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Fred Richards III

Partner

Chicago
312 580 2335 direct
312 782 1269 fax

Fred has primarily focused on working with Firm's clients in the disposition and acquisition of properties and developing strategy to minimize real estate tax risk.

Since coming to Chicago to practice law in 1991, he has been involved on local and national product liability and premises litigation. He also has extensive experience representing clients that own/operate commercial, industrial, special purpose properties and national hotel chains.

He has experience in the real estate tax appeal practice before the various assessors and Boards of Review in Illinois and other jurisdictions for national corporations and hospitality corporations.

Fred's works with clients on real estate tax consequences on the sale and purchase of complex properties, including shopping centers, hotels, condominium developments and vacant land. He works extensively with banks in the Special Asset Group to analyze and potentially minimize tax liability.

Fred has obtained assessment reductions for:

   * one of Chicago's largest single-tenant building resulting in tax savings of over $17 million.

   * several Chicagoland Banks REO departments resulting in tax savings in excess of $40 million or a reduction in market value of over $500 million.

He has also been national counsel for a major retailer and handled premises and product liability matters throughout the United States and Puerto Rico, where he managed and directed litigation of over 100 local attorneys.

Fred has volunteered consistently over the years for the Chicago Park District. He developed and directed a youth program and organized and managed a co-ed adult volleyball league. In 1984, he organized and became Chairman of the Angel City Links Alumni Scholarship in Los Angeles.

At Thompson Coburn, he has helped to promote inclusion, serving on both the firm's Diversity Committee and the Thomas Eagleton Scholarship Committee.

Publications

"Real Estate Tax Appeal Analysis and Valuation Perspective for the Property Owner";
2010

"Ocean Dumping: An International and Domestic Perspective";
Notre Dame Journal of Legislation, 1991

Presentations

"Understanding the Tax Appeal Process in Illinois and Training to be an Astronaut, Which is Easier?”;
BMO Harris Bank 2017

"Diversity and Inclusion in the Workplace";
CNA’s African American Employee Resource Group (AAERG) 2010

"Valuing Residential Property in a Down Economy";
2010

"What Every Lawyer Should Know About the Real Estate Tax";
TCFH Seminar, 2008