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310.203.5340
  • Education
    • J.D., University of California-Los Angeles School of Law, 2011
    • B.A., University of California-Los Angeles, 2007
  • Court Admissions
    • U.S. District Court, Central District of California
    • U.S. District Court, Southern District of California
    • U.S. District Court, Northern District of California
    • U.S. District Court, Eastern District of California

As an associate in the Capital Markets and Commercial Lending group, Scott Timpe focuses his practice on making a positive impact by representing healthcare, pension fund, and impact investment clients in connection with the acquisition, financing, development, leasing, monetization, and disposition of real estate assets.  Scott counsels some of the largest healthcare systems and other healthcare industry participants on positioning their real estate assets in a manner which complements their core business goals.  Scott also represents social impact driven investors and family offices in connection with projects that align their capital and values to create positive and meaningful change.  Scott has broad experience in structuring, documenting, negotiating, and closing a variety of complex projects, including:

  • Acquisitions and dispositions (including undeveloped and developed land)
  • Representing lenders and borrowers in complex financing transactions (including those involving real property and other security)
  • Leasing (including sale- and lease-leaseback transactions, as well as build-to-suit and retail leases)
  • Loan restructuring and workouts

While at UCLA School of Law, Scott was part of the inaugural team which competed in the National Transactional Law Meet competition hosted by Drexel University, where the team took 2nd place.  Since graduating UCLA School of Law, Scott regularly coaches teams fielded by UCLA in the National Transactional Law Meet competition.

 

Real Estate

  • Assisted a large nonprofit catholic hospital system with the joint venture development and financing of a $100 million build-to-suit cancer center.  The transaction included a joint venture between a hospital system affiliate and one of the nation's largest REIT for the development of the cancer center, a $55 million of construction financing, a master lease by the hospital system affiliate, the  syndication of hospital system's affiliate’s interest in the joint venture to physicians and related finance and regulatory issues. 
  • Represented a large nonprofit catholic hospital system in connection with a build-to-suit transaction pursuant to which one of the nation’s largest medical office building developers ground leased  multiple parcels of land adjacent to the main hospital campus for the purpose of constructing an approx. 120,000 sq ft medical office building.  The hospital system and the developer entered into a simultaneous space lease to occupy space in the to-be-constructed Women’s Center back to the system and other affiliates of system.  The deal covers parcels of land presently owned by the  system, as well as parcels that are being acquired by the system pursuant to purchase and sale agreements entered into by the developer which are subsequently being assigned to the system. The total project cost for the Women’s Center is approximately $100 million.  The rent payable by the system under its space lease is a function of the total project cost, and one aspect of the deal provides that this rent will be reduced if the developer is ultimately able to achieve project cost savings.
  • Represented an Arizona nonprofit hospital system as the seller/ground lessor in complicated sale-leaseback transaction.  The hospital monetized a portion of its extensive portfolio of real estate  assets through the sale/ground lease of several of its real properties and the subsequent leasing back of the entirety of these properties.  As counsel to seller/ground lessor, Polsinelli’s healthcare  real estate team represented the system in all aspects of this transaction, including purchase and sale agreement negotiation, ground lease negotiation, and space lease negotiation.  This  transaction is important to the health system because it permitted the system to broaden its healthcare offerings to the region (including by co-developing new properties from which it will deliver  healthcare services). The total purchase price is in excess of $100 million.
  • Represented large nonprofit catholic hospital system in connection with the expansion of its footprint in California.  In connection therewith, represented the health system in connection with a  series of strategically important lease matters involving retail and mixed-use centers:
  • San Clemente, CA. System leased a total (in 3 separate leases) of 17,320 RSF, which is the entirety of a newly constructed building at a prominent outlet center along the California coast.
  • La Habra, CA. System leased approximately 20,000 RSF, which is the entirety of a newly constructed building at the shopping center.
  • Chino Hills, CA.  System leased approximately 32,237 gross square feet, which is the entirety of building that will be located at a mixed use development that is currently under  construction.
  • Diamond Bar, CA. System leased approximately 26,344 RSF, which is the entirety of a newly constructed building at the shopping center.
  • Laguna Hills, CA.  System leased approximately 12,473 RSF, in a shopping center comprised of approximately 119,000 RSF.
  • Tustin, CA.  System will lease approximately 24,803 RSF, which is the entirety of a building located at the shopping center.
  • Represented large public pension funds in connection with various real estate matters, including:
  • Represented a partner in a joint venture with large multi-family developer in connection with client’s buyout of the developer’s interest in the joint venture – a transaction value in excess of  $40  million.  Also represented the client in connection with an Assignment and Modification Agreement with the lender that made a loan secured by the property owned by the joint  venture.
  • Represented client as seller in connection with the sale of a 232 unit apartment building in norther California. The total purchase price was over $85,000,000.
  • Represented client with the acquisition of a multi-family building in Atlanta, GA.  It allowed the client to deploy a substantial amount of capital aimed at achieving a healthy risk-adjusted  return in a transaction in excess of $95 million. 
  • Represented the owners/operators of three premier Los Angeles skilled nursing facilities in the leasing of such facilities to new operators – with a transaction value in excess of $60 million. The transaction involved leases of the facilities, as well as the transfer of operations of the facilities, to new a new operator.
  • Represented the owner of a North Hollywood skilled nursing facility in the leasing of such facility to a new operator.
  • Represented a large national nonprofit catholic hospital system, both as landlord and tenant, in connection with its entire lease portfolio.  Annual transaction values have exceed $25 million.  
  • Represented one of the nation’s largest homebuilders in connection with the leasing of retail space in multifamily projects it constructed across the country. 
  • Represented the landlords of some of the most well-known shopping centers in the Los Angeles, California area in connection with retail leasing matters.
  • Represented investment fund in connection with the acquisition of a shopping center containing over 600,000 RSF in Santa Maria, California.

Real Estate Finance

  • Represented impact investor in connection with two permanent loans and two constructions loans (which are convertible to permanent loans) in the aggregate principal amount of $64,334,000  from a large life insurance company, secured by multi-family and office buildings in Boulder, Colorado. Two of the properties were Opportunity Zone deals, and Polsinelli provided Opportunity  Zone structuring and tax advice.  
  • Represented lender in connection with six loans in the aggregate principal amount of $120,300,000 to affiliated limited liability company borrowers. Two of which are owned by a well-known  architect and real estate developer in California.  The loans were secured by commercial buildings throughout the Los Angeles, California area.
  • Represented large public pension funds in connection with various real estate matters, including:
  • As borrower, in connection with two loans in the aggregate principal amount in excess of $40 million made by Wells Fargo and secured by multifamily properties in Atlanta, GA and Aurora, CO.
  • As local counsel in connection with a loan in excess of $600 million large hedge fund. 
  • As local counsel representing borrowers in connection with a $735,208,000 loan from large life insurance company.
  • Represented lender in connection with a $5 million loan to a corporate entity owned by a well-known Hollywood actor.  The loan was guaranteed by this actor’s loan-out corporation, and was  secured by a promissory note.
  • Represent healthcare system in the restructuring of a loan to an ambulatory surgery center whose operations were negatively impacted by COVID-19.
eAlerts Updates
February 2019
text icon Publications & Presentations
Do Retail Tenants Now Have the Upper Hand? Negotiating Key Retail Lease Provisions in a Changing Landscape
Presenter, Los Angeles County Bar Association
May 21, 2018