Spencer Eldred

Spencer I. Eldred

Los Angeles

Spencer Eldred is an associate in the firm’s Real Estate Department whose practice is primarily focused on real estate development and transactional matters. Spencer is well versed in representing developers, affordable housing agencies, and other commercial property owners in a wide range of land use and zoning issues. Spencer demonstrates extensive experience in due diligence, processing entitlements, CEQA review, the Surplus Land Act, and real estate and land use litigation.

Spencer is an integral member of the firm's Affordable Housing and Community Development Group. Spencer has represented private developers, public housing authorities, investors, and other stakeholders in negotiating and transacting many of the most complex affordable housing and community development transactions nationwide, which involve complicated entitlements, unique political timelines, and diverse funding sources.


Acquisitions and Dispositions

  • Represented developers of the expansion of a major Los Angeles area hospital
  • Represented a major REIT owner in a property portfolio deal across multiple states that included several hundred unique properties
  • Represented a transit authority in a public-private partnership for the development of affordable housing on public land

Lender Representation

  • Represented the lender in the financing of a national hotel brand adjacent to the LAX International Airport, along with an adjacent parking structure
  • Drafted loan agreements worth several hundred million dollars for a major residential project in Southern California
  • Conducted due diligence for affordable housing bond deals in Southern California worth several hundred million dollars

Leasing and Property Management

  • Represented a national developer on the formation of ground leases for a public-private partnership for the expansion of the UC Davis Sacramento campus
  • Negotiated the settlement of lawsuit over the continued ability of homeowners, who lease land, having the ability to finance their residential units due to a break in a continued leasehold because the landlord’s lease to the homeowners terminates prior to when the successor lease is able to begin
  • Represented a regional hospital in complicated leasing issues as the hospital is redeveloped in phases, requiring staged relocation of essential tenants, easements and interests on uncertain timelines

Professional Highlights

Recognition & Accomplishments

The Best Lawyers in America, "Ones to Watch," – Land Use and Zoning Law, Real Estate Law (Los Angeles), 2023, 2024; Environmental Law (Los Angeles), 2024

Board Memberships & Community Service

Co-Founder and Steering Committee Member, Los Angeles Regional Open Space and Housing (LA ROSAH) Collaborative



The University of Chicago Law School (J.D. 2014)
Ellman Scholarship

Duke University (B.A., cum laude, 2010)
University Scholars Program