Ronald A. "Ron" Bell

Ronald A. Bell is a Director in the Cincinnati Office of Coats Rose, P.C. He maintains a multidisciplinary practice that encompasses capital markets (public finance, asset securitization, and other capital raising transactions), tax credits, and employee benefits/ERISA, executive compensation, and affordable housing. Ron was named to the Best Lawyers in America list 2018-2020, published by Woodward White Inc., for the areas of Employee Benefits (ERISA) Law and Tax Law. Capital Markets Ron maintains a practice that includes a focus in the capital markets area. He advises on the tax aspects of and structures from a federal tax standpoint various state and local governmental financings, including single family and multifamily housing financings (exempt facility and 501(c)(3)), general 501(c)(3) financings (hospitals, colleges and universities, charter schools and other 501(c)(3) borrowers), student housing, prepay electricity and gas financings, airport financings (exempt facility and governmental), solid waste and general obligation financings. Ron regularly serves as special tax counsel to issuers and other bond counsel on various public finance transactions. He also serves as rebate counsel to various issuers and beneficiaries of tax-exempt bond financings. Ron also advises on asset securitization transactions such as TOBs, COPS, custodial receipts and unit investment trusts for securitizing tax exempt bonds and other investment vehicles. He regularly advises on tax and ERISA matters affecting the disclosure documents (e.g., POS, OS and PPMs) for tax-exempt bonds, taxable debt, equity, and hybrid securities issuances. His experience in the capital markets area is in the multibillion dollar range. Tax Credits Ron maintains a practice that includes a focus in the federal and state tax credit area. His practice in this area includes representing leverage lenders in leveraged NMTC transactions, counseling and representing QALICBs on structuring and financing their projects using NMTC (state and federal), representing governmental entities in the issuance/use of debt obligations to be deployed in a NMTC transaction, structuring and documenting equity and leveraged equity investments in the CDEs, representing syndicators, borrowers and tax credit buyers in LIHTC and HTC transactions and other tax credit transactions. He has advised and closed transactions twinning NMTCs with HTCs and combining HTCs, LIHTCs, and state tax credits, has structured deals using USDA financing as a project financing source or tax exempt financing as a source of the leverage loan. Ron has advised on tax credit transactions in excess of $500 million, mixed-use development projects. Employee Benefits/ERISA and Executive Compensation Ron maintains a practice that includes a focus in the employee benefits/ERISA and executive compensation areas. He has represented over 200 physicians’ practice groups in various