SAN RAFAEL, Calif.--(BUSINESS WIRE)--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.”
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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 over 250 employees operating in a total of 12 offices in the following 9 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.