Commercial Real Estate Hall of Fame: Stinson’s Todd Phelps
Every year, Midwest Real Estate News inducts a new class into the Commercial Real Estate Hall of Fame. Here is one of our newest candidates, Todd Phelps, a partner with Stinson LLP law firm in Minneapolis.
Todd Phelps has been a point of contact for his commercial real estate clients for more than two decades. He has helped these clients structure, develop, build, finance, lease and sell commercial real estate of all kinds.
However, that’s only part of Phelps’ career. As a partner in the real estate department of the Stinson law firm, Phelps also represents private and family businesses and supports them as an external general counsel in complex and day-to-day matters. This includes ownership agreements, financing transactions, contract negotiations, dispute resolution, regulatory affairs and corporate transactions.
Phelps draws on years of experience in consumer finance regulations, joint ventures, claims, tax credits, and government incentives, and works extensively with private companies, developers, real estate owners, tenants, and financial institutions.
“I enjoy working with smart, creative entrepreneurs and professionals to do commercial deals,” said Phelps. “It is incredibly satisfying and professionally rewarding to be the trusted legal advisor on a team of commercial real estate professionals.”
And this work has had an impact. “He’s my friend and advisor,” said one of Phelps’ clients. “I want him to go to war with me. He’s not afraid to tell me exactly what to hear. “
What are some of the steps Phelps took to be successful? He points to his commitment to lifelong learning. Phelps became a real estate lawyer and a fellow at the American College of Real Estate Lawyers. He was recognized as one of America’s finest commercial real estate lawyers.
Then there are the relationships he’s built over the years.
“Earning and recognizing the role of a ‘trusted advisor’ through honesty, responsiveness, diligence and value creation has really broadened my approach to deals,” said Phelps.
Finally, Phelps said it was important to be aware of yourself.
“I am extremely grateful for all blessings in life, including successful practice, and I make a point not to take anyone or any experience for granted,” said Phelps. “I firmly believe in treating everyone with professionalism, respect, friendliness and openness.”
Phelps also finds time to give something back to his community. He is a longstanding board member and current secretary of the boys ‘and girls’ clubs in the twin cities. He also received the National Service to Youth Award from the Boys and Girls Clubs of America for his work with the organization.
Phelps is also a member of Stinson’s Coronavirus Task Force, assisting clients with real estate and financing issues related to the COVID-19 pandemic.
Before the visit and during law school, Phelps was a captain in the U.S. Army. Outside of work, he enjoys running, skiing, cycling, swimming, and spending time with his family and golden retriever.