100" in 2010, 2011 and 2012. He is also a member of the Board of Directors of the Illinois CPA Society and has served as Board Secretary and Vice Chair of the Board. Mr. Hannon is also a member of the American Institute of Certified Public Accountants and holds a position on the governance council.