Marc Lipschultz & Doug Ostrover Of Blue Owl Capital Secures $185M Loan From Natixis For Retail Portfolio

The asset involved in the transaction is a retail portfolio consisting of 21 Bay Area properties located in markets such as San Jose, Alameda, San Carlos, Watsonville, Hayward, San Leandro, Santa Rosa, Petaluma, Fresno, Auburn, Hollister, Merced, Oakley, Modesto, and Sand City. The total loan amount for this portfolio is $185,000,000, backed by prominent anchors including Save Mart, Lucky Supermarket, and FoodMaxx. The properties are held under the Save Mart Portfolio Owner Fund V CA LLC.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $185,000,000
• Lender: Natixis
• Landlord: Marc Lipschultz & Doug Ostrover - Blue Owl Capital

This transaction highlights the involvement of Blue Owl Capital, which secured the significant loan from Natixis. The company is currently restricting investor withdrawals and is in the process of offloading $1.4 billion in loans to pension funds, including the California Public Employees’ Retirement System and the Ontario Municipal Employees Retirement System.