Andrew H. Tripp

My focus

My practice primarily consists of advising institutional investors, syndicators and developers in a range of direct tax credit investments and fund formation matters, particularly those involving low income housing tax credits (LIHTC) and historic tax credits (HTC).  I also have significant experience representing investors, developers and lenders in a wide variety of traditional real estate investment and lending transactions.  

Presentations

• “Historic Tax Credit Basics,” IPED’s Historic Tax Credit Summit, Washington, DC, June 16, 2022

Representative experience

• Assisting a global financial institution on its formation of proprietary historic tax credit funds with a national syndicator to invest in a range of historic rehabilitation projects.
• Advising a national bank on its $47,000,000 direct investment in the historic rehabilitation of the Dayton’s Department Store building in downtown Minneapolis, Minnesota.
• Advising a national bank on its $31,000,000 direct investment in the historic rehabilitation of St. Luke’s Hospital campus in Manhattan, New York
• Advising a national bank on its $9,000,000 direct investment in the historic rehabilitation of the Dayton Arcade project in downtown Dayton, Ohio.  
• 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.
• Advising a national LIHTC syndicator 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.
• Advising an international insurance company on various direct investments in LIHTC projects across the country.
• Advising a national bank on various single-investor proprietary investments in LIHTC projects across the country.
• Advising a developer on the formation of a joint venture with an institutional investment fund and related construction financing for the $22,000,000 redevelopment of a warehouse in Chicago’s West Loop neighborhood into a residential/retail mixed-use project.
• Advising a regional lender in making a $24,000,000 construction loan to a national trade organization for the development of its national headquarters.