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Andrew H. Tripp



Andrew Tripp is a partner in Nixon Peabody’s Real Estate & Community Development department and the Community Development Finance practice group. Andrew concentrates his practice in the areas of complex commercial real estate transactions, real estate finance and tax-oriented investments.

What do you focus on?

I work with various developers, investors, owners, lenders, borrowers, landlords and tenants in the acquisition, development, disposition, financing and leasing of industrial, multi-family, office, medical office, energy and retail properties. I also have significant experience advising financial institutions, developers and investors in a wide range of tax credit finance transactions and HUD/FHA financings and programs.

Representative experience

Acquisitions/Dispositions

  • Representing a hydroelectric plant owner/operator in the acquisition and re-financing of two hydroelectric power plants in Pennsylvania totaling $60,000,000 in value.
  • Representing a private equity fund in the purchase of office buildings of up to $23,000,000 in value located in Florida and California.
  • Representing a publicly held real estate investment trust in the $12,550,000 purchase of a single-tenant industrial property located in Elk Grove, Illinois.

Financing

  • Lead real estate counsel to a national bank in the negotiation, documentation and closing of a $20,000,000 term and revolving credit facility to an assisted living facility in southern Ohio.
  • Counsel to developer in a $21,000,000 joint venture formation and construction financing for a mixed-use project located in downtown Chicago, Illinois.
  • Lead real estate counsel to a regional health-care provider in a mortgage transaction securing an existing $350,000,000 bond indenture.
  • Real estate counsel to a national lender with the closing of a $107,000,000 construction loan facility to the developer of an assisted living complex in Evanston, Illinois.

Leasing

  • Representing a publicly held real estate investment trust in the leasing of a 150,000-square-foot single tenant industrial property located in Elk Grove, Illinois, to a local manufacturing company.
  • Representing a proprietary school in its lease of a 25,000-square-foot lease of classroom and office space in downtown Chicago, Illinois.
  • Representing a national retailer with respect to various leases at major regional shopping centers in Illinois, Maryland, New York, New Jersey, Massachusetts, Pennsylvania, Utah, Arizona, California and Minnesota.

Tax Credit Finance

  • Advising a national health insurance holding company on its $33,000,000 investment in a fund created to invest in multiple solar energy facilities in Texas that are expected to generate investment tax credits.
  • Assisting a global financial institution on its formation of a proprietary historic tax credit fund with a national syndicator to invest in a range of historic rehabilitation projects.
  • Advising an investor on its $22,000,000 lower tier investment in the acquisition/rehabilitation of a 492-unit apartment complex located in Philadelphia, Pennsylvania, which included a RAD recapitalization of the property and a new HUD-insured 221(d)(4) loan.

Tax reform scorecard: The good, the bad and the uncertain

Tax Credit Advisor | August 01, 2018

Chicago Community Development Finance partner Andrew Tripp is quoted extensively in this article about the impact of tax reform on the tax credit industry.

Contact

Andrew H. Tripp

Partner

Chicago

Phone: 312-977-4374


Fax: 844-565-3244

Chicago-Kent College of Law, J.D., with honors

University of Illinois, B.A.

Illinois

Illinois Super Lawyers Rising Star, 2014-2015

  • Illinois Housing Council
  • American Bar Association, Affordable Housing and Community Development Law Forum
  • National Association of Industrial and Office Properties, Chicago Chapter
  • Legislation Committee Member
  • Volunteer Attorney for Chicago Lawyers’ Committee for Civil Rights Under Law, Inc., The Law Project.
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