C. Spencer Johnson III (Spencer)

• Represented T5 Data Centers in a strategic joint venture with QuadReal Property Group committing up to $1 billion in equity to acquire and develop hyperscale data centers the U.S. and beyond.
• Represented Prologis (NYSE: PLD) in the formation of multiple joint ventures with an affiliate of Skybox Data Centers to design and develop data centers located in or around Chicago, IL, Washington, D.C., and Austin, TX.
• Represented Equinix (NYSE: EQIX) in its $15 billion joint venture with GIC and Canada Pension Plan Investment Board to purchase land to build new state-of-the-art xScale facilities on multiple 100-MW+ campuses in the U.S.
• Represented Preferred Apartment Communities (NYSE: APTS) in its $5.8 billion sale to Blackstone Real Estate Income Trust.
• Represented Prologis (NYSE: PLD) in multiple open-end and closed end industrial funds.
• Represented CatchMark Timber Trust (NYSE: CTT) in its $5 billion all-stock merger with PotlatchDeltic Corporation.
• Represented Americold Realty Trust in connection with its $942 million IPO. The IPO was the largest up-sized IPO of REIT shares in history.
• Represented Nuveen, the global investment manager of TIAA, in its acquisition of Greenworks Lending, a national leader in Commercial Property Assessed Clean Energy (C-PACE) financing.
• Represented Prologis (NYSE: PLD) in its $890 million 20/80 joint venture with Ivanhoé Cambridge in Brazil.
• Represented Lion Industrial Trust, an open-end industrial fund organized as a private REIT, and its sponsor Clarion Partners, a real estate investment manager with $52 billion in total assets under management, in ongoing capital raising.
• Represented Equifax (NYSE: EFX) in its $1.825 billion acquisition of Appriss Insights from Clearlake Capital.
• Represented Global Payments Inc. (NYSE: GPN) in its $500 million acquisition of MineralTree, Inc.

Spencer Johnson helps private equity sponsors, investment managers, REITs, and corporate clients structure and execute complex capital raising transactions, mergers and acquisitions, joint ventures, and strategic investments. He delivers practical, business-focused counsel on capital formation, corporate governance, securities regulation, and cross-border transactions, helping clients deploy capital, manage risk, and achieve long-term growth objectives.

A significant part of Spencer's recent work involves helping clients structure capital formation strategies and investment platforms designed to support growth, attract a diverse investor base, and remain flexible as business needs evolve. He regularly counsels clients on fund and sponsor formation, strategic partnerships, joint ventures, and other initiatives that require thoughtful alignment of commercial objectives, investor expectations, and regulatory considerations.

Spencer also helps clients deploy capital efficiently through acquisitions, co-investments, asset transactions, and other strategic investments. Whether the transaction involves domestic or cross-border elements, he focuses on identifying practical paths forward, managing execution risk, and helping clients achieve their business objectives while navigating complex deal structures and competing stakeholder interests.

Beyond transactional matters, clients turn to Spencer for guidance on corporate governance, securities regulation, and other legal issues that can have a meaningful impact on enterprise value and long-term strategy. He advises companies, boards, and investment-focused organizations on significant business decisions, regulatory developments, and high-profile challenges that require sound judgment and a clear understanding of both legal and commercial considerations.

His experience is particularly relevant to organizations operating in the real estate, real asset, infrastructure, and energy sectors, where capital-intensive projects and evolving market conditions often present unique opportunities and risks. By combining transactional experience with a practical understanding of how investors and operators evaluate opportunities, Spencer helps clients execute strategies that support growth, preserve flexibility, and create long-term value.