Hilary A. Shalla

  • Partner
  • Ehilary.shalla@lw.com
  • 650 Town Center Drive
  • 20th Floor
  • Costa Mesa, CA 92626-1925
  • USA
  • T +1.714.755.8122
  •  
 

Profile

Hilary Shalla, Local Chair of the Orange County Corporate Department, advises clients on a full array of complex commercial real estate transactions, including real estate investment trust (REIT) matters.

Drawing on her breadth of experience in the real estate market, Ms. Shalla delivers pragmatic and commercially driven counsel to a range of clients, including REITs, private equity sponsors, sovereign wealth funds, individuals, and other institutional clients. She regularly advises on acquisitions, dispositions, and joint ventures involving complex real estate portfolios, as well as the development of commercial real estate. Her work covers a multitude of asset classes ranging from healthcare and life sciences facilities to senior housing to logistics centers.

Ms. Shalla brings particular experience advising on REIT transactions, including in connection with roll-ups, initial public offerings, mergers, and other similar transactions, as well as matters involving sovereign wealth funds.

Ms. Shalla serves as a go-to advisor to many clients throughout their growth stages. She offers firsthand insight into the needs of real estate investment companies and developers by leveraging her prior experience as Vice President, Senior Counsel of Irvine Company.

Ms. Shalla has held a number of firm leadership roles. In addition to currently serving as Chair of the Corporate Department in the Orange County office, she is a member of Latham’s Associates Committee, which oversees associate progression decisions. She is also the former Chair of the firm’s Mentoring Committee, and is former Co-Chair of the Orange County office’s Women Enriching Business Committee, which aims to support the long-term success of women lawyers and current and prospective women clients.

Experience

Ms. Shalla’s experience includes advising:

  • A purchaser in connection with the acquisition of a three-building life science campus for US$610 million and a 49% joint venture interest in a fourth property on the same campus for US$54 million
  • A purchaser in connection with its acquisition of 14 medical office properties for US$371 million
  • A purchaser in connection with its acquisition of an office and laboratory property for US$310 million
  • A purchaser in connection with its acquisition and joint venture of a portfolio of nine senior housing facilities for US$382 million
  • A purchaser in connection with its acquisition of a portfolio of nine senior housing facilities for US$445 million
  • A purchaser in connection with its acquisition of a portfolio of four warehouse facilities for US$193 million
  • A seller in connection with its disposition of a portfolio of 10 senior housing facilities for US$334 million
  • A seller in connection with its disposition of 12 senior housing facilities for US$312 million
  • A REIT in connection with its contribution of a portfolio of 18 senior housing facilities to a joint venture with a sovereign wealth fund
  • A REIT in connection with its contribution of a portfolio of 12 self-storage facilities to a joint venture with a sovereign wealth fund
  • A sovereign wealth fund in connection with its acquisition, joint venture, and financing of an office building
  • A sovereign wealth fund in connection with its acquisition, joint venture, and financing of a portfolio of single-family townhome communities
  • A private equity sponsor in connection with its acquisition, joint venture, development, and financing of a site for redevelopment as a residential master planned community
  • A private equity sponsor in connection with its acquisition and financing of a portfolio of four properties for redevelopment into residential master planned communities
  • A borrower in connection with its US$2.35 billion commercial mortgage-backed securities (CMBS) loan secured by temperature controlled warehouse facilities located throughout the United States
  • A borrower in connection with its US$1.32 billion CMBS loan secured by warehouse facilities
  • A borrower in connection with its US$235 million CMBS loan secured by self-storage facilities
  • Various clients in their real estate aspects of mergers, acquisitions, initial public offerings, and other corporate transactions
  • Various clients in the conversion of commercial property owners and operators to REITs
  • Various clients in the acquisition of stock in commercial property owners and operators and concurrent restructuring of assets for REIT compliance

According to clients:

“Hilary is terrific in the real estate and financing world.”

“She has amazing experience, drafting ability and a wonderful demeanor that makes her a pleasure to work with.”

“Hilary is very knowledgeable and responsive, and is a great thinker and problem solver.”

Chambers USA 2021
Bar Qualification
  • California
Education
  • JD, Northwestern University School of Law, 2005
  • BS, Northwestern University, 2002
Industries
  • Hospitality, Gaming & Leisure
  • REITs
Practices
  • Mergers & Acquisitions
  • Real Estate
  • Private Equity
  • Banking