Andrew Tripp has a broad-based real estate and real estate finance practice. He regularly advises institutional investors, family offices, and high-net worth individuals on a wide variety of complex real estate investment, development and financing transactions.
I have a hybrid practice where I split my time between handling traditional real estate transactions like acquisitions, dispositions, leasing, financing, and development of all asset classes, and representing institutional tax equity investors in affordable housing and historic rehabilitation transactions. The great thing about my practice is that I can see a wide variety of real estate transactions from a number of different perspectives, risk tolerances, and ultimate investment objectives—and bring that experience to bear for different clients.
Everything is going to be significantly harder this year in the real estate world. Higher interest rates, inflation, and supply chain delays are here to stay it seems, and credit has gotten much tighter. A bit of turbulence in the banking sector adds more variables. Naturally, some deals that worked twelve months ago will not work now. However, this environment really seems to awaken quite a bit of creativity in the real estate development and finance world. More older buildings get repurposed using capital stacks with new sources in the mix. Ground-up development will be for a narrower set of executions with firmer underwriting of the potential exit. But as in any time of economic uncertainty, disciplined players will find opportunities and thrive.
Chicago-Kent College of Law, J.D., with honors
University of Illinois, B.A.
Illinois Super Lawyers "Rising Star" (2014–2015)
Subscribe to stay informed of the latest legal news, alerts, and business trends.Subscribe