Kristin L. Dunlap Partner
  • D 312.606.3204
  • F 312.267.2214
Kristin L. Dunlap

Kristin is a partner in HMB’s Real Estate Group. She focuses her practice on commercial real estate transactions including workouts, development, leasing and finance matters.

Kristin helps real estate owners, developers, investors and users fulfill their business vision by diving deep into the details and efficiently driving projects over the finish line. Kristin works on acquisitions, dispositions and financing of several property types, including shopping centers, industrial properties, condominium properties, offices, apartment buildings, hotels and raw or distressed land for development. She also has significant experience in note acquisitions, workouts and condominium deconversions.

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Empowering Big Ideas Through Detailed Execution

As a counselor to individuals and organizations involved in complex real estate dealings, Kristin drafts and negotiates purchase and sale agreements, lease agreements and loan documents, as well as advises on tax matters related to real estate. Her depth of experience allows her to navigate a complex deal skillfully and efficiently.

Clients rely on Kristin to allow them to focus on the big picture while she handles the details, so projects and deals get done right, on time and on budget.


  • Acquisitions, dispositions and financing of various property types including shopping centers, industrial properties, condominium properties, office buildings, multifamily apartment buildings, hotels, brownfield properties, distressed properties and raw land for development
  • Cannabis property transactions including leasing, acquisition and financing
  • Note purchases and sales and foreclosure of acquired notes and security documents
  • Condominium conversions, new condominium developments and deconversions of condominiums
  • Drafting and negotiating lease agreements on behalf of both landlords and tenants
  • Drafting and negotiating loan documents on behalf of both lenders and borrowers
  • Counseling on tax incentive and savings programs available to real estate entrepreneurs in Illinois
  • Advising individuals and organizations involved in real estate activities such as property management, asset management, construction and brokerage
  • Integration of estate planning tools for asset protection, tax planning and generational wealth transfer


  • Loyola University Chicago School of Law, J.D.
  • University of St. Thomas, B.A. in English, magna cum laude


  • Illinois
  • Minnesota


  • Best Lawyers in America, 2024

Professional Memberships

  • Chicago Bar Association
  • Illinois State Bar Association
  • American Bar Association
  • International Council of Shopping Centers
  • Clear Springs PTO


  • Federal Eviction Moratorium OverturnedMay 11, 2021

    On September 4, 2020, the U.S. Department of Health and Human Services (“HHS”) through the Centers for Disease Control and Prevention (“CDC”) enacted a nationwide eviction moratorium that bans landlords from evicting residential tenants who are unable to pay rent (“CDC Order”).  On May 5, 2021, the U.S. District Court for the District of Columbia vacated the CDC Order, holding…

  • Chicago City Council Approves Pilot Program for Creation of New Accessory Dwelling UnitsFebruary 26, 2021

    Beginning on May 1, 2021, Chicago will end its decades-long ban on the construction and conversion of certain accessory dwelling units when the Additional Dwelling Unit (ADU) Ordinance (“Ordinance”) goes into effect. WHAT YOU NEED TO KNOW The goal of the Ordinance is to establish new residential units that are sustainable and cost-effective while maintaining neighborhood character The Ordinance aims…

  • Longer Notice Requirements for Residential Lease Renewals, Terminations and Rent IncreasesJuly 24, 2020

    On July 22, 2020 the Chicago City Council passed the “Fair Notice” ordinance (the “Ordinance”) which requires longer notice periods for landlords who seek to terminate, not renew or increase rental rates for residential leases. Under the new Ordinance, a landlord must provide a tenant with prior written notification of its intent to terminate, not to renew, or increase rent…

  • Chicago City Council Passes New COVID-19 Residential Eviction "Moratorium" OrdinanceJune 23, 2020

    On June 17, 2020, the Chicago City Council passed the “COVID-19 Eviction Protection Ordinance” (Ordinance O2020-3501), enacting a provisional moratorium on evictions based upon the failure to pay rent if the tenant has suffered any loss, reduction or delay in receipt of income or employment attributable to COVID-19 (a “COVID-19 Impact”).  Under the terms of the moratorium, a landlord pursuing…

  • A Warning: Cook County Assessor's Real Property Income and Expense (RPIE) LetterFebruary 26, 2020

    The Cook County Assessor’s Office has recently begun mailing invitation letters to solicit participation in its Real Property Income and Expense (“RPIE”) system. The goal of the system is to collect extensive data to assess commercial properties in Cook County. It utilizes both an online portal and mailed forms for data collection. The Assessor will target properties used for the…


  • Loyola University Chicago School of Law, J.D.
  • University of St. Thomas, B.A. in English, magna cum laude
  • Illinois
  • Minnesota
500 West Madison Suite 3700
Chicago IL 60661

Phone: 312-606-3200 Fax: 312-606-3232
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