Saba advises private equity (PE) firms, real estate investment trusts (REITS), and domestic and international funds throughout their business cycle.

Saba works closely with PE firms on the tax-related issues related to domestic and cross-border mergers, acquisitions, joint ventures, and other complex transactions, helping to maximize their opportunities. Known for translating complicated tax concepts into actionable business options, she works with several of the largest and most active firms in the U.S. to plan, structure, and negotiate their deals.

Saba provides comprehensive guidance to funds, including advice on formation, investments, and operational issues. Her work includes planning and structuring of domestic and international private investment funds, such as venture capital, hedge, buyout, and real estate funds. She also helps tax-exempt and non-U.S. entities to structure their investments.

Equally experienced in the real estate sector, Saba offers depth across a wide range of real estate transactions. She provides creative solutions in connection with formation, operational issues, investments in or through REITs, complex real estate joint ventures, REIT mergers and acquisitions, and real estate investments by U.S. and non-U.S. investors, including foreign governments.

Funds

• Advised a leading private equity firm in evaluating alternatives and in structuring a continuation fund.
• Represented a leading real estate fund in evaluating alternatives and structuring an investment from Asian and European institutional investors.
• Represented a private equity investment holding company in all tax aspects of structuring a permanent capital vehicle.
• Represented the sponsors of several funds in structuring the disposition of their stakes in investments to yield in tax favorable results under Section 1061 of the Internal Revenue Code.

REITS

• Advised several fund sponsors and real estate developers in structuring programs to issue carried/promotes to key employees.
• Represented Independence Realty Trust, Inc. (NYSE: IRT) in its 2021 stock-for-stock merger transaction with Steadfast Apartment REIT, Inc., forming a combined company with an equity market capitalization of approximately $4 billion and a total enterprise value of approximately $7 billion.
• Advised one of the largest, publicly traded REITs with a focus on urban, town enter, and transit-oriented properties in structuring a series of joint ventures to own single asset REITs.
• Represented a Southeast-based real estate developer with a focus on hospitality, office, and mixed-use projects in urban settings, in entering and negotiating a series of joint venture developments with partners ranging from sovereign wealth funds, private investment funds, and public and private REITs.

Private Equity and M&A

• Represented a family of affiliated funds in numerous matters, including various equity and debt financings, acquisitions of target structured to yield tax benefits to the acquirer, tax-free rollovers to the sellers, and in minority investments.
• Advised an acquirer to structure the acquisition of stock to maximize potential use of Section 1202 on eventual exit.
• Advised shareholders in pre-sale restructuring to maximize utilization of tax-free disposition of shares under Section 1202 and Section 1045.
• Represented a publicly held distributor of automotive replacement parts, office products, and electrical materials, with respect to tax structuring and other tax aspects, in the sale of a distributor of personal protective equipment and janitorial, safety, hygiene, and sanitation products to a private equity sponsor.
• Advised a founder-led leading supplier of specialty industry services, with respect to tax structuring and other tax aspects, in its sale to a private equity-backed provider of industry cleaning and environmental services.
• Advised Biocoat, a specialty manufacturer of medical device coatings, with respect to tax structuring and other tax aspects in connection with a majority strategic investment by GTCR.
• Advised Analytical Wizards, a health care data analytics and technology company focused on the life sciences industry, with respect to tax structuring and other tax aspects, in its acquisition by Definitive Healthcare.
• Advised Mavens, a provider of technology solutions for life sciences companies, with respect to tax structuring and other tax aspects, in its acquisition by Komodo Health.
• Advised Lynn Electronics, a manufacturer and supplier of custom fiber optic and copper assemblies for the data center and broadband markets, with respect to tax structuring and other tax aspects in its acquisition by NSi Industries.
• Advised Cenero, an audio visual technology, unified communications, and IT solutions provider, with respect to tax structuring and other tax aspects in its acquisition by Ricoh USA.
• Advised AIMCOR Group with respect to tax structuring and other tax aspects in connection with its joint venture with AmeriLife Group.

• Chambers USA: Tax, Pennsylvania (2009-2019, 2022-2025)
• Best Lawyers in America®: Tax Law (2009-2026)
• Pennsylvania Super Lawyers, tax law (2008-2014)
• Named to Legal Elite, Georgia Trend Magazine (2007-2017)