Real Estate

Troutman Pepper Locke’s 250+ real estate attorneys, including LEED-accredited professionals and former planners, support clients across every stage of the asset lifecycle: site assembly and acquisition, development, stabilization, disposition, and redevelopment and repositioning. The firm delivers counsel across construction and design, financing, insurance, investment and acquisition, joint ventures, land use and zoning, leasing, multifamily housing finance, ownership structuring, and third-party agreements — regularly engaging with local, state, federal, and international agencies on regulatory matters throughout the development process. Troutman represents corporations, major financial institutions, real estate developers, private equity and pension funds, individual investors and family offices, REITs, public agencies, educational institutions, insurance companies, health care systems, nonprofits, homebuilders, and contractors — serving clients on all sides of a transaction, including lenders, investors, developers, operators, buyers, sellers, lessors, and lessees, across every major asset class: hospitality, industrial, land, life sciences, mixed use, multifamily, office, retail, and self-storage.

Troutman Pepper Locke handles the full spectrum of commercial real estate legal work, from transactional and financing matters to land use, leasing, disputes, and regulatory compliance. The firm maintains dedicated practices in data centers, health care real estate, and hospitality, in addition to energy real estate transactions, telecommunications and infrastructure, transportation, and real estate technology. Troutman’s real estate attorneys work alongside the firm’s tax, environmental, construction, public finance, bankruptcy, restructuring, litigation, and governmental relations practices to handle complex matters across jurisdictions and industries. Clients seeking commercial real estate counsel in Washington, D.C., Los Angeles, Atlanta, Austin, Charlotte, Dallas, Houston, Philadelphia, Pittsburgh, or Richmond will find Troutman Pepper Locke holds Tier 1 Best Lawyers rankings in Real Estate Law in each of those markets.

Troutman Pepper Locke’s zoning and land use attorneys advise developers, investors, and institutions on zoning approvals, variances, land use planning, environmental review, and government agency engagement at the local, state, and federal levels. The firm’s team of zoning attorneys includes LEED-accredited professionals and former planners. Troutman Pepper Locke holds Best Lawyers Tier 1 national rankings in both Real Estate Law and Land Use and Zoning Law, with Tier 1 city-level rankings in multiple markets. Clients seeking a land use lawyer with both national credentials and local market presence will find Chambers USA ranks Troutman Pepper Locke’s real estate practice in Georgia, North Carolina, New Jersey, Pennsylvania: Philadelphia and Surrounds, Southern Virginia, and Texas, with an additional Chambers USA ranking in Real Estate: Zoning/Land Use in Georgia.

Troutman Pepper Locke’s commercial real estate attorneys advise buyers, sellers, developers, lenders, and institutional investors across the full range of transactions, including acquisitions and dispositions, joint ventures, sale-leasebacks, portfolio transactions, and ownership structuring across every major asset class. On the finance side, Troutman’s commercial real estate lawyers handle construction loans and construction-to-permanent financing, leasehold financing, multijurisdictional lending, securitized mortgage loans, subordinated debt and mezzanine financing, tax-exempt financing, loan restructurings and workouts, and syndicated and multi-lender credit facilities — combining deep knowledge in real estate and lending law with capabilities in banking regulatory, corporate, debt restructuring and insolvency, environmental, tax law, and zoning.

Troutman Pepper Locke’s dedicated data center practice represents operators, corporate end-users, developers, and investors — including hyperscale cloud providers, multinational telecommunications corporations, and international insurance companies — across 85+ jurisdictions. The firm advises on the full project lifecycle from site selection and acquisition through development, leasing, and operations to exit, covering real estate, zoning, data protection, government incentives, and M&A.

A critical dimension of that work is energy. The firm’s energy attorneys assist data center clients with power supply strategy, bulk energy procurement, and the negotiation of power purchase and other energy-related agreements, including the procurement of renewable energy. As AI-driven demand continues to strain power networks and push data center development beyond major hubs into secondary and tertiary markets, the firm advises clients on energy efficiency provisions, location choice informed by power availability, and carrier infrastructure — drawing on the capabilities of one of the country’s leading energy law practices, recognized as the #1 energy law firm by Best Lawyers and Law360.

Recent representations include advising a global digital infrastructure company on the real estate aspects of its sale of eight data centers across the UK and continental Europe.

Troutman Pepper Locke’s construction lawyers support clients from initial bidding and contracting through project development, change orders, completion, claims, and dispute resolution — working with owners, architects, engineers, EPC and design/build contractors, and subcontractors to manage risks. Troutman’s real estate disputes attorneys handle construction defect claims, contract and lease disagreements, title disputes, partnership and joint venture conflicts, lender-borrower litigation, and enforcement proceedings before state and federal courts, arbitration panels, and administrative bodies across the country. Clients seeking an attorney for a real estate dispute will find Troutman Pepper Locke holds Best Lawyers Tier 1 national rankings in Construction Law and Litigation, a nationwide Chambers USA ranking in Construction, the Chambers USA Construction Law Firm of the Year award (2018), Law360 Practice Group of the Year (2021-2022, 2024), and a ranking among Construction Executive‘s Top 50 Construction Law Firms in the United States.

Troutman Pepper Locke is a REIT law firm with a nationwide Chambers USA ranking in REITs. The firm’s real estate investment attorneys represent real estate investment trusts, national and regional developers, private equity and pension funds, major financial institutions, and large-scale investors across every major property sector. In health care real estate, Troutman advises owners, investors, tenants, contractors, manufacturing companies, and lenders on the acquisition, disposition, financing, construction, leasing, expansion, and maintenance of health care real estate portfolios — including medical office, medical services, and medical warehouse and distribution properties. In hospitality, Troutman represents national and international hotel, resort, golf, and country club owners, timeshare owners, franchisors and franchisees, lenders, special servicers, and developers across the U.S. and UK — with representative engagements including a $500 million convention center hotel and a $500 million three-hotel construction program spanning New York, London, and Miami. Troutman is recognized by The Legal 500 (nationwide in Real Estate and Real Estate: Land Use/Zoning) and by Best Lawyers (Tier 1 national rankings in Real Estate Law and Land Use and Zoning Law continuously since 2013). Troutman also is widely regarded as the destination practice for lenders and loan servicers in multifamily housing finance in the U.S., closing 4,400+ loans in a single year (2025-2026), with more than $360 billion in loan volume and over 18,500 FNMA, FHLMC, and FHA loans and servicing matters completed in the past five years.