Woodridge Capital Acquires Loch Lomond Marina

  Woodridge Capital Acquires Loch Lomond Marina

Business Wire

SAN RAFAEL, Calif. -- March 22, 2013

Marina Village Associates, LLC, an affiliate of Woodridge Capital Partners,
LLC (“Woodridge”), has acquired the Loch Lomond Marina Village, with financing
provided by funds managed by Colony Capital, LLC.

Idyllically located at the Bay’s edge in the City of San Rafael, Loch Lomond
Marina Village is a fully entitled development site, which when completed,
will include 81 homes, approximately 26,000 square feet of commercial space
and a marina with over 500 boat slips. The project reinforces the positive
values Marin County is well known for, including outdoor recreational
activities, high quality architecture and environmentally conscious design.
Woodridge acquired the property from an affiliate of Oaktree Capital
Management, LP (“Oaktree”).

Michael Rosenfeld, CEO and Founder of Woodridge, commented on the recent
acquisition, “We are excited to join the Marin community and help bring this
project forward.”

                                     ###

Founded by Michael Rosenfeld, Woodridge Capital Partners, LLC (“Woodridge”),
is a Los Angeles-based real estate development and investment company, and
through its affiliates, are owners and developers of a broad range of hotel,
resort, residential and commercial real estate projects throughout the United
States. Woodridge has extensive expertise in all aspects of the development of
large‐scale real estate projects, including land acquisition, entitlement,
planning and design, construction, marketing and sales.

Colony Capital, LLC (“Colony”) is a privately-held independent global real
estate investment firm founded in 1991 by Thomas J. Barrack, Jr. Colony
Capital has an extensive global footprint and corresponding infrastructure,
with over250 employees operating in a total of12 offices in the following9
countries:China, England, France, Italy, Lebanon, South Korea, Spain, Taiwan
and the United States.

Oaktree Capital Management, L.P. (“Oaktree”) is a leading global investment
management firm focused on alternative markets with $77.1 billion in assets
under management as of December 31, 2012. The firm emphasizes an
opportunistic, value-oriented and risk-controlled approach to investments in
distressed debt, corporate debt (including high yield debt and senior loans),
control investing, convertible securities, real estate and listed equities.
Headquartered in Los Angeles, the firm has over 700 employees and offices in
13 cities worldwide. For more information visit www.oaktreecapital.com.

Contact:

Casey & Sayre, Inc. for Woodridge Capital
Barbara Casey, O: 310-473-8090
M: 310-990-0750
bcasey@cswpr.com
 
Press spacebar to pause and continue. Press esc to stop.