Carly Tripp grew up playing in corn fields in Olney, Md., about 30 miles outside of Washington, D.C. But by the time she graduated high school, five grocery stores had popped up within a one-mile radius, turning the town into a bustling suburb—the type of development she now tries to spot early, as a real estate investor.
Tripp oversees $144 billion as global chief investment officer and head of investments for Nuveen Real Estate, one of the nation’s largest real estate investment managers, which scooped up more than $10 billion in U.S. property last year. While many other investors were bearish on retail property as the pandemic hit, Tripp rightly spotted opportunities among the subset of retailers that correctly anticipated how shoppers might want to buy in a pandemic. Tripp talked with Barron’s from Davidson, N.C., about some of her latest contrarian ideas, including why…
